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10 missing as trawlers capsize in Bay

2008-09-29 00:00:00

BHOLA, Sept 28: At least 10 fishermen went missing as six fishing boats and trawlers capsized in the Tetulia river and the Bay amid the depression Saturday night. Local fishermen said five trawlers sank in the Bay of Bengal and...

JP leader, family members killed in Rajshahi crash

2008-09-29 00:00:00

Former vice-president of Jatiya Party's (JP) central committee Abdul Hannan and his family members were killed in a road accident in Rajshahi Sunday morning. Sixty year-old Hannan, his elder daughter Ruma (42), nine-year-old grandson Noman and driver Ayub were killed...

Widening the taxation network

2008-09-29 00:00:00

The tax officials of the government are less optimistic this fiscal of achieving the revenue target set by the government. So far, the response from the individual taxpayers and the holders of undisclosed but not corruption-tainted income has, unlike that...

Offshore hydrocarbon exploration and jingoism

2008-09-29 00:00:00

Shamsul Huq ZahidThe 'national' committee to protect oil, gas, mineral resources, power and ports, according to newspaper reports, last Friday organized a press conference to reiterate its opposition to, what it said, leasing of offshore oil blocks to international oil...

A plan for education

2008-09-29 00:00:00

Md AsaduzzamanEducation nowadays is no more looked at in isolation from a country's economic or developmental goals. Rather, it is recognized as the single most important factor in promoting economic growth and development through the creation of human resources. Thus,...

Road side shops, why?

2008-09-29 00:00:00

Did the owners take permission for opening shops on the road sides? There is no clear idea about how the trend of opening of shops in lanes, by-lanes became popular. How had this practice become free for all? Now many...

Learning English: A student's perspective

2008-09-29 00:00:00

It is an open secret that a good command over English is a must to cut a brilliant figure in all sorts of examinations, whether public or private. But the method of learning or teaching English as we see in...

The genesis of financial reforms

2008-09-29 00:00:00

Muhammad Abdul MazidFOREIGN capital inflows constitute part of the world's savings. Over the past three decades world savings in proportion to world income has fallen. The decline in world savings implies that not every country can maintain its level of...

US reaches bailout deal in bid to stem crisis

2008-09-29 00:00:00

WASHINGTON, Sept 28 (Reuters): US lawmakers were set to sign off on a deal Sunday to create a 700-billion-dollar fund to buy bad debt from ailing banks in a bid to stem an escalating credit crisis that threatened to engulf...

US financial crisis haunts Asian leaders

2008-09-29 00:00:00

UNITED NATIONS, Sept 28 (AFP): Japan is worried about a severe credit crunch, India wants regulations tightened while China expects the situation to get worse before it gets better-the US financial crisis has been haunting Asian leaders as they took...

US Congress passes $25b loan guarantees to automakers

2008-09-29 00:00:00

DETROIT, Michigan, Sept 28 (Internet): The US Senate has approved 25 billion dollars in loan guarantees for the financially strapped US auto industry, intended to spark a wave of automotive innovation.The loan guarantees were included in a continuing resolution that...

Italy aims to include China, India, Brazil in G8

2008-09-29 00:00:00

ROME, Sept 28 (Reuters): Italy will champion the expansion of the Group of Eight (G8) leading industrial nations to include countries such as China, India and Brazil when it assumes the G8 presidency next year, its economy minister said."We can...

India importing more products from China to fight inflation

2008-09-29 00:00:00

NEW DELHI, Sept 28 (Internet): Indian importers are looking to China manufacturers more and more to fight rising costs, according to dual surveys released by trade publisher and trade show organiser Global Sources. The surveys, conducted in July and August,...

Asian currencies higher against dollar

2008-09-29 00:00:00

HONG KONG, Sept 28 (AFP): Asian currencies ended the week mostly higher against the dollar as traders awaited the fate of a massive US rescue package aimed at stabilising the global finance sector and economy. JAPANESE YEN: The yen rose...

Pisciculture project begins in Teesta Irrigation Project

2008-09-29 00:00:00

Our CorrespondentNILPHAMARI, Sept 28: The long desired pisciculture project has begun in Teesta Irrigation Project (TIP) canal in Nilphamari recently.District fisheries office in Nilphamari released four and a half tonnes of fish fry in the project canal. This is the...

SMC introduces SMC Zinc tablets

2008-09-29 00:00:00

FE ReportSocial Marketing Company (SMC) has launched SMC Zinc 20mg soluble tablets as an added therapy to oral saline to prevent and treat diarrhoea among under-5 children. Square Pharmaceuticals Ltd is the manufacturing partner of the SMC. Director of USAID...

Iraq signs billion-dollar power deals with GE, Siemens

2008-09-29 00:00:00

DUBAI, Sept 28 (Reuters): Iraq has signed preliminary deals worth billions of dollars with General Electric Co and Siemens for equipment to almost double electricity generation capacity, an energy official said Saturday.The deals with GE, Siemens and a third company...

Azim re-elected ACCL president

2008-09-29 00:00:00

FE ReportManaging Director of Classic Group of Companies Mohammed Shahidullah Azim has been re-elected as the president for the consecutive third term for 2008 to 2010 of All Community Club Ltd (ACCL) in the city recently.The election board of the...

Airbus expecting 'large' China order by early 2009: CEO

2008-09-29 00:00:00

TIANJIN, China, Sept 28 (AFP): European aircraft giant Airbus is expecting a "large order" from Chinese airlines by early 2009, the company's chief executive officer Tom Enders said here today. The Chinese aviation market "next year will still see strong...

Investment scope, mkt promotion to be explored

2008-09-29 00:00:00

FE Report A 12-member delegation of the newly formed trade body -- the European Bangladesh Federation of Commerce and Industry (EBF) -- led by its joint presidents Dr Wali Tasar Uddin and Fred Oldenhuizing will be visiting Bangladesh from October...

MTB opens 31st branch in N’ganj

2008-09-29 00:00:00

FE ReportMutual Trust Bank (MTB) Ltd opened its 31st branch in Narayanganj recently. Chairman of the bank Samson H Chowdhury inaugurated the branch at Taanbazar in the town. Founder chairman of the bank Syed Manzur Elahi was also present.In his...

Sonali Bank to give Tk 80m loan to Premier Leasing

2008-09-29 00:00:00

FE ReportSonali Bank Limited will provide loan of Tk 80 million to Premier Leasing and Finance Limited. Both the companies entered into an agreement in this connection recently. Sonali Bank's Deputy General Manager (general loan division) Md Shahjahan and Premier...

UK to open up job market for Bangladeshi chefs

2008-09-29 00:00:00

Opportunities for Bangladeshi chefs are going to open up to get jobs in Britain's burgeoning curry industry as the British Migration Advisory Committee (MAC) recently published its list of skills shortages caused by the new Point-based Immigration Policy, reports UNB.The...

Rajshahi airport incurs huge loss

2008-09-29 00:00:00

Our CorrespondentRAJSHAHI, Sept 28: Hazrat Shah Mukhdum Airport, the only airport in Rajshahi city, is incurring a huge loss after its closure one-and-a-half years ago. Though government airplanes and helicopters make trips from time to time at this airport, it...

Indian stocks fall six-month low

2008-09-29 00:00:00

MUMBAI, Sept 28 (Bloomberg): Indian stocks fell Friday, with the benchmark posting its biggest weekly drop in six months, after talks on a US credit market rescue plan stalled and Washington Mutual became the biggest bank failure in American history.The...

Whipsawed Wall Street awaits rescue

2008-09-29 00:00:00

NEW YORK, Sept 28 (AFP): With a massive rescue of the financial sector in limbo, Wall Street was hopeful about a lifeline but also fearful it might not materialise, analysts said. The market has been volatile amid intense debate in...

Wachovia hunts for a merger partner

2008-09-29 00:00:00

NEW YORK, Sept 28 (Reuters): Wachovia Corporation has begun early merger talks with several suitors, according to published reports, all of which spurned Washington Mutual Inc prior to that lender's seizure by the US government.Wachovia, the sixth-largest US bank by...

WaMu files bankruptcy petition

2008-09-29 00:00:00

SCOTTSDALE, Arizona, Sept 28 (Reuters): Washington Mutual Inc has filed a petition for Chapter 11 bankruptcy protection from creditors in US bankruptcy court in Delaware.In the voluntary petition filed late Friday, the company listed assets of US$32.90 billion, and debts...

New Alitalia could take off Nov 1

2008-09-29 00:00:00

MILAN, Sept 28 (Reuters): A reborn Alitalia could be in place by the start of November after a deal on its rescue was reached with key unions at the weekend, the head of one of the investors buying its core...

Militants attack Pakistani forces, Polish engineer kidnapped

2008-09-29 00:00:00

ISLAMABAD, Sep 28 (AP): Islamic militants struck back at security forces in Pakistan's northwest while gunmen Sunday abducted a Polish engineer and extended a wave of attacks on foreigners.The recent truck bombing of Islamabad's Marriott Hotel has heightened concern about...