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Death toll from floods hits 615 with 28 more deaths

2007-08-22 00:00:00

The death toll from flood-related incidents like drowning, waterborne diseases and snakebites rose to 615 with 28 more deaths reported in the 24 hours until Tuesday morning, reports UNB.According to official statistics, 3,878 more people were affected by diarrhoea in...

Dhaka's participation in Delhi ministers' meeting uncertain

2007-08-22 00:00:00

FE ReportThe participation of Bangladesh in the first SAARC transport ministers' meeting in New Delhi later this month on opening up all strategic corridors for use by member nations is uncertain due to the floods in the country, diplomatic sources...

A welcome decision

2007-08-21 00:00:00

THE interim administration, according to a report published in this daily, has put off its decision to increase power and gas tariff and fuel oil prices in view of the deteriorating price situation and the devastation caused by monsoon flood....

Verdicts of circumstances on energy issues

2007-08-21 00:00:00

Qazi Azad THIS is the same country that has had a raging debate a few years ago about the desirability of export of its gas to India, which is now considering seriously to import it. According to a report, published...

Olympic programme helps refugees, displaced people worldwide

2007-08-21 00:00:00

Eric GreenTHE international sports community is reaching out to many of the world's 20 million refugees and internally displaced people in an effort to meet some of their basic needs and provide hope for a better future.The Giving is Winning...

South Africa once again confronts its tortured past

2007-08-21 00:00:00

Alec RussellIn Dream of the Dog, a powerful new South African play about confronting the past, one of the characters, an ageing white racist farmer, is baffled when one of his former black labourers returns after the end of apartheid...

Unsafe highways lead to head-on collisions

2007-08-21 00:00:00

EIGHT people, including five schoolchildren, were killed and two critically injured in an accident at Kumira of Sitakunda in Chittagong on the Dhaka-Chittagong Highway last Monday. It was certainly a great tragedy unfolded yet again on the Dhaka-Chittagong Highway. Road...

Where lies the problem?

2007-08-21 00:00:00

EVERYDAY, at least one or two stories are found in the newspapers regarding taking some measures to stabilise the prices of essential commodities. These measures include meetings between the government and stakeholders concerned, withdrawal of import duties form some essential...

Instruction to deliver

2007-08-21 00:00:00

As the wife of a retired government official, I have developed, due to association, an interest in governance issues. I read Professor Vernon Bogdanor's splendid review of Michael Barber's book of the above caption in the FE. I was fascinated...

Scrapping depreciation allowance under the Income Tax Ordinance 1984 needs review

2007-08-21 00:00:00

A. Quadir ChoudhuryGovernment support and patronage is a pre-requisite for the growth and development of any industry anywhere in the world. The role of the govt. is expected to be pro-active and facilitative to open up opportunities to the entrepreneurs...

Gaps between commitments and actions

2007-08-21 00:00:00

M. Abu Eusuf NUMEROUS studies indicate that services have the potential to provide a significant development outcome to the Doha Round of negotiations. Unfortunately, progress in this area is directly linked to breakthroughs in Agriculture and Non-Agricultural Market Access (NAMA)...

China may overtake US to become world's second largest exporter this year

2007-08-21 00:00:00

BEIJING, Aug 20 (CEIS): China may overtake the United States to become the world's second largest exporter this year if its current export growth speed continues, said a senior government official here yesterday. Yu Guangzhou, vice minister of commerce, told...

DBL distributes relief goods among flood-hit people

2007-08-21 00:00:00

FE ReportAs a part of corporate social responsibility and on-going relief programme, Dhaka Bank Limited (DBL) has recently distributed 60 tonnes relief goods among 5,000 families of Araihazar thana in Narayanganj district.DBL former chairman ATM Hayatuzzaman Khan distributed the relief...

Financial turmoil could hurt Asia over six months

2007-08-21 00:00:00

SINGAPORE, Aug 20 (AFP): Asia could feel the impact of turbulence that rocked global markets over the next three to six months but the region's foundations remained strong, Singapore Prime Minister Lee Hsien Loong said. The region would be affected...

BoJ to inject $8.7b into banking system

2007-08-21 00:00:00

TOKYO, Aug 20 (AFP): Japan's central bank said today that it would inject 1.0 trillion yen (8.7 billion dollars) into the banking system as part of ongoing efforts to restore calm to financial markets. The Bank of Japan (BoJ) moved...

Asia-Pacific bears brunt of natural disasters

2007-08-21 00:00:00

SYDNEY, Aug 20 (AFP): Asia-Pacific countries accounted for 90 per cent of people affected by natural disasters around the world since 2000, the region's emergency management chiefs were told today. Climate change and population growth were likely to increase the...

Australia rushes to catch 'Indian express' on trade

2007-08-21 00:00:00

SYDNEY, Aug 20 (AFP): The Australian government has backed a plan to negotiate a free trade agreement with India, a move which would radically reshape relations with the South Asian power, a report said today. The conservative government of Prime...

SADC speeding up process of creating free trade zone

2007-08-21 00:00:00

LUANDA, Aug 20 (Xinhua): Greater efforts are being made to accelerate the process of establishing a free trade zone in the Southern African Development Community (SADC), Angola's official news agency ANGOP reported yesterday. Angolan Deputy Foreign Minister George Chicoty was...

Swiss economy could weather US financial storm

2007-08-21 00:00:00

GENEVA, Aug 20 (Xinhua): The financial market crisis in the United States is no threat to the Swiss economy, Switzerland's central bank governor said yesterday. The Swiss financial system is well placed to withstand the turbulence that has sent stock...

S Korea's trade terms worsen in Q2

2007-08-21 00:00:00

SEOUL, Aug 20 (Xinhua): South Korea's terms of trade worsened in the second quarter from three months earlier due to rising costs for crude oil imports, the central bank said today. According to the Bank of Korea (BoK), South Korea's...

Organised retail to require 0.5m trained manpower in India

2007-08-21 00:00:00

NEW DELHI, Aug 20 (PTI): Organised retailing, which is set to grow to a USD 24 billion industry by 2010, will require 5,00,000 trained manpower to run hypermarkets, super stores and wholesale cash and carry facilities in major Indian cities,...

EXIM Bank distributes relief materials

2007-08-21 00:00:00

FE ReportExport Import (EXIM) Bank of Bangladesh Ltd distributed relief materials among the flood-affected people of Munshiganj, Bogra, Rangpur and Gaibandha recently as part of its corporate social responsibility.Audit Committee Chairman of the bank AKM Nurul Fazal Bulbul distributed the...

Oil prices lower

2007-08-21 00:00:00

SINGAPORE, Aug 20 (AFP): Oil prices fell in Asian trade today as energy facilities in the United States appeared to be safe for the time being from the fury of Hurricane Dean, dealers said. New York's main contract, light sweet...

Yen sharply up against dollar in volatile trade

2007-08-21 00:00:00

HONG KONG, Aug 20 (AFP): Fears over the scale of the reverberating US sub-prime mortgage market left Asian currencies vulnerable to sharp swings, with the Japanese yen closing the week much firmer against the dollar but most other currencies down....

China begins construction of nuclear power station

2007-08-21 00:00:00

DALIAN, Aug 20 (CEIS): China Saturday began construction of the main body of a nuclear power station in Dalian, Liaoning province, the first nuclear power station in northeast China. The Hongyanhe nuclear power station, located in Donggang Township, is designed...

Indonesian, Japanese cos to build $2b refinery

2007-08-21 00:00:00

JAKARTA, Aug 20 (AFP): Indonesian energy companies Pertamina and Medco Energi Internasional along with Japan's Mitsubishi Corp are to begin building a liquefied natural gas refinery next year, the companies said today. Indonesia is energy-hungry Japan's biggest liquefied natural gas...

Bank Asia raises Tk 840m loan for power plant

2007-08-21 00:00:00

FE Report A syndicated loan signing ceremony was held at a city hotel recently concerning the Syndicate Financing of GBB Power Limited. Bank Asia Limited successfully raised Tk 840 million syndicated facility for GBB Power as the lead arranger of...

Prime Bank, UCBL, Rupali Bank to offer Western Union money transfer services

2007-08-21 00:00:00

FE ReportWestern Union has recently appointed three new agents - Prime Bank Limited, United Commercial Bank Limited (UCBL) and Rupali Bank - to offer its money transfer services across the country.Prime Bank and UCBL are private sector banks, and Rupali...

Pubali Bank holds workshop in Cox's Bazar

2007-08-21 00:00:00

FE ReportPubali Bank Ltd (PBL) held a two-day workshop for branch managers, regional managers and senior executives of the bank at a hotel at Cox's Bazar on August 17 and August 18 to motivate the officials in increasing the bank's...

Govt allocates Tk 1034200 for NGOs in B'baria

2007-08-21 00:00:00

Our CorrespondentBRAHMANBARIA, Aug 20: National Social Welfare Parishad organised as function for distribution of cheques for the grant money of 2006-2007 financial year for the non-government organisations (NGOs), registered with the Social Welfare Department(SWD). The grant money distribution function was...