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Asian central banks patrol as credit fears rise

2007-08-17 00:00:00

SINGAPORE, Aug 16 (Reuters): Asia Pacific central banks and financial chiefs kept a tight watch on money markets and attempted to reassure investors Thursday as fears of a worsening global credit storm gripped the region."There's a degree of panic over...

US investors cry for rate cut while Fed listens to economy

2007-08-17 00:00:00

WASHINGTON, Aug 16 (AFP): The financial markets, slammed by the US subprime mortgage sector crisis, are crying out for interest rate cuts but the Federal Reserve may be hearing different sounds from the economy. On Wall Street, more and more...

ASEAN not only peace maker but also bridge builder

2007-08-17 00:00:00

JAKARTA, Aug 16 (Xinhua): ASEAN not only secured peace in Southeast Asia, but also played a role as bridge builder to promote dialogue and cooperation in and out of the region in the past 40 years, Hassan Wirayuda, foreign minister...

China boosts subsidies for people affected by natural disasters

2007-08-17 00:00:00

BEIJING, Aug 16 (CEIS): China's State Council has agreed to raise subsidies for people affected by natural disasters, saying the country was seeing worse than average problems this year. At an executive meeting Tuesday presided over by Premier Wen Jiabao,...

Indian private job salaries twice those of govt entities

2007-08-17 00:00:00

NEW DELHI, Aug 16 (PTI): India's long march from an agriculture-dominated economy at the time of independence to become the world's biggest back-office has taken the charm away from government jobs with salaries in private sector higher by as much...

Sino-Iranian ties achieve progress in economic, trade cooperation

2007-08-17 00:00:00

BISHKEK, Aug 16 (CEIS): The friendly and cooperative ties between China and Iran have achieved progress in economic and trade cooperation along with increasing exchanges in the humanities, Chinese President Hu Jintao said here yesterday. Through various forms of communication...

Prague fine-tunes economic reform programme

2007-08-17 00:00:00

PRAGUE, Aug 16 (AFP): The fragile centre-right coalition of Prime Minister Mirek Topolanek announced Tuesday that it has fine-tuned its economic reform programme aimed at rescuing public finances and securing entry into the Eurozone. "I believe this agreement is fair....

Rural consumption up in China

2007-08-17 00:00:00

BEIJING, Aug 16 (CEIS): China's rural residents are catching up with urban residents in life style with the economic growth and more cash income, according to the latest sample survey by the National Bureau of Statistics. The survey on 68,000...

Gold demand hits record high on Asian purchasesp 1-1

2007-08-17 00:00:00

LONDON, Aug 16 (AFP): Global demand for gold surged to record highs in the second quarter of 2007, driven by increased jewellery purchases in China and India, a leading industry body said yesterday. Gold demand, in terms of total dollar...

Bangladesh needs plan to introduce 3G mobile tech

2007-08-17 00:00:00

FE Report Bangladesh needs plan, to join the revolution of information and communication technology (ICT), for introducing third generation (3G) mobile technology in the country.The implementation of the 3G, besides reducing the cost of doing business, can help develop the...

Oil prices lower in Asian trade

2007-08-17 00:00:00

SINGAPORE, Aug 16 (Reuters): Oil prices fell in Asian trade Thursday as investors fret over the economic fallout from the turbulence swirling in the global financial markets.Investors fear US energy demand could be hit if the financial turmoil, which started...

Tata concerned over poverty despite transformation of economy

2007-08-17 00:00:00

NEW DELHI, Aug 16 (PTI): Industry doyen Ratan Tata yesterday warned that "absence of strong unified ideological construct in Parliament" would hinder the impressive growth momentum, while expressing concern over large scale economic disparity. Tata, under whose stewardship, India's numero...

ICRIER calls for horticulture export strategy

2007-08-17 00:00:00

NEW DELHI, Aug 16 (PTI): India's fledgling horticulture industry will face tough competition from China, Pakistan and Australia if right export strategies are not adopted, warns a policy oriented think tank. The threat arises from the fact that countries like...

China's renewable energy to involve $80b each year

2007-08-17 00:00:00

BEIJING, Aug 16 (CEIS): China's renewable energy has entered a fast development period from complementary energy to alternative energy, said Shi Dinghuan, Chairman of Chinese Renewable Energy Association. The country used 200 million tons of standard coals equivalent renewable energy...

Malaysia's natural rubber production up 9.3pc

2007-08-17 00:00:00

KUALA LUMPUR, Aug 16 (Xinhua): Malaysia's natural rubber production recorded 97,717 tons in June this year, up 9.3 per cent from the previous month, according to the country's Statistics Department recently. However, the country's natural rubber exports increased by 11.2...

Close civil-military ties for national integration stressed

2007-08-17 00:00:00

Foreign Affairs Adviser Iftekhar Ahmed Chowdhury has said a close and cooperative civil-military relationship would be a healthy component of national integration and a big investment in the national security of Bangladesh.He made the remarks while speaking at the concluding...

Govt suspends 12 municipal chairmen

2007-08-17 00:00:00

The government has suspended 12 municipal chairmen against whom criminal cases are pending.The chairmen were suspended as per Clause 136(1) of The Pourashava Ordinance, 1977 (Ordinance No. XXVI of 1977), according to a PID handout, reports UNB.The suspended municipal chairmen...

ACC sues Mirza Abbas, his wife

2007-08-17 00:00:00

The Anti-corruption Commission (ACC) filed a case Thursday against former housing and public works minister Mirza Abbas and his wife Afroza Abbas for amassing wealth beyond their known sources of income.Police said ACC Assistant Director Shafiul Alam lodged the case...

LDP leader Redwan, his wife submit wealth statements

2007-08-17 00:00:00

Former BNP state minister and Liberal Democratic Party (LDP) presidium member Redwan Ahmed and his wife possess assets worth about Tk 35.60 million, according to the wealth statements submitted to the Anti-corruption Commission (ACC) Wednesday, reports UNB.In the wealth statement...

Data collection for voters' list begins in M’singh

2007-08-17 00:00:00

MYMENSINGH, Aug 16 (BSS): Preparation of voters' list with photographs and national identity (ID) cards has started in the Mymensingh Municipality areas in association with the members of the army Wednesday.Sources said door-to-door distribution of relevant forms to collect data...

Sixth SAFMA Confce begins in Colombo on Aug 18

2007-08-17 00:00:00

The sixth regional conference of South Asian Free Media Association (SAFMA) with the theme "Media Peace and Poverty Alleviation" will begin in the Sri Lankan capital of Colombo on August 18, reports BSS.

Ajker Kagoj clinch crown

2007-08-17 00:00:00

Daily Ajker Kagoj clinched the Fifth Meril Media Cup Football title beating Satellite TV Channel BanglaVision by 2-0 goals in the final at the Bangabandhu National Stadium in the city Thursday, reports UNB.Barik Anjam, a former player of Brothers Union...

Sultan off to New Delhi

2007-08-17 00:00:00

Bangladesh Football Federation (BFF) President SA Sultan left the city Thursday, with the New Delhi-bound national football team, to hold discussions on the first-ever Padma-Ganga Football Tournament.During the four-day visit at the invitation of All-India Football Federation (AIFF) President Priyo...

Federer bounces back after ATP upset

2007-08-17 00:00:00

CINCINNATI, Aug 16(AFP): World number one Roger Federer rebounded from a loss in the Montreal final by taking out his frustrations on France's Julien Benneteau 6- 3, 6-3 at the ATP Cincinnati Masters Wednesday. The Swiss star, denied his 50th...

Booters leave for Malaysia today

2007-08-17 00:00:00

An 18-member Bangladesh squad, led by national defender Hasan Al Mamun, leaves Dhaka for Malaysia to participate in the prestigious Merdeka Cup Football Tournament Saturday, reports UNB.The eight-team Merdeka Cup Football Tournament will be held in Kuala Lumpur on August...

Aussie-crowd-abuse will spur me to chasing world record, says Murali

2007-08-17 00:00:00

SYDNEY, Aug 16 (AFP): Muttiah Muralitharan has warned any abuse from Australian crowds will only spur him to break Shane Warne's world record in Sri Lanka's cricket tour here later this year. The heavily-scrutinised Sri Lankan spinner has dared Australian...

Henin makes a brilliant come back

2007-08-17 00:00:00

TORONTO, Aug 16(AFP): World number one Justine Henin of Belgium made a triumphant return in her first match since a shocking semi-final loss at Wimbledon, beating Slovenian qualifier Andreja Klepac 6-3, 6-1 here Wednesday. France's Marion Bartoli ousted Henin in...

Ferguson warns Ronaldo to keep his cool

2007-08-17 00:00:00

PORTSMOUTH,Aug 16 (AFP): Sir Alex Ferguson insisted Cristiano Ronaldo must learn not to react to provocation from inferior players after his senseless dismissal in the champions' 1-1 draw at Portsmouth. Ronaldo was sent off for aiming a headbutt at Richard...

Symonds fears for fun of T20s

2007-08-17 00:00:00

Australia's allrounder Andrew Symonds could well emerge as the key player in next month's Twenty20 World Championship, but he fears that the ever-increasing popularity of the game's newest format could detract from the fun, according to Cricinfo. Symonds has been...

Ballseye

2007-08-17 00:00:00

Saiful KaiserInzamam-ul-Haq is going to play county cricket for the first time. He will be replacing Younis Khan at Yorkshire. Younis is part of the Pakistani squad for the Twenty20 World Championship. Inzi will play three four-day and three one-day...