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Ivanovic shocks Sharapova

2007-06-09 00:00:00

Serbia's Ana Ivanovic reached the first Grand Slam final of her career with victory over Maria Sharapova at the French Open Thursday. Seventh seed Ivanovic took control from the start and came through 6-2 6-1 against Russian second seed Sharapova,...

Real Madrid sign deal to expand brand in USA

2007-06-09 00:00:00

MADRID, Jun 8 (AFP): Spanish giants Real Madrid signed a marketing agreement with a New York-based sports marketing group to expand their brand and help the development of football in the United States. The contract with SCP (Sports Capital Partnres)...

Ballseye

2007-06-09 00:00:00

Saiful KaiserThe first ODI between Asia XI and Africa XI was won by the Asians but Shaun Pollock single-handedly almost took his team to the brink. Had it been the loss of 4 or 5 wickets instead of the 8...

Flintoff brushes off Vaughan comments

2007-06-09 00:00:00

Andrew Flintoff has said his friendship with Michael Vaughan remains as strong as ever, despite Vaughan's comments about Flintoff's conduct at the World Cup. Flintoff labelled his skipper's interview with The Guardian this week "a storm in a teacup". "We...

Beckham commits to England cause

2007-06-09 00:00:00

David Beckham said he is eager to play for England as long he is "allowed" to. The former captain (32) was England's shining light against Estonia, setting up two of his side's three goals during the 3-0 victory in Talinn....

Proposed budget for 2007-08

2007-06-09 00:00:00

THE proposed budget for fiscal 2007-08 having an over-all size of Tk 871.37 billion, announced by Finance Adviser Mirza Azizul Islam last Thursday, is both development and welfare oriented. However, some of the issues contained therein merit reconsideration. It lays...

Economic growth to win against poverty

2007-06-09 00:00:00

Syed Ishtiaque RezaBANGLADESH'S growth performance was relatively modest throughout the period of post-Independence. Recently, it has turned faster. Notwithstanding the relatively slow income growth and modest pace of income poverty reduction, Bangladesh's achievements in the broad area of human development...

Beijing could reap $40bn tax bonanza

2007-06-09 00:00:00

Geoff Dyer from Shanghai and Jamil Anderlini from Hong KongCHINA will gain an annual windfall of as much as $40bn from the tax increase on share trading announced recently -- almost equal to the official defence budget -- if turnover...

Child labour in agriculture

2007-06-09 00:00:00

Sazeda KhanamENGAGING child labour in different economic activities, particularly in worse forms of work, is not only an issue of concern for our country but also for many other countries of the world. This year, the International Labour Organisation (ILO)...

Trial may pose threat to Malaysian government

2007-06-09 00:00:00

John BurtonA high-profile murder trial that began recently in Kuala Lumpur, could pose a political threat to the Malaysian government ahead of expected general elections because one of the accused has links to the deputy prime minister, Najib Razak.Abdul Razak...

Aziz optimistic about financing budgetary deficit without fuelling inflation

2007-06-09 00:00:00

FE ReportFinance and planning adviser Mirza Azizul Islam said Friday a three-pronged strategy as mapped out in the proposed budget -- abolition of import tariffs, increase of domestic supply and boosting local production -- would help keep the prices of...

Forward-looking but challenging

2007-06-09 00:00:00

Moazzem HossainThe proposed budget for fiscal 2007-08, to be adopted through an ordinance after consideration of suggestions and recommendations from expert bodies and citizens that will be received up to June 14, 2007, is, on the whole, forward-looking.While unfolding the...

Take preparation to make budget successful: CA

2007-06-09 00:00:00

Chief Adviser (CA) Fakhruddin Ahmed Friday asked the admin cadre officials to take necessary preparations for successful implementation of the national budget after its finalisation to reach its fruits to all classes of people, reports UNB."Success of the budget as...

Budget, though challenging, reflects people's aspirations: MCCI

2007-06-09 00:00:00

FE Report The Metropolitan Chamber of Commerce and Industry (MCCI) has hailed the 2007-08 budget presented to the nation by finance adviser Mirza Azizul Islam on Thursday."The budget, though challenging, reflects the needs of the times and the desires of...

Improvement in governance, monitoring necessary to attain budgetary goals: FICCI

2007-06-09 00:00:00

FE ReportThe Foreign Investors' Chamber of Commerce and Industry (FICCI) has termed the proposed budget for fiscal 2007-08 an ambitious one and said further improvement in governance and monitoring would be necessary to achieve the budgetary goals. "The proposed budget...

CCCI opposes tariff rate changes on raw material

2007-06-09 00:00:00

FE ReportThe Chittagong Chamber of Commerce and Industry (CCCI) has termed the budget for FY 2007-08 agro-based and social development friendly and said the proposal for allocating Tk 11 billion as export subsidy will facilitate the country's export growth.The CCCI...

DSE happy over emphasis on capital market development

2007-06-09 00:00:00

FE ReportDhaka Stock Exchange (DSE) has hailed the government for presenting 'a balanced and growth-oriented budget' for fiscal 2007-08 saying for the first time due emphasis on the development of country's capital market has been given in the budget."We express...

BNP secy gen doubtful about success of efforts on price-hike

2007-06-09 00:00:00

BNP secretary general Abdul Mannan Bhuiyan Friday expressed doubt about the success of the government's budgetary measures to bring down the prices of essentials, reports UNB.In his reaction to the budget proposed for the fiscal 2007-08, Bhuiyan said despite proposing...

Financing a 'big' budget to be key challenge: CPD

2007-06-09 00:00:00

FE ReportThe Centre for Policy Dialogue (CPD) Friday said financing the proposed budget for fiscal 2007-08 will be the major challenge for the government."The government must make arrangements of financing such a big budget within the first quarter of the...

Hundreds of production units face closure in Bhaluka

2007-06-09 00:00:00

FE ReportHundreds of production units in the country's largest Dhaka-Bhaluka industrial belt face closure following the recent decision of the Ministry of Environment about their relocation elsewhere to protect ecological balance of the Bhawal National Park.In its circular the ministry...

One power unit closed, another starts operation

2007-06-09 00:00:00

FE ReportThe Power Development Board (PDB) shuts down today (Saturday) unit-2 of the Barapukuria coal-fired power plant, having 125-megawatt (MW) generation capacity for urgent maintenance purpose."It will take at least 10 days to complete the maintenance work of the plant,"...

Manufacturers, traders blame each other

2007-06-09 00:00:00

Doulot Akter MalaPrices of most life-saving drugs rose sharply over the past few days due to short supply in the local market. Manufacturers claimed that prices increased because of price manipulation while traders blamed short supply by the manufacturers for...

Leaders pledge to intensify anti-corruption efforts

2007-06-09 00:00:00

HEILIGENDAMM, June 8 (Agencies): Leaders of the Group of Eight (G8) industrialised nations pledged here yesterday to intensify anti-corruption efforts, both at the national and international levels, terming the fight against corruption as "one of the most important tasks of...

NTC's net profit increases despite production fall

2007-06-09 00:00:00

FE ReportNational Tea Company Ltd (NTC) earned Tk 30.292 million as net profit in the year ended December 31,2006 against Tk 27.356 million of the corresponding period of the previous year.The NTC produced 4,766,000 kg tea in the year against...

The vice that transcends national barriers

2007-06-09 00:00:00

From Fazle RashidNEW YORK, June 8: The lust for money is as intense in a rich man as it is in a poor man. It is one aspect of like that does not discriminate between the rich and the poor....

One-fifth of world's workers work excessive hours: ILO

2007-06-09 00:00:00

GENEVA (Xinhua): One in five workers around the world are still working excessively long hours, often merely to make ends meet, the International Labour Organisation (ILO) said Thursday. In a new report, the ILO said an estimated 22 per cent...

EU backs polls by 2008

2007-06-09 00:00:00

The delegation of EU troika said Friday the European Union would be content if a date is found in 2008 for the elections in Bangladesh, reports UNB.After a meeting with Foreign Adviser Iftekhar Ahmed Chowdhury at his office, delegation leader...

Treatment of industrial, clinical waste must to protect environment

2007-06-09 00:00:00

FE ReportSpeakers at a seminar have suggested proper treatment and management of industrial and clinical waste to save the people from environmental degradation.They underscored the need for taking immediate action plan considering the adverse impact of global warming as the...

US court stays proceedings against Mohiuddin for 7 days

2007-06-09 00:00:00

A federal judge of California in the USA has stayed the deportation proceedings for seven days against Mohiuddin Ahmed, condemned convict in the Bangabandhu murder case, after fresh hearing of his case, reports UNB.In his ruling Thursday, the judge charged...

DCs asked to watch market prices

2007-06-09 00:00:00

The government has asked deputy commissioners (DCs) to keep a close eye on the market to rein in soaring prices of daily essentials, Cabinet Secretary Ali Imam Majumder said Friday. The instructions came at the final session of the district...