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Duty-free imported fabrics find their way into local market

2007-08-12 00:00:00

Jasim Uddin Haroon The government is being deprived of a large amount of revenue every year as fabrics imported duty-free by export-oriented garment companies find their way into the local market, according to customs intelligence sources. Such fabrics worth around...

developments in the region and abroad

2007-08-12 00:00:00

Two female Koreans to be freed: Taliban GHAZNI (Afghanistan) (AP): A Taliban spokesman said Saturday that two sick, female South Korean hostages would be released "soon" for the sake of good relations between the Taliban and South Korea. Neither the...

Army chief distributes relief among flood victims in Demra

2007-08-12 00:00:00

Chief of Army Staff General Moeen U Ahmed Saturday visited the flood-affected area in Demra on the eastern outskirts of the capital and distributed relief among the flood victims, reports UNB.The Army Chief inquired about condition of the flood victims...

Preconditions for accelerated growth

2007-08-11 00:00:00

The official projected growth rate for the economy in fiscal year (FY) 2007-08 is 7.0 per cent or near that figure. But real worries are surfacing whether this growth rate would be attainable. The flood now would come in handy...

Harvesting the crop of remittance gainfully

2007-08-11 00:00:00

Syed Fattahul AlimThe government often speaks highly of the non-resident Bangladeshis for their huge contribution to the economy. The contribution, as everyone is well aware of, comes in the form of the huge quantity of foreign exchange they send home...

Will the contractionary monetary policy deliver?

2007-08-11 00:00:00

Ahmed Showkat MasudTHE latest decision of the Bangladesh Bank to increase the required reserve ratio and maintain it up to December 2007 demands a more cautious handling of asset-liability management by the commercial banks. Such banks cannot control the market-based...

Extreme weather across the globe

2007-08-11 00:00:00

Mark Turner THE world this year has suffered record-breaking weather extremes in almost every continent, the United Nation's World Meteorological Organisation (WMO) has warned, with global land temperatures reaching their highest levels since records began in 1800.The floods, droughts, heatwaves...

Little benefit from submarine cable connection

2007-08-11 00:00:00

THE Internet service providers (ISPs) give out enticing advertisements that they provide fast-speed access to the Internet through the submarine cable connection. In reality, the clients of the ISPs find no difference really after the submarine cable connection. They say...

Weakening law and order ?

2007-08-11 00:00:00

FIVE murders were reported in Dhaka city in the recent times. One of them involved the slitting the throat of a female lawyer. Another involved the slaying of a college going girl. A number of sensational robberies also occurred in...

US troops must go, Iran tells Iraqi PM

2007-08-11 00:00:00

TEHRAN, Aug 10 (AFP): Iran's leaders Thursday told visiting Iraqi Prime Minister Nuri al-Maliki that US troops must leave his country, in talks that reinforced growing bilateral ties and sparked unease in Washington. Following a renewed warning from President George...

FDI: A dynamic growth engine for emerging economies

2007-08-11 00:00:00

Md. Salim Uddin FCA, FCMA, MBA THE major change in international business activity in the post-world war II era involved the shift away from an emphasis on trade as international business in favour of direct foreign investment, joint ventures and...

FDI: A dynamic growth engine for emerging economies

2007-08-11 00:00:00

Md. Salim Uddin FCA, FCMA, MBA THE major change in international business activity in the post-world war II era involved the shift away from an emphasis on trade as international business in favour of direct foreign investment, joint ventures and...

The general and the west: how Pakistan is being lost

2007-08-11 00:00:00

David Gardner FOR a good while now it has been hard to see what the point of General Pervez Musharraf is.When he took power in a bloodless coup eight years ago, many Pakistanis dared to hope for an end to...

Facing floods locally and globally

2007-08-11 00:00:00

Syed Fattahul AlimIn the latest cycle of recurrently visiting flood in Bangladesh some 10 million people belonging to 2 million households have been affected in 38 districts. So, far more than 210 people have died of waterborne diseases and other...

Good governance in Bangladesh and my cogitation

2007-08-11 00:00:00

Jubaida Raushan AraIn Bangladesh, all the internal and external actors of politics, administration and development are emphasizing the need for good governance. A dramatic change has come in public administration and the paradigm shift towards good governance and sustainable developments....

Economic outlook in 2007-8

2007-08-11 00:00:00

Enayet RasulThe Bangladesh economy grew above 6 per cent in the financial year 2006-7. This was a matchless record for the economy has been averaging growth of 5 per cent or a little above in the present decade . The...

Less salt, please

2007-08-11 00:00:00

Salt makes its way into the paddy of coastal Bangladesh every which way. During the dry season, when the flow of fresh water out to the mouth of the Ganges is weakest, saltwater rides inland on the tide and saline...

Oil search plans fuel tensions on Cyprus

2007-08-11 00:00:00

Tensions on the ethnically partitioned island of Cyprus could come to a head next week with Nicosia's plans to proceed with oil and gas exploration in the eastern Mediterranean. The internationally-recognized Greek Cypriot government plans to accept applications from interested...

Sermon makes quiet history

2007-08-11 00:00:00

V Radhika In a world that is still witnessing a great deal of Islam-bashing, the recent Id celebrations in a Toronto mosque made history quietly. A young woman, Maryam Mirza, 20, led part of the Id sermon; and another woman,...

Turkey begins fightback after 'mini crisis'

2007-08-11 00:00:00

Vincent Boland in TurkeyTurkey's army of local investors was given a taste of old times earlier this month, after the consumer finance division of Koc Holding, the country's largest conglomerate, offered for sale the first corporate bond issue in nearly...

South Korea still inviting despite recent blows

2007-08-11 00:00:00

Song Jung-aInvestors on the hunt for emerging market opportunities should take a close look at South Korean stocks, which were badly hit during the turmoil earlier in the year but could be set for a strong rebound.Foreign investors bailed out...

The allure of emerging markets

2007-08-11 00:00:00

Joanna Chung in London Since late last year, foreign investors have been stuffing themselves with kwacha.Though it sounds like an exotic fruit, the kwacha is in fact the currency of Zambia, now seen by some investors as one of the...

Water companies benefiting from shortages

2007-08-11 00:00:00

Leslie Crawford in Barcelona Opportunities for water companies are booming around the world because of looming shortages and decades of underinvestment, a conference in Barcelona heard last April.China, Saudi Arabia and Algeria, where water shortages have become acute, are placing...

Melting glaciers threaten agricultural land

2007-08-11 00:00:00

Fiona Harvey, Environment CorrespondentMelting glaciers will reduce the amount of water available for agriculture in some areas of the world in the future, while rising sea levels will contaminate coastal groundwater supplies, according to scientists studying the effect of climate...

Migrant workers' dramatic quest for equality

2007-08-11 00:00:00

Kalinga SeneviratneFor 12 years Siti Muyasaroh slaved as an underpaid and overworked housemaid in this affluent South-east Asian nation. Still, during that time, she completed a nursing aid course and acquired a diploma in business English from a British university....

'Plan against iran may trigger arms race'

2007-08-11 00:00:00

Analysis by Meena JanardhanThe new United States plan to sell arms to Saudi Arabia and other allies in the Middle East to counter growing Iranian influence could trigger an arms race and worsen instability in an already volatile region, say...

Drip Irrigation-answer to water shortages

2007-08-11 00:00:00

Irfan Ahmed ChaudhuryFaced with acute water shortages, the Pakistan government has launched a 1.3 billion US dollar subsidised drip irrigation programme that could help reduce wastage over the next five years. According to Pakistan's latest economic survey released in June,...

India escapes subprime turbulence

2007-08-11 00:00:00

Joe Leahy in MumbaiFor some in India, the chills emanating from the sub-prime mortgage market in the US might be a cause for concern. But Chanda Kochhar, deputy managing director of ICICI Bank, India's largest private financial group, says that...

China's dangerous rich

2007-08-11 00:00:00

Paul MaidmentChina's leaders have for a while now been concerned about the rising level of social unrest in the countryside, which has played second fiddle to the cities as the economy has grown rapidly. Newly published numbers in the latest...

US troops must go, Iran tells Iraqi PM

2007-08-11 00:00:00

TEHRAN, Aug 10 (AFP): Iran's leaders Thursday told visiting Iraqi Prime Minister Nuri al-Maliki that US troops must leave his country, in talks that reinforced growing bilateral ties and sparked unease in Washington. Following a renewed warning from President George...