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China to buy B'deshi goods worth $80m

2008-10-14 00:00:00

Chinese importers will sign several contracts today (Tuesday) to import Bangladeshi products worth US$ 80 million to reduce the huge trade imbalance against Dhaka. The Chinese entrepreneurs will buy jute and jute-goods, marine products and leather from their Bangladeshi counterparts...

Export-import activities thru' Bhomra halted

2008-10-14 00:00:00

Export and import activities through the Bhomra landport came to a halt Sunday due to indecision of Indian C and F Agents Association. — UNB

4 bodies found after Buriganga collision

2008-10-14 00:00:00

Four bodies were recovered in a search operation up to Monday night following a collision on the Buriganga in the city's Mohammadpur area in the early morning. Kamal Mea, who was travelling on the Muktadi-2 when it went down, said...

Govt seeks list of graft convicts from ACC

2008-10-14 00:00:00

Amid controversy over convicts' participation in the upcoming elections, the government has sought from the Anti-Corruption Commission (ACC) a list of individuals who have so far been convicted by trial courts in the graft cases filed by the Commission, reports...

Wage hike off agenda as garment owners count fallout of global financial meltdown

2008-10-14 00:00:00

Mushir AhmedPromise of a wage hike for the country's more than 2.5 million garment workers have been pushed off the agenda, as the factory owners were busy calculating the fallout of the global financial crisis on their exports.While the buying...

EC extends deadline to Oct 20

2008-10-14 00:00:00

Responding to the BNP-led four-party pressure, the Election Commission has decided to extend the deadline for parties to apply for registration, by five days to Oct 20, reports UNB/bdnews24.com. "The EC has decided to extend the deadline for parties by...

IFC to scale up support to SME, BBBF, RRC in Bangladesh

2008-10-14 00:00:00

International Finance Corporation (IFC), the private sector arm of the World Bank group, has assured Bangladesh of scaling up its support to the small and medium enterprises (SMEs) and to the financial institutions engaged in SME lending, reports UNBIt would...

Foreign importers offer less prices for local frozen food products

2008-10-14 00:00:00

FHM Humayan KabirForeign importers are offering less prices for the local frozen food products this season besides reducing the order quantity creating deep concern among the country's exporters.Maksudur Rahman, a Chittagong-based frozen food exporter told the FE Monday that some...

High-profile EBF delegation due in city Oct 26

2008-10-14 00:00:00

FE ReportA high-profile delegation of the newly formed trade body styled 'The European Bangladesh Federation of Commerce and Industry (EBF)' will arrive in Dhaka on October 26 to foster business relations and explore trade and investment opportunities between European Union...

AL constitution keeps associate, foreign wings

2008-10-14 00:00:00

The Awami League (AL) has amended its party constitution, keeping a provision for associate organisations and foreign outfits, the AL acting president announced Monday, reports bdnews24.com. "A meeting of the party's central working committee (CWC) has approved the proposed amendment...

Govt. to act promptly for saving jute

2008-10-14 00:00:00

JUTE was once known as the Golden Fibre of Bangladesh, because it earned a lot of hard currency for the country. It was, in fact, the main foreign exchange earner for the country. The cash-strapped farmers, who grew jute, did...

Tax revenue need not be a one-way traffic

2008-10-14 00:00:00

Shamsul Huq Zahid THE government does need money to run its countrywide administrative network, no matter how sloth and ineffective it is. And taxes and duties levied by the government remain to be the main sources of earning to foot...

Election candidates:Enforcing an uniform standard

2008-10-14 00:00:00

Md AlimullahMANY candidates who got clearance from the Election Commission (EC) for contesting the municipal polls were reported to be accused in criminal cases. The added, amended or newly drawn up rules of the Election Commission (EC) related to the...

Mud slinging in politics

2008-10-14 00:00:00

Many people are of the opinion that our politicians should refrain from mud slinging. They say that this is the very practice that goads the followers of those politicians to passionately extend the insulting epithets to the opposition. There is...

More parks for Dhaka city

2008-10-14 00:00:00

THE Dhaka city has fewer parks than what it needs. Except Ramna, Gulshan-2 and Chandrima Uddyan, there is no big park in the capital for the people to go. People cannot go to the botanical garden and the Baldha garden...

Integrity of teachers

2008-10-14 00:00:00

An honest teacher can play a great role in society. On the other hand, a dishonest teacher can provoke his/her students to do misdeeds. Lately, the sexual harassment of students is one of the most heinous crimes committed by a...

Poverty as structural injustice

2008-10-14 00:00:00

Prof. Rehman SobhanTHE international development community (IDC) has become much more conscious and committed towards ending the scourge of poverty. However, initiatives to reduce poverty, whether through the Millennium Development Goals (MDGs) or the Poverty Reduction Strategy Papers (PRSPs), through...

Seafood export from Bangladesh

2008-10-14 00:00:00

M. H. BariBANGLADESH is a densely populated country and has many problems like extreme poverty, high rate of illiteracy, extensive nepotism, corruption, political turmoil and poor governance, etc. We are also lagging behind in trade and commerce. The yawning gap...

Forgotten police reforms

2008-10-14 00:00:00

Ariful Haque THE incumbent government made a pledge to the police. Countrymen were reassured from time to time during the last one and a half years that sweeping police reforms would be carried out. The declared objectives were to free...

'Global financial crisis to put poor countries' economic gains at risk'

2008-10-14 00:00:00

WASHINGTON, Oct 13 (AFP): Developing countries complained yesterday that the global financial crisis will put their recent hard-won economic gains at risk while the rich nations focus only on their own problems. The poorer countries could be hit twice by...

China to double income of farmers by 2020

2008-10-14 00:00:00

BEIJING, Oct 13 (PTI): China yesterday said it would double the income of farmers by 2020 and announced radical land reform measures to maintain double-digit gross domestic product (GDP) growth and ward off the effects of the global economic meltdown....

Govts bail out banks to avert global meltdown

2008-10-14 00:00:00

LONDON, Oct 13 (Reuters): Governments across the world moved Monday to shore up confidence in the tottering global financial system with a slew of bank bailouts worth hundreds of billions of dollars.The moves were designed to stave off the world's...

IMF chief welcomes European bank rescue plan

2008-10-14 00:00:00

PARIS, Oct 13 (AP): The head of the International Monetary Fund (IMF) welcomed a European bank rescue plan Monday despite its high cost, and predicted that weekend efforts by world leaders would soothe anxious global markets."I don't think there's a...

China posts another record trade surplus in Sept

2008-10-14 00:00:00

BEIJING, Oct 13 (AFP): China said today its trade surplus hit a monthly all-time high of 29.3 billion dollars in September, although it was down slightly for the first three quarters of the year. Exports in September reached 136.4 billion...

India will seek more border trade centres with Myanmar

2008-10-14 00:00:00

NEW DELHI, Oct 13 (PTI): India will seek two more border trade centres with Myanmar in the north-eastern states of Manipur and Mizoram but Arunachal Pradesh will be kept out of the proposal owing to security reasons. The issue will...

Oil higher after world leaders pledge to tackle global crisis

2008-10-14 00:00:00

SINGAPORE, Oct 13 (AFP): Oil prices were higher in Asia today after world leaders united to tackle a global financial crisis engulfing Europe and the United States, analysts said. New York's main contract, light sweet crude for delivery in November...

Dollar down in Asian trade

2008-10-14 00:00:00

SINGAPORE, Oct 13 (AFP): The dollar was lower in Asian trading today with investor confidence still muted despite a pledge by Group of Seven (G7) finance chiefs to support major banks amid the financial crisis, dealers said. In afternoon trading,...

Best Air to launch flights to S'pore, KL from Oct 20

2008-10-14 00:00:00

FE Report Best Air Monday announced that it would launch flights to other destinations - Singapore and Kuala Lumpur - from October 20.M Haideruzzaman, chairman and chief executive officer of the airlines said this at a press briefing held at...

India's humble rickshaw goes solar

2008-10-14 00:00:00

NEW DELHI, Oct 13 (AFP): It's been touted as a solution to urban India's traffic woes, chronic pollution and fossil fuel dependence, as well as an escape from backbreaking human toil. A state-of-the-art, solar powered version of the humble cycle-rickshaw...

Malaysia attacks palm oil stockpile by raising exports

2008-10-14 00:00:00

KUALA LUMPUR, Oct 13 (AFP): Malaysia, the world's second- largest palm oil producer, will hike exports by 50 per cent to reduce a "worrying" stockpile causing by slowing demand, Plantations Minister Peter Chin said today. Chin said stocks currently stood...