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Pakistan gunships pound Taliban, Al-Qaeda amid US pressure

2007-08-11 00:00:00

MIRANSHAH, Aug 10 (AFP): Helicopter gunships pounded militant hideouts in northern Pakistan as the military scoured mountains Friday for 16 missing soldiers believed kidnapped by Taliban rebels. As the US called for greater efforts against militants using Pakistan's remote Hindu...

Heavy fighting breaks out in Mogadishu

2007-08-11 00:00:00

MOGADISHU, Aug 10 (AFP): At least four Somalis were killed Friday as heavy fighting broke out in the capital Mogadishu between insurgents and the Ethiopian-backed government forces, police and witnesses said. The news agency reporter in Mogadishu described the clashes...

DPRK warns of countermeasures against US-ROK military drill

2007-08-11 00:00:00

SEOUL, Aug 10 (AFP): North Korea said today it would take strong countermeasures against a major US-South Korean military exercise later this month, warning that the drill could disrupt a nuclear disarmament deal. "The KPA (North Korea's army) will actively...

UN council to vote on Iraq resolution

2007-08-11 00:00:00

UNITED NATIONS, Aug 10 (AP): US Ambassador Zalmay Khalilzad said a resolution that would expand the UN mandate in Iraq will internationalise the effort to assist Iraqis in overcoming their internal differences and bringing neighboring countries together to help the...

Extreme floods hit 500m people a year

2007-08-11 00:00:00

UNITED NATIONS, Aug 10 (Reuters): Homes and farmland drowned in increasingly severe floods are affecting some 500 million people a year and straining relief efforts, a senior UN official said Thursday. Deaths have been reduced because of early warning systems...

Child abuse hits record high in Japan

2007-08-11 00:00:00

TOKYO, Aug 10 (AFP): A record 157 children fell victim to abuse in the first half of this year in Japan, police said Friday, as gruesome cases shocked the nation. Eighteen of the children died. The 157 abused children represented...

Two bodies recovered from US bridge collapse

2007-08-11 00:00:00

MINNEAPOLIS, Minnesota, Aug 10 (AFP): Two bodies were found Thursday in the wreckage of a bridge that collapsed over the Mississippi river more than a week ago, raising to seven the death toll from the accident in the northern US...

US ambassador meets Nepali PM

2007-08-11 00:00:00

KATHMANDU, Aug 10 (Xinhua): A day after she presented her credentials amidst a function, the new United States ambassador to Nepal Nancy J Powell held a meeting with Nepali Prime Minister Girija Prasad Koirala Friday morning. After the meeting with...

Diana's brother considered writing princess's biography

2007-08-11 00:00:00

LONDON, Aug 10 (AFP): The brother of the late princess Diana revealed Thursday that he has considered writing a biography about his sister, in the run-up to the 10-year anniversary of her death. Speaking to the BBC, Spencer said that...

Six dead, one missing in Philippines storms

2007-08-11 00:00:00

MANILA, Aug 10 (AFP): Storms in the northern Philippines have left six people dead, with another missing, after triggering landslides and floods, the civil defence office said Friday. Seven other people were hurt and nearly 12,000 people fled their homes...

Prices of essentials still high in city markets

2007-08-11 00:00:00

FE ReportPrices of essential commodities maintained their previous high over the past week due to short supply of such items in the city markets because of countrywide massive flood.The crop lands of the vegetable growing districts like Narsingdi, Manikganj and...

ICB AMCL declares NAV of two unit funds

2007-08-11 00:00:00

FE ReportICB AMCL, a subsidiary of the Investment Corporation of Bangladesh (ICB), has declared the net asset value (NAV) of its two unit funds.The total NAV of the ICB AMCL Unit Fund stood at Tk 46,57,45,012.84 on the basis of...

Mutual Trust Bank, DCL sign consultancy service deal

2007-08-11 00:00:00

FE ReportMutual Trust Bank Ltd (MTBL) and Dexterous Consultants Ltd (DCL) have recently signed an agreement under which DCL will provide the bank with consultancy service for construction of the MTBL head office building at Kazi Nazrul Islam Avenue in...

weekly currency roundup

2007-08-11 00:00:00

Commercial Bank of CeylonAugust 05 -- August 09, 2007Last week, the local USD/BDT market was quite active. The volume of transaction was lower than that of the previous week. Banks were efficiently matching their import payments with the inward remittances...

Call rate remains steady

2007-08-11 00:00:00

Sarwar ZahanThe inter-bank call money rate was steady last week repeating the previous week's trend although the central bank withdrew large amounts of cash through auctions of reverse repurchase agreement (repo), treasury bills and Bangladesh Bank (BB) bills and Bangladesh...

Tania Textiles, Chinese co sign business dev deal

2007-08-11 00:00:00

FE ReportTania Textiles Ltd (TTL) and China-based Regent Ken International Ltd (RKIL) have signed a MOU about business development, in the city recently.TTL Deputy Managing Director Md Ashik Hossain and RKIL President Xu Gang signed the deal on behalf of...

Karnaphuli Ins holds half-yearly branch confce

2007-08-11 00:00:00

FE ReportHalf-yearly branch conference - 2007 of Karnaphuli Insurance Co Ltd (KICL) was held recently in the city.KICL Chairman Nizamuddin Ahmed was present in the conference as the chief guest, whereas its outgoing managing director Md Aliuzzaman Khan presided over...

People of Noakhali suffering because of poor infrastructure

2007-08-11 00:00:00

Naim-Ul-KarimBack from Noakhali Poor infrastructure, including communication, remains the major impediment to the growth of the rural economy in the districts of Bhulua, currently known as greater Noakhali. Noakhali, one of the oldest districts of the country which was established...

BATB stands beside flood-affected people

2007-08-11 00:00:00

FE ReportThe British American Tobacco Bangladesh (BATB) has taken up a programme to help the flood-affected people in Manikganj. More than 70 tonnes of food and medicines will be distributed among some 25000 people of 5000 families in the district....

BB decides to stamp 'innovative' forgery out of banking sector

2007-08-11 00:00:00

FE Report The Bangladesh Bank (BB) has decided to stop opening letters of credit (L/Cs) by "fake" sister concerns of a single business group to put a lid on the "innovative" forgery in the banking sector.The decision came following a...

Tk 2.0b loss in fisheries sector, damage to agriculture yet to be assessed

2007-08-11 00:00:00

The monsoon floods that devastated the country's 38 districts for over a week cost the fisheries sector alone Tk 2.0227 billion (202.27 crore) in fish damage, reports UNB."Some 32,620 metric tonnes (mts) of fish, 583 mts of shrimp and 462.20...

NGOs receive poor response from donors for flood relief

2007-08-11 00:00:00

S M JahangirNon-governmental organisations (NGOs) working in Bangladesh are yet to draw sufficient foreign fund for the current flood-related relief operations and rehabilitation activities.Expressing their worries over the poor inflow of foreign donations for the country's flood victims, officials of...

Flood death toll now stands at 226

2007-08-11 00:00:00

Government officials said 16 more people were reported to have died in 24 hours until 11:00 am Friday taking the death toll to 226 in the current flooding across the country, reports UNB.The death toll was 210 until Thursday morning,...

Major parties bury debates to join in relief work

2007-08-11 00:00:00

Major political parties including Awami League and BNP have buried the debates with the government over using party banners to launch relief operations among the flood victims, reports UNB.Under the state of emergency, the government prohibited use of party banners...

Over 500 RMG units go out of operation in 7 months

2007-08-11 00:00:00

Jasim Uddin Haroon Around 535 garment factories out of about 4000 in Dhaka and Chittagong went out of operation during the last seven months, according to a survey carried out by the Bangladesh Garment Manufactures and Exporters Association (BGMEA) recently."We...

NBR dispels confusion about legalising undisclosed income

2007-08-11 00:00:00

FE Report The National Board of Revenue (NBR) has clarified its July 31 announcement regarding disclosure of earlier undeclared income and assets to dispel any confusion among the people. The directives of NBR for declaration of the undisclosed income and...

Corruption threat to India flood aid

2007-08-11 00:00:00

Amy Yee, FT Syndication ServiceNEW DELHI: Humanitarian aid intended to help nearly 20m victims of India's worst floods for years is in danger of being siphoned away by corruption, according to human rights activists.Altogether, more than 30m people across India,...

Asian stocks plunge on credit fears

2007-08-11 00:00:00

TOKYO, Aug 10(Agencies): Asian stocks plunged Friday as fallout spread across the region from global market turmoil set off by a US mortgage problem. News that the US, Eurozone, Japanese and other central banks had pumped massive amounts of cash...

S Arabia donates $50m for flood victims

2007-08-11 00:00:00

Saudi King Abdullah ordered the Ministry of Finance to provide immediate assistance of $50 million to Bangladesh that suffered huge losses of human life and property in the current floods. Quoting a statement of the Royal Court on Thursday the...

Cooperative mkt of fresh foods in city

2007-08-11 00:00:00

A cooperative marketing, initiated by a group of young professionals, was introduced in the city Friday to ensure fresh and organic foods at a reasonable price for the consumers. The organisers jointly inaugurated a stall, first of its kind, at...