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Rise in diesel consumption and market-based pricing of fuel oils

2008-09-15 00:00:00

Shamsul Huq Zahid THE persistent power shortage, in addition to causing physical sufferings to power subscribers across the country, has been taking a heavy toll on the economy since long. Frequent power outages have been causing disruption to production in...

Crime of breeding fish in sewer lagoons

2008-09-15 00:00:00

Fazal MahmoodTHE sewer lagoons where fishes were bred and marketed for consumption of unsuspecting people, who such fishes day after day, were brought under law enforcement measures last year for the first time since this practice started years ago. Some...

Security of garments industries

2008-09-15 00:00:00

The government must conduct investigations comprehensively and effectively at the fastest into various incidents of trouble in the garments industries, identify clearly the ones who encouraged them and take swiftly the sternest uncompromising actions against them. The government must take...

Eid-E-Azam

2008-09-15 00:00:00

'Eid-E-Azam' means the centre of the lights of life in the dark world, the shelter of freedom from the hand of false, the key centre of truth, the centre of existence of the Iman (Faith), and the principal guidance for...

How long will early marriage continue?

2008-09-15 00:00:00

Despite several decades of campaign to stop early marriage, still wedding of 52.5 per cent of girls, before they turn 15, is reported. The rate was the highest in Bangladesh, out of 15 sub-Saharan, South Asian and Central American countries....

Profession and professionalism

2008-09-15 00:00:00

Dr. Mohammed HossainIT has been argued by the elite or members of the civil society that there is absence of professionalism in different professions of the country. Due to the absence of the professionalism in our work, citizens of this...

Muslim women's courage to change

2008-09-15 00:00:00

Shobha SV from New DelhiK.S. Saleeka, the only Muslim MLA from Kerala who fulfilled her political ambitions despite family opposition, Orissa's Nazma Bibi, who challenged religious diktat to remain married to her husband, and Gujarat riot victim, Shakeela Begum, who...

Awareness needed to protect hilsa

2008-09-15 00:00:00

Lubana Yasmin Palia"The days of delicious Hilsa are over for us," bemoans Abdul Karim, an NGO worker, who lives at a village in the vicinity of the Padma River, known for Hilsa, a popular tropical fish of clupeidae family."It's my...

FTA with India

2008-09-15 00:00:00

Amin IbrahimINDIA already has free trading arrangements with some of its other neighbours. Sri Lanka, for example, signed a free trade agreement (FTA) with India and this led to substantial increases in Sri Lankan exports to India and notably increased...

Economic damage from Ike may be less than feared

2008-09-15 00:00:00

DALLAS, Sept 14 (AP): A small change in Hurricane Ike's course just before it crashed into the Texas coast Saturday may have spared the state and the nation from significantly worse economic damage.The centre of the storm appeared to miss...

Philippines inflation to put brakes on historic economic growth

2008-09-15 00:00:00

MANILA, Sept 14 (AFP): After 2007 saw the best economic growth in three decades, the Philippines is now struggling to control surging inflation, meaning interest rates may have to rise, putting a cap on recent successes. Economists and businessmen agree...

US, China top-level trade talks tomorrow

2008-09-15 00:00:00

WASHINGTON, Sept 14 (Internet): The United States and China hold cabinet-level trade talks in California Tuesday amid tensions over China's massive export surplus and worries about the slowing global economy.The talks come in the sunset of George W Bush's Republican...

IMF downgrades S Korea's economic growth to 4.1pc

2008-09-15 00:00:00

SEOUL, Sept 14 (Xinhua): The International Monetary Fund (IMF) changed its projection of the South Korea's economic growth for this year to 4.1 per cent, down 0.1 percentage from its prediction five months ago, the South Korea's Yonhap new agency...

EU finmins conclude meeting with measures to tackle slowdown

2008-09-15 00:00:00

NICE, France, Sept 14 (Xinhua): European Union (EU) finance ministers concluded their informal meeting (ECOFIN) here Saturday after producing four pillar measures to tackle economic slowdown and turmoil in financial markets. After two-day discussions of the economic situation in Europe,...

Asian currencies fall against dollar

2008-09-15 00:00:00

HONG KONG, Sept 14 (AFP): Asian currencies ended the week down against the dollar after the US took over two ailing mortgage giants and as hopes rose for a rescue package for troubled investment bank Lehman Brothers. JAPANESE YEN: The...

Discount on Walton motorcycles over Eid celebration

2008-09-15 00:00:00

FE ReportWalton offered a special discount on motorcycles ahead of Eid-ul-fitr. The offer will be valid till October 15 at any showroom of the company.Moreover, a customer will also get a DVD player free while buying a motorbike. This offer...

Vegetable oil prices to keep sliding in China in short run

2008-09-15 00:00:00

BEIJING, Sept.14 (Xinhua): Vegetable oil prices on China market may keep falling in the near future due to a number of unfavorable factors on the domestic market. First, the spending spree on vegetable oils has not come as expected with...

World Water Congress urges more attention to developing countries

2008-09-15 00:00:00

VIENNA, Sept. 14 (Xinhua): International water experts attending the 6th World Water Congress said on Friday that more attention should be given to problems in the developing countries, including those with regard to water supplies and sanitation. It is estimated...

Growth in China's textile, clothing exports continues to slow down

2008-09-15 00:00:00

BEIJING, Sept.14 (Xinhua): China continued to see a slowdown in export of textiles and garments in the first eight months of this year, due largely to weak demand resulting from economic downturn in the euro zone and the United States,...

Book building method by yr-end: SEC chief

2008-09-15 00:00:00

FE ReportThe Securities and Exchange Commission (SEC) will introduce the book building method for IPO (initial public offering) pricing by the end of this year to attract big issues in the stock market."The scientific price mechanism-book building method-will be introduced...

Book building method by yr-end: SEC chief

2008-09-15 00:00:00

FE ReportThe Securities and Exchange Commission (SEC) will introduce the book building method for IPO (initial public offering) pricing by the end of this year to attract big issues in the stock market."The scientific price mechanism-book building method-will be introduced...

Call rate rises, dollar stays steady

2008-09-15 00:00:00

FE Report The inter-bank call money rate gained ground Sunday due to pressure on liquidity with withdrawal of cash through treasury bills. The US dollar, however, remained unchanged against Bangladesh taka (BDT) in the inter-bank foreign exchange market because of...

Govt borrows Tk 4.0b thru' auctions of treasury bills

2008-09-15 00:00:00

FE ReportThe government borrowed Tk 4.00 billion (400 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 4.00 billion from the market in the week.The central bank conducted auctions of 91-day and 364-day bills on...

IBBL holds discussion on Waqf, Zakat

2008-09-15 00:00:00

FE ReportSpeakers at a discussion said combination of micro-finance with Waqf, Sadaqah and Zakat can bring diversity and help in poverty alleviation, which is not possible by the traditional micro-financing.Islami Bank Bangladesh Limited (IBBL) organised the discussion on "Role of...

$130m WB food support credit for Bangladesh

2008-09-15 00:00:00

FE Report The Bangladesh government successfully concluded negotiations with the World Bank (WB) for a US$130 million Food Crisis Development Support Credit. The proposed programme will assist the Bangladesh government to implement its on-going policies and pro-poor programmes to cope...

Skills to process public-private partnership projects stressed

2008-09-15 00:00:00

FE ReportThe Board of Investment (BOI) organised a workshop on 'Private sector infrastructure guidelines (PSIG)' at Hotel Peninsula International in Chittagong recently. It was sponsored by IPFF cell of Bangladesh Bank and facilitated by Infrastructure Investment Facilitation Center (IIFC). The...

MetroNet Bangladesh hosts Iftar Party for its clients

2008-09-15 00:00:00

MetroNet Bangladesh Limited, a fibre optic data communication service provider and ISP in Bangladesh, organised an Iftar Party for its corporate clients in the city Sunday. Chairman of MetroNet Bangladesh Limited Feroz Rahim in his address reiterated to consolidate the...

Names of 'Buy Nokia and fly to Bangkok' promotion announced

2008-09-15 00:00:00

Nokia recently announced the names of the second round winners of the 'Buy Nokia and fly to Bangkok' promotion that began in June 2008. The promotion offered buyers of any Nokia device from ten selected outlets of the company a...

Relocated, extended Singer Plus shops in Narail, Jhenaidah

2008-09-15 00:00:00

Two Singer Plus shops were opened in relocated and extended premises in Narail and Jhenaidah. Director and Chief Operating Officer of Singer Bangladesh Limited AM Hamim Rahmatullah formally inaugurated Singer Plus shop in relocated location in Narail Bazar and extended...

corporatewatch

2008-09-15 00:00:00

Bd Welding recommends 5pc cash dividendThe board of directors of Bangladesh Welding Electrodes has recommended 5.0 per cent cash dividend (for general shareholders only) for the year that ended on December 31, 2007. The annual general meeting of the company...