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Lehman in eye of storm as turmoil extends

2008-09-14 00:00:00

NEW YORK, Sept 13 (AFP): The turmoil surrounding embattled Wall Street giant Lehman Brothers extended yesterday as its share meltdown continued and the company and US government scrambled to find a buyer. Shares in Lehman fell 9.3 percent to 3.84...

Star World Mall launched in Gulshan

2008-09-14 00:00:00

Star World Mall, the latest one stop mall in the capital with its state-of-the-art out-fitting and exclusive collections of world famous brand items at an exciting price, was formally launched recently, said a press release. A grand opening was held...

Eurozone chief sees financial crisis dragging on for months

2008-09-14 00:00:00

NICE, France, Sept 13 (AFP): The current crisis roiling the financial sector is likely to drag on for many months to come, the chairman of the eurozone finance ministers warned yesterday. "I am really convinced that we are not at...

Oil leads commodity prices lower

2008-09-14 00:00:00

LONDON, Sept 13 (AFP): Crude oil futures slid to six- month lows below 100 dollars this week and many other commodities fell as the dollar rallied and surveys pointed to lower demand for raw materials amid an economic slowdown. Losses...

Dollar wilts on weak US retail sales, shift in Fed outlook

2008-09-14 00:00:00

NEW YORK, Sept 13, (AFP): The dollar stumbled yesterday on an unexpected fall in US retail sales in anxious trading reflecting market uncertainty surrounding the fate of ailing US investment giant Lehman Brothers. The euro jumped to 1.4229 dollars at...

Swedish clothing giant opens first shop in Japan

2008-09-14 00:00:00

TOKYO, Sept 13, (AFP): Swedish high-street clothing giant Hennes and Mauritz today opened its first outlet in Japan, where competition in the casual fashion industry is fierce. More than 3,000 people, mostly women in their 20s and 30s, queued at...

India rules out regulating steel prices

2008-09-14 00:00:00

NEW DELHI, Sep 13 (PTI): Ruling out any price band, the government yesterday said domestic steel prices should come down following the softening global trend. "We do not fix steel prices, and do not favour any price mechanism for the...

Public transport fares in Singapore up next month

2008-09-14 00:00:00

SINGAPORE, Sept. 12 (Xinhua): Singapore's fare-setting Public Transport Council today announced that it has given the green light for an overall public transport fare adjustment. The Council announced in a statement that it has allowed operators to raise bus and...

Taiwan seizes milk powder from China

2008-09-14 00:00:00

TAIPEI, Sept 13, (AFP): Taiwanese authorities today seized nearly 10 tonnes of milk powder imported from China which was suspected of killing one baby and sickening dozens there. "We seized 393 of the 1,000 bags of milk powder totalling 25...

Khan Brothers' eid special

2008-09-14 00:00:00

Khan Brothers crops up with a huge collection of different items of women's attire and accessories on the occasion of eid. It includes fashionable wedding sharee, kamiz, lehenga and purse with men's traditional outfit like sherwani, panjabi etc. Khan Brothers...

Square Pharma marks its footsteps in Hong Kong

2008-09-14 00:00:00

FE ReportSquare Pharmaceuticals Ltd, the market leader of the Bangladesh pharmaceutical industry and the first Bangladeshi pharmaceutical company to attain the UK MHRA certification has recently started exporting its world-class pharmaceutical products to Hong Kong, said a press release. Hong...

Summit Alliance IPO lottery month-end

2008-09-14 00:00:00

FE ReportThe lottery of Summit Alliance Port Limited (SAPL), country's first off-dock container terminal company to determine the successful applicants will be held during the 3rd week of this month.The company's subscription against shares worth Tk 100 million (face value...

Lower position in 'ease' of doing business index

2008-09-13 00:00:00

The lower position of Bangladesh in the latest joint report of the World Bank (WB) and the International Finance Corporation (IFC) on the ease of doing business in some 181 countries, merits consideration. This serves as a pointer to the...

Flood control through best management practices

2008-09-13 00:00:00

Md. KhalequzzamanFlooding and the solutions to it can or should be analysed in the context of three fundamental parameters: run-off, water carrying capacity, and land elevation changes. What is needed is analysis of land use practices in watersheds over the...

Dhaka's hopeless traffic jams stop everything but the clock!

2008-09-13 00:00:00

A H Jaffor UllahTRAFFIC hardly moves in Dhaka's main artery during rush hours. Some people from mercantile community would prefer to leave their house late in the morning to simply avoid the all too familiar rush hour traffic jams. Their...

Back to square one?

2008-09-13 00:00:00

Amirul IslamTHIS government which came to power with the pledge to combat corruption and reform the political system now looks 'long 0n promises, short on actions'. It is performing much below the expectations it had earlier raised. Within months remaining...

Developing the Bangladesh Railway

2008-09-13 00:00:00

EVER since the creation of Bangladesh, the Bangladesh Railway (BR) was treated in a step-motherly way. Nearly 85 per cent of the public development budget in the transportation sector was spent on developing the road networks. This fund denial for...

Weekly holiday Friday only

2008-09-13 00:00:00

THE weekly public holiday on Friday should be unchanged in the greatest interest of the people. I think people in general in Bangladesh would support my proposal.Habibur Rashid IsmailJamea Rahmania Fadil MadrasahChoitenyar Hat, Chittagong

Poison in food items

2008-09-13 00:00:00

FOOD sellers are reportedly using poisonous chemicals in food items to make them more attractive and saleable. This is a crime that goes on unabated, despite sporadic drives against its perpetrators by mobile courts.Mixing harmful colours in food items has...

Value Added Service (VAS) by mobile phones

2008-09-13 00:00:00

Ahmed Tareq Rashid In the last decade, mobile telecommunication networks have grown rapidly in Bangladesh. As of July 2008, there are approximately 44 million subscribers of mobile phones, which roughly represent a penetration rate of 30 per cent. At this...

Hazards of bottled energy and water

2008-09-13 00:00:00

Billy Ahmed There are many reasons why bottled water is bad. The problem lies in the water it uses for bottling as well as in the fact that tap water used by many fresh water bottlers must meet more rigorous...

Cutting poverty to the bone

2008-09-13 00:00:00

Jorge HeineAt a dinner party a few days ago a columnist and former diplomat asked me, --Has Chile joined the Left-ward trend in Latin America?" I replied, "Chile has been ruled by a Centre-Left coalition for 17 years, and its...

Do politicians need a code of conduct?

2008-09-13 00:00:00

Dr. Mohammed HossainAN article on the above-captioned issue was published by the Canadian Journal of Political Science 23 years ago. It presents an interesting reading. Michael M. Atkinson and Maureen Mancuso, two researchers of McMaster University and Oxford University, interviewed...

The world after September 11

2008-09-13 00:00:00

Syed Fattahul Alim The world is observing the 7th anniversary of the September 11 attack on the World Trade Centre, Pentagon and the crash of Flight 93 in Pennsylvania. Had the disaster taken place in any of the major cities...

Any US blunder in Pakistan could aid al Qaeda

2008-09-13 00:00:00

Simon Cameron-Moore Osama bin Laden and Ayman al Zawahri might allow themselves a mirthless smile at the thought of U.S. President George Bush unleashing U.S. commando raids in Pakistan without Islamabad's approval."They'd be gleefully looking at this as a great...

Can unity deal turn around Zimbabwe?

2008-09-13 00:00:00

Cris ChinakaZimbabwe's power-sharing deal faces a tough credibility test to determine whether it is enough to kick start the country's emergence from catastrophic economic collapse.President Robert Mugabe and opposition leader Morgan Tsvangirai agreed to share power on Thursday in a...

Bangladesh should demand compensation for the climatic peril thrust on it

2008-09-13 00:00:00

Enayet RasulThe international conference on climate change specially organized by the British government in cooperation with the Bangladesh government to help the latter to cope with the adverse affects to be faced from global climate change, has started in London...

North Korea merges into Asia

2008-09-13 00:00:00

Shi YongmingOn July 24, North Korea signed the Treaty of Amity and Cooperation in Southeast Asia (TAC), marking the strengthened relations between North Korea and the Association of Southeast Asian Nations (ASEAN). The question now is, how much will North...

Russia will accept South Ossetia - but quietly

2008-09-13 00:00:00

Tony HalpinSouth Ossetia has never made any secret of the fact that it wishes to reunite with its ethnic brethren in North Ossetia. It has said this consistently since breaking away from Georgia in the early 1990s - and, given...

Indonesia mud lake draws tourists to disaster zone

2008-09-13 00:00:00

Ed DaviesMud tourism is about the only thing that is flourishing in Porong, an East Java suburb that two years ago became a disaster zone when hot volcanic mud began spewing from the site of a gas exploration well.Today, the...