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Bangladesh gets into Trans-Eurasia information network

2008-08-12 00:00:00

Bangladesh gets into Trans-Eurasia Information Network (TEIN3) to derive immense benefits in spheres of research and education, enhance global connectivity, and get high-speed connection to the information superhighway, reports UNB.The national taskforce on ICT affairs Monday approved a proposal to...

Singapore key exports could fall as global economic slowdown takes toll on SE Asia

2008-08-12 00:00:00

SINGAPORE, Aug 11 (AFP): Singapore said today its key exports could fall up to four per cent this year as a global economic slowdown takes its toll on Southeast Asia's most advanced economy.The city-state's main non-oil domestic exports could fall...

Tendulkar ruled out of ODI series

2008-08-12 00:00:00

Sachin Tendulkar will not play the ODI series in Sri Lanka after sustaining an injury to his left elbow during the third Test in Colombo. S Badrinath, the Tamil Nadu batsman, is likely to be his replacement. reports Cricinfo."I spoke...

Grameen One: Scheme Two IPO lottery Thursday likely

FE Report | 2008-08-12 00:00:00

Lottery for share allotment of the Grameen One: Scheme Two, the second scheme of Grameen Mutual Fund One, will be held Thursday, subject to the approval of Securities and Exchange Commission (SEC), officials said Monday.The largest initial public offering (IPO)...

Sandhani Life Ins approves 25pc stock dividend

2008-08-12 00:00:00

The 18th annual general meeting (AGM) of Sandhani Life Insurance Company Limited has approved 25 per cent stock dividend (bonus share) for the year that ended on December 31, '07.The AGM was held in the city recently. Chairman of the...

BPC to import 0.15m tones of oil from Maldives

FE Report | 2008-08-12 00:00:00

The government Monday allowed the state-owned Bangladesh Petroleum Corporation (BPC) to import 0.15 million tonnes of refined oil from the Maldives by December, a senior official said."The council committee on economic affairs at a meeting today has waived a provision...

BGMEA blames vested quarters for labour unrest

FE Report | 2008-08-12 00:00:00

The country's nearly $11 billion export-oriented garments sector will face a 'severe blow' if the government fails to take stern action against the 'trouble-makers', the industry warned Monday.President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Anwar Ul Alam...

Rawalpindi unlikely to host Champions Trophy

2008-08-12 00:00:00

The ICC delegation in Pakistan to review the security arrangements for the Champions Trophy has all but ruled out Rawalpindi as a venue for the tournament after being briefed by the country's Interior Ministry Monday, reports Cricinfo."It is a strong...

Singapore Telecom's regional mobile users near 198m

2008-08-12 00:00:00

SINGAPORE, Aug 11 (AFP): Singapore Telecommunications (SingTel) said today its regional mobile user base was up 45 percent to almost 198 million in the second quarter against a year earlier.India led the way as SingTel's mobile associate Bharti added a...

150 dead, missing after storms hit Vietnam

2008-08-12 00:00:00

HANOI, Aug 11 (AFP): Vietnamese emergency services were Monday seeking to reach isolated and flood-hit northern communities after tropical storm Kammuri left at least 100 people dead and 50 missing over the weekend.Flash-floods and landslides since Friday have cut major...

corporatewatch

2008-08-12 00:00:00

Popular Life Insurance buys CSE membershipThe authorities of Popular Life Insurance Company Limited have stated that the company has purchased a membership of Chittagong Stock Exchange (CSE) at a cost of Tk 11,11,11,111.11 only.Stock dividend creditedThe authorities of Prime Insurance...

Manpower export needs streamlining

Enamul Haque | 2008-08-12 00:00:00

Emergency provides the opportunity for harsh and swift application of the laws against unethical practices. Besides, it gives the government sweeping powers to address pressing economic issues safeguarding the genuine interests of the workers of modest means who, getting cheated,...

Silicon Valley takes lead in venture capital investment

2008-08-12 00:00:00

LOS ANGELES, Aug 11 (Xinhua): Silicon Valley and the broader Bay Area, flexing its leadership status in technology during an economic downturn, accounted for a remarkable 40 per cent of venture capital investment in the second quarter this year, it...

China gets gold in platform synchronised

2008-08-12 00:00:00

BEIJING, Aug 11: Chinese teenager divers Lin Yue and Huo Liang clinched the gold of the men's 10m platform synchronised at the Beijing Olympic Games here Monday.Lin and Huo, winners in 2007 Melbourne worlds, led throughout the final to win...

US asks govt to lift ban on trade union activities

Doulot Akter Mala | 2008-08-12 00:00:00

The United States has asked the caretaker government to lift ban on trade union activities and improve labour rights in the garment factories before it holds a hearing on Bangladesh's GSP facilities in October, an official said.The call came late...

TNT shares up on UPS talks

2008-08-12 00:00:00

AMSTERDAM, Aug 11 (Reuters): Shares in Dutch TNT NV rose more than 6.0 per cent Monday after a source said Europe's No.2 mail and logistics company was in talks with US rival United Parcel Service (UPS.N).The source, who declined to...

Clinical Sri Lanka clinch series

2008-08-12 00:00:00

Drip by drip, Sri Lanka made their way to a comprehensive series win, their first over India since 2001. On what turned out to be the final day of the series, Sri Lanka did not attack overtly, and kept their...

European shares gain ground

2008-08-12 00:00:00

LONDON, Aug 11 (AFP): Europe's major stock markets rose slightly Monday, with London lifted by gains to energy and mining majors, and after share prices had rallied in Tokyo and before the weekend on Wall Street.Markets were also monitoring escalating...

Fateha Yazdaham

FE Report | 2008-08-12 00:00:00

Khanqueh-e-Shaheed (Ra) Mia Saheb Maidan Khanqueh Sharif, situated at Luxmi Bazar, in the old city of Dhaka, will hold religious discussion, Fateha khwani, zikir asker, milad and doa mahfil marking the holy Fateha Yazdaham (the holy Egaro Sharif) after Maghrib...

Swimmer Rubel last among 45 competitors in Beijing Olympic

2008-08-12 00:00:00

Bangladeshi shooter Mohammad Imam Hossain made a dismal performance in the Beijing 2008 Olympic Games as he finished 46th among 51 competitors in the qualifying round of the Men's 10-metre Air Rifle Shooting held at the Beijing Shooting Range Hall...

The greed factor

2008-08-12 00:00:00

The Chittagong Customs has claimed to have got definite proof of irregularities committed by a leading business house of the country in the import of more than 400 metric tonnes of powdered milk. The bags containing the milk in question,...

Establishment of landport at Chilahati demanded

Our Correspondent | 2008-08-12 00:00:00

NILPHAMARI, Aug 11: Speakers at a seminar Saturday last urged the government to immediately establish a landport in bordering Chilahati town in Nilphamari district by utilising its suitable geographical location to increase trade of the country with the neighbouring countries."Four...

DBBL organises orientation course for new officers

2008-08-12 00:00:00

Dutch-Bangla- Bank Limited organised a week long orientation course for its newly recruited assistant officers, said a press release.Additional managing director of the bank AHM Nazmul Quadir inaugurated the course held Sunday at the bank's training centre in the city.The...

Field level reality about ETPs

2008-08-12 00:00:00

Unregulated discharge of the industrial effluents is contaminating waters of rivers and aquatic life in them and similarly spoiling underground water aquifers from seepage through soil. Soil affected by such discharge is also turning toxic and dangerous for any form...

'Army to work as striking force in all big polls'

2008-08-12 00:00:00

Removing public confusion over Army's magistracy power during the next polls, Election Commissioner Brig Gen (retd) M Sakhawat Hossain Monday said Bangladesh Army would work as the striking force with law enforcing agencies who cannot deal with magistracy, reports UNB."The...

SCBs

Shakhawat Hossain | 2008-08-12 00:00:00

The finance ministry will start performance review of the country's three state-owned commercial banks (SCBs) from today (Tuesday) following their failure to 'achieve default loan recovery target', officials said Monday.Finance and planning adviser Mirza Azizul Islam will examine the performance...

130,000 people flee fighting in southern Philippines

2008-08-12 00:00:00

MANILA, Aug 11 (AFP): Fighting between rebel Muslims and troops in the southern Philippines has forced about 130,000 people to flee their homes, the government said Monday.The National Disaster Coordinating Council (NDCC) said 129,819 people had been displaced from 42...

Domestic industries at stake for influx of dumping

2008-08-12 00:00:00

Domestic industries, particularly the small and medium ones, are at great risk due to dumping of certain products being imported in connivance with unscrupulous customs officials and Pre-Shipment Inspection (PSI) companies, reports UNB.Local manufacturers as well as officials raised the...

Thaksin faces arrest after skipping bail

2008-08-12 00:00:00

BANGKOK, Aug 11 (AFP): Thailand issued arrest warrants Monday for ousted premier Thaksin Shinawatra and his wife, after the billionaire couple refused to return home to stand trial for corruption.The pair snubbed a summons to appear before the Supreme Court...

PSI cos assigned to furnish quality control certificates of imported goods

From Fakhrul Alam | 2008-08-12 00:00:00

CHITTAGONG, Aug 11: Imported consignment of all commodities including the essential ones, can now be cleared from the port on arrival without any quality control test by the different agencies.In this connection, Pre-Shipment Inspection (PSI) companies have been assigned with...