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Kosovo PM urges EU to sidestep UN on independence

2007-07-13 00:00:00

BRUSSELS, Jul 12: Kosovo's Prime Minister Agim Ceku has urged the European Union to sidestep the United Nations if the Security Council fails to act on a resolution granting the breakaway Serbian province independence.The Kosovo leader spoke to reporters Wednesday...

S Korea sends first oil shipment to North

2007-07-13 00:00:00

ULSAN, South Korea, July 12 (AFP): A South Korean tanker left for North Korea Thursday to deliver 6,200 tons of heavy fuel oil as part of a nuclear disarmament pact, witnesses said. The vessel Hanchang carried a banner on its...

Ex-PM compares Australia's Howard to Hitler

2007-07-13 00:00:00

SYDNEY, July 12 (AFP): Australian leader John Howard has been compared to Nazi dictator Adolf Hitler by a former prime minister who attacked him as a dangerous nationalist and as anti- Muslim. Howard and Hitler both stressed populism and suspicion...

Libyan court upholds HIV death sentences

2007-07-13 00:00:00

If the Libyan Government fails to grant prerogative of mercy to the five Bulgarian nurses and a Palestinian doctor accused of injecting more than 400 Libyan children with HIV in 1998, they could be heading for the hangmen's noose as...

US ties with Southeast Asia face setback

2007-07-13 00:00:00

WASHINGTON, July 12 (AFP): US ties with Southeast Asia are facing a setback as President George W. Bush cancelled his scheduled first summit with ASEAN leaders and Secretary of State Condoleezza Rice's trip to the region for annual talks seems...

Sri Lanka claims Tamil stronghold

2007-07-13 00:00:00

COLOMBO, Jul 12 (Businessday.co.za): Sri Lanka's military claimed yesterday that it had captured the last Tamil Tiger stronghold in the island's eastern province following months of fighting, as peace broker Norway attempted to revive a tattered truce. The military took...

Four killed in Thai south as Thai PM wraps up visit

2007-07-13 00:00:00

NARATHIWAT, Thailand, July 12 (AFP): Suspected rebels have shot dead four people in Thailand's troubled south as the Thai premier wraps up a two-day visit.Police said they found the body of an unidentified man, who had been shot and set...

Army guards Mexico oil industry after blasts

2007-07-13 00:00:00

MEXICO CITY, Jul 12 (Reuters): Extra soldiers and federal police were deployed to guard Mexico's oil wells and pipelines Wednesday after a rebel group said it caused explosions at fuel pipelines as part of an anti-government campaign.State oil monopoly Pemex,...

news digest

2007-07-13 00:00:00

Muslim group, city officials meet at south Georgia on head scarf debateATLANTA, July 12 (AP): Officials of a south Georgia city where a Muslim woman was prohibited from wearing a traditional head scarf into a courtroom met with members of...

Priorities for insurance sector

2007-07-13 00:00:00

THE insurance sector of a country can be a strong source of resource mobilisation and investment although its main task is hedging its clients from various risk situations. The premiums whether in the life insurance business or from general insurance...

The idea of special economic zones

2007-07-13 00:00:00

Syed Ishtiaque RezaLAST week a group of World Bank high officials were in Dhaka to address top government officials, business leaders and media about the usefulness of the Special Economic Zones (SEZs). Amidst the general discussion on foreign direct investment...

Second fastest growing country in terms of economic growth

2007-07-13 00:00:00

Peter MarshTHE chief executive of Geekay Polymers, an Indian maker of plastic parts, knew he had a problem. Tiny air bubbles had appeared inside some of K. Kannan's injection-moulded components, revealing a fault in the manufacturing process that was already...

Restoring beauty of canals and lakes

2007-07-13 00:00:00

Iqbal MahmudIT is really a good decision of the government to cancel some allotments of plots on Hatirjheel and Begunbari canals. All, particularly the green activists, should extend their allout support to this move of the government, because they are...

Hollow claims about education

2007-07-13 00:00:00

SUCCESSIVE governments in Bangladesh claimed that they followed a path of using education as the means to attaining economic progress. But the claims have proved to be not tenable in the backdrop of the prevailing education systems in the country...

Improving taxicab service

2007-07-13 00:00:00

SUFFERINGS of the city commuters are increasing day by day in absence of real passenger-friendly taxicab service. Innumerable reports were published on the bad condition of this important service in the capital city. But hardly any positive change in the...

Country's telecommunications need wide-ranging reforms

2007-07-13 00:00:00

FE Report Bangladesh needs to end its international gateway monopoly, which makes overseas calls expensive, and strengthen its telecommunications regulator for proper allocation of spectrum frequencies aiming to rejuvenate economic activities.GSM Association, a global trade association of mobile phone operators,...

National Bank launches Balaka Exchange in Singapore

2007-07-13 00:00:00

FE ReportBalaka Exchange Pte Ltd (BEPL), owned by National Bank Limited (NBL), has been inaugurated in Singapore. High Commissioner of Bangladesh in Singapore Munshi Faiz Ahmed and NBL Chairperson Parveen Haque Sikder jointly inaugurated the exchange house.NBL Director Zakaria Taher,...

Bexipharma launches high-tech Glyceryl Trinitrate Spray for heart patients

2007-07-13 00:00:00

FE ReportBeximco Pharmaceuticals Ltd. (BPL), the leading-edge pharmaceutical manufacturer and the largest pharmaceutical exporter of Bangladesh, has recently introduced Nitrosol®, an advanced propellant-driven lifesaving Glyceryl Trinitrate (GTN) spray, in Bangladesh, a company statement said Thursday.GTN is a standard therapy for...

IBBL holds confce of heads of zones, branches

2007-07-13 00:00:00

FE ReportA day-long half-yearly conference of heads of zones and branches under Comilla and Sylhet zones of Islami Bank Bangladesh Limited (IBBL) was held recently at Comilla. IBBL board of directors Vice-Chairman Zainul Abedin inaugurated the conference as the chief...

IIBA Bangladesh Chapter formed

2007-07-13 00:00:00

FE ReportInternational Institute of Business Analysis (IIBA) has formed its Bangladesh chapter at a general meeting held at its office in the city recently, said a press release.The meeting has formed a five-member executive committee to operate IIBA Bangladesh chapter...

Ctg exceeds tax collection target

2007-07-13 00:00:00

Our Correspondent CHITTAGONG, Jul 12: Chittagong surpassed its tax realisation target as the port city collected Tk 740 million more than the target set for its three taxation zones during the fiscal 2006-2007 ended on June 30 last, sources said.The...

ACME introduces A-Calm

2007-07-13 00:00:00

The ACME Laboratories Ltd, one of the largest pharmaceutical companies in the country, has launched a new non-sedative muscle relaxant drug A-Calm (Tolperisone), said a press release. The product is marketed as 50 mg tablet. A-Calm is indicated for low...

Concern Worldwide, PKSF sign deal

2007-07-13 00:00:00

Concern Worldwide (CW) and PKSF Wednesday signed a memorandum of understanding (MoU) paving the way for 15 local NGOs to benefit from micro-finance funds to improve the lives of the extreme poor, reports UNB.PKSF General Manager MA Hakim and Concern...

Shahjalal Islami Bank holds 79th board meeting

2007-07-13 00:00:00

FE ReportThe 79th meeting of the board of directors of Shahjalal Islami Bank Limited (SJIBL) was held in the city Wednesday with its Chairman Sajjatuz Jumma in the chair. The meeting approved a number of investment proposals and discussed various...

White House trims budget deficit forecast to $205b

2007-07-13 00:00:00

WASHINGTON, July 12 (AFP): The White House yesterday cut its forecast for the federal budget deficit this year to 205 billion dollars, saying an expanding economy will boost tax revenues. The projection for the 2007 fiscal year to September 30...

Myanmar to allow nat'l entrepreneurs to open account in foreign banks

2007-07-13 00:00:00

YANGON, July 12 (Xinhua): Myanmar will allow private businesses to open account at banks in foreign countries through legal channels to encourage engagement in foreign trade, the local Myanmar Times reported today. The green light was given at a recent...

ECB chief rejects forex debate outside of G7

2007-07-13 00:00:00

STRASBOURG, July 12 (AFP): European Central Bank (ECB) President Jean-Claude Trichet urged governments yesterday to reserve their opinions about foreign exchange rates for Group of Seven (G7) meetings. Speaking to members of the European Parliament, Trichet said: "We are in...

Taxing times seen frustrating Philippine reforms

2007-07-13 00:00:00

MANILA, July 12 (BSS/AFP) - The sacking of a tax collector has raised fears that corruption and unrealistic expectations may scupper government revenue targets, jeopardising the fiscal reform package in the Philippines. That package had been winning President Gloria Arroyo...

Panama ratifies free trade deal with US

2007-07-13 00:00:00

PANAMA CITY, Panama, July 12 (AP): Panama's legislature ratified a free trade agreement with the United States Wednesday amid protests by hundreds of leftists and farmers opposed to the deal.The National Assembly's approval of the pact by an overwhelming 58-3...

Most US working moms prefer part-time jobs

2007-07-13 00:00:00

NEW YORK, July 12 (AP): A sharply increasing portion of America's working mothers say their ideal situation would include a part-time job, rather than working full time or staying at home, a new national survey finds.The Pew Research Centre survey,...