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A right step that needs follow-up supports

2007-07-20 00:00:00

Syed Ishtique RezaFINALLY the long-awaited Small and Medium Enterprise Foundation has been launched. Finance Adviser Mirza ABM Azizul Islam launched it last Tuesday in the presence of the country's front-ranking business leaders, policy planners and representatives of think tanks.Aziz said...

Getting benefits from information technology

2007-07-20 00:00:00

M. Saleem UllahUNLESS there is a huge hue and cry followed by deaths of some people in the hands of either the political, social goons or by the law-enforcing agencies, the people in power cannot see things even in front...

Arsenic filter offers hope to millions

2007-07-20 00:00:00

Jeffrey ThomasTHE winner of a prestigious engineering prize is working hard to ensure that needy communities around the world benefit from his invention, which removes arsenic and other impurities from water drawn from tube wells.Abul Hussam, a chemistry professor at...

Chasm between theory and practice

2007-07-20 00:00:00

IT is said when two economists meet and discuss some topical issues that concern their profession, they have three opinions. It is understandable. Economics is a social science and, thus, being not a natural science, cannot correlate cause and effect....

CG to score well on prices

2007-07-20 00:00:00

The interim caretaker government(CG) is seen to be doing many good things. From depoliticising the administration to taking tough actions against corrupt persons, it is doing a great deal and the same are considered to be in line with people's...

Improving juvenile prison system

2007-07-20 00:00:00

MANY children of our country are deprived of their very basic rights. They are supposed to have a better childhood, amid happiness. Instead, they are in many cases found to lead a life with an ordeal having inadequate food, shelter,...

China's economy roars ahead, clampdown expected

2007-07-20 00:00:00

BEIJING, July 19 (AFP): China's economy expanded at a roaring 11.9 per cent in the second quarter, official data showed today, prompting warnings that the government will clamp down hard to stop serious overheating.The much faster-than-expected pace lifted China's first...

Bernanke sees steady US economy despite potential perils

2007-07-20 00:00:00

WASHINGTON, July 19 (AFP): Despite a host of potential economic perils, Federal Reserve chief Ben Bernanke says he believes the US economy will pull through 2007 and into 2008 in relatively good shape.Bernanke, delivering the Fed's much-anticipated semiannual economic report...

African leader appeals to US for 'more time' on trade

2007-07-20 00:00:00

ACCRA, July 19 (AFP): Ghana's President John Kufuor urged the United States yesterday to extend a preferential trade agreement for Africa by at least five years, to give the continent more time to boost its infrastructure.Kufuor told the opening of...

Global airports welcome record 4.4b passengers in '06

2007-07-20 00:00:00

GENEVA, July 19 (Xinhua): World international and domestic airports handled a record number of 4.4 billion passengers in 2006, a 4.8 per cent increase over 2005, the Airports Council International (ACI) said yesterday.Meanwhile, 85.6 million metric tons of cargo were...

Business in Turkey unruffled by looming election

2007-07-20 00:00:00

ISTANBUL, July 19 (AFP): General elections in Turkey are usually a time of economic jitters, but markets, business and analysts, confident in the economy's new-found stability, remain cool ahead of Sunday's vote, convinced that the current administration will stay on.Last...

WTO issues fresh drafts on agriculture, tariffs

2007-07-20 00:00:00

LONDON, July 19 (PTI): In a renewed effort to bring the global trade talks back on track, the World Trade Organisation (WTO) Tuesday issued fresh drafts on the most contentious issue of cutting farm subsidies and reducing industrial tariffs.The release...

Nepali central bank urged for balanced, flexible monetary policy

2007-07-20 00:00:00

KATHMANDU, July 19 (Xinhua): Bankers and entrepreneurs in Nepal have urged the Nepal Rastra Bank (NRB) to devise a "balanced and flexible" monetary policy for the current fiscal year starting on July 17, in order to give an impetus to...

China's big trade surplus caused by income disparity

2007-07-20 00:00:00

BEIJING, July 19 (CEIS): The disparity of income distribution has caused big trade surplus, said Qiu Xiaoping, Director of Labour and Salary Department of Labour and Social Security Ministry.Qiu said that, in a long run, the lift of employees' wages...

Canada inflation steady at 2.2pc

2007-07-20 00:00:00

OTTAWA, July 19 (AFP): Consumer prices in Canada increased by 2.2 per cent in June, compared with June 2006, with identical hikes in both April and May, Statistics Canada said yesterday.Inflation was lower than expectations, but analysts said the central...

Laos calls for more foreign investment

2007-07-20 00:00:00

HANOI, July 19 (Xinhua): Laos is appealing for more foreign investors, especially Vietnamese ones, to do business in its capital Vientiane, local newspaper Vietnam News reported yesterday.The Lao government has encouraged all forms of foreign investment from business cooperation contracts...

Food price rise a major driving force for first-half CPI in China

2007-07-20 00:00:00

BEIJING, July 19 (Xinhua): Price hike for foodstuff, mainly grain, meat and fowl and eggs, contributed significantly to the rise of China's consumer price index (CPI) in the first half of this year, Li Xiaochao, spokesman with the National Bureau...

Dollar languishes near record low against euro

2007-07-20 00:00:00

TOKYO, July 19 (AFP): The dollar stayed near record lows against the euro in Asian trade today as the market digested a warning by US Federal Reserve chairman Ben Bernanke that housing problems could worsen, dealers said. They said European...

Olive oil producers seek Chinese, Indian buyers

2007-07-20 00:00:00

MADRID, July 19 (AFP): A global body representing olive producers based in Madrid said yesterday it planned to launch marketing campaigns in China and India to promote the consumption of olive oil in the two emerging markets. The International Olive...

TOTAL Lubricant marketeers receive prizes

2007-07-20 00:00:00

FE Report The prize giving ceremony of a marketing promotion campaign titled "Best of the Best" launched by TOTAL Lubricant for the dealers and agents of Padma Oil Company Ltd (POCL) was held at a city hotel recently. Chairman of...

Industrial commodity prices will remain high in 2008

2007-07-20 00:00:00

LONDON, Jul 19 (store.eiu.com): Demand for most industrial commodities continues to run ahead of supply. As a result, prices (as measured by the Economist Intelligence Unit's Industrial Raw Materials (IRM) price index) will rise by an average of 12 per...

Oil prices ease in Asia

2007-07-20 00:00:00

SINGAPORE, July 19 (AFP): Oil prices were easier in Asian trade today after sharp gain overnight following an unexpected decline in US gasoline (petrol) inventories, dealers said. New York's main contract, light sweet crude for August delivery, dipped four cents...

China to set up agency to manage natural resources

2007-07-20 00:00:00

BEIJING, Jul 19 (Dow Jones Newswire): China's Ministry of Land and Resources said Wednesday it will set up an agency to manage the country's natural resource reserves. The agency will study how to set up a strategic reserve mechanism for...

Indian, Bolivian steel firms sign joint mining deal

2007-07-20 00:00:00

LA PAZ, July 19 (AFP): India's Jindal Steel and Power and Bolivia's state-run Empresa Siderurgica Mutun have signed an agreement to exploit one of the richest iron deposits in the world in southeastern Bolivia, the government's mining minister said. The...

Congress takes aim at unsafe Chinese food products

2007-07-20 00:00:00

Mark DrajenCongress will take its first steps soon to counter a surge of tainted imports from China, voting to tighten food-labeling rules and summoning U.S. officials to explain how the defective goods made it into the country. The House Appropriations...

'Creating designs for Chinese traders to copy'

2007-07-20 00:00:00

Rosalia Omungo''We are crying,'' laments Millicent Otok, as I take a seat next to her at her stall. ''Why are you crying?'' I enquire. ''They come and copy our items,'' she says, in reference to Chinese traders in the Kenyan...

Blogger's arrest -- 'politically repressive'

2007-07-20 00:00:00

Baradan KuppusamyThe arrest, under the official secrets act (OSA), of a prominent blogger and senior aide to opposition icon Anwar Ibrahim has shaken the fast growing blogging community in this country dominated by docile, state-controlled mainstream media. Harvard-educated Nathaniel Tan,...

Al-Qaeda may use Iraq tactics in US

2007-07-20 00:00:00

Jeff BlissOsama bin Laden's al-Qaeda terrorist organization may use tactics honed in Iraq to launch an attack in the U.S., according to domestic intelligence agencies. The group ``is and will remain the most serious terrorist threat to the homeland as...

No risk of death from mass hysteria, says Health Adviser

2007-07-20 00:00:00

Health Adviser ASM Matiur Rahman said there is no reason to get panicked about the recently seen mass hysteria disease among children across the country, reports UNB.Many students have been affected by mass hysteria at different parts of the country."It...

ARAMEX Int'l opens its branch office at Mirpur

2007-07-20 00:00:00

ARAMEX International opened another branch office at Mirpur in the city recently, said a press release.Managing Director of ARAMEX International, Bangladesh Mahbubul Anam inaugurated the branch as the chief guest while its Country Manager Saman Gunawardena presided over the function.Also...