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Automation of SCBs to be done in phases for online banking

Shakhawat Hossain | 2008-08-10 00:00:00

The country's three state-owned commercial banks are taking up automation project shortly for introduction of online banking, said officials of the banks and the finance ministry."Tender procedures have already been completed and approved for the automation" said Agrani Bank chief...

Sangakkara boosts Lankans

2008-08-10 00:00:00

It was good old-fashioned Test cricket - an examination of patience, will and concentration - on the second day, and Kumar Sangakkara kept Sri Lanka's nose ahead with a patient century. After Chaminda Vaas and Sangakkara had frustrated India in...

Policy support for the private sector

Amirul Islam | 2008-08-10 00:00:00

Bangladesh desperately needs faster economic growth. The growth has to be led by the private sector. The smaller the role of the government, the better the prospect of efficient use of scarce resources for economiSc growth.Following this principle, Bangladesh has...

BKSP makes biggest upset beating Sk Russell KC

2008-08-10 00:00:00

Newcomers BKSP caused the biggest upset in the Citycell Federation Cup Football Tournament beating professional League semi-finalists Sheikh Russell KC by 1-0 goal in their first appearance at the Bangabandhu National Stadium Saturday, reports UNB.BKSP captain Towhidul Alam Sabuj, a...

Global commercial property sales halved

2008-08-10 00:00:00

NEW YORK, Aug 9 (Reuters): World sales of major commercial properties fell 49 per cent to $306 billion in the first six months of 2008 from the same period last year, as sales in developed countries were hit hard by...

The shape of things to come?

2008-08-10 00:00:00

"The shape of post-military politics begins to emerge (in Bangladesh)", The Economist reported in its Aug 9 issue, reports bdnews24.com.In an article, titled 'Sheikh Hasina's happy day', the British news weekly said of the Aug 4 city and municipal elections:...

Muslims rally in Indonesia at US call for release of activists

2008-08-10 00:00:00

JAKARTA, Aug 9 (AFP): A hardline Muslim group staged a rally outside the US embassy in Jakarta Saturday to protest over a call by Washington for the release of two Papuan activists.Some 100 members of Hizbut Tahrir massed outside the...

Subway can ease Dhaka's traffic congestion

Shafiqul Alam | 2008-08-10 00:00:00

SOLVING the problem of congestion in a mega-city like Dhaka is not an easy task. A solution should approach a system that consumes less of fuel.Trams and trolley bus would provide a performance even better than that of underground mass...

Serbia crush Kazakhstan

2008-08-10 00:00:00

BEIJING, Aug 9 (Xinhua): Serbia beat Kazakhstan 3-1 here Saturday in a pool B preliminary match between two Olympic women's volleyball debutants at the Beijing Games.In their first appearance at the Olympic Games, the Serbian women repeated their victory over...

Singapore cuts growth forecast for 2008

2008-08-10 00:00:00

SINGAPORE, Aug 9 (AFP): Singapore yesterday cut its economic growth forecast this year to 4-5 per cent from 4-6 per cent as Prime Minister Lee Hsien Loong warned Singaporeans to brace themselves for a "bumpy year ahead."Speaking on the eve...

Govt to implement regulations on indigenous people, says Rasheda

2008-08-10 00:00:00

The government would implement the regulations on the employment of indigenous people, cultural adviser Rasheda K Chowdhury said Saturday, reports bdnews24.com."The regulations on the employment of indigenous people are at final stages," Rasheda K Chowdhury said this while speaking at...

Ferguson expects United's fire

2008-08-10 00:00:00

LONDON, Aug 9(AFP):In the final moments before Sunday's Community Shield clash against Portsmouth, Manchester United manager Sir Alex Ferguson will look into his players' eyes and feel reassured that the club's future is in good hands.Just 10 weeks after the...

What will be in Apple's next laptops?

Rik Myslewski | 2008-08-10 00:00:00

Soon after Intel's recent announcement of its new Centrino 2 mobile platform, rumours began to circulate about what would be inside Apple's next round of MacBook and MacBook Pro laptops (which are, themselves, rumoured to be refreshed in the near...

Renewable energy producers allowed to supply power thru' national grid

M Azizur Rahman | 2008-08-10 00:00:00

The country's renewable energy producers will be allowed to add electricity to the national grid to help them earn money and mitigate supply shortfall.They generate 15 megawatt (MW) of power by using solar power, biogas and wind."The sponsors of the...

Fannie Mae sinks deeper in US housing meltdown

2008-08-10 00:00:00

WASHINGTON, Aug 9 (AFP): Struggling mortgage finance giant Fannie Mae unveiled yesterday a steeper-than-expected quarterly loss and announced dramatic measures to weather the worst US housing slump in decades.Fannie Mae reported a net loss of 2.3 billion dollars in the...

Training for women kabaddi players begins

2008-08-10 00:00:00

A month-long training camp for women kabaddi players began at the Dhanmondi Women's Sports Complex Gymnasium in the city Saturday ahead of the ensuing 3rd Asian Women Kabaddi Championship, UNB reports.National Sports Council (NSC) director (sports) Haiyul Qaiyum inaugurated the...

China takes lead in Olympic medal table

2008-08-10 00:00:00

BEIJING (AFP): China took an early lead in the Olympic march to sports supremacy, winning two of the first seven golds when the Beijing Games began in earnest Saturday.The remaining golds were shared among the United States, Spain, the Czech...

Mbeki heads to Harare for talks wrap-up

2008-08-10 00:00:00

HARARE, Aug 9 (AFP): South African President Thabo Mbeki heads to Harare Saturday for meetings with the country's political rivals as the parties draw closer to a power-sharing deal to end Zimbabwe's political and economic crises.The Herald newspaper quoted President...

ICB AMCL declares NAV of its two unit funds

2008-08-10 00:00:00

The ICB Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), declared net asset value (NAV) of its two unit funds recently.The total NAV of ICB AMCL Unit Fund stood at Tk 682,289,614.80 on the basis...

In need of all relevant data from private universities

Dr. Jamir Chowdhury | 2008-08-10 00:00:00

IT is good to know that Northern University Bangladesh (NUB) is doing a good job in providing education to our young in various sectors. The university administration acknowledges that it has limited facilities. It has stated that it is attracting...

Japan Inc sees bigger profit fall than expected

2008-08-10 00:00:00

TOKYO, Aug 9 (AFP): Japan Inc has forecast a bigger profit decline than its earlier estimate for the year to March 2009 due to price hikes and an economic slowdown at home and in the United States, a daily said...

Tk 12b project taken to improve secondary edn

2008-08-10 00:00:00

The government with the support of International Development Association (IDA) has undertaken a Tk 12 billion (1,200 crore) Secondary Education Quality and Access Enhancement Project (SEQAEP) to improve the quality of secondary level education in the country, reports BSS.Adviser for...

Date-expired powder milk seized in Ctg

2008-08-10 00:00:00

CHITTAGONG, Aug 9 (UNB): Joint forces seized 450 tonnes of powder milk suspected to be date expired at Chittagong port Saturday.Imported from Australia by Abul Khair Condensed Milk Limited, the powder milk in containers had no mention of date of...

Oil prices slump four dollars as greenback rises

2008-08-10 00:00:00

NEW YORK, Aug 9 (AFP): Crude oil prices plunged more than four dollars a barrel Friday as the dollar rose to a five-month high against the euro amid growing recession fears in the eurozone.New York's main contract, light sweet crude...

How dependable is the assurance from businesses?

2008-08-10 00:00:00

As the holy month of Ramadan is drawing closer, the people who already have their back to the wall because of spiraling prices of essential commodities for more than a year, are becoming increasingly worried about another round of price...

ADB to provide $150m as its second tranche for BR

FE Report | 2008-08-10 00:00:00

Asian Development Bank (ADB) will provide US$ 150 million as second tranche of its US$ 430 million committed fund this year to help improve the efficiency and capacity of the country's rail transport.ADB has promised to provide a total of...

SA Academy score 256/2 at tea

2008-08-10 00:00:00

Hosts South Africa Academy team started well against visiting GP-BCB Academy team as they scored 256/2 in 71 overs in the 1st innings at tea on the 2nd day of the first four-day match at Tukkies in Pretoria Saturday, reports...

Cuba rally past Poland

2008-08-10 00:00:00

BEIJING, Aug 9 (Xinhua): Cuba rallied past Poland 3-1 here Saturday for its opening victory at the Beijing Games women's volleyball tournament.The three-time Olympic champion beat the Polish women 21-25, 25- 17, 25-20 and 25-17 in the preliminary match of...

Nagasaki commemorates anniversary of nuclear attack

2008-08-10 00:00:00

TOKYO, Aug 9 (AFP): Nagasaki Saturday demanded North Korea fully abandon nuclear weapons, while urging India to sign nuclear treaties, as the Japanese city marked 63 years since it was flattened by an atomic bomb.Thousands of people offered a minute's...

Instability mounts in Pakistan amid decision to impeach Musharraf

2008-08-09 00:00:00

ISLAMABAD, Aug.8(Agencies): Tension in the capital of Pakistan was high Friday as uncertainty about the country's stability mounted in the wake of a decision by Pakistan's ruling coalition parties to impeach President Pervez Musharraf.A day after leaders of the Pakistan...