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Myanmar cracks down on illegally imported mobile phones

2007-07-16 00:00:00

YANGON, July 15 (Xinhua): Myanmar is cracking down on using mobile phones illegally imported across border from some neighboring countries, local reports reaching here today said. Available in low cost and its coverage of wave signal within a radius of...

Videocon to set up Rs.25b semiconductor unit in India

2007-07-16 00:00:00

NEW DELHI, Jul 15 (PTI): Consumer electronics major Videocon has said it will set up a semiconductor unit in India with an initial investment of Rs.25 billion and is currently working on finalising the location for the same. "Indian labour,...

New suicide attack on Pak troops kills 16

2007-07-16 00:00:00

PESHAWAR, (Pakistan) July 15 (AFP): Suicide bombers hit a Pakistan army convoy for the second time in two days Sunday, killing at least 16 people in apparent retaliation for an army raid on a militant mosque, officials saidA suicide bomber...

N Korea ready to dismantle nuke programme

2007-07-16 00:00:00

SEOUL, (South Korea) July15 (AFP): A North Korean diplomat said Sunday that Pyongyang is ready to start disabling its nuclear programs now that it has shut down its sole operating reactor, as long as Washington lifts all sanctions against the...

Five border guards killed in northern Iraq ambush

2007-07-16 00:00:00

SULAIMANIYAH, (Iraq), July 15 (AFP): Five Iraqi border guards were killed Sunday when gunmen ambushed their patrol on the Iranian frontier near Penjwin, in the autonomous Kurdish north, a security official said. "At 9.00 am (0500 GMT) one of our...

New genetic clue to Type 1 diabetes

2007-07-16 00:00:00

PARIS, July 15 (AFP): A faulty gene on Chromosome 16 boosts the risk of developing Type 1 diabetes, according to the latest probe into the causes of this disease. Three variants of a gene called KIAA0350 were spotted as risk...

Typhoon misses Tokyo, loses strength

2007-07-16 00:00:00

TOKYO, July 15 (AFP): A typhoon expected to hit Tokyo missed the capital and moved toward northeastern Japan on Sunday after leaving five people dead and forcing tens of thousands to evacuateAuthorities said Typhoon Man-Yi was losing strength as it...

Malaysia to build Southeast Asia nuclear monitoring lab

2007-07-16 00:00:00

KUALA LUMPUR, July 15 (AFP): Malaysia will build Southeast Asia's first nuclear monitoring laboratory to allow scientists check the safety of atomic energy programmes in the region, a report said Sunday. The 26-million-dollar facility would be built in central Pahang...

LA church to pay $660m over clergy abuse

2007-07-16 00:00:00

LOS ANGELES: July 15 (AFP): Hundreds of people who claim they were abused by clergy affiliated with the Roman Catholic Archdiocese of Los Angeles can expect to be paid more than $1 million each in a $660 million settlement of...

Somalis gather for fresh peace bid

2007-07-16 00:00:00

MOGADISHU, July 15 (AFP): Somalia's National Reconciliation Congress is set to gather in the capital Mogadishu Sunday for peace talks aimed at winning over rival factions locked in a bloody power struggle for the last 16 years. The thrice-postponed meeting,...

news digest

2007-07-16 00:00:00

British death rate in Iraq worse than in USLONDON, July 15: The British military death rate in Iraq is proportionally worse than that of the United States, for the first time since the 2003 invasion, The Sunday Telegraph newspaper said....

Govt borrows Tk 8.0b thru' treasury bills

2007-07-16 00:00:00

FE Report The government borrowed Tk 8.00 billion (800 crore) Sunday through auctions of treasury. It will result in draining out of Tk 8.00 billion from the market in the week.The central bank conducted auctions of 28-day, 91-day and 364-day...

Prime Bank earns pre-audited profit of Tk 1.55b in 6 months

2007-07-16 00:00:00

FE ReportPrime Bank had maintained its satisfactory growth during the first half of 2007, as it earned a pre-audited operating profit of Tk 1.5562 billion (Tk 155.62 crore) as against Tk1.023 billion in the same period of 2006, registering a...

Leader of business syndicate arrested

2007-07-16 00:00:00

Our CorrespondentCHITTAGONG, July 15: The leader of a business syndicate was arrested by the joint forces for his alleged involvement in buying a machine at an abnormally low price of Tk 4.0 million against its actual price of Tk 30...

CPA's operating profit records 13pc rise in FY'07

2007-07-16 00:00:00

Jasim Uddin Haroon The Chittagong Port Authority (CPA) witnessed a growth of around 13 per cent in operating profit in 2006-07 fiscal year over that of the last fiscal. The port earned Tk 8.33 billion in the fiscal while its...

Delta Life Ins signs construction consultancy deal

2007-07-16 00:00:00

FE ReportDelta Life Insurance Company Limited (DLICL) signed a consultancy services agreement Sunday with Puraloy Prokaushali Limited (PPL) for construction of a 20-storied building at the company's head office at Sonadanga in Khulna in association with Vaastukalpa Architects.DLICL Managing Director...

City Bank, Seylan Bank sign money transfer deal

2007-07-16 00:00:00

FE ReportThe City Bank Limited and Seylan Bank Limited (Sri Lanka) signed a money transfer agreement in the city recently, said a press release.In presence of The City Bank Limited Managing Director and CEO K Mahmood Sattar, Executive Vice President...

Unity of BGMEA men to resolve its existing problems stressed

2007-07-16 00:00:00

Our CorrespondentCHITTAGONG, July 15: First Vice President of Bangladesh Garments Manu-facturers and Exporters Asso-ciation (BGMEA) MA Salam has stressed the need for unity among its members to resolve the existing problems facing the country's garments sector.He was speaking at a...

SingHealth-Galaxy joint venture launched in city

2007-07-16 00:00:00

FE ReportSingapore Health Services (SingHealth), Singapore's largest healthcare group, and local Galaxy Healthcare have jointly launched the SingHealth-Galaxy office in the city Saturday. The opening will be followed by a series of medical and consumer seminars in the city, which...

First Security Bank holds Half Yearly Managers' Confce

2007-07-16 00:00:00

FE ReportFirst Security Bank Limited held its Half Yearly Managers' Conference-2007 in the city Saturday.Managing Director of the bank AAM Zakaria presided over the conference. The heads of branches and all executives of head office attended the conference, said a...

S&P 500 hits record

2007-07-16 00:00:00

NEW YORK, July 15 (Reuters): The S&P 500 index (SPX) climbed to a record Friday, surpassing levels reached during the Internet bubble, as General Electric Company increased a stock-buyback plan and data showed improving consumer sentiment. The Standard & Poor's...

Indian oil co to list on LSE

2007-07-16 00:00:00

LONDON, July 15 (IANS): Jubilant Energy, an Indian oil exploring firm owned by the family of Hindustan Times Vice-chairperson Shobhana Bhartia, is preparing to float on the London Stock Exchange (LSE) in one of the largest new Indian listings. The...

corporatewatch

2007-07-16 00:00:00

Popular Life Ins recommends 12pc dividend The board of directors of Popular Life Insurance Company Limited has recommended 12 per cent cash dividend for the year that ended on December 31, '06. Other information in connection with the annual general...

IPO diary

2007-07-16 00:00:00

Trust BankNature of Business Banking Subscription Opens July 15, 2007Subscription Closes July 19, 2007Subscription for NRB July 15, 2007 to July 28, 2007Offer Price (Tk.) 150.00 (including premium of Tk 50)Face Value (Tk.) 100.00 Market lot (Share) 50Public Offer (Share)...

BRAC Bank sponsors free copies of Financial Express to 5 universities

2007-07-16 00:00:00

FE ReportThe Financial Express (FE) and Brac Bank joined hands to offer 50 copies of FE daily to the students of Institute of Business Administration of Dhaka University, North South University, Independent University Bangladesh, Brac University and East West University.The...

100,000 babies die of diarrhoea every year in country: Child Specialists

2007-07-16 00:00:00

RAJSHAHI, July 15 (BSS): Around 100,000 babies die due to diarrhoea annually as the under-five children are the most vulnerable to the disease that attacks them three to four times every year in Bangladesh. Several renowned child specialists made the...

Three labourers abducted by BSF

2007-07-16 00:00:00

SYLHET, July 15 (UNB): Indian Border Security Forces (BSF) abducted three Bangladeshi stone-labourers from Laurergarh border at Tahirpur Upazila of Sunamganj district Sunday morning.Local sources said the BSF troops with their dog squad entered the Bangladesh part by speedboats and...

400 bottles of Phensidyl recovered

2007-07-16 00:00:00

SYLHET, July 15 (UNB): Police recovered 400 bottles of Indian Phensidyl syrup from a jungle at Maricha area of Jakiganj Upazila early Thursday. Police said on secret information they searched the jungle in the area at about 3:00 am and...

Low over northwest Bay moves slightly north northwestwards

2007-07-16 00:00:00

The well-marked low over northwest Bay and adjoining area moved slightly north-northwestwards and now lies over northwest Bay and adjoining area of Orissa-West Bengal coast, reports UNB.It is likely to intensify further and move in a north or northwesterly direction,...

Teenage girl violated

2007-07-16 00:00:00

SYLHET, July 15 (UNB): A 14-year-old girl was allegedly raped by a gang of youths at Berkuri village under Balaganj Upazila Wednesday night. The victim of Ratna village at Rajnagar Upazila of Moulvibazar district recently came to visit her maternal...