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European shares fall heavily

2008-08-20 00:00:00

LONDON, Aug 19 (Agencies): Europe's main stock markets dived Tuesday as global equities were haunted once again by worries about the credit crunch and fresh US financial turmoil, dealers said.In late morning European trading, London's FTSE 100 index of top...

DSE benchmark index tumbles to one yr low

FE Report | 2008-08-20 00:00:00

The benchmark DGEN index Tuesday went down below 2600-mark as the investors' confidence on the stock market continued to erode.Being worried about the continuous slide trend of the market, the Securities and Exchange Commission (SEC) will sit today (Wednesday) with...

Pakistan hospital blast kills 23

2008-08-20 00:00:00

PESHAWAR, (Pakistan) (AFP): A suicide bomber blew himself up Tuesday at a hospital in a northwestern Pakistani town that has been plagued by sectarian violence, killing at least 23 people, police said.The explosion happened as Shiite Muslims gathered to protest...

Malaysia looking at nuclear energy use

2008-08-20 00:00:00

KUALA LUMPUR, Aug 19 (AFP): Malaysia's cabinet will deliberate next month on whether to adopt nuclear energy to combat high global oil prices, a minister said today.Last month, state utility Tenaga said it could construct the country's first 1,000 MW...

Chong clinches springboard crown

2008-08-20 00:00:00

BEIJING, Aug. 19: China swept the first six diving gold at Beijing Olympic Games as He Chong won the men's three-meter springboard gold here Tuesday.He, 21, currently ranked No. 1 of the event in the world, led all the way...

ACC to direct Khoka's children to submit wealth statements

2008-08-20 00:00:00

The Anti-corruption Commission (ACC) is going to serve separate notices soon to Dhaka City Corporation mayor Sadek Hossain Khoka's son and daughter directing them to submit their wealth statements under the current purge, reports UNB.In the primary inquiries about the...

Briton bags Laser gold

2008-08-20 00:00:00

QINGDAO, Aug 19 : Briton Paul Goodison triumphed to win Laser gold at the Olympic Sailing Regatta here Tuesday, bagging the third gold for Britain in the regatta.Paul Goodison narrowly missed out on the medals in Athens, but today the...

Probe body formed to investigate Ctg landslide incident

2008-08-20 00:00:00

CHITTAGONG, Aug 19 (UNB): A five-member inquiry committee has been formed to look into Monday's mudslide that buried 11 people.Chittagong City Corporation authorities formed the committee headed by its chief revenue officer Mohiuddin Ahmed.The committee has been asked to submit...

Trade activities in Myanmar-Thai border suspended

2008-08-20 00:00:00

YANGON, Aug 19 (Xinhua): Border trade activities in Myanmar-Thai border have been temporarily suspended as transport link was disrupted due to landslide caused by torrential rain over the past week, the local Newsweek journal reported today.The landslide, which occurred at...

US qualifies for semis at eves

2008-08-20 00:00:00

BEIJING, Aug. 19: The United States crashed South Korea 104-60 Tuesday night in the quarterfinals of the Beijing Olympic women's basketball tournament at the Olympic Basketball Gymnasium.The defending Olympic champions will play against the winner of a quarterfinal between Russia...

Cute Premier H

2008-08-20 00:00:00

The 14th Cute Premier Division Handball League, organised by Bangladesh Handball Federation, begins today (Wednesday) at the Outer Stadium handball ground in the city with two matches billing for the opening day, reports UNB.Additional IGP Mahfuzul Haque will inaugurate the...

Lending speed to khaki files

Shamsul Huq Zahid | 2008-08-20 00:00:00

The caretaker government after long 32 years has rewritten the directives for the country's main seat of administration, the secretariat, where hundreds of khaki files move from one table to another every working day.Under the new directives, styled, the Secretariat...

FA stresses importance of mkt access of Bangladeshi manufactures to US

2008-08-20 00:00:00

Adviser for Foreign Affairs Iftekhar Ahmed Chowdhury stressed the importance of unimpeded market access of Bangladeshi manufactures to the United States (US) particularly of ready-made garments (RMG) when a group of US Congressional Staffers called on him at the Foreign...

Need for quick finalisation of boundary demarcation with Myanmar stressed

2008-08-20 00:00:00

President Iajuddin Ahmed underscored the need for quick finalisation of maritime boundary demarcation with Myanmar in the interest of both the countries.The president said this when newly appointed Myanmar Ambassador in Bangladesh U Phae Thann Oo presented his credentials to...

Algeria bombing kills 43

2008-08-20 00:00:00

ALGIERS, Aug 19: (Reuters): A bomb attack east of Algiers Tuesday killed 43 people and wounded 38, the Algerian interior ministry said, in one of the bloodiest incidents in years in the OPEC member state.A ministry statement carried by the...

Rule hearings in Niko, barge-mounted cases against Hasina resume tomorrow

2008-08-20 00:00:00

The High Court (HC) Tuesday set tomorrow (Thursday) for hearing explanation from government side as to why the Niko and the barge-mounted power plant graft cases against former premier and Bangladesh Awami League president Sheikh Hasina, now abroad on parole...

Myanmar natural gas exports jump 25pc

2008-08-20 00:00:00

YANGON, Aug 19 (AFP): Myanmar's natural gas exports rose by about 25 per cent to 2.5 billion dollars in the fiscal year ending in March, official statistics showed Tuesday.Sales were up from 2.05 billion dollars in the previous fiscal year,...

Asif's B sample tests positive

2008-08-20 00:00:00

The B sample of Mohammad Asif, the Pakistan fast bowler, taken during the Indian Premier League has tested positive for a banned substance, AFP has reported. Last month the IPL had revealed that Asif had tested positive in random testing...

For alternative electricity generation

2008-08-20 00:00:00

The crisis of electricity in the country has reached a level from which we cannot expect an immediate solution. Fund constraints, limitation in expertise, bureaucratic bottlenecks etc., have made the process for setting up new power generating units lengthy.While small...

SJIBL, NEC sign agreement

2008-08-20 00:00:00

Shahjalal Islami Bank Limited (SJIBL) signed an agreement with National Exchange Company, S.r.1, (NEC), Italy at the NEC Office in Rome recently. Under the agreement, NEC will send remittance of Bangladeshi expatriates in Italy through SJIBL, a press release said.SJIBL...

Padma Bridge to go public

Shakhawat Hossain | 2008-08-20 00:00:00

The communications ministry has decided to convert the Padma Multipurpose Bridge into a company and offload its shares to finance construction work involving $1.8 billion (180 crore), officials said Tuesday.'The decision, first of its kind in the country's history, has...

BRAC Bank re-locates N

FE Report | 2008-08-20 00:00:00

BRAC Bank Limited has relocated its Narayangonj branch to Plot 147, BE Road (1 st Floor), Narayangonj.Bangladesh Knitwear Manufacturers & Exporters Association (BKMEA) President Md Fazlul Hoque inaugurated the relocated branch Monday, a press release said.BRAC Bank Managing Director &...

Russia's first men's freestyle gold

2008-08-20 00:00:00

BEIJING, Aug 19 : Russian Mavlet Batirov won the Beijing Olympic 60kg freestyle wrestling gold medal, beating Ukrainian Vasyl Fedoryshyn in the final here Tuesday.World champion Batirov took down European champion Fedoryshyn from the clinch in the first period and...

Indian tea tourism helps spread Darjeeling aroma

2008-08-20 00:00:00

KURSEONG, India, Aug 19, (AFP): Touring tea gardens in India's famous Darjeeling hills and tasting several varieties of the gold-coloured brew has got Audrey Dreyer thinking about a career in the trade.Dreyer, from France, is among a growing number of...

NBR to honour top tax, VAT payers next month

FE Report | 2008-08-20 00:00:00

The National Board of Revenue (NBR) will distribute awards among five top income taxpayers in the middle of the next month as a mark of respect to the taxpayers.The NBR is planning to observe one particular day in the middle...

Jewellers demand proper policy

FE Report | 2008-08-20 00:00:00

Bangladesh Jewellers' Samity (BJS) has demanded formulation of a policy to facilitate jewellery business in the country.BJS President MA Wadud Khan made the demand at a press conference at Dhaka Reporters' Unity (DRU) Tuesday. He also placed a five-point demand...

Kai the horizontal king

2008-08-20 00:00:00

BEIJING, Aug 19 : Zou Kai of China won the horizontal gold medal at the Beijing Olympic Games here Tuesday.Zou Kai scored 16.200 points for the gold, the ninth for the Chinese gymnastics team at the 2008 Beijing Olympic Games.The...

US faces near-impossible task to catch China

2008-08-20 00:00:00

BEIJING (Reuters): Britain notched their highest gold medal tally in a century Tuesday with two more victories in cycling and one in sailing for the 2012 Olympics hosts.That cemented Britain's unexpected third place in China, with 15 golds the best...

Dhaka closer to better global market facility: Adviser

2008-08-20 00:00:00

Commerce Adviser Hossain Zillur Rahman said Monday Dhaka made headway at the WTO talks in getting meaningful market facility in the world market, reports bdnews24.com.He made the claim at a dialogue on "Collapse of Recent WTO Talks and Bangladesh: Experience...

Career voyage

Maswood Alam Khan | 2008-08-20 00:00:00

I am very fond of train journeys. My colleagues sometimes ridicule me at my extraordinary penchant for trains; some wonder why I eschew comfortable air journeys in favour of time-consuming train journeys even on official tours. Surprising as it was,...