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No progress in forming cooperatives among district-level growers as yet

2007-07-13 00:00:00

FE ReportPrices of most essential items shot up by almost 2.0 per cent to 45 per cent in the local market during last one month as a government move to establish cooperative among the district-level growers still remained at a...

ADB raises lending rates

2007-07-13 00:00:00

FE ReportAsian Development Bank (ADB), the country's major development partner, has raised its lending rates for both its US dollar and Japanese yen single currency pool-based loans. According to information received in Dhaka from the ADB's headquarters Thursday, the lending...

Nepal presents annual budget, cuts allowance for king, royal family

2007-07-13 00:00:00

KATMANDU, JULY 12 (AP) : Nepal's government presented a 169 billion rupee (US$2.6 billion; euro1.9 billion) annual budget on Thursday aimed at holding crucial elections later this year and cutting off the annual allowance for the king and royal family....

No Canadian education institution presently operates offshore campus in Bangladesh

2007-07-13 00:00:00

The High Commission of Canada in Dhaka has said no Canadian education institution presently operates an offshore campus in Bangladesh, reports UNB.The High Commission's clarification came in the wake of a recent publication of the University Grants Commi-ssion (UGC) of...

Dollar eases, call rate stable

2007-07-13 00:00:00

FE ReportThe US dollar slightly eased against the Bangladesh taka (BDT) Thursday in the inter-bank foreign exchange market influenced by limited demand for the greenback, fund managers said.The market experienced sufficient supply of dollar facilitating the taka to regain some...

Home Ministry to finalise missions, visions soon

2007-07-13 00:00:00

The Ministry of Home Affairs Thursday asked its attached offices to finalise their missions, visions and citizens charters by July 20, reports BSS.The decision was taken at a meeting with Home Secretary Mohammad Abdul Karim in the chair, an official...

CHT district councils get new chiefs

2007-07-13 00:00:00

The caretaker government Thursday appointed chairmen and members to the Chittagong Hill Tracts' three district councils, reports bdnews24.com. CHT affairs adviser Iftekhar Ahmed Chowdhury had earlier approved the 'interim' appointments of the new chairmen and members to Rangamati, Khagrachhari and...

IGP seeks early pay hike for police

2007-07-13 00:00:00

Inspector General of Police (IGP) Noor Mohammad Thursday hoped that the caretaker government would take quick step to give the police an envisaged pay rise, reports UNB.Talking to UNB and television channels at Rajarbagh Police Lines, he said the Chief...

Vietnam reports 225 corruption cases in first half

2007-07-13 00:00:00

HANOI, July 12 (Xinhua): Vietnam detected 225 corruption cases involving 482 people, and losses worth 72.7 billion Vietnamese dong (VND) (over 4.5 million U.S. dollars) in the first half of this year. Those involved include 20 policemen, one military officer,...

Minu's detention extended for 90 days

2007-07-13 00:00:00

RAJSHAHI, July 12 (BSS): The detention order of Mayor of Rajshahi City Corporation (RCC) Mijanur Rahman Minu was extended for another three months today. Court sources said police produced him before the court of a metropolitan magistrate here on his...

Magura municipality budget announced

2007-07-13 00:00:00

Our CorrespondentMAGURA, July 12: Magura Municipality has announced its budget of Tk 8,18,56,411.00 for expenditure and Tk 8,19,20,717.00 for income for the fiscal 2007-2008 recently.The present budget includes additional Tk 4,86,33,717.00 for income and Tk. 3,99,05,689.00 for expenditure.The fund of...

Pubali Bank shifts its Mokambazar branch

2007-07-13 00:00:00

FE ReportPubali Bank Limited has shifted its Mokambazar branch, Sylhet to new premises with a view to providing best and modern banking services. Chairman of the board of directors of the bank Hafiz Ahmed Majumder inaugurated the new branch as...

Seventh international confce on HRM, dev begins from July 24

2007-07-13 00:00:00

FE ReportThe 7th International Conference on Human Resource Management and Development - 2007 by Rapport Bangladesh Limited as its annual event will be held from July 24 to July 29 at Dhaka Sheraton Hot1el, said a press release. President Iajuddin...

CRISL to conduct credit ratings of Jamuna Oil, Meghna Petroleum

2007-07-13 00:00:00

FE ReportFrom now on the Credit Rating Information and Services Limited (CRISL) will conduct the credit ratings of Jamuna Oil Company Limited and Meghna Petroleum Limited.In this connection, the CRISL signed two memorands of understanding (MoUs) with the two companies...

Quality seed crisis hits Aman farming in north

2007-07-13 00:00:00

Our CorrespondentNILPHAMARI, July 12: The Aman cultivation in the country's northern region is seriously affected due to crisis of quality seeds in the local markets, sources said.According to Nilphamari seed certification office sources, less than 1.0 per cent of paddy...

Most Asian markets rise

2007-07-13 00:00:00

HONG KONG, July 12 (AP): Most Asian markets rose Thursday as Hong Kong stocks bounced back and as shares in South Korea and Indonesia hit new records. Japanese shares, however, slipped for a third day.In Tokyo, the Nikkei 225 index...

corporatewatch

2007-07-13 00:00:00

Bangladesh Services recommends 10pc cash, 5pc stock dividends The board of directors of Bangladesh Services has recommended 10 per cent cash and 5.0 per cent stock dividends for the year that ended on December 31, '06. The annual general meeting...

Funeral held for Pak religious leader

2007-07-13 00:00:00

BASTI ABDULLAH, Pakistan, Jul12 (AP): The captured chief cleric of the Red Mosque was allowed to lead funeral prayers for his slain brother Thursday, and forecast that the death of the mosque's militant defenders would push Pakistan toward an "Islamic...

Suicide bombing at military post kills 10 soldiers in Algeria

2007-07-13 00:00:00

ALGIERS, July 11 (AP): A suicide bomber blew up a refrigerator truck loaded with explosives at a military encampment outside this capital Wednesday, killing 10 soldiers and wounding 35, a security official said.Al Qaeda in Islamic Maghreb, the region's most...

Israel-Hezbollah war violations still unpunished: HRW

2007-07-13 00:00:00

WASHINGTON, July 12 (AFP): A full year after the Israel- Hezbollah war in Lebanon, violations of the laws of war have gone uninvestigated and unpunished, Human Rights Watch said Wednesday. "Both sides in this conflict violated the laws of war,...

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...