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British producer prices surge to record high in July

2008-08-13 00:00:00

LONDON, Aug 12 (AFP): The cost of goods leaving British factories surged in July by the highest annual rate since 1986, due to higher prices for chemicals, metal and petrol products, official data showed yesterday.Producer prices soared by a record...

Re-scheduling of bank loans of 270 sick garment factories soon

FE Report | 2008-08-13 00:00:00

The re-scheduling of bank loans of 270 sick garment factories is likely to take place soon as the Ministry of Commerce (MoC) Tuesday issued directives to the relevant departments for taking necessary steps to expedite the process.The garment units have...

Better not to reignite the old flames

Maswood Alam Khan | 2008-08-13 00:00:00

IN spite of ourselves, many of us always stay reserved and refrain from talking in a manner that may sound childlike. Because of the fear of being ridiculed we resist our temptation to play a game with children. We deny...

Newspaper holiday Aug 16

2008-08-13 00:00:00

Members of the Newspapers Owners' Association of Bangladesh (NOAB) will observe holiday Saturday on the occasion of holy Shab-e-Barat.The decision came at the executive committee meeting of the association in the city, reports UNB.Therefore, no newspapers will be published on...

RB Group to introduce Marcel brand in market

FE Report | 2008-08-13 00:00:00

RB Group, a leading electronic manufacturer company, would introduce- Marcel brand electronic items within this month for its customers across the country.The company has manufactured the new brand products with latest technology for the local customers specially its valued clients....

RMG workers condemn vandalism in some apparel units

FE Report | 2008-08-13 00:00:00

Leaders of the National Garment Workers Federation (NGWF) condemned Tuesday the incidents of vandalism and arson in some apparel units and demanded proper investigation.Garment workers allegedly set ablaze Mim Design Sweater factory in Gazipur and ransacked some others in the...

Shahriar Nafees opts out of Australia tour

2008-08-13 00:00:00

Opening batsman Shahriar Nafees pulled out from the Bangladesh squad that will tour Australia this month following the sudden announcement of his university examinations, reports UNB.A 15-member Bangladesh cricket team will leave for Australia Thursday (Aug 14) to play a...

US Congressional team to visit Bangladesh

2008-08-13 00:00:00

A three-member US Congressional staff team will visit Bangladesh from August 19 when they are expected to hold parleys with different stakeholders ahead of general election, reports UNB.Diplomatic sources told the news agency that the delegation comprises Deputy Staff Director...

Russia 'orders end to operation against Georgia'

2008-08-13 00:00:00

MOSCOW, Aug 12 (AFP): Russian President Dmitry Medvedev said Tuesday he had decided to cease Russia's military operation against Georgia, Russian news agencies reported."I have taken the decision to end the operation to force Georgian authorities into peace," Medvedev was...

Russian teen Albiev wins 60 kg wrestling gold

2008-08-13 00:00:00

BEIJING, Aug 12 (AP): Islam-Beka Albiev won Russia's second Greco-Roman wrestling gold medal in as many Olympic matches Tuesday, defeating Vitaliy Rahimov of Azerbaijan in the 60-kilogram final.The 19-year-old Albiev is the second youngest wrestling gold medalist in Olympic history,...

Police kill five as Kashmir land row boils

2008-08-13 00:00:00

SRINAGAR, Aug 12 (Reuters): Police fired on protesters in Indian Kashmir Tuesday, killing five people as huge demonstrations against what Muslim traders said was an economic blockade by Hindus roiled the region, officials said.Several people were injured in two separate...

Orion boss gets 5 years jail for money laundering

2008-08-13 00:00:00

A Dhaka court Tuesday sentenced Orion Group boss Obaidul Karim to five years in jail for money laundering, reports bdnews24.com.Judge Md Ashraf Hossain, of Special Judge's Court-5 set up in the Sangsad Bhaban area, handed down the verdict Tuesday and...

Rangs building now demolished down to 9th floor

2008-08-13 00:00:00

Demolishing of Rangs building is now continuing on the 9th floor while the process of removing 23 more establishments from the area is also going on to clear the way, reports UNB.Of the total, nine have already been pulled down...

CDA directive to demolish 60 risky buildings in Ctg

Our Correspondent | 2008-08-13 00:00:00

CHITTAGONG, Aug 12: Chittagong Development Authority (CDA) has found out a total of 60 buildings scattered in the port city as very risky and gave necessary directive asking the owners of those to demolish them, concerned sources said.Under the directive,...

Swden beat Canada 2-1 as both qualify for quarters

2008-08-13 00:00:00

BEIJING, Aug. 12 : Striker Lotta Schelin scored twice to give Sweden a 2-1 win over Canada in their final Group match of the Beijing Olympic Games Tuesday.Both teams went into the match earnestly knowing that they had already qualified...

Hosts bow to Spain

2008-08-13 00:00:00

BEIJING, Aug 12: Pau Gasol scored nine points in the overtime to lead world champions Spain to a 85-75 win over China Tuesday in the men's basketball competitions of the Beijing Olympic Games.The Los Angeles Lakers' centre gave Spain (2-0)...

Govt to provide millers Tk 1.25 a kg incentive to fulfil procurement target

FE Report | 2008-08-13 00:00:00

The government will provide millers Tk 1.25 for a kilogram of rice over the procurement price as an 'incentive' aiming to collect the targeted 1.5 million tonnes of Boro rice by August 31 deadline."We have offered Tk 1.25 as incentive...

Idle relationship between spouses

Md. Alamgir Noor | 2008-08-13 00:00:00

Marriage is a gift, a special bond between man and woman, husband and wife. Much has been written about how we should behave towards a spouse after marriage, but no texts are more appropriate than the teachings of the Qur'an...

ACC sues Srimongol municipality former chairman, CBA leader

2008-08-13 00:00:00

SYLHET, Aug 12 (UNB): The Anti-corruption Commission (ACC) has filed separate cases against former chairman of Srimongol municipality Mohsin Miah Madhu and Jalalabad Gas CBA leader Mashukuddin for amassing illegal wealth.ACC deputy director of Sylhet district coordination office M Nasiruddin...

Japan's economy contracted in second quarter

2008-08-13 00:00:00

TOKYO, Aug 12 (AFP): Japan is expected to report Wednesday that gross domestic product shrank in the second quarter of 2008, leaving Asia's largest economy teetering on the brink of recession, analysts said.But the downturn is expected to be relatively...

Shoaib returns for Champions Trophy

2008-08-13 00:00:00

Shoaib Akhtar has been named in Pakistan's 15-member squad for the Champions Trophy. Another comeback man is wicketkeeper Kamran Akmal, who had lost his place to Sarfraz Ahmed during the recent Asia Cup, reports Cricinfo.Fast bowler Umar Gul was also...

corporatewatch

2008-08-13 00:00:00

SEC permits to defer City Bank AGMThe Securities and Exchange Commission (SEC) has given no objection to hold 25th annual general meeting (AGM) of the bank by October 6, '08.SEC observation regarding Trust Bank accountAs per observation of the SEC,...

17,000 kids drown every yr: Study

2008-08-13 00:00:00

An estimated 30,000 people including children die of unnatural reasons every year in Bangladesh, of which 17,000 people aged between one and 18 die by drowning, said a survey of the Bangladesh Health and Injury (BHI).The BHI survey said the...

Mugabe under growing pressure for deal

2008-08-13 00:00:00

HARARE, Aug 12 (Reuters): Zimbabwe's ruling party said power-sharing talks resuming Tuesday risked collapse as it haggled with the opposition over roles in a new government.Marathon talks have so far failed to secure a breakthrough. After a second day of...

'Conspiracy' theory and TU rights in RMG

Shamsul Huq Zahid | 2008-08-13 00:00:00

Violence, it seems, has become a never-ending phenomenon in the country's export-oriented readymade garments (RMG) sector. It flares up every now and then in Dhaka or its adjoining areas or in the port city of Chittagong with RMG workers, allegedly,...

Adopting a comprehensive environment policy

Syed Ashraful Hasan | 2008-08-13 00:00:00

THE environment of Bangladesh has been deteriorating during the last two decades and a half. But the ministry that was exclusively created to address this worsening environmental situation seemed to do little to arrest its degradation going on at a...

Dhaka, KL sign MoU on money laundering info exchange

FE Report | 2008-08-13 00:00:00

Bangladesh has signed a memorandum of understanding (MoU) with Malaysia for exchange of information relating to money laundering.The MoU was signed between the financial intelligence units (FIU) of the two country's central banks in Kuala Lumpur Tuesday, officials said in...

'Forum on Zakat' to be held in city August 16

FE Report | 2008-08-13 00:00:00

Rahimafrooz is going to organise a 'Forum on Zakat' at the Carnival Hall of Bangladesh-China Friendship Conference Centre in the city at 10.30am on August 16, said a press release.DGM of Zakat Board of State of Selangor, Malaysia will present...

Number of Hajj pilgrims drops by 33pc this year

FE Report | 2008-08-13 00:00:00

The number of Hajj pilgrims will be lesser by around 33 per cent this year from the expected target of around 65,000, according to the Ministry of Religious Affairs and Hajj Agencies Association of Bangladesh (HAAB).A total of 45,416 intending...

China power past South Africa

2008-08-13 00:00:00

BEIJING, Aug 12 : Hosts China snatched a second clean win against South Africa 3-0 in the Olympic women's field hockey tournament here Tuesday.Forward Tang Chunling gave China a 1-0 lead in the 6th minute by scoring a field goal...