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EC invites BNP, allies to Saturday dialogue

2008-09-19 00:00:00

The Election Commission (EC) Thursday formally invited BNP and its political allies to a conclusive dialogue on election preparations, to be held tomorrow (Saturday), reports UNB.EC secretary M Humayun Kabir told a press briefing that they would separately sit with...

Polluted WASA water compounds Rampura residents' woes

2008-09-19 00:00:00

FE Report Drinking water being supplied to Rampura and adjoining areas in the city is getting polluted due to leaks in the Dhaka WASA pipeline, which is the major cause of health hazards in the areas.The residents of the area...

BRTA submits proposals for improving taxicab facilities

2008-09-19 00:00:00

Mahmuda Shaolin Bangladesh Road Transport Authority (BRTA) has placed a set of proposals to the ministry of communications for amending ‘Taxicab Services Policy Guideline 1998’ to improve the country’s taxicab facilities. In collaboration with Bangladesh Association of Taxi Cab Operators...

Shrimp of over 1000 enclosures washed away

2008-09-19 00:00:00

BAGERHAT, Sept 18: Shrimp of over 1,000 shrimp enclosures along the coastal areas of Bagerhat district was washed away by tidal waves due to a depression in the last two days. Shrimp farmers said due to the depression, water levels...

Giving work to the hard-core poor

2008-09-18 00:00:00

The government has finally launched its 100-day employment generation programme for two million hard-core poor across the country. The beneficiaries of the programme will include families affected by natural calamities as well as the near-famine condition in the northern districts...

South Asia: Worsening security scenario

2008-09-18 00:00:00

Enayet RasulSouth Asia, home to one quarter of humanity, is seen to be getting drawn into a vortex of security related problems. Potential interventionists in the region's affairs may contend that the insecurity is the making of the political entities...

China, too, feeling the heat

2008-09-18 00:00:00

Fazle Rashid from New YorkCHINA, which has the largest reserve of foreign exchange in the world, was a mute witness to a large dip in its exports earning. China had so far remained unaffected by the global economic slowdown.China has...

The scourge that is eve teasing

2008-09-18 00:00:00

THIS happened in Jhenaidah. Krishna of Tikari village was a student of Class XII at JMC College but on her way to and from the college she was regularly teased by fellow student Rubel. Then on September 1, during a...

Computer for police stations

2008-09-18 00:00:00

The police have to spend much time in writing case diaries and investigation reports by hand. The archaise system inherited from the colonial era continues unchanged. Outdated keeping of records of criminals hampers speedy handling of cases when the soaring...

Lehman collapse spurs call for credit clearinghouse

2008-09-18 00:00:00

Shannon D. HarringtonBanks may accelerate efforts to move trading in the $62 trillion credit-default swaps market through a central clearinghouse or to an exchange after the bankruptcy of Lehman Brothers Holdings Inc. and the credit downgrade of American International Group...

The American war moves to Pakistan

2008-09-18 00:00:00

Tariq Ali The decision to make public a presidential order of last July authorizing American strikes inside Pakistan without seeking the approval of the Pakistani government ends a long debate within, and on the periphery of, the Bush administration. Senator...

The most secretive govt ever?

2008-09-18 00:00:00

William Fisher from New YorkThe administration of President George W. Bush continues to expand government secrecy across a broad array of agencies and actions -- and at greatly increased cost to taxpayers, according to a coalition of groups that promote...

'Rebalancing global economy means more energy to developing economies'

2008-09-18 00:00:00

LONDON, Sept 17 (Xinhua): A profound rebalancing of the global economy requires increasing levels of energy and amounts of raw materials for developing countries, Pierre Gadnonneix, head of World Energy Council said here yesterday. Speaking at the opening ceremony of...

Presidency University organises workshop

2008-09-18 00:00:00

A day-long workshop on "strategic supply-chain management for professionals" organised by the professional development programme of Moazzam Hossain School of Business, Presidency University on its campus in the city recently.It was designed for those who are engaged in supply chain,...

Inflation threatens to inflict 'lasting damage' on Asia

2008-09-18 00:00:00

MANILA, Sept 17 (AFP): Asia's high inflation problem is due to lax monetary policy rather than soaring food and energy prices, and the threat of "lasting damage" is real, the Asian Development Bank (ADB) warned today. The Manila-based lender Tuesday...

US August home starts seen at lowest level in 17 years

2008-09-18 00:00:00

WASHINGTON, Sept 17 (Reuters): A record rate of foreclosures probably kept many US home builders off the job last month, pushing the rate of groundbreaking for new homes to its lowest level in more than 17 years, a poll showed.Housing...

Worst of financial crisis may lie ahead, IMF head warns

2008-09-18 00:00:00

CAIRO, Sept 17 (AFP): The global financial crisis is not over and more banks could close, possibly leading to the disappearance of independent investment houses, International Monetary Fund (IMF) chief Dominique Strauss-Kahn told the news agency. "The fact that a...

Taiwan cuts bank reserve requirement ratios

2008-09-18 00:00:00

TAIPEI, Sept 17 (AFP): Taiwan's central bank has cut bank reserve requirements in an effort to increase liquidity and beat back the turmoil on global financial markets. The bank announced that starting Thursday, reserve requirement ratios on Taiwan dollar deposits...

US, China ink trade deals

2008-09-18 00:00:00

YORBA LINDA, California, Sept 17 (Internet): The United States and China announced Tuesday a raft of trade agreements at the end of bilateral trade talks amid a faltering US economy buffeted by a financial crisis.The talks coincided with plunging global...

Economy to stay sluggish: BoJ

2008-09-18 00:00:00

TOKYO, Sept 17 (Internet): The Bank of Japan (BoJ) said Wednesday that it expected the world's second largest economy to remain sluggish for now amid market turmoil as it kept interest rates at a low 0.50 per cent.The central bank...

OPEC lowers oil market forecast again

2008-09-18 00:00:00

VIENNA, Sept. 17 (Xinhua): The demand of crude oil on the international market is estimated to be 86.80 million barrels per day for 2008 and 87.70 mb/d for 2009, said the September monthly report released by the Organization of Petroleum...

Dollar extends gains on AIG rescue

2008-09-18 00:00:00

TOKYO, Sept 17 (AFP): The dollar extended gains against the yen in Asian trade Wednesday after the US Federal Reserve announced an unprecedented rescue package for troubled insurance giant AIG, dealers said. The greenback was also supported after the Fed...

Training course on sweater knitting ends in Gaibandha

2008-09-18 00:00:00

Our CorrespondentGAIBANDHA, Sept 17: A month-long training course on sweater knitting and linking machine operating (SKLMO) for the trainees of the 11th batch ended at the Youth Training Center (YTC) here recently.The aim of the course was to create skilled...

TATA Motors launches new product

2008-09-18 00:00:00

FE Report TATA Motors of India, along with their distributor in Bangladesh - Nitol Motors Ltd, launched its CNG variant pickup TATA ACE in Bangladesh Wednesday. Nitol Motors Limited managing director Mussabir Ahmed, country manager of Tata Motors - N...

Pvt ICDs to face action for not complying with set conditions

2008-09-18 00:00:00

Our CorrespondentCHITTAGONG, Sept 17: Chittagong Customs House will soon take action against some private inland container depots (ICD) for their failure to comply with different terms and conditions set for transacting business.Activities of some ICDs, including Sea Fearer Ltd, Iqbal...

Pubali Bank, United Leasing sign term loan deal

2008-09-18 00:00:00

FE ReportA term loan agreement for Tk 200 million (20 crore) was signed between Pubali Bank Limited and United Leasing Company Ltd in the city recently. Managing Director of the bank Helal Ahmed Chowdhury and Managing Director of United Leasing...

HSBC tops world banks in Banker survey

2008-09-18 00:00:00

FE ReportHSBC has become first in a Banker Magazine survey of the world's top 1,000 banks. HSBC took the crown following nine years of US domination and jumped two places from its third position last year. It also came top...

Square Pharma approves 40pc cash, 35pc stock dividends

2008-09-18 00:00:00

FE ReportSquare Pharmaceuticals Ltd has approved cash dividend at the rate of 40 per cent and stock dividend (bonus share) at the rate 35 per cent to its shareholders for the year ended March 31, 2008. The approval came at...

Call rate stays at high, dollar soft

2008-09-18 00:00:00

FE Report The inter-bank call money rate mostly maintained its high level Wednesday although the central bank used its tool to inject large amount of fresh cash into the market. The US dollar, however, weakened slightly against Bangladesh taka (BDT)...

Shahjalal Bank opens branch at Keranigonj

2008-09-18 00:00:00

FE ReportShahjalal Islami Bank Limited (SJIBL) opened its 30th branch at Keranigonj in Dhaka Wednesday. Sponsor shareholder of the bank Mohammad Hasan formally inaugurated the branch.Hasan said SJIBL is being operated by an expert team of professionals with international standard....