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Economic boom in Brazil shrinks number of poor

2008-08-07 00:00:00

BRASILIA, Aug 6 (AFP): The economic boom in Brazil has shrunk the proportion of poor in the country to less than a third of the population while the number of rich and, especially, middle-class have grown, a study released yesterday...

Mauritania forces stage coup

2008-08-07 00:00:00

NOUAKCHOTT, August 6 (Reuters): Presidential guardsmen seized Mauritanian President Sidi Mohamed Ould Cheikh Abdallahi in a coup d'etat on Wednesday, the president's daughter Amal Mint Cheikh Abdallahi said."The security agents of the BASEP (Presidential Security Battalion) came to our home...

Is China's slowdown a boon for others?

2008-08-07 00:00:00

Fazle Rashid from New YorkThe downturn in global economy in its inexorable march swept through almost all the nations of the world. The economic tsunami arrived late in China. It may have been the other way round. China's economic foundation...

BCB distribute trophies to NCL, Dhaka League teams

2008-08-07 00:00:00

Bangladesh Cricket Board (BCB) Tuesday distributed trophies and cash prizes among the champion and runners-up teams of the Ispahani Mirzapore Tea 9th National Cricket and Dhaka Metropolis Cricket Leagues 2007-2008, reports UNB.The prize distribution ceremony was held at the Winter...

People won't accept general election under emergency: Delwar

2008-08-07 00:00:00

BNP secretary general Khondoker Delwar Hossain Wednesday said the people wouldn't accept any government "design" to hold general election under the state of emergency, reports UNB.Exchanging views with Jhenidah District BNP at his NAM apartment in the evening, he said...

Musharraf cancels China visit amid talks on ouster

2008-08-07 00:00:00

ISLAMABAD, August 6 (Reuters): Pakistan's President Pervez Musharraf has cancelled a scheduled visit to China, a member of his entourage said on Wednesday, as opponents in the coalition government consulted over his possible impeachment."We have been told that the president's...

Global compliance issue: The aspiration of pharmaceutical industries beyond 2016

Moshiur Rahman | 2008-08-07 00:00:00

IT is not that the export opportunity of made-in-Bangladesh medicine has grown in a solitary pace. Noticeably, the pharmaceutical industries here had to track down and encounter a huge competition both in national and international arena to reach this altitude....

Kuwaiti govt to pay all dues of deported workers

2008-08-07 00:00:00

The government of Kuwait has decided to pay off all arrears of salary, allowance, service benefits and insurance claims to the Bangladeshi workers deported from the Gulf country through the Bangladesh Embassy over there, an official announcement said Wednesday, reports...

Dollar hits seven-week high against yen

2008-08-07 00:00:00

TOKYO, Aug 6 (AFP): The dollar hit a seven-week high against the yen in Asia today but slipped against the euro as traders bet that eurozone interest rates will stay at a seven- year high this week to fight inflation.The...

IBBL awareness programme for business promotion held

2008-08-07 00:00:00

Executives, officials and staff of Islami Bank Bangladesh Limited (IBBL), Khulna Zone have been directed to collect deposit, over-due investment and remittance.Deputy Managing Director and Head of Investment Wing of the bank Md Habibur Rahman gave the directive while speaking...

BAEC takes Tk 100m project to detect congenital hypothyroidism

FE Report | 2008-08-07 00:00:00

Bangladesh Atomic Energy Commission (BAEC) has taken an annual development programme (ADP) project at a cost of Tk 100 million (10 crore) approved by the government aiming at detecting congenital hypothyroidism, which is a serious disease.Under this project about 24,000...

NBR chairman urges NRBs to send remittances thru

FE Report | 2008-08-07 00:00:00

The National Board of Revenue (NBR) Chairman Muhammad Abdul Mazid Wednesday urged the non-resident Bangladeshi to send remittance in formal channel instead of hundi.Movable and immovable properties possessed with the amount of hundi will be considered as illegal property, he...

Eurozone business activity close to seven-year low

2008-08-07 00:00:00

BRUSSELS, Aug 6 (AFP): Business activity in the 15 countries using the euro in July fell to the lowest level since November 2001, as consumer spending falls, surveys showed yesterday, ramping up fears of recession.The Eurozone's purchasing managers' index (PMI),...

US tops list of Bangladeshi goods importers

2008-08-07 00:00:00

The United States (US) topped the list of countries importing Bangladeshi commodities with its import volume hitting US$ 3,216 million in the fiscal 2007-2008, reports BSS.According to Export Promotion Bureau (EPB) statistics, Bangladesh's export earnings from July to May of...

Prime Bank Road Show concludes

FE Report | 2008-08-07 00:00:00

Prime Bank Road Show that started in the middle of March this year at the bank's Gulshan branch in the city finally concluded at its Barisal and Khulna branches recently.During the four and a half-month long campaign the Road Show...

No change expected in Fed interest rates

2008-08-06 00:00:00

WASHINGTON, Aug 5 (AP): The Federal Reserve, caught between mounting job losses and rising inflation, is likely to sit tight and hope that the interest rate cuts it has already provided will be enough to heal a sick economy.Private economists...

Chand Sultana Literacy Prize to be given today

FE Report | 2008-08-06 00:00:00

Prize giving ceremony of the Chand Sultana Literacy Prize-2007 organised by Dhaka Ahsania Mission (DAM) will be held at the DAM auditorium, Dhanmondi, in the city at 11am today (Wednesday), said a press release.Parul Begum, a housewife of Taragonj in...

Japanese investors keen to invest in Bangladesh

2008-08-06 00:00:00

Japanese investors have expressed their keen interest to invest in Bangladesh.They expressed their interest while taking part in an investment seminar organised by the Japan External Trade Organisation (JETRO), the official trade and investment promotion organisation of government of Japan,...

Demonstration on Dhakabiz.com held

2008-08-06 00:00:00

A high official of Bangladesh Bank Monday lauded Dhakabiz.com, the country's first real time financial information service likely to hit the cyber space very soon, for its innovative tools and lucrative packages on offer to buyers and sellers.The appreciation came...

27 killed in fresh fighting in Sri Lanka

2008-08-06 00:00:00

COLOMBO, Aug 5 (AFP): At least 26 Tamil rebels and a government soldier were killed in fresh fighting in Sri Lanka's north, the defence ministry said Tuesday.The clashes were in the Vavuniya, Mullaitivu and Weli Oya districts on Monday, the...

Hasina congratulates newly elected mayors, councillors

2008-08-06 00:00:00

Bangladesh Awami League (AL) president and former premier Sheikh Hasina, now in USA for treatment, has felicitated the newly elected mayors and councilors of city corporations and municipalities, reports UNB.In a congratulatory message sent by phone to her press secretary...

Call to ensure rights of aboriginal people to land

2008-08-06 00:00:00

NABABGANJ, Aug 5 (BSS): Speakers including aboriginal community leaders here in a discussion meeting asked the government for ensuring rights of the aboriginal people to land and forming an Aboriginal Welfare Trust.The speakers said this while speaking at the meeting...

Establishing more exchange houses

2008-08-06 00:00:00

BRIGHT opportunities exist to enhance receipts of foreign currency substantially through remittances from our overseas workers by clamping down hard on the transfer of foreign currencies through the illegitimate hundi channels, on the one hand, and by encouraging the remittances...

Founding anniversary of Nat'l Museum tomorrow

2008-08-06 00:00:00

Bangladesh National Museum has chalked out a day-long programme including seminars, a special exhibition and a cultural function today (Wednesday) marking its 95th founding anniversary that falls tomorrow (Thursday), reports BSS.Secretary for Ministry of Cultural Affairs M Shariful Alam will...

Govt of Western Australia certifies AusIS

FE Report | 2008-08-06 00:00:00

The government of Western Australia has recently certified Australian International School (AusIS), a secular English medium school in Dhaka.The AusIS follows the Western Australian Curriculum.The curriculum council of Western Australia has reviewed the teaching/learning/assessment programme of the Australian International School...

Dollar mixed ahead of US rate decision

2008-08-06 00:00:00

TOKYO, Aug 5 (AFP): The dollar was mixed in Asian trade today as traders took to the sidelines ahead of a US Federal Reserve meeting, waiting for any hints of future interest rate rises, dealers said.The dollar slipped to 108.10...

'All fallow lands should be brought under cultivation'

2008-08-06 00:00:00

All fallow lands in the country should be brought under cultivation to boost food production.Special Assistant to the Chief Adviser for Social Welfare, and Post and Telecommunications MA Malek said this while exchanging views with the district level government officials,...

GP CellBazaar launches voice based service

FE Report | 2008-08-06 00:00:00

CellBazaar, an innovative market-access service from Grameenphone Ltd, is launching a voice platform to enhance both CellBazaar Service proposition and user convenience.Using Grameenphone CellBazaar, buyers and sellers would be able to trade basic goods (e.g. rice, motorcycle, electronics, etc.) through...

Iran hands over nuclear reply to powers

2008-08-06 00:00:00

TEHRAN, August 5 (Reuters): Iran's written reply to a proposal backed by six world powers aimed at defusing a row over Tehran's disputed nuclear program has been handed over to European Union officials, Iran's Fars News Agency said Tuesday. An...

Testimony deferred again in Boshundhora bribery case

2008-08-06 00:00:00

A special court has again deferred testimony in a bribery case against Tarique Rahman and others, relating to the murder of Boshundhora Group director Humayun Kabir Sabbir, reports bdnews24.com.Judge Shahed Noor Uddin on Tuesday set Aug 14 for proceedings to...