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Folly of exporting democracy at gun point

2008-09-14 00:00:00

Zahid ZamirSeven years ago on September 11 one of the most heinous acts in the history of human civilisation was perpetrated by hate mongers and terrorists in the name of religion. The September 11 attack on the Twin Towers of...

Primary education: privatisation is not the answer

2008-09-14 00:00:00

Abu Saleh ImranSome people have supported the move for involving a large non-government organisation (NGO) in monitoring developments relating to primary education school in the country. Some others oppose this. Before we look into the merits or demerits of involving...

India-Nepal trade can double by 2010

2008-09-14 00:00:00

NEW DELHI, Sep 13 (PTI): Industry body Assocham yesterday said the forthcoming maiden India-visit by Nepalese Prime Minister Prachanda will give a filip to bilateral trade, which is expected to double to three billion dollar by 2010. India-Nepal trade currently...

Australian minister visits ICRISAT headquarters

2008-09-14 00:00:00

PATANCHERU (Hyderabad), Sept 13: The Australian Minister for Foreign Affairs, Stephen Smith, visited the global headquarters of the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) at Patancheru, near Hyderabad recently, says a press release.Mr Stephen Smith was accompanied...

US wholesale prices down 0.9pc as energy retreats

2008-09-14 00:00:00

WASHINGTON, Sept 13 (AFP): A sharp drop in energy costs pulled wholesale prices down 0.9 per cent in August, the Labor Department reported yesterday in a sign of easing inflation pressures. The producer price index (PPI) showed its first decline...

US July trade deficit swells on oil, Chinese imports

2008-09-14 00:00:00

WASHINGTON, Sept 13 (AFP): The US trade deficit rose sharply to 62.2 billion dollars in July, the largest gap in more than a year, on record high oil prices and surging Chinese imports, government data showed yesterday. The July trade...

Walgreen offers $2.8B to buy Longs Drug Stores

2008-09-14 00:00:00

NEW YORK Sep 13 (AP): Walgreen Co. made an offer late Friday to buy Longs Drug Stores Corp. for $2.8 billion, hoping to unseat a rival offer from CVS Caremark Corp. that Longs had already accepted.Deerfield, Ill.-based Walgreen said it...

RBI asks banks to display services charges, rates on websites

2008-09-14 00:00:00

MUMBAI, Sep 13 (PTI): In order to make banking services more customer-friendly and transparent, Reserve Bank of India (RBI) yesterday asked banks to display all information regarding interest rates, service charges for credit cards and loan schemes among other things...

South Korea postpones $1b bond sale

2008-09-14 00:00:00

SEOUL, Sept 13 (AFP): South Korea said today it has postponed an overseas sale of sovereign bonds worth one billion dollars due to concerns over liquidity and the health of North Korea's leader. The Ministry of Strategy and Finance, in...

India's inflation dips slightly for third successive week

2008-09-14 00:00:00

NEW DELHI, Sept 13 (AFP): India's inflation rate has slowed for a third consecutive week, official data showed yesterday, but remained above the 12 per cent mark. Annual inflation slipped to 12.10 per cent for the week ended August 30...

Vietnam raises petroleum, oil import tax

2008-09-14 00:00:00

HANOI, Sept. 13 (Xinhua): Vietnam's Finance Ministry has decided to raise its import tax on most kinds of petroleum and oil products to 5 per cent on Sept. 15 from current zero per cent, according to local newspaper Pioneer today....

Lehman in eye of storm as turmoil extends

2008-09-14 00:00:00

NEW YORK, Sept 13 (AFP): The turmoil surrounding embattled Wall Street giant Lehman Brothers extended yesterday as its share meltdown continued and the company and US government scrambled to find a buyer. Shares in Lehman fell 9.3 percent to 3.84...

Star World Mall launched in Gulshan

2008-09-14 00:00:00

Star World Mall, the latest one stop mall in the capital with its state-of-the-art out-fitting and exclusive collections of world famous brand items at an exciting price, was formally launched recently, said a press release. A grand opening was held...

Eurozone chief sees financial crisis dragging on for months

2008-09-14 00:00:00

NICE, France, Sept 13 (AFP): The current crisis roiling the financial sector is likely to drag on for many months to come, the chairman of the eurozone finance ministers warned yesterday. "I am really convinced that we are not at...

Oil leads commodity prices lower

2008-09-14 00:00:00

LONDON, Sept 13 (AFP): Crude oil futures slid to six- month lows below 100 dollars this week and many other commodities fell as the dollar rallied and surveys pointed to lower demand for raw materials amid an economic slowdown. Losses...

Dollar wilts on weak US retail sales, shift in Fed outlook

2008-09-14 00:00:00

NEW YORK, Sept 13, (AFP): The dollar stumbled yesterday on an unexpected fall in US retail sales in anxious trading reflecting market uncertainty surrounding the fate of ailing US investment giant Lehman Brothers. The euro jumped to 1.4229 dollars at...

Swedish clothing giant opens first shop in Japan

2008-09-14 00:00:00

TOKYO, Sept 13, (AFP): Swedish high-street clothing giant Hennes and Mauritz today opened its first outlet in Japan, where competition in the casual fashion industry is fierce. More than 3,000 people, mostly women in their 20s and 30s, queued at...

India rules out regulating steel prices

2008-09-14 00:00:00

NEW DELHI, Sep 13 (PTI): Ruling out any price band, the government yesterday said domestic steel prices should come down following the softening global trend. "We do not fix steel prices, and do not favour any price mechanism for the...

Public transport fares in Singapore up next month

2008-09-14 00:00:00

SINGAPORE, Sept. 12 (Xinhua): Singapore's fare-setting Public Transport Council today announced that it has given the green light for an overall public transport fare adjustment. The Council announced in a statement that it has allowed operators to raise bus and...

Taiwan seizes milk powder from China

2008-09-14 00:00:00

TAIPEI, Sept 13, (AFP): Taiwanese authorities today seized nearly 10 tonnes of milk powder imported from China which was suspected of killing one baby and sickening dozens there. "We seized 393 of the 1,000 bags of milk powder totalling 25...

Khan Brothers' eid special

2008-09-14 00:00:00

Khan Brothers crops up with a huge collection of different items of women's attire and accessories on the occasion of eid. It includes fashionable wedding sharee, kamiz, lehenga and purse with men's traditional outfit like sherwani, panjabi etc. Khan Brothers...

Square Pharma marks its footsteps in Hong Kong

2008-09-14 00:00:00

FE ReportSquare Pharmaceuticals Ltd, the market leader of the Bangladesh pharmaceutical industry and the first Bangladeshi pharmaceutical company to attain the UK MHRA certification has recently started exporting its world-class pharmaceutical products to Hong Kong, said a press release. Hong...

Summit Alliance IPO lottery month-end

2008-09-14 00:00:00

FE ReportThe lottery of Summit Alliance Port Limited (SAPL), country's first off-dock container terminal company to determine the successful applicants will be held during the 3rd week of this month.The company's subscription against shares worth Tk 100 million (face value...

Lower position in 'ease' of doing business index

2008-09-13 00:00:00

The lower position of Bangladesh in the latest joint report of the World Bank (WB) and the International Finance Corporation (IFC) on the ease of doing business in some 181 countries, merits consideration. This serves as a pointer to the...

Flood control through best management practices

2008-09-13 00:00:00

Md. KhalequzzamanFlooding and the solutions to it can or should be analysed in the context of three fundamental parameters: run-off, water carrying capacity, and land elevation changes. What is needed is analysis of land use practices in watersheds over the...

Dhaka's hopeless traffic jams stop everything but the clock!

2008-09-13 00:00:00

A H Jaffor UllahTRAFFIC hardly moves in Dhaka's main artery during rush hours. Some people from mercantile community would prefer to leave their house late in the morning to simply avoid the all too familiar rush hour traffic jams. Their...

Back to square one?

2008-09-13 00:00:00

Amirul IslamTHIS government which came to power with the pledge to combat corruption and reform the political system now looks 'long 0n promises, short on actions'. It is performing much below the expectations it had earlier raised. Within months remaining...

Developing the Bangladesh Railway

2008-09-13 00:00:00

EVER since the creation of Bangladesh, the Bangladesh Railway (BR) was treated in a step-motherly way. Nearly 85 per cent of the public development budget in the transportation sector was spent on developing the road networks. This fund denial for...

Weekly holiday Friday only

2008-09-13 00:00:00

THE weekly public holiday on Friday should be unchanged in the greatest interest of the people. I think people in general in Bangladesh would support my proposal.Habibur Rashid IsmailJamea Rahmania Fadil MadrasahChoitenyar Hat, Chittagong

Poison in food items

2008-09-13 00:00:00

FOOD sellers are reportedly using poisonous chemicals in food items to make them more attractive and saleable. This is a crime that goes on unabated, despite sporadic drives against its perpetrators by mobile courts.Mixing harmful colours in food items has...