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Thousands of workers strike in inflation-battered Vietnam

2008-08-03 00:00:00

HANOI, Aug 2 (AFP): Thousands of workers have gone on strike in Vietnam, demanding higher wages to match the rising cost of living after inflation surged 27 per cent year-on-year in July, media reported today.Nearly 5,000 labourers downed tools from...

Diplomatic drive to end Kuwaiti labour disputes faces setback

Naim-Ul-Karim | 2008-08-03 00:00:00

Dhaka's diplomatic drive to end impasse over Bangladeshi workers' unrest in Kuwait has faced a setback as the oil rich Muslim kingdom is still not keen to host a visit by the country's foreign advisor, a senior official said Saturday.Foreign...

Bond licence of 2 ICDs cancelled

Our Correspondent | 2008-08-03 00:00:00

CHITTAGONG, Aug 2: The Chittagong Customs House (CCH) cancelled bond licence of two Inland Container Depots (ICDs) as the concerned ICDs failed to comply with the specified terms and conditions set for obtaining a licence, CCH sources said.The penalised ICDs...

Oil prices spike as Iran nuclear row returns to haunt market

2008-08-03 00:00:00

LONDON, Aug 2 (AFP): World oil prices faced a rollercoaster ride this week, tumbling on US demand concerns before rocketing higher on resurgent fears about the Iranian nuclear energy crisis, traders said.Some commodities fell in value as poor US economic...

Flintoff rattles South Africa's chase

2008-08-03 00:00:00

EDGBASTON, Aug 2 (Cricinfo): The fourth day of this gripping Test exploded into life as Andrew Flintoff's rapid yorkers removed two key wickets and left the South African camp fuming. Neil McKenzie and Jacques Kallis lost sight of deliveries from...

Students ransack dining room at Barisal Women's College

2008-08-03 00:00:00

BARISAL, Aug 2 (UNB): Agitated students of Barisal Government Women's College hostel staged demonstration and ransacked its dining room early Friday, protesting 30 per cent increase in daily meal charges.Students of Rowshan Jahan Hostel alleged that hostelsuperintendent Bashirul Huq Thursday...

More Bangladeshis deported from Middle East

2008-08-03 00:00:00

Two Middle Eastern countries, Kuwait and Saudi Arabia, continued to deport Bangladeshi workers Saturday on charges of violating local laws, reports bdnews24.com.A total of 224 Bangladeshis-139 from Saudi Arabia and 85 from Kuwait-were sent back Saturday, according to an estimate...

Economic outlook is not promising

Md Mohsin Ali | 2008-08-03 00:00:00

AT least a 6.0 per cent economic growth has been projected for the current fiscal year. Some donors, including the Asian Development Bank (ADB), also expect a similar growth prospect.The hard-headed observers of the economy do not, however, share such...

Preparations complete for holding polls to 4 city corpns, 9 municipalities

2008-08-03 00:00:00

All preparations are complete for holding polls to four city corporations and nine municipalities Monday, with voter's ID card for the first time in the country, where hectic election campaigns are banned after Saturday midnight, reports UNB.Election Commissioner Brig Gen...

10 tonnes of looted iron rods seized in Sherpur

2008-08-03 00:00:00

SHERPUR, Aug 2 (UNB): The police recovered 10 tonnes of looted iron rods from a godown in Sheripara area of the district town and arrested a businessman in this connection Thursday.Sub-Inspector (SI) of Sadar thana Mizanur Rahman said a truck...

Heavy fighting kills 52 in Sri Lanka ahead of South Asian summit

2008-08-03 00:00:00

COLOMBO, August 2 (AFP): Heavy fighting broke out in northern Sri Lanka on the eve of a South Asian summit in the capital, leaving at least 14 government soldiers and 38 rebels killed, a military official said Saturday.The rebel Liberation...

Guideline for sharing telecom infrastructure prepared

Syed Ishtiaque Reza | 2008-08-03 00:00:00

The Bangladesh Telecom-munication Regulatory Commission (BTRC) has prepared a guideline for sharing of infrastructure among private stakeholders in the field of telecommunications to foster growth and stimulate investment in the sector.The BTRC came up with the guideline to encourage the...

Gayoom makes record attending all SAARC summits

2008-08-03 00:00:00

COLOMBO, Aug 2 (UNB): Maldives President Maumoon Abdul Gayoom is the luckiest South Asian leader who broke his own record and created a new one by attending all the SAARC summits since its inception in 1985.He attended the first SAARC...

Fund crisis hampers Parbatipur Locomotive Workshop operation

Our Correspondent | 2008-08-03 00:00:00

NILPHAMARI, Aug 2: Diesel Locomotive Workshop at Parbatipur repaired a total of 22 diesel locomotives last year but due to fund constraint the overhauling work remained unsatisfactory.According to sources, the overhauling of a locomotive needs Tk 8.0 million (Tk 80...

Partnership for betterment of people's conditions in South Asia

2008-08-03 00:00:00

Problems of environmental and climate change, swelling food and fuel prices, economic slow-down, terrorism and new migration flows, and the risk of increasing conflicts over limited resources do generally have a regional dimension. Most of the world's conflicts occur in...

Fukuda aims for new start in Japan

2008-08-03 00:00:00

TOKYO, August 2 (AFP): Japanese Prime Minister Yasuo Fukuda vowed Saturday to fight price hikes and boost cooperation with Asian countries, as he attempted to breathe new life into his government after a cabinet reshuffle.Fukuda called the first meeting of...

Disburse more credit to rural areas: Aziz

FE Report | 2008-08-03 00:00:00

Finance and planning adviser Mirza Azizul Islam Saturday urged the commercial banks to disburse more credit to rural areas in an effort to reduce the growing resource gap between the rural and urban areas."The banks usually mobilise their assets from...

US jobless rate highest in four years, payrolls drop

2008-08-03 00:00:00

WASHINGTON, Aug 2 (Reuters): The US unemployment rate hit its highest in four years during July as employers cut jobs for a seventh straight month, though less severely than predicted, a Labour Department report showed Friday.The rising toll of job...

Sehwag, Gambhir wrest initiative

2008-08-03 00:00:00

GALLE, Aug 2 (Cricinfo): The Galle Test continued to amaze. The third day featured periods of heavy attrition, heavy artillery, then some attrition and some more artillery, and two wickets in two overs to cap it off. India managed to...

AL, BNP hold meetings in Rajbari

2008-08-03 00:00:00

RAJBARI Aug 2 (BSS): A meeting of the district committee of Bangladesh Awami League (AL) was held at its office Saturday and decided to hold month-long programme on the occasion of National Mourning Day on August 15.Md Zillul Hakim, president...

IBBL, Rajshahi zone organises meet on business promotion

FE Report | 2008-08-03 00:00:00

A meeting on 'Business Promotion', organised by Rajshahi zone of Islami Bank Bangladesh Ltd (IBBL), was held at Rajshahi Saturday, said a press release.Mohd Shamsul Haque, deputy managing director (DMD) and head of operations wing of the bank, attended the...

Aussie chief tips China to top gold medal tally

2008-08-03 00:00:00

SYDNEY, Aug 2 (AFP): Australia's Olympics chief John Coates has predicted that China will top the United States in the gold medal tally at the Beijing Games, a report said today.The Americans have dominated the last three Olympics since finishing...

Realtors threaten to quit business

FE Report | 2008-08-03 00:00:00

The country's realtors Saturday urged the government not to promulgate the proposed Real Estate Management Ordinance-2008.They claimed that the ordinance, if enforced, would discourage investment in the sector and give rise to a new crisis in the housing sector.The council...

Draft ordinance and the real estate scenario

Shahiduzzaman Khan | 2008-08-03 00:00:00

The government and the real estate developers are apparently at loggerheads over the passage of a draft ordinance named as 'Real Estate Management Ordinance 2008,' which is designed to regulate the country's booming real estate sector. The law ministry has...

Thoman battles back after Olympic disappointment

2008-08-03 00:00:00

MINNEAPOLIS, Minnesota, Aug 2 (AFP): Nick Thoman, who missed out on a place on the US Olympic swimming team, became the second fastest performer ever in the 100m backstroke Friday with a time of 52.92sec at a meeting here.Thoman was...

'Employers' abuses forced workers to resort to strike'

FE Report | 2008-08-03 00:00:00

The Kuwaiti government has acknowledged that abuses by some employers forced the Asian workers to resort to strike, The Friday Times, weekend publication of the Kuwait times, reported quoting the state news agency KUNA."The most notable violations were delayed payments...

Roqibul, Dollar lead Bangladesh A to win over MCC

2008-08-03 00:00:00

A swashbuckling century from Roqibul Hasan helped the Bangladesh A team thrash the Marylebone Cricket Club (MCC) by 80 runs at Durham University ground, England Friday, reports UNB.The MCC were bundled out for 195 in 40.4 overs, chasing a challenging...

PDP faces split over leadership

2008-08-03 00:00:00

A clear split opened in the newly formed Progressive Democratic Party (PDP), a day after a 251-member national committee was announced, reports bdnew24.com.In a statement released Saturday, two members of the party's standing committee, HMA Gaffar and vice-president Dewan Nurun...

Wanderers, Victoria, Sunrise reach final round

2008-08-03 00:00:00

Dhaka Wanderers Club, Victoria SC and Sunrise SC reached the final round of the Citycell Federation Cup Football Tournament eliminating their rivals at different venues in the city and adjoining areas Saturday, reports UNB.The three teams will join Jatrabari KC...

Sonali Bank observes 'service fortnight' from today

FE Report | 2008-08-03 00:00:00

Sonali Bank Ltd, a leading nationalised commercial bank, will observe August 3-14 as 'Service Fortnight', said a press release.The aim is to ensure better customer service and make all its schemes public-oriented.For achieving the goal, Sonali Bank has laid emphasis...