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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...

BDR Inter-Sector Wrestling begins in Ctg today

2008-08-03 00:00:00

Bangladesh Rifles Inter Sector Wrestling Competition, organised by 28 Riffle Battalion and supervised by BDR Chittagong Sector, will begin in the port city today (Sunday), reports UNB.Some 12 sector-level teams will take part in the five-day meet. The teams are...

Iran accuses US of double-standards on nuclear issue, misses informal nuclear offer deadline

2008-08-03 00:00:00

TEHRAN, August 2 (Reuters) : Iran has accused the United States of double standards following a nuclear deal with India, state television said Saturday, just before a deadline set by the West in a dispute over Tehran's own atomic ambitions.Western...

Prices of essentials up in Rajshahi kitchen mkts

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

RAJSHAHI, Aug 2: The prices of almost all essential commodities, including all kinds of vegetables, shot up in the kitchen markets in the district last week, adding woes to poor folks.Of them, the prices of rice, maize, pulses, edible oil,...

BNP leaders unite in call for Khaleda's release, says Hannan Shah

2008-08-03 00:00:00

Khaleda Zia's adviser ASM Hannan Shah has echoed Mannan Bhuiyan's sentiment that only the BNP chairperson can unite the troubled party, but added that Bhuiyan himself was responsible for the divide, reports bdnews24.com."Only the leader can remove the division created...

WiMAX heats up

2008-08-03 00:00:00

Guan Zhenzhen & Liu ZhonglinAfter years of development, WiMAX earned its place as part of the ITU IMT2000 standards and became one of the 3G standards in October 2007. Increasingly more operators have gravitated towards WiMAX.However, what is the user...

Parmalat accepts 270m euros from Unicredit

2008-08-03 00:00:00

MILAN, Aug 2 (AFP): Italian food group Parmalat has accepted a 271.7-million-euro payment from Unicredit in exchange for withdrawing the company's legal actions against the bank stemming from Parmalat's 2003 collapse, Unicredit said Friday.The deal, worth US$423 million, "brings to...

Northern University reaches a new height

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

DESPITE limitation of campus facilities, Northern University Bangladesh (NUB), one of the leading private universities of the country, has successfully completed its second convocation ceremony earlier this month.. It is attracting a good number of new students every year.A total...

Karmasangsthan Bank holds branch managers' confce

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

The Branch Managers' Conference-2008 of Karmasangsthan Bank was held in the BIAM auditorium in the city Saturday, said a press release.Chairman of the bank's board of directors and Secretary to the government Md Sirajul Islam attended the meeting as the...

No alternative to implementing proposed Police Ordinance: IGP

2008-08-03 00:00:00

Inspector General of Police (IGP) Nur Mohammad said there was no alternative to implementing the proposed Bangladesh Police Ordinance-2007 to make the police more transparent, professional and accountable to the people.The IGP made the remark at a seminar on 'Necessity...

Whitherwards Indian politics ?

Dr. Abdul Ruff Colachal | 2008-08-03 00:00:00

INDIAN polity could be surmised as a game of money and muscle with big business and media lords aided by the establishment playing the central role.The common people have no voice of their own. People just vote standing in long...

Greenback weak against BDT

Sarwar Zahan | 2008-08-03 00:00:00

US dollar closed weak against Bangladesh taka (BDT) in the inter-bank foreign exchange market last week due to lower demand for and increased supply of the greenback, fund managers said.The lower import payment obligations resulted in reduced demand for dollar,...

Citycell steps in to raise breastfeeding awareness

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

Citycell recently joined hands with Japan Bangladesh Friendship Medical Services Limited to increase awareness on the importance of breastfeeding among people of the country on World Breastfeeding Week, 1-7 August, 2008.Ministry of Women and Children Affairs Adviser Rasheda K Choudhury...

Rampura KC beat Mansoor SC

2008-08-03 00:00:00

Rampura KC brightened their chance to reach the semifinal of the Dhaka City Corporation Pioneer Football League beating all-losers Mansoor Sporting Club by 3-1 goals at the Bir Shreshtha Shaheed Sepoy Mohammad Mostafa Stadium at Kamlapur in the city Saturday,...

Positive thinking leads to academic success

M A Islam | 2008-08-03 00:00:00

"WHAT is the use of studying so seriously at the beginning of the year or semester?"- this is a very common criticism students have to hear from their fellow classmates. In Bangladesh, especially in university level, whoever becomes serious at...

India's exports up 24pc

2008-08-03 00:00:00

NEW DELHI, (Internet): India's exports grew by 23.5 per cent in June 2008 to $14.66 billion, compared to US$11.87 billion in the same month last year.Imports during the month grew by 25.9 per cent to US$24.45 billion from US$19.42 billion,...

news digest

Five dead in Ecuador | 2008-08-03 00:00:00

helicopter crashQUITO, Aug 2: An Ecuadoran military helicopter crashed Friday northeast of Quito, killing five soldiers aboard, the army said. The aircraft was on a personnel transfer flight when it went down near the town of San Miguel de los...

IPDC launches Club Royal

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

Industrial Promotion and Development Company of Bangladesh Limited Thursday launched IPDC Club Royal, an optimal Lifestyle privilege service with benefits and special pricing exclusive to customers who meet the criteria in the form of term deposits.Masih-ul-Huq Chowdhury, MD &CEO addressed...