BSB sanctions Tk 920.07 million to 20 projects

Bangladesh Shilpa Bank (BSB) sanctioned Tk 920.07 million (92 crore 07 lakh) to 20 projects and disbursed Tk. 384.10 million (38 crore 41 lakh) during the last financial year (2007-'08) .At the same time the bank recovered Tk. 981. 20...

Glittering inaugural of the 29th Olympiad in Beijing

Fazle Rashid from New YorkCHINA justifiably prided itself on the fact that the entire world watched with awe and admiration the glittering inaugural ceremony of the 29th World Olympiad. The quarters who wanted to disrupt the games by raising such...

PSI co may get contract for container scanners at port

The government is likely to award the contract for supply, installation and operation of four container scanners at Chittagong port to a pre-shipment inspection (PSI) company, which emerged as the successful bidder in a re-tender process.The project will be financed...

Spain facing worse economic slowdown than expected

MADRID, Aug 10 (AFP): The Spanish economy, long a motor of growth and job creation in the Eurozone, is facing a deeper and faster-than-expected slowdown as the impact of the end of a property boom spreads to other sectors."The economy...

Tagliariol, Jeannet reach epee individual final

BEIJING, Aug 10 Italy's Matteo Tagliariol and French fencer Fabrice Jeannet have advanced into the gold medal match of the men's epee individual event Sunday at the 2008 Olympic Games.Tagliariol beat Spanish player Jose Luis Abajo and Jeannet defeated Hungary's...

Mahathir won't stand against Anwar in vote

KUALA LUMPUR, Aug 10 (AFP): Former Malaysian premier Mahathir Mohamad has denied speculation he will run against his arch-foe, opposition leader Anwar Ibrahim, in a by-election expected to return Anwar to parliament.Anwar was Mahathir's deputy and heir apparent until 1998...

Ericsson starts 3G pilot project

The present government is very much pro-technology and cordial to adopting new technologies in the country for the welfare of its people, Chief Adviser's Special Assistant Brigadier General (retd) MA Malek has said."Inauguration of the 3G pilot project is a...

Drug issues

IT is necessary for the government to regulate drug prices. The companies, in free market system, may be allowed to set drug prices but they should be obliged to do so -- reasonably and ethically -- in order to ensure...

100 maunds carbide mixed mangoes seized in Pirojpur

PIROJPUR, Aug 10 (UNB): Mobile court in a drive Saturday seized 100 maunds of carbide mixed mangoes from four godowns at Hularhat in Sadar Upazila and realised Tk 0.17 million (1.7 lakh) in fine.

Lu enters last 16

BEIJING, Aug 10 (Xinhua): World No. 2 Lu Lan from China entered the last 16 of the badminton tournament at the Beijing Olympics, as her rival Karen Foo Kune from Mauritius retired over injuries here Sunday.Lu beat Kune 21-3 in...

Nat

The preliminary round of the 28th National Men's Kabaddi Championship begins tomorrow (Tuesday) at Dhaka Kabaddi Stadium with the Services zone matches, reports UNB.A total of 24 teams will compete in the prestigious national championship, organised by Bangladesh Kabaddi Federation...

Consumers expect stocks to fall: Survey

NEW YORK, Aug 10 (Reuters): Households consider it more likely than ever that their stock holdings will fall in value over the next year, a survey released Friday said.The Reuters/University of Michigan survey said consumers saw a 40.60 per cent...

Europe needs boardroom diversity to stay competitive

Too German, too white and too male: that was the verdict of Siemens' own chief executive on the engineering group. But Peter L

commodities digest

urge subsidy from govtBEIJING, Aug. 10: China Electricity Council, an organisation of all China's power enterprises, urged the governmentto subsidise power enterprises to maintain their normal operation, reported Xinhua-run Shanghai Securities Journal. The suggestion comes at a time when profit...

Cameroon takes over Honduras

QINHUANGDAO, Aug 10 (Xinhua): Cameroon took over Honduras 1-0 in the Olympic men's football tournament here Sunday.Midfielder Stephane Mbia's right-foot low shot in the 74th minute finally opened the scoring for Cameroon after they wasted several great opportunities.In the 85th...

Russia expands bombing blitz in Georgia

TBILISI (Georgia), Aug 10 (AP): Russia expanded its bombing blitz Sunday against neighbouring US-allied Georgia, targeting the country's capital for the first time while Georgian troops pulled out of the breakaway province of South Ossetia, as Russia has demanded.Georgia's Security...

Xian retains Olympic gold

BEIJING, Aug 10 (Xinhua): Defending champion Xian Dongmei won China's first judo gold medal at the Beijing Olympic Games here Sunday, stunning Kum Ae An from DPR Korea in the 52kg class final.Xian flipped Kum Ae An with a yuko...

Dhaka Abahani, Chittagong Mohammedan reach qtrs

Dhaka Abahani reached quarterfinal of the Citycell Federation Cup Football Tournament eliminating Chittagong Abahani by 4-1 goals in the group B match at the Bangabandhu National Stadium Sunday, reports UNB.Striker Zahid Hasan Emily and midfielder Arif Khan Joy struck twice...

Workers attack 12 RMG factories in Ashulia

A section of garments workers attacked over a dozen apparel factories in Jampara, Ashulia Sunday compelling some 50 factory owners to keep their establishments closed for over an hour.Around a hundred workers of Polania Garments started staging demonstration on Dhaka-Tongi...

Eight killed in attack on police in China's Muslim northwest

BEIJING, Aug 10 (AFP): The death toll from a bombing and the aftermath in China's northwestern Xinjiang province Sunday rose to eight, with four injured, state media said.Seven attackers and one security guard died in the attack in which the...

Canada job losses hit 55,200 in July

OTTAWA, Aug 9 (AFP): Canada's economy lost 55,200 jobs in July, the highest monthly figure in 17 years, the government said yesterday.Statistics Canada said the overall unemployment rate fell slightly to 6.1 per cent, from 6.2 per cent, as more...

Microlending pioneer opens first branch in the United States

Grameen Bank, acclaimed for improving the lives of the poor in Bangladesh by providing tiny business loans, has begun operations in the United States.This is its first attempt to bring microlending to the poor in a developed country.Grameen America's first...

Gas crisis hits dozens of ready EPZ plants

Dozens of newly set-up factories in the country's export processing zones (EPZs) could not start operation as they have failed to get gas connections despite assurances by the authorities, officials said Saturday.The companies-most of them owned by foreign entrepreneurs--- have...

Torres ready to end Liverpool's title drought

LIVERPOOL, Aug 9(AFP): Fernando Torres had only been a European champion for a matter of hours when the Liverpool star consigned Spain's triumph to the history books and turned his attention to Anfield's own trophy drought.Torres's typically clinical finish against...

Georgia declares 'state of war' as Russian bombs fall

JAVA, Georgia, Aug 9 (AFP): Georgian President Mikheil Saakashvili declared a "state of war" Saturday as his troops battled it out with Russian forces over the breakaway province of South Ossetia.Russian warplanes bombed and virtually destroyed a key Georgian port...

CG wants to hold election under emergency to see its cohorts victorious: Delwar

BNP secretary general Khondoker Delwar Hossain Saturday alleged that the Caretaker Government (CG) wants to hold the general election under the state of emergency to see the "politicians of entente" victorious to get the seal of legitimacy, reports UNB/ bdnews24.com."Because,...

Housing boom declines, hinting at slower Indian economy

NEW DELHI, (Internet): Glistening marble floors. Landscaped lawns. A golf course. This $1.5 million-a-pop housing development is one of the plushest yet in Gurgaon, a satellite city on New Delhi's edge that has become an icon of booming India.But 18...

Coal master plan is fine, but what about adopting a national policy?

THE government has taken up a programme to make electricity available for all by 2020 when the demand will reach 17,800 MW. To reach that level Bangladesh needs to enhance electricity generation by 1000 MW annually. The country will not...

Thrust on developing skills in material planning, inventory control

Syed Moazzam Hossain, Director, Dhaka Chamber of Commerce & Industry (DCCI) has emphasised the role of purchase and supply function and its involvement in the material planning and inventory control.Addressing the closing and certificate awarding programme of a three-day training...

Khaleda's release is at final stage, says adviser

Commerce and Education Adviser Hossain Zillur Saturday said that the release of former Prime Minister and BNP chairperson Khaleda Zia was at the final stage, reports UNB."I can tell you her release is at the final stage," he told journalists...