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Gulf Air wins prestigious award

2007-06-28 00:00:00

FE Report Gulf Air's Worldwide Call Centre (WWCC) won prestigious 'Middle East Call Centre of the Year' award at a ceremony at the Insights Middle East Contact Centre World Forum 2007 in Dubai Monday night.Gulf Air WWCC Manager Ruth Birkin...

IFIC Bank holds clientele night

2007-06-28 00:00:00

IFIC Bank arranged a 'Clientele Night' at Chittagong Club recently in honour of the bank's clients and guests of the port city, says a press release.The bank hosted a dinner party which was attended, among others, by its vice chairman...

Call for acquiring knowledge in non-tariff barriers

2007-06-28 00:00:00

Our CorrespondentCHITTAGONG, Jun 27: A seminer on 'trade barrier perspective in Bangladesh" under the preview of non-tariff barrier (NTB) and technical barrier to trade was arranged by Chittagong Export Promotion Bureau (EPB) in the port city Tuesday.EPB Chittagong Regional Director...

corporatewatch

2007-06-28 00:00:00

Recommendation of company dividendFederal Ins: The board of directors of Federal Insurance Company Limited has recommended 12 per cent stock dividend (12 bonus shares for every 100 shares) for its shareholders for the year 2006. The annual general meeting (AGM)...

Fate of 450mw power plant at Bheramara uncertain

2007-06-28 00:00:00

Doulot Akter MalaThe fate of 450-megawatt (MW) combined cycle power plant at Bheramara in Kushtia still remains uncertain due to fund constraints although the project was first conceived way back in 1999. Sources said the project could not be materialised...

Prime Bank, Exim Bank sign deal to reach remittance to beneficiaries

2007-06-28 00:00:00

FE ReportPrime Bank Limited (PBL) and Export Import Bank of Bangladesh Limited (Exim Bank) have entered into a bi-lateral drawing arrangements to facilitate payment of inward foreign remittance to the beneficiaries by sharing their network of branches.Synergy between these two...

NBL opens 92nd branch at Shahjadpur

2007-06-28 00:00:00

FE ReportNational Bank Limited (NBL) has recently opened its 92nd branch at Shahjadpur in Sirajganj.Chairperson of the board of directors of the bank Parveen Haque Sikder inaugurated the branch as the chief guest.A discussion meeting of the bank was held...

Blair era to end, Brown's Britain to begin

2007-06-28 00:00:00

LONDON, June 27 (AFP): Tony Blair prepared Wednesday to leave office after 10 years as British prime minister, amid growing speculation he could also announce he is standing down as a lawmaker to become an envoy to the Middle East....

China uncovers thousands of dangerous foods

2007-06-28 00:00:00

BEIJING, June 27 (AFP): Industrial oils, acid, cancer-causing chemicals and other dangerous ingredients have been found in thousands of foods in China, inspectors said Wednesday following a six-month crackdown. The nationwide investigation by China's food quality watchdog found products such...

Iran fuel rationing sparks anger, pump stations burnt

2007-06-28 00:00:00

TEHRAN, June 27 (Reuters): Angry Iranian motorists queued for gasoline Wednesday hours after the world's fourth largest oil exporter imposed fuel rationing, sparking chaotic scenes and the torching of two pump stations in the capital. Drivers raced to fill up...

Israeli attacks kill 8 Palestinians

2007-06-28 00:00:00

JERUSALEM, June 27 (AP): Israeli attacks in the Gaza Strip on Wednesday killed eight Palestinians, including a 12-year-old boy, Palestinians said, the bloodiest fighting in the area since the Hamas militant group violently seized control two weeks ago. The sudden...

UN inspectors to visit NKorea atomic reactor

2007-06-28 00:00:00

SEOUL, June 27 (AFP): UN inspectors are to visit the reactor at the centre of North Korea's nuclear programme in their first on-site inspection in nearly five years, the head of a team in the communist state said Wednesday. The...

Castro's head worth $150,000: CIA files

2007-06-28 00:00:00

WASHINGTON, June 27 (AFP): The CIA offered 150,000 dollars to mafia figures to kill Cuban leader Fidel Castro, just one of several CIA plots against foreign leaders detailed in 693 pages of classified US documents released Tuesday. Other targets of...

The rationale for nuclear power

2007-06-28 00:00:00

The prospects of power generation from nuclear power plants in Bangladesh have brightened with the recent announcement by the International Atomic Energy Commission (IAEA) that Bangladesh would be among eight countries to enjoy its approval for the setting up of...

Consumer Protection Act

2007-06-27 00:00:00

THE eagerly awaited Consumer Protection Act may at long last become a reality. According to media reports, the draft of the law will be considered for approval by the council of advisers very soon. There is concern in some quarters...

Manpower sector needs urgent overhauling

2007-06-27 00:00:00

Syed Fattahul AlimEIGHTEEN young men mostly from Chapainawabganj district have sent home an SOS message from faraway Kurdistan of war ravaged Iraq. They are trapped in that troubled part of the Middle East. All of those young people are in...

Hard reforms are overdue in the vital sector

2007-06-27 00:00:00

Khaled Hussain from TorontoAS non-resident Bangladeshis (NRBs), we appreciate the initiative to have an aggressive reform of our manpower sector to reduce the suffering of the people -- those who are selling their valuable assets to work abroad. These people...

Birth record for better planning

2007-06-27 00:00:00

Mahbubul AlamTHE government should give importance to strictly maintaining birth records of all children. A UNICEF report says that only seven per cent newborn children (260,000) usually come annually under the existing birth registration net of the government. But the...

Hill cutting and consequence

2007-06-27 00:00:00

WE thank the committees for submitting the report after investigating the June 11 landslides in Chittagong, which killed at least 126 people. Usually we see the official inquiries into such large-scale disasters in Bangladesh taking too long a time for...

More focus on traffic needed

2007-06-27 00:00:00

All the governments including the present caretaker one have so far taken several measures to improve Dhaka city's traffic situation. These measures include freeing the pavements from illegal encroachers, introduction of more buses and modern traffic signals, banning slow-moving auto-rickshaws...

A sophomoric analysis of National Budget 2007-08

2007-06-27 00:00:00

Reshma Islam, Farzana Shiraj Kanta and Tasmia AliTHE caretaker government's budget of Tk 871.37 billion (87,137 crore) for fiscal year(FY) 2007-08 is the biggest budget proposed ever. The main feature of the budget is its huge deficit of Tk 298.36...

Helen Keller : The light to the blind

2007-06-27 00:00:00

Parvez BabulHELEN means 'light'! But very unfortunately the girl named Helen did not have light in her eyes. She was blind. Though the person Helen Keller could not see this beautiful world due to her blindness, but she had a...

China launches $1b African trade fund

2007-06-27 00:00:00

BEIJING, June 26 (AP): China launched a $1 billion fund Tuesday to finance trade and investment by Chinese companies in Africa as part of efforts to nurture commercial ties with the resource-rich continent.The fund is part of Chinese aid and...

Int'l role of euro differs across global markets

2007-06-27 00:00:00

FRANKFURT, June 26 (AFP): The European Central Bank (ECB) said yesterday that the international role of the euro has become differentiated, depending on the particular global market segment being looked at. In its sixth annual review of the international role...

Beijing to revive troubled trust sector as govt-run cos run into difficulties

2007-06-27 00:00:00

BEIJING, June 26 (AFP): China is to revive several trust and investment corporations after hundreds of the government-run companies ran into difficulties during the 1990s Asian financial crisis, state press said today. The China Banking Regulatory Commission will issue licences...

AirAsia founder in budget hotel venture with Dubai govt

2007-06-27 00:00:00

SINGAPORE, June 26 (AFP): Malaysia's Tune Hotels.com said today it has set up a 50-million dollar joint venture with the Dubai government and a Singapore business tycoon to open 30 budget hotels in Southeast Asia. The joint venture will expand...

Philippine imports fall 1.8pc in April

2007-06-27 00:00:00

MANILA, June 26 (AFP): Philippine imports in April fell 1.8 per cent from a year earlier to 4.336 billion dollars due to a drop in demand for electronic components used in the country's export industry, the government announced today. Total...

Malaysian workers demand minimum wage

2007-06-27 00:00:00

KUALA LUMPUR, June 26 (AFP): Thousands of Malaysian workers staged a nationwide protest yesterday to demand the government set a 900 ringgit (260 dollars) monthly minimum wage for private sector employees. Officials from Malaysia's largest trade union estimated that 30,000...

654,602 tourists visit Myanmar in 2006-07

2007-06-27 00:00:00

YANGON, June 26 (Xinhua): A total of 654,602 foreign tourists visited Myanmar in the fiscal year 2006-07 which ended in March, bringing about an increase of 11.4 per cent of the country's foreign exchange earning compared with the previous year,...

Oil prices lower in Asia on gasoline worries

2007-06-27 00:00:00

SINGAPORE, June 26 (AFP): Oil prices were lower in Asian trade today in a market underpinned by below-normal gasoline (petrol) inventories in the United States, dealers said. At 3:00 pm (0700 GMT), New York's main oil futures contract, light sweet...