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Govt to abolish PSI system by Dec 2009: Mirza Aziz

FE Report | 2008-08-29 00:00:00

The government has set end of 2009 as the latest deadline to abolish pre-shipment inspection (PSI) system as it is building its own capacity to inspect the country's soaring imports, finance adviser said Thursday.Mirza Azizul Islam said: "Within the next...

Vietnam fertiliser import increases

2008-08-29 00:00:00

HANOI, Aug. 28 (Xinhua): Vietnam is estimated to spend roughly 1.2 billion U.S. dollars importing 2.5 million tons of fertilizers in the first eight months of this year, seeing respective year-on-year rises of 106.6 per cent and 4.4 per cent,...

Moudud sued for withdrawing money in fake names

2008-08-29 00:00:00

The Taskforce Wednesday night filed a case against former minister Barrister Moudud Ahmed accusing him of withdrawing Tk 19 million (1.9 crore) from IFIC Bank in fake names, reports UNB.Luthfar Rahman of the Taskforce filed the case with Motijheel thana...

Pakistan imposes emergency stock limits to halt slide

Farhan Sharif and | 2008-08-29 00:00:00

Chua Kong HoKARACHI: Pakistan imposed emergency trading limits to halt a slide in stocks that sent the benchmark index down 42 per cent since April, the second attempt in two months to restore confidence in a market battered by political...

HC questions legality of RPO

2008-08-29 00:00:00

The High Court (HC) Thursday asked the government to explain why sections of the amended RPO relating to political party's constitution and politics based on religion should not be declared unconstitutional, reports bdnews24.com.The bench of justices Syed Mahmud Hossain and...

City's traffic jam

2008-08-29 00:00:00

THE month of Ramadan is just near. The capital which is experiencing severe traffic congestion is readying itself for more pressure in the month of Ramadan. The Dhaka's Police Commissioner has said that they are moving with a comprehensive plan...

Unemployment leaps over 20pc in 25 NY counties

2008-08-29 00:00:00

NEW YORK, Aug 28 (Reuters): The ranks of unemployed workers soared more than 20 per cent in 25 New York counties in the first half of 2008, even in wealthy suburbs around New York City such as Westchester and Nassau,...

Asian markets close mixed

2008-08-29 00:00:00

TOKYO, Aug 28 (RTTNews): The stock markets across the Asia-Pacific region closed mixed Thursday in seesaw trading after Wall Street finished firm overnight on a rebound in financial stocks and better-than-expected durable goods orders.The Japanese stock market closed mixed after...

India's Infosys buyout to limit impact of US slowdown

2008-08-29 00:00:00

BANGALORE, India, Aug 28 (AFP): Indian software giant Infosys Technologies said yesterday its acquisition of British consultancy Axon group for 753 million dollars would limit its risk from the US slowdown.Nasdaq-listed Infosys, India's second-largest software services exporter, announced Monday it...

Venezuela nets $4.3b in windfall oil profit tax

2008-08-29 00:00:00

CARACAS, Aug 28 (AFP): Venezuela has raked in 4.3 billion dollars from a tax on windfall oil profits it started collecting from state-owned Petroleos de Venezuela in mid-April, President Hugo Chavez said yesterday."Up to now we have obtained 4.3 billion...

Greater Asian integration tipped after ASEAN free trade pacts

2008-08-29 00:00:00

SINGAPORE, Aug 28 (AFP): The Association of Southeast Asian Nations (ASEAN) regional bloc concluded free trade pacts with India and Pacific neighbours Australia and New Zealand today, setting the stage for broader Asian economic integration, officials said.They hailed the agreements...

Bangladesh, India set to compete for the same set of investors

FE Report | 2008-08-29 00:00:00

Bangladesh and India are set to compete for the same set of telecom investors with Bangladesh announcing auctions for Broadband Wireless Access (BWA) spectrum close on the heels of India unveiling its BWA policy, according to a report of an...

Death anniversary

FE Report | 2008-08-29 00:00:00

The 6th death anniversary of Mojibur Rahman, former MP and president of Patuakhali unit of Awami League (AL), will be observed tomorrow (Saturday).His family will organise special doa mahfil and feeding of destitute programme at his residence in Patuakhali and...

Serbs, Russians share top billing at US Open tennis

2008-08-29 00:00:00

NEW YORK, Aug 28 (AFP): Serbian stars Novak Djokovic and Jelena Jankovic hobbled to victory on centre court while the Russian assault continued on day four of the 20.6 million dollar US Open.An ailing Djokovic overcame in injury to his...

A hollow promotion of SAARC tourism

Mohammad Shahidul Islam | 2008-08-29 00:00:00

South Asia's centuries-old civilisation, its cultural and geographical diversity, its exquisite food, wonderful archaeological monuments, historical and religious sites and, above all, its friendly people, make the region an attractive tourist destination.The region allures tourists from all over the world.The...

Call rate slides, dollar soft

FE Report | 2008-08-29 00:00:00

The inter-bank call money rate fell further Thursday, as the market experienced sufficient flow of cash. The US dollar appeared soft against Bangladesh taka (BDT) in the inter-bank foreign exchange market, as it lost ground, fund managers said.The call rate...

BRAC Bank signs deal with EXIM Bank

FE Report | 2008-08-29 00:00:00

BRAC Bank Limited has signed a sub-representation agreement with EXIM Bank Limited in the city recently.Under the agreement, EXIM Bank will offer Western Union money transfer service as a sub- representative of BRAC Bank.Managing Director and CEO of BRAC Bank...

AB Bank provides Tk. 1.81b credit facility to Ananda Shipyard

FE Report | 2008-08-29 00:00:00

AB Bank signed a Tk. 1.81 billion credit facility agreement with Ananda Shipyard and Slipways Ltd. (ASSL) Thursday at the Banks's corporate head office in the city. ASSL, the largest shipyard in the private sector in Bangladesh, has undertaken a...

Phone users in China exceed 960m

2008-08-29 00:00:00

BEIJING, Aug 28 (PTI): The number of phone users in China had exceeded 960 million as of July, but the subscriber base for fixed line has started dwindling, latest official figures showed.Out of the 960 million telephone users, 600 million...

Poverty deepens worldwide

2008-08-29 00:00:00

Fazle Rashid from New YorkBanks' earnings in America nosedived by 86 per cent from April to June to a paltry $4.96 billion from $36.8 billion a year earlier. This was the finding of the Federal Deposit Insurance Corporation (FIDC) that...

Opium cultivation registers drop in Afghanistan

2008-08-29 00:00:00

NEW YORK, Aug 28 (PTI): Opium cultivation in Afghanistan has gone down by a fifth as compared to last year, the UN said yesterday, attributing the decrease to good local leadership and bad weather.The latest Afghanistan Opium Survey shows a...

Kuyt's late goal clinches win for Liverpool

2008-08-29 00:00:00

LIVERPOOL, Aug 28 (AFP): Dirk Kuyt's goal three minutes from the end of extra-time ensured Liverpool progressed to the group stages of the Champions League at the expense of an unfortunate Standard Liege.Rafael Benitez's side had been unconvincing all evening...

Makhan's wife dies at 60

2008-08-29 00:00:00

Hasmat Jahan Makhan, wife of former General Secretary (GS) of DUCSU and Awami League leader late Abdul Kuddus Makhan, died of cancer at United Hospital in the city Thursday. She was 60, reports UNB.She left behind one son and one...

Asian summit of higher studies in city Oct 6

FE Report | 2008-08-29 00:00:00

An Asian summit of higher studies will be held in Dhaka on October 6 this year at the initiative of the USAID and in collaboration with the Dhaka University and Bangladesh University of Engineering and Technology."The principal objective is to...

Indian troops kill Kashmir militants, rescue hostages

2008-08-29 00:00:00

SRINAGAR, Aug 28 : Indian troops have shot dead three Muslim militants in Kashmir and freed seven hostages they seized after going on a killing spree, the army said Thursday. "The operation is over. We killed third militant early today...

Shahjibazar 50mw power unit starts operation by mid-Sept

FE Report | 2008-08-29 00:00:00

One more small rental power plant, Shahjibazar 50-mw capacity power unit, is set to go into production by the middle of next month, easing the country's ongoing power crisis to some extent, sources said.'After successful commercial operation of its Kumargaon...

Etihad cuts Ramadan airfares by up to 50pc

2008-08-29 00:00:00

Etihad Airways, national airline of the United Arab Emirates has slashed many of its air fares by up to 50 per cent for travel during the Holy Month of Ramadan and the autumn period.The special promotion, which runs from 1...

Progoti Boys

2008-08-29 00:00:00

Last time runners-up Narinda Progoti Boys' Club play Old Ideals in a title-deciding last league match of the Cute Premier Division Handball today (Friday) afternoon at the Outer Stadium handball ground in the city, reports UNB.Both the teams, which maintained...

Delwar, Mujaheed hold 3-hr parley with Khaleda

2008-08-29 00:00:00

BNP Secretary General Khandaker Delwar Hossain and Jamaat Secretary General Ali Ahsan Mohammad Mujaheed had nearly a three-hour parley with former Premier Khaleda Zia at the makeshift jail in the parliament complex Thursday, signaling a significant political development forward from...

Abahani, Biman reach women's team event final

2008-08-29 00:00:00

Abahani Limited and Bangladesh Biman reached the women's team event final of the Federation Cup Invitational Table Tennis Tournament that began Thursday at the NSC wooden floor gymnasium in the city, reports UNB.Earlier, President of Bangladesh Table Tennis Federation M...