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Friday and Saturday weekend: is it really a problem?

2008-08-03 00:00:00

Air Commodore Muhammad Zakiul Islam ndu acsc (Retd)ARE we cut off from the rest of the world, especially the western world, for three days and to the detriment of the overall growth and development of the national economy and the...

Asian stock markets mixed

2008-08-03 00:00:00

HONG KONG, Aug 2 (AP): Asian markets were mixed Friday as stocks in Japan and elsewhere slumped after worse-than-expected news about the US economy. China and Hong Kong shares, though, rebounded on hopes of government intervention ahead of the Olympics.Japan's...

Two killed, four injured in separate road mishaps

2008-08-03 00:00:00

Two persons were killed and four others injured in two separate road accidents at different places in Rangpur and Thakurgaon districts Friday, police sources said, reports BSS.Five persons were injured when a Rangpur-bound truck from Bogra rammed into a roadside...

BRTA's revenue collection almost doubles in 5 years

Mahmuda Shaolin | 2008-08-03 00:00:00

Revenue collection by Bangladesh Road Transport Authority (BRTA) almost doubled over the last five years as the overall collection jumped by 99.96 per cent to Tk 4.89 billion in fiscal 2007-08 from Tk 2.44 billion in 2003-04.According to the BRTA,...

BCB engages Pilot, Bulbul, Rafique as consultants

2008-08-03 00:00:00

The Bangladesh Cricket Board (BCB) has planned to engage two former national skippers Aminul Islam Bulbul and Khaled Mashud Pilot, and veteran Mohammad Rafique as consultants for batting, wicket keeping and bowling, reports UNB.The board took the decision to use...

Make healthy film to restore image of FDC: Info secy

2008-08-03 00:00:00

Secretary for Information Jamil Osman Saturday urged all concerned of the Bangladesh Film Development Corporation (BFDC) to make good and healthy films in order to restore the image of the industry, reports BSS.The information secretary said the trend of making...

Pakistan says no information on Zawahiri report

2008-08-03 00:00:00

ISLAMABAD, August 2 (AFP): Pakistan's military said Saturday it had no information on a US media report that Al-Qaeda's deputy leader Ayman al-Zawahiri may have been wounded or killed in a missile strike.US television channel CBS said it had obtained...

Two small rental power plants go into operation

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

Two small rental power plants (SRPP) have gone into commercial operation supplying about 90 megawatt (MW) of electricity to national grid.These are among six such plants under private sector approved by the government early this year.The renal power units are...

BB Governor calls upon pvt banks, cos to patronise need-based education

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

Bangladesh Bank (BB) governor Salehuddin Ahmed Saturday said need-based education must get due priority and patronage alongside the general education to ensure the optimum breeding of the skilled human resource for the country.At the same time the Governor called upon...

Zimbabwe central bank chief urges pay freeze to stall inflation

2008-08-03 00:00:00

HARARE, Aug 2 (AFP): Zimbabwe's central bank chief has urged a six-month price and salary freeze in a bid to rein in runaway inflation, with the country in the midst of an economic meltdown, state media reported yesterday."Zimbabweans must realise...

Russian couples rush to marry on 'lucky' 08.08.08

2008-08-03 00:00:00

MOSCOW, Aug 2 (AFP): Russian marriage offices have seen a surge of applications to wed this coming Friday due to the supposedly lucky character of the date: 08.08.08, officials and local media said.In Moscow, registry offices will stay open late...

Food ministry seeks action against banks

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

The food ministry has sought the help of the finance division in taking action against a number of banks, both in public and private sectors, for the failure to en-cash the bank guarantees furnished by the errant local suppliers of...

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...