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SEC devising means to reverse stock market trend

FE Report | 2008-08-21 00:00:00

The Securities and Exchange Commission (SEC) Wednesday began a series of meetings with different stakeholders to devise mechanisms to arrest the continued decline in stock prices.The move came as the prime bourse Dhaka Stock Exchange (DSE) witnessed around 636 points...

The last "laugh" is not yet over

2008-08-21 00:00:00

Those who are laughing at the ouster of Parvez Musharraf with joy both in and outside Pakistan must be living in fool's paradise. The episode is not yet over. There are other mighty dictators in the "metamorphism" of democracy in...

Response from clemency seekers not encouraging so far

2008-08-21 00:00:00

Truth and Accountability Commission (TAC) chairman Justice Habibur Rahman Khan Wednesday admitted that the response so far was not up to the expectation and said an extension of timeframe for confession by the corrupt would be considered, reports UNB.The deadline...

Japan book softball final berth

2008-08-21 00:00:00

BEIJING, Aug 20 : The Japanese softballers edged Australians 4-3 after a prolonged seesaw battle that lasted for three and a half hours Wednesday evening.Watched by Jacques Rogge, president of the International Olympic Committee (IOC), and IOC honorary president Juan...

Bail or parole no problem in Khaleda's release, if any understanding reached: Zillur

2008-08-21 00:00:00

The government is eager to release Khaleda Zia for the sake of 'a meaningful election,' adviser Hossain Zillur Rahman said Wednesday, reports bdnews24.com.When asked by reporters why the government was so keen to release her, the adviser said: 'We want...

AL to sit with CG, EC in first week of Sept: Ashraf

2008-08-21 00:00:00

Awami League (AL) expects to hold talks with the caretaker government (CG) and the Election Commission (EC) in the first week of September, a party leader said Wednesday, reports bdnews24.com.AL sent two separate letters to the chief adviser (CA) and...

China's record dazzles world

2008-08-21 00:00:00

BEIJING, Aug 20 (Reuters): Jamaica's Usain "Lightning" Bolt roared to gold in the 200 meters Wednesday to become the first man since Carl Lewis in 1984 to win an Olympic sprint double.Bolt, whose father says owes his speed and power...

Toyota mulls price hikes as steel costs soar

2008-08-21 00:00:00

TOKYO, Aug 20 (AFP): Toyota Motor Corp. said today that it was considering raising its prices in response to soaring steel costs, following a report that it will announce hikes in Japan for next month.According to the Nikkei business daily,...

Australia's growth slowing to half long-term verage

2008-08-21 00:00:00

SYDNEY, Aug 20 (BSS/AFP) - Australia's economic growth in coming months will be almost half the long-term average, according to a survey released today.The monthly Westpac-Melbourne Institute leading index, which indicates the likely pace of economic activity three to nine...

China takes women's taekwondo title

2008-08-21 00:00:00

BEIJING, Aug 20 : China's Wu Jingyu claimed title in the women's 49kg category taekwondo event Wednesday, beating Thai Buttree Puedpong 1- (-1).With the deafening cheerings from home fans, Wu launched aggressive attacks as soon as the final began and...

Pakistan coalition may split post-Musharraf

2008-08-21 00:00:00

ISLAMABAD, Aug 20 (Reuters): Deadlock between Pakistan's coalition partners over the restoration of deposed judges has raised questions about the survival of the government that forced President Pervez Musharraf's resignation.Musharraf, the former army chief and key ally of the United...

Asian markets close higher

2008-08-21 00:00:00

TOKYO, Aug 20 (RTTNews): The stock markets across the Asia-Pacific region closed mostly higher Wednesday, rebounding from early lows as the Chinese stock market surged on expectation that the government would introduce a stimulus package soon to boost the slowing...

Assurance of resolving BCCAMEA members

Our Correspondent | 2008-08-21 00:00:00

CHITTAGONG, Aug 20: Additional Commissioner of Bond Commissionerate office of Chittagong Hossain Ahmad gave the assurance that he would take steps to resolve different problems persisting in the member organisations of Bangladesh Corrugated Carton and Accessories Manufacturers Exporters Association (BCCAMEA)...

Fazle Rashid from New York

2008-08-21 00:00:00

Fazle Rashid from New YorkTHE banks in trouble both in the US and Europe are making last minute ditch to salvage whatever they could in a strong bid to stay aloaft. The latest trend is to split the banking units...

Tibet receives $455.5m foreign investment

2008-08-21 00:00:00

LHASA, Aug 20 (Xinhua): Lhasa, the capital of west China's Tibet Autonomous Region, received 455.5 million US dollars of overseas investment in the first seven months of 2008, up 33 per cent year-on-year.The majority of the investment, or 95.3 per...

corporatewatch

2008-08-21 00:00:00

Apex Tannery recommends 17pc cash dividendThe board of directors of Apex Tannery Limited has recommended 17 per cent cash dividend for the year 2007-2008. The annual general meeting (AGM) of the company will be held at the National Shooting Complex,...

Sugar industry innovation discussed in Guatemala

2008-08-21 00:00:00

MEXICO CITY, Aug. 20 (Xinhua): More than 100 specialists from Latin America and the Caribbean discussed technological innovations in the region's sugar industry, as part of the four-day Sugar Industry Congress which began in Guatemala City yesterday.The economic panorama of...

About Padma Bridge being converted into a company

2008-08-21 00:00:00

I refer to your lead news of 20 September 2008 stating that Padma Bridge project is to be converted into a company. Your news further states that our stock exchange needs more equity shares. True we need more equity shares...

4 PSI cos' contract may be extended

FE Report | 2008-08-21 00:00:00

The National Board of Revenue (NBR) has primarily selected four pre-shipment inspection (PSI) companies for extension of their contract period by 16 months.The tender evaluation committee comprising revenue officials has selected the four companies after scrutinising a number of proposals...

EBL starts ATM, Billspay Services at Motijheel

FE Report | 2008-08-21 00:00:00

Eastern Bank Ltd inaugurated its 27th ATM booth and Billspay Services in the city's Motijheel Wednesday.EBL Chairman Mir Nasir Hossain inaugurated the renovated branch, ATM and Billspay Services in a simple ceremony.EBL Managing Director Ali Reza Iftekhar, Bangladesh Muktijodha Kallyan...

50 chamber bodies to run fair price shops in Ramadan

FE Report | 2008-08-21 00:00:00

At least 50 out of the country's 64 chamber bodies are planning to open fair price outlets in their respective areas to boost supply and stabilise prices of essential commodities during the ensuing holy month of Ramadan.This is the first...

BKB holds foundation training programme

FE Report | 2008-08-21 00:00:00

Bangladesh Krishi Bank (BKB) started fourth phase of foundation training programme for its 70 probationary officers out of newly recruited 404 at its training institute in the city Monday last.The programme was inaugurated by the Chairman of the bank Khondker...

Decision on power tariff hike by Sept 30

FE Report | 2008-08-21 00:00:00

The Bangladesh Energy Regulatory Commission (BERC) will take a decision on the proposed hike in power tariffs by September 30 next.Bangladesh Power Development Board (BPDB) has pleaded for a rise in power tariff by around 41 per cent on an...

European shares recover slightly

2008-08-21 00:00:00

LONDON, Aug 20 (AFP): Europe's main stock markets enjoyed modest recoveries early Wednesday as share-price gains for heavyweight mining and energy groups help to lift indices that dived a day earlier, dealers said.In morning European trading, London's FTSE 100 index...

Coping with Ramadan price spiral

Shahiduzzaman Khan | 2008-08-21 00:00:00

The interim government appears to be firm about giving an effective check to the prices of essential commodities during the Ramadan this year. Hectic activities by the ministries concerned are being witnessed almost every day. It's like waging war on...

Miankova breaks Olympic record

2008-08-21 00:00:00

BEIJING, Aug 20 : Aksana Miankova of Belarus won the gold medal of women's hammer throw at Beijing Olympics here Wednesday with a new Olympic record of 76.34 metres.The silver medal went to Yipsi Moreno of Cuba with 75.20 metres....

German investors don't expect recession

2008-08-21 00:00:00

BERLIN, Aug 20 (AFP): German investors do not expect a recession in Europe's biggest economy, a key indicator suggested yesterday, as cheaper oil and a weakening euro ease some of the pressure on firms and consumers.The ZEW research institute said...

news digest

14 farm workers killed | 2008-08-21 00:00:00

in Brazilian truck crashSAO PAULO, Aug 20: Fourteen farm workers in Brazil returning home from a coffee harvest were killed Tuesday and another 19 injured when the truck they were traveling in crashed, local media reported. "Everything indicates that the...

Dhaka stocks perk up

FE Report | 2008-08-21 00:00:00

Dhaka stocks perked up Wednesday boosted by the news of price stabilisation measures to be taken by the securities regulator.The Dhaka Stock Exchange (DSE), which has been suffering from a long bearish spell due to lack of confidence, began with...

2008-08-21 00:00:00

NEW YORK, Aug 20 (Xinhua): "Some people thought China's economic success as a threat, somehow we need counter or contain, somehow their success is going to hurt the United States, I think these people are worried about the wrong thing,"...