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Call money, dollar remain stable

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

The inter-bank call money rate remained unchanged following the central bank injected fresh fund into the market, treasury officials said.The US dollar also remained almost stable against Bangladesh taka (BDT) in the inter-bank foreign exchange market due to steady demand...

Pak-Bangla friendship forum launched in Karachi

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

The Pakistan Bangladesh Friendship Forum (PBFF) was launched in Karachi, Pakistan Monday by prominent figures from both countries, with the aim of bringing the brotherly nations closer, according to a Pakistani newspaper report.PBFF Chairman Justice (Retd) Saiduzzaman Siddiqui expressed the...

Farashganj reach quarterfinal

2008-08-21 00:00:00

Farashganj Sporting Club moved into the quarterfinal of the Citycell Federation Cup Football Tournament from Group A beating Dhaka Wanderers Club by a solitary goal at the Gazipur Stadium Wednesday, reports UNB.Enamul scored the match-winning goal for the old Dhaka...

Challenges for BASEL-II Implementation in Bangladesh

Muzaffar Ahmed FCMA, FCS | 2008-08-21 00:00:00

THIS article is written in response to the one, written by Mr. Mamun Rashid under the heading Challenges for BASEL-II Implementation in Bangladesh and published in the Financial Express in its issue on August 09, 2008. Mr. Mamun has raised...

India urged to form supporting body for inclusion of Sundarbans

2008-08-21 00:00:00

Bangladesh requested India to form 'Official Supporting Committee' on Sundarbans for the unique mangrove forest's inclusion in new seven wonders of world nature, as the recognition process is now on, reports UNB.Bangladesh Parjatan Corporation (BPC) Chairman Shafiq Alam Mehedi made...

Hosts roar into final

2008-08-21 00:00:00

BEIJING, Aug 20 : Hosts China beat defending titlists Germany 3-2 in the semifinals of the Olympic women's hockey here Wednesday, roaring into finals for the first time.Suffering a 4-3 loss to Germany on penalty shootouts in the first semi-final...

RU closed sine die amid raging violence: 50 hurt

2008-08-21 00:00:00

RAJSHAHI, Aug 20 (UNB): Rajshahi University (RU) was closed sine die Wednesday morning following overnight clashes between students and local businessmen at Binodpur Bazar beside the varsity campus that left over 50 people wounded, including students, police and journalists.The university...

Sahin does it for Turkey

2008-08-21 00:00:00

BEIJING, Aug 20 : Ramazan Sahin of Turkey won the men's freestyle 66kg wrestling title to earn Turkey their first gold medal here Wednesday evening at the Beijing Olympic Games.The reigning world champion lost the first period to Ukrainian Andriy...

Lee rules himself out of Bangladesh series

2008-08-21 00:00:00

Brett Lee will miss the one-day series against Bangladesh for family reasons and has been replaced in the squad by the uncapped fast bowler Brett Geeves. On Tuesday Lee launched a new range of underwear in Sydney, but he will...

Kuwaiti labour court rules favouring B

2008-08-21 00:00:00

Dhaka, Aug 20 (UNB)- A Kuwaiti labour court has ruled in favour of about 750 Bangladeshi workers who have been complaining of non-payment and underpayment of salaries.The Arab Times, a Kuwait-based English language daily, Tuesday quoted a Bangladeshi embassy official...

Kiwi clinches RS:X Men gold

2008-08-21 00:00:00

QINGDAO, Aug 20 : Tom Ashley of New Zealand snatched the gold medal of RS:X Men at the Olympic Sailing Regatta here Wednesday.Tom Ashley, also the reigning World Champion, sailed a near flawless medal race. It is the first Olympic...

Hasina indicted in Mig-29 graft case

2008-08-21 00:00:00

Former Prime Minister and Awami League chief Sheikh Hasina, currently abroad on parole for treatment, was Wednesday indicted along with five others in the long-pending graft case involving the purchase of Mig-29 warplanes from Russia, reports UNB.Dhaka divisional special judge...

India level series with tense victory

2008-08-21 00:00:00

vDAMBULLA, Aug 20 (AFP): Mahendra Singh Dhoni capped Zaheer Khan's devastating spell with a crucial 39 as India posted a tense three-wicket win over Sri Lanka in the second one-day international here Wednesday.Left-arm seamer Zaheer ran through the top order...

Govt working hard to mobilize internal resources: NBR chief

2008-08-21 00:00:00

The government is striving hard to mobilise resources for the development of the country.Chairman of the National Board of Revenue (NBR) Muhammad Abdul Mazid said this while speaking at a seminar in the city Tuesday, said a press release.The Institute...

Actual growth of China fixed asset investment slows down a lot

2008-08-21 00:00:00

XIAMEN, Aug 20 (Xinhua): China's present investment in fixed asset is growing steadily, but the actual growth has slowed down sharply allowing for price rises, according to a report on forecast and analysis of China's macro economy jointly issued by...

Al-Arafah chairman loses directorship

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

Mr Anowar Hossain has lost his directorship on the board of the Al-Arafah Islami Bank Limited for his failure to repay a loan to the Islami Bank Bangladesh Limited.Mr Hossain was the chairman of the bank."We have declared the post...

Argentina eye big prize after Brazil humbling

2008-08-21 00:00:00

BEIJING, Aug 20 (AFP): Argentina, euphoric after their 3-0 humiliation of arch- rivals Brazil, believe they will go on and defend their Olympic football crown against Nigeria in the final here Saturday.The Argentines, with Lionel Messi proving a handful and...

Ericsson, STMicro merge wireless chips

2008-08-21 00:00:00

PARIS/STOCKHOLM, Aug 20 (Reuters): Ericsson and STMicroelectronics have agreed to join their wireless chip and software businesses to create a joint venture that will supply four of the world's top five cell phone makers.The new company, announced on Wednesday, will...

A real picture

2008-08-21 00:00:00

I want to thank Mr. Shamsul Huq Zahid for his news analysis published in the FE recently for shedding light on the present scenario of real estate developers in our country. I, just one of many, am suffering since sometime...

Edible oil prices shoot up a day after refiners commit 'no hike'

Jasim Uddin Haroon | 2008-08-21 00:00:00

Edible oil price shot up by Tk 2.50 per kilogram in the wholesale market on Wednesday just a day after the refiners ruled out chances for a further spike due to the recent 'significant' fall in the international market.The prices...

BEPZA signs $100m investment deals last month

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

Foreign investment in the country's export processing zones increased last month as leading shoe manufacturers have started to relocate their factories amid European Union's decision to scrap special facilities offered to Vietnam, officials said on Tuesday.They said Bangladesh Export Processing...

Biplob reaches boys' singles quarterfinal

2008-08-21 00:00:00

Biplob Ram of Bangladesh reached the boys singles quarterfinal of the Prime Bank ITF 14/U Asian Tennis Championship beating his Indian rival Deka Sidhant by 6-2, 3-6, 6-3 on the second day of the six-day meet, Wednesday at the Ramna...

First Security Bank IPO lottery Aug 25

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

The IPO lottery programme of First Security Bank Ltd will be conducted on August 25 at 11.30 am at Bangladesh-China Friendship Conference Centre in the city, said a news posted on Chittagong Stock Exchange (CSE) website Wednesday.First Security Bank raised...

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...