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Dhaka closer to better global market facility: Adviser

2008-08-20 00:00:00

Commerce Adviser Hossain Zillur Rahman said Monday Dhaka made headway at the WTO talks in getting meaningful market facility in the world market, reports bdnews24.com.He made the claim at a dialogue on "Collapse of Recent WTO Talks and Bangladesh: Experience...

Career voyage

Maswood Alam Khan | 2008-08-20 00:00:00

I am very fond of train journeys. My colleagues sometimes ridicule me at my extraordinary penchant for trains; some wonder why I eschew comfortable air journeys in favour of time-consuming train journeys even on official tours. Surprising as it was,...

Asian Tennis Championship begins in city

2008-08-20 00:00:00

The Prime Bank ITF 14/U Asian Tennis Championship, organised by Bangladesh Tennis Federation, began Tuesday at the Ramna National Tennis Complex (NTC) in the city, reports UNB.Chief Advisor's Special Assistant for Youth and Sports Mahbub Jamil inaugurated the six-day tournament...

Tigers face AIS in 2nd practice match today

2008-08-20 00:00:00

Touring Bangladesh national cricket team will play their second practice match today (Wednesday) against their old rivals Australian Institute of Sports (AIS) at the Garden Oval in Darwin, reports UNB.After a narrow 14-run defeat in the first warm-up match against...

Second-generation emerging mkts arise in Africa: IMF

2008-08-20 00:00:00

WASHINGTON, Aug 19 (Xinhua): Several African countries, with developing financial markets likely to attract institutional financial investors, are promising to become part of a second generation of "emerging market" countries, according to an IMF analysis.According to the analysis to be...

Steps taken to improve power supply during Ramadan

FE Report | 2008-08-20 00:00:00

The government has taken various measures to improve electricity supply during the coming Ramadan month to mitigate the sufferings of the people, officials said."The power division has already asked power entities to ensure smooth electricity supply during Ramadan by keeping...

news digest

China to launch Venezuela's | 2008-08-20 00:00:00

first satelliteCARACAS, Aug 19: China is to launch Venezuela's first satellite in November which will serve to relay telecommunications data and television signals over Latin America, President Hugo Chavez said. The orbiter, named "Simon Bolivar" after a 19th century Venezuelan...

CCC councilors observe hunger strike for release of Mayor Mohiuddin

2008-08-20 00:00:00

CHITTAGONG, Aug 19 (UNB): Ward councilors of Chittagong City Corporation (CCC) Tuesday observed a four-hour token hunger strike demanding immediate release of their detained mayor ABM Mohiuddin Chowdhury.All the 41 ward councilors and 11 reserved-seat female councilors had observed the...

BCB Academy face SA Academy in 1st one-day match today

2008-08-20 00:00:00

Hosts South Africa Academy team face visiting GP-BCB Academy team in the first one-day match today (Wednesday) at Dobsonvile in Johannesburg, reports UNB.The rest of the two one-day matches between the two sides will be held on August 22 at...

The state of technical and vocational education

Anisul Islam | 2008-08-20 00:00:00

Technical education is in a shocking state. For example, newspapers reported sometime ago that 31 out of the 38 government's polytechnic institutes of the country are running without principals. And 35 of them have no vice-principals. Besides, 450 posts of...

Advisers look into ordinance on consumers today

FE Report | 2008-08-20 00:00:00

The proposed Consumer Protection Ordinance-2008 is expected to be produced before the advisory council today (Wednesday) for approval, officials said.They said the Ministry of Commerce has already sent the proposed ordinance, which will also specify hoarding definition, to the cabinet...

Discussion on 'prevention of corruption' in Jaypurhat

Our correspondent | 2008-08-20 00:00:00

JAYPURHAT, Aug 19: A discussion on 'Social Awareness and Our Role to Prevent Corruption' was held at the Akkelpur Upazila auditorium in the district Monday.Upazila corruption prevention committee organised the function that was followed by a rally.Divisional officer responsible for...

Floods may lead to a new surge in foodgrain prices

2008-08-20 00:00:00

Fazle Rashid from New YorkFINANCE Advisor Dr. Mirza Azizul Islam's hopes as reflected in his budget speech that Bangladesh would be spared a visitation by all devouring floods this year may not come out to be true. Though the nation...

US Congressional staff team meets Gen Moeen

2008-08-20 00:00:00

The visiting three-member team of US Congressional Staff from the House Committee on Foreign Affairs (HCFA) paid a courtesy call on Chief of Army Staff General Moeen U Ahmed at the Army Headquarters in the city Tuesday, reports UNB.The delegation...

Dollar falls against yen on financial jitters

2008-08-20 00:00:00

TOKYO, Aug 19 (AFP): The dollar slipped against the yen in Asian trade today on fresh worries about the health of US mortgage giants, dealers said.But the greenback rose against the euro on fears of a deterioration in German business...

US takes beam title

2008-08-20 00:00:00

BEIJING, Aug 19 : Shawn Johnson of the United States claimed the beam title at Olympic gymnastics tourney here Tuesday.The 16-year-old Olympic debutant took the gold in 16.225 points, followed by her compatriot Nastia Liukin in 16.025. China's Cheng Fei...

Nazrul researchers' team calls on president

2008-08-20 00:00:00

A delegation of the International Nazrul Research Centre led by its chairman Asadul Haque called on President Iajuddin Ahmed at Bangabhaban in the city Tuesday, reports UNB.During the meeting, the members of the delegation apprised the President.

Call rate, dollar repeat earlier rates

FE Report | 2008-08-20 00:00:00

The inter-bank call money rate remained unchanged although the central bank injected fresh cash into the market. The US dollar also maintained stable level against Bangladesh taka (BDT) in the inter-bank foreign exchange market due to steady demand for the...

S Korea's fixed investment growth rate drops to 7-year low

2008-08-20 00:00:00

SEOUL, Aug 19 (Xinhua): South Korea's fixed investment growth rate in the first half of this year stood at a seven-year low of 0.5 per cent from a year earlier, the Korea herald reported today.According to the Bank of Korea...

Corrigendum

2008-08-20 00:00:00

The earning per share (EPS) of Northern General Insurance Company Limited is Tk 20.53.The FE in a report titled 'seven cos to raise Tk 600 million through IPOs' published Monday erroneously mentioned Tk 12.20 as the EPS.We regret the inadvertent...

Mudslide tragedy again strikes Chittagong

2008-08-20 00:00:00

The port city of Chittagong has again become the scene of mudslide tragedy. This time it occurred at the foothill of Matijharna area in of Lalkhan Bazar. Ten people including six members of a single family were buried alive as...

Banks asked to appoint 2 directors from among depositors by Sept 30

FE Report | 2008-08-20 00:00:00

The Bangladesh Bank (BB) has asked the commercial banks to complete the appointment process of two directors from among the depositors by September 30 next, officials said.The central bank issued a circular in this connection Tuesday and asked the chief...

General Dynamics to buy Jet Aviation for $2.25 billion

2008-08-20 00:00:00

NEW YORK, Aug 19 (Reuters): General Dynamics Corporation said it agreed to acquire Zurich-based Jet Aviation, a privately held provider of business-aviation services, for about US$2.25 billion in cash.The US defence contractor said the deal, which would expand its flight...

China miss out top-eight in men's hockey

2008-08-20 00:00:00

BEIJING, Aug. 19: China were hindered from entering top-eight with a 3-1 loss to Belgium in the final day of the Olympic men's hockey tournament here Tuesday.With one draw and four losses, China ranked bottom in the Pool A with...

Tata Consultancy may buy Citi's India BPO arm

2008-08-20 00:00:00

MUMBAI, Aug 19 (Reuters): Tata Consultancy Services is close to acquiring Citigroup's captive backoffice unit in India for about US$500-$550 million, the Economic Times reported Tuesday, citing a source close to the development.The announcement of a deal for Citigroup Global...

Refiners say edible oil prices won't come down in Ramadan

FE Report | 2008-08-20 00:00:00

Authorities Tuesday said edible oil price 'should fall' in the local market in the month of Ramadan, as international commodity market is cooling down precipitously, but the refiners see 'no decline' in the near future.Chief of Rifles major general Shakil...

CBC holds w

FE Report | 2008-08-20 00:00:00

Commercial Bank of Ceylon Plc (CBC) held a workshop on "Parallel run of Basel II" recently in a city hotel.The workshop was facilitated by CRISL (Credit Rating Information and Services Ltd) where Mr. Muzaffar Ahmed, President & CEO of the...

Korea may withdraw soft loan

FE Report | 2008-08-20 00:00:00

The Korean government may withdraw a soft loan protesting the alleged procrastination of Bangladesh Road Transport Corporation (BRTC) and other government agencies to procure dedicated CNG buses from Korea."Recently, the Korean government in a letter to the Economic Relations Division...

Australia's Origin rebuffs BG's 12b takeover bid

2008-08-20 00:00:00

SYDNEY, Aug 19 (AFP): Australia's Origin Energy Tuesday formally urged shareholders to reject a 13.8-billion- dollar (12-billion-US) hostile takeover bid by Britain's BG Group.Australia's second biggest energy retailer said the all-cash offer from global gas firm BG at 15.50 dollars...

Tarique partially paralysed: Doctor suggests overseas treatment

2008-08-20 00:00:00

A joint surgery expert with Bangabandhu Sheikh Mujib Medical University (BSMMU) said Tuesday detained BNP leader Tarique Rahman's body has become partially paralysed, reports UNB.Head of the Department of Arthroscopy and Joint Replacement Kazi Mazharul Islam Dolon, also a member...