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RB Group opens showroom in Kushtia

2008-08-18 00:00:00

RB Group, Walton brand marketer in the Bangladesh, has opened an exclusive showroom named Satata Electronics at Khoksa Bus Stand in Khoksa under Kushtia district.Director of the RB Group Ilias Kanchan inaugurated the showroom recently, said a press release.Among others,...

Industrial zones hit hard by load shedding

Our Correspondent | 2008-08-18 00:00:00

CHITTAGONG, Aug 17: Extent of load shedding in Chittagong has become intollerable because of drastic reduction in power generation by Chittagong based power centres. Load shedding was around 230 to 250 megawatt during the peak hours for the last few...

Slovenia wins gold in hammer throw

2008-08-18 00:00:00

BEIJING, Aug 17 : Primoz Kozmus of Slovenia took the title of the men's hammer throw at the Beijing Olympic Games Sunday evening, winning the first gold medal for his country at the Beijing Olympic Games.Kozmus, sixth finisher four years...

Russian troops redeploying after ceasefire

2008-08-18 00:00:00

GORI, (Georgia), Aug 17 (Reuters): Russian troops have begun regrouping around central Georgian cities, Georgia said Sunday, ahead of what the West hopes will be a quick withdrawal from the Black Sea state.A senior Russian commander said troops had begun...

BB identifies deficiencies in annual food balance sheet

Shakhawat Hossain | 2008-08-18 00:00:00

The central bank in an analysis has suggested the food ministry to be rational in estimating the demand for, and supply of, food grains in the country, taking into consideration the global price of the same and future food security.The...

India's outsourcing industry will continue to grow

2008-08-18 00:00:00

CHENNAI, (Internet): Despite the global economic slowdown and bad publicity against the industry, India's outsourcing sector would retain its high growth rate, says R Chandrasekaran, president of Cognizant India, a leading global and business process outsourcing (BPO) company. The number...

Japan, China foreign ministers discuss gas projects, N Korea

2008-08-18 00:00:00

BEIJING, Aug 17 (AFP): Japanese Foreign Minister Masahiko Koumura was in China today to discuss plans to jointly develop East China Sea gas fields amid rapidly warming relations between the two Asian economic giants, an official said.Koumura and Chinese Foreign...

Cablevision caves in to investors, to pay dividend

2008-08-18 00:00:00

NEW YORK, Aug 17 (Reuters): Cablevision Systems Corporation appeared to bow to pressure from investors when it said Friday that its board had agreed to initiate a regular quarterly dividend.The decision follows meetings earlier last week between Cablevision Chief Executive...

Expediting reforms to facilitate business

2008-08-18 00:00:00

aOne of the laudable initiatives on the part of the incumbent government is the move to establish a mechanism to carry out reforms expressly designed to facilitate businesses. The government formed the Better Business Forum (BBF) last year to this...

SCB, UNAIDS introduce business coalition on AIDS

2008-08-18 00:00:00

Standard Chartered Bank (SCB) and UNAIDS Bangladesh recently signed an agreement to form 'Bangladesh Business Coalition on AIDS' (BBCA) with a view to contributing to the national response to AIDS in the country, says a press release.Mr Shah Masud Imam,...

ICB AMCL declares total NAV of its two unit funds

FE Report | 2008-08-18 00:00:00

ICB Asset Management Company Limited (AMCL), a subsidiary of ICB declared total net asset value (NAV) of its two unit funds in the city recently. The unit funds are ICB AMCL Unit Fund and ICB AMCL Pension Holders' Unit Fund.The...

BGMEA says no to immediate pay-hike

Jasim Uddin Haroon | 2008-08-18 00:00:00

Majority of the country's 2.5 million garment workers will not get a pay increase ahead of the month of Ramadan as the leading manufacturers have said they would not follow the example set by the knitwear exporters.The Bangladesh Knit Manufacturers...

SA Academy crush BCB Academy

2008-08-18 00:00:00

Hosts South Africa Academy team crushed visiting GP-BCB National Cricket Academy team by an innings and 63 runs inside three days in the 2nd four-day match at Laudiam in Pretoria on Saturday, reports UNB.Roelof van der Merwe was the star...

Russia- Georgia conflict gives dollar a boost

2008-08-18 00:00:00

LONDON, Aug 17 (Reuters): The conflict between Russia and Georgia is giving the dollar an old-fashioned boost, based on US stability and military if not economic might.Armed conflict between Russia and its former and vastly outmatched Soviet neighbour Georgia over...

Discussion on journalist Anwar Zahid today

2008-08-18 00:00:00

A discussion and doa mahfil on former minister and eminent journalist Anwar Zahid will be held at the National Press Club at 11 am today (Monday), reports BSS.Bangladesh Federal Union of Journalists (BFUJ), Dhaka Union of Journalists (DUJ) and National...

Intolerable load-shedding in Ctg due to drastic power reduction

Our Correspondent | 2008-08-18 00:00:00

CHITTAGONG, Aug 17: Due to the drastic reduction in power generation from Chittagong-based power centres, load shedding in Chittagong has reached intolerable levels. The load shedding was around 230 to 250 megawatt during peak hours for the last few days.Besides...

Use of plastic waste in road surfacing

2008-08-18 00:00:00

I am extremely delighted to learn something about the waste management of plastic -- both domestically and internationally -- by reading an article titled 'Effective use of plastic waste in road surfacing' written by Mr. Shahiduzzaman Khan and published in...

Commodity markets slide on mounting demand worries

2008-08-18 00:00:00

LONDON, Aug 17 (AFP): Most commodity prices fell sharply this week, with gold under 800 dollars per ounce and crude oil slumping further, as weak economic growth heralded lower demand for raw materials, analysts said.OIL: Crude oil prices tumbled owing...

Turkish jets strike Kurdish rebels

2008-08-18 00:00:00

ANKARA, Aug 17 (AFP): Turkish warplanes bombed a Kurdish rebel hideout in neighbouring northern Iraq overnight, the military said Sunday.The air raid targeted a cave in the Avasin-Basyan region, which served as a base for a "large group" of Kurdistan...

Nasim freed on bail at LabAid hospital

2008-08-18 00:00:00

Former Home Minister Mohammad Nasim, convicted of graft, was released from police guard on bail Saturday but remained at LabAid Cardiac Hospital, a top prisons official said, reports bdnews24.com."Nasim was released in line with a High Court (HC) order," Deputy...

Arum cultivation brings fortune for Kurigram farmers

Our Correspondent | 2008-08-18 00:00:00

KURIGRAM, Aug 17: Arum cultivation has changed the lot of a good many farmers in Kurigram, a poverty stricken district, of the country's northern region.The people in the rural areas of Kurigram are mostly poor but now many have come...

India's sugar exports soars to 43 lakh tonnes

2008-08-18 00:00:00

NEW DELHI, Aug 17 (PTI): India's sugar exports have reached about 43 lakh tons till first week of August in the current 2007-08 season, which is more than double from the entire shipments last season."Sugar exports have reached to about...

Lin Dan wins men's singles gold in Badminton

2008-08-18 00:00:00

BEIJING, Aug 17 : Chinese shuttler Lin Dan claimed the men's singles title at the Beijing Olympics Sunday, beating Lee Chong-wei from Malaysia 21-12, 21-9 in the final.China's Chen Jin beat Lee Hyun-il from South Korea 21-16, 12-21, 21-14 in...

2-day ultimatum for Musharraf

2008-08-18 00:00:00

ISLAMABAD, Aug 17 (Agencies): Pakistan's ruling coalition tightened the screw on President Pervez Musharraf Sunday, saying that it had readied impeachment charges against him and was giving him two days to stand down.Defence Minister Ahmed Mukhtar told AFP, "The charge...

China eves win gold in TT

2008-08-18 00:00:00

BEIJING, Aug 17 : China clinched the women's Olympic team table tennis (TT) title here Sunday, after fighting off a strong challenge from Singapore to win the final 3-0.It was the 17th gold medal that China won at the Olympic...

Asian currencies down against dollar

2008-08-18 00:00:00

HONG KONG, Aug 17 (AFP): Asian currencies ended the week down against the dollar as the greenback rallied strongly on sentiment that the US was best placed to combat a global economic downturn, dealers said.An increasing chance of American interest...

BKB officers urged to work for poverty alleviation

2008-08-18 00:00:00

Newly-recruited Probationary Officers of the Bangladesh Krishi Bank (BKB) have been urged to avail the opportunities of helping alleviating poverty of the rural poor through their devotion and service of the bank, which is the largest government-owned bank primarily dedicated...

It's 8 for Phelps, Bolt breaks 100-metre record

2008-08-18 00:00:00

BEIJING, Aug 17 (Agencies): Swimmer Michael Phelps went Sunday where no one has been before to win a record eighth gold at one Olympics and surpass Mark Spitz's famous 1972 feat.The American stole the limelight even from Jamaican Usain Bolt's...

Dementieva wins gold in women's singles tennis

2008-08-18 00:00:00

BEIJING, Aug 17 (AP): Elena Dementieva won the gold medal in women's singles Sunday at the Olympics by beating fellow Russian Dinara Safina 3-6, 7-5, 6-3.A flurry of double-faults doomed Safina. She flung her racket, broke it and smacked a...

Terry-towel exports see boom ahead after Indo-Pak woes

FE Report | 2008-08-18 00:00:00

The country's terry towel exports will grow double digit in the current fiscal year as its main sub-continental rivals have shifted focus on manufacturing high valued textiles due to soaring costs of production, industry said on Sunday.Exports of terry towel...