KATHMANDU, June 11 (Xinhua): Nepal's trade deficit continues to widen, as it crossed 70 billion Nepali rupees (around 1.1 billion US dollars) during the first nine months of the current fiscal year 2006-07, local newspaper The Himalayan Times reported today....
NEW DELHI, June 11 (PTI): Pakistan and China are emerging as major east Asian tourist sources for India, as visitors inflow from both the countries registered a 31 per cent rise in 2005. About 88,609 people from Pakistan visited India...
MANILA, June 11 (AFP): The Philippine government is to establish a one-billion-dollar hedging facility to protect exporters from losses resulting from fluctuations in the exchange rate, a report said today. Finance Secretary Margarito Teves said the government-owned Development Bank of...
SINGAPORE, June 11 (AFP): Oil prices were flat to higher in Asian trade Monday, with US gasoline (petrol) supplies still the main issue being closely watched by the market, dealers said. At 2:40 pm (0640 GMT), New York's main contract,...
TOKYO, June 11 (AFP): The dollar was narrowly mixed in Asian trade today as the market waited for a batch of US economic reports amid fresh concerns about the outlook for inflation and interest rates, dealers said. They said the...
Tom Engelhardt in concluding part of his articleFrom 2003 to the present, the work building, maintaining, and continually upgrading these bases (and their equivalents in Afghanistan) has never ended. Though the huge base-building contracts were given out long ago, consider...
David Phinney from WashingtonThe U.S. Justice Department is actively investigating allegations of forced labour and other abuses by the Kuwaiti contractor now rushing to complete the sprawling 592-million-dollar U.S. embassy project in Baghdad, numerous sources have revealed. Justice Department trial...
Baradan Kuppusamy from Kuala LumpurAfter a landmark superior court decision downgraded secular law and constitutional guarantees against Islamic rules, a storm of protest has been building up as government and civil society rush to find a solution to the religious...
COUNTRY'S pharmaceutical sector has achieved impressive as well as enviable growth since the promulgation of the Drug Control Ordinance in 1982. The industry, which is now worth Tk.30 billion, in addition to increasing its share in the local market to...
Shamsul Huq ZahidTHE budget presentation this year lacked the usual ambience. The clicking noise and blinks of flash lights of press photographers' cameras, thumping of desks by ruling party members in approval of the finance minister's budget speech, boos from...
Samuel BrittanTHE British government published early this month a policy document entitled "Meeting the Energy Challenge". It was followed by a slimmer but much more readable volume, Out of the Energy Labyrinth, by Lord Howell, a former UK energy secretary,...
Zahirul AbedinTHE Bangladesh Sugar and Food Industries Corporation (BSFIC) has taken steps to produce ethanol from molasses in all sugar mills under it. The ethanol to be produced would be used as an alternative fuel for vehicles. Indeed, this project...
EVEN coarse rice is now selling unthinkably at Taka 22-24 per kg. The prices of such varieties of rice were between Taka 16-18 last year. Thus, the hardships of poor people know no bounds. Rice is the staple in their...
NEARLY 85 per cent of treated cases of TB in this country, according to reports in the media, have led to cure. This is the brighter side. But the worrying aspect is that over 50 per cent of TB afflicted...
WASHINGTON, June 10 (Reuters): US consumers will curb spending this year after being hit by continued troubles in the housing sector, but business investment is set to pick up, adding to economic growth later this year, according to a survey...
TOKYO, June 10 (AFP): Some of Japan's highest-flying bureaucrats may soon lose their golden parachutes. The government, hit by a series of scandals, is seeking to tighten controls on the system of "amakudari", or descent from heaven, whereby retiring civil...
WASHINGTON, June 10 (Reuters): Senator Hillary Rodham Clinton, the Democratic front-runner in the presidential race, said Saturday she would oppose ratification of a free trade pact with South Korea because it would harm the US auto industry, among other things....
KIEV, June 10 (AFP): It's an international crime business that endangers human lives and generates billions of dollars every year through the sale of tablets and powders. Unlike drug smuggling, however, medicine counterfeiting is still not considered a criminal offence...
ISLAMABAD, June 10 (Agencies): Pakistan unveiled Saturday an over 1.87-trillion-rupee (about 31 billion US dollars) budget for the upcoming 2007-2008 fiscal year (July 2007 to June 2008), which envisages a pro-development expenditure. The budget was presented by Pakistani State Minister...
BRUSSELS, June 10 (Xinhua): EU Commissioner Charlie McCreevy has said that China's financial services have been "considerably" opened up and he would not press China to further open the sector during his upcoming China tour. "Over the last several years,...
HEILIGENDAMM, Germany, June 9 (Xinhua): As the three-day summit of the Group of Eight (G8) industrialised nations drew to its end yesterday, the world still differs on what global mechanism serves globalisation era best. It is no doubt that the...
HONG KONG, June 10 (AFP): Asian currencies ended the week mostly higher against the dollar, with the Japanese yen buoyed largely by the weakness of US shares as interest rate and inflation fears agitated investors. JAPANESE YEN: The yen edged...
FE Report A total of 375 abstracts on the oncology commitment of Sanofi-aventis have been accepted by the American Society of Clinical Oncology (ASCO) during its 43rd annual meeting held in Chicago, Illinois of the United States of America (USA)...
KIKUYU, Kenya, June 10, (AFP): Eyeing his cell phone with a mixture of suspicion and amazement, Paul Kangethe reads and rereads the text message he has just received. "I've never seen anything like this before," Kangethe says of the alert...
PHNOM PENH, June 10 (AFP): Two years after discovering oil off its coast, uncertainty clouds Cambodia's nascent petroleum sector, with analysts saying it is impossible to gauge the extent of the country's fuel deposits or their impact on one of...
NEW YORK, June 10, (AFP): Government-encouraged efforts to ramp up US ethanol production, part of a bid to diversify American energy supplies, are succeeding, but some analysts fear a glut may be developing for the biofuel. The boom in ethanol...
TOKYO, June 10, (AFP): Japanese auto-parts maker Denso will produce eco-friendly fuel-injection equipment for diesel engines in China to meet growing demand for cleaner vehicles there, a report said Sunday. Denso Corp. would set up a subsidiary in Changzhou, eastern...
DETROIT, Michigan, June 10, (AFP): General Motors Corp Chairman Richard Wagoner made a point of telling shareholders at the company's annual meeting that GM is serious about speeding up development of the new technology required to power the electrified Chevrolet...
FE ReportThe government borrowed Tk 6.50 billion (650 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 6.50 billion from the market in the week.The central bank conducted auctions of 28-day, 91-day and 182-day bills...
FE ReportIslamic Finance and Investment Limited (IFIL) has approved 12.50 per cent cash dividend for its shareholders for the year 2006. The dividend was approved in the company's 6th annual general meeting (AGM), held in the city recently, with IFIL...
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