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Getting immersed in Olympic frenzies

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

The number 8 is associated with prosperity and confidence in Chinese culture. China perhaps would not have agreed to host Olympics in any other year that would not bear the digit 8 as a qualifying index and I guess China...

South Asia faces food crisis despite India's high productivity

Lea Terhune | 2008-08-08 00:00:00

THOSE most affected by the current global food crisis are the poor, particularly in developing countries, international agencies and independent experts agree, and a large number of people for whom steep food prices spell disaster live in South Asia.Rice, an...

Monitoring body blames syndicates for artificial hike of prices

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

The price monitoring committee chief of the country's apex trade body, Kamal Uddin Ahmed, Thursday said syndicates among businessmen are active in Bangladesh 'in limited scale' resulting in artificial hike of commodity prices across the country."Syndicate takes place in limited...

Baby electrocuted while playing with bed switch

2008-08-08 00:00:00

GAIBANDHA, Aug 7 (UNB): A baby boy was electrocuted at Moheshpur village in Palashbari Upazila on Tuesday night. The deceased were identified as Hasan, 2, son of Milon Miah of the village.Witnesses said Hasan died on the spot when he...

Syria, Iraq to develop economic co-op

2008-08-08 00:00:00

DAMASCUS, Aug 7 (Xinhua): Syria and Iraq signed yesterday minutes to develop bilateral economic cooperation, the official SANA news agency reported.The two sides inked the documents at the end of their meetings of the joint ministerial economic committee.The minutes include...

S Korea raises key interest rate to highest since 2001

2008-08-08 00:00:00

SEOUL, Aug 7 (AFP): South Korea's central bank today raised its key interest rate to the highest level since 2001 in an attempt to curb inflation despite the slowing economy.The Bank of Korea increased the benchmark seven-day repurchase agreement rate...

Open Tennis Amal, Ranjan pair emerge champions

2008-08-08 00:00:00

Amal Roy and Ranjan Ram pair of NTC emerged champions in the men's doubles of the Dhaka Open Tennis Competition beating Niranjan Ram-Mahmudul Huq pair 6-2, 7-6 in the final at the National Tennis Complex in the city Thursday, reports...

Australia welcomes jobs gain but warns of slowdown

2008-08-08 00:00:00

SYDNEY, Aug 7, (AFP): Australia's Treasurer Wayne Swan today welcomed new figures showing a higher than expected jobs surge in July, but warned that employment growth was slowing.The number of Australians employed rose by 10,900, the Australian Bureau of Statistics...

GP-BCB Academy team start SA tour 4-day match today

2008-08-08 00:00:00

Touring GP-BCB Academy team start their campaign in South Africa with a four-day match against South Africa Academy team Friday at Tukkies in Pretoria, reports UNB.Earlier, Monday, a 14-member GP-BCB national cricket academy team left Dhaka for South Africa to...

Asia gears up for successful Games

2008-08-08 00:00:00

BEIJING, Aug 7 (AFP): Asian nations are planning to bag a hatful of medals at the Olympics, but regional powerhouse China is set to overshadow their achievements.The world's largest and most populous continent, home to over four billion people, or...

DU signs MoU with Japanese university

2008-08-08 00:00:00

Dhaka University signed a memorandum of understanding (MoU) with the Rikkyo University of Japan Thursday with the objective of establishing and promoting academic exchanges and research programmes between the two institutions, says a press release.Dhaka University (DU) Vice-Chancellor SMA Faiz...

Egypt to carry out DNA test on Tutankhamun's 'children'

2008-08-08 00:00:00

CAIRO, August 7 (AFP): Egypt is to carry out DNA tests on the mummified remains of two foetuses found in the tomb of Tutankhamun to determine if they were the children of the boy king, antiquities authorities said Thursday.The bodies...

Near-term economic outlook remains positive, says BB

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

The country's near-term economic outlook remains positive, but it faces several downside risks like power shortage that might make economic management challenging in the near future, the Bangladesh Bank (BB) said Thursday."The authorities concerned should respond timely to face the...

Curtain goes up on Beijing Olympics today

2008-08-08 00:00:00

The long-awaited and somewhat controversial Beijing Olympics officially open Friday. From the Chinese capital, VOA's Jim Stevenson has this preview of the 29th Olympiad.A lavish opening ceremony and the lighting of the Olympic cauldron will formally begin the Beijing Games,...

HC turns down Tarique's bail appeal

2008-08-08 00:00:00

The High Court (HC) has rejected Tarique Rahman's appeal to grant him bail and cancel Sabbir murder suppression case, his lawyer said, reports bdnews24.com.An HC bench of Justice Sharifuddin Chaklader and Justice Imdadul Haque Azad gave the ruling Thursday.The court...

Border facilities

2008-08-08 00:00:00

IT is indeed a good decision of the government to construct better infrastructure at the land border ports. It will certainly facilitate better handling of export-import business activities. It is necessary to facilitate the border trading with better infrastructures.Benapole, Banglabandha,...

Titas Gas pushes up DSE turnover

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

Dhaka stocks closed slightly lower Thursday after two straight sessions of gain with the turnover increasing, thanks to significant trading in Titas Gas shares, which accounted for over 20 per cent of the total turnover.Trading in shares of the United...

Warid signs corporate deal with IFIC Bank

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

Warid Telecom Wednesday signed an agreement with IFIC Bank to provide complete telecommunication services under its corporate package.Under the agreement, IFIC Bank will enjoy customised call tariff and value added services of the Warid Telecom which would keep the users...

Toyota profits down 28pc in first quarter

2008-08-08 00:00:00

TOKYO, Aug 7 (AFP): Toyota Motor Corp. today reported a 28.1 per cent slide in first-quarter net profits as a weak US economy, a stronger yen and rising costs put the brakes on its recent rapid growth.Toyota, in a close...

Auditors' Institute holds seminar on national budget 2008-09

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

The Institute of Internal Auditors of Bangladesh (IIAB) held a CPE seminar Wednesday on changes of fiscal policies from the Finance Ordinance 08-09.The Chairman of the National Board of Revenue (NBR), Muhammad Abdul Mazid attended the seminar as the chief...

Malaysia seek divine help in quest for gold

2008-08-08 00:00:00

BEIJING, Aug 7 (AFP): Malaysia's shuttlers are not taking any chances as they gun for the country's first ever Olympic gold medal, opting for prayer as well as hard training ahead of Saturday's tournament.Coach Misbun Sidek said Malaysia was counting...

Asia, Europe, Africa, S America, four main destinations for China's car export

2008-08-08 00:00:00

HEFEI, Aug. 7 (Xinhua): Asia, Europe, Africa and South America have constituted four main destinations for China's car export, and the establishment of China-Chile Free Trade Zone has made the sales of Chinese home-brand cars in Chile grow abruptly, according...

HSBC denies new deadline for $6.3b KEB deal

2008-08-08 00:00:00

SEOUL/HONG KONG, Aug 7 (Reuters): HSBC Holdings denied Thursday a South Korean media report saying it had agreed with US private equity firm Lone Star to set a new deadline for a US$6.30 billion deal for control of Korea Exchange...

Call rate posts sharp rise, dollar stable

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

The inter-bank call money rate posted sharp rise Thursday ignoring injection of fresh cash, as the market experienced strong demand for fund on month-end adjustments. The US dollar, however, remained stable against Bangladesh taka (BDT) in the inter-bank foreign exchange...

US jobless claims rise to highest since Mar 2002

2008-08-08 00:00:00

WASHINGTON, Aug 7 (AP): The number of newly laid off people signing up for jobless benefits last week unexpectedly climbed to its highest point in more than six years as the faltering economy forced companies to cut back.The Labour Department...

Kuwait reassures Dhaka of resolving workers' issues

2008-08-08 00:00:00

Kuwait's deputy prime minister (DPM) has reassured Dhaka that the honest and hardworking Bangladeshis would not be the victims of deportation owing to the faults of a few compatriots, report UNB and bdnews24.com.The assurance came as Foreign Adviser Iftekhar Ahmed...

Pak coalition agrees to impeach Musharraf

2008-08-08 00:00:00

ISLAMABAD, August 7 (AFP): Pakistan faced fresh political turmoil Thursday after officials said the country's ruling coalition had agreed to impeach President Pervez Musharraf, a vital US ally in the "war on terror."The agreement came after three days of marathon...

Death anniversary

2008-08-08 00:00:00

The sixth death anniversary of Al-haj Nehal Uddin Ahmed, a retired deputy finance controller of Army Finance, will be observed tomorrow (Saturday), says a press release.A Doa and Milad Mahfil has been arranged in this connection at his village home...

ECB, BoE leave interest rates unchanged

2008-08-08 00:00:00

FRANKFURT, Aug 7 (Agencies): The European Central Bank (ECB) and the Bank of England (BoE) both left their benchmark interest rates unchanged Thursday as they ponder how best to steer their economies between the shoals of mounting inflation and slowing...

Mauritania coup leaders promise 'free' elections

2008-08-08 00:00:00

NOUAKCHOTT, August 7 (AFP): The new Mauritania junta promised Thursday to quickly hold new elections as it confronted international condemnation of the detention of the west African country's first democratically elected leader.An 11-member Military Council led by General Mohamed Ould...