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Multilateral donors being pushed to the sidelines

2007-06-05 00:00:00

Fazle Rashid from New YorkTHE World Bank (WB) assurance-made by Patel, its Vice-President for Asia, that the Bank would assist Bangladesh in retrieving stolen money stashed abroad, has surprised Bangladeshi diaspora living in North America, particularly New York. The WB...

How the rich world can help Africa help itself

2007-06-05 00:00:00

Glenn Denning and Jeffrey Sachs WHEN heads of state from the world's richest countries gather in Heiligendamm, Germany, this week for this year's summit of the Group of Eight (G8) leading industrialised nations, they would most benefit the poor in...

Corruption in the health sector

2007-06-05 00:00:00

CLEANERS and others at the public hospitals hardly do their jobs.  Doctors in most of the  rural health complexes remain away from their posts for weeks, often with unauthorised leave. Government doctors are not  supposed to engage in private practice....

Does Biman have a future?

2007-06-05 00:00:00

MY answer to AVM Rafiqul Islam's most poignant and pertinent question is yes, but! Thanks to the Air Marshal and the Financial Express for publishing the article on a very important national issue. We have been failing both individually and...

Prisoners' rights

2007-06-05 00:00:00

WE all know that inmates of prisons -- convicts, under trials as well as those who are in detention for an indefinite period are being huddled in the increasingly constricted spaces of the overcrowded prisons, without having regard for basic...

The exposed double standards

2007-06-05 00:00:00

Qazi AzadAFTER a meeting with Chief Minister M. Karunanidhi of the Indian state of Tamil Nadu, Narayanan advised a bleeding Sri Lanka last Thursday not to buy weapons from China and Pakistan to fight the Tamil rebels of the country.While...

Income tax in national budget- 2007

2007-06-05 00:00:00

Md. Khalilur RahmanTHE ensuing national budget, 2007 is going to be placed this month by dynamic caretaker government before the people of Bangladesh who are anxiously expecting proper relief and remedy in their taxation. As a long experienced Tax Consultant...

Need for revamping local government for no-fuss voter list

2007-06-05 00:00:00

Dr. Mustafizur Rahman NATIONAL Constitution mandates the Election Commission to prepare voter list for each constituency.  Voter list means a authentic and verifiable one without any exclusion. As the election commissioners also point out, preparation of national identity (ID) card...

WB slams donor nations' lag on aid to Africa

2007-06-05 00:00:00

WASHINGTON, June 4 (Xinhua): Three years after pledging a doubling of aid for Africa and new opportunities for African exports, donor nations are falling behind in fulfilling their promises, according to a statement released by the World Bank yesterday. The...

Fundamentals of China's stock market still favourable

2007-06-05 00:00:00

SHANGHAI, June 4 (AFP): The fundamentals of China's stock markets remain favourable despite recent falls triggered by the hike of a key tax on share trading, major state-run securities newspapers said in editorials today. "The adjustment in the securities trading...

Japanese capital investment up for 16th straight quarter

2007-06-05 00:00:00

TOKYO, June 4 (AFP): Japanese firms raised their capital investment in new plant and equipment by 13.6 per cent in the three months to March compared with a year earlier, up for a 16th straight quarter, a government survey showed...

British investment in India too little

2007-06-05 00:00:00

LONDON, June 4 (PTI): In spite of the booming Indian economy, British investment in the country is far below its potential, Minister of State for Industry Ashwani Kumar has said. "Investment by UK companies in the fast-growing Indian economy is...

FAO urges countries to invest more in fire prevention

2007-06-05 00:00:00

ROME, June 4 (Xinhua): Forest fires are affecting larger areas and becoming more severe in several regions of the world, and countries need to invest more in fire preparedness and prevention, according to the latest report of the UN Food...

Asia's leading IT trade show to open in Taipei

2007-06-05 00:00:00

TAIPEI, June 4 (AFP): The world's major technology firms are ready to to display their cutting-edge products in Asia's biggest information technology trade fair here this week and generate multi-billion dollar business opportunities, organisers said today. Among the products on...

UAE to tighten up laws to protect labourers' rights

2007-06-05 00:00:00

ABU DHABI, June 4 (Xinhua): The United Arab Emirates (UAE) vows yesterday to take measures to tighten up implementation of labour laws to protect labourers' rights, Emirates News Agency reported. The decision was made by the UAE cabinet during a...

S Korea economy tipped to post stronger growth

2007-06-05 00:00:00

SEOUL, June 4 (AFP): South Korea's economy will post stronger than expected growth this year and next thanks to brisk exports and increasing consumer spending, a US-based research institute said today. Goldman Sachs Economic Research lifted its growth forecasts to...

Malaysia's April trade surplus down 9.4pc

2007-06-05 00:00:00

KUALA LUMPUR, June 4 (AFP): Malaysia's trade surplus declined in April by 9.4 per cent to 6.0 billion ringgit (1.76 billion dollars) from 6.63 billion during the same month a year ago, official data showed today. The April figure was...

Thai think tank lowers economic growth forecasts

2007-06-05 00:00:00

BANGKOK, June 4 (AFP): The Thai government's economic think tank today trimmed down the nation's growth projections for 2007, saying political uncertainty would affect domestic consumption and investment. The National Economic and Social Development Board (NESDB) said the economy could...

Oil prices lower after key US gasoline pipeline reopens

2007-06-05 00:00:00

SINGAPORE, June 4 (AFP): Oil prices fell in Asian trade today as gasoline (petrol) supply concerns eased after a key US pipeline re- opened over the weekend, dealers said. New York's main contract, light sweet crude for July delivery was...

US investors show interest in India's food processing sector

2007-06-05 00:00:00

NEW YORK, June 4 (PTI): US investors have shown keen interest in India's expanding food processing sector that has an investment potential valued at USD 40 billion. At an interaction organised by the United States India Business Council here, American...

Dollar steady after robust US jobs data

2007-06-05 00:00:00

TOKYO, June 4 (AFP): The dollar hovered near a four- month high against the yen in Asian trade today after robust US jobs data further reduced expectations of a Federal Reserve interest rate cut this year, dealers said. The dollar...

Vietnam's tea export increases in first five months

2007-06-05 00:00:00

HANOI, June 4 (Xinhua): Vietnam shipped abroad 37,000 tonnes of tea totaling 34 million U.S. dollars in the first five months of this year, seeing respective year-on-year increases of 10.1 per cent and 6.1 per cent, according to the country's...

Pak govt determined to provide essential items at cheaper rates

2007-06-05 00:00:00

ISLAMABAD, June 4 (APP): Prime Minister Shaukat Aziz yesterday assured that the government has taken adequate measures to ensure sufficient supply of all essential items at reduced prices to the consumers through Utility Stores and in the open market. He...

BGMEA, DEPZ to recruit poor workers from Rangpur region

2007-06-05 00:00:00

Our CorrespondentNILPHAMARI, Jun 4: On request of the headquarters of 66 Infantry Division of Rangpur Cantonment, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Dhaka Export Processing Zone (DEPZ) have jointly taken an initiative to recruit poor workers from the...

Export earning falls short of target

2007-06-05 00:00:00

 Naim-Ul-KarimThe country's export earning in the first ten months of the current fiscal fell short of target by about $ 78 million when export earning totalled $9912.79 million.The export earning, however, grew by 18.50 per cent compared to the corresponding...

Masihur Rahman takes over as EXIM Bank MD

2007-06-05 00:00:00

FE Report Kazi Masihur Rahman had been appointed Managing Director (MD) of EXIM Bank with effect from June 4. He joined EXIM Bank in August last year as additional managing director. Prior to joining the bank he served as deputy managing...

8 UK cos to invest $930m in Bangladesh

2007-06-05 00:00:00

Eight British companies and individuals have signed memorandum of understandings (MoUs) with the Board of Investment (BOI) to invest in sectors like power plants, tourism, leather garments, food products, building industry, five-star hotels, textiles and financial institutions in Bangladesh, reports...

SIBL holds training on Managing Core Risk and Business Development

2007-06-05 00:00:00

A workshop on "Managing Core Risk and Business Development" organised by the training institute of the Social Investment Bank Ltd (SIBL) was held at its head office in the city Saturday, said a press release. Total 30 executives and branch...

BDDL observes Service Week '07

2007-06-05 00:00:00

FE ReportBDDL observed Service Week 2007 from May 26 - 31 for its clients and land-owners for the first time in the country.BDDL Chairman Sayeed Nazrul Biddut formally inaugurated the programme at its corporate office in the city. The company's...

TNT Express wins two awards for global IT customer service centre

2007-06-05 00:00:00

FE ReportTNT Express won two awards recently for its global information technology (IT) customer service centre in Atherstone, the United Kingdom. The National Help Desk Institute, the world's largest association for the service and support industry, presented the awards to...