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Mongla Port remains idle

Our Correspondent | 2008-07-22 00:00:00

KHULNA, July 21: The country's second seaport at Mongla remained virtually idle for the last one week with no cargo ship anchoring at the problem-ridden port, officials sources said."Even till July 23 there is no schedule for any ship in...

developments in the region and abroad

Yadav elected | 2008-07-22 00:00:00

Nepali presidentBelying expectations Nepali Congress Party candidate Dr Ram Baran Yadav was today elected the first president of republic by the constituent assembly defeating the Maoist candidate, according to Nepal's Kantipur website monitored here, reports UNB.Dr Yadav (61), general secretary...

Call rate posts rise, dollar steady

FE Report | 2008-07-22 00:00:00

The inter-bank call money rate posted rise Monday despite injection of fresh cash into the market. The US dollar, on the other hand remained steady against Bangladesh taka (BDT) in the inter-bank foreign exchange market mostly due to adequate supply...

Middle aged man's body found at city's Mirpur area

2008-07-22 00:00:00

The body of a middle-aged man was recovered from city's Mirpur area Sunday night, reports UNB.The dead was identified as Delwar Hossain Mintu, an employee of a buying house of Banani area.Family sources said Mintu went to his working place...

US businesses wary about economic recovery

2008-07-22 00:00:00

WASHINGTON, July 21 (AFP): US companies remain cautious about the economy despite some signs of improvement as they battle rising costs and squeezed profit margins, a survey of business economists showed today.The National Association for Business Economics (NABE) said its...

New ad-hoc committee of Sunder Jiban

2008-07-22 00:00:00

Sunder Jiban, working for the protection and development of environment for the last nine years, has been reorganised with a new ad-hoc committee, said a press release.The committee was formed recently at a meeting of the executive committee held at...

TV personality, comedian Lalu dead

2008-07-22 00:00:00

MYMENSINGH, July 21 (UNB): TV personality and comedian ASM Abdul Alim popularly known as Lalu died of old age complications at his Brahmma Palli residence in the district town at noon Monday. He was 76.He left behind wife, six sons,...

Six troops, rebels killed in Pakistan

2008-07-22 00:00:00

QUETTA, July 21 (AFP): Six Pakistani paramilitary troops and a "big number" of separatist insurgents were killed in clashes in troubled southwestern Pakistan at the weekend, a senior security official said Monday.Security forces launched an operation against rebel camps in...

Private equity favours Asian stakebuilding

Sundeep Tucker | 2008-07-22 00:00:00

FT Syndication ServiceHONG KONG: Private equity firms ramped up the level of minority investments in Chinese and Indian companies in the first half of the year amid a fall in buy-out opportunities in Asia and beyond, according to a study.The...

Nepal Maoists lose 'presidential vote'

2008-07-22 00:00:00

KATHMANDU, July 21 (AFP): Lawmakers in Nepal Monday voted in the country's first post-royal president, Ram Baran Yadav, rejecting a candidate backed by the Maoists, state television said.Yadav, who was backed by the centrist Nepali Congress party, won 308 out...

Delwar accuses govt of conspiring to put stooges in power

2008-07-22 00:00:00

BNP Secretary General Khandaker Delwar Hossain Monday demanded the long-awaited parliamentary polls to be held in October, before the planned upazila elections, after lifting the state of emergency fully, reports UNB.He also alleged politicians have been thrown behind bars as...

Now, Tatas eye making cars priced over one-lakh pound

2008-07-22 00:00:00

LONDON, Jul 21 (PTI): After unveiling the world's cheapest car with a price tag of Rs one lakh, Indian auto major Tata Motors is now gearing up to tap the other extreme of the market with new models of its...

Tormented by soaring prices

Yakub Ali Khan | 2008-07-22 00:00:00

RISING prices is now the subject of worried conversation everywhere -- at tea stalls, buses, launch terminals or any location where people come together and exchange opinion. Complete strangers when travelling together to a common destination usually discuss the weather....

Asian stocks gain on improving sentiment after oil prices sink

2008-07-22 00:00:00

HONG KONG, July 21 (AP): Asian stock markets rose Monday as sentiment improved thanks to lower crude oil prices and stronger-than-expected earnings from US banks.In Hong Kong, the blue-chip Hang Seng Index climbed 714.18 points, or nearly 3.3 per cent,...

Ctg footpaths again occupied by hawkers

Our Correspondent | 2008-07-22 00:00:00

CHITTAGONG, July 20: Footpaths of the city have again been occupied by hawkers. Besides footpaths, floating shops have also occupied even a large portion of roads caring little for convenient movement of the vehicular traffic and commuters.Though sufferings of people...

Karnaphuli Paper Mills earns Tk 120m profit

2008-07-22 00:00:00

RANGAMATI, July 21 (BSS): Karnaphuli Paper Mills Limited (KPM), an enterprise of Bangladesh Chemical Industries Corporation (BCIC), has earned a profit of Tk 120 million (12 crore) in the fiscal 2007-08, officials of the KPM said.The KPM authorities have been...

ACC detects huge corruption in BTCL

2008-07-22 00:00:00

The Anti-corruption Commission (ACC) has detected huge corruption involving millions of taka in the transport section of the Bangladesh Telecommunications Company Limited (BTCL), previously known as BTTB.ACC Director General (admin) Colonel Hanif Iqbal disclosed this while briefing newsmen at the...

Emerging market groups hungry for IPO cash to fund expansion

2008-07-22 00:00:00

David Oakley and Rachel MorarjeeEmerging market companies are raising the lion's share of cash on the world's equity markets as they seek money for expansion in spite of the deteriorating financial and economic conditions.These companies accounted for 70 per cent...

USA set to defend Olympic medal supremacy in Beijing

2008-07-22 00:00:00

WASHINGTON, July 21(AFP): Americans will attempt to lead the overall medal table for the fourth Summer Olympics in a row next month in Beijing, but hosts China and Russia will challenge for supremacy in golds and total medals.US teams had...

ACC to file case against ex-BNP MP Ilias, wife

2008-07-22 00:00:00

The Anti-corruption Commission (ACC) is set to file a case against former BNP MP M Ilias Ali and his wife for amassing illegal wealth and hiding information about it, reports UNB.Speaking at a regular briefing of the Commission, ACC Director...

Reducing losses of SOEs

2008-07-22 00:00:00

THE state owned enterprises (SOEs) under various sector corporations of the government have been a source of continuing drain of public resources . The losses have been rising, ebbing somewhat and rising again over the years. On the whole, the...

New tech can save fuel oil to run vehicles

Our Correspondent | 2008-07-22 00:00:00

CHITTAGONG, July 21: Newly-invented Compressed Water Technology (CWT) was displayed at a press conference in Chittagong Press Club recently, using which operation of vehicles is possible with hydrogen and only 10 to 20 per cent fuel oil.Engineer Joinal Abedin of...

news digest

US-led coalition member | 2008-07-22 00:00:00

killed in bombingKABUL, July 21: The US-led coalition says one of its members has died after being wounded by a roadside bomb in Afghanistan's troubled south. The coalition says in a statement that the blast occurred in Helmand province Sunday...

American journalism, still a model

Gideon Rachman | 2008-07-22 00:00:00

Rupert Murdoch's arrival at The Wall Street Journal is being greeted by American journalists with roughly the level of enthusiasm with which the Romans greeted Alaric the Visigoth. The Atlantic Monthly proclaims that the day the elderly tycoon took over...

Two outlaws slaughtered

2008-07-22 00:00:00

PABNA, July 21 (UNB): Two outlaws were slaughtered at Sonakandi village under Sathia Upazila Monday.According to the police, the deceased Jahangir Alam (30) and Masud Rana (31), were activists of outlawed Purba Banglar Communist Party (ML-Lalpotaka).Local people said some unidentified...

Call to follow electoral rules, regulations strictly

2008-07-22 00:00:00

RAJSHAHI, July 21 (BSS): Speakers at a views-sharing discussion with the candidates here Monday urged the contenders to the upcoming polls of Rajshahi City Corporation (RCC) to follow the election code of conducts strictly for making the election meaningful.The contenders...

Zimbabwe leaders 'to sign deal'

2008-07-22 00:00:00

Zimbabwe's ruling party and opposition are due to sign a deal outlining a framework for talks on the country's political crisis, both sides say, BBC reports.Haile Menkerios, the UN's envoy to Zimbabwe, said the deal would be signed by President...

Oil prices higher after Iran nuclear talks stall

2008-07-22 00:00:00

SINGAPORE, July 21 (AFP): Oil prices were higher in Asian trade today after weekend talks in Geneva aimed at convincing Iran to halt its nuclear programme made little progress, dealers said.In afternoon trade, New York's main contract, light sweet crude...

Paddy procurement target likely to fail in Khulna division

2008-07-22 00:00:00

KHULNA, July 21 (UNB): The government's rice and paddy procurement drive is likely to fail to achieve its target in 10 districts of Khulna division during the current season.Food officials have set a target to procure .17 million tonnes ,...

British economic 'horror movie' to continue

2008-07-22 00:00:00

LONDON, July 21 (AFP): Britain's economic "horror movie" will continue in the months to come, with growth slowing considerably, while unemployment will rise and inflation will remain above government targets, an influential economic forecasting group said today.The ITEM Club, which...