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BKSP become new champions in Fed Cup Basketball

2008-07-18 00:00:00

Bangladesh Krira Shikkha Protishthan (BKSP) emerged as new champions in the 9th Federation Cup Basketball beating Josephites Club by 73-61 points in the final at the Dhanmondi Basketball Gymnasium in the city Thursday, reports UNB.Former national basketball player and freedom...

A passage through India

Joe Leahy | 2008-07-18 00:00:00

It is 1am and Ashok Alange prays for a safe trip, lighting incense sticks before the miniature statue of the Hindu elephant god Ganesh that he keeps fixed to his truck's dashboard.In terms of distance, the 540-kilometre drive is relatively...

EC proposes increasing tax on cigarettes

2008-07-18 00:00:00

BRUSSELS, July 17 (Xinhua): The European Commission proposed yesterday to gradually increase minimum taxation levels in the European Union (EU) on cigarettes, aiming to discourage smoking and fight smuggling.Under the plan, the excise duties levied on cigarettes must account for...

French Senate approves Sarkozy reform bill

2008-07-18 00:00:00

PARIS, Jul 17(AFP): The French Senate Thursday gave the green light to reform bills backed by President Nicolas Sarkozy to overhaul the constitution, opening the path for final approval by both houses of parliament.Senators voted 162 to 125, with the...

Honda leads growing foreign car sales in South Korea

2008-07-18 00:00:00

SEOUL, July 17 (AFP): Sales of foreign cars in South Korea rose sharply this year, helped by the growing popularity of Honda's Accord, importers said today.Sales in the first half jumped 31.2 per cent from a year earlier to 33,449...

The wrong tools to tackle rising inflation

Wolfgang Munchau | 2008-07-18 00:00:00

I remember a popular sticker in Germany during the 1970s, designed to ridicule the opponents of atomic energy. It read: "Nuclear power? No thanks! We get electricity from our power sockets."Our current debate on inflation sometimes reminds me of this...

Teknaf landport fails to earn targetted revenue

Our Correspondent | 2008-07-18 00:00:00

CHITTAGONG, July 17: Teknaf Landport customs witnessed a big shortfall in its 2007-08 fiscal's revenue income. It realised revenue amounting to taka 700 million against its target of Tk 951.6 million set by the National Board of Revenue (NBR) earlier,...

HC declares illegal 10 addl judges' non-confirmation

2008-07-18 00:00:00

The High Court (HC) Thursday declared unlawful and unconstitutional the President's action of non-confirmation of 10 additional judges as regular Justices of the HC despite recommendations made by the Chief Justice, reports UNB.The 10 judges are Abdus Salam and Momtazuddin...

Bail petition for Jubo Dol Secy Alal rejected

2008-07-18 00:00:00

The bail petition of Jubo Dol Secretary Syed Moazzem Hossain Alal was rejected outright when it was moved in the Metropolitan Sessions Judge's court Thursday, reports UNB.Earlier on July 13 metropolitan magistrate court accepted the bail petition but did not...

Chinese trade threatens Balkan economic growth: WB

2008-07-18 00:00:00

SARAJEVO, July 17 (AFP): China's trade competitiveness is threatening to slow down economic growth in the Western Balkans, the World Bank warned yesterday."China competes against the countries of the West Balkans ... in a very wide range of products," the...

WFP country director assures help during disaster

2008-07-18 00:00:00

The new country director of the World Food Programme (WFP) John Aylieff presented his credentials to Adviser for Foreign Affairs Iftekhar Ahmed Chowdhury at his office in the city Thursday morning, reports BSS.The Foreign Adviser welcomed Aylieff and thanked the...

Reid appointed Thailand coach

2008-07-18 00:00:00

BANGKOK, July 17(AFP): Former Sunderland and Manchester City boss Peter Reid has been appointed coach of Thailand and will start work in September, a report said today.Reid, who has been out of work since leaving Coventry in January 2005, agreed...

Cultural exchange can strengthen Bangla-China diplomatic ties

FE Report | 2008-07-18 00:00:00

Bolstering the cultural exchange between Bangladesh and China can be an effective way for strengthening the diplomatic ties between the two countries, said China's Charge d'Affaires in Bangladesh Wang Yu Wednesday.His remark came on the eve of launching a book...

Rivers wane as rains slow upstream

2008-07-18 00:00:00

After spilling their banks due to heavy rains during the past two days, Kangsha and Surma have started retreating and moderate flash flood situation in Netrakona and Sunamganj are likely to start improving from today, FFWC sources told news agency...

Tata vehicles fair at Netrakona A correspondent

2008-07-18 00:00:00

NETROKONA, Jul 17: A two-day Tata vehicles fair arranged by Nitol Motors Ltd began on Mukhtarpara playground in Netrakona district town Wednesday.Nitol Motors Ltd Senior Executive Biswajit Saha inaugurated the fair.All kinds of commercial vehicles like bus, truck, minibus, mini...

Dev partners' conditions on loans, grants to Bangladesh found too hard

FE Report | 2008-07-18 00:00:00

The development partners attach tough policy conditionalities with their loans and grants to Bangladesh and put pressure on their implementation, said a UN report Thursday."More than two-thirds of loans and grants (71 per cent) from the IDA (International Development Association)...

Vietnam plans to boost trade links with China

2008-07-18 00:00:00

HANOI, July 17 (AFP): Vietnam plans to boost transport and trade links with neighbouring China by upgrading a major northern highway and sea port by 2020 under a multi-billion- dollar proposal announced today.The new "economic corridor" is part of an...

Muslim insurgent group claims ceasefire in southern Thailand

2008-07-18 00:00:00

BANGKOK, Jul 17 (AP): An organisation claiming to represent groups involved in southern Thailand's Muslim insurgency announced Thursday it will end all violence in the region."We have come to an agreement to have a cease-fire from July 14 onward," a...

Doa Mahfil

FE Report | 2008-07-18 00:00:00

A doa mahfil has been arranged for the departed soul of eminent Islamic Scholar and Ex-Secretary General of Ittehadul Ummah Bangladesh Maolana Mim Fazlur Rahman after Asr prayer today (Friday) at the Belal Mosque of West Nakhalpara near Lucas Mor.Ittehadul...

US, E African bloc seals trade framework pact

2008-07-18 00:00:00

WASHINGTON, July 17 (AFP): The United States yesterday sealed a trade framework with a bloc of five east African nations aimed at bolstering economic ties.US Trade Representative Susan Schwab signed a trade and investment framework agreement (TIFA) with the East...

Dollar eases in Asian trade as financial worries linger

2008-07-18 00:00:00

TOKYO, July 17 (AFP): The dollar reversed gains against the euro and yen in Asian trade today as markets remained on edge for surprises in US banking earnings despite a rally on Wall Street, dealers said.The dollar eased to 104.97...

Govt challenges Nizami's bail in Gatco graft case

2008-07-18 00:00:00

The government has appealed against Jamaat-e-Islami chief Motiur Rahman Nizami's bail awarded by the High Court (HC) in the Global Agro Trade Company (Gatco) graft case, reports bdnews24.com.Advocate Zahurul Islam submitted the appeal on behalf of the government Thursday.Nizami's lawyer...

Proposal for developing 'garment villages'

Md. Ashraf Hossain | 2008-07-18 00:00:00

The Financial Express, in its issue on July 09, 2008 reported that the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) had sent a proposal to the Ministry of Finance for setting up an exclusive zone for apparel industry at Munshiganj.In...

BCB announces 21-member preliminary squad against Australia

2008-07-18 00:00:00

Bangladesh Cricket Board (BCB) announced a 21-member preliminary squad for the ensuing Twenty20 Tournament in Canada and One Day International (ODI) Series against hosts Australia, reports UNB.Mohammad Ashraful as usual will lead the Tigers in both the tourneys, while Mashrafe...

French ambassador visits Beximco Industrial Park, appreciates its products

FE Report | 2008-07-18 00:00:00

The French Ambassador to Bangladesh Mr. Charley Causeret appreciated the products of Beximco because of their high quality and international standard while visiting the Beximco Industrial Park Wednesday, said a press release.Group Director and Chief Executive of Bextex Ltd Syed...

City Bank launches a trio of SME loan products

FE Report | 2008-07-18 00:00:00

City Bank launched a package of three SME loan products -'CityBizness'-Thursday to promote the growth of small and medium enterprises in the country."The three new cluster-loan products; namely City Shulov, City Muldhan and City Sheba are specifically designed to serve...

21 Orissa policemen feared killed by Maoists

2008-07-18 00:00:00

MALKANGIRI, Jul 17 (PTI): In the second major strike by Maoists in Orissa in less than three weeks, 21 Orissa policemen were feared killed in a landmine explosion and firing by the ultras in Malkangiri district Wednesday.The van carrying the...

Economy regaining its growth momentum, says MCCI

FE Report | 2008-07-18 00:00:00

The performance of the Bangladesh economy during the April-June 2008 quarter (Q) was marked by several encouraging features that indicated its regaining of the growth momentum, according to the latest review of the country's economic situation by the Metropolitan Chamber...

GP, BSK launch

2008-07-18 00:00:00

Bishshoshahitto Kendro (BSK) and djuice of GrameenPhone initiated a pioneering venture called "Know Bangladesh" starting from July 15, 2008.The programme is a bicycle tour across the country to learn more about the lifestyle and the hardships of the rural and...

India enhances credit facility for Bhutan

2008-07-18 00:00:00

NEW DELHI, July 17 (PTI): India yesterday decided to enhance the standby credit facility for Bhutan to Rs. 400 crore and promised to step up assistance in socio-economic development of the Himalayan Kingdom.During talks between Prime Minister Manmohan Singh and...