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SA save first Test at Lord's

2008-07-16 00:00:00

LONDON, July 14 (AP): South Africa batted for almost six full sessions to draw the first Test against England Monday. When stumps were drawn midway through the evening session at Lord's, with England employing part-time spinners Kevin Pietersen and Alastair...

Oil prices mixed in Asian trading

2008-07-16 00:00:00

SINGAPORE, July 15 (AFP): World oil prices were mixed in Asian trading on Tuesday after workers at a Brazilian state- run energy firm began a five-day strike, dealers said.New York's main contract, light sweet crude for August delivery, was off...

BoJ cuts economic growth forecasts

2008-07-16 00:00:00

TOKYO, July 15 (AFP): Japan's central bank today lowered its growth forecast for Asia's largest economy to 1.2 per cent in the current fiscal year to March from 1.5 per cent previously as domestic demand weakens.The Bank of Japan (BoJ)...

US strategy in Iraq is unsound : Obama

2008-07-16 00:00:00

WASHINGTON, Jul 15 (AP): Contending that the US is not pursuing a sound strategy for keeping Americans safe, Democratic presidential candidate Barack Obama laid out goals Tuesday that he argued would deal with the nation's most pressing threats.In a major...

Bank Asia opens second branch in Jessore

2008-07-16 00:00:00

The 32nd branch of Bank Asia started its operation at Jessore town since Monday, says a press release.It is the second branch of the bank in this area.President and Managing Director of the bank Syed Anisul Huq formally inaugurated the...

Proposed act to 'make pvt 'varsities even more dependent on UGC'

FE Report | 2008-07-16 00:00:00

Association of Private Universities of Bangladesh (APUB) has requested the government to repeal the proposed "Private University Act 2008" which, it said, has been designed to increase the control of government authorities over privately-run universities."The proposed act contains certain clauses...

Moriarty holds closed-door meet with politicians, lawyers

2008-07-16 00:00:00

US Ambassador James Moriarty had a closed-door parley with leaders of major political parties and leading lawyers to know their views on the two burning questions -- general election under the state of emergency and upazila council polls before the...

No decision on transit at this point of time: Touhid

2008-07-16 00:00:00

No decision on India's proposal for transit will be taken at the foreign secretary-level talks beginning in New Delhi tomorrow (Thursday), said Foreign Secretary Touhid Hossain who flies to the Indian capital today (Wednesday) for the meet."Nothing to be worried,...

BRAC's pharmaceutical factory

2008-07-16 00:00:00

BRAC is the largest NGO in Bangladesh and has been serving the poor section of the population since 1972. Healthcare is a core programme of BARC. In the present era, pharmaceutical medicine is one of the basic ingredients of healthcare....

New ideas must catch a customer's mood

Morgen Witzel | 2008-07-16 00:00:00

TEN years ago, Clayton Christensen's book, The Innovator's Dilemma, was a bestseller. Christensen showed how innovation could become a form of trap. Companies invest large amounts of time and money in innovation but then lack the ability to make their...

Vietnam to develop northern economic corridor

2008-07-16 00:00:00

HANOI, July 15 (Xinhua): The Vietnamese government has approved a plan on fostering its economic corridor involving Hanoi capital, Hai Phong city, and Lang Son and Quang Ninh provinces by 2020 to mainly boost exports to China, Europe and Southeast...

AL blames govt for patronising anti-liberation forces

2008-07-16 00:00:00

Bangladesh Awami League (AL) central leaders Tuesday accused a section of the caretaker government of patronising the 'BNP-Jamaat-led' anti-liberation forces, reports UNB.The AL leaders said on one hand the government is putting many pro-liberation war heroes behind the bars and...

Authorities will take measures to prevent massive fall of price

FE Report | 2008-07-16 00:00:00

Share trading of Rupali Bank Limited, the top market capitalisation leader of 2006 and 2007, resumes next Sunday on the stock exchanges after remaining suspended for over eight months.The decision came at a board meeting of the Dhaka Stock Exchange...

Nizami freed on bail

2008-07-16 00:00:00

Detained Jamaat-e-Islami ameer and former minister Motiur Rahman Nizami walked to freedom on Tuesday evening on a two-month interim bail in the Gatco graft case in which ex-premier Khaleda Zia is the principal accused, report UNB/bdnews24.comHe happens to be a...

NBR to sit with businesses July 21 on ECR installation

Doulot Akter Mala | 2008-07-16 00:00:00

The National Board of Revenue (NBR) has decided to bring some flexibility in implementation of its order on mandatory installation of electronic cash register (ECR) in 10 services sector.The NBR order is scheduled to come into effect from January 1,...

Brazil oil production cut 7pc by strike

2008-07-16 00:00:00

RIO DE JANEIRO, July 15 (AFP): Oil output in Brazil was cut seven per cent yesterday as workers for Petrobras started a five-day strike over a demand for an extra day's pay, the state- run company said.The stoppage affected platforms...

news digest

Israeli cabinet approves | 2008-07-16 00:00:00

Hezbollah prisoner swapJERUSALEM, Jul 15: An Israeli government spokesman says the Cabinet has overwhelming approved a prisoner swap with Hezbollah.The hotly debated deal would release a convicted Lebanese child-killer and four Hezbollah guerrillas in exchange for two missing Israeli soldiers...

Karzai opposes US use of Afghan soil against Iran

2008-07-15 00:00:00

KABUL, Jul 14 (Reuters): Afghanistan opposes US use of its territory for launching a possible attack against neighbouring Iran, President Hamid Karzai said in an interview broadcast Monday.Iran has threatened to target Israel and US interests in the region in...

High raw material cost pushes local cement price up

FE Report | 2008-07-15 00:00:00

Cement does so much for us that it's difficult to imagine a world without it. Cement is a key element of modern construction, from our homes, through to schools, hospitals, offices, roads, railways and airports and what not?. Construction and...

Election fever grips 4 city corps, 14 municipalities

2008-07-15 00:00:00

Following the distribution of symbols to the candidates today election fever gripped the four city corporation and nine pourasabha areas centering the mayor and councillor elections to be held on August 4, reports BSS.The poll campaign started by the contestants...

sports digest

2008-07-15 00:00:00

Inter teen star ready to commit to ItalyROME, July 14: Italian champions Inter Milan's teenage sensation Mario Balotelli told La Gazzetta dello Sport Monday that his first call up to Italy colours cannot come soon enough. The 17-year-old striker -...

Tigers begin practice to face Australia

2008-07-15 00:00:00

The national cricketers began their practice camp Monday at the Mirpur She-e-Bangla National Stadium (SBNS) for the ensuing Twenty20 meet in Canada and ODI series against host Australia, reports UNB.Only nine players joined the day's two-hour fitness session under the...

Eight persons killed in separate incidents

2008-07-15 00:00:00

Eight persons were killed and many others injured in separate incidents in different places of the country during the last two days, report agencies.In Jhenidah, a farmer, who was injured in an attack by his friend Saturday, died at Sadar...

Bangladesh's trade policy still very restrictive: WB

FE Report | 2008-07-15 00:00:00

Bangladesh's trade restrictiveness is one of the highest in the South Asian region, a World Bank report said Monday."While high-income countries still have the world's lowest tariff barriers, many developing countries are converging rapidly. Bangladesh still maintains a very restrictive...

China's cutsoms tax revenues surge 35.6pc in 1H

2008-07-15 00:00:00

BEIJING, July 14 (Xinhua): China's customs tax revenues nationwide stood at 489.6 billion yuan (71.6 billion US dollars) from January to June this year, up 35.6 per cent year on year, the General Administration of Customs of China (GACC) said...

Obama vows to pull out bulk of forces from Iraq by mid-10

2008-07-15 00:00:00

WASHINGTON, Jul 14(AFP): US Democratic presidential candidate Barack Obama vowed Monday to pull out the bulk of US forces from Iraq by mid-2010 -- but insisted on keeping "a residual force" to fight remnants of Al-Qaeda in the country for...

Hanescu claims first career tennis title at Gstaad Open

2008-07-15 00:00:00

GSTAAD, Switzerland, July 14 (AFP): Victor Hanescu won his first career title as he took advantage of a tired Igor Andreev to claim a 6-3, 6-4 victory in 70 minutes at the Gstaad Open here Sunday.A rainy weekend stayed dry...

Yawning default loans

2008-07-15 00:00:00

IT was shocking to read a newspaper report that the default loans in the country's banking system, are fast rising. Why is this happening? It appears that the default loans are soaring because the borrowers are big businessmen who are...

Selecting venue for AGMs

2008-07-15 00:00:00

NOWADAYS share business in Bangladesh is all the craze. Those who are aware prefer to invest in the capital market as return on investment in shares is more than that from the deposits kept in the banks. All the shareholders...

Students, youths, juvenile urged to say

2008-07-15 00:00:00

Adviser for Primary and Mass Education Rasheda K Chowdhury Monday urged all students, youths and juvenile to take a vow to say no to drug, reports BSS.Rasheda K Chowdhury made the appeal while speaking at the inaugural ceremony of a...