WASHINGTON, Jul 13: The United States welcomed the decision Saturday by Lebanon and Syria to open diplomatic relations but said Damascus needs to take "concrete actions to end its destabilizing tactics in the region.""We continue to support the establishment of...
Shakhawat Hossain | 2008-07-14 00:00:00
A central bank study has suggested appreciation of the Bangladesh taka against the greenback to help rein in soaring inflation."The study has found the local currency undervalued against the US dollar", said executive director of the bank Yasin Ali.The study...
Fazle Rashid from New YorkTHE exit of the Communist Party from the coalition government in India could turn out to be a boon for Manmohon Singh, a fierce protagonist of free economy. The government is set to seek a confidence...
Ross Tieman | 2008-07-14 00:00:00
Britain has never been short of great business leaders with a sense of social responsibility. From Josiah Salt, who provided medical care for his 19th- century mill workers, through the Lever Brothers and their worker housing at Port Sunlight, to...
Farhan Bokhari | 2008-07-14 00:00:00
FT Syndication ServiceISLAMABAD: Saudi Arabia has agreed in principle to defer payments for crude oil sales to Pakistan expected to be worth approximately $5.9bn at present rates during Pakistan's present July-June financial year.This would provide a significant boost to the...
The BBC has found the first evidence that China is currently helping Sudan's government militarily in Darfur.The Panorama TV programme tracked down Chinese army lorries in the Sudanese province that came from a batch exported from China to Sudan in...
Our Correspondent | 2008-07-14 00:00:00
CHITTAGONG, July 13: Sale of formalin-treated fish of different species has become rampant again in the kitchen markets of the port-city and its adjoining areas following suspension of anti-adulteration drive.Formalin creates cancer in stomach and lungs of human body, and...
FE Report | 2008-07-14 00:00:00
The inter-bank call money rate nominally gained ground Sunday mainly due to withdrawal of cash through treasury bills and reverse repurchase agreement (repo). The US dollar, on the other hand, remained stable against Bangladesh taka (BDT) in the inter-bank foreign...
WASHINGTON, (Internet): Spurred by economic worries, American shoppers have quickly decided that cheaper is better. They are trading down to store brands from fancy labels, to small cars from SUVs, and to deep-discounters from full-service stores.Wal-Mart Stores Inc, which last...
Bangladesh Football Federation (BFF) will sign a memorandum of understanding (MoU) with mobile phone operator CITYCELL at the BFF Bhaban at 3:00 pm today (Monday), reports UNB.Talking to the reporters, BFF President Kazi Salahudin said CITYCELL had agreed to become...
BAGHDAD, Jul 13(AFP): Roadside bomb attacks in Iraq Sunday killed at least five people, including three policemen in the former Sunni rebel bastion of Fallujah, police said.The policemen were killed when two bombs exploded outside the home of a local...
M Azizur Rahman | 2008-07-14 00:00:00
The government is expected to award nine offshore blocks, nearly one-third of the total as offered, to the international oil companies (IOCs) for oil and gas exploration in the Bay as the bid evaluation committee has submitted its final report...
LONDON, July 13 (AFP): Britain's once-booming housing market is slumping and faces the prospect of an even sharper downturn owing to the global credit crunch, according to economists.The housing market unravelled further last week, with house prices tumbling at their...
Shamsul Huq Zahid | 2008-07-14 00:00:00
Bugs invaded the computers belonging to a large number of brokerage houses last Wednesday, causing serious disruption in daily operation of the Dhaka Stock Exchange-DSE. There had been no transactions during the usual hours of trading-between 10am and 2pm. However,...
PHNOM PENH, July 13 (AFP): Sath Vanny sits anxiously at the door to her tiny one-room hut in the factory district of Cambodia's capital.She left her hometown in the southern province of Takeo seven years ago to work at a...
The Israeli and Palestinian leaders have expressed their optimism over the chances for peace, ahead of a summit of EU and Mediterranean rim nations.Israeli PM Ehud Olmert said they had never been so close to reaching an agreement with the...
A special court Sunday rejected the bail prayer of former Health Minister Sheikh Fazlul Karim Selim who faces the trial in a Tk 30 million (3.0 crore) extortion c7ase along with his cousins former Prime Minister Sheikh Hasina and Sheikh...
FE Report | 2008-07-14 00:00:00
Finance and Planning Adviser Mirza Azizul Islam ruled out Sunday any economic stagnation as has been alleged, saying the country's overall macroeconomy still stands on a sound footing despite experiencing both internal and external shocks.'I am opposed to that very...
As a part of the corporate social responsibility (CSR) and to mitigate sufferings of the poor women and children of the country, Dhaka Bank Foundation recently donated Tk 1.2 million to the Centre for Woman and Child Health (CWCH) to...
FE Report | 2008-07-14 00:00:00
MACOMM, a fast growing advertising agency of the country, celebrated its 3rd anniversary at BRAC BCDM Training Resort in Gazipur recently.A 3-day creative and advertising workshop was organised at the venue titled 'Ignite'. Asian advertising icon Ram Sehgal, who has...
FE Report | 2008-07-14 00:00:00
AB Bank Limited, a first generation private commercial bank Sunday launched its Islamic Banking online services through using 'Ababil' software and introduced three new attractive products for its Islamic banking customers."With the introduction of the new facility AB Bank Islamic...
LORD'S, July 13 (Cricinfo): One session down, six to go for South Africa. They achieved their first aim on the fourth morning as Graeme Smith and Neil McKenzie survived unbroken through to lunch, making small inroads into the huge first...
TOKYO, Jul 13 (AP): About 5,400 residents were evacuated in Osaka in western Japan and flights at nearby airports were rerouted Sunday as army experts disposed of a large unexploded bomb believed to have been dropped by the US military...
FE Report | 2008-07-14 00:00:00
An officers' get-together of EXIM Bank Ltd was held at a city hotel Friday.EXIM Bank Chairman Md Nazrul Islam Mazumder was present as the chief guest of the function presided over by Managing Director Kazi Masihur Rahman.Directors AKM Nurul Fazal...
THERE is no parallel of a small country of about 55,000 square miles crammed with a population of over 140 million that happens to be today's Bangladesh. Bangladesh also is the world's most densely populated country in terms of the...
Naim-Ul-Karim | 2008-07-14 00:00:00
The government's plan to bolster trade with Nepal through a direct road link across Banglabandha land port remains a far cry due to India's reluctance to provide transit facility, said a senior official Sunday.He said both the countries need transit...
The two men who are proposing an English Twenty20 rival to the Indian Premier League have defended the revolutionary proposal, reports BBC.Keith Bradshaw, the secretary of the MCC, and Surrey chairman David Stewart have come up with lucrative
Two Bangladeshi Tennis coaches --Rashedul Islam Rumi and Mustafizur Rahman Russell -- left Dhaka Sunday for Sri Lanka via Bangkok to participate in the "New Level 1 Coaches Course-beginner & Intermediate Players" to be held in the island nation on...
Election Commissioner Brig Gen (retd) Sakhawat Hossain Sunday said elections to 300 - 350 Upazila parishads would be complete within October and election to the remaining Upazilas be held after the general elections, reports UNB.Talking to journalists at his office,...
WASHINGTON, July 13 (AFP): Faced with skyrocketing gasoline prices, US President George W Bush called Saturday for more oil exploration in US territory-and blamed Democratic- controlled Congress for lack of action on the issue."One of the factors driving up high...
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