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HC rejects writ against local poll schedules

2008-07-11 00:00:00

The High Court (HC) Thursday summarily rejected a writ petition challenging the validity of the Election Commission's (EC) schedule for holding election to four city corporations and nine municipalities before publication of the final voter list, reports UNB.A division bench...

Indian software exports cross $40b mark

2008-07-11 00:00:00

NEW DELHI, July 10 (AFP): Indian software exports grew 29 per cent to cross the 40-billion-dollar mark in the fiscal year just ended despite global economic turmoil, the outsourcing industry's top body said."I would request you to focus not just...

news digest

Badawi meets party amid | 2008-07-11 00:00:00

handover speculationKUALA LUMPUR, Jul 10 : Malaysia's Prime Minister Abdullah Ahmad Badawi met with leaders of his ruling party Thursday amid speculation he will announce a plan to step down in June 2010. Abdullah has faced calls to quit since...

Ctg bus owners realising excess fares

Our Correspondent | 2008-07-11 00:00:00

CHITTAGONG, July 10: An anarchic situation has been created in the transport sector of the port city because of realisation of excess bus fares from passengers.The unilateral decision of fixing bus fares by the Transport Owners Forum (TOF) during current...

Shanghai showdown for Nadal, Federer, Djokovic

2008-07-11 00:00:00

SHANGHAI, July 10(AFP): Wimbledon champion Rafael Nadal, Roger Federer and Novak Djokovic are the first players to qualify for the season-ending Masters Cup in Shanghai in November, organisers said today.The trio have already earned enough points to book their berths...

Asian stocks mixed as credit fears resurface

2008-07-11 00:00:00

HONG KONG, July 10 (Thomson Financial): Asian stock markets were mixed Thursday with Australia and Shanghai losing ground led down by financials on renewed concerns about credit markets and slowing economic growth.Hong Kong rebounded after falling in early trade due...

Dhaka stocks bounce back

FE Report | 2008-07-11 00:00:00

Dhaka stocks bounced back Thursday, led by mainly blue chip shares, which recovered some of their losses suffered during the past three straight sessions.Trading at the Dhaka Stock Exchange (DSE) opened in upbeat mood, pushing the key index up more...

More foreign fighters moving into Pak tribal areas

2008-07-11 00:00:00

WASHINGTON, Jul 10(AFP):US intelligence officials say there has been an increase in foreign fighters travelling to Pakistan to join up with Al-Qaeda-linked militants in the country's tribal areas, the New York Times reported today.US intelligence and military sources told the...

Rising food costs further pressure world hunger

2008-07-11 00:00:00

WASHINGTON, July 10 (Xinhua): The soaring cost of food increased the number of hungry people in the world by 122 million in 2007 and now threatens to swell the malnourished population for a decade, The Wall Street Journal reported yesterday.The...

Nestle provides clean drinking water at Gazipur school

FE Report | 2008-07-11 00:00:00

Nestle Bangladesh Limited has taken a step to ensure good life by providing clean drinking water in a few village schools.As part of its campaign, the company set up a clean drinking water tank at Sreepur Pilot High School in...

Encourage expatriates to use official channels, says BB governor

FE Report | 2008-07-11 00:00:00

Bangladesh Bank governor Salehuddin Ahmed has asked commercial banks to introduce advanced technology to encourage expatriate Bangladeshis to use official channels for sending remittances."Introduction of electronic payment services would reduce the time and cost of remitting money; and expatriate workers...

Russia to be Europe's biggest car market in 2008

2008-07-11 00:00:00

MOSCOW, July 10 (AFP): Russia could overtake Germany this year to become Europe's largest car market, accounting firm PricewaterhouseCoopers (PWC) said in a study released yesterday."Russia may become the largest market in Europe by as early as 2008" if current...

BKB disburses Tk 392.8m loan in B'baria

Our Correspondent | 2008-07-11 00:00:00

BRAHMANBARIA, July 10: Bangladesh Krishi Bank (BKB) disbursed Tk 392.8 million (Tk 39.28 crore) during the financial year 2007-2008 among 15295 poor farmers through its 27 branches in eight upazilas of the district.BKB set a target to disburse Tk 510.00...

Gloomier warnings for the future

2008-07-11 00:00:00

Fazle Rashid from New YorkA drop in the oil price brought some relief for a battered and a badly bruised global economy but warnings for the future are becoming gloomier by the day. The US Federal policy planners, always reluctant...

Bhola Lal suffers defeat to Masud Rana

2008-07-11 00:00:00

League leader Bhola Lal of Sonargaon Hotel tasted his first defeat in the Delta Life National Squash tournament suffering a 0-3 sets loss to Masud Rana (Dhaka Army Club) in the Premier Division at the Dhaka Club in the city...

ACC sues AL leaders Sajeda, Jahangir

2008-07-11 00:00:00

The Anti-Corruption Commission (ACC) Thursday sued senior Awami League (AL) leaders and former ministers Syeda Sajeda Chowdhury and AKM Jahangir Hussein for amassing illegal wealth and concealment of information, apparently stoking up the purge against former ruling politicians, reports UNB.ACC...

Foundation training course for Premier Bank officers begins

2008-07-11 00:00:00

A foundation training course for the newly recruited junior officers (cash) of Premier Bank Limited began in the city recently.Premier Bank Training Institute organised the course, said a press release.Additional Managing Director of the bank Md Mokhlesur Rahman inaugurated the...

Red Cow re-enters into Bangladesh market

2008-07-11 00:00:00

Red Cow trusted for more than 12 years in Bangladesh has re-entered into the market through New Zealand Dairy Products Bangladesh Limited.Initially Red Cow, one of the pillar brands of New Zealand Dairy Products Bangladesh Ltd, had entered into the...

High prices of food items to have adverse effect on public health

2008-07-11 00:00:00

Food, Health and Family Welfare Adviser MM Shawkat Ali Thursday admitted that the high prices of food items would have an adverse effect on public health for low-dose nutrition intake, reports UNB."Definitely, this (increased prices of food) will have no...

Tour hangs in balance after president intervenes

2008-07-11 00:00:00

Sri Lanka's tour of England next year hangs in the balance with Mahinda Rajapakse, the country's president, instructing his sports minister to ensure that Sri Lanka Cricket (SLC) propose alternate dates for the tour or decline the invitation of the...

No plans to raise diesel subsidy for irrigation

S M Jahangir | 2008-07-11 00:00:00

The government has no immediate plans to enhance its cash subsidy allocation for distribution among cultivators of Boro crop on their use of diesel for irrigation purpose despite a significant rise in cultivation costs following the recent upward adjustment of...

Govt opts for long-term borrowing

Siddique Islam | 2008-07-11 00:00:00

The government has gradually changed its debt management strategy towards long-term borrowing from short-term to facilitate development activities.Under the new strategy, the government will increase borrowing for longer tenure by issuing different bonds instead of short-term borrowing through treasury bills...

Moulvibazar BSCIC industrial area gasps despite having potentialities

Our Correspondent | 2008-07-11 00:00:00

MOULVIBAZAR, July 10: Moulvibazar BSCIC area failed to become a successful industrial zone despite having huge potentials.With available raw materials and a large amount of remittance remaining idle with the local bank branches, industrialisation can be boosted by making proper...

ICC's 2009 conference to be held at Lord's

2008-07-11 00:00:00

The ICC's annual conference in 2009 will be held at Lord's, David Morgan, the ICC president, has confirmed. Lord's had held the yearly conference since the first in 1909, but the meeting this year was hosted in Dubai, the first...

Delhi seeks cooperation from Dhaka in security matters

2008-07-11 00:00:00

India has sought greater cooperation from Bangladesh in security matters as New Delhi found some connectivity of a number of terrorists groups between Bangladesh and India causing certain security breaches."We will be seeking greater cooperation so both the countries can...

Nine persons killed in separate incidents

2008-07-11 00:00:00

Nine persons were killed and many others injured in separate incidents in different places of the country during the last two days, report agencies.In Mymensingh, three people, including a woman, were killed and 40 others injured in a head-on collision...

Brazil to make electricity from sugarcane

2008-07-11 00:00:00

SAO PAULO, July 10 (AFP): Brazil's state-run energy group Petrobras is looking to produce electricity from sugarcane by 2012, it said Tuesday.The bio-energy will initially be generated in a 60-megawatt plant in the central town of Britaruma, but eventually "we...

Prices of non-brand edible oil defy govt-fixed cap

Naim-Ul-Karim | 2008-07-11 00:00:00

Prices of non-brand edible oil remained unchanged Thursday at their previous highs at the retail level amid lax government monitoring despite setting a cap on their wholesale rates earlier on Wednesday.In a meeting between the officials of the Directorate General...

BoE likely to hold interest rates until fog clears

2008-07-11 00:00:00

LONDON, July 10 (Reuters): The Bank of England (BoE) is expected to hold interest rates at 5.0 per cent Thursday and will probably sit tight until it has a better idea of which is the greater evil, surging inflation or...

Kishore Football Udbodhan School beat Kirtipasha

2008-07-11 00:00:00

JHALKATHI, July 10 (UNB): Udbodhan Secondary School earned a hard-fought 1-0 victory over Kirtipasha Prasanna Kumar Secondary School in the opening match of the Kishore Football League at the local stadium Thursday.Zakaria scored the all-important goal for the winners in...