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For healthy growth of housing sector

2008-07-01 00:00:00

Exploding population in the urban centres and scarcity of houses to accommodate them is the reason behind the phenomenal growth of the housing sector. Undoubtedly, it is fulfilling a very vital need of the people. But in the Bangladesh context,...

Food export ban producing opposing results

From Fazle Rashid | 2008-07-01 00:00:00

NEW YORK, June 30: Growing fear about the world facing an acute shortage of food at an affordable price has led to hoarding by farmers, traders and consumers all over the planet. Whether the fear is perceived or real is...

Pak militant house destroyed

2008-07-01 00:00:00

An explosion has destroyed the house of a militant leader in the Khyber region of north-west Pakistan, killing at least seven people, officials say.It is not clear whether explosives stored in the building detonated or if it was hit by...

'Rate hike might trigger risk to China's economy'

2008-07-01 00:00:00

BEIJING, June 30 (Xinhua): Chinese economist calls on the government not to increase bank interest at present.Lu Zhengwei, chief macro-economy analyst of the Industrial Bank, said that the interest rate hike, if realised these days, would impose fairly high risk...

UCB celebrates 25th founding anniversary

FE Report | 2008-07-01 00:00:00

United Commercial Bank Limited (UCB) celebrated its 25th founding anniversary in all branches of the bank Sunday.UCB Chairman Md Jahangir Alam Khan inaugurated the founding anniversary programme of the bank at its head office in the city.All branches of the...

Bangladesh A suffers 5-wicket defeat to Ireland

2008-07-01 00:00:00

Visiting Bangladesh A team suffered a five-wicket defeat to hosts Ireland in the first one-day match at Bangor in Ireland Sunday, reports UNB.The match was reduced to 44-over per side due to rain.Replying to an easy target of 111, Ireland...

90 pc of women face gender violence at workplaces

2008-07-01 00:00:00

More than 90 per cent of working women both in rural and urban areas have been experiencing various kinds of gender violence, including verbal, physical, mental and sexual, at their workplaces, reports BSS.This was revealed by a study styled 'Gender...

Vietnam suspends gold imports in move to ease growing trade deficit

2008-07-01 00:00:00

Amy Kazmin in Bangkok and Javier Blas in LondonVIETNAM'S communist authorities have temporarily suspended all gold imports in a bid to tackle the country's spiralling trade deficit and help support the depreciating local currency, the dong.With Vietnamese investors rushing into...

Stock price downturn persists

Kayes M Sohel | 2008-07-01 00:00:00

Erosion in share prices in the country's main bourse -- the Dhaka Stock Exchange (DSE) -- continued for the eighth consecutive trading day on Monday.However, the chairman of the Securities and Exchange Commission (SEC) Faruq Ahmad Siddiqi Monday found no...

NCC Bank holds branch managers' conference

2008-07-01 00:00:00

NCC Bank Ltd organised a conference of the executives and branch managers of the bank's Dhaka zone at the bank's head office in the city recently.Chairman of the bank Tofazzal Hossain attended the conference as the chief guest while Managing...

Two outlaws killed in RAB encounter

2008-07-01 00:00:00

PABNA, June 30 (UNB): Two terrorists were killed in an encounter between their accomplices and a joint force of Rapid Action Battalion (RAB) and police at Swarpara village under Ataikula thana Monday.The deceased were identified as Swapan (30) and Zahurul...

G8 leaders to set up task force on food crisis

2008-07-01 00:00:00

TOKYO, June 30 (AFP): Leaders from the Group of Eight (G8) industrial powers will agree to establish a task force at their summit next month to tackle the world food crisis, a report said today.The group will aim to address...

Anwar demands govt guarantee his safety

2008-07-01 00:00:00

KUALA LUMPUR, Jun 30 (AFP): Opposition leader Anwar Ibrahim, who took refuge at the Turkish embassy amid threats and sodomy accusations, said Monday he will not leave until the Malaysian government guarantees his safety."I need categorical assurance on my safety....

Denmark to provide $ 100m for water supply project in city

2008-07-01 00:00:00

Denmark will provide US $ 100 million for a new 3-year project taken to ensure improved water supply in this densely-populated Dhaka city, reports UNB.An agreement to this effect was signed between the governments of Bangladesh and Denmark in the...

Pakistan on alert after Taliban warning

Farhan Bokhari in Islamabad | 2008-07-01 00:00:00

and Jon Boone in KabulFT Syndication ServicePakistan stepped up security around airports, government buildings and diplomatic missions last Sunday after Islamic militants warned of reprisals for a military campaign by up to 20,000 troops targeting Taliban strongholds around Peshawar, the...

Watson ton drives easy Australia win

2008-07-01 00:00:00

Shane Watson made his first ODI century and Ricky Ponting bounced back to form as Australia completed yet another one-sided victory over West Indies to take an unbeatable 3-0 lead in the five-match series, reports Cricinfo.Chasing 224 on a decent...

Asians especially vulnerable to food shortages and high prices

Stephen Kaufman from Washington | 2008-07-01 00:00:00

WITH more than 60 per cent of the world's undernourished people living in the Asia-Pacific region, the soaring cost of food is pushing many back into poverty as they try to cope with the increased challenge of putting food on...

ICB Islamic Bank vows to rebuild confidence of customers

FE Report | 2008-07-01 00:00:00

The immediate task of the new management of ICB Islamic Bank is to rebuild the confidence of the public particularly the bank's dedicated customers while at the same time to bring in new businesses. The bank is committed to make...

corporatewatch

2008-07-01 00:00:00

Stock trading remains closed todayThe trading of DSEand CSE remains closed today (Tuesday) due to the bank closing day.Fareast Islami Life recommends 40pc stock dividendThe board of directors of Fareast Islami Life Insurance Company Limited has recommended a stock dividend...

Narail book semis berth beating Rangamati

2008-07-01 00:00:00

Narail DSA thrashed Rangamati DSA by 24-13 goals in the opening match of the EXIM Bank 19th National Women's Handball Competition at the Mirpur Shaheed Suhrawardi Indoor Stadium in the city Monday, reports UNB.Narail DSA, which led the first half...

Jayasuriya special takes SL to 332

2008-07-01 00:00:00

As birthday bashes go, this one was pretty special, with Sanath Jayasuriya bludgeoning Bangladesh into near-submission as Sri Lanka took a giant stride towards the Asia Cup final, reports Cricinfo.Some of the Bangladesh players were still in diapers when Jayasuriya...

Iskander, Minu's wives get ad-interim bails in graft cases

2008-07-01 00:00:00

The High Court (HC) Monday granted ad-interim anticipatory bails to Kaniz Fatema, wife of former Prime Minister Khaleda Zia's brother Shamim Iskander and Rajshahi City Mayor Mizanur Rahman Minu's wife Salma Rahman in separate graft cases, reports UNB.A division bench,...

Iran to ready thousands of graves for enemy soldiers

2008-07-01 00:00:00

TEHRAN, Jun 30 (AFP): Iran is to dig 320,000 graves in border districts to allow for the burial of enemy soldiers in the event of any attack on its territory, a top commander said Sunday."In implementation of the Geneva Conventions......

Kenya needs $1.1b to address food crisis

2008-07-01 00:00:00

NAIROBI, June 30 (AFP): Kenya needs 72 billion shillings (1.1 billion dollars or 708 million euros) in emergency funding to counter a food crisis that has helped drive inflation to over 30 per cent, an official said yesterday."We urgently need...

Tariff rates revised as BTTB starts journey under new name today

2008-07-01 00:00:00

Bangladesh Telephone and Telegraph Board (BTTB) starts its journey as a public company titled 'Bangladesh Telecommunications Company Limited' (BTCL) from today (Tuesday) to provide better services to the customers, reports UNB.All the 1,170 officials and 12,636 employees will be absorbed...

Uttor Kotgaon Torun Sangha beat Progoti Sangha

2008-07-01 00:00:00

Uttor Kotgaon Torun Sangha beat Progoti Sangha by a solitary goal in the Munshiganj Under-16 Football League at the Munshiganj Stadium Monday, reports UNB.Earlier, on the opening day of the league Sunday, Nabanabin Club played to a goalless draw with...

Public-private initiative needed for success in population control: CA

2008-07-01 00:00:00

Chief Adviser (CA) Fakhruddin Ahmed Monday called upon both the public and the private sectors to implement target-oriented programmes for achieving further success in population control in a coordinated manner, reports BSS.Steps should be taken to increase involvement of NGOs,...

Helicopter collision kills 7 in Arizona

2008-07-01 00:00:00

LOS ANGELES, Jun 30 (AFP): At least seven people were killed and three critically injured Sunday when two medical helicopters collided in Flagstaff, Arizona, a Federal Aviation Administration spokesman said.The mid-air collision occurred near a hospital in the city and...

Tk 1.0b DANIDA project for poverty alleviation

2008-07-01 00:00:00

BARISAL, June 30 (UNB): Work on a Tk 1.0 billion project for poverty alleviation has begun in six districts of Barisal division.The project titled 'Regional Fishing and Livestock Development: Barisal Component' funded by Danish International Development Agency (DANIDA) will be...

Fuel oil prices hiked

M Azizur Rahman | 2008-07-01 00:00:00

The government raised Monday prices of petroleum products by 33.84 per cent to 50 per cent with effect from Tuesday to offset the impact of overheated international oil market on the domestic economy.Diesel and kerosene will now be sold at...