KATHMANDU, June 21 (PTI): In a new twist to the ongoing power struggle in Nepal, Prime Minister G.P. Koirala Saturday said he will step down as soon as a new President is elected, a day after the Maoists quit his...
Anna Fifield in Seoul | 2008-06-23 00:00:00
Reviving South Korea's economy was Lee Myung-bak's number one priority when he became president in February.But surging oil prices, spiralling inflation, sagging export demand and anaemic foreign investment have coincided with anti-government demonstrations and a series of strikes to create...
Bangladesh Association of Banks (BAB) would urge the government to provide tax rebates to the banking companies, including reduction of corporate income tax from 45 per cent to 40 per cent, reports UNB.They would raise the issue as well as...
Reaffirming the caretaker government's (CG's) target to hold general election in December, Chief Adviser (CA) Fakhruddin Ahmed Sunday said his government is working to hold the election without influence of money, muscle and misuse of authority, reports UNB.The head of...
Power rate increase to | 2008-06-23 00:00:00
prop up power stocksBEIJING, June 22: The unexpected "sudden assault" of power rate increase and restriction of power coal prices will be a good news for power block stocks but a bad news for coal block shares, analysts hold. Power...
LONDON, June 22 (AFP): Oil prices raced to all-time highs of almost 140 dollars a barrel this week despite Saudi plans to increase output.A weak US currency pushed up demand for crude and metals as they became cheaper for foreign...
Shamsul Huq Zahid | 2008-06-23 00:00:00
There has been a sort of euphoria among the official circle about Boro rice production this year. But that seems to be fading fast as the rice prices have gone back to their previous highs within a month from the...
FE Report | 2008-06-23 00:00:00
Stock prices and turnover in Dhaka Stock Exchange (DSE) continued to dip Sunday as both institutions and retail investors opted for an exit.A group of aggrieved investors numbering 20-30 gathered in front of DSE building on the day at around...
Bangladesh national cricket team, now in Lahore to play the Asia Cup, had gym session Sunday morning under the supervision of strength and conditioning coach Grant Trafford Luden at the Pearl Continental Hotel, reports UNB.Earlier Saturday, the 15-member national team...
TOKYO, June 22 (AFP): The majority of Japan's top executives have said an expanding phase of the nation's economy has already been over, a poll showed today.The Asahi Shimbun daily carried out its latest biannual survey between May 29 and...
ISLAMABAD, June 22 (PTI); Amidst renewed global concern over the nuclear proliferation ring operated by disgraced Pakistani scientist A.Q. Khan, President Pervez Musharraf Saturday said there would be no compromise on the country's nuclear and missile programmes.During a meeting with...
BEIJING, June 22 (Xinhua): The long-debated finished oil and power prices adjustment plan finally comes out in the evening of June 19, just after the sharp fall in month-on-month growth in the consumer price index (CPI).Experts hold that the price...
Finance Adviser Dr Mirza Azizul Islam Sunday made it clear that the teachers and employees of MPO enlisted non-government schools and colleges will get the 20 per cent dearness allowance as proposed in the budget for 2008-09, reports UNB."It has...
The internationally renowned UK-based Wilton Park Conference Centre in southern England will host a two-day British-sponsored moot on democracy in Bangladesh this week, reports BSS.The conference, titled 'Bangladesh: the Prospects and Means for Strengthening Democracy' is expected to bring together...
FE Report | 2008-06-23 00:00:00
Dr. Md Zillur Rahman has recently been promoted to the post of deputy managing director (DMD) of Rupali Bank Limited.Prior to his new position, he was general manager (GM) of the bank and GM (current charge) of Bangladesh Krishi Bank...
M Azizur Rahman | 2008-06-23 00:00:00
The government is set to follow the country's existing land acquisition act to acquire required land and pay compensation money to the people displaced from the mining sites to ensure smooth development of coalmines and its subsequent utilisation, officials said."The...
David Hale | 2008-06-23 00:00:00
BEN Bernanke, Federal Reserve chairman, produced a brief dollar rally by expressing concern that a falling exchange rate could bolster inflation. Mr Bernanke is correct to be concerned about a weak dollar because it is part of a larger pattern...
Speakers at a discussion in the city Sunday called for formation of a policy with concerted initiatives of the government and the private entrepreneurs to bring back confidence in the housing sector, reports BSS.The major problem in housing industry is...
FE Report | 2008-06-23 00:00:00
EXIM Bank Limited organised a foundation course on banking for the newly recruited management trainee officers of the bank at its training institute in the city recently.Managing Director of the bank Kazi Masihur Rahman inaugurated the course as the chief...
Tiger is my idol, says: NadalLONDON, Jun 22 : Rafael Nadal maybe the world number two and a keen football fan but it's golfing superstar Tiger Woods he really admires. "Tiger is probably my idol," said Nadal who watched the...
HONG KONG, June 22 (AFP): Major Asian currencies ended the week mainly up against the US dollar as a US interest rate hike was seen as less likely, and ahead of a Federal Reserve meeting.Japanese Yen: The yen rebounded from...
Bangladesh champions Abahani Limited made a frustrating start in the AFC President's Cup football tourney as they lost to Nepal Police Club 4-0 in the inaugural match at the MPPJ Stadium in Kuala Lumpur Sunday, reports UNB.The B League (professional...
Boston, June 22 (AP): Scores of food services workers marched in front of Boston's two main convention centers yesterday, launching a three-day strike to protest what they consider unfair labor practices.The strike, which began yesterday and will continue through tomorrow,...
Shakhawat Hossain | 2008-06-23 00:00:00
An amendment to the Securities and Exchange Ordinance, 1969 has paved the way for compensating the aggrieved investors with the penalty money realised from the errant listed companies or brokerage houses.Stock exchanges or the Securities and Exchange Commission (SEC) usually...
Awami League (AL) president Sheikh Hasina now in Washington plans to go to Orlando, Florida Wednesday for treatment of her damaged ears, reports UNB.Washington AL sources told the news agency that although Hasina was recovering from high fever, she developed...
COX'S BAZAR, June 22 (UNB): A Dhaka-bound passenger bus collided head on with a micro-bus in the district's Chokoria Upazila, leaving at least nine people dead and 20 others injured Sunday, police said.The accident occurred at 12:30 pm on the...
Consumers in Bangladesh have been wailing for price normalisation and stabilisation and umpteenth times they were told that help for them would be on the way. But every time their expectations were given a boost to be only cruelly shattered...
Kayes M Sohel | 2008-06-23 00:00:00
Share trading of the ICB Islami Bank Limited, formerly known as Oriental Bank, will resume tomorrow (Tuesday) after a gap of 24 months and three days as the securities regulator lifted the trade suspension order Sunday.On the other hand, share...
NEW YORK, Jun 22 (AP): America's banks and brokerages are scrambling to raise badly needed cash, but it may be at the expense of shareholders.Since the subprime mortgage market imploded, financial companies caught in the fallout have been raising capital...
A US company, 'New Skies' has offered Bangladesh to carry out all of its work to launch its own IT and broadcasting satellite at a cost of 100 million dollars, highly placed sources said, reports BSS.A senior consultant of the...
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