SYDNEY, June 24 (AFP): Britain's BG Group launched a hostile 13.8-billion-dollar (13.1-billion-US) bid today for Origin Energy, which if successful would be one of the biggest foreign takeovers of an Australian firm.BG said it would go direct to Origin's shareholders...
Detained BNP Chairperson and former Prime Minister Khaleda Zia on Tuesday called for holding parliamentary elections first, saying that the caretaker government (CG) has no mandate to hold local government polls, reports UNB."Why the caretaker government is bent on holding...
Germany to send 1,000 moretroops to AfghanistanBERLIN, June 24: Germany plans to increase its military contingent in Afghanistan by up to 1,000 soldiers, Defence Minister Franz Josef Jung said on Tuesday. The announcement follows months of pressure from Germany's NATO...
A special court once again deferred Tuesday the arraignment hearing in the GATCO scam case against detained former Prime Minister Khaleda Zia to June 30, reports UNB.The number of other accused in the case is 23, including Khaleda Zia's younger...
KHULNA, June 24 (UNB): Over 38,000 people in the country were affected with arsenic-related diseases while water of 30 per cent tubewells contaminated with arsenic till 2006, according to a government survey.The number of patients may rise if the latest...
THE Financial Express (FE) on June 16 reported quoting a senior official that receipts from overseas remittance was expected to reach US$10 billion in the next financial year following a robust growth in manpower export in the outgoing fiscal. Different...
BANGKOK, June 24 (AFP): Thai Prime Minister Samak Sundaravej returned Tuesday to his office for the first time since thousands of protesters surrounded the compound four days ago to demand his resignation.The protesters from the so-called People's Alliance for Democracy...
Robert Pozen | 2008-06-25 00:00:00
It is almost exactly a year since the Committee to Improve Financial Reporting was launched by the US Securities and Exchange Commission (SEC) and soon we will report back with our recommendations.Our mandate was to develop proposals to reduce complexity...
TEHRAN, June 24 (AFP): Iran Tuesday condemned the European Union's adoption of new sanctions over its controversial nuclear drive, warning that the measures could damage fresh diplomatic efforts to solve the crisis.The foreign ministry accused the bloc of "double standards"...
Amirul Islam writes | 2008-06-25 00:00:00
TRADITIONAL agriculture, centring mainly on the production of food grains, has served a purpose, no doubt, in feeding the growing population of Bangladesh. But this singular emphasis on food grain production is also costing the country dear in different ways....
FE Report | 2008-06-25 00:00:00
Primary Dealers' Association of Bangladesh (PDAB) has been formed aiming to bring dynamism in the country's secondary bond market.In a meeting Tuesday, the primary dealers (PD) approved the constitution of the PDAB and its memorandum of articles.A 9-member executive committee,...
FE Report | 2008-06-25 00:00:00
Normal traffic movement over the Meghna-Gumti bridge started Tuesday afternoon after nearly 40 days of repair works easing transportation of passengers and cargoes on the Dhaka- Chittagong highway.Sanaul Hoque, executive engineer of Roads and Highway department said the bridge has...
GENEVA, June 24 (Xinhua): Cape Verde will formally join the World Trade Organisation (WTO) on July 23, bringing the total number of WTO members to 153, the Geneva-based body said yesterday.The western African island country submitted to the WTO its...
FE Report | 2008-06-25 00:00:00
Highspeed Shipbuilding and Engineering Co Ltd, a leading shipbuilder of the country, will build ships for Japanese company Tokyo Freighting.An MOA has been signed in this connection recently.According to the deal, Highspeed Shipyard will be expanded as per requirement of...
Ahmed Showkat Masud | 2008-06-25 00:00:00
THE country's readymade garments (RMG) exporters receive export letters of credits (L/Cs) or sales contracts mainly from the USA and the European Union (EU). In some cases, it has been observed that the beneficiaries are of Hong Kong, South Korea...
Shakhawat Hossain | 2008-06-25 00:00:00
The finance ministry has turned down a central bank proposal on rise of paid-up capital of the commercial banks saying implementation of such measure may create problem in the banking sector, said a senior ministry official.The proposal on doubling the...
MTI Consulting's Global CEO Hilmy Cader arrives in the city on a one-day visit to meet with government bodies, its existing corporate clientele and business leaders in Bangladesh, said a press release.MTI Consulting is a fast growing international consulting outfit....
Petrobangla is now set to submit its evaluation report on the 3rd round international bidding for hydrocarbon exploration in the country's maritime territory to Energy Ministry on Thursday, reports UNB.After having received advice from eminent lawyer Dr Kamal Hossain, the...
PARIS, June 24 (AFP): Transatlantic financial market operator NYSE Euronext said today that it had agreed to buy 25 per cent of the Doha stock exchange for 250 million dollars (161 million euros).A statement said the deal would "transform the...
SAN FRANCISCO, June 24 (Agencies): More than 840 wildfires sparked by an "unprecedented" lightning storm are burning a swath of Northern California, alarming the governor and requiring the help of firefighters from Nevada and Oregon. Gov. Arnold Schwarzenegger said he...
Mohammad Ashraful replaced his usually aggressive approach with a more conservative one on his way to the second century of his career, and in combination with Raqibul Hassan, who made his second-successive 80-plus score, took Bangladesh to a formidable 300...
Michael Bleby | 2008-06-25 00:00:00
SOUTH Africa's central bank has raised its benchmark interest rate by 50 basis points to a five-year high of 12 per cent, in an attempt to prevent rising food and oil prices spilling into wage increases and other areas of...
FE Report | 2008-06-25 00:00:00
The inter-bank call money rate was steady Tuesday despite withdrawal of cash from the market through bonds. The US dollar repeated its stable note against Bangladesh taka (BDT) in the inter-bank foreign exchange market with steady demand for the greenback,...
FE Report | 2008-06-25 00:00:00
Bangladesh Engineering Industry Owners Association (BEIOA) has urged the government to withdraw value added tax (VAT) proposed on the machinery repair services.Local engineers manufacture light equipment for almost all types of industries and agricultural sectors and they also repair machines...
NEW YORK, Jun 24 (BSS): The government is trying to expand Bangladesh's shrimp market in the US, addressing some existing controversies.A three-member delegation led by Fisheries and Livestock Ministry secretary Syed Ataur Rahman recently visited the US seeking to retain...
The flash floods in the char-lands and low-lying areas of Teesta in Nilphamari district on the wane since Monday would improve further from today (Wednesday) with the river falling further, Flood Forecasting and Warning Centre (FFWC) sources said, reports BSS.Though...
TONATICO, Mexico, (Reuters): The mountain of cash sent home by Mexicans in the United States is shrinking for the first time in over a decade, putting the dampers on Mexico's economy as a US slowdown takes work away from immigrants.In...
BORISHAL, Jun 23 (UNB): Borishal Nagorik Porishod, a citizen forum, formally announced Monday its mayor candidate for Borishal City Corporation (BCC) election though the major political parties are yet to decide whether to participate in the polls.The citizen forum officially...
Nadeem Ahmed, the left-arm spinner, sliced through the Pakistan middle-order as what was expected to be a straightforward opening encounter for the hosts threatened to become a tricky one. However, an Asia Cup-record 100-run eighth-wicket stand between Sohail Tanvir and...
FE Report | 2008-06-25 00:00:00
Almost half of the total number of employees of Grameenphone Ltd participated in the company's biggest customer care programme Tuesday."This customer service campaign follows up on the 'Stay Close' promise from Grameenphone. As a caring company, Grameenphone values its subscribers,...
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