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Australian economy grows strongly in Q1

2007-06-07 00:00:00

SYDNEY, June 6 (AFP): Australia's economy expanded 1.6 per cent in the March quarter, posting its strongest growth in three years and sending the Australian dollar to a 17-year high, official data released today showed. The Australian Bureau of Statistics...

Chinese co helps Kuwait to build Boubyan Island into new city

2007-06-07 00:00:00

KUWAIT CITY, June 6 (CEIS): A Chinese national company signed here yesterday a deal with Kuwait to help building the kingdom's Boubyan Island into a new city. The deal for Boubyan port project was signed between the Kuwaiti ministry of...

Oil prices firmer ahead of US stockpiles report

2007-06-07 00:00:00

SINGAPORE, June 6 (AFP): Oil prices were firmer in Asian trade today ahead of the release of US stockpile figures, dealers said. New York's main contract, light sweet crude for July delivery, was 25 cents higher at 65.86 US dollars...

Euro inches up with all eyes on ECB

2007-06-07 00:00:00

TOKYO, June 6 (AFP): The euro inched up in Asian trade today as the market waited to see how high the European Central Bank might raise interest rates in the coming months to curb inflation, dealers said. The euro firmed...

Mining industry in Indonesia burdened by overlapping claims

2007-06-07 00:00:00

MANILA, June 6 (AFP): Indonesia's mining sector offers huge potential for growth but must first overcome challenges such as overlapping claims and uncertainty over a pending industry bill, a miners conference heard today. The conference was told that no new...

Airline sector pledges big emissions cuts

2007-06-07 00:00:00

VANCOUVER, June 6 (AFP): Leaders of the world's airline industry said at their annual meeting that airlines will strive to be more "green" and aim for zero carbon-dioxide emissions by 2050, but skeptics question whether the goal is realistic. "I...

Myanmar cooperates with Asian hydropower dev

2007-06-07 00:00:00

YANGON, June 6 (Xinhua): Myanmar is cooperating with four Asian neighboring countries of Thailand, China, South Korea and Bangladesh in hydropower development, initiating major hydropower projects in recent years. A giant Myanmar-Thai joint venture hydropower project, which is the 7,110-...

Foreign banks eye Pakistan market

2007-06-07 00:00:00

ISLAMABAD, June 6 (APP): The recent announcement from Pakistan's NIB Bank of its plans to acquire 70 per cent of Pakistan's PICIC bank in a $378 million deal is yet another event which will be well received in the markets,...

India's Tata Steel eyes acquisitions in SE Asia

2007-06-07 00:00:00

NEW DELHI, June 6 (AFP): Tata Steel, India's largest steelmaker, may expand by buying firms in Southeast Asia after two major deals already this year including a takeover of Anglo- Dutch firm Corus, a report said today. Managing Director B....

Austrian firms eye biodiesel businesses in Indonesia

2007-06-07 00:00:00

JAKARTA, June 6 (Xinhua): At least three Austrian companies are studying the possibility of becoming involved in the "green energy" business in Indonesia to help boost the development of biodiesel. "Energea, BioDiesel International and the Christof Group are discussing the...

Dubai Mercantile Exchange to launch more futures contracts

2007-06-07 00:00:00

ABU DHABI, June 6 (Xinhua): Dubai Mercantile Exchange (DME), the first energy futures and commodities exchange in the Middle East, plans to launch more futures contracts in association with the New York Mercantile Exchange, local newspaper Gulf News reported yesterday....

Foreign banks eye Pakistan market

2007-06-07 00:00:00

ISLAMABAD, June 6 (APP): The recent announcement from Pakistan's NIB Bank of its plans to acquire 70 per cent of Pakistan's PICIC bank in a $378 million deal is yet another event which will be well received in the markets,...

EU supports govt's efforts to make ACC truly independent

2007-06-07 00:00:00

The European Union (EU) supports the caretaker government's efforts to make the Anti-Corruption Commission (ACC) a truly independent body as it believes people's rights are meaningful as long as they are not undermined by corruption.".....it's very important part when it...

Charge hearing deferred

2007-06-07 00:00:00

The charge hearing of a graft case against former telecommunication minister Mohammad Nasim could not be held Wednesday as the defence counsel sought time to start the hearing, reports UNB.Seeking two weeks' time, Anisul Huq, the defence counsel for Nasim,...

Mamoon, Lobi, Obaidul taken on fresh remand

2007-06-07 00:00:00

Former BNP lawmaker Ali Asghar Lobi, Obaidul Qader of the Awami League and Tarique's business partner Giasuddin Al Mamoon were given to police remand when they were produced before the Chief Metropolitan Magistrate (CMM) Court from the Central Jail in...

Two former BNP lawmakers sued in two dists

2007-06-07 00:00:00

Two former BNP lawmakers were sued in Comilla and Bagerhat Tuesday, reports UNB. In Comilla, a case was filed against five people, including former BNP lawmaker Monirul Haque Chowdhury, with a court Tuesday.Abul Khair of Barahipur village of Sadar South...

SC upholds HC order, rejects govt petition

2007-06-07 00:00:00

Upholding the High Court (HC) order staying for three months the proceedings of an arms case filed against former communications minister Nazmul Huda, the Supreme Court (SC) rejected Wednesday the government petition seeking leave-to-appeal against the stay order, reports UNB.Upon...

Dhamrai Municipality chairman arrested

2007-06-07 00:00:00

SAVAR, June 6 (UNB): Joint forces arrested Dhamrai Municipality chairman from his residence in the municipality area Tuesday midnight.Sources said the joint forces raided the residence of Chairman Dewan Nazim Uddin Manju, also a BNP leader, and arrested him on...

Extortion case filed against Rahmat Ali, five associates

2007-06-07 00:00:00

GAZIPUR, June 6 (UNB): An extortion case was filed against former deputy minister and Awami League lawmaker Rahmat Ali and his five associates with a magistrate court here Wednesday. Lance Corporal (retd) of Army Ziarat Hossain filed the case against...

Historic 7th June today

2007-06-07 00:00:00

Awami League (AL) will observe the historic 7th June today (Thursday) commemorating the announcement of the Six-Point Demand Day, reports BSS.On this day in 1966, the AL announced the Six-Point demand that led to the independence struggle culminating in the...

HC grants bail to Shah Zafar

2007-06-07 00:00:00

Overruling a lower court order, the High Court (HC) granted Wednesday bail to former BNP lawmaker Shah Mohammad Abu Zafar in a case of embezzlement of relief corrugated iron (CI) sheets, reports UNB. After hearing both sides, a Division Bench,...

President for including topic of adulteration in school textbooks

2007-06-07 00:00:00

President Iajuddin Ahmed Wednesday stressed the need for including 'adulteration' as a topic in school curricula as an initiative to build up a social movement against the vice, reports UNB."We'll have to wage a social movement against adulteration to protect...

Work on bridge over Halda moving at snails pace

2007-06-07 00:00:00

Our CorrespondentCHITTAGONG, June 06: The construction work of new Madunaghat Bridge over the river Halda involving around Tk. 140 million is proceeding at a snail's pace.Construction work of two-third portion of the bridge is complete. But possibility of completing the...

Govt cancels licences of 10 hajj agencies for irregularities

2007-06-07 00:00:00

The government has so far cancelled the licenses of 10 hajj agencies and suspended that of 15 others for one to two years on charges of mismanagement and irregularities in the last year's hajj, reports UNB. The government has also...

Police asked to arrest fake admission seekers

2007-06-07 00:00:00

DU CorrespondentThe Dhaka University authorities asked the law enforcing agencies working on the campus to arrest the fake students whose admission were nullified at the Tuesday's syndicate meeting.The university syndicate declared the admission documents of some 77 students forged and...

Tajikistan for Bangladesh investment under jt venture

2007-06-07 00:00:00

Tajikistan has invited Bangladeshi entrepreneurs to invest under joint venture in agriculture and light industrial sectors for mutual benefit of the two countries, reports UNB.President of Tajikistan Rahmon extended the invitation while accepting the credentials from Bangladesh Ambassador M Shameem...

Snatcher lynched at JU

2007-06-07 00:00:00

SAVAR, June 6 (UNB): An alleged snatcher, who was seriously injured in mob beating at Jahangirnagar University (JU), succumbed to his injuries at Dhaka Medical College Hospital (DMCH) Monday midnight.The dead was identified as Abul Kashem (22), son of Kabir...

Mother kills her baby girl

2007-06-07 00:00:00

BAGERHAT, June 6 (UNB): A young mother allegedly killed her newborn baby girl at Muniganj in the town early today (Wednesday).The police and local people said Lippy (22), wife of Arif Talukder, took her 19-day-old daughter, Synthia, to Chanmari Bridge...

Eight deer sent to Khulna breeding centre

2007-06-07 00:00:00

PIROJPUR, June 6 (UNB): Eight deer, seized by joint forces from the house of a government official, were sent to Khulna Wild Animal Management Department following a court order.The deer will be released at Karamjal Wild Animal Breeding Centre in...

Man dies of heatstroke

2007-06-07 00:00:00

COX'S BAZAR, June 6 (UNB): A man died of heatstroke during the marriage ceremony of his daughter in Moheshkhali Upazila here Monday.Zakir Hossain (42), resident of Putibila in the upazila, died while his daughter's marriage ceremony was on at the...