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FBCCI signs mutual cooperation deal with Turkish chamber

FE Report | 2008-06-24 00:00:00

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has signed an agreement of mutual cooperation with Confederation of Businessmen and Industrialists of Turkey (TUSKON) for the promotion of trade and business between Bangladesh and Turkey.FBCCI President Annisul Huq and...

US-led forces kill 55 in Afghanistan

2008-06-24 00:00:00

KABUL, June 23 (AFP): US-led coalition forces killed 55 militants including three "extremist leaders" in fighting near the insurgency-hit Afghan-Pakistani border, the coalition said in a statement on Monday.The fighting erupted in the eastern province of Paktika after rebels attacked...

Export, import thru Benapole come to halt for a while

2008-06-24 00:00:00

Export and import activities through the Benapole land-port came to a halt for nearly one and half hours Sunday over the return of eight Indian trucks seized about five years ago, reports UNB from Benapole.However, the standoff over the issue...

Measures taken to bail out three jute concerns

FE Report | 2008-06-24 00:00:00

The Ministry of Jute and Textile, BJMC and Agrani Bank Limited signed a tripartite agreement to share the lease money of three jute concerns in order to make them operative and liquidate the liabilities of Agrani Bank.The companies are- RR...

Chevron to conduct addl seismic survey in gas block-7

2008-06-24 00:00:00

United States-based international oil company Chevron will conduct an additional two-dimensional (2D) seismic survey and drilling an exploration well in the hydrocarbon block-7 located in Bangladesh's south-western part, reports UNB.To this effect, Chevron Bangladesh Block Seven Ltd and its partner...

World Cup worries for goal-shy Japan

2008-06-24 00:00:00

TOKYO, June 23 (AFP): Japanese media fretted over the national team's lack of firepower Monday after a scrappy 1-0 win over Bahrain as the final stage of World Cup qualifying looms."The reality is that Japan are not in Asia's top...

Process for Khaleda's release in progress, says Zillur

2008-06-24 00:00:00

Legal steps regarding release of detained former Prime Minister Khaleda Zia are in progress, Commerce Adviser Dr Hossain Zillur Rahman said, reports UNB."Her (Khaleda) release is a legal matter. All the processes to free the former premier are progressing," Dr...

Apache says full gas production in Australia may take six months

2008-06-24 00:00:00

SYDNEY, June 23 (AFP): Energy company Apache said today it expected Western Australian gas production to be partly restored by mid- August, but that it could take six months for full production to resume after a blast at its Varanus...

Japanese business sentiment hits four-year low

2008-06-24 00:00:00

TOKYO, June 23 (AFP): Sentiment among top Japanese executives has slumped to the worst level in at least four years, a government survey showed today, adding to concerns about the outlook for Asia's largest economy.The souring sentiment comes as firms...

Setting up of rice mills in Myanmar under scrutiny

Shakhawat Hossain | 2008-06-24 00:00:00

The caretaker government has started a feasibility study on setting up rice mills in Myanmar with a view to finding an alternative source for importing boiled rice, said a senior commerce ministry official Monday.The agricultural ministry was assigned to work...

ICDs directed to remove faults to ensure proper services

Our Correspondent | 2008-06-24 00:00:00

CHITTAGONG, June 23: Chittagong Customs House (CCH) authority has directed the owners of the inland container depots (ICDs) to remove different faults and resolve the problems of the depots within a month and thus ensure proper services to concerned businessmen.According...

Dialogue with Kollyan Party rescheduled for tomorrow

2008-06-24 00:00:00

The caretaker government's dialogue with Bangladesh Kollayan Party, scheduled for Monday, was deferred to June 25, reports UNB.Kollyan Party Chairman Syed Mohammad Ibrahim told the news agency that the dialogue was deferred as Law Adviser Hasan Ariff and Foreign Adviser...

High gas prices turn oil traders into bad guys

2008-06-23 00:00:00

WASHINGTON , June 22 (AP): As gas prices soar past $4 a gallon, speculators who buy and sell futures contracts in the oil market have emerged as the latest villains behind rising energy costs."There is clearly a supply and demand...

There is a better way to prevent bank failures

John Kay | 2008-06-23 00:00:00

Stuff happens. People make mistakes, parts go wrong, unexpected things crop up. When disaster ensues, politicians, journalists and savants blame the blunderers, the component manufacturers and the perversity of fate. But good systems, whether in engineering, in management or in...

Free trade arrangement (FTA) with India

2008-06-23 00:00:00

BANGLADESH may look forward to having a bilateral free trade accord (FTA) with India similar to that between New Delhi and Colombo. This is likely to help promote its best economic interests. It can carefully study the India-Sri Lanka FTA...

news digest

2008-06-23 00:00:00

Eight gold-miners killed and burnt at remote camp in GuyanaGEORGETOWN, June 22(AFP): A mining camp owner said Saturday he found the bodies of at least eight gold miners killed at a mining camp in Guyana's remote southeast, the mining company...

JP to take part in local body polls, resist opponents: Ershad

2008-06-23 00:00:00

RANGPUR, June 22 (UNB): Jatiya Party (JP) Chairman HM Ershad today said his party would contest the local body elections and warned that anyone trying to oppose the polls would be resisted by the people.Addressing the Rajshahi divisional conference of...

Ministerial meeting to be held in New Delhi

2008-06-23 00:00:00

A ministerial meeting followed by a Ministerial Retreat of Rural Develop-ment Ministers of 14 countries of the Asia Pacific region will be held on June 24-26 in New Delhi, reports UNB.The government of India and Centre on Integrated Rural Development...

Kay & Que approves 10pc stock dividend

FE Report | 2008-06-23 00:00:00

Kay & Que (Bangladesh) Limited approved 10 per cent stock dividend for its shareholders for the year 2007.The approval came at the 24th annual general meeting (AGM) of the company at the Bashundhara City seminar hall in the city.Chaired by...

No major anti-graft drive ahead of polls: Matin

2008-06-23 00:00:00

Home Affairs Adviser Maj Gen (retd) MA Matin Sunday said there would be no major anti-corruption drives before general elections slated for December, Reports UNB"We have no plan now for big anti-corruption drives," he told reporters when asked whether the...

Rockets from Pakistan kill 4 Afghan civilians

2008-06-23 00:00:00

KHOST, (Afghanistan), June 22 (Reuters): Rockets fired from Pakistan hit a residential area in eastern Afghanistan killing four civilians, Afghan officials said Sunday, one of three cross-border attacks around the same time overnight.Tension has mounted between the neighbors with Pakistan...

Russia reach semis

2008-06-23 00:00:00

BASEL, Jun 22 (AFP): Russia beat 1988 champions Holland 3-1 after extra-time in their Euro 2008 quarter-final here Saturday.Two goals in extra-time - from Dmitri Torbinsky and Andrei Arshavin - sealed a deserved victory for the Russians, whose coach Guus...

Kiwis level series

2008-06-23 00:00:00

Tim Southee and Kyle Mills were the New Zealand heroes as they won a tense, low-scoring one-day international in Bristol to level the series 1-1, reports BBC.Southee took 4-38 and Mills won the man of the match award after hitting...

Heavy clashes between rival clans in northern Lebanon

2008-06-23 00:00:00

TRIPOLI, (Lebanon), June 22 (AFP): Heavy clashes erupted Sunday between rival factions in the northern city of Tripoli forcing the withdrawal of the Lebanese army from the area, an army official told AFP.The clashes in the Bab al-Tebbaneh and Jabal...

McGrath wife loses cancer battle

2008-06-23 00:00:00

Jane McGrath, wife of former Australian fast bowler Glenn McGrath, has died after a long battle with breast cancer, BBC reports.England-born Jane (42) died peacefully at her Sydney home with her husband and two children, James and Holly, by her...

Council of advisers discusses Ombudsman (Amend) Ordn

2008-06-23 00:00:00

The Council of Advisers of the caretaker government Sunday discussed the Ombudsman (Amendment) Ordinance 2008 and sent it back for further examination pending approval, reports UNB.A meeting of the council of advisers with Chief Adviser Dr Fakhruddin Ahmed in the...

20,000 visitors visit '9th Textech International Expo' 2008

Mehdi Musharraf Bhuiyan | 2008-06-23 00:00:00

The '9th Textech International Expo' 2008, ended Sunday in the city with around 20000 visitors were estimated to have strolled the largest expo for textile and garments machinery in Bangladesh."Approximately, on an average 5000 visitors have visited the 4-day expo...

Bank guarantee on plastic raw material import to check market distortion

FE Report | 2008-06-23 00:00:00

The National Board of Revenue (NBR) Sunday said it has imposed the condition of providing 100 per cent bank guarantee on import of plastic raw materials under the bond facility to thwart market distortion and revenue leakage.It has blamed a...

BTRC not aware of TMI-DCM deal

FE Report | 2008-06-23 00:00:00

The country's telecom regulatory body said it is not aware of a partnership deal signed between Malaysian TM International, 70 per cent stakeholder in Bangladesh's third-biggest wireless carrier AKTel, and Japanese NTT DoCoMo, said a senior official Saturday."TM International Bhd...

New code of conduct needed for public servants

Dr. Mohammed Hossain | 2008-06-23 00:00:00

THE public servants, employees of the Republic, whether employed on a permanent, temporary or contract basis, are expected to implement the policies and decisions of the government of the day in an impartial manner. Since independence in 1971, it has...