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Four city corporations, nine municipalities go to polls Aug 4

2008-06-21 00:00:00

Elections to four city corporations and nine municipalities will be held on August 4, said the Election Commission (EC) announcing the election schedule Friday, reports UNB.Chief Election Commissioner (CEC) ATM Shamsul Huda announced the election schedule amid protests by major...

Suicide attack on US convoy in Afghanistan kills 12

2008-06-21 00:00:00

KANDAHAR, (Afghanistan), June 20 (AFP); A suicide attack on a military convoy killed a US-led soldier and 11 Afghans in southern Afghanistan Friday, a day after a huge operation to drive Taliban rebels from a key stronghold.The convoy was driving...

Good days ahead for local footwear exporters

Jasim Uddin Haroon | 2008-06-21 00:00:00

Bangladeshi footwear exporters see a prospect in their business boom as the European Union (EU) plans to end the generalised system of preferences (GSP) to Vietnam footwear makers.The EU footwear buyers are now shifting to Bangladesh market as the EU...

Elusive unified theory of everything

Syed Fattahul Alim | 2008-06-21 00:00:00

The mystery of creation has mystified man ever since he started to question the universe's origin and his coming into being. But the answers to his queries have like himself undergone transformations over time. First it was all magical. It...

Oil price helps Libya extract better terms from Eni

Carola Hoyos | 2008-06-21 00:00:00

ENI, Italy's biggest energy group, rewrote recently all of its contracts in Libya, setting the tone for the rest of the industry by accepting worse terms in return for another 35 years of access to one of the world's most...

Jamuna Bank holds view-exchange meeting

FE Report | 2008-06-21 00:00:00

Jamuna Bank Limited (JBL) held a view-exchange meeting of its executives/officers with the newly elected chairman and vice-chairman of the board of directors of the bank at IDEB in the city recently.Chairman of the board of directors Md Tazul Islam...

India inflation rate rises to 11 pc

2008-06-21 00:00:00

NEW DELHI, June 20 (BBC On-line): Indian inflation has risen to a new 13-year high, hitting shares and weakening the rupee.The wholesale price index rose to 11% in the 12 months to 7 June, up from the previous week's 8.75%....

Zimbabwe's Tsvangirai may pull out of run-off: MDC

2008-06-21 00:00:00

HARARE, June 20 (Reuters): Zimbabwe's opposition leader Morgan Tsvangirai is considering pulling out of the June 27 presidential run-off election, a spokesman for his Movement for Democratic Change said Friday."There is a huge avalanche of calls and pressure from supporters...

Five more clubs complete registration formalities

2008-06-21 00:00:00

Mohammedan Sporting Club (MSC) completed registration formalities of 21 players Friday, marking the end 36-day inter-club players transfer for the 2nd B League (Professional Football League), reports UNB.The black and white Motijheel outfit recruited defender Jewel Rana (Brothers Union Club),...

Oil rebounds as China sharply hikes energy prices

2008-06-21 00:00:00

LONDON, June 20 (Agencies): Oil rose by almost $3 a barrel Friday on a view now gaining ground that a surprise fuel price increase by China may actually boost rather than curtail demand for fuel in the world's second-largest oil...

Banks should be rewarded for transparency

Eric Knight | 2008-06-21 00:00:00

The banking industry has gone through a remarkable transformation, much of it driven by the way the industry is regulated. Banking regulations may unwittingly have contributed to the current financial crisis and an understanding of how and why this occurred...

Ronaldo not for sale, insist United

2008-06-21 00:00:00

LONDON, June 20 (AFP): Manchester United slapped a 'not for sale' sign on striker Cristiano Ronaldo Friday following the Portuguese international striker's most recent bid to pave the way towards joining Real Madrid.Ronaldo has been linked with the nine-times European...

How imbalances led to credit crunch and inflation

Martin Wolf | 2008-06-21 00:00:00

Inflation is always and everywhere a monetary phenomenon. Milton FriedmanWHAT explains the combination of a "credit crunch" in the US with soaring commodity prices and rising inflation across the globe? Are these unrelated events or part of a bigger picture?...

2 killed, 10 hurt in Sylhet road mishap

2008-06-21 00:00:00

SYLHET, Jun 20 (UNB): Two people were killed and 10 others injured in a head-on collision between a bus and truck at Hajipur in Golapganj upazila on Sylhet-Jokiganj road Thursday morning.The dead were identified as truck driver Foysal Ahmed (35),...

A tribute to my idol on Father's Day

Rezina Sultana | 2008-06-21 00:00:00

MY father was the most important person in my entire life. There was no one like him. That's why I recall him with this write-up. Those who lost their father cannot do much but for recalling the good times with...

WB lukewarm about promised $330m power sector loan

FHM Humayan Kabir | 2008-06-21 00:00:00

The government, which desperately needs fund for energy sector development, is yet start negotiation for a US$330 million credit with the World Bank that pledged the amount for an integrated power project back in 2006."More than two years ago, the...

Germany beat Portugal to reach Euro

2008-06-21 00:00:00

BASEL, Switzerland, June 20 (AP): After it was all over, Michael Ballack was dancing on the field, being serenaded by thousands of German fans. Cristiano Ronaldo, however, had already beaten a quick retreat into the bowels of the stadium, head...

Govt intensifies rice procurement drive

S M Jahangir | 2008-06-21 00:00:00

The food department has intensified its 'Boro' rice procurement drive to help the government build up a buffer stock of 3.2-million tonnes of food amidst poor response from the local rice millers.The Ministry of Food and Disaster Management recently asked...

Local govt election a must to ensure people's democratic rights: Adviser Zillur

2008-06-21 00:00:00

CHITTAGONG, June 20 (UNB): Commerce and Education Adviser Hossain Zillur Rahman said Friday local government election is a must whenever and wherever necessary in the country to ensure people's democratic rights."It's a responsibility and routine work of government and Election...

American candidates ignore Asia at their peril

Victor Mallet | 2008-06-21 00:00:00

Barack Obama and John McCain, the US presidential candidates, should understand better than most why Asia is important to any incumbent of the White House. Unlike former president George H.W. Bush, neither has been an envoy to Beijing, but each...

A patently ambitious man

2008-06-21 00:00:00

Amy Yee in New DelhiAt just 35, Malvinder Mohan Singh is one of the youngest of India's crop of ambitious business leaders. Known for his aggressive management style, Mr Singh has spearheaded 14 acquisitions in Europe, the US and India...

UEFA to decide on enlarging Euro before end of year

2008-06-21 00:00:00

VIENNA, June 20 (AFP): European football's governing body UEFA will make a decision on whether to enlarge their flagship tournament the European championships by the end of the year announced their general secretary David Taylor Thursday."We're going to consult our...

Bikolpodhara terms EPR relaxation a good sign

2008-06-21 00:00:00

Bikolpodhara Bangladesh President Professor Badruddoza Chowdhury has termed the relaxation of emergency power rules in the areas of four city corporations and nine municipalities for a period leading up to local elections "a good sign", reports bdnews24.com.However, he added, it...

Using the media for good governance

Ashraf Ali Tarafdar | 2008-06-21 00:00:00

THE incumbent caretaker government has been stressing right from the start of its tenure that it attaches high priority to a lively and functional press as they can learn from the press many things needed for the good governance of...

Pak bowler Asif returns home after Dubai drops drug probe

2008-06-21 00:00:00

ISLAMABAD, June 20 (AP): Pakistan fast bowler Mohammed Asif returned home Friday after Dubai authorities dropped a drug investigation against him, ending almost three weeks of detention. "Asif is back in Pakistan," Pakistan Cricket Board human resources manager Nadim Akram...

Overhauling the tourism sector

2008-06-21 00:00:00

Potential of tourism in improving the image of a country cannot be overemphasised. Image apart, if this sector of the economy is run efficiently, it can also contribute to the national economy enormously. But so far Bangladesh has not been...

Investors remain indecisive

FE Report | 2008-06-21 00:00:00

The Dhaka Stock Exchange (DSE) witnessed downtrend in the week that ended Thursday amid limited participation of investors as it went for action to cool down the overheated market.The prime bourse passed the uneasy week as the investors remained indecisive...

Food crisis fuelling inflation: IMF

2008-06-21 00:00:00

WASHINGTON, June 20 (Reuters): Higher oil and food prices have sharply increased inflation, balance of payments (BoP) and budget pressures in many emerging and developing countries, a senior International Monetary Fund official said on Thursday.In a speech to the Panama...

Save life from plastic pollution

Dr Hossain Shahriar | 2008-06-21 00:00:00

The history of plastics goes back more than 100 years - however, compared to other materials, plastics are relatively modern. Their usage over the past century has enabled society to make huge technological advances to take us towards the new...

Jamuna erosion takes serious turn in Sirajganj

2008-06-20 00:00:00

SIRAJGANJ, June 19 (UNB): Erosion by the Jamuna river has taken a serious turn in five upazilas of the district due to rise in water level of the river caused by onrush of hill water and torrential rain.Low-lying areas of...