FE Report | 2008-06-18 00:00:00
Inclusive economic growth and diversion of more resources for reduction of poverty are necessary for achieving national development swiftly, country chief of the Asian Development Bank (ADB) said Tuesday."There is need to create and expand access to opportunities and more...
Pakistani govt pays salaries to judges ousted under MusharrafISLAMABAD, JUNE 17 (AP): Pakistan's new government has paid the salaries of the Supreme Court justices ousted by President Musharraf last year, a move the governing coalition says highlights its commitment to...
FE Report | 2008-06-18 00:00:00
The central bank will soon start disbursing underwriting commission to the primary dealers (PDs) of commercial banks that have traded government-approved treasury bills and bonds, officials said."We expect the disbursement of the commission to start by the next week for...
TOKYO, June 17 (AFP): The dollar lost ground in Asian trade Tuesday as traders reassessed prospects for an increase in US interest rates in the near future given ongoing economic uncertainty, dealers said.The dollar declined to 107.80 yen in Tokyo...
Andrew Strauss will stay with England's squad for the second one-day match against New Zealand today (Wednesday) as cover for the injured Alastair Cook, reports BBC.Cook has been struggling with a right shoulder injury since the final Test at Trent...
LONDON, June 17 (AFP): Cristiano Ronaldo appears to be edging closer to joining Real Madrid after reports in England Tuesday claimed the Manchester United winger is ready to demand a transfer after Euro 2008.Ronaldo has made it clear he would...
Fazle Rashid from New YorkTHE US economy is the biggest and the most robust in the world. This is an indisputable fact. The global economy revolves round it. This is no more the case.The unexpected reverses in the subprime lending...
FE Report | 2008-06-18 00:00:00
Mir Nasir Hossain has been unanimously elected the new chairman of Eastern Bank Limited (EBL) at a recent meeting of the board of directors of the bank in the city Tuesday.Nasir is the immediate past president of Federation of Bangladesh...
Kazi Fakrul Islam joined Sonali Bank Limited (SBL) as deputy managing director Sunday, says a press release.Prior to joining SBL, he was the general manager of Agrani Bank Limited.He started his banking career as a senior officer in 1979. During...
OXFORD, June 17 (PTI): India has asked the US to cut farm subsidies by just one dollar and New Delhi will come on board for a deal on the Doha round of trade talks which has dragged for seven years."My...
Our Correspondent | 2008-06-18 00:00:00
KHULNA, June 17: Khulna City Corporation (KCC) has announced over Tk 3.32 billion budget for the 2008-09 financial year, levying no new taxes.KCC Acting Mayor M Moniruzzaman Moni announced the budget Tuesday in the presence of local journalists, ward commissioners...
Around 30 ready-made garment (RMG) workers, including females, were injured in clashes with policemen while they were staging demonstrations demanding salary hike in the city's Mirpur area Tuesday morning, reports UNB.Witnesses said the workers of SQ Garment Factory came out...
A total of 250 Bangladeshi police officials have received the United Nations (UN) Peacekeeping Medal in recognition of their contribution to the United Nations Operation in Cote d'Ivoire (ONUCI), in helping stabilise the west African country, reports BSS.A ceremony was...
India's edible oil imports slump by 39 pc in MayNEW DELHI, June 17: India's edible oil imports declined by 39 per cent in May to 3.02 lakh tonnes as traders and refiners reduced inventory due to stock limit imposed by...
FE Report | 2008-06-18 00:00:00
British American Tobacco Bangladesh (BATB) Tuesday launched its annual afforestation programme styled 'Sapling Distribution 2008' aiming to protect the country from natural disasters and to join the Government's national drive of tree plantation.BATB's programme is the largest afforestation drive by...
FE Report | 2008-06-18 00:00:00
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is going to introduce a grading system for the garment units with respect to adherence of compliance issues, BGMEA said Tuesday.The BGMEA audit teams will conduct extensive monitoring of the overall social compliance...
FE Report | 2008-06-18 00:00:00
When there is a national effort to promote potatoes as substitute for staple rice, a local French fry producer is getting negative response from local banks to financing expansion of its plant.Quality French Fried Potato, which produces 10 tonnes of...
Home Affairs Adviser Maj Gen (retd) MA Matin Tuesday urged all to join the fight against human smuggling, as some 50 Bangladeshi girls are lured out to India everyday and coerced into prostitution, reports UNB."Organised criminals earn billions of dollars...
Bangladesh A team, led by skipper Zunaed Siddiqui, is likely to leave for Ireland Thursday night to play one three-day and two one-day matches against Ireland, reports UNB.On completion of Ireland campaign the A team will go to England on...
Some 251 teachers of Dhaka University (DU) have urged the government to release former Prime Minister (PM) and BNP Chairperson Khaleda Zia and her two sons and arrange their proper treatment, reports UNB.In a joint statement Tuesday, they said that...
GUWAHATI, (Internet): India's External Affairs Minister Pranab Mukerjee Sunday stressed the need for improving connectivity with the South Asian neighbours and strengthening bilateral relations with them to boost business and attract investments."Economic development in the northeast will depend on how...
KUALA LUMPUR, June 16 (AFP): Malaysia premier Abdullah Ahmad Badawi has warned of a "real disaster" unless bold steps are taken to tackle the global inflation crisis.Abdullah told the World Economic Forum (WEF) on East Asia in an opening address...
Krishna Guha | 2008-06-17 00:00:00
FT Syndication ServiceWASHINGTON: The US is concerned that the illicit network set up by Pakistani scientist AQ Khan may have distributed designs for nuclear warheads as well as uranium enrichment technology.Stephen Hadley, US national security adviser, told reporters on Sunday:...
FE Report | 2008-06-17 00:00:00
A day-long seminar on "Prevention of Money Laundering" jointly organised by IFIC Bank Academy and Central Compliance Unit of Prevention of Money Laundering of the bank was held at Chamber Building in the city recently.IFIC Bank Limited Managing Director Mosharraf...
Detained former Prime Minister Khaleda Zia Monday declined to apply for her release, saying that she won't sign any bond for freedom, report UNB/bdnews24.comShe accused the government of worsening health condition of her two sons in custody."When they (sons) were...
MANILA, June 16 (Xinhua): The Philippines-based International Rice Research Institute (IRRI) said recently that it seeks to deepen collaboration with China to help developing nations boost rice production."Given the current world rice situation, with high prices and an urgent need...
Intensifying its drive against corrupt officials, the Anti-Corruption Commission has decided to keep setting traps to catch bribe-takers red-handed in places where bribe transaction is rampant, reports UNB.On Friday, an ACC team caught a sub-inspector of Cantonment police station red-handed...
Our Correspondent | 2008-06-17 00:00:00
CHITTAGONG, Jun 16: Construction work of the third Karnaphuli Bridge involving Tk 3.35 billion is likely to be completed before stipulated period as 45 per cent work of the project is over, concerned sources said.Construction of the sub-structure installation of...
FE Report | 2008-06-17 00:00:00
The Dhaka Stock Exchange (DSE) witnessed Monday a dip in stock prices in the opening hour and then a reverse trend following demonstration by a group of unnerved investors.A downbeat mood prevailed from the very outset of the day's transactions,...
MONTEVIDEO, June 16 (AFP): Ten-man Paraguay stunned Brazil 2-0 on Sunday to stay top of South American 2010 World Cup qualifying while Argentina needed a last-minute goal to avoid a humiliating defeat at home to Ecuador.Despite having defender Dario Veron...
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