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Charge hearing adjourned until June 19

2008-06-12 00:00:00

The trial court adjourned Wednesday the hearing to frame charges in the MiG-29 fighter jets graft case against former Prime Minister Sheikh Hasina and others until June 19, reports BSS.Judge Golam Mortuza Majumder fixed the next date of hearing granting...

AIG troubles deepen after US regulator launches swaps probe

2008-06-12 00:00:00

Francesco Guerrera in New York and Joanna Chung in WashingtonFT Syndication ServiceThe troubles of American International Group deepened last week after it emerged that the US insurer was being probed by regulators over its valuation of subprime-related derivatives.News of the...

Orange Telecom, Alcatel-Lucent high officials meet BTRC chief

FE Report | 2008-06-12 00:00:00

High officials of Orange Telecom and Alcatel-Lucent, Singapore called on Bangladesh Telecommunication Regulatory Commission (BTRC) Chairman at the latter's office in the city Tuesday.Chief Executive Officer (CEO) of Orange Telecom Sanjib Ahuja expressed his desire to invest in the WiMAX...

Japan PM won't quit over censure motion: spokesman

2008-06-12 00:00:00

TOKYO, June 11 (AFP): Japan's opposition Wednesday introduced a censure motion in parliament against Prime Minister Yasuo Fukuda in what is set to be a major embarrassment for the unpopular leader. The motion was submitted before the upper house, which...

David Villa's hat-trick destroyed Russia

2008-06-12 00:00:00

David Villa scored the first hat-trick of Euro 2008 as Spain lived up to their pre-tournament billing with a fine victory over Russia in Group D, reports BBC.Russia started positively but were hit on the counter-attack, with Fernando Torres squaring...

Three big challenges for the Berlusconi cabinet

Tito Boeri | 2008-06-12 00:00:00

The new Italian cabinet, Silvio Berlusconi's fourth government, is both strong and weak. It is strong because the government has solid majorities in the House and Senate, and the supporting coalition is less fragmented than in previous Berlusconi cabinets. It...

G8 finance chiefs to tackle soaring oil, food prices

2008-06-12 00:00:00

TOKYO, June 11 (AFP): Finance ministers from the Group of Eight (G8) rich nations will this weekend discuss ways to limit the economic damage of soaring oil prices that have eclipsed the credit crisis as their biggest worry.But experts said...

Pintu among 28 chargesheeted

2008-06-12 00:00:00

Former state minister Abdus Salam Pintu of BNP and 27 others were accused of the August 21, 2004 grenade attack on an Awami League rally in Dhaka city, in a chargesheet submitted by the police to the Metropolitan Magistrate's Court...

BTRC chief hails Warid for rapid achievements

FE Report | 2008-06-12 00:00:00

Bangladesh Telecommunication Regulatory Commission (BTRC) Chairman Manzurul Alam congratulated Warid Telecom for acquiring three million subscribers within one year of commercial operation.The chief of country's telecom watchdog also praised the mobile phone operator for its overall achievement and expressed hope...

President, CA greet Philippines President on occasion of Independence Day

2008-06-12 00:00:00

President Iajuddin Ahmed and Chief Adviser Fakhruddin Ahmed have greeted President of the Philippines Gloria Macapagal-Arroyo on the occasion of Independence Day of his country that falls Thursday, reports UNB.In a message to Macapagal-Arroyo, President Iajuddin said Bangladesh and the...

South Africa to open borders for 2010

Tom Burgis | 2008-06-12 00:00:00

South Africa is set to throw open its borders to its poorer neighbours under plans to introduce visa-free travel across southern Africa in time for the football World Cup in 2010.The move would see nationals from the 14 members of...

Ex-army chief Mustafiz gets permanent bail

2008-06-12 00:00:00

A Dhaka court granted Wednesday permanent bail to former army chief Mustafizur Rahman in the MiG-29 graft case, reports bdnews24.com.Judge Golam Mortuza Mojumdar of Dhaka Divisional Special Judge's Court, set up on the Songsod Bhobon premises, also deferred the charge-framing...

Oil price rises above 132 dollars

2008-06-12 00:00:00

SINGAPORE, June 11 (AFP): Oil prices rose above 132 dollars in Asia Wednesday as the world's biggest producers and consumers prepared to meet to discuss record crude costs that are stoking fears for the global economy.New York's main oil futures...

Iran says West fails to stop nuclear advances

2008-06-12 00:00:00

TEHRAN, June 11 (Reuters): Western pressure has failed to stop Iran's nuclear program from advancing, its president said on Wednesday, a day after the United States and the European Union warned of more sanctions against the Islamic Republic.President Mahmoud Ahmadinejad...

DSS packages start from $62 per person per night

FE Report | 2008-06-12 00:00:00

Summer time and the living are easy with Emirates' super value-for-money Dubai Summer Surprises (DSS) packages starting from as little as $62.The packages must be booked for a minimum of three nights and offer customers a choice of 24 city...

Economics, not markets, behind oil price rise: BP CEO

2008-06-12 00:00:00

LONDON, June 11 (AFP): Economic fundamentals, and not financial market speculation, are responsible for the dramatic rise in the price of oil, with more investment needed in the energy sector, the chief executive of British energy giant BP wrote Wednesday.In...

city events

Olympian Sabrina | 2008-06-12 00:00:00

clinch top slotin .22 Rifles ProneOlympian shooter Sabrina Sultana of Dhaka Rifles Club clinched the top slot in the Women's .22 Rifles Prone on the 2nd day of the 22nd National Shooting Championship at the BKSP shooting range in Savar...

Govt raises fertiliser prices

FE Report | 2008-06-12 00:00:00

The government has increased the prices of urea fertiliser by more than 100 per cent to help reduce its ever-growing expenditure on account of marketing the agricultural input at subsidised rates.Under the revision, the mill-gate price of urea has been...

Re-rolling mill owners demand 'zero' duty on raw materials

FE Report | 2008-06-12 00:00:00

Steel and re-rolling mill owners on Wednesday demanded of the government to exempt their basic raw materials from import duty to help sustain growth of the sector.They also called for removing discriminations in duty rates between raw materials and finished...

Romania hold France in bore draw

2008-06-11 00:00:00

Lacklustre France failed to score in their opening Euro 2008 game against Romania which could leave them with an uphill task to qualify from Group C, reports BBC.Without influential captain Patrick Vieira and main striker Thierry Henry, they created little...

SEC asks bourses to gear up monitoring and use restrictive tools

FE Report | 2008-06-11 00:00:00

The securities regulator has asked the bourses to gear up monitoring and to take immediate action against any unusual behaviour of any issues as it deems the present market is posing risk for investment.The directive came in a tripartite meeting...

Sehwag leads commanding batting effort

2008-06-11 00:00:00

This tri-series was supposed to test how the teams adjusted to the one-day format after the hectic pace of Twenty20 cricket but India chose to carry on in a similar vein, piling on 330 for 8. A run-rate of 6.60...

Japan vows to ratify free trade accord with ASEAN

2008-06-11 00:00:00

TOKYO, June 10 (AFP): Japan's government, saying its honour was on the line, vowed today to ratify a free-trade accord with the Association of Southeast Asian Nations (ASEAN) by extending a parliament session hampered by feuding with the opposition."Japan would...

Australian business confidence improves slightly

2008-06-11 00:00:00

SYDNEY, June 10 (AFP): Australian business confidence staged a modest recovery in May after hitting seven-year lows the previous month but was vulnerable to another downturn, according to a survey released today.The National Australia Bank (NAB) said the results of...

Phensidyl, pistol recovered in Jessore

2008-06-11 00:00:00

JESSORE, June 10 (UNB): Rapid Action Battalion (RAB), in separate drives, recovered a pistol and 1,014 bottles of Phensidyl from Benapole Monday.Acting on a tip off, a team of RAB-6 raided a rice mill atShyamolgachha on Jessore-Benapole road in the...

Govt plans to keep memory of author Mir Mosharraf

2008-06-11 00:00:00

KUSHTIA, June 10 (UNB): The government has taken an initiative to keep memory of Mir Mosharraf Hossain, the writer of Bishad Shindhu, through constructing a museum at his homestead at Lahinipara village in Kumarkhali Upazila.Under the scheme, an auditorium and...

Re-imagining cities: artists' perspective

Istela Imam | 2008-06-11 00:00:00

WOULD not it be exciting if our cities were had colourful and pleasing looks -- something the people can interact with? Just stand and take a moment to look at our cities or when we walk down their grey and...

South Korea's cabinet offers to resign in face of massive street protests

2008-06-11 00:00:00

SEOUL, June 10 (Reuters): South Korea's entire cabinet offered to resign Tuesday in the face of massive street protests, as its increasingly unpopular president warned that Asia's fourth-largest economy could be heading into crisis.The protests against the government, in office...

Matin ignorant about Hasina's release

2008-06-11 00:00:00

Home Affairs Adviser Maj Gen (retd) MA Matin Tuesday expressed ignorance about the release of detained ex-Prime Minister Sheikh Hasina whose path is already all clear for her going abroad for medical treatment, reports UNB."I don't know anything. Nothing to...

CPD terms proposed budget as expansionary, populist

FE Report | 2008-06-11 00:00:00

The Centre for Policy Dialogue (CPD) Tuesday termed the proposed budget for fiscal 2008-09 as an expansionary, populist and traditional from the perspective of revenue expenditures and earnings."We think the proposed budget apparently lacks institutional capacity as far as revenue...