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Dam collapses in Sherpur, five villages flooded

2008-06-09 00:00:00

SHERPUR, June 8 (UNB): A portion of a dam on Chellakhali river collapsed at Takimari in Baghber union of Nalitabari Uapzila Saturday, flooding five villages of the union.Sources said about 300 feet of the dam of Water Development Board collapsed...

DSE turnover crosses Tk 5-billion mark

FE Report | 2008-06-09 00:00:00

The total turnover of Dhaka Stock Exchange (DSE) crossed Tk 5.0 billion-mark Sunday for the first time with stock prices gaining for the fourth straight day by rally of Beximco group, insurance, leasing and IT issues.The turnover in Chittagong Stock...

Fewer, pricier flights and job cuts

2008-06-09 00:00:00

PARIS, June 8 (AFP): As oil prices soar, airlines are coming back down to earth with a bump-cutting routes and capacity, ramping up prices and axing jobs as bosses freely admit the industry is in the "worst crisis since 9/11."Oil...

Nari Uddyog Kendro delegation calls on President Iajuddin

2008-06-09 00:00:00

A 10-member delegation of Nari Uddyog Kendro (NUK) called on President Iajuddin Ahmed at Bangabhaban in the city Sunday, reports BSS.During the meeting, the leaders of the NUK, a platform of elected representatives of local government bodies, apprised the President...

Man acid burnt in Barisal

2008-06-09 00:00:00

BARISAL, June 8 (UNB): A man received serious burn injuries in an acid attack at sluice gate area near Moulabirhat Bazar in Hizla Upazlia Friday night.The victim was identified as Kalachan Gachhua (53), of Kalikapur village of the upazila.Sources said...

President's new wife pleases the French

2008-06-09 00:00:00

PARIS, June 8 (AFP): More than two-thirds of the French feel good about their new first lady, model-turned-singer Carla Bruni, and a majority feel her music career is "compatible" with her role as the president's wife, according to a new...

GM staff temporarily halt production at Canadian plant

2008-06-09 00:00:00

OTTAWA, June 8 (AFP): Unionized auto workers angry about job losses stepped up their ongoing protest against General Motors yesterday by shutting down a pickup assembly plant in the Canadian town of Oshawa, Ontario.Workers formed a convoy of some 200...

Uzbeks through but Socceroos, Bahrain must wait

2008-06-09 00:00:00

SINGAPORE, June 8 (AFP): Uzbekistan stormed into the last 10 of Asian World Cup football qualifying but a shock loss for Australia and Bahrain's unexpected draw with Thailand mean they missed golden opportunities to join them.The Uzbeks' 1-0 win over...

Central bank suspends buying back govt securities

FE Report | 2008-06-09 00:00:00

The Bangladesh Bank (BB) has temporarily suspended buying back the government securities following rise in current expenditures before closing of the current fiscal."We have suspended the buying back of government securities due to non availability of surplus funds," a BB...

Delwar vows to set free Khaleda thru' movement

2008-06-09 00:00:00

BNP Secretary General Khandker Delwar Hosain Sunday vowed to set free party chairperson Khaleda Zia and form government of the mass people through launching relentless movement, reports UNB.He called upon the party workers to get ready for any sacrifice to...

Premier Bank holds monthly managers' confce

FE Report | 2008-06-09 00:00:00

The monthly managers' conference of the Premier Bank Limited was held at the bank's head office in the city Saturday.Premier Bank Board of Directors' Vice-chairman BH Haroon was present as the chief guest in the conference.Managing Director of the bank...

Duty, VAT on MS rod, edible oil, powdered milk may undergo revision

Doulot Akter Mala | 2008-06-09 00:00:00

The government is to exempt some major import items from mandatory pre-shipment inspection (PSI) in the budget for fiscal 2008-09, which will be announced today (Monday).The items are: limestone flux including limestone and other calcareous stones of a kind used...

Jamaat refuses dialogue with Nizami, Khaleda behind bars

2008-06-09 00:00:00

Jamaat-e-Islami announced Sunday that it would not go to dialogue with the government, while the party chief Motiur Rahman Nizami and BNP Chairperson Khaleda Zia remained behind bars, reports bdnews24.com.Jamaat's Secretary General Ali Ahsan Mohammad Mojaheed, at a press conference...

Govt borrows Tk 9.00b thru' treasury bills

FE Report | 2008-06-09 00:00:00

The government borrowed Tk 9.00 billion (900 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 9.00 billion from the market in the week.The central bank conducted auctions of 28-day, 91-day and 182-day bills on...

Climate Change and youth tourism

2008-06-09 00:00:00

More than any other market segment, youth and student tourism can pave the way to more responsible travel habits; Francesco Frangialli, Secretary-General UNWTO has opined at the 'World Youth and Student Travel Conference', Istanbul last year. Supporting his opinion, the...

Medvedev defends Russian foreign investment law

2008-06-09 00:00:00

SAINT PETERSBURG, June 8 (AFP): President Dmitry Medvedev yesterday defended Russia's new law on foreign investment in "strategic" economic sectors as a top business executive warned of the legislation's potential "danger.""It's a concrete document, covering 42 areas of economic activity.......

India needs to triple energy capacity to meet demand

Joe Leahy | 2008-06-09 00:00:00

FT Syndication ServiceMUMBAI: India needs to add the equivalent of about half the electricity generating capacity of the UK each year - or about 30 gigawatts - if it is to maintain its present rapid rate of economic growth, a...

Food procurement drive hobbles in Khulna div

Our Correspondent | 2008-06-09 00:00:00

KHULNA, June 8: Boro procurement drive is going very slow in ten districts of Khulna division in this season due to higher price of paddy and rice in the local markets than the rate fixed by the government.Official sources said...

Council of Kalyan Party city unit June 22

2008-06-09 00:00:00

The council of the city unit of Bangladesh Kalyan Party (BKP) will be held on June 22 at the National Press Club at 3.00 pm, reports BSS.This was decided at an extended meeting of the city unit at the party's...

Polish-born Klose ready to fire for Germany in Euro 2008

2008-06-09 00:00:00

KLAGENFURT, Austria, June 8 (AFP): Joint favourites Germany begin their Euro 2008 campaign against neighbours Poland Sunday with Polish-born striker Miroslav Klose in the form of his life, says German coach Joachim Loew.The Germany team arrived here on Saturday afternoon...

River re-excavation work begins in Jessore

2008-06-09 00:00:00

JESSORE, June 8 (UNB): Several hundred villagers voluntarily startedre-excavation work of Bhairab River here Saturday, reports UNB.Educationist Professor Afsar Ali inaugurated the excavation work at Daitala village part of the river organised by the committee of 'Bhairab Nod Sangsker Andolon'.Advocate...

Lt Gen Masud's service placed under Foreign Ministry

2008-06-09 00:00:00

Lt General Masud Uddin Chowdhury's service was placed under the Ministry of Foreign Affairs, an official of the Establishment Ministry said Sunday about the change in the army hierarchy, reports UNB.Gen Masud was serving as Principal Staff Officer (PSO) of...

India airline sector flies into big losses as fuel prices bite

2008-06-09 00:00:00

NEW DELHI, June 8 (AFP): India's crowded airline sector is flying into huge losses on the back of a surge in global fuel prices that have forced it to hike fares, slowing explosive passenger growth.Its woes pushed the airlines to...

Fatah, Hamas emissaries meet in Dakar under Senegalese mediation

2008-06-09 00:00:00

DAKAR, June 8 (Agencies), (AFP): The Palestinian factions Fatah and Hamas, at loggerheads since the Islamist Hamas seized power in the Gaza Strip last year, have sent emissaries to Dakar to engage in a "process of fraternal dialogue" mediated by...

Yunus draws record numbers at MIT commencement

2008-06-09 00:00:00

BOSTON, June 8 (bdnews24.com): Nobel laureate Muhammad Yunus urged MIT graduates to end global poverty and save the environment, in an address that drew record crowds to the world-renowned institute's 142nd commencement.'I hope you'll ... make an effort to be...

35 Bangladeshi workers recruited under EPS reach Seoul

2008-06-09 00:00:00

The first batch of 35 Bangladeshi workers recruited under Employment Permit System (EPS) reached Seoul Sunday morning, reports UNB.On their arrival at the airport at 4:45 am, the workers were received by Syed Nasir Ershad, first Secretary of Bangladesh Embassy...

Vietnam economic boom hits high-speed wobbles

2008-06-09 00:00:00

HANOI, June 8 (AFP): Vietnam's economy, until recently a darling of foreign investors, has overheated and may be sliding into a boom-and-bust cycle that could require IMF-style assistance, analysts say.The economy widely hailed last year as Asia's next tiger has...

Saidpur Railway Workshop needs urgent renovation

Our Correspondent | 2008-06-09 00:00:00

NILPHAMARI, June 8: Age old workshop houses of Saidpur Railway Workshop which has ended its lifespan long ago need urgent renovation. Sources said roofs of most of the workshop houses are in a dilapidated condition and trickles down rain water...

Clinton suspends campaign, endorses Obama

2008-06-09 00:00:00

WASHINGTON, June 8 (Agencies): Hillary Rodham Clinton suspended her pioneering campaign for the presidency Saturday and summoned supporters to use "our energy, our passion, our strength" to put Barack Obama in the White House. "I endorse him and throw my...

Arunachal seeks security clearance for trade

2008-06-09 00:00:00

ITANAGAR, June 8 (PTI): Arunachal Pradesh government has sought security clearance from the Union Home ministry for development of traditional trade routes to revive border trade with Myanmar and Bhutan, and China in the later phase.In a letter to the...