AOMORI, Japan, June 8 (AFP): Eleven nations that guzzle nearly two-thirds of the world's energy met Sunday to discuss record oil prices as host Japan aired fears that the world may plunge into recession.Energy ministers from the Group of Eight...
MANILA, June 8 (AFP): The Philippine economy faces a "perfect economic storm" of inflation at nine-year highs as food and oil prices soar, rising interest rates and slowing growth, analysts said.They said inflation was unlikely to ebb soon after hitting...
Detained former Prime Minister Khaleda Zia Sunday spurned a reported government plan for sending her abroad for medical treatment while another former premier Sheikh Hasina appealed to a special judge to spare her from appearing in court in person to...
The defence counsel for ex-prime minister (PM) and Awami League (AL) president Sheikh Hasina Sunday again alleged that the prosecution in the barge-mounted power plant graft case was tutoring witnesses during cross-examination to "tamper with the judicial process," reports UNB.Drawing...
Shamsul Huq Zahid | 2008-06-09 00:00:00
THE capital market regulator-the Securities and Exchange Commission (SEC), is considering amendments to the existing rules for the merchant banks to force the latter for accomplishing one of their basic jobs-to bring in new issues to the stock market.The chairman...
Phelps wins third gold | 2008-06-09 00:00:00
OMAHA, Nebraska, June 8: Six-time Olympic gold medallist Michael Phelps won his third gold of the Mutual of Omaha Swimvitational Saturday as top US swimmers try out the venue for the upcoming Beijing Olympic trials. Phelps won the men's 100m...
CHANDPUR, June 8 (UNB): Joint forces recovered 46 rounds of bullet and a bayonet from an abandoned godown of the Kochua Upazila administrative building Saturday.Sources said some workers found the bullets and bayonet in the godown when they were cleaning...
BAMIYAN, (Afghanistan), June 8 (Agencies); First lady Laura Bush, on a mission to highlight signs of rebirth in war-weary Afghanistan, ventured outside of Kabul Sunday to an area that symbolizes both the destruction of war and Afghanistan's attempt at rebirth....
The prevailing power crisis is going from bad to worse about everyday. For the few ageing generation units are unable to meet the ever-growing power needs of the country. What is worse, the conventional ways of establishing new power generation...
FE Report | 2008-06-09 00:00:00
The inter-bank call money rate was mostly steady Sunday due to injection of fresh cash into the market. The US dollar, however, retained stable face against Bangladesh taka (BDT) in the inter-bank foreign exchange market because of moderate demand for...
SHERPUR, June 8 (BSS): The work on the preparation of voter list with photographs and national identity cards concluded here today.General Officer Commanding (GOC) of 19 Infantry Division AKM Mujahid Uddin visited the voter registration centre of Chithliya Government Primary...
Karar Mahmudul Hassan | 2008-06-09 00:00:00
FINANCE and Planning Adviser Dr. Mirza Asizul Islam said (May 19, 2008) that the budget outlay for the next fiscal year (2008-2009) would be around Tk. 995 billion with widened deficit, but not beyond 5.0 per cent of gross domestic...
FE Report | 2008-06-09 00:00:00
CERAGEM, an alternative healthcare thermal device, has recently opened a demonstration centre in Chittagong as part of its expansion plan in Bangladesh.This organisation is offering thousands of clients everyday in 12 demonstration centres, free-of-cost services located at Gulshan, Moghbazar, Wari,...
FT Syndication Service | 2008-06-09 00:00:00
Wheelbarrows full of cash feature strongly in the nightmares of central bankers. But while inflation is on the rise, it remains moderate in the developed world. Should equity investors be worried?Equities are regarded as a hedge against inflation over the...
FE Report | 2008-06-09 00:00:00
Islami Bank Bangladesh Limited (IBBL) inaugurated a branch in Bandarban Sunday. It is the 195th branch of the bank located on Central Mosque Road of Bandarban district town.Chief Executive Officer of Parbottya Zilla Parishad Helal Uddin Ahmed inaugurated the branch...
RAJBARI, June 8(UNB): Armed robbers looted cash and valuables worth about Tk 200,000 from two houses at Garakhola village in Baliakandi Upazila early Saturday.Local people said the robbers numbering 10/12 swooped on the house of Uttam Goswami at about 1:00...
JESSORE, June 8(UNB): Two people were killed in separate incidents in the district Friday and Saturday.One of the deceased was identified as Shorojit Sen, son of Khagendra Nath Sen of Rajarhat village of Sadar Upazila while another could not be...
The High Court (HC) Sunday issued a rule upon the government to explain why certain provisions of the Contempt of Court Ordinance 2008, should not be declared illegal and ultra vires the constitution, reports UNB.Responding to a writ petition filed...
Shakhawat Hossain | 2008-06-09 00:00:00
The caretaker government unveils today (Monday) the national budget for the fiscal 2009, ratcheting up borrowing to fill the hole in public finances caused by increased subsidies and expansion of safety net programmes, officials said.Finance and Planning Adviser Dr Mirza...
Indian national cricket team, led by Mahendra Singh Dhoni, arrived in the city Sunday morning to play the Kitply Cup tri-nation cricket tournament, reports UNB.In the eight-day tournament, India will play the 1st match against old foe Pakistan on Tuesday...
Philip Stephens | 2008-06-09 00:00:00
These are times when everything is measured against prior expectations, when tomorrow's news was discounted yesterday, and when to be anything but cynical is to be credulous. So perhaps we should not get too excited by the long-awaited confirmation that...
A citizens charter has been prepared for the Ministry of Textiles and Jute aiming at bringing dynamism and improving standard of its work, reports BSS.The ministry is working for development of the foreign currency earner and environment-friendly textiles sector to...
Humaira Islam, wife of Professor Dr Ahmed Shamsul Islam died at Apollo Hospitals in the city recently, said a press release.A Doa-Mahfil for the salvation of her departed soul will be held today (Monday) after Magrib prayer at her own...
Naim-Ul-Karim | 2008-06-09 00:00:00
Bangladesh needs short and long term plans to improve the country's nagging power situation, said the regional chief of ABB Limited.'We think there is a need for short and long-term plans,' Biplab Majumder, managing director and country manager of ABB...
Israel shuts down West Bank for Jewish holidayJERUSALEM, June 8: The Israeli army announced Saturday that it would impose a complete closure on the occupied West Bank for the next two days for the Jewish religious holiday of Shavuot. "The...
FE Report | 2008-06-09 00:00:00
The securities regulator has expressed concern over the lack of securities supply in the stock market, making it overvalued."Over the last one year the supply side remains a serious problem, making the market overvalued," said Faruq Ahmad Siddiqi, chairman of...
NEW YORK, June 06 (Agencies): Gasoline rose to a milestone mark Sunday as the national average compiled by motorist group AAA reached $4 a gallon for the first time.The national average for regular unleaded rose 1.7 cents to $4.005, according...
Our Correspondent | 2008-06-09 00:00:00
CHITTAGONG, June 8: Four scrap vessel-importing organisations paid duty amounting to Tk 52.5 million to the Chittagong Customs House (CCH) authority Thursday following settlement of five writ cases at the initiative of the Joint Forces.The importers who paid the revenue...
FE Report | 2008-06-09 00:00:00
Berger Paints Bangladesh Limited, during its annual general meeting (AGM), declared 110 per cent cash dividend for the shareholders for the year 2007.Berger Chairman Gerald K Adams presided over the AGM and presented the Directors' Report, Auditors' Report and audited...
A special court Sunday again sentenced ex-prime minister Khaleda Zia's assignment officer Firoz Mahmud Iqbal to five years' rigorous imprisonment (RI) in a graft case, reports UNB.Passing the sentence Judge M Ashraf Hossain also fined the fugitive convict to pay...
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