Aussies turn the screw on West Indies

ST JOHNS, Antigua, June 3 (AFP): Australia extended their lead to 371, after Brett Lee bowled with vigour to hand them a healthy first innings lead in the second Test against West Indies Monday.The Australians, chasing quick runs to set...

'Inflation top risk in China's economy'

SHANGHAI, June 3 (AFP): Runaway inflation remains the top risk in China's economy as a massive earthquake last month is set to add upward pressure on prices in the short term, the country's central bank said today."A comprehensive increase in...

A wedding tale of many cities

To tell the love story of 30-year-old Carisa Aleta and 29-year-old Hahn-Ning Chou, one might have to bring out a world map. Cari, the daughter of Drs. Carlito and Isabel Aleta, was born in Manila. Hahn, the son of Dr....

corporatewatch

Rahman Chemicals recommends no dividendThe board of directors of Rahman Chemicals has recommended no dividend for the year that ended on December 31, '07. The annual general meeting (AGM) of the company will be held on the factory premises, Tarabo,...

Uphold country's interest above all remaining accountable to the noble profession: President

President Iajuddin Ahmed Tuesday urged journalists to uphold country's interest above all else remaining accountable to their noble profession, reports UNB.Reminding journalists of their responsibilities and obligations to the country and society, he said, "Greater responsibilities and obligations are now...

Charge hearing deferred to June 9

A special court deferred Tuesday the hearing on charge framing in a bribery case against detained BNP senior secretary general Tarique Rahman and others to June 9 as the prosecution failed to produce Tarique for his "illness", reports UNB.As the...

Manpower export marks 42.16pc rise in 5 months

The country's manpower export marked an impressive 42.16 per cent growth in the first five months of calendar 2008 over that of the same period of the last year as two Arab states recruited large number of Bangladeshi workforce, officials...

Oxfam presses world leaders over 'pittance' for food crisis

LONDON, June 3 (AFP): Aid charity Oxfam appealed to world leaders today to agree an urgent global action plan in response to the food price crisis, as they gathered for a high- level UN summit in Rome.Oxfam accused the international...

RCC unveils Tk 1.623b budget

RAJSHAHI, June 3: Reazun Nabi Dudu, Acting Mayor of Rajshahi City Corporation (RCC), unveiled a Tk 1.623 billion (162.3 crore) budget of the RCC for the financial year 2008-2009 in a press conference held at the auditorium of RCC Monday...

Nepal Maoist chief won't 'renounce arms'

TOKYO, June 3 (AFP): Nepal's Maoist chief has ruled out renouncing armed struggle but said a return to violence was unlikely after the former rebels achieved their goal of ending the world's last Hindu monarchy.The Maoists, who waged a decade-long...

New DMD of Jamuna Bank

Md Alauddin Al-Azad has joined the Jamuna Bank Limited as deputy managing director (DMD).Before joining the Jamuna Bank, he served the Dhaka Bank Limited as senior executive vice president and head of credit, said a press release.After completing his MBA...

Road accidents in Dhaka

Commuting in Dhaka city has become almost a nightmarish experience. Motorised as well as manually driven vehicles keep the city streets clogged from morning to midnight. The use of sidewalks or pavements by the pedestrians is also difficult since those...

India set to exempt Africa from rice ban

Joe Leahy in Mumbai and Amy Yee in New Delhi, FT Syndication ServiceIndia is facing growing pressure from African countries to exempt them from export bans on rice implemented by New Delhi to curb domestic food price inflation.The pressure illustrates...

Exporters pledge to work together to combat challenges

The country's exporters Tuesday pledged to work together to combat local and international challenges facing their industries.Leaders of local exporters' associations were addressing a meeting organised to form a common platform.The meeting was held at the conference room of Bangladesh...

What is cohousing?

Cohousing began in Denmark in the 1960s and in the U.S. in the 1980s. Today there are hundreds of cohousing communities in many different countries, with more than 90 in the US.Cohousing is a form of collaborative housing that offers...

Indian inflation close to 13-year high

Mumbai, June 3 (Reuters): India's annual inflation rate is probably already near 9 per cent, close to a 13-year high, and will top the central bank's comfort zone all year as the impact of rising raw materials prices seeps deeper...

China says west's lack of market oversight led to subprime crisis

FT Syndication ServiceBEIJING: Western governments must strengthen their oversight of financial markets and improve cross-border regulatory cooperation if they are to avoid future global financial crises, a senior Chinese banking regulator told the Financial Times recently."I feel the western consensus...

sports digest

Pakistan's Asif arrested in Dubaion charges of carrying drugLAHORE, Pakistan, June 3: Pakistani fast bowler Mohammad Asif has been arrested at Dubai airport on charges of possessing illegal drugs, cricket officials said Tuesday. The 25-year-old Asif was seized while returning...

Remittance inflow exceeds $7b in 11 months

Remittances from expatriate Bangladeshis exceeded US$7.0 billion in the first eleven months of the current fiscal, marking a 31.14 per cent growth over the same period of the last fiscal.The country received $7.163 billion during the July-May period of the...

Of statistics, lies and inflation

The policy analysis unit (PAU) of the central bank in a policy paper published recently has recommended introduction of a method for measuring 'core' inflation in order to help the bank formulate what it said credible monetary policy.The policy paper

Fazlul Hoque made MD of RAKUB

M Fazlul Hoque has been appointed managing director of Rajshahi Krishi Unnayan Bank Sunday.Prior to this assignment, he was the deputy managing director of Bangldesh Krishi Bank.He started his banking career as assistant controller of fund management of Bangldesh Krishi...

Consumers still awaiting a law for protection

THE activities of some unscrupulous elements, ranging from unlawful syndicated trading to adulteration of food-products, are causing growing concern to the consumers across the country. Consumers in Bangladesh, specially the non-affluent, who constitute the majority, have been passing time in...

Housing for urban poor

The leaders of the readymade garment workers recently demanded allocation of fund in the next budget for a housing project for the RMG workers. The demand deserves serious consideration. It's a genuine suggestion and needs to be treated accordingly.Hundreds of...

Oil prices ease in Asian trade

SINGAPORE, June 3 (AFP): Oil prices eased in Asian trade Tuesday on continuing concerns over global energy demand, dealers said.New York's main oil futures contract, light sweet crude for July delivery, slipped 46 cents to 127.30 dollars per barrel.The benchmark...

Call to settle workers

CHITTAGONG, June 03: It is better to settle any problem concerning demands of the workers through discussion and on the basis of understandings between conflicting parties instead of resorting to destructive activities like rampaging and ransacking.This was observed by the...

City events

Sajib scored a hattrick as Manik Smriti Sangsad crushed RND Krira Chakra by 6-1 goals in a West Zone match of the Metropolis Pioneer Football League at the Outer Stadium in the city Tuesday. Sajib scored three goals for his...

Abahani beats Mohammedan, keep title hope alive

Abahani Limited kept their title hope alive in the Green Delta Insurance Premier Division Hockey League beating archrival Mohammedan SC by 6-5 goals in a keenly contested match at the Maulana Bhasani National Hockey Stadium Tuesday, reports UNB.With this, Abahani...

commodities digest

Yuan climbs to new high against US dollarBEIJING, June 3: The Chinese currency, the yuan, rose to a fresh high against the US dollar today, with the central parity rate at 6.9295 yuan to one dollar. The yuan, also known...

ADB to invest $1b annually for 'clean energy' in Asia

MANILA, June 3 (AFP): The Asian Development Bank (ADB) is to invest one billion dollars annually in "clean energy" projects as part of an effort to encourage their use, the Manila-based bank said today.ADB vice-president for sustainable development Ursula Schafer-Preuss...

Food summit blames trade barriers for high prices

ROME (Reuters) - The United Nations urged a summit on the global food crisis on Tuesday to help stop the spread of starvation threatening nearly 1.0 billion people by lowering trade barriers and removing export bans."Nothing is more degrading than...