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Industries sector registers 5.6pc growth in 7 months

2008-06-03 00:00:00

Country's industries sector registered 5.60 per cent growth in the first seven months of the current fiscal (2007-08) compared to the corresponding period in the previous fiscal.During the first half of the fiscal the sector was affected by sluggish investment...

S Korean groups urge immediate food shipments to North

2008-06-03 00:00:00

SEOUL, June 2 (AFP): Influential South Korean religious and civic group leaders urged their government Monday to send at least 200,000 tonnes of badly needed food aid immediately to North Korea.The 33 organisation heads say hundreds of thousands of North...

China's forex reserves hit $1.76 trillion

2008-06-03 00:00:00

SHANGHAI, June 2 (AFP): China's foreign exchange reserves rose to US$ 1.76 trillion at the end of April, state media reported Monday, reaching a level higher than the rest of Northeast Asia's combined.China's reserves, by far the largest in the...

Probe into causes of money market volatility starts

Siddique Islam | 2008-06-03 00:00:00

The central bank has started investigating the causes of volatility in the country's money market despite a large flow of fresh fund through buying back of government securities and repo auctions, officials said.The Bangladesh Bank (BB) is scrutinising deposit/advance ratio,...

America is unwise to deny Iran's key role in the Gulf

Ethan Chorin | 2008-06-03 00:00:00

OVER lunch late last month in the United Arab Emirates, a friend from the emirate of Sharjah raised Senator Hillary Clinton's proposal to extend a US "nuclear shield" over allies in the Gulf. "A shield?" he exclaimed. "To protect us...

Obituary

2008-06-03 00:00:00

Qazi Faizuddin Ahmed, a social worker and community leader and eldest member of Ratanpur Qazi Bari of Ratanpur under Nabinagar Upazilla of Brahmanbaria, breathed his last at 3:30 pm on 27 May 2008 at his village due to old age...

Why not approve women development policy for implementation?

Muhammad Quamrul Islam | 2008-06-03 00:00:00

A lot has been said in seminars on national women development policy-2008. An impact is awaited. Has it stirred women and men in different strata of society, and helped mobilise public opinion at the grassroots?The rightist parties lost no time...

Habubur, Mamunul elected president, GS of Bailey Square Officers'

2008-06-03 00:00:00

Md Habubur Rahman, senior assistant secretary of Finance Ministry, and Syed Mamunul Alam, senior assistant chief of Local Government Division, have been elected president and general secretary (GS) respectively of Bailey Square Officers' Welfare Association, reports UNB.The election was held...

Asian maritime groups to raise funds

2008-06-03 00:00:00

Song Jung-a in Seoul andRaphael Minderin Hong KongFT Syndication ServiceThe Asian maritime sector is showing signs of renewed listing activity with plans by a leading South Korean ship parts maker to go public in the fourth quarter and the first...

Bangladesh A team likely to leave for Ireland on June 19

2008-06-03 00:00:00

Bangladesh A team is likely to leave here for Ireland on June 19 to play one three-day and two one day matches against Ireland, reports UNB.They then leave Ireland for England on July 3 to play five three-day and three...

Sonali Bank beat Ajax SC by 7-2 goals

2008-06-03 00:00:00

The Club Cup finalists Sonali Bank SRC tasted the first win in their third super league match of the Green Delta Premier Division Hockey League beating Ajax SC by 7-2 goals at Maulana Bhashani Hockey Stadium Monday, reports UNB.With the...

UN food chief seeks tenfold rise in aid

2008-06-03 00:00:00

Javier Blas, FT Syndication ServiceROME: Rich countries must increase their aid to agriculture tenfold to $30bn (

'Let's Build Bangladesh' road show starts journey

2008-06-03 00:00:00

PANCHAGARH, June 2 (UNB): "Let's Build Bangladesh", the government-sponsored road show formally started its journey from the district with five agenda to rejuvenate all classes of people including farmers to boost production and fight out corruption.The road show comprising 15...

Country enters video conferencing age

FE Report | 2008-06-03 00:00:00

Bangladesh Telecommunication Regulatory Commission (BTRC) has allowed the country's corporate entities to use video conferencing facilities on non-commercial basis.In an announcement Monday, BTRC said the facilities can be used for internal usage. However, some terms and conditions must be strictly...

NCCC takes new initiative for better cancer treatment

2008-06-03 00:00:00

National Cancer Control Council (NCCC) has decided to take a new initiative to improve the treatment facilities for cancer patients, reports BSS.Under the initiative, the Institute of Cancer Research and Hospital in Dhaka in cooperation with the Directorate General of...

Macedonian elections marred by violence

2008-06-03 00:00:00

SKOPJE, June 2 (AFP): Macedonians voted Sunday in an election marred by a deadly shootout and reports of intimidation that saw polling suspended in some areas and drew expressions of concern from the European Union.The parliamentary polls -- Macedonia's fifth...

IMF upgrades Eurozone growth forecasts, backs ECB rate policy

2008-06-03 00:00:00

FRANKFURT, June 2 (AFP): The International Monetary Fund (IMF) upgraded today its forecast for Eurozone growth this year and said it agreed with the European Central Bank's policy of keeping interest rates stable at 4.0 per cent.The IMF said it...

Tk 10.4b bank guarantees of importers lying with customs for long

Our Correspondent | 2008-06-03 00:00:00

CHITTAGONG, June 02: Against 12 thousand bank guarantees an amount of Taka 10.40 billion has been lying with Chittagong Customs House (CCH) for a long time due to whimsical attitude of dishonest customs officials.Meanwhile, encashment and return of money has...

Move taken to channel CSR fund to grassroots

FE Report | 2008-06-03 00:00:00

A new initiative to pool corporate CSR funds and channel them to fight poverty has been taken by Management and Resources Development Initiative (MRDI).At the core of the idea is to search across the country to identify unique problems that...

Biofuel production not to blame for food crisis: Brazil

2008-06-03 00:00:00

SAO PAULO, June 2 (AFP): With its prodigious farm exports and its major industry making ethanol from sugarcane, Brazil is seeking to show that in the food versus biofuel debate at least in its case the two can co-exist.President Luiz...

Participation in Shangri-La dialogue raised country's image: Iftekhar

2008-06-03 00:00:00

Foreign Adviser Iftekhar Ahmed Chowdhury said the conference, titled Shangri-La Dialogue, held in Singapore was "fruitful" and Bangladesh's participation enhanced its regional and international image, reports UNB.He made the remarks while talking to the media after returning home from the...

Fire at Universal Studios destroys sets, videos

2008-06-03 00:00:00

UNIVERSAL CITY, California June 2 ( Agencies): One of Hollywood's largest movie studios starred in a disastrous sequel as a fire ripped through a lot at Universal Studios, destroying a set from "Back to the Future," a King Kong exhibit...

Hasina's health condition examined at Square Hospital

2008-06-03 00:00:00

Awami League President Sheikh Hasina was brought to Square Hospital from the makeshift jail Monday afternoon for treatment of her ears and eyes, reports UNB.DIG (Prisons) Shamsul Haider Siddiqui said a four-member panel of specialist physicians examined her ears and...

news digest

Swiss voters reject tougher | 2008-06-03 00:00:00

naturalisation rulesGENEVA, June 2: Swiss voters firmly rejected Sunday a far-right initiative that would have made it even harder for foreigners to become naturalised citizens. Only one of Switzerland's 26 cantons approved the proposal by the nationalist Swiss People's Party...

Lamy says trade deal doable this year

2008-06-03 00:00:00

AREQUIPA, Peru, June 2 (Reuters): World Trade Organisation (WTO) Director-General Pascal Lamy said Sunday developed and developing nations could still wrap up the Doha round of talks on a global trade deal this year."I still believe it's doable this year,"...

Nurul Huda new MD of Ansar-VDP Unnayan Bank

FE Report | 2008-06-03 00:00:00

Md Nurul Huda Chowdhury was appointed, on promotion, managing director of Ansar VDP Unnayan Bank Sunday.Earlier, he was the deputy managing director of Bangladesh Krishi Bank. He started his banking career as probationary officer of Bangladesh Krishi Bank 1997.During his...

Import of iron scraps, old ships made open

Jasim Uddin Haroon | 2008-06-03 00:00:00

The government Monday opened up import of iron scraps and old ships for all through an amendment made to the existing import policy in an effort to reinvigorate the construction sector.The Ministry of Commerce issued a circular relating to the...

HC grants bail to Tofael's wife, daughter in graft case

2008-06-03 00:00:00

The High Court (HC) Monday granted ad-interim anticipatory bail to Awami League (AL) presidium member Tofael Ahmed's wife and daughter in a graft case, filed against the AL leader and his family members, as the two surrendered before the court,...

Hasina questions submission of intelligence report in court

2008-06-03 00:00:00

The court holding trial of ex-Prime Minister Sheikh Hasina in the Mig-29 scam case Monday witnessed a row over the prosecution's disclosure of a defence-secret report, report UNB and bdnews24.com.While proposing charge framing in the case, the Anti-Corruption Commission (ACC)...

Political consensus needed to solve water problem in South Asia

2008-06-03 00:00:00

Speakers at a seminar said that water is a cardinal resource for human stability and prosperity and it should be used as a force for regional integration and not division, said a press release.Bangladesh Water Partnership (BWP) organised the seminar...