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A third, much smaller stock market still struggling to find role

Andrew Wood | 2008-06-08 00:00:00

One country. Two systems. Three stock markets. Hong Kong and Shanghai dominate the market headlines about share trading in China but there is a third, much smaller, exchange in the country - Shenzhen.In spite of pioneering share trading as long...

US envoy visits Ctg garment factory

Our Correspondent | 2008-06-08 00:00:00

CHITTAGONG, June 07: With a view to ascertaining opinions on formation of trade union, Referendum-2008 was held at Familytex (BD) Limited, a one hundred per cent export-oriented joint venture garments factory at Chittagong Export Processing Zone (CEPZ) Monday.US Ambassador in...

Greenback weak against BDT

Sarwar Zahan | 2008-06-08 00:00:00

US dollar appeared weak against Bangladesh taka (BDT) in the inter-bank foreign exchange market last week because of lower demand for the greenback, fund managers said.The demand for the greenback was lower due to moderate import payment obligations, they said.The...

Bangladesh face Sri Lanka in 3rd match today

2008-06-08 00:00:00

Bangladesh face hosts Sri Lanka in their 3rd Group B do or die match of the 5th SAFF Championship at the Sugathadasa Stadium in Colombo today (Sunday), reports UNB.The match will kick off at 8:30 pm.In the Sunday's other Group...

Germany midfielder has important role next to Ballack at Euro 2008

2008-06-08 00:00:00

TENERO, June 7 (AP): Somewhere, possibly in his basement, Torsten Frings has his souvenir from the 2006 World Cup - provided the family dog has left some of it.Frings took home the ball used for the opening game of the...

Govt policy on land prices and relevant issues

2008-06-08 00:00:00

In a country with one of the lowest land-man ratio, it is quite natural for its people to consider land more precious than gold. The prices of gold which has been on the rise in recent years might start declining...

Amendment of 'mutual fund rules' to inject huge funds in stock market

Raihan M Chowdhury | 2008-06-08 00:00:00

The Securities and Exchange Commission (SEC) has approved the amendment of 'mutual fund rules' so that the sizeable pension and gratuity funds, which mostly remains idle, can be invested in the form of mutual funds in the country's stock market."The...

Nearly 17,000 suspects held in 10 days

2008-06-08 00:00:00

Nearly 17,000 people, including political workers, have been held in the last 10 days since the joint forces launched a countrywide special operation on May 28 midnight, reports UNB.Police Head Quarters sources told the news agency some 16,916 people were...

Emirates receives first A380 on July 28

2008-06-08 00:00:00

Emirates Airline will receive the first of its 58 A380 aircraft on order from Airbus' Hamburg facility on July 28.This was disclosed in Dubai Thursday, said a press release.All the A380s feature its ultra long-haul configuration of 489 seats --...

Water drains from earthquake-formed lake in China

2008-06-08 00:00:00

TAOHUA MOUNTAIN, (China), June 7 (Agencies): Water began flowing into a spillway Saturday from a swollen lake formed by a landslide in China's devastating earthquake, easing the immediate threat of a flood that had led to the evacuation of more...

US urges subsidy cuts, not regulation, to tame oil

2008-06-08 00:00:00

AOMORI, (Japan), June 07 (Reuters): Energy Secretary Sam Bodman called Saturday for more countries to scrap fuel price subsidies that stoke oil demand, adding that more regulation of energy markets was not the solution to record prices.Bodman's comments came just...

Pakistan officially asks UN to probe Bhutto slaying

2008-06-08 00:00:00

UNITED NATIONS, June 7 (AFP): Pakistan's new government has officially asked the United Nations to investigate the assassination of Benazir Bhutto last December, UN spokeswoman Michele Montas said Friday.She said the request was contained in a letter from Pakistani Foreign...

TV channels urged to help flourish national culture fully

2008-06-08 00:00:00

Cultural Affairs Adviser Rasheda K Choudhury Saturday urged TV channels to help national culture flourish fully to resist the aggression of satellite culture, reports BSS."Present national culture before the new generation and provide opportunities to groom the disadvantaged but talented...

Reliance Insurance approves 20pc stock dividend

FE Report | 2008-06-08 00:00:00

Reliance Insurance Limited Saturday approved 20 per cent stock dividend for the year 2007.The approval came in the 20th annual general meeting of the company held at Bangladesh-China Friendship Conference Centre in the city on the day.Reliance Insurance Vice Chairman...

Body formed to examine facts

2008-06-08 00:00:00

A fact-finding committee has been formed to examine the contents of a book titled 'Costume in Islam: Initial Sources and Terms' by Prof Hassanuzzaman Chowdhury, a teacher of Dhaka University's (DU's) Political Science Department, reports UNB.The committee constituted by the...

No alternative to subsidies

2008-06-08 00:00:00

A committee formed by the government recommended automatic readjustment of domestic oil prices with international market prices. But opting for this course could be fraught with great dangers for the macro-economy. Budget deficit sought to be reduced by such a...

Mother of Abdul Awal Mintoo passes away

2008-06-08 00:00:00

Badrennesa, mother of former FBCCI president Abdul Awal Mintoo, died of old age ailments at Mintoo's Gulshan residence at about 5.30 am Saturday. She was 79.She left behind six sons, including Mintoo, and a host of relatives and well-wishers to...

Toyota to begin hybrid output in Australia, Thailand

2008-06-08 00:00:00

TOKYO, Jun 7 (AFP): Toyota Motor Corporation is set to start producing hybrid cars in Australia and Thailand amid growing demand for the fuel-efficient vehicles in the wake of record high oil prices, a newspaper said Saturday.The Japanese auto giant...

Delwar speaks of Khaleda's release as Hannan against sending her abroad

2008-06-08 00:00:00

BNP secretary general Khandaker Delwar Hossain Sunday said the main target of his party leaders and workers is to free former Primer Minister Khaleda Zia while BNP chairperson's adviser Brig Gen (retd) Hannan Shah said his party's detained chief Khaleda...

Road accident kills Bangladeshi in US

2008-06-08 00:00:00

Babar Zaman, a young Bangladeshi working in Dallas, United States died in a tragic road accident on May 31, 2008 (Innalillahe Wa Inna Ilaihe Rajeun), said a press release.He was serving there as the corporate manager of FedEx Kinko's.Babar Zaman...

news digest

Five missing European | 2008-06-08 00:00:00

divers found in IndonesiaKUPANG, (Indonesia), June 7: AFP) - Five European divers missing for two days were found drifting in Indonesian waters Saturday after fishermen joined the search off remote islands east of Bali, police said. "We found them safe...

1.5 million survivors in Myanmar without shelter

2008-06-08 00:00:00

YANGON, (Myanmar), June 7 (Agencies): A severe shortage of housing has left hundreds of thousands of cyclone survivors in Myanmar exposed to heavy rain as the monsoon season begins, aid agencies said Saturday.The United Nations and the International Federation of...

Yahoo sees rapid emerging market ad growth

Jennifer Tan | 2008-06-08 00:00:00

Internet media firm Yahoo Inc expects to increase its online advertising revenues in emerging markets above the industry's 30 per cent growth rate over the next three years, an executive told Reuters on Tuesday.Online advertising revenues in emerging markets are...

Nepal urged to end attacks on Bhutanese refugees

2008-06-08 00:00:00

KATHMANDU, June 7 (Reuters): Seven Western governments have expressed "deep concern" over violent attacks on exiled Bhutanese seeking resettlement and aid workers assisting them, urging Nepal to stop the attackers.Several countries this year began resettling some of the 107,000 Bhutanese...

Obama meets Clinton in private

2008-06-07 00:00:00

WASHINGTON, June 6 (Reuters): Likely US Democratic presidential nominee Barack Obama met privately with former rival Hillary Clinton Thursday as the party sought to unite for the general election campaign after a long nomination battle."Senator Clinton and Senator Obama met...

Robbery at N'ganj : cash, valuables worth Tk 0.5m looted

2008-06-07 00:00:00

NARAYANGANJ, June 6 (UNB): Robbers looted valuables worth Tk 0.5 million (5.0 lakh) from the house of a businessman in the town early Wednesday.Local people said a gang of dacoits stormed into the house of businessman Alamgir Hossain at Sitalakkhya...

news digest

Israeli and Palestinian girl | 2008-06-07 00:00:00

killed in Gaza attacksISRAEL, June 6: An Israeli worker was killed in a mortar attack by Gaza militants Thursday, triggering air raids on the impoverished territory that left a four-year-old girl dead and at least 10 other Palestinians injured. The...

A different refuge for street kids

Gong Yidong | 2008-06-07 00:00:00

When Chengcheng (9) bid farewell to the Baoji Street Children Relief and Protection Centre (BSCRPC) in February 2005, his guardians at the centre were sure of the orphan's readiness to face a new life. Chengcheng will go to a welfare...

Dialogue with political parties progressing

2008-06-07 00:00:00

Foreign Adviser Iftekhar Ahmed Chowdhury has said the current dialogue with the political parties is progressing satisfactorily, reports bdnews24.com.He expressed the hope that the process of dialogue would be successful with the participation of all concerned.While inaugurating a Lions Clubs...

700 bottles of Phensidyl seized

2008-06-07 00:00:00

SATKHIRA, June 6 (UNB): Some 700 bottles of Phensidyl syrup were recovered in Boyarkhola area of Sadar Upazila Wednesday morning.