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Dhaka stocks tumble

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

Dhaka stocks tumbled Monday, triggered by sharp fall in share prices of the AB Bank, the market heavyweight company that was ex-dividend.The benchmark Dhaka Stock Exchange (DSE) General Index (DGEN) sank more than 88 points on the day, the highest...

Trust the development experts - all seven billion of them

2008-06-03 00:00:00

William Easterly, FT Syndication ServiceThe report of the World Bank Growth Commission, led by Nobel laureate Michael Spence, was published late last month. After two years of work by the commission of 21 world leaders and experts, an 11- member...

One more co opts for GP business solutions

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

Grameenphone (GP) Limited recently signed an agreement with Nam Dhari Malik Seeds Pvt Limited to provide complete communication facilities under its Business Solutions package.Nam Dhari Malik Seeds Managing Director AR Malik and GP Additional General Manager Sajjad Alam signed the...

Safety on the railways

2008-06-03 00:00:00

TEN people were injured last Tuesday as two compartments of a passenger train derailed near Rohanpur at Chapainawabganj. Only a day later last Wednesday, four bogies of a Bhairab-bound passenger train derailed injuring 25 people. Twelve passengers of Chittagong- bound...

Gono Forum suggests Mandela-model govt

2008-06-03 00:00:00

Gono Forum President Kamal Hossain Monday suggested establishment of a government of national consensus after the general elections following the model of South Africa's anti-apartheid leader Nelson Mandela, report agencies.Dr Kamal placed a package of proposals including the post-election government...

sports digest

2008-06-03 00:00:00

Olympic torch burns brightly in JingzhouJINGZHOU, Central China, June 2: The Beijing Olympic torch relay started its Jingzhou leg on the middle reaches of the Yangtze River Monday, the last segment in central China's Hubei province. The 18.6-kilometer relay of...

Japan may export rice to Sri Lanka

2008-06-03 00:00:00

TOKYO, June 2 (AFP): Japan is mulling a request from Sri Lanka to export up to 200,000 tonnes of its imported rice supplies to help Colombo ease acute food shortages, a Japanese foreign ministry official said Monday."We are considering their...

One killed, 50 hurt in hotel explosions

2008-06-03 00:00:00

A housekeeping supervisor of Hotel Orchard Plaza was killed in Sunday night's serial explosions that also left around 50 other people wounded, including a few foreigners, reports UNB.Police said Ali Azam, 42, a housekeeping supervisor of the hotel at Naya...

Clinton seeks to go after Obama superdelegates

2008-06-03 00:00:00

RAPID CITY, June 2 (Agencies): As Barack Obama turns to concentrate on his general election challenge, his rival Hillary Rodham Clinton is mounting a last ditch campaign to stay relevant in what is left of the Democratic presidential contest. The...

Business Books: the good, the bad and the cheesy

John Kay | 2008-06-03 00:00:00

THE Financial Times, with Goldman Sachs, has recently launched its annual business book competition. So the editor raised the question: what makes a good business book?A good book should not be confused with a best-seller. Who Moved My Cheese? by...

Farmers' market launched in C'nawabganj

2008-06-03 00:00:00

CHAPAINAWABGANJ, June 2 (UNB): A market for farmers has been launched for the first time at Hossaindanga in Sadar Upazila for ensuring fair price of their products.GOC of 11 Infantry Division and area commander of Bogra region M Shamim Chowdhury...

Chinese reap biggest Kyoto rewards

Fiona Harvey | 2008-06-03 00:00:00

FT Syndication ServiceLONDON: China has been by far the biggest winner from the Kyoto protocol, receiving tens of billions of dollars in investment to finance low-carbon technology.Last year, 73 per cent of carbon credit projects certified by the United Nations...

Dementieva reaches French Open quarterfinals

2008-06-03 00:00:00

PARIS, June 2 (AP): Elena Dementieva advanced Monday to the French Open quarterfinals, winning five consecutive games to start the final set and beating fellow Russian Vera Zvonareva 6-4, 1-6, 6-2.For the No. 7-seeded Dementieva, it's the best showing at...

'Varsity student killed in road accident in Ctg

2008-06-03 00:00:00

CHITTAGONG, June 2 (UNB): A student of Premier University was crushed under the wheels of a human hauler at Chandgaon in the city Monday.Police said Muntasir Khan, a BBA 4th semester student of the 'varsity, died on the spot when...

It's interference in our internal affairs: MoFA

2008-06-03 00:00:00

The Ministry of Foreign Affairs (MoFA) took exception to recent statements by foreign missions in Dhaka that "may construe as interference in internal affairs of Bangladesh", reports UNB.A spokesman for the Foreign Ministry said that there had been some recent...

Establishment of securities institute demanded

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

Chittagong Stock Exchange (CSE) President Nasir Uddin Ahmed Chowdhury has urged the Securities and Exchange Commission for immediate implementation of a long cherished demand for a securities institute in the country.He made the call while speaking as the chief guest...

Gen Moeen calls on President

2008-06-03 00:00:00

Chief of Army Staff Moeen U Ahmed called on President Iajuddin Ahmed at Bangabhaban Monday, reports UNB.During the meeting, the army chief apprised the President of the on-going development activities undertaken by the Bangladesh Army.President Iajuddin expre-ssed his satisfaction at...

BB chief suggests preparing 2nd PRSP with inputs from election manifestoes

2008-06-03 00:00:00

Bangladesh Bank Governor Dr Salehuddin Ahmed Monday recommended preparing the second PRSP taking inputs from the election manifestoes of the political parties as the election is due in next six months, reports UNB."It would have been best and easy preparing...

Shorter monsoon will be favourable for Aman crop

Shakhawat Hossain | 2008-06-03 00:00:00

The annual monsoon that will set all over the country late this month will be shorter and favourable for cultivation of major Aman crop, said a weather expert."The monsoon will be fully active from the third week of this month,"...

Huge quantity of sugar unsold at Joypurhat mill

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

JOYPURHAT, June 2: A huge amount of sugar is remaining unsold in Joypurhat Sugar Mill.The mill produced more than 11 thousand tonnes of sugar by crushing over 165 thousand tonnes of sugarcane after starting production on November 23 last year.Of...

Govt to take actions against garment owners from Aug 1

2008-06-03 00:00:00

The government will take actions from August 1 this year against the garment factory owners who will fail to implement various compliance issues like ensuring minimum wage and introduction of identity cards, appointment letters, regular payroll and service book, reports...

14 Rajakars sued for killing FFs in Bagerhat

2008-06-03 00:00:00

BAGERHAT, June 2 (UNB): A case was filed against 14 Rajakars (collaborators) on charge of killing two freedom fighters (FFs) during the Liberation War in 1971.Valiant freedom fighter and general secretary of district BNP Shamsul Alam Talukder filed the case...

Malaysian firm registers 'Ponni' rice trademark

2008-06-03 00:00:00

KUALA LUMPUR, June 2 (PTI): Malaysia has granted trademark rights of a popular non-Basmati rice variety grown in south India to a local trading firm, reminiscent of the US issuing patent on Basmati to RiceTec in 1997.Syarikat Faiza Sdn Bhd,...

corporatewatch

2008-06-03 00:00:00

Rupali Bank recommends no dividendThe board of directors of Rupali Bank Limited (halted) has recommended no dividend for the year that ended on December 31, '07. The annual general meeting (AGM) of the bank will be held at 11am on...

Space shuttle closes in on space station

2008-06-03 00:00:00

HOUSTON, June 2 (Agencies): Shuttle Discovery closed in on the international space station early Monday with a super-size delivery: a scientific lab that's as big as a school bus and a toilet pump. The space shuttle and its seven astronauts...

King agrees to go, says Nepali home minister

2008-06-03 00:00:00

KATHMANDU, June 2 (AFP): Nepal's ex-king has agreed to quit his palace before a June 12 deadline and live as a commoner in line with a constituent assembly's vote to scrap the monarchy, the home minister said Monday."He said he...

Naval port is focus of rising tension between Moscow and Kiev

2008-06-03 00:00:00

Stefan Wagstyl and Roman Olearchyk"THERE'S one," says Gennady Basov, pointing to a Russian flag on a car aerial in the Black Sea naval port of Sevastopol. "There's another, and another."It could be A children's game. But MT Basov is 37...

Heavy rains sweep city intermittently

2008-06-03 00:00:00

A long spell of pre-monsoon shower pounded the city Monday, throwing the normal life in a terrible mess as many roads went under knee-deep rainwater, reports UNB.Heavy rains swept the city intermittently throughout the day, causing immense trouble to the...

Suicide blast kills 6 at Danish mission in Pakistan

2008-06-03 00:00:00

ISLAMABAD, June 02 (Reuters): A suspected suicide bomber blew up a car outside the Danish embassy in the Pakistani capital Monday killing six people and wounding about 20, police and hospital officials said.The blast will raise fresh questions about the...

DBTI holds training course on business communication

2008-06-03 00:00:00

A three-day training course on "Effective Business Communication and Interpersonal Skill" was held at the Dhaka Bank Training Institute (DBTI) in the city recently.A total of 24 officers from different branches of Dhaka Bank Limited took part in the training...