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sports digest

2008-06-02 00:00:00

Bolt sets 100m world recordNEW YORK, June 1: Jamaica's Usain Bolt set a men's 100m world record of 9.72sec at the Reebok Grand Prix athletics meeting here on Saturday. The 21-year-old broke the previous record of 9.74 set by compatriot...

Usha face jolt in their title chase

2008-06-02 00:00:00

League leaders Usha KC faced a jolt in their title chase in the Green Delta Insurance Premier Division Hockey League with their first defeat, by 2-3 goals to Mohammedan SC, at the Maulana Bhashani National Hockey Stadium in the city...

Streamlining foodgrain procurement

2008-06-02 00:00:00

FOLLOWING every major harvest of foodgrains, the government launches a programme to buy up the marketable surplus from the farmers. The intention, at least on paper, is to reward and provide incentive to the farmers adequately for their produce to...

I don't own shares in fictitious names

FE Report | 2008-06-02 00:00:00

Chairman of ONE Bank Limited Sayeed H Chowdhury denied media reports that he owned shares of the bank in fictitious (benami) names."I did not violate the rules of Bangladesh Bank in holding shares in ONE Bank. The report was fabricated...

Latin America bank acts on food costs

2008-06-02 00:00:00

Richard Lapper, FT Syndication ServiceLONDON: Latin America's most important development institution late last month launched a $500m programme to help deal with rising food prices in the region, amid growing international concern about the potential political impact of price rises...

EC keen to provide support to shipbuilding in Bangladesh

2008-06-02 00:00:00

CHITTAGONG, June 1 (UNB): The European Commi-ssion (EC) has shown keen interest to provide support to the shipbuilding companies in Bangladesh to gain a strong foothold in shipbuilding market globally."Shipbuilding industry has potential to earn billions and to bring benefits...

news digest

2008-06-02 00:00:00

Fighting kills 13 in Sri Lanka: militaryCOLOMBO, June 1: At least nine Tamil Tiger rebels and four government soldiers have died in the latest clashes across Sri Lanka's embattled north, the defence ministry said Sunday. Six Tiger rebels and six...

'Last stand' for Hillary at Democratic meeting

2008-06-01 00:00:00

WASHINGTON, May 31 (AFP): Hillary Clinton Saturday makes a last stand in her ebbing White House bid, as the Democratic Party tries to defuse a unity-sapping row over voided primary votes in Michigan and Florida.The legal wranglings of the Democratic...

Philippine beef, pork price set to rise

2008-06-01 00:00:00

MANILA, May 31 (AFP): Philippine consumers already battling to cope with record rice and fuel prices can expect to pay more for beef and pork, media reports said Saturday.Beef and pork prices have already doubled this year and with rising...

MoneyGram honours NCC Bank

2008-06-01 00:00:00

NCC Bank Limited has been awarded the 'Best Support for Brand Building' by MoneyGram International, an electronic money transfer services.Managing Director of the bank Md Nurul Amin received the award from Vice President (Marketing and Product Development) of the MoneyGram...

Katich anchors Aussies as Ponting joins 10,000-run club

2008-06-01 00:00:00

PARIS, May 31 (AFP): Simon Katich fashioned his third Test hundred and overshadowed the 10,000-run milestone of captain Ricky Ponting to lead a solid Australia batting performance in the second Test against West Indies Friday.Katich was undefeated on 113 as...

Raw jute exported from Mongla port

Our Correspondent | 2008-06-01 00:00:00

KHULNA, May 31: Ship MV Banglar Mamota of Bangladesh Shipping Corporation (BSC) left Mongla port on May 29 after loading 10,041 tonnes of raw jute for Karachi. Earlier, a total quantity of 30,078 tonnes of raw jute was exported to...

Thrust on independent Ombudsman to foster accountable judicial system

FE Report | 2008-06-01 00:00:00

A discussion meeting titled 'Judicial Accountability in Bangladesh: Is Ombudsman an Option?' was organised at city's BRAC Centre recently by Society of Justice (SoJ), a human rights defending organisation.SoJ President Professor Mizanur Rahman presided over the programme. Justice Mohammad Gholam...

1.3 million poised to flee as China drains 'quake lake'

2008-06-01 00:00:00

BEICHUAN, (China), May 31, 2008 (AFP): China was poised Saturday to dynamite a dangerous "quake lake" to drain its waters as 1.3 million people nearby were kept on alert for possible evacuation. Workers set explosives on a dam formed by...

Oil prices dive after recent record soaring

2008-06-01 00:00:00

LONDON, May 31 (AFP): Oil prices sank the past week further from record soaring above 135 dollars a barrel as concerns eased over tight supplies, high demand and as the dollar recovered. Metals slumped in oil's wake, traders said.Oil: The...

Carmichael College reunion-2008

Md. Rahber-E-Alam | 2008-06-01 00:00:00

For a few days there was great excitement in our family, as the reunion of former students of Carmichael College was approaching. Although, I did not give any importance to the matter, but the excitement reached a peak and I...

BTRC sits today to decide fate of unregistered users

FE Report | 2008-06-01 00:00:00

The country's telecom regulatory body is sitting today (Sunday) to determine the fate of those SIM cards that were disconnected due to non-completion of re-registration before the deadline expired, a senior official said Saturday.The deadline for re-registration of the SIM...

BB body for measuring 'core' inflation

FE Report | 2008-06-01 00:00:00

The central bank's policy analysis unit (PAU) has recommended introduction of a method to measure the 'core' inflation, alongside the existing one used for measuring annual average and point-to-point inflation, in order to formulate credible monetary policies and forecast inflation."....it...

Continental Ins board recommends 7.5pc cash dividend

2008-06-01 00:00:00

The board of directors of Continental Insurance Limited has recommended 7.5pc cash dividend for its shareholders for the year that ended on December 31, 2007, said a press release.Continental Insurance Limited Vice Chairman Mohammed Iqbal presided over the meeting.The 8th...

Developing furniture making sector

2008-06-01 00:00:00

Not only the foreign market, the local furniture industry appears to be experiencing rapid growth also in the local markets with its tasteful, durable and innovative products. The upper middle class and the rich are increasingly showing preference for domestically-made...

18 customs officials receive awards

2008-06-01 00:00:00

The National Board of Revenue (NBR) Thursday awarded 18 customs officials of Dhaka Customs House for detecting unauthorised foreign currencies and gold worth over Tk 67.4 million (6.74 crore) during the 2006-07 fiscal year, reports UNB.They were awarded under the...

Myanmar warned over forcing cyclone survivors home

2008-06-01 00:00:00

YANGON, May 31 (Reuters): Myanmar must stop forcing cyclone survivors to return to their shattered homes where they face more misery or even death, rights groups said Saturday, as a US official accused the junta of being "deaf and dumb"...

Only a few Z-category cos recast board of directors

Kayes M Sohel | 2008-06-01 00:00:00

Only a few of the 98 Z-category listed companies complied with a Securities and Exchange Commission's (SEC) directive on recasting their board of directors until Thursday last, the deadline of which expires Tuesday.Mona Food has already reconstituted its board of...

B'desh set to emerge as next global footwear making hub

Mahmuda Shaolin | 2008-06-01 00:00:00

Bangladesh is set to emerge as the next manufacturing hub of global footwear industry as cheap labour coupled with weak currency is prompting top manufacturers to relocate their factories in the country.Officials said in the last two months alone the...

Pepsi launches new promotional campaign to attract youths

FE Report | 2008-06-01 00:00:00

Pepsi, one of the country's popular soft drink brand, recently announced the launch of a unique promotional campaign titled 'Ek Chumukei Pepsi Star'.The campaign, which will target mainly the youths, will help enhance Pepsi's strong youthful pedigree.The 'Ek Chumukei Pepsi...

Matthias Sammer's contract extended

2008-06-01 00:00:00

Frankfurt, MAY 31 (AP): The German soccer federation extended the contract of sports director Matthias Sammer by two years on Saturday.The new deal will keep Sammer with the federation until April 1, 2013. He oversees Germany's youth soccer and the...

Dutch co keen to conduct survey in untapped Bay offshore areas

M Azizur Rahman | 2008-06-01 00:00:00

Netherland-based global natural resources assessment company Fugro has recently shown interest to conduct survey in Bangladesh's untapped offshore areas in the Bay of Bengal to delineate its resource potentials, officials said."Fugro has intended to conduct a non-exclusive seismic survey in...

Spalletti wants two players to launch Roma title bid

2008-06-01 00:00:00

ROME, May 31 (AFP): AS Roma coach Luciano Spalletti said he needs to sign two world class players in order to wrest the Serie A title away from Inter Milan next season.Roma have finished runners-up to Inter the last two...

India's Sterlite to buy Asarco for $2.6b

2008-06-01 00:00:00

NEW DELHI, May 31 (Reuters): India's Sterlite Industries agreed Saturday to buy the operating assets of bankrupt copper miner Asarco for US$2.60 billion, the latest in the series of overseas acquisitions by Indian firms.Tuscon-based Asarco, the third largest copper maker...

Sharapova, Kuznetsova reach last 16 at French Open

2008-06-01 00:00:00

PARIS, May 31 (AFP): Top seed Maria Sharapova and Russian fourth seed Svetlana Kuznetsova strolled into the fourth round of the French Open Saturday.Maria Sharapova reached the last 16 of the French Open Saturday by defeating Karin Knapp of Italy...