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Vietnam's rice field loss threatens food security

2008-03-25 00:00:00

HANOI, March 24 (AFP): Vietnam's rapid industrialisation is threatening the country's food security as rice fields are being lost to development, the agriculture minister has warned, state media reported today. The growth of cities and new industrial parks could mean...

Takaful Islami Ins Shariah Council meet held

2008-03-25 00:00:00

FE ReportThe 7th meeting of the Shariah Council of Takaful Islami Insurance Limited was held in the city recently. The meeting was presided over by Chairman of the company Md Fazle Azim. The meeting elected Kamal Uddin Jafree chairman and...

Billions of electricity dollars evaporated in Nigeria

2008-03-25 00:00:00

LAGOS, March 24 (AFP): Ten billion dollars? Twelve billion? Sixteen billion? The astronomical sums of money bandied around bear no relation to the energy Nigeria produced under former president Olusegun Obasanjo from 1999 to 2007. A parliamentary panel of enquiry...

'Pay day' loans exacerbate US housing crisis

2008-03-25 00:00:00

CLEVELAND, Mar 24 (Reuters): As hundreds of thousands of American home owners fall behind on their mortgage payments, more people are turning to short-term loans with sky-high interest rates just to get by. While hard figures are hard to come...

Japanese executives more gloomy as yen soars

2008-03-25 00:00:00

TOKYO, Mar 24 (AFP): Japanese business confidence slumped to the lowest level in at least four years as executives worried about a stronger yen and uncertainty over the global economy, a survey showed today. Sentiment among large companies dropped to...

S Korea seeks trade zone with Japan, China

2008-03-25 00:00:00

TOKYO, Mar 24 (AFP): South Korea's new president, Lee Myung-Bak, has said he backs a vast free-trade zone with Japan and China to boost the competitiveness of the three economic powers. "A free trade zone may be possible if each...

Higher food, housing costs push up S'pore inflation in February

2008-03-25 00:00:00

SINGAPORE, Mar 24 (AFP): Singapore's inflation rate struck an annual 6.5 per cent in February, pushed up by higher food and housing costs, the government said today. Despite the surge, the government said underlying inflation remained stable and maintained its...

BoI to open branch in Beijing

2008-03-25 00:00:00

BEIJING, Mar 24 (PTI): Bank of India (BoI) plans to convert its representative office here into a full fledged commercial branch by July or August, as it seeks to expand its footprint in Asia, Africa and Europe. The board of...

Army cautions people against frauds over relief distribution

2008-03-25 00:00:00

Following a number of cheating cases over relief and rehabilitation of Sidr victims, the army cautioned local camp authorities and people to remain alert against the frauds, reports UNB."Although proper distribution system is existing in relief and rehabilitation among Sidr...

44th convocation of DU on April 7

2008-03-25 00:00:00

The 44th convocation of Dhaka University (DU) will be held on April 7, reports BSS. President Professor Dr Iajuddin Ahmed, who is also chancellor of the university, is expected to attend the function as the chief guest. Language veteran Abdul...

Newspaper holiday

2008-03-25 00:00:00

Offices of all newspapers and news agencies will remain closed on March 26, on the occasion of Independence and National Day, reports UNB.However, members of Newspapers Owners Association of Bangladesh (NOAB) desirous of brining out their publications may do so...

Dhaka University launches new jobsite

2008-03-25 00:00:00

FE ReportA new jobsite, corejobs-bd.com, with details of career information, has been launched at a function at Dhaka University. On the occasion of the jobsite launch, a two-day job fair was held on the business studies faculty premises during which...

CMJF launched

2008-03-25 00:00:00

FE ReportCapital Market Journalists Forum (CMJF), a platform for improving the skills of capital market reporting, has been launched recently, says a press release Sunday.An executive committee with Ziaur Rahman of Jugantor as president, Fakhrul Islam Haroon of Shomokal as...

Rafiq accorded reception

2008-03-25 00:00:00

FE ReportVeteran photojournalist Rafiqur Rahman was accorded a reception on his receiving Journalist Of The Year 2007 award given by the international news agency Reuters.The reception ceremony was held at the National Press Club in the city Monday. With Bangladesh...

Student missing

2008-03-25 00:00:00

Md Abdullah (10), a student of Hefz Department of Motijheel Colony Jamia Dinia Shamsul Ulum Madrasah in the city, has been missing since last Thursday. He did not return home after going to his Madrasah on the day. Abdullah is...

Death of Shahidul Haque condoled

2008-03-25 00:00:00

FE Report BCS Trade Association president M A Sabur expressed profound shock at the death of Mohammad Shahidul Haque, secretary in-charge of the Ministry of Chittagong Hill Tracts Affairs.In a condolence message, Sabur said Shahidul Haque was a bright star...

Inflation still top worry, says IMF country rep

2008-03-25 00:00:00

Mushir AhmedThe Bangladesh economy has started to recover after a year of woes, but the authorities should check inflation as it might soar further amid a gradual increase in business activities, the IMF representative to Dhaka said Monday.Jonathan Dunn said...

Two more private airlines to go global

2008-03-25 00:00:00

A Z M AnasThe government Monday allowed two more private airlines to fly to lucrative international routes in a major boost to the country's fledgling aviation industry, officials said.Best and United airlines, two private carriers which started operation last year,...

'Economy going through a difficult time'

2008-03-25 00:00:00

FE Report Newly elected FBCCI president Annisul Huq Monday vowed to find a new branding for Bangladesh that would help eliminate its negative image. "We want a new branding for our country which eliminates all negative ideas about Bangladesh and...

ADB ready to help avert vulnerable food situation

2008-03-25 00:00:00

Visiting Asian Development Bank (ADB) director general (DG) for South Asia Kunio Senga Monday assured Bangladesh of any support, if necessary, to tackle the country's vulnerable food situation, reports UNB."We'll closely monitor the situation and would be ready to help...

Dutch Bangla Bank pulls the market down

2008-03-25 00:00:00

FE ReportDhaka stocks dipped Monday due to sharp fall in the ex-dividend share price of Dutch Bangla Bank and partly for price correction.Dominated by losers, the total turnover on the Dhaka Stock Exchange (DSE) also witnessed sharp decline to Tk...

GP fears slower mobile phone growth due to high SIM tax

2008-03-25 00:00:00

M Azizur RahmanThe country's largest mobile phone operator GrameenPhone feared a slower growth as high government taxes on connection and existing tariff rates have become big barriers to expansion into the rural areas, its chief executive said Monday. "The current...

Tax net expansion to get priority in next fiscal

2008-03-25 00:00:00

FE ReportThe National Board of Revenue (NBR) Chairman Muhammad Abdul Mazid said Monday the government is exploring ways to expand tax-net in the next fiscal rather than increasing tax-rate."We have been conducting a series of meetings with the associations and...

SCBA defers polls following 'agreement' with govt

2008-03-25 00:00:00

After an intense behind-the-screen high drama marked by the eleventh hour negotiations between the Law Adviser and the bar leaders at an undisclosed place in Gulshan, election to the Supreme Court Bar Association (SCBA) scheduled for Monday was deferred to...

WFP plea for $500m to avoid food aid cut

2008-03-25 00:00:00

Javier BlasFT Syndication ServiceROME: The World Food Programme has launched an "extraordinary emergency appeal" to governments to donate at least $500m in the next four weeks to avoid rationing food aid in response to the spiralling cost of food.The WFP,...

Gilani named Pak PM

2008-03-25 00:00:00

ISLAMABAD, Mar 24 (Agencies): Pakistan's parliament has elected Benazir Bhutto loyalist Yousaf Raza Gilani as the nation's new prime minister.Gilani was a longtime aide to Bhutto, the slain opposition leader whose party now dominates the legislature after last month's elections.The...

Cold storages still have enough space for potato

2008-03-25 00:00:00

Jasim Uddin Haroon The country's cold storages are operating below their capacity despite bumper production of potato this year, which has surpassed all previous records, cold storages owners said. Harvest of potato is expected at around 5.5 million tonnes this...

CA cuts short his schedule for illness

2008-03-25 00:00:00

Chief Adviser (CA) Fakhruddin Ahmed cut short his day's work schedule Monday and went home, as he felt unwell. The CA's press secretary Syed Fahim Munaim said, "He has caught cold." Fakhruddin Ahmed will join all programmes scheduled for today...

BB, banks to remain closed on March 26

2008-03-25 00:00:00

Bangladesh Bank (BB) and all scheduled banks will remain closed on March 26 (Wednesday), on the occasion of the Independence and National Day, said a BB press release Monday. — FE Report

Peak hour traffic to be eased by restricting train services

2008-03-25 00:00:00

Bangladesh Railway have agreed to restrict train services between Tejgaon and Kamalapur stations during the capital's peak travel hours in a bid to reduce the city's traffic jams. The move follows a recent request from the Dhaka Metropolitan Police to...