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ICT advancement 'a must to develop SMEs'

2007-12-12 00:00:00

FE Report Bangladesh will need to make advancement in information and communication technology (ICT) to hasten development of its potential sectors, including small and medium enterprises (SMEs). "We need to think about how to create opportunities and build our capacity...

BB body to suggest actions against banks

2007-12-12 00:00:00

FE Report Murshid Kuli Khan, the newly appointed Deputy Governor of the central bank, has been made chairman of the Bangladesh Bank Standing Committee, official sources said. The committee has been formed to recommend removal of directors, chairmen, managing directors...

Journalists’ work abstention today

2007-12-12 00:00:00

Sangbadik-Sramik-Karmachary Oikya Parishad (SSKOP) has called for four-hour work abstention today (Wednesday) protesting the 6th Wage Board award that curtailed existing facilities, reports UNB.It has asked the newsmen, workers and employees of all newspapers and news agencies to assemble in...

Court indicts DU teachers, students

2007-12-12 00:00:00

The CMM court Tuesday indicted 4 teachers and 19 students of Dhaka University on charge of provoking and creating August 20-22 unrest in the campus violating the emergency rules, reports UNB.Prof Harun-or-Rashid, Prof Anwar Hossain, Prof Sadrul Amin and Prof...

High time to finalise coal policy

2007-12-11 00:00:00

THE coal policy review committee formed in the middle part of this year in the wake of public commotion at Phulbari has finalised its recommendations on a number of contentious issues, including coal export, foreign investors' involvement and mining method....

Forex market intervention may backfire

2007-12-11 00:00:00

MA TaslimAN idea that has been floating around in public discourse for some time is that an appreciation of the domestic currency could reduce inflation. This suggestion seems to have attracted the imagination of the policymakers who are at their...

The Middle East must loosen its ties to the dollar

2007-12-11 00:00:00

Gerard LyonsA seismic shift may soon be under way in foreign exchange policy in the Middle East. Immediate attention is on the Gulf countries, led by Saudi Arabia, with a peg to the dollar. Policymakers are now debating whether they...

Insurance sector's development potentials

2007-12-11 00:00:00

Khawaja MainuddinMANY insurance companies are operating in Bangladesh. But the overall insurance business has not yet expanded much. The existing companies need to operate efficiently and ethically to create confidence on insurance business. They need to take effective steps to...

Refund of tax deducted from savings tools

2007-12-11 00:00:00

THERE is hardly the need to mention that the decision to impose a 10 per cent tax on government-operated savings certificate schemes was a harsh one. The millions of small savers were affected this or that way by it. The...

University teachers

2007-12-11 00:00:00

A good number of public university teachers either have been staying abroad without authorisation or are found to be too dedicated to their assignments at private universities and various consultancies at the cost of their regular jobs. The picture is...

List of willing US allies shrinks steadily in Iraq

2007-12-11 00:00:00

Joshua PartlowThe commander of the Kazakh soldiers in Iraq, all 29 of them, keeps a stack of English-language instruction books on his desk inside Forward Operating Base Delta. He already speaks Russian, Turkish and Kazakh, and after English, he plans...

After China, Vietnam will be world's factory

2007-12-11 00:00:00

Andy MukherjeeThe 4.0 million motorcycles on the streets of Ho Chi Minh City offer a remarkable -- if somewhat noisy -- testimony to the prosperity that beckons Vietnam. A $900 Honda may not be everyone's idea of affluence. However, it...

Dollar down so long looks like it's going up

2007-12-11 00:00:00

Michael R. SesitJust when bellyaching about the weak dollar is reaching a crescendo, the U.S. currency is showing signs of redemption. To be sure, the dollar isn't about to perform as if it suddenly received a dose of Viagra, and...

Oprah trumps Britney on the campaign trail

2007-12-11 00:00:00

Margaret CarlsonIf Mary Ann told you to go jump in the lake, would you do it? That's the question my mother often asked when I cited a child more popular than I was to garner her support for a dubious...

Asks youths to take part in nation-building works

2007-12-11 00:00:00

SAVAR, Dec 10 (UNB): Chief Adviser (CA) Dr Fakhruddin Ahmed urged the youths of SAARC countries today to actively participate in nation-building and regional development activities."On our part we remain committed to building partnership with you in activities relevant to...

Chief Justice calls on President

2007-12-11 00:00:00

Chief Justice Mohammad Ruhul Amin called on President Prof Dr Iajuddin Ahmed at Ban-gabhaban Monday, reports UNB. During the meeting, the Chief Justice informed the President of various activities of the judiciary, particularly after its separation from the executive.The President...

Hamidur's remains reach Dhaka today

2007-12-11 00:00:00

The remains of liberation war hero Hamidur Rahman will be flown in Dhaka by helicopter today (Tuesday) afternoon for a ceremonial burial, after an overnight stay at Comilla Cantonment. The remains of liberation war hero Hamidur Rahman reached Comilla town...

Work on voters'list begins in Bandarban

2007-12-11 00:00:00

BANDARBAN, Dec 10 (UNB): Work on preparing voters' list and national identity (ID) card began in Thansi Upazila here Sunday.Thirty-six supervisors, four assistant registration officers and 75 data collectors started visiting door-to-door to collect data about the voters.Taking photographs of...

China tells US not to politicise trade rows

2007-12-11 00:00:00

BEIJING, Dec 10 (Reuters): The United States should resolve trade rows with China through dialogue on an equal footing and should not politicise them, a senior commerce ministry official said in remarks published today. The warning by Chen Deming came...

S America launches bank rival to WB, IMF

2007-12-11 00:00:00

BUENOS AIRES, Dec 10 (AFP): Six South American presidents yesterday launched the Bank of the South, the region's answer to the World Bank and the International Monetary Fund as a source for development funds. Presidents Nestor Kirchner, of Argentina, Luiz...

International debt issuance hit by market turmoil: BIS

2007-12-11 00:00:00

BASEL, Switzerland, Dec 10 (AFP): Turbulence in global financial markets caused a sharp drop in the number of international debt securities issued in the third quarter, the Bank for International Settlements (BIS) said. Bonds and notes worth 396 billion dollars...

Anger over EU trade deals should be 'wake-up call': Oxfam

2007-12-11 00:00:00

LONDON, Dec 10 (AFP): Disappointment and anger from African leaders over trade deals with the European Union should serve as a "wake-up call" for the bloc's leaders, Oxfam said yesterday. European leaders admitted earlier that negotiations over so-called Economic Partership...

Made-in-China goods add colour, wealth to Britain

2007-12-11 00:00:00

LONDON, Dec 10 (Xinhua): "It's so cute, could you please buy me that monkey hat?" At the Christmas market at the foot of Edinburgh Monument in Edinburgh, the capital city of Scotland, two little sisters were attracted by the colourful...

Vietnam to build more industrial parks

2007-12-11 00:00:00

HANOI, Dec 10 (Xinhua): Vietnam will establish and expand 22 industrial parks next year, covering 4,500 hectares, local newspaper Vietnam Investment Review reported today. Vietnam will build 109 new industrial parks and expand 30 existing ones by 2015, the paper...

Indian firms net $20b on US bourses in 2007

2007-12-11 00:00:00

NEW YORK, Dec 10 (PTI): Indian firms listed in the US have a reason to smile - their total market value has grown by close to USD 20 billion since the beginning of 2007, despite a sluggish trend prevailing in...

Bank Indonesia upbeat on 2008 balance of payments

2007-12-11 00:00:00

JAKARTA, Dec 10 (AFP): Indonesia's balance of payments surplus is projected to rise 15 per cent next year to 15.6 billion US dollars, led by foreign direct investment, the central bank said today. For 2007, the balance of payments surplus...

Iran, China's Sinopec sign oil-field deal

2007-12-11 00:00:00

TEHRAN, Dec 10 (Reuters): Iran said China's Sinopec would invest around $2 billion under a deal signed yesterday to develop the huge Yadavaran oil field, the kind of energy deal the United States has been trying to prevent. Sinopec Group...

Shell, Gazprom, Sonatrach and Polski win Libyan gas contracts

2007-12-11 00:00:00

TRIPOLI, Dec 10 (AFP): Libya yesterday awarded four potentially lucrative gas exploration contracts to fuel giants Shell, Gazprom, Sonatrach and Polski, the first ever given to foreign firms as relations warm between Tripoli and the West. The biggest award went...

Oil trades lower in year-end cooling off

2007-12-11 00:00:00

SINGAPORE, Dec 10 (AFP): World oil traded lower in Asia today as the market entered a traditional year-end cooling off period and concerns persisted over slower US economic growth, dealers said. In morning trade, New York's main oil futures contract,...

Dollar steady in Asia

2007-12-11 00:00:00

TOKYO, Dec 10 (AFP): The dollar was steady in Asian trade today as traders sat on their hands on the eve of a key US interest rate decision, dealers said. The dollar was at 111.66 yen in Tokyo afternoon trade...