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7-day ultimatum for release of held DU teachers, students

2008-01-01 00:00:00

Dhaka University (DU) teachers Monday gave the government until January 7 to release its teachers and students arrested following the August 20-22 student violence on and around the campus, reports UNB.They threatened to go for a greater movement if their...

Pakistan violence threatens to undo growth

2008-01-01 00:00:00

Farhan Bokhari, FT Syndication ServiceISLAMABAD: Pakistan's business community is braced for a period of instability in the wake of the assassination of Benazir Bhutto, fearing wide-ranging consequences for an economy that had recently emerged as a promising investment destination. In...

Prices rise by 45pc in 2007

2008-01-01 00:00:00

Naim-Ul-KarimPrices of essentials including rice, flour, edible oil, onion and milk in 2007 increased by about 45 per cent on an average over that of 2006.According to statistics of the Price Monitoring and Market Study Cell of the state agency...

B’deshi army officer drowns in Liberia

2008-01-01 00:00:00

A Bangladeshi army officer of the UN peacekeeping mission in Liberia was feared drowned in the Atlantic Ocean in Monrovia sea-beach Sunday. Captain Md Rajibul Kabir went missing while swimming in the sea, said an ISPR press release Monday. Rescue...

Prices unlikely to come down in 2008, says BB governor

2008-01-01 00:00:00

Bangladesh Bank (BB) would focus on keeping the prices of essentials in the New Year 2008 at a level commensurate with the commoners' income, particularly with that of the rural people, report agencies."The extent of inflation is higher than the...

Pak EC wants to delay elections

2008-01-01 00:00:00

ISLAMABAD, Dec 31 (Agencies): Elections in Pakistan appear likely to be delayed by several weeks, despite demands by the main two opposition parties that they take place as scheduled January 8, officials said Monday.The political developments came hours after dramatic...

Procrastination in tenders main reason behind poor ADP implementation

2008-01-01 00:00:00

FE ReportFinance and Planning Adviser Mirza Azizul Islam Monday said procrastination in tender process was the main reason behind poor implementation of the annual development programme (ADP) of the current fiscal.However, the processing of tenders by different ministries has been...

BIMSTEC members fail to strike trade deal by Dec

2008-01-01 00:00:00

A Z M AnasMembers of BIMSTEC have failed to wrap up negotiations on a free trade deal by December as the latest round of talks, slated for November 12-16, was postponed.At the behest of Dhaka, the 16th meeting of trade...

NBR, BPC given 2 weeks to settle disputes over payment of duty

2008-01-01 00:00:00

FE ReportAn inter-ministerial meeting has asked the National Board of Revenue (NBR) and Bangladesh Petroleum Corporation (BPC) to settle their differences over the payment of customs duty on imported petroleum products facilitating adjustment of BPC's arrear fuel oil bills with...

RAB parades 2 Vishnu 'thieves' before media

2008-01-01 00:00:00

The Rapid Action Battalion (RAB) Monday paraded two suspected smugglers before reporters, a day after they were arrested with ties to the theft of two Vishnu statues, reports bdnews24.com. Md Abbas Ali (45) and his accomplice Md Nasir Uddin (35),...

Justice KM Sobhan expires

2008-01-01 00:00:00

Former Supreme Court justice KM Sobhan died of cardiac arrest in a city hospital Monday. He was 84, reports bdnews24.com.Justice Sobhan collapsed with chest pains after he went out for an afternoon walk at the Ramna Park, his family said.People...

Attracting NRB resources and expertise

2007-12-31 00:00:00

IN some developing countries, the non-residents in the population who live and work abroad, are cultivated for their resources. The expatriates are regarded and sought after as sources of funds in foreign currencies to undertake economic activities in their countries...

Robbing the robbers for survival

2007-12-31 00:00:00

Shamsul Huq Zahid Big rats that are locally called dhari indurs steal ripe paddy and store the same in underground holes as their food. The agriculture department does have an estimate on the annual loss of food grains loss due...

This was the year the coyote looked down

2007-12-31 00:00:00

John Authers FOR China, an ever more imposing presence in the world, 2007 was the Year of the Pig. For the markets, it was the Year of the Coyote.Recall that Wile E. Coyote, in the old Roadrunner cartoons, can run...

Policy supports for RMG sector

2007-12-31 00:00:00

Anisul IslamPRESENTLY, the problems of the RMG sector are looked into and responded, if any, by the Ministry of Jute and Textiles, if not that of Industries. The RMG industries are but only a part of the concern of this...

Business confidence

2007-12-31 00:00:00

IT is very important to understand that on proper functioning of existing businesses and creation of new ones also depend the bread and butter issues of people. The full functioning and growth of trade, industries and services not only provide...

Power sector deserves highest priority

2007-12-31 00:00:00

A large number of industries of different types in Bangladesh have become heavily dependent on generators, unlike the case in India, Thailand and China. Thus, from having to produce their own power expensively, Bangladeshi industries have seriously eroded their competitiveness....

Making Biman operationally effective

2007-12-31 00:00:00

BANGLADESH Biman, the national airline and flag carrier of the country round the world, appears to be in dire straits to keep itself from sinking into a state of complete loss of viability. Biman's annual losses continue to hit record.The...

Beneficiary of Benazir's death: who?

2007-12-31 00:00:00

Maswood Alam KhanWHILE playing chess one must remember three golden rules: Foresight -- to look into futurity and consider the consequences that may attend an action; Circumspection -- to survey the whole chessboard, the scene of action, the relationship between...

The spirit of independence and the new generations

2007-12-31 00:00:00

Md. Anwarul KabirOn special days like our victory or independence day, repeated lamentations on erosion of the spirit of independence since the post-Mujib era, in fact, is a cliché. To the new generations, especially to many members of the post-liberation...

A physicist's theory of the transatlantic relationship

2007-12-31 00:00:00

Philip StephensI heard a nice story the other day about Albert Einstein. One summer his students complained about their examination paper. The problems they had been asked to solve, they protested, were precisely the same as the ones he had...

Japan's economy licks self-inflicted wounds

2007-12-31 00:00:00

TOKYO, Dec 30 (AFP): Never mind the US subprime loan crisis, the main cause of Japan's lacklustre economic performance this year is entirely self-inflicted, according to analysts. While investors are crying out for less red tape, efforts by Japan's government...

Myanmar's battered economy groaning under weight of new sanctions

2007-12-31 00:00:00

YANGON, Dec 30 (AFP): Myanmar's already battered economy is groaning under the weight of new sanctions following a crackdown on dissent, business leaders say, fuelling concerns that the hardships could spark more protests. The United States, the European Union and...

Arizona economy bracing for immigration crackdown

2007-12-31 00:00:00

PHOENIX, Arizona, Dec 30 (AFP): New laws targeting employers who hire illegal immigrants take effect here on January 1, with experts predicting the move may cost the state's economy billions of dollars in lost income and taxes. The new laws...

Singapore's state-linked investments circle the globe

2007-12-31 00:00:00

SINGAPORE, Dec 30 (AFP): From banks to telephones, an airline to shopping malls, and semiconductors to airports, the reach of two state-linked investment firms from the city-state of Singapore extends around the world. The normally secretive Temasek Holdings and the...

Brown sees financial turbulence ahead

2007-12-31 00:00:00

LONDON, Dec 30 (Reuters): British Prime Minister Gordon Brown said today his 2008 priority would be dealing with the global credit crunch and steering a stable course through the financial turbulence. "The global credit problem that started in America is...

NYC building workers reach $6.8b contract agrement

2007-12-31 00:00:00

NEW YORK, Dec 30 (AP): Thousands of doormen, elevator operators and building cleaners who had threatened to walk off the job on New Year's Day resolved their contract dispute yesterday by agreeing to a new four-year contract.The $6.8-billion deal will...

Tata set to launch cheapest car

2007-12-31 00:00:00

NEW DELHI, Dec 30 (AFP): India's giant Tata Group plans to launch the world's cheapest car early in January while also looking set to drive off with two of the poshest marques-Ford's iconic Jaguar and Land Rover brands. Ratan Tata,...

Asian currencies higher against dollar

2007-12-31 00:00:00

HONG KONG, Dec 30 (AFP): Asian currencies ended the week higher against the dollar as the assassination of Pakistani opposition leader Benazir Bhutto added to concerns over the health of the US economy. JAPANESE YEN: The Japanese currency shot up...

Spain's real estate sector suffered a hard landing in 2007

2007-12-31 00:00:00

MADRID, Dec 30 (AFP): With sales slumping, prices faltering and property developers despondent, Spain's housing market evidently failed to get the soft landing in 2007 that the government and experts had predicted at the start of year. Some experts are...