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Kaka named FIFA's World Player of the Year

2007-12-19 00:00:00

ZURICH, Dec 18 (Reuters): AC Milan playmaker Kaka added to his remarkable haul of trophies and titles on Monday when he was named FIFA World Player 2007. The 25-year-old Brazilian international beat Barcelona forward Lionel Messi and Manchester United winger...

EXIM Bank Women's Kabaddi League to begin Jan 10

2007-12-19 00:00:00

EXIM Bank Women's Kabaddi League, organised by Bangladesh Kabaddi Federation and sponsored by EXIM Bank, will begin on January 10 at the Outer Stadium Kabaddi court in the city, reports UNB.Six metropolis clubs -- Brothers Union, Azad SC, Dhaka Wanderers,...

Jhalokathi DSA beat Barisal DSA

2007-12-19 00:00:00

JHALOKATHI, Dec 18 (UNB): Hosts Jhalokathi DSA beat Barisal DSA by 58 runs in the Under-14 Cricket Competition at the local Stadium Tuesday, reports UNB.Jhalokathi DSA batted first to score 181 for 8 in 48 overs with Tulon contributing 59...

Finland to extend cooperation to Bangladesh in meteorology

2007-12-19 00:00:00

Finland having world's best expertise in meteorological forecasts would like to cooperate with Bangladesh in enhancing the country's capacity to handle natural disasters, reports UNB.The cooperation was extended Tuesday by Ambassador Asko Numminen of Finland, concurrently accredited to Bangladesh from...

Quamrul Hassan Art School holds prize distribution programme

2007-12-19 00:00:00

FE ReportPatua Quamrul Hassan Art School held a prize distribution ceremony for winners of 'Patua Quamrul Hassan Children's Art Competition' and a discussion on Quamrul Hassan on the occasion of the artist's 86th birth anniversary in the city recently.National Professor...

Linu distributes birth certificates among children

2007-12-19 00:00:00

FE ReportNational table-tennis icon and UNICEF goodwill ambassador Zobera Rahman Linu recently inaugurated a ceremony to distribute birth certificates at Baonia embankment area in the city's Mirpur as the chief guest through handing over 32 certificates to the local underprivileged...

6th solo photo exhibition of Bayazid begins

2007-12-19 00:00:00

FE Report The 6th solo photography exhibition 'The people who forgot crying' of freelance journalist Bayazid Akter began at the Goethe-Institute in the city Monday.The four-day exhibition was inaugurated by Goethe-Institute Bangladesh Director Torsten Oertel. Paul Mettler of University of...

Govt may raise fertiliser subsidy diverting funds from diesel

2007-12-19 00:00:00

Shakhawat HossainThe government, struggling to boost agriculture production against the backdrop of recent crop losses, might enhance subsidy on fertiliser sale by diverting fund kept for subsidising the price of diesel. The caretaker government had allocated Tk 7.5 billion in...

Most PCBs lag behind in providing loans for post-Sidr rehabilitation

2007-12-19 00:00:00

FE Report Most of the country's private commercial banks (PCBs) are lagging behind in disbursing loans to the agriculture sector and small and medium enterprises (SME) in the cyclone Sidr-hit southwestern region.The Bangladesh Bank (BB) Governor Salehuddin Ahmed stated this...

National power grid collapse and 'dove theory'

2007-12-19 00:00:00

Shamsul Huq Zahid Last Saturday's national power grid failure that had come from nowhere at around 11.45 am brought business activities and production in mills and factories to halt for hours together, caused immense sufferings to hospital patients and residents...

DSE stocks up for third straight trading day

2007-12-19 00:00:00

FE ReportStock prices on the Dhaka Stock Exchange (DSE) registered a rise Tuesday for the third straight trading day amid persistent buying support from the retail and institutional investors.The rise was led by the issues of the power and energy...

Lack of coordination blamed for nat'l grid failure

2007-12-19 00:00:00

FE ReportLack of coordination among the power sector wings has been found to be a major reason for failure of national power grid twice because of devastating cyclone Sidr that hit the country November 16, an investigation report said.A seven-member...

Seoul to invest $21.5b in energy

2007-12-19 00:00:00

Song Jung, FT Syndication ServiceSEOUL: South Korea's public pension fund plans to invest $21.5bn in energy development projects over the next 10 years including the purchase of major stakes in overseas oil fields or the acquisition of a foreign oil...

Padma Bridge designing may start in June

2007-12-19 00:00:00

FE ReportThe work of designing the country's proposed largest bridge Padma is likely to start next June aiming to begin its construction work from early 2010, official sources said.Chief Engineer of the Jamuna Multipurpose Bridge Authority (JMBA) Abdullahel Kafi told...

19pc work on voter roll complete

2007-12-19 00:00:00

A total of 19 per cent work on the new voter roll has been completed with the registration of 7,173,884 voters in 47 zones across the country as the voter-listing drive moved at a faster pace. Voter registration is underway...

Banks to provide enough fund to tanners

2007-12-19 00:00:00

FE Report Three new banking corporations have approved a little over Tk 3.30 billion in loan for tannery owners, enabling them to purchase raw hides and skin of sacrificial animals during Eid-ul-Azha festival. Janata Bank Limited (JBL) will provide the...

SEC takes more steps to check fake BO accounts

2007-12-19 00:00:00

FE ReportThe Securities and Exchange Commission (SEC) has sent a letter requesting the Bangladesh Bank to inform all the scheduled commercial banks for providing a certificate that is required to open new beneficiary owners' (BO) account and also for updating...

Sale of cattleheads may gather pace today

2007-12-19 00:00:00

FE Report With two days left for the Eid-ul-Azha celebrations, the city's cattle markets are abuzz with sacrificial animals but the sale has not yet gained momentum Tuesday. Cattleheads from different parts of the country have been arriving in the...

Call rate continues to rise

2007-12-19 00:00:00

FE ReportMounting demand for cash ahead of festival vacation kept the inter-bank call money rate in ascending mood Tuesday in a highly active market influenced by pre-Eid withdrawals. The rate jumped to its peak at 17.00 per cent against previous...

Bangladesh top denim supplier to Europe

2007-12-19 00:00:00

FE ReportAmong the new textile items, denim fabrics and sweater are gradually becoming the flagship products for the local exporters. Industry insiders said during the last four years, production of denim has increased from 28 million metres per year to...

ACC sues Jalil, Altaf

2007-12-19 00:00:00

The Anti-corruption Commission (ACC) Tuesday sued Awami League general secretary Abdul Jalil and former home minister Altaf Hossain Chowdhury, reports bdnews24.com quoting the police. The graft watchdog filed another case against Khandaker Akhter Hamid nicknamed Paban, son of BNP leader...

Jamuna, Meghna to make debut on stock exchanges by Jan 10

2007-12-19 00:00:00

Kayes M SohelTwo state-owned oil companies -- Jamuna Oil Company Limited and Meghna Petroleum Limited -- will make debut on the stock exchanges by January 10 under the direct listing regulations, a market source said.Both the companies will offload shares...

UN moves to boost farm output as food prices climb

2007-12-19 00:00:00

ROME, Dec 17 (Reuters): The United Nations' world food body outlined steps Monday meant to help the world's poorest nations combat soaring food prices, including a new voucher programme for farmers and a review of food-guzzling biofuels.The Rome-based UN Food...

Cause, effect, globalisation and the Chinese connection

2007-12-18 00:00:00

John Authers WE live in an interconnected world. There is a tendency to believe that this is a new development, at least for financial markets.It is not. Almost 30 years ago, the British television journalist James Burke expounded what he...

People power may determine banking drive

2007-12-18 00:00:00

Sundeep Tucker from Hong Kong INVESTMENT banks like to boast about how successful their Asian operations have become, and that the acute shortage of decent staff is the only thing limiting even faster expansion.There is little debate over figures that...

India, Pakistan have $11b bilateral trade potential

2007-12-18 00:00:00

NEW DELHI, Dec 17 (PTI): India and Pakistan have a trade potential of 11.7 billion dollars, but the two neighbours need to take proactive measures to exploit untapped areas of economic cooperation, economic think tank ICRIER has said. An Indian...

Japan to hold economic talks with UAE

2007-12-18 00:00:00

TOKYO, Dec 17 (AFP): Japan will hold economic talks today with the energy-rich United Arab Emirates as Japanese banks prepare to sign a deal to extend a multibillion-dollar loan to the state-run Abu Dhabi oil company. Japan, which has virtually...

Malaysia exports more green commodities

2007-12-18 00:00:00

KUALA LUMPUR, Dec 17 (Xinhua): Malaysia exported 63.16 billion ringgit (18.58 billion US dollars) worth of green commodities for the first nine months of this year, exceeding the value of oil and gas which reached 55.24 billion ringgit (16.25 billion...

Oil prices higher in Asia

2007-12-18 00:00:00

SINGAPORE, Dec 17 (AFP): Oil prices were higher in Asian trade today after a major snowstorm struck the northeastern United States over the weekend, fuelling expectations that heating oil demand will strengthen, dealers said. In morning trade, New York's main...

Myanmar to hold marine products festival

2007-12-18 00:00:00

YANGON, Dec 17 (Xinhua): Myanmar will hold a marine products festival to help boost production and exports of the sector, according to the Myanmar Fisheries Federation (MFF) today. Running from Dec. 30, 2007 through to Jan. 4, 2008, the six-...