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Sluggish implementation of ADP projects

2007-11-05 00:00:00

THE condition of underdevelopment in an economy can be compared to a malignant tumour in a human body. The affliction has too many gaping wounds to be treated by a single course of medication. Likewise underdevelopment has countless number of...

The agonising dilemma of anti-graft drive

2007-11-05 00:00:00

Shamsul Huq ZahidMANY men, many minds-the old adage seems to be true in case of the impact of the ongoing anti-graft drive in Bangladesh. The International Monetary Fund, IMF, in a recent draft aid memoire submitted to the government for...

Research that aids publicists but not the public

2007-11-05 00:00:00

John KayTHIS is the age of the bogus survey. I woke up recently to the news that 95 per cent of children in Britain had been victims of crime. Of course they had. From a legal perspective, pushing a classmate...

Tehran pushes for end to delays on gas field deal

2007-11-05 00:00:00

Najmeh Bozorgmehr in Tehran and Ed Crooks in LondonIRAN says it is ready to address the concerns o western oil groups that have blamed spiralling' global costs for delays in signing up to multibillion dollar contracts to develop the South...

A new policy needed for more remittances

2007-11-05 00:00:00

UNLIKE the RMG and other sectors needing more capital injection to increase the earnings, manpower export can earn more for Bangladesh at much less cost and only by changing the policy and properly implementing it at relatively modest costs. The...

The state of the private universities

2007-11-05 00:00:00

A committee that had assessed the private universities recommended earlier the shutting down of eight of them as their performance was found unsatisfactory in all respects. It also found at least 18 other private universities seriously deficient in many respects...

General trading companies and Japan's accelerated economic growth

2007-11-05 00:00:00

Hasan MahmudIN the history of development, Japan stands as what is commonly called "miracle" because of her accelerated pace of growing literally from the dust of the World War II to the pinnacle of economic world order. With extremely limited...

Tips on how not to be cowed by interviewers

2007-11-05 00:00:00

Maswood Alam KhanWHETHER it's for a job or for a promotion the most common scene in the waiting room where interviewees gather is a crowd of candidates who are seen frantically browsing books and notes for their last minute's revision...

WB will continue to focus on India, China: Zoellick

2007-11-05 00:00:00

NEW DELHI, Nov 4 (PTI): India and China will continue to be the focus of the World Bank as these countries represent 70 per cent of the poor in the world, said the Bank president Robert Zoellick. "You've more poor...

Wen cautions about HK investment plan

2007-11-05 00:00:00

HONG KONG, (Thomson Financial): Chinese Premier Wen Jiabao urged caution on the eagerly-awaited plan allowing mainlanders to invest in Hong Kong stocks, and set conditions for the implementation of the scheme, the South China Morning Post reported Sunday.The as-yet-unfulfilled promise...

China to contribute to C Asia's economic development

2007-11-05 00:00:00

MOSCOW, Nov 4 (Xinhua): China's vice minister of finance yesterday reaffirmed the Chinese government's commitment to and support for Central Asia's economic development in Tajik capital Dushanbe. China will work together with the Asian Development Bank (ADB) and other parties...

Italy to support Indian small, medium businesses

2007-11-05 00:00:00

NEW DELHI: Italy will invest over euro three million for a project aimed at developing India's small and medium enterprises (SMEs) and make them globally competitive.The three-year project, called 'Consolidated Project for SMEs Development in India', will be overseen by...

GCC VAT plan likely to be delayed further

2007-11-05 00:00:00

ABU DHABI, Nov 4 (Xinhua): The plan of the Gulf Cooperation Council (GCC) to introduce a value added tax (VAT) could be further delayed as GCC states lack consensus on taxation and the GCC currency union, local newspaper Gulf News...

Iranian economy starting to feel sting from a raft of US banking sanctions

2007-11-05 00:00:00

TEHRAN, Nov 4 (AFP): The Iranian economy is starting to feel the sting from a raft of banking sanctions applied by the United States to pressure Tehran over its controversial nuclear drive, analysts said. Washington has blacklisted Iran's three main...

Electronic air tickets sales surge to 70pc in Mideast

2007-11-05 00:00:00

ABU DHABI, Nov 4 (Xinhua): Electronic air ticket (e-ticket) has become more effective in the Mideast market as 70 per cent people are using it to travel, surged by 50 per cent compared to the previous year, local newspaper Khaleej...

Alafco agrees to buy seven Airbus planes

2007-11-05 00:00:00

KUWAIT, Nov 4 (Reuters): Kuwait's Aviation Lease and Finance Co (Alafco) said Sunday it had agreed to buy seven A320-200 aircraft from European planemaker Airbus.The list price of the aircraft was $420 million, Alafco said in a statement on the...

Beijing's service sector contributes 38.7pc of GDP in first 3Q

2007-11-05 00:00:00

BEIJING, Nov 4 (Xinhua): China's service sector made a smaller contribution to the country's gross domestic product (GDP) in the first three quarters, despite the rapid growth of the sector, said the top economic planner Friday. The proportion stood at...

Asian currencies mostly up against dollar

2007-11-05 00:00:00

HONG KONG, Nov 4 (AFP): Asian currencies ended the week mostly higher against the US dollar following a Federal Reserve interest rate cut, with the Australian unit backed to set fresh records, but the yen losing ground.JAPANESE YEN: The yen...

$100-per-barrel oil raises recession fears

2007-11-05 00:00:00

The price of oil is approaching $100 a barrel, an important psychological barrier for Americans already hard hit by higher energy prices and the threat of a housing-induced economic slowdown according to Internet.Even though headlines will scream, markets will get...

Africa needs farm investment to absorb food prices

2007-11-05 00:00:00

DAKAR, Nov 4 (Reuters): Africa needs more investment in farming to cope with soaring food prices due in part to growing biofuel production in the West, but it could profit from rising demand for alternative energy, an IMF official said....

Declining competitiveness

2007-11-04 00:00:00

BANGLADESH's scores in global surveys on corruption perception index or business competitiveness or on any other social as well as economic issue have been poor and, in some cases, embarrassing. The country was placed at the top of the list...

Resolving the problems of sick industries

2007-11-04 00:00:00

Shahiduzzaman KhanTHE government is likely form an integrated arbitration committee for framing necessary laws to rehabilitate as many as 3,769 sick industries and also resolve prevailing problems in this regard. The committee to be formed soon may comprise, among others,...

Downing inflation to enable common people to survive

2007-11-04 00:00:00

Fahmida RahmanLatifur Rahman, a government official in his late 40s, is known as an honest man. Sincerity, devotion and dutifulness are among the qualities Rahman thinks a government official should have. But, his recent behaviour has made even his close...

Solar power potentials of Bangladesh

2007-11-04 00:00:00

Ferdous AlamTHE major urban centres in Bangladesh get conventional electricity from the national grid. The rural areas where electricity is provided, also depend mostly on supplies from the national grid. The urban areas get priority for such supply. As the...

For improving waste management in the city

2007-11-04 00:00:00

It is important to build awareness about the participatory aspects of the people in solid waste management and also about what things need to be done for proper waste disposal on a regular basis. Many people are found to be...

Producing food in the homesteads

2007-11-04 00:00:00

The population of Bangladesh is still preponderantly rural although the rate of urban migration of people in this country has been increasing. Nonetheless, about 80 per cent of the people of Bangladesh have a rural existence and they live in...

Iraq policy floating on a sea of oil -- I

2007-11-04 00:00:00

Michael Schwartz LATELY, even Democratic candidates for president have been weighing in on why the U.S. must maintain a long-term, powerful military presence in Iraq. Hillary Clinton, for example, used phrases like protecting our "vital national security interests" and preventing...

D&B and BRAC Bank to establish rating agency for SMEs in Bangladesh

2007-11-04 00:00:00

GLOBALLY, rating companies provide independent and objective assessments of the credit worthiness of business entities. They assist investors / financiers to decide on how risky it is to invest in or grant credit to a certain entity. A company with...

Dazzling price of gold hits India's jewellers

2007-11-04 00:00:00

Amy Yee from New DelhiAs global gold prices surged to the highest level since 1980 last Monday, the World Gold Council launched the latest push of India's most aggressive marketing campaign to boost business ahead of the country's festive season.The...

Regime's cronies feel pressure of sanctions

2007-11-04 00:00:00

Amy Kazmin from Bangkok In early September, Tay Za, a charismatic Burmese businessman accused of having close links to the military junta, was in Singapore to launch a daily service between the city state and Rangoon for his airline, Air...