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Sadakalo selects GP Business Solutions

2007-10-17 00:00:00

FE Report Grameenphone (GP) Limited has recently signed an agreement with Sadakalo to provide complete communication facilities under the GP Business Solutions package.Managing Partner of Sadakalo Tahsina Shahin and GP Group Manager (Dhaka region) Azizul Abedin signed the agreement on...

Citi Asia Pacific Network Banking head arrives

2007-10-17 00:00:00

Agnes Liew, head of Network Relationship Banking in Citigroup Asia Pacific Region, arrived in the city Tuesday for a two-day visit. During her visit, Agnes will meet regulators, major clients of the Bank and review Citibank's growth opportunities in the...

RSML publicity campaign on sugarcane cultivation

2007-10-17 00:00:00

GAIBANDHA, Oct 16 (BSS): Rangpur Sugar Mills Ltd. (RSML) conducted a publicity campaign to make the sugarcane farmers in the mill zone aware to take proper care of their sugarcane that were flattened to the ground by a storm.A sudden...

ICAB president elected CAPA board member

2007-10-17 00:00:00

FE Report ICAB President M Farhad Hussain has been elected a board member of the Confederation of Asia and Pacific Accountants (CAPA) for the period from October 2007 to September 2011.CAPA members elected him the board member of the confederation...

Paramount Insurance gets DSE listing

2007-10-17 00:00:00

FE ReportDhaka Stock Exchange (DSE) has approved the listing of Paramount Insurance Company Ltd.The listing sub-committee of the bourse in a meeting Tuesday gave the approval which would be finalised by the DSE board in a meeting scheduled on October...

Crackdown on corruption has far-reaching significance for economy, says ADB VP

2007-10-17 00:00:00

Asian Development Bank (ADB) Vice President (VP) Liqun Jin Friday said despite some repercussions on growth, the crackdown on corruption has a far-reaching significance for Bangladesh economy, reports UNB."I think the caretaker government trying to build up the governance framework...

Bell-metal industry in N dists facing ruination

2007-10-17 00:00:00

Our CorrespondentSIRAJGANJ, Oct 16: The traditional bell-metal industry of the three northern districts -- Sirajganj, Pabna and Bogra -- has been gradually perishing over the last four decades due to various reasons. It is on the verge of extinction, sources...

Banks to set up $80b fund to limit credit crunch

2007-10-17 00:00:00

WASHINGTON, Oct 16 (Reuters): Major banks including Citigroup are looking at setting up a roughly $80 billion fund to buy ailing mortgage securities and other assets, in a bid to prevent the credit crunch from further hurting the global economy,...

Asian stocks track Wall St as credit worries resurface

2007-10-17 00:00:00

SINGAPORE, Oct 16 (Newstex): Stock markets across Asia fell Tuesday, tracking Wall Street's decline on renewed concerns about the crisis in credit markets and worries that record oil prices will dampen consumer spending in an already slowing economy.The Chinese market...

China holds its biggest trade fair

2007-10-17 00:00:00

GUANGZHOU, China, Oct 16 (AP): China kicked off the Canton Fair - the country's biggest trade show - this week amid lingering concerns about a series of embarrassing product recalls that have raised questions about the "Made in China" label.The...

Ericsson hurt by profit warning

2007-10-17 00:00:00

Shares in Ericsson have tumbled more than 25 per cent after the Swedish firm issued a shock profit warning. The world's biggest mobile network maker said third-quarter sales, operating income and cash flow would fall way short of expectations, reports...

Ex-BSMMU vice-chancellor Prof MA Hadi dies

2007-10-16 00:00:00

Professor MA Hadi, former vice chancellor of Bangabandhu Sheikh Mujib Medical University and ex-president of pro-BNP Doctors' Association of Bangladesh (DAB) died at 6:30am Tuesday due to brain hemorrhage.

Bhutto rejects Musharraf request to delay return

2007-10-12 00:00:00

ISLAMABAD, Oct 11 (AFP): Former Pakistani premier Benazir Bhutto will return from exile as planned next week, despite a call by President Pervez Musharraf for her to delay her homecoming, her party said Thursday. Musharraf said in an interview Wednesday...

UN slams Western security firms in Iraq

2007-10-12 00:00:00

BAGHDAD, Oct 11 (AP): The United Nations urged US authorities Thursday to hold private security firms accountable for unjustified killings of Iraqi civilians and warned against increasing reliance on the heavily armed guards. The UN Assistance Mission to Iraq also...

Myanmar rulers lash out at West, foreign media for stoking protest

2007-10-12 00:00:00

YANGON, OCT 11 (AP): Myanmar's ruling military lashed out at Western powers and foreign media Thursday for fomenting recent protests that were put down in a brutal crackdown with thousands of people detained.The state-owned New Light of Myanmar newspaper described...

Bush allows torture: Carter

2007-10-12 00:00:00

WASHINGTON, Oct 11 (AFP): US President George W. Bush's administration tortures detainees in defiance of international law, former US president Jimmy Carter charged Wednesday. "I don't think it, I know it, certainly," Carter told CNN television when asked if he...

Chemotherapy may benefit few breast cancer patients

2007-10-12 00:00:00

CHICAGO, Oct 11 (AFP): A widely prescribed chemotherapy drug does not work for many of the women with breast cancer for whom it is prescribed, according to a study. The drug Taxol is typically given to women with stage II...

Police grill Israel PM again in corruption probe

2007-10-12 00:00:00

JERUSALEM, Oct 11 (AFP): Fraud squad officers were to grill Israeli Prime Minister Ehud Olmert for a second time Thursday over his alleged abuse of influence in the privatisation of one of the country's leading banks. Investigators arrived at Olmert's...

Japanese student kidnapped in Iran

2007-10-12 00:00:00

TOKYO, Oct 11 (AFP): A 23-year-old Japanese male university student was kidnapped as he travelled alone in southeastern Iran, the foreign ministry said Thursday. The student was taken captive Monday, said a foreign ministry official, who declined to say who...

US Marines propose moving force from Iraq to Afghanistan

2007-10-12 00:00:00

WASHINGTON, Oct 11 (AFP) : The US Marine Corps wants to withdraw its entire force from Iraq to focus its combat efforts on Afghanistan, the New York Times reported Thursday citing senior military and Pentagon officials. The proposal made last...

Malaysians over the moon at its first astronaut

2007-10-12 00:00:00

KUALA LUMPUR, Oct 11 (AFP): Malaysia celebrated Thursday as its first astronaut hurtled through space on board a Russian Soyuz rocket, in a landmark for the nation which is marking 50 years of independence. "It's a small step for me,...

Nobel laureate praises Chavez's plan for South American bank

2007-10-12 00:00:00

CARACAS, OCT 11 (AP): Nobel Prize-winning economist Joseph Stiglitz said Wednesday that Venezuelan President Hugo Chavez's plan to create a regional lending bank will be beneficial for South America.The former World Bank economist said the Bank of the South, due...

news digest

2007-10-12 00:00:00

Iranian training plane crashes on highway, pilot, passenger killed TEHRAN, OCT 11 (AP): An Iranian training plane crashed Thursday on a highway in Tehran Thursday, killing the pilot and a passenger, state television reported. The plane crashed in the morning...

‘Land swap could be element of peace deal’

2007-10-12 00:00:00

ABU DIS, West Bank, OCT 11 (UNB): The Palestinians are ready to yield parts of the West Bank to Israel if compensated with an equal amount of Israeli territory, according to the lead Palestinian negotiator, a policy that could bring...

Married Thais account for 40 pc of new HIV infections

2007-10-12 00:00:00

BANGKOK, Oct 11 (AFP): Married people accounted for more than 40 per cent of all new cases of HIV/AIDS in Thailand last year, the country's health ministry said Thursday, despite an overall decrease in infections. About 7,000 married people reported...

Prices of essentials stable, some items high in city markets

2007-10-12 00:00:00

The retail prices of the most of essentials including rice and vegetables have remained almost stable in the city markets while prices of some items such as onion, green chilli, cucumber and Hilsha fish have slightly increased.A market report of...

Delta Life Ins, Apex Adelchi Footwear sign agreement

2007-10-12 00:00:00

FE ReportDelta Life Insurance Company Ltd and Apex Adelchi Footwear Ltd entered into a "group life Insurance agreement in the city recently. Managing Director of Delta Life Insurance Company Ltd Das Deba Prashad and Managing Director of Apex Adelchi Footwear...

US stocks move toward higher open

2007-10-12 00:00:00

NEW YORK, Oct 11 (AP): Futures signaled a higher opening on Wall Street Thursday after stocks in Asia rose sharply and as US investors appeared ready to buy after a pullback in blue chip stocks Wednesday.Investors were also awaiting corporate...

Sayeed joins BWDB as addl director general

2007-10-12 00:00:00

FE ReportAKM Sayeed Uddin joined the Bangladesh Water Development Board (BWDB) on September 30 as additional director general.Before joining the BWDB as the ADG, Sayeed was holding the position of chief engineer, south-eastern zone of the BWDB, Chittagong. He joined...

European stocks increase, led by BHP Billiton

2007-10-12 00:00:00

LONDON, Oct 11 (Bloomberg): European stocks gained for a third day, led by mining and energy stocks, following a rally in copper and oil prices. BHP Billiton Ltd., the world's biggest mining company, and BG Group Plc, the largest British...