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India seek to revive series hopes

2007-10-07 00:00:00

CHANDIGARH, Oct 7 (BBC): India's senior stars will have a point to prove in the fourth one-day match against Australia Monday. Australia have stormed to a 2-0 lead in the seven-match series after the first game was abandoned because of...

Malaysian ban on manpower import from Bangladesh

2007-10-07 00:00:00

The worst yet not unexpected has happened. The opportunity that came by after much cajoling and diplomatic persuasion is now lost because of an apparent insatiable lust for money of a section of Bangladeshi manpower agents and some people in...

Resuming manpower export to Malaysia

2007-10-07 00:00:00

Shahiduzzaman KhanMALAYSIA imposed a fresh ban on hiring workers from Bangladesh as many migrant workers remained unemployed, were not paid their salaries and other facilities as per contracts. Several thousands of them also got stuck at the Kuala Lumpur International...

Horrendous traffic jams in the city

2007-10-07 00:00:00

Sohail SamadTHERE are many expectations of people in this country. One of them is that they should enjoy reasonably good traffic movement conditions. The reconstituted caretaker government impressed all concerned with its swift actions in different spheres. It seems to...

A demographic time-bomb exploding into prosperity

2007-10-07 00:00:00

Vivek MehraINDIA'S special economic zones (SEZs) have long been the focus of controversy. The earliest critics argued that, unlike China's large SEZs, India's policy of permitting smaller, sector-specific SEZs was flawed because the zones would fail to derive the benefits...

Difficulties in getting back the stolen money

2007-10-07 00:00:00

One has to be very pragmatic about dealing with issues like getting back the stolen money. All concerned would, of course, welcome any well-purported move for bringing back the money that the corrupt persons have transferred abroad. But it is...

Protecting the heritage objects

2007-10-07 00:00:00

About 200 objects from different museums in Bangladesh will be sent to France for display in an exhibition there. The news had earlier raised a concern, because of the fear over such objects being lost to Bangladesh. That was the...

Having a carnage party: We count, they don't

2007-10-07 00:00:00

Tom Engelhardt in first part of the two-part series articleAT least Caesar was just commenting on reality when he wrote that "all Gaul is divided into three parts." Last week, Senate Foreign Relations Chairman Joe Biden attempted to create reality...

Islamist, socialist revolutions don't mix

2007-10-07 00:00:00

Kimia Sanati from TehranAn attempt to rope in the son and daughter of the Argentine revolutionary Ernesto Che Guevara to forge a parallel between Iran's Islamist revolution and the socialist revolution in Latin America through a four-day conference has ended...

Country back on rails with a clear vision

2007-10-07 00:00:00

A K M Nurul HudaTHE present caretaker government's taking more than the constitutionally stipulated time in holding national elections, is nothing to be worried about though the political quarters want to contradict this view in their vested interests. But surely,...

US unemployment edges up despite new jobs

2007-10-07 00:00:00

WASHINGTON: Fears that the country could slide into a recession eased in September as employers created the most jobs in four months and workers' wages grew solidly. The unemployment rate crept up to 4.7 per cent, the highest in over...

Fed wary of fallout hurting economic growth, credit markets healing

2007-10-07 00:00:00

LOUDONVILLE, New York, Oct 6 (Reuters): Federal Reserve Board Governor Kevin Warsh said Friday that credit markets were on the mend after August's turmoil, but some sectors remained sickly and the Fed was wary of fallout hurting economic growth."The functioning...

Consumer borrowing up sharply in August

2007-10-07 00:00:00

WASHINGTON: Consumers have boosted their borrowing at the fastest pace in three months, turning increasingly to their credit cards to replace home equity loans as a source of ready cash.The Federal Reserve reported that consumer credit rose at an annual...

Washington Mutual expects big drop in profit

2007-10-07 00:00:00

NEW YORK, Oct 6 (Reuters): Washington Mutual Inc, one of the largest US mortgage lenders, said Friday it expects a 75-per cent drop in quarterly income on losses and write-downs on mortgage loans and securities.Loan loss provisions for the third...

US Airways costs to rise more than expected

2007-10-07 00:00:00

NEW YORK, Oct 6 (Reuters): US Airways Group Inc said Friday it expects costs per available seat mile, or unit costs, to rise faster than earlier expected as its reins in capacity.Amid concerns that a slowing US economy will dampen...

China's CNPC invests in oil refinery in Chad

2007-10-07 00:00:00

BEIJING, Oct 6 (AFP): China's largest oil producer, China National Petroleum Corp (CNPC), has agreed to invest in a joint venture oil refinery near the capital of Chad, state media reported today. A subsidiary of CNPC, the CNPC Service and...

Dollar rally fizzles after boost by US jobs report

2007-10-07 00:00:00

NEW YORK, Oct 06 (AFP): A spirited rally by the dollar on the heels of astrong report on US job creation in September ran out of steam yesterday as the news was not enough to sustain investor confidence in the...

Canada in world first to export AIDS drugs to Rwanda

2007-10-07 00:00:00

MONTREAL, Oct 6 (AFP): Canada has become the first country to notify the World Trade Organization that it has agreed to allow a Canadian company to make generic medicines for export, the world body said yesterday. "The WTO received from...

Mitsubishi Motors to increase production capacity in Japan

2007-10-07 00:00:00

TOKYO, Oct 6 ( AFP): Japanese automaker Mitsubishi Motors plans to expand production capacity in Japan by 10 per cent to meet strong demand for exports, a report said today. It will also improve output efficiency by moving some production...

BG, partners increase gas output from India fields

2007-10-07 00:00:00

MUMBAI, Oct 6 (Bloomberg): BG Group Plc, the UK's third biggest natural-gas producer, and its partners have boosted gas output from fields off western India by 48 per cent to feed the nation's growing demand for energy. Gas output from...

Global CEO of MTI in city

2007-10-07 00:00:00

MTI Consulting's global CEO Hilmy Cader arrived in the city Saturday on a short visit here, said a press release. He is expected to meet the existing corporate clientele and business leaders in Bangladesh. MTI Consulting is a fast growing...

Syndicated investment facility worth Tk 630m for spinning mills

2007-10-07 00:00:00

FE Report A syndicated investment facility worth Tk 630 million for Outpace Spinning Mills Limited has been arranged by EXIM Bank Limited. EXIM Bank is the lead arranger and agent bank of the syndicated loan. Other banks of the syndication...

MTBL, Bangladesh Bank sign participation deal for housing

2007-10-07 00:00:00

FE Report Mutual Trust Bank Limited (MTBL) recently signed a participation agreement with Bangladesh Bank (BB) on refinancing scheme for housing.MTBL Managing Director Kazi Md Shafiqur Rahman and BB General Manager (Agricultural Credit and Special Programmes) signed the agreement on...

120 stalls, 15 pavilions will display handsets, accessories

2007-10-07 00:00:00

FE Report The five-day long second Dhaka International Mobile Phone Fair (DIMPF) 2007will begin December 10 to give further boost to the sector. Organisers said this Saturday at a meet the press held at the conference room of the Federation...

Expansion work of Teletalk in S region hampered due to power shortage

2007-10-07 00:00:00

BARISAL, Oct 6 (UNB): Expansion work of Teletalk network in the country's southern region is being hampered as the authority failed to connect electricity line to its towers due to power shortage. Local Teletalk officials said its towers erected beside...

British co to invest $13.255m in Adamjee EPZ

2007-10-07 00:00:00

FE Report Exhibit Clothing Limited, a British company, will set up a garments manufacturing industry with an investment of about US$ 13.255 million in the Adamjee Export Processing Zone (EPZ).In this connection, an agreement was signed between the Bangladesh Export...

Agrani Bank SEDP holds meet

2007-10-07 00:00:00

FE ReportThe performance monitoring committee meeting of Agrani Bank Small Enterprises Development Project (SEDP) was held in the city recently.Finance Ministry Joint Secretary Amalendu Mukherjee chaired the meeting. Deputy Secretary (Finance Division) Bishwanath Banik, IMED Director Md Zahid Hossain, Agrani...

Ctg WASA realises Tk 3.6m as fine

2007-10-07 00:00:00

Our CorrespondentCHITTAGONG, Oct 06: On charge of pilfering and misuse of water and non-payment of revenue Chittagong WASA realised a sum of Taka 3.6 million as fine during the month of September last. As many as 39 residential, commercial and...

Overloaded vessel detained at Chittagong port

2007-10-07 00:00:00

Our CorrespondentCHITTAGONG, Oct 06: One lighter vessel loaded with 1250 tonnes of cement clinker was detained along with its 13 sailors on charge of its movement on the marine route shouldering risk. The master of the vessel and the local...

Greenback maintains steady level

2007-10-07 00:00:00

Sarwar Zahan US dollar maintained its steady level with a downward bias against Bangladesh taka (BDT) last week despite higher demand for the greenback, fund managers said. The exchange rate of the greenback fluctuated between Tk 68.67 and Tk 68.71...