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Intellectual fallacies of the war on terror -- II

2007-10-30 00:00:00

Chalmers JohnsonTHIS is not the place to attempt a comprehensive review of Holmes' detailed critiques. For that, one should buy and read his book. Let me instead dwell on three themes that I think illustrate his insight and originality. Holmes...

UN envoy's visit to Burma -- facelift for junta?

2007-10-30 00:00:00

Marwaan Macan-Markar from BangkokWhile they welcome the return of a U.N. human rights envoy to Burma, political exiles from the country are asking pointed questions such as who stands to gain most from the high-profile visit. The concerns of groups...

Russian attacks on foreigners grow with economy's need for them

2007-10-30 00:00:00

Celestine BohlenSlapping a coat of paint on the pedestal of a bust of Lenin in a provincial Russian town may not be much of a job. Kuram, 49, says it beats making the equivalent of $16 a month back home...

China, ASEAN trade, economic ties enter new phase

2007-10-30 00:00:00

NANNING, Oct 29 (Xinhua): Bilateral trade and economic ties between China and the Association of Southeast Asian Nations, or ASEAN, has entered a new phase, with the establishment of the strategic partnership between the two, Chinese Vice Premier Zeng Peiyan...

Two-week training for Jamuna Bank officials starts

2007-10-30 00:00:00

FE ReportA two-week training course on Basics of Banking Operation for the officials of Jamuna Bank has started in the city recently.Jamuna bank Training Institute has organised the training, said a press release. The training will conclude on November 8.Managing...

Japan's MUFG expects subprime losses to rise six-fold

2007-10-30 00:00:00

TOKYO, Oct 29 (AFP): Japanese megabank Mitsubishi UFJ Financial Group (MUFG) said today that its losses on US subprime loans soared by as much as six-fold over two months to 263 million dollars. MUFG said in August that losses on...

Asian automakers winning a 50 year battle for US pocketbooks

2007-10-30 00:00:00

CHICAGO, Oct 29 (AFP): Fifty years after the first Japanese car coughed its way up the Hollywood Hills, it's hard to imagine a time when the Big Three US automakers sold 95 per cent of the cars on the road....

Studies show India's Muslims, low-caste Hindus trail in jobs, health

2007-10-30 00:00:00

NEW DELHI, Oct 29 (AFP): India's Muslims and low-caste Hindus have a harder time landing jobs and die younger than high- caste Hindus, even when they have similar educations and incomes, new studies have found. A Dalit, a member of...

India must liberalise markets further: US treasury secretary

2007-10-30 00:00:00

MUMBAI, Oct 29 (AFP): US Treasury Secretary Henry Paulson today urged India's policy makers to avoid curbs on foreign investment into the financial markets as they could hurt efficiency and become ineffective. "We understand that Indian officials are concerned that...

Malaysia launches 33-billion-dollar development plan

2007-10-30 00:00:00

Malaysia launches 33-billion-dollar development plan KUALA TERENGGANU, Malaysia, Oct 29 (AFP): Prime Minister Abdullah Ahmad Badawi today launched a 33.2-billion- dollar economic plan aimed at boosting growth and reducing poverty in Malaysia's rural east. The East Coast Economic Corridor (ECER)...

Oil leaps more than $1.0 to records on Mexico, Turkey

2007-10-30 00:00:00

SYDNEY, Oct 29 (Reuters): Oil leapt to a record high for a third day today, as a brief halt to one-fifth of Mexico's production added fuel to a rally driven by a stand-off between Turkey and Kurdish rebels, a weak...

Dollar falls to new record low against euro

2007-10-30 00:00:00

TOKYO, Oct 29 (AFP): The dollar sank to a new record low against the euro in Asian trade today as market players grew increasingly confident about the prospect of another US interest rate cut this week, analysts said. The euro...

Chinese economist calls for immediate readjustment of nat’l income distribution pattern

2007-10-30 00:00:00

BEIJING, Oct. 29 (Xinhua):In a bid to ensure a good and fast development of the national economy, China need adjust the national income distribution pattern, said Li Yang, head of the Financial Research Institute of the China Academy of Social...

India helps tame tomato prices in Pakistan

2007-10-30 00:00:00

NEW DELHI, Oct 29 (PTI): While tomato prices continue to pinch Indian consumers' pockets, the exports from the country have helped reduce rates of the commodity by more than half in neighbouring Pakistan in the last ten days. According to...

Inflation may prompt food price controls: UN food chief

2007-10-30 00:00:00

LONDON, Oct 29 (AFP): Some countries may have to implement retail price controls on food in the near future because of rising prices for consumers, the UN's food chief said in an interview published today. Speaking to the Financial Times,...

China energy-saving law ups pressure on officials

2007-10-30 00:00:00

BEIJING, Oct 29 (Reuters): China has stepped up its conservation drive with a law that makes officials' career prospects dependent in part on their energy-saving efforts, the Xinhua news agency said. The country's top legislature approved yesterday a series of...

State-run banks lose edge in big-loan financing

2007-10-30 00:00:00

Country's state-run banks' term loan financing is on the decline, while the private banks have been consolidating their position in the business, reports bdnews24.com."This is not a positive sign. It seems that the state-run banks' operating incomes are declining in...

Dhaka Bank inks deal with BB to enjoy IPFF

2007-10-30 00:00:00

FE Report A signing ceremony following the Master Facility Agreement between the Bangladesh Bank (BB) and Dhaka Bank for participation in the 'Investment Promotion and Financing Facility (IPFF)' was held in the city Thursday, said a press release.The International Development...

Envoy stresses 'one stop service' to attract investment from Japan

2007-10-30 00:00:00

Potential Japanese investors are watching carefully the situation in Bangladesh as they always think of a long-term perspective on their investment, Japanese Ambassador Masayuki Inoue said, as the country was now at a crossroads, reports UNB."Direct investment from Japan to...

Need for migration to Basel II stressed

2007-10-30 00:00:00

FE ReportManaging Director (MD) of BASIC Bank Ltd AH Ekbal Hossain has stressed the need for migration to Basel II to face future challenges and to uphold international best practices. He has also asked the officials to gain appropriate knowledge...

No steps in sight to rehabilitate hawkers in port city

2007-10-30 00:00:00

Our CorrespondentCHITTAGONG, Oct 29: No effective step to rehabilitating over 25 thousand hawkers of the city by any concerned quarter is yet in sight. On availing the provisional chance of sitting over the footpaths before Eid-ul-Fitr, these hawkers have again...

Muhammad Ali made new MD of Shahjalal Islami Bank

2007-10-30 00:00:00

FE ReportMuhammad Ali has been appointed as managing director (MD) of Shahjalal Islami Bank Ltd recently, said a press release..Prior to this, he worked as MD (current charge) of the bank since August 1, 2007. Ali joined Shahjalal Islami Bank...

401 sacks of fertiliser seized

2007-10-30 00:00:00

Some 401 sacks of urea and other fertilisers were seized in four districts Sunday, reports UNB.In Dinajpur, two smugglers were arrested along with a truck loaded with 200 sacks of urea fertiliser at Phulbari-Dhaka crossing on Dinajpur-Gobindaganj highway in the...

Mismanagement hits operation of Zia Fertiliser Factory

2007-10-30 00:00:00

Our Correspondent BRAHMANBARIA, Oct 29: Operation of Ashuganj Zia Fertiliser Factory (AZFF) is being seriously affected due mainly to mismanagement, sources said. The government established the fertiliser company in the eighties and appointed a managing director, general managers and other...

Asian markets end higher

2007-10-30 00:00:00

BANGKOK, Oct 29 (AP): Asian markets rose Monday, buoyed by Wall Street's rally Friday and as a weak US dollar propelled investors into regional markets. Hong Kong, India, Indonesia, Malaysia, South Korea and other regional bourses hit record closes.New Zealand...

CSE to distribute refund warrants

2007-10-30 00:00:00

FE ReportThe Chittagong Stock Exchange (CSE) has taken an initiative to distribute refund warrants of all new initial public offerings (IPOs) through CSE's Chittagong and Sylhet offices only. The CSE has taken the initiative in consultation with the Securities and...

Vessel of MCC Transport arrives at Ctg port

2007-10-30 00:00:00

FE ReportThe first vessel of MCC Transport, a regional feeder operator with 32 vessels covering 32 ports in greater China, South East Asia and South Asia, "M.V. Sezela," arrived at the Chittagong port Sunday. The vessel is expected to sail...

Toy makers target China as new market

2007-10-30 00:00:00

SHANGHAI, Oct 29 (AP): For 24 years, toy maker Yoshiritsu has resisted the pull to move to lower-cost China, sticking it out in more costly Japan to meet the exacting demands of its picky customers. But that strategy may be...

European stocks rally

2007-10-30 00:00:00

LONDON, Oct 29 (AFP): Europe's main stock markets sprang higher Monday, even as the euro and oil prices soared to new highs. "The markets have been remarkably resilient," said Mike Lenhoff, strategist at stockbrokers Brewin Dolphin. London's FTSE 100 index...

corporate watch

2007-10-30 00:00:00

Dividends Rahim Textile: The board of directors of Rahim Textile has recommended 10 per cent cash dividend for the year 2006-2007. The annual general meeting (AGM) of the company will be held on December 18, '07. Time and venue of...