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Bangladesh single country trade show begins in Tokyo

2007-10-25 00:00:00

FE ReportThe four-day Bangladesh Single Country Trade Exhibition 2007 began at the Japan External Trade Organisation (JETRO) Building in Tokyo Monday, said a press release. The exposition has been organised jointly by JETRO and Export Promotion Bureau (EPB), Bangladesh under...

Walton opens new showroom in city market

2007-10-25 00:00:00

FE ReportWalton, a renowned electronics and automobiles brand in the country, has opened its new showroom, namely Ababil Electronics at the city's BBNS Market recently, said a press release.Director of Walton SM Shamsul Alam and Senior Deputy Director Illias Kanchan,...

Govt deprived of huge revenue

2007-10-25 00:00:00

Fakhrul AlamChittagong, Oct 24: Two transit points at Hnila and Ghumdhum border meant for legal entrance into Bangladesh and Myanmar, have been kept closed for long 6 years since the destruction of the Twin Towers in the USA. As a...

Govt to work with WTO to uphold nat'l interest

2007-10-25 00:00:00

Foreign adviser Iftekhar Ahmed Chowdhury has said the government will always work for national interests, specially with the World Trade Organisation (WTO), through interactions with the civil society organisations, reports BSS.Addressing a function of unveiling the cover of translation works...

StanChart gets highest ever credit rating

2007-10-25 00:00:00

FE ReportStandard Chartered (StanChart) Bank, Bangladesh has been rated AAA for long-term debt instruments and ST-1 for short-term debt instruments by Credit Rating Information and Services Ltd (CRISL), the oldest and largest rating agency in the country, recently. The triple...

Five Korean volunteers arrive to contribute to socio-economic dev

2007-10-25 00:00:00

FE ReportFive new Korean overseas volunteers (KOVs) under the sponsorship of the Korea International Cooperation Agency (KOICA) arrived in the capital Monday to render voluntary services for two years at various government organisations.Resident Representative of KOICA, Bangladesh Kim Chang Sup...

B'baria sweetmeat industry on verge of extinction

2007-10-25 00:00:00

Our CorrespondentBRAHMANBARIA, October 24, sweetmeat industry is on the verge of extinction in the district as the prices of raw materials have increased manifold and gone beyond the artisans' buying capacity.They produced sweetmeat items like Chhanamukhi, Rossmalai, Rajbhog, Mohonbhog, Sponj,...

Amin made DMD of BRAC Bank

2007-10-25 00:00:00

FE ReportKaiser Tamiz Amin has been appointed deputy managing director (DMD) of BRAC Bank Ltd recently, said a press release. In his new responsibility, he will be leading key strategic and management initiatives of the bank to support its long-term...

Detective quits Bhutto blast probe

2007-10-25 00:00:00

KARACHI, Oct 24 (AP): The senior detective leading the probe into the suicide attack on former Prime Minister Benazir Bhutto has withdrawn from the case because she objected to his credentials, a senior official said Wednesday. "The investigation team will...

Bush's Pentagon papers: The urge to confess

2007-10-24 00:00:00

Tom Engelhardt They can't help themselves. They want to confess. How else to explain the torture memorandums that continue to flow out of the inner sancta of this administration, the most recent of which were evidently leaked to the New...

Attempt on Bhutto adds to list of shadowy attacks

2007-10-24 00:00:00

Beena Sarwar from Karachi'Jaanisar-e-Benazir' (bodyguards ready to die for Benazir) proclaimed the white t-shirts sported by Pakistan Peoples' Party (PPP) workers responsible for security around the convoy of former prime minister Benazir Bhutto as she returned to Pakistan on Thursday,...

Outcry over judiciary separation

2007-10-24 00:00:00

Some members of the administrative cadre last Sunday at a seminar harangued the government against the process of judiciary separation with the threat of work stoppage from November 1, the date of implementing the work of judiciary separation. However, on...

Toning up the Board of Investment

2007-10-24 00:00:00

Enayet RasulTHE pages of newspapers and contents of media these days focus prominently and regularly on the depressed economic scenario of the country. Specially, the poor investment rate is emphasised and how the same is debilitating the economy.The acceleration of...

Islamic innovation is finally on a rising crescent

2007-10-24 00:00:00

James Wilsdon THE names of Nasir al-Din al-Tusi and Ibn al-Nafis may be less familiar to many people than those of Isaac Newton or Albert Einstein. But these and other Islamic scholars of the 12th and 13th centuries belong in...

Deftly practicing market economy

2007-10-24 00:00:00

Amirul Islam THE triumph of the market economy or free market economy is evident everywhere. The features of it are less state control, wider choice of consumers and their benefiting in terms of prices and quality from the intense competition...

Tax compliance not by fear alone

2007-10-24 00:00:00

The former chairman of the National Board of Revenue (NBR) who has announced his decision to go on voluntary retirement from public service obviously in protest against the order transferring him to the ministry of flood and disaster management as...

Curbing corruption in LG bodies

2007-10-24 00:00:00

The regularities in Dhaka City Corporation (DCC), the country's largest local government body, are being investigated by the members of a special task force. This is a welcome move for cleansing the DCC of corruption. All concerned know how the...

IMF chief warns dollar may suffer 'abrupt fall'

2007-10-24 00:00:00

WASHINGTON, Oct 23 (AFP): The head of the International Monetary Fund, Rodrigo Rato, warned yesterday of a potential "abrupt fall" in the US dollar that could roil the global economy. "There are risks that an abrupt fall in the dollar...

UN to review poverty reduction goals

2007-10-24 00:00:00

UNITED NATIONS, Oct 23 (AFP): The UN General Assembly is to host a meeting this week to lay the groundwork for a review of global poverty reduction pledges, made in Mexico five years ago, a UN statement said yesterday. The...

WTO negotiator seeks fresh input on industrial goods talks

2007-10-24 00:00:00

GENEVA, Oct 23 (AFP): The chief World Trade Organisation (WTO) negotiator on the contentious topic of industrial goods yesterday urged member states to inject fresh life into stalled talks, trade sources said. Don Stephenson, the chair of the negotiating group...

Sarkozy signs $2.0b trade, military deals with Morocco

2007-10-24 00:00:00

MARRAKESH, Morocco, Oct 23 (AFP): France signed more than two billion euros (2.8 billion dollars) of civilian and military contracts with Morocco Monday during a state visit by French President Nicolas Sarkozy. Top among them was a draft accord for...

S Korean firm buys stake in Norwegian shipyard

2007-10-24 00:00:00

SEOUL, Oct 23 (AFP): A South Korean shipbuilder said today it has bought a major stake in a Norwegian shipyard for 800 million dollars in an attempt to move into the European market. STX Shipbuilding, the world's seventh-largest shipyard, said...

China hits back at IMF over yuan

2007-10-24 00:00:00

BEIJING, Oct 23 (AFP): China has hit back at the International Monetary Fund after the organisation pressed Beijing to free up the exchange rate for the yuan, state media said today. Speaking at the annual meeting of the IMF and...

China begins laying new trans-Pacific fiber optic cable to US

2007-10-24 00:00:00

BEIJING, Oct 23 (AFP): China has begun laying a 500- million- dollar fiber optic cable to the United States that will be vital in meeting booming Internet traffic between the two nations, state press reported today. The "Trans Pacific Express"...

Japan's Hitachi to stop making most home computers

2007-10-24 00:00:00

TOKYO, Oct 23 (AFP): Japan's Hitachi Ltd said Tuesday that it will stop making most personal computers (PCs) amid heated price competition with foreign rivals. The company already outsources production of business computers to US maker Hewlett-Packard and will continue...

Free trade, changing diets to put pressure on rice production

2007-10-24 00:00:00

MANILA, Oct 23 (AFP): Free trade, changing diets, and rapid urbanisation is leading to a decline in rice production, one of the world's leading experts on the crop said. "As prosperous rice-growing countries move toward free trade in agricultural production,...

China blocks US request for WTO panel on film, music imports

2007-10-24 00:00:00

GENEVA, Oct 23 (AFP): China yesterday blocked a US request for the World Trade Organisation (WTO) to rule on a complaint that Beijing restricts the import of cultural goods such as books, music and DVDs. The US asked that the...

EU uncovers fraudulent imports of Chinese textiles, shoes

2007-10-24 00:00:00

BRUSSELS, Oct 23 (Xinhua): The anti-fraud authority of the European Union (EU) said yesterday it had uncovered a multinational ring smuggling large quantities of textiles and shoes from China to the EU in a scheme to avoid millions of euros...

Oil falls below 86 dollars

2007-10-24 00:00:00

SINGAPORE, Oct 23 (AFP): World oil prices slipped further in Asia today as worries over slowing economic growth in the United States shadowed the market, dealers said. New York's main oil futures contract, light sweet crude for delivery in December,...

Laptop at $100 still too costly for poor nations: UN

2007-10-24 00:00:00

UNITED NATIONS, Oct 24 (PTI): At USD 100, a laptop is still beyond the reach of children in many poor nations, the United Nations has told a renowned computer scientist, who is behind the highly ambitious "One Laptop Per Child"...