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SAARC CEC to meet in city next month

2007-10-20 00:00:00

Naim-Ul-KarimThe Committee on Economic Cooperation (CEC) of the SAARC will sit in Dhaka next month to discuss stalled issues and remove the hurdles that pose a challenge to the economic growth of the region, diplomatic sources said. SAARC (South Asian...

Dist, upazila-level anti-graft bodies likely to start functioning at Dec-end

2007-10-20 00:00:00

Corruption prevention committees at district and upazila levels, a move initiated by the Anti-Corruption Commission (ACC) with a view to creating mass awareness against graft, are likely to begin functioning at the end of December next, reports UNB."We've already received...

Asian stocks fall due to surging oil prices

2007-10-20 00:00:00

SINGAPORE, Oct 19 (Internet)): A fresh spike in oil prices above 90 USD a barrel weighed on stock markets across Asia Friday as investors worried that rising energy costs will hurt companies and consumers and put the brakes on global...

India PM rejects resignation call

2007-10-20 00:00:00

NEW DELHI, Oct 19 (Internet): Indian PM Manmohan Singh has rejected calls from the main opposition party to resign after his government appeared to have shelved a nuclear deal with US. Singh said he had not "given up hope" on...

Developments in the region and abroad

2007-10-20 00:00:00

Shopping centre explosion kills eight in ManilaMANILA, Oct 19 (Internet): At least eight people have been killed and 70 injured by an explosion that tore through a busy shopping centre in the Philippines capital, Manila.The cause of the lunchtime blast...

Top jewellers told to cut trade links with Burma

2007-10-20 00:00:00

Andrew TaylorFT Syndication ServiceLONDON: Trade unions Thursday called on three of London's top jewellery retailers -- Asprey, Harrods and Leviev -- to sever all trading links with Burma following EU trade sanctions announced earlier this week.Under the sanctions, companies operating...

Investors' enthusiasm buoys DSE shares

2007-10-20 00:00:00

FE Report The rally of stocks continued on the Dhaka Stock Exchange (DSE) last week thanks to investors' enthusiasm to buy shares of some selected issues including Rupali Bank, BRAC Bank and Trust Bank.Rupali Bank, a Z-category issue, attracted a...

Pakistan, Iran closer to IPI gas deal finalisation

2007-10-20 00:00:00

ISLAMABAD, Oct 19 (PTI): Pakistan and Iran are close to finalising a gas purchase agreement for the USD 7.4 billion India, Pakistan, Iran (IPI) pipeline during technical talks here, even as officials said India's decision not to take part in...

Delwar claims right to EC talks

2007-10-20 00:00:00

BNP secretary general Khandaker Delwar Hossain Saturday staked a claim to any dialogue with the Election Commission. "The Election Commission will certainly send me a letter in line with the law as I am the secretary general of the BNP,"...

Dollar recovers from record low

2007-10-20 00:00:00

The dollar rebounded from record lows against the euro on Friday, as investors awaited the outcome of a meeting of Group of Seven finance ministers and central bankers in Washington

Reduction in supply during Eid vacation pushes up prices of some essentials

2007-10-20 00:00:00

FE ReportReduction in supply during the Eid vacation pushed up the prices of some essential commodities in the city markets although the presence of customers was comparatively thin after the holidays.Market operators said the supply of essential commodities was disrupted...

IBBL holds managers' confce of authorised dealer branches

2007-10-20 00:00:00

FE ReportA day-long managers' conference of authorised dealer branches of Islami Bank Bangladesh Limited was held at a city hotel Friday. Audit Committee Director and Chairman of the bank Kazi Harun-ar-Rashed was present in the function as the chief guest...

Singer launches new store in Kushtia

2007-10-20 00:00:00

FE ReportSinger Bangladesh Limited (SBL) launched its 229th Plus Store at Kushtia-Jhenaidah Road in Kushtia recently. This is the second Plus Store of the company in that town.SBL Director (Marketing) Sajidur Rahman Khan formally inaugurated the new store. SBL national...

Call rate maintains steady level

2007-10-20 00:00:00

Sarwar ZahanThe inter-bank call money rate maintained its steady level last week despite withdrawal of large amounts of cash through auctions of reverse repurchase agreement (repo), treasury bills, Bangladesh Government Treasury (BGT) bonds and Bangladesh Bank (BB) bills, fund managers...

Unauthorised sawmills mushroom in B'baria

2007-10-20 00:00:00

Our CorrespondentBRAHMANBARIA, Oct 19: Unauthorised sawmills are mushrooming in the district leading to an environmental hazard, sources said.According to the sawmill control ordinance of 1998, setting up of sawmills is not allowed beyond municipality area. But the mills are being...

Commercial Bank of Ceylon

2007-10-20 00:00:00

After four-day national holidays the banking sector opened on Tuesday with an experience of some appreciation in USD against Bangladesh taka. Banks were engaged in paying large import obligations and were running short position before Eid ul Fitr expecting that...

Pakistanis ponder a future with Bhutto

2007-10-20 00:00:00

Ashraf KhanUnder a scorching sun, Yaseen Ali religiously repaints the fading contours of a vast picture of former Prime Minister Benazir Bhutto hoisted on the approach road to her ancestral residence in southern Pakistan.The 26-year old unemployed arts graduate is...

US sees North Korea ending uranium enrichment programme

2007-10-20 00:00:00

Michael Perry U.S. Assistant Secretary of State Christopher Hill said recently he believed North Korea would stop its uranium enrichment programme by the end of the year. Were the reclusive state to take such a step it would go beyond...

Loyalists rejoice at Benazir’s return

2007-10-19 00:00:00

KARACHI, Oct 18 (The Globe and Mail): Pakistan's teeming port city, was in carnival mood last night ahead of the arrival of Benazir Bhutto, despite the security threat hanging over her return.Roads leading to the airport, where former prime minister...

Turkey lawmakers okay possible attack on Kurdish rebels in Iraq

2007-10-19 00:00:00

ISTANBUL, Oct 18 (AP): Parliament authorised the government Wednesday to send troops into northern Iraq to root out Kurdish rebels who've been conducting raids into Turkey. The vote removed the last legal obstacle to an offensive, but there was no...

Putin calls US campaign in Iraq ‘pointless’

2007-10-19 00:00:00

MOSCOW, Oct 18 (AP): President Vladimir Putin, in his latest jab at Washington, suggested Thursday that the US military campaign in Iraq was a "pointless" battle against the Iraqi people, aimed in part at seizing the country's oil reserves. Putin...

US ex-military brass call for Iraq withdrawal

2007-10-19 00:00:00

WASHINGTON, Oct 18 (AFP): American ex-military men spoke out this week against the management of the war in Iraq, opening a rare schism between those whose duty is to serve and the politicians who give them marching orders. Over the...

Bar Iran from nuclear arms to avoid World War III: Bush

2007-10-19 00:00:00

WASHINGTON, Oct 18 (AFP): President George W. Bush Wednesday warned Iran must be barred from nuclear weapons to avoid the prospect of "World War III," and dismissed suggestions of a US-Russia rift on the crisis. Bush intervened hours after Russian...

Warming causing stress in Arctic

2007-10-19 00:00:00

WASHINGTON, OCT 18 (AP): The Arctic is under increasing stress from warming temperatures as shrubs colonise the tundra, changing wildlife habitat and local climate conditions, researchers said. Sea ice fell well below the previous record, caribou are declining in many...

India, Pakistan open new round of peace talks

2007-10-19 00:00:00

NEW DELHI, Oct 18 (AFP): India and Pakistan resumed talks in New Delhi Thursday as part of their slow-moving peace process, officials said. The Indian foreign ministry said the day-long meeting between mid-ranking diplomats would focus on reducing tensions along...

Iraqi Kurds call for direct talks with Ankara

2007-10-19 00:00:00

ARBIL, Iraq, Oct 18 (AFP): Iraq's regional Kurdish government called Thursday for direct talks with Ankara after the Turkish parliament authorised a military incursion into their territory to crack down on rebel fighters. "The KRG welcomes direct dialogue with Ankara...

China summons US ambassador to protest Dalai Lama

2007-10-19 00:00:00

BEIJING, Oct 18 (AFP): China said it had summoned the US ambassador in Beijing Thursday to deliver a strong protest over the honouring of the Dalai Lama in Washington. "Chinese Foreign Minister Yang Jiechi has... summoned US ambassador (Clark) Randt...

Fighting between Hamas and Fatah-linked Gaza clan kills 4

2007-10-19 00:00:00

GAZA CITY, OCT 18 (AP): A clash between Hamas security forces and members of a large Gaza clan affiliated with the rival Fatah party left four people dead, a Hamas official said. Two of the dead were Hamas security officers...

UN stops Somalia food aid as gunmen seize official

2007-10-19 00:00:00

MOGADISHU, Oct 18 (AP): Dozens of Somali government troops have seized a senior United Nations official in Mogadishu in the latest attack on humanitarian workers in the war-torn Horn of Africa country, prompting the UN food agency to suspend aid...

news digest

2007-10-19 00:00:00

Russia test fires ICBM missile MOSCOW, Oct 18 (AFP): Russia announced the successful test firing Thursday of an inter-continental missile, news agencies reported. The inter-continental RS-12M Topol missile was launched from a base in the northwestern Arkhangelsk region and hit...