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The mother who was a pencil

2007-09-01 00:00:00

Qazi Azad A discourse, half complete, is at best useless or it may be food for confusion. Having read one Mr. Maswood Alam Khan's letter on Mother Teresa in the FE issue of last Tuesday this scribe was impelled from...

Revamping jute industry

2007-09-01 00:00:00

Kamran T. RahmanLest we forget, the jute industry was the life blood of our economy for several decades and continues to be one of the mainstays of our rural economy even today. About 15 million farmers are involved in growing...

In a world of overconfidence, fear makes a welcome return

2007-09-01 00:00:00

Martin Wolf"At particular times a great deal of stupid people have a great deal of stupid money . . . At intervals . . . the money of these people -- the blind capital, as we call it, of the...

Peering into the mystery of consciousness

2007-09-01 00:00:00

Syed Fattahul AlimConsciousness is the attribute that draws the line between the world of the living and the non-living. But one may question whether the very primitive forms of life such as the protozoa possess what is usually understood by...

Polls reveal Americans' attitudes on US role in the world

2007-09-01 00:00:00

Many people have the impression that polls produce highly discrepant findings that simply do not add up. However scholars of public opinion have found that by organizing public opinion research across studies and carefully reading the wording of questions there...

Slum children have little access to education

2007-09-01 00:00:00

Shanu Mostafiz Shefali spends much of her time taking care of her younger brother. She also has to fetch drinking water for her family from nearly a half-mile away every morning when girls her age go to school.Shefali, a seven-year-old...

How long Bangladesh will be a maker of human resources for use by others?

2007-09-01 00:00:00

Enayet Rasul Lots of things are said at talk-shops such as seminars, symposiums, roundtables, etc. But the flurry of words produce nothing in the end because the authorities running this country are always found to be extremely cooperative in only...

Cracks widen beneath Musharraf's pro-US platform

2007-09-01 00:00:00

As Pakistani President Pervez Musharraf heads towards an election that is expected to secure him another five-year term, his alliance with the United States in the war on terror is increasingly alienating members of his cabinet and the ruling party....

Sermon makes quiet history

2007-09-01 00:00:00

V Radhika In a world that is still witnessing a great deal of Islam-bashing, the recent Id celebrations in a Toronto mosque made history quietly. A young woman, Maryam Mirza, 20, led part of the Id sermon; and another woman,...

Foreign exchange funds fail to fly

2007-09-01 00:00:00

Steve JohnsonA headlong rush by pension funds into active currency management has resulted in losses for many investors.And strategists are warning of further losses to come if the carry trade - the practise of borrowing in low-yielding currencies and buying...

Predicting the turns of the virtuous circle

2007-09-01 00:00:00

Richard ParkhouseFund management firms had a great year in 2006.The latest research on global fund management shows operating profit margins are at record levels, while cost/income ratios are at their lowest recorded level. And even though performance-based pay went up...

Thailand's funds broaden their horizons

2007-09-01 00:00:00

William BarnesThe recent sharp rise in the value of the Thai baht is helping reshape a hithertoconservative fund management industry by encouraging investment overseas, according to the secretary-general of the Thai Securities and Exchange Commission (SEC).The Bank of Thailand has...

Africa sees investor confidence grow

2007-09-01 00:00:00

Ruth SullivanInvesting in Africa has traditionally not been for the faint-hearted, but investors are beginning to see opportunity in the continent, particularly in sub-Saharan countries.Signs of a more favourable investment climate are emerging as economies strengthen and diversify, fuelled by...

Iraq to shadow Bush at Asia summit

2007-09-01 00:00:00

Deb Riechmann President Bush will urge U.S. allies at an Asia summit next week to stand firm against North Korea's nuclear program and to keep their troops in Iraq and Afghanistan.The president arrives in Sydney, Australia, Tuesday evening local time...

Wealthy men, not poverty, fuelling AIDS in Asia

2007-09-01 00:00:00

The HIV/AIDS epidemic in South Asia is being fuelled by the sexual behaviour of wealthy men and not by poverty as is widely believed, says a new study by UNAIDS and the Asian Development Bank.Rich men who often have unprotected...

China defence chief tries to soothe Japan's fears

2007-09-01 00:00:00

Isabel ReynoldsChina tried to ease Tokyo's worries over its ballooning military spending in a meeting on Thursday at which the Asian rivals' defence ministers agreed to stage the first-ever visit by a Chinese warship to Japan.Cao Gangchuan's trip to Japan...

Asia raises the economic bar

2007-09-01 00:00:00

John WilkinsonChina's gross domestic product (GDP) for the first half of this year was 11.5 per cent, which is its 11th year of significant GDP growth.Invesco Hong Kong investment director Maggie Lee said for the past 10 years China has...

Malaysia's economy grows 5.7pc in Q2

2007-09-01 00:00:00

Rupa DamodaranTHE Malaysian economy expanded 5.7 per cent in the second quarter of this year, beating market expectations that gross domestic product (GDP) growth would come in at 5.5 per cent year-on-year.Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar...

Financial institutions in Asia feel subprime shock

2007-09-01 00:00:00

Jason SimpkinsThe state-run Bank of China and its Hong Kong subsidiary last week stunned investors by revealing a combined $11.25 billion in holdings related to the U.S. subprime debt market, the largest potential exposure reported by an Asian company and...

ICCB, GTZ hold workshop on 'Incoterms 2000' today

2007-09-01 00:00:00

FE Report Bangladesh National Committee of International Chamber of Commerce (ICC), the world business body, in collaboration with German Technical Cooperation (GTZ) will hold a day-long workshop on the latest international commercial terms, known as 'Incoterms 2000' today (Saturday) at...

Slight decline in prices of vegetables

2007-09-01 00:00:00

FE ReportPrices of vegetables and green chilli declined slightly while the prices of other essential commodities remained unchanged in the city markets over the past week, traders said.Traders said the prices of vegetables declined in the city markets mainly due...

weekly money market

2007-09-01 00:00:00

Call rate maintains steady levelSarwar ZahanThe inter-bank call money rate remained steady throughout last week despite withdrawal of large amounts of cash through auctions of reverse repurchase agreement (repo), treasury bills, Bangladesh Bank treasury bills and Bangladesh Bank (BB) bills,...

Continental Insurance declares 7.5pc dividend

2007-09-01 00:00:00

FE Report Continental Insurance Limited (CIL) has declared 7.5 per cent dividend for its shareholders. The dividend was approved in CIL's 7th annual general meeting (AGM) held in the city recently. The company's Chairman Md Musa Meah presided over the...

BRAC Bank relocates Agrabad branch

2007-09-01 00:00:00

FE ReportBRAC Bank Limited recently relocated its Agrabad branch to C and F Tower at 1222 Sheikh Mujib Road from Progoti House at 1070 Sheikh Mujib Road in the port-city.BRAC Bank Managing Director and CEO Imran Rahman formally inaugurated the...

IDB president visits IUT

2007-09-01 00:00:00

Islamic Development Bank (IDB) President Ahmad Mohamed Ali Friday visited the Islamic University of Technology (IUT), a subsidiary organ of the Organisation of the Islamic Conference (OIC), reports UNB.IUT Vice-Chancellor M Fazli Ilahi apprised him of the objectives and various...

IBCCI president off to Kolkata

2007-09-01 00:00:00

FE ReportIndia-Bangladesh Chamber of Commerce and Industry (IBCCI) President and Nitol Group Chairman Abdul Matlub Ahmad left the city for Kolkata Tuesday.During his stay in Kolkata Matlub Ahmad will join a meeting with the members of FICCI and other business...

weekly currency roundup

2007-09-01 00:00:00

Commercial Bank of CeylonAug 26 - Aug 29, 2007In the last week of August, US dollar kept its bullish tone againstBangladesh taka due to continued high demand for foreign exchange to meet import-related obligation and relatively lower inward remittances as...

10th anniversary of Diana's death marked

2007-09-01 00:00:00

LONDON, Aug 31 (Agencies): Princess Diana's family gathered Friday to solemnly mark the 10th anniversary of her death, while admirers tied scores of bouquets, poems and pictures to the gates of her former home. It was a day for broadcasting...

Pakistan's Bhutto gambles on Musharraf

2007-09-01 00:00:00

ISLAMABAD, Aug 31 (Agencies): Exiled former leader Benazir Bhutto is gambling her future on a power-sharing deal with President Gen. Pervez Musharraf, hoping to revive a political dynasty. Bhutto is urging Musharraf to step down as military chief and drop...

Global warming might spur earthquakes and volcanoes

2007-09-01 00:00:00

Earthquakes, volcanic eruptions, tsunamis and landslides are some of the additional catastrophes that climate change and its rising sea levels and melting glaciers could bring, a geologist says. The impact of human-induced global warming on Earth's ice and oceans is...