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Subscribers suffer as cell phone network shut down

2007-08-23 00:00:00

More than 20 million (2 crore) mobile phone subscribers found communication breakdown Wednesday evening as the government asked the operators to shut down their network, reports UNB. Information available from Grameenphone Grahok Kotha said the government had asked the mobile...

Bhutto spells out power-sharing deal with Musharraf

2007-08-23 00:00:00

ISLAMABAD, Aug 22(AP): Benazir Bhutto, the former prime minister of Pakistan, detailed for the first time a plan to keep the country's US-allied president in office under a power-sharing deal she said would strengthen the fight against terrorism.General Pervez Musharraf...

Stocks fall in thin trade

2007-08-23 00:00:00

FE ReportShares on the Dhaka Stock Exchange (DSE) fell Wednesday in thin trade as student violence that spread across the country dampened the sentiment of investors, market operators said.They said prices of majority shares declined pulling down all the market...

Steps taken to keep Ctg Port operation normal during curfew

2007-08-23 00:00:00

CHITTAGONG, Aug 22 (BSS): Authorities have taken necessary measures to keep the operation of Chittagong Port normal during the curfew. "We have started issuing curfew passes for the port employees and other people involved in the process of delivering the...

India lobby group touts IT industry potential

2007-08-23 00:00:00

Amy Yee, FT Syndication ServiceNEW DELHI: India's software lobby group sought to dispel what it said was the myth that China would overtake India's lead in software outsourcing and services, claiming that its Asian rival lags three to five years...

People urged to know about UK holidaymakers scheme

2007-08-23 00:00:00

The British High Commission Wednesday criticised a section of visa agents for cheating people through lucrative advertisements on employment in the United Kingdom (UK), reports BSS.The HC in a press release Wednesday said a number of visa agents have been...

Boiler explosion in Ctg re-rolling mill kills 4 workers

2007-08-23 00:00:00

CHITTAGONG, Aug 22 (UNB): Four workers were killed and 16 others injured in a furnace boiler explosion in an auto re-rolling mill at Banubazar village in Sitakunda Upazila here Wednesday early morning.The deceased were identified as Sumon (20), Nasir (18),...

Dollar, call rate stable

2007-08-23 00:00:00

FE ReportThe US dollar was stable against the Bangladesh taka (BDT) Wednesday in the inter-bank foreign exchange market due to moderate demand for the greenback, fund managers said.The exchange rate of the dollar against the BDT fluctuated between the range...

Developments in the region and abroad

2007-08-23 00:00:00

Bird flu kills Balinese woman, raises death toll to 84JAKARTA, Aug 22 (AP): An Indonesian woman became the second person to die of bird flu on the resort island of Bali, bringing the death toll in the nation hardest hit...

Iqbal for women's involvement in cooperative movement

2007-08-23 00:00:00

Adviser for LGRD and Cooperatives Mohammad Anwarul Iqbal Wednesday urged the women to get involved in the cooperative movement to help raise the country's socio- economic progress, reports BSSHe referred to the women's minimum involvement in the cooperative movement and...

Iraq PM bristles as tensions grow with US

2007-08-23 00:00:00

BAGHDAD, Aug 22 (Reuters): Iraqi Prime Minister Nuri al-Maliki reacted sharply on Wednesday to U.S. criticism of his government's slow progress towards reconciliation in a clear sign of growing tension with his most important ally.Speaking during a visit to Damascus,...

BEPZA terms recent labour unrest in EPZs as accidental, exaggerated

2007-08-23 00:00:00

FE ReportBangladesh Export Processing Zones Authority (BEPZA), in a press release, has said, the news of recent labour unrest in the country's export processing zones (EPZs), published exaggeratedly in some newspapers, are related to just accidental incidents which occurred due...

Renovated Motijheel branch of National Bank inaugurated

2007-08-23 00:00:00

FE ReportThe renovated and newly decorated Motijheel branch of National Bank Ltd (NBL) has recently been inaugurated in the city's 3 Rajuk Avenue. NBL Managing Director M Aminuzzaman formally inaugurated the branch as the chief guest. Among others, NBL Deputy...

IBBL continues to distribute relief materials for flood victims

2007-08-23 00:00:00

FE ReportIslami Bank Bangladesh Limited (IBBL) has taken massive or conducting post-flood rehabilitation activities. This was decided in a meeting of relief activities conducting committee formed by the bank in the city recently.Chaired by Vice Chairman of the bank Zainul...

Square Hospitals, Bank Alfalah sign corporate deal

2007-08-23 00:00:00

FE Report Square Hospitals Limited and Bank Alfalah Limited have signed a corporate agreement in the city recently. Square Hospitals Director KM Saiful Islam and Bank Alfalah Head of Finance and Administration Shawkat Hossain signed the agreement on behalf of...

Asian stocks mixed as global rally loses steam

2007-08-23 00:00:00

TOKYO, Aug 22 (Internet) : Asian stock markets got off to a mixed start Wednesday with Tokyo lower in early deals as a global rally showed signs of losing momentum amid continued nervousness about US mortgage problems. Investors took a...

corporatewatch

2007-08-23 00:00:00

Announcement of EGM venueThe fourth extra-ordinary general meeting (EGM) of Social Investment Bank Limited will be held on September 10, 2007 at 10:00 am at Bashundhara City Grand Hall, Panthapath in the city. Other information of the EGM of the...

European stocks gain

2007-08-23 00:00:00

LONDON, Aug 22 (Internet): European stocks gained on speculation the US Federal Reserve will cut interest rates to ease a credit crunch and support economic growth. Societe Generale SA and Man Group Plc paced an advance by financial stocks. Neste...

Refiners' delay in delivery leads to price hike of edible oil

2007-08-23 00:00:00

Our Correspondent CHITTAGONG, Aug 22: As the owners of refineries have adopted unethical practice in supplying edible oil instead of prompt supply a kind of instability in the price level of the same is persisting in the markets. Side by...

DBL officers donate one day's salary to help flood victims

2007-08-23 00:00:00

FE Report The flood relief committee of the Dhaka Bank Limited (DBL) has decided to deduct one day's basic salary of the employees (officer and above) to assist the flood-hit people of the country as a part of corporate social...

Shahjalal Bank opens branch at Motijheel

2007-08-23 00:00:00

FE Report Shahjalal Islami Bank Limited (SJIBL) opened the 22th branch of the bank at Motijheel Commercial Area in the city Wednesday. SJIBL board of directors' Chairman Sajjatuz Jumma inaugurated the branch as the chief guest.Also present in the inaugural...

ASA starts distributing Tk 1.00m interest-free loan in B'baria

2007-08-23 00:00:00

Our CorrespondentBRAHMANBARIA, Aug 16: Association for Social for Advancement(ASA started distributing Tk 1.00 million interest-free loan among one thousand flood victims in the district. ASA arranged a loan distribution function at Char-Chartala of Ashuganj upazila. Brahmanbaria district Deputy Commissioner (DC)...

Holcim distributes relief for flood victims at Sonargaon

2007-08-23 00:00:00

FE ReportHolcim, the leading cement manufacturer of the country, distributed relief among flood victims of Sonargaon Upazilla in Narayanganj recently.The major areas of Sonargaon including Jaochar, Mangalorgao and Pirojpur have been inundated with floodwaters. Many people of the areas are...

DCCI holds workshop on quality management system

2007-08-23 00:00:00

FE ReportA three-day training workshop on 'quality management system (QMS) for SME exports' began Tuesday in the city. The Dhaka Chamber of Commerce and Industry (DCCI) in cooperation with German Technical Cooperation (GTZ) organised the workshop at the former's auditorium.GTZ...

14 US soldiers killed in Iraq

2007-08-23 00:00:00

BAGHDAD, Aug 22 (AFP): Fourteen American soldiers were killed in northern Iraq Wednesday when their Blackhawk transport helicopter crashed during a pre-dawn flight, US command said in a statement. "Initial indications are that the aircraft experienced a mechanical malfunction. There...

CIA did not effectively tackle al-Qaida before Sept 11 attacks

2007-08-23 00:00:00

WASHINGTON, Aug 22 (AP): The CIA's top leaders failed to use their available powers, never developed a comprehensive plan to stop al-Qaida and missed crucial opportunities to thwart two hijackers in the run-up to Sept. 11, the agency's own watchdog...

Japan's Abe looks to seal ties with India

2007-08-23 00:00:00

NEW DELHI, Aug 22 (AFP): Japanese Prime Minister Shinzo Abe launched top-level talks in India Wednesday after promising a major fillip for trade and ties between the two Asian countries. India and Japan are working to seal a comprehensive economic...

Two shepherd boys among 10 killed in Afghan unrest

2007-08-23 00:00:00

GHAZNI, Afghanistan, Aug 22 (AFP): Two shepherd boys were killed in the cross- fire as police clashed with Taliban rebels in southern Afghanistan, police said today. The children, from a nomadic tribe, died in fighting in the southern Afghan province...

Nuclear energy safety on top of ASEAN energy ministers' agenda

2007-08-23 00:00:00

SINGAPORE, Aug 22 (AFP): Nuclear safety issues are expected to feature prominently in talks among Southeast Asian ministers here Thursday as more countries look to nuclear as an alternative energy amid soaring oil prices, diplomatic sources said. The Association of...

Bhutto urges Pakistan power-share deal by end-August

2007-08-23 00:00:00

WASHINGTON, Aug 22 (AFP): Pakistan opposition leader Benazir Bhutto Tuesday urged President Pervez Musharraf to present a power-sharing reform package by the end of August, saying her party was becoming jittery with approaching elections. "I have shared with General Musharraf...