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How to meet the basic needs of public officials

2007-08-18 00:00:00

Abdul KhalequeTHE reported government move for enhancing the official land price and the registration fee by 200 per cent to 1150 per cent would raise the cost of land purchase, when it becomes effective. Then, it may create a situation...

Auditors told to scrutinise credit risks

2007-08-18 00:00:00

Jennifer HughesAUDITORS are preparing for particularly careful scrutiny of companies' assumptions about valuation and the risks posed to their businesses in the light of current market volatility.Two of the Big Four UK accountancy groups have issued internal memos advising their...

Citizens' mounting worries

2007-08-18 00:00:00

Worries are mounting for those of us who belong to what can be called the remnants of the middle class. Prices are on an unabated rise, making it difficult to maintain the modicum standard of living that we could enjoy...

Deadly blood transfusions

2007-08-18 00:00:00

A news agency reported sometime ago that the blood of four persons was tested and found positive for HIV/AIDS in Rajshahi. The more shocking and worrying aspect of the finding is that only one of these carriers of HIV/AIDS was...

Toy story with a tough moral for managers

2007-08-18 00:00:00

Bernard SimonMarc Bertrand is a chastened man. Over the course of four decades, Mr Bertrand's parents, followed by Marc and his brother Vic, turned their small Montreal toy distributor into one of the world's biggest makers of children's building sets,...

History of crisis: how bad things happen to good companies

2007-08-18 00:00:00

l Johnson & Johnson, the healthcare products group, is still cited as a case of how to get it right. In 1986 it was discovered that some bottles of its Tylenol painkiller had been laced with cyanide. Although Tylenol contributed...

How Karl Rove lost a generation of Republicans

2007-08-18 00:00:00

James CarvilleThere is an old joke that campaign veterans toss around war rooms, bars and BS sessions. We say there are people who have worked in campaigns who say that they have lost some - and we call those folks...

A divine perspective on global poverty

2007-08-18 00:00:00

Sarah Murray God and Mammon are not generally seen in each other's company, let alone in a business school classroom. But as more MBA students become interested in the potential for the private sector to foster growth in some of...

A well-travelled guide to the treacherous byways of finance

2007-08-18 00:00:00

Linda Anderson Explaining to a group of international students the effects of asset market bubbles and collateral, of debt capacity and corporate investment is not an enviable task.But Jie Gan of Hong Kong University of Science and Technology has the...

UN urges rethink on biofuels

2007-08-18 00:00:00

Javier BlasThe world risks deeper poverty and greater environmental damage unless it fundamentally changes its bioenergy strategy, the United Nations' top food and agriculture official has warned.The UN Food and Agriculture Organisation is pushing for a high-level meeting next June...

Unlike China's 'me-generation'

2007-08-18 00:00:00

Ma. Ceres P. DoyoOne of this year's seven Ramon Magsaysay awardees, China's Chen Guangcheng who is blind, will not be able to come. He is in prison.Last week's Time magazine's cover story is about China's burgeoning young adults (under age...

Asean charter: should we settle for second best?

2007-08-18 00:00:00

Kavi ChongkittavornCome November in Singapore, the Asean leaders have to make the choice of whether to settle for the best or the second-best Asean charter.They must iron out their remaining differences and set Asean's future direction akin to the first...

Railway brings new era for Tibet

2007-08-18 00:00:00

Michael BristowLhasa's railway cargo depot lies at the end of a partly-paved road, full of potholes, around 20km (12.5 miles) outside the Tibetan capital. Scurrying to and fro along its platforms, uniformed workers unload everything from construction materials to incense....

Japan cash windfall creates dilemmas

2007-08-18 00:00:00

Chris HoggIf someone left an envelope with a crisp 10,000 yen ($80, £41) note in it, would you: A - get on the phone to your favourite restaurant and find out if they have a spare tableB - get down...

Roh proposes economic bloc with N Korea

2007-08-18 00:00:00

Anna Fifield in Seoul South Korea will seek North Korea's agreement to start creating a joint economic community when the divided peninsula's leaders meet in Pyongyang later this month in a summit that is being billed as a watershed in...

Agonies of small people to mount

2007-08-18 00:00:00

Enayet Rasul The savers include pensioners, housewives, small job holders, operators of small businesses and others who cannot be considered as rich people. They may have an existence above the poverty level but they cannot be counted as affluent ones...

Black soil, green rice

2007-08-18 00:00:00

Stephan M HaefeleIn the 1870s, scientists exploring Amazonia in South America made an unusual discovery. Working independently, James Orton, Charles Hartt, and Herbert Smith described patches of black or dark brown soils, varying in size from 5 to more than...

Behavioural education and its importance

2007-08-18 00:00:00

Sharifa Sultana Dhaka University's first year students Raju, Pavel and Sujon are close friends. One afternoon, the three friends were having a good time at TSC. Bangladesh, its people and culture were the topics of their discussion. Listening to their...

Averting energy crunch and global warming

2007-08-18 00:00:00

Syed Fattahul AlimEnergy is what keeps living as well as the non-living world moving. Here the focus, however, will be on the energy need of the world of the living, and more particularly, of the humans and their societies. The...

Birth registration essential for children's welfare

2007-08-18 00:00:00

Shanta Sultana Sharmin Akhter Kona was only 14 when she eloped with her boyfriend. Kona's family did not approve the marriage saying it was illegal as she was underage. Her father even filed an abduction case against her boyfriend, but...

Merrill Lynch's painful lesson in subprime

2007-08-18 00:00:00

Tim McLaughlinOn the same December day Merrill Lynch & Co. Inc. paid $1.3 billion for a subprime lender, the world's largest brokerage got a rude introduction to risky mortgages.Merrill Lynch's newly minted First Franklin Financial Corp suffered a loss of...

The global appeal of Haruki Murakami

2007-08-18 00:00:00

Akira NagaeAutumn of 2006 saw many of the large bookshops in Japan providing corners to display the works of Haruki Murakami. But this was no bargain sale. These corners were set up because expectations were riding high that Murakami would...

Merrill Lynch's painful lesson in subprime

2007-08-18 00:00:00

Tim McLaughlinOn the same December day Merrill Lynch & Co. Inc. paid $1.3 billion for a subprime lender, the world's largest brokerage got a rude introduction to risky mortgages.Merrill Lynch's newly minted First Franklin Financial Corp suffered a loss of...

Rice, edible oil dearer in markets

2007-08-18 00:00:00

FE ReportThe shortage in supply made rice and edible oil dearer. Vegetable prices declined while the prices of other essential commodities remained unchanged in the city markets over the past week.Traders said the prices of rice have recently gone up...

Mutual Trust Bank holds anti money-laundering seminar

2007-08-18 00:00:00

FE ReportMutual Trust Bank (MTBL) organised an anti money-laundering seminar at the bank's principal branch recently. MTBL Managing Director Kazi Md Shafiqur Rahman inaugurated the seminar. Swapan Kumar Biswas, DGM of Anti Money-laundering Department of Bangladesh Bank, was the main...

weekly currency roundup

2007-08-18 00:00:00

Commercial Bank of CeylonAugust 12 - August 16, 2007The third week of August saw some real volatility in the USD/BDT market, as most of the banks were paying their import obligations in the first three days. From the fourth day,...

weekly money market

2007-08-18 00:00:00

Call rate remains steadySarwar ZahanThe inter-bank call money rate remained steady last week despite withdrawal of cash through reverse repurchase agreement (repo), treasury bills and Bangladesh Bank (BB) bills, fund managers said.The market experienced a higher demand for cash that...

Relatives search bodybags in Peru quake

2007-08-18 00:00:00

PISCO, Peru, Aug 17 (AP): Rescuers searched intensely through the night into morning Friday, combing rubble for any survivors after a powerful earthquake devastated cities and sent a church's soaring ceiling tumbling down on hundreds of worshippers in southern Peru....

Traumatised ROK hostages return home

2007-08-18 00:00:00

SEOUL, Aug 17 (AFP): Two female aid workers freed by Afghanistan's Taliban returned home Friday to South Korea, after learning for the first time that two fellow captives were killed during the nearly month-long ordeal. Kim Gi-Na and Kim Kyung-Ja...

US Democrats slam 'political spin' over Iraq report

2007-08-18 00:00:00

WASHINGTON, Aug 17 (AFP): Anti-war Democrats Thursday accused President George W. Bush of plotting to lace a potentially pivotal report on his Iraq troop surge strategy with "White House spin." The attack came as senior congressional aides were reported as...