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Japan, Germany draw 1-1 in Fed Cup tennis

2007-07-15 00:00:00

TOYOTA (Japan), Jul 14 (AFP): Japan's 17-year-old Ayumi Morita came to the rescue of Japan by beating Angelique Kerber to draw 1-1 on the first day of the play-off tie against Germany in the Fed Cup tennis on Saturday.Tatjana Malek...

Brazil coach Dunga says Argentina favourites

2007-07-15 00:00:00

MARACAIBO, Venezuela, July 14 (bdnews24.com/ Reuters) - Brazil coach Dunga on Friday declared Argentina as favourites to win the Copa America final against his team Sunday. "From what Argentina have done so far, they are the favourites," he told reporters....

Havret, Lara lead Mickelson at Scottish Open

2007-07-15 00:00:00

LUSS (Scotland), Jul 14 (AP): Gregory Havret and Jose Manuel Lara shared a one-stroke lead over Phil Mickelson Friday, while Colin Montgomerie missed the cut at the Scottish Open.Havret birdied five holes on the back nine for a 64. Lara...

Women's nat’l handball July 19

2007-07-15 00:00:00

The Basic Bank 18th National Women's Handball Tournament, organised by Bangladesh Handball Federation, will begin on July 19 at the Dhanmondi Women's Sports Complex in the city, reports UNB.Seventeen 17 teams, including defending champions BJMC and runners-up Bangladesh Ansar, spit...

Policy approved to involve private operators in VoIP

2007-07-15 00:00:00

FE ReportThe much-talked-about "voice over internet protocol' (VoIP) business is set to get a legal cover in the country as the council of advisers approved Saturday in principle the 'International Long Distance Telephone Service (ILDTS) Policy. Chaired by Chief Adviser...

BNP 'reformists' harden stance on Khaleda

2007-07-15 00:00:00

BNP Secretary General Abdul Mannan Bhuiyan Saturday said a requisition council of BNP will be convened to push through the reform proposals even if Chairperson Khaleda Zia declined to give permission to hold the same, report agencies."After taking preparation to...

Tk 4.4b insurance claims remain unsettled in 6 years

2007-07-15 00:00:00

FE Report Insurance claims worth Tk4.44 billion have remained unsettled since 2001 mainly due to unethical practices by some general insurance companies and their clients.The claims include Tk2.10 billion against fire insurance.Unethical practices including excessive commission payment and providing false...

CPD fires salvos at central bank over monetary policy

2007-07-15 00:00:00

FE Report The Centre for Policy Dialogue (CPD) has said the monetary policy announced by the Bangladesh Bank (BB) would have a negative impact on the economy, hold back investment, employment and income and suggested necessary revision to the policy....

Oil demand growth to rise

2007-07-15 00:00:00

Javier Blas , FT Syndication ServiceLONDON: World oil demand growth will accelerate in 2008 to 2.5 per cent from this year's 1.8 per cent despite high oil prices, the industrialised countries' energy watchdog has said.The International Energy Agency's forecast comes...

Short-term treasury bills’ interest rates to go up

2007-07-15 00:00:00

Siddique Islam The Bangladesh Bank (BB) is expected to gradually raise interest rates on short-term treasury bills to pursue a contractionary monetary policy. The central bank will take the step to withdraw excess liquidity from the banking system aiming to...

24 soldiers killed in suicide attack in Pakistan

2007-07-15 00:00:00

MIRAN SHAH, July 14 (AP): A suicide bomber attacked a military convoy killing 24 soldiers in northern Pakistan Saturday, as thousands of troops were deployed to thwart a call for holy war against the government.Twenty-eight troops were also wounded in...

Sajeda demands early JS poll to protect democracy

2007-07-15 00:00:00

After a meeting with her party chief, Awami League (AL) senior presidium member Begum Sajeda Chowdhury Saturday urged the caretaker government (CG) to call parliamentary elections 'immediately' to protect democracy, reports UNB."They (incumbent govt) have come to salvage the nation....

ACC likely to discuss Faizee's 'fraudulent act'

2007-07-15 00:00:00

The Anti-Corruption Commission (ACC) is likely to discuss at its regular meeting Sunday the alleged fraudulent act of tampering with LLB mark-sheet by High Court Judge Faisal Mahmud Faizee who resigned Thursday,reports UNBSince Faizee quit the judiciary, now the ACC...

13 killed, 40 injured in tragic road mishap

2007-07-15 00:00:00

CHITTAGONG, July 14: At least 13 people were killed and 40 others injured as a bus skidded off a bridge into a roadside ditch in a tragic accident in Fatikchhari Upazila Saturday morning. Police said the Ramgarh-bound bus coming from...

Fire guts apparels, machinery of sweater factory in city

2007-07-15 00:00:00

Huge apparels and valuable machinery were gutted when a devastating fire broke out at a sweater factory in the city's Badda Satarkul area early Saturday. Local people said the fire broke out at Rahmat Garments at about 1:45 am and...

DCC ward commissioner Salu arrested

2007-07-15 00:00:00

A wanted ward commissioner of Dhaka City Corporation (DCC) was arrested by RAB from his hideout in Maghbazar area of the capital Saturday. The Rapid Action Battalion personnel also reportedly seized a licensed shotgun, 38 illegal bullets and two bottles...

Govt strengthens monitoring of ADP implementation

2007-07-15 00:00:00

Shakhawat Hossain The government has assigned the Ministry of Finance (MoF) to take a regular stock of the implementation status of development activities facilitating a mid-term budget review, official source said.The MoF has already assigned 21 sections under the budget...

ERD starts evaluation of donors' commitment to aid effectiveness

2007-07-15 00:00:00

FE ReportThe caretaker government (CG) has started to evaluate the donor community's commitment to aid effectiveness, while also harmonising the external assistance regime."We've started the exercise … It's important that the government evaluate the donors' commitment in making aid work...

Gas supply shortage hits electricity, fertiliser production in Ctg

2007-07-15 00:00:00

M Azizur RahmanDecreasing gas supply from some gas fields is forcing closure of a number of electricity generation units and hampering fertiliser production in Chittagong.Power Division sources said generation of at least 150 megawatts (MW) of electricity is being affected...

Unknown disease in Narsingdi school: 50 in hospital

2007-07-15 00:00:00

NARSINGDI, July 14 (UNB): A teacher and 50 students of a local high school in Raipur Upazila under Narsinghdi district were admitted to Sadar Hospital in the area Saturday morning after being affected by an unknown and mysterious disease. School...

Power Ministry seeks Law Ministry opinion on Chandpur project

2007-07-15 00:00:00

After failing to reach a final decision on the 100 MW Chandpur power plant project, the Power Ministry has sought legal opinion of the Law Ministry in this connection, reports UNB.The Power Ministry move would cause further delay in deciding...

Flour mills at Netaiganj hub in crisis

2007-07-15 00:00:00

NARAYANGANJ, July 14 (UNB): Flour mills at Netaiganj, country's biggest flour-producing hub, are on the verge of coming to a halt following wheat crisis in the wake of its latest price rises.Sources said importers are not showing interest in wheat...

Some movable property of Sohel F Rahman attached

2007-07-15 00:00:00

The police Saturday attached some movable property, including two tables, three chairs and two sets of sofa, of Beximco group Chairman Sohel F Rahman following a court order, reports UNB. Sohel along with his detained younger brother Salman F Rahman...

Money changers seek permission to deal in more currencies

2007-07-15 00:00:00

FE Report The country's money changers said Saturday the government should allow them to deal in the currencies of 19 countries where most Bangladeshi expatriates live.Currently, the money changers are allowed to transact three currencies like euro, sterling pound and...

Indian companies planning Aim IPOs cautioned

2007-07-15 00:00:00

Joe Leahy in Mumbai and Stacy-Marie Ishmael in London, FT Syndication ServiceIndian companies are on track for another active year on London's Alternative Investment Market (Aim) even as one of the country's most prominent bankers cautioned that it should not...

CAO asks NBR to rethink flat duty on lubricant import

2007-07-15 00:00:00

The Chief Adviser's Office (CA) has asked the National Board of Revenue (NBR) to review its imposition of a flat duty on import of all grades of lubricants in the current budget after a similar request from the Energy Ministry,...

Starting with better understanding

2007-07-14 00:00:00

Accurate statistics is one of the critical needs for proper planning, be it by the government, the private sector or the individual. Flawed statistics may adversely influence decision making --including vital ones involving expenditure and investment-- leading to undesirable outcome....

Review of acidic views

2007-07-14 00:00:00

Qazi AzadWHEN two diagnosis centers offer radically different opinions on the ailment of a seriously sick patient, the victim's relatives go for the third opinion at an additional cost. Surely, we are in a similar situation.Two individual write-ups on the...

The teacher goes back to school

2007-07-14 00:00:00

James WilsonA week at a business school should always prove illuminating for the executives who take up such opportunities. So it was for Arthur Francis -- in spite of the fact that most of his weeks are spent the same...

DUTA's angry reaction

2007-07-14 00:00:00

Mostafa AminTHE Dhaka University teachers, who taught and tell us that absolute power corrupts absolutely, have reacted sharply through their association against the government proposed Umbrella Act 2007 for the country's 28 public universities. Their association has branded it as...