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Pakistan court hears ex-PM's exile appeal

2007-08-10 00:00:00

ISLAMABAD, Aug 9 (AFP): Pakistan's Supreme Court Thursday began deliberating an application by former prime minister Nawaz Sharif to have his exile overturned and be permitted to return to the country. Sharif lodged his appeal earlier this month to end...

Ukraine man declared the world's tallest

2007-08-10 00:00:00

KIEV, Ukraine, Aug 9 (AP): A Ukrainian man is the tallest person in the world at 8 feet 5 inches, overshadowing a Chinese man who previously held the title, Guinness World Records said Wednesday. Leonid Stadnik, a 37-year-old former veterinarian,...

Nine soldiers killed in Philippines ambush

2007-08-10 00:00:00

ZAMBOANGA, Philippines, Aug 9 (AFP): Muslim extremists killed nine soldiers, and wounded two others, in an ambush on their convoy Thursday in the southern Philippines, the military said. The attack took place outside Maimbung town on the island of Jolo...

Hedging the second most important export sector

2007-08-10 00:00:00

THE export-oriented frozen food sector which includes mainly the export of shrimp, has been emerging as the second most important item in the country's export trade after readymade garments. Considering its future potential as an export item of value, it...

Expanding the export basket

2007-08-10 00:00:00

Syed Ishtiaque RezaBANGLADESH'S flagship export item -- ready made garment sector (RMG) -- is reportedly losing orders from foreign buyers. If it is really a declining earning trend for the RMG sector, then the entire export sector of the country...

Remittances and economic development

2007-08-10 00:00:00

Md. Abdul JabbarREMITTANCES have played a significant role in poverty reduction in most of the developing countries. However, there have been few studies on the impact of remittances on the growth of GDP of a country. In estimating the impact...

Demanding probe against former chief justice

2007-08-10 00:00:00

Amy Yee THE allegations have thrown the spotlight on what critics see as the lack of accountability in India's judiciary, which is renowned for its plodding procedures, the impunity it grants sitting judges and a mounting backlog of cases.Y.K. Sabharwal,...

The supply of agro-inputs

2007-08-10 00:00:00

THE supply of basic agro-inputs such as fertilisers is noted to be a rather unreliable and corruption-riddled process nowadays. Not only fertilisers, farmers have been found facing difficulties in getting smooth supply of other inputs like seeds, irrigation water, diesel...

Providing succour to the flood-hit people

2007-08-10 00:00:00

This year's flood has already caused a havoc to the lives of millions of people. So far the death toll crossed 150 persons. It also caused an extensive loss of crops and property. The present government as well as the...

Myanmar commits to upgrading ASEAN highway domestic sections by 2009

2007-08-10 00:00:00

YANGON, Aug. 9 (Xinhua): Myanmar is striving to complete upgrading its four domestic sections of roads of the ASEAN Highway Network to Class-3 by 2009 under an agreement reached by ASEAN Transport Ministers at their meeting in Yangon last month,...

FDI commitment grows up in Nepal

2007-08-10 00:00:00

KATHMANDU, Aug. 9 (Xinhua): Despite political breakthrough and steps toward restoring peace, foreign direct investment (FDI) commitment grew by a meager 313 million Nepali rupees (some 4.8 million US dollars) over the fiscal year in 2006/07 ended in mid- July....

China won't push down dollar in absence of serious dispute

2007-08-10 00:00:00

BEIJING, Aug 9 (AFP): China will not sell off its US dollar assets as long as there is no major disagreement with the United States, a researcher at a top government think tank said today. Zhang Ming, an economist with...

Thai consumer confidence hits new five-year low in July

2007-08-10 00:00:00

BANGKOK, Aug 09 (AFP): Thailand's consumer confidence fell to a new five-year low in July amid concern over high oil prices and pressure on exports as the baht held firm against the dollar, researchers said today. The July consumer confidence...

Medical tourism set to become a $ 2b industry

2007-08-10 00:00:00

NEW DELHI, Aug 9 (PTI): Growing at the rate of 25 per cent a year, medical tourism is on track to become a USD two billion industry in another five years. An estimated 1,50,000 patients arrived in 2004 from across...

India seeks more investment from Gulf region

2007-08-10 00:00:00

DUBAI, Aug 9 (PTI): India, which is wooing foreign investment in all sectors especially in infrastructure, is eyeing Foreign Direct Investments (FDIs) from the cash-rich Gulf region. "India is keen to promote its trade and political ties with the neighbouring...

China asks US importers to share responsibility for recalled toys

2007-08-10 00:00:00

BEIJING, Aug 9 (CEIS): China said yesterday that the United States importers and brand owners should take responsibility for recalled toys, as statistics showed the US product quality watchdog filed 29 recall cases involving toys made in China in 2006....

Britain lowers restrictions amid EU extension of foot and mouth ban

2007-08-10 00:00:00

LONDON, Aug 9 (AFP): Restrictions on animal movement imposed after a foot and mouth outbreak in Britain last week were eased today, though the European Union extended its ban on British meat and livestock exports. Livestock were also being culled...

EU economies to grow by 2.9 pc in 2007

2007-08-10 00:00:00

PARIS, Aug 9 (Xinhua): The financial rating agency Standard and Poor's (SP) is projecting that economic growth rate within the European Union will be between 2.9 per cent and 2.6 per cent in 2008, according to a statement published by...

S Korea raises interest rates for second month

2007-08-10 00:00:00

SEOUL, Aug 9 (AFP): South Korea today raised its key interest rate for the second time in as many months in an attempt to soak up liquidity and keep inflation in check. The Bank of Korea announced it was raising...

Australian unemployment rate steady at historic lows

2007-08-10 00:00:00

SYDNEY, Aug 9 (AFP): Australia's unemployment rate remained steady at 4.3 per cent in July, according to official figures today. Australian Bureau of Statistics (ABS) data showed the nation's unemployment rate remained at a seasonally-adjusted 4.3 per cent recorded in...

Indian sugar influx in Pakistani markets

2007-08-10 00:00:00

ISLAMABAD, Aug 9 (PTI): Indian sugar is all set to hit the local market in a big way as two consignments of 12,000 tonnes are reaching Pakistan in next two to three days. The first consignment of 6,000 tonnes is...

Biofuels shift seen to put major squeeze on food prices

2007-08-10 00:00:00

MANILA, Aug 9 (AFP): A global shift toward renewable energy could jack up food prices by up to 80 per cent as crops and farmland are diverted to producing biofuels, an international agricultural think-tank warned today. Joachim von Braun, director-general...

Oil prices fall as speculators sell off

2007-08-10 00:00:00

NEW YORK, Aug 9 (AFP): World oil prices finished lower yesterday in choppy trade, despite a larger than expected decline in US crude stocks, as speculators engaged in a bout of profit- taking, traders said. Prices still remain relatively high,...

CICL, CRAB sign credit rating deal

2007-08-10 00:00:00

FE Report Central Insurance Company Limited (CICL) and Credit Rating Agency of Bangladesh Limited (CRAB) signed an agreement for credit rating at the CICL head office in the city recently. CICL Acting Managing Director Md Fasiar Rahman and CRAB Vice-chairman...

Dollar supported by firm stocks in Asian trade

2007-08-10 00:00:00

TOKYO, Aug 9 (AFP): The dollar was steady in Asian trade today, supported by rebounding global share prices, while the market reacted cautiously to a report that China might dump greenbacks, dealers said. The dollar eased to 119.64 yen in...

Japan looks to turn straw into biofuel amid price crunch

2007-08-10 00:00:00

TOKYO, Aug 9 (AFP): Japan will study turning inedible crops such as straw into biofuel to run cars amid concern that the growing popularity of ethanol is inflating food prices, an official said today. Biofuels are seen as alternative clean...

Lexco Limited holds AGM

2007-08-10 00:00:00

FE ReportLexco Limited, a 100 per cent export-oriented leather industry of the country, held its 27th annual general meeting (AGM) at its head office at Hazaribagh in the city Thursday with Abdul Mateen in the chair.Managing Director of the company...

India auto sales down

2007-08-10 00:00:00

NEW DELHI, Aug 09 (AFP): Vehicle sales in India fell 5.7 per cent between April and July compared with a year ago, an industry lobby group said today, as demand for motorbikes and trucks waned on higher credit costs. Domestic...

Annual FDI inflow estimated at 0.8pc of country's GDP

2007-08-10 00:00:00

Sarwar ZahanThe annual inflow of foreign direct investment (FDI) into the country during 2000-05 period has been estimated at 0.8 per cent of the Gross Domestic Product (GDP) on an annual average. The United Nations Conference on Trade and Development...

Prime Bank opens 54th branch at Comilla

2007-08-10 00:00:00

FE ReportPrime Bank Limited (PBL) opened its 54th branch at Comilla Wednesday. Former chairman of PBL board of directors Imam Anwar Hossain inaugurated the branch as the chief guest, and its Managing Director M Shahjahan Bhuiyan presided over the inauguration...