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Come forward in aid of victims: Moeen

2007-11-21 00:00:00

Army Chief General Moeen U Ahmed Tuesday called upon the countrymen to come forward in aid of the victims of cyclone 'Sidr' that slammed inland from the bay Thursday night and wrecked country's southern region, reports UNB from Bagerhat.Assuring all...

Gen Masud rules out talks with politicians

2007-11-21 00:00:00

Principal Staff Officer (PSO) of the Army Lt General Masud Uddin Chowdhury ruled out the necessity of sitting with politicians to discuss the matters relating to relief goods for the cyclone victims and said all should respond to the humanitarian...

What goes up must come down

2007-11-21 00:00:00

Shamsul Huq Zahid Nothing, seemingly, has been able to deter the upbeat investors from speculative buying of stocks for the last few months. Investors, who are at the moment gripped by herd-mentality, are shrugging off all the good advices from...

SEC directive triggers price correction in DSE

2007-11-21 00:00:00

FE ReportShare prices on the Dhaka Stock Exchange(DSE) went down sharply Tuesday as the capital market regulatory body has taken a move to cool down the overheated market.The downtrend in stock prices came following the Securities and Exchange Commission (SEC)'s...

Armed Forces Day today

2007-11-21 00:00:00

The Armed Forces Day will be observed today (Wednesday) with due solemnity and enthusiasm to mark the counter-offensive against the Pakistani occupation army during the Bangladesh Liberation War in 1971, reports UNB.On this day in 1971, Bangladesh Armed Forces, comprising...

Bangladesh warned of food price concerns

2007-11-21 00:00:00

Amy Yee, FT Syndication ServiceNEW DELHI: As relief teams in Bangladesh rush to help millions of people affected by last week's fierce cyclone, officials and aid agencies have warned that extensive crop damage and food price inflation threaten to deepen...

Developers to rebuild village in Barguna

2007-11-21 00:00:00

FE ReportThe real estate developers Tuesday announced at the inaugural ceremony of the Seventh REHAB Fair-2007 to rebuild a village in Barguna district, which has been worst affected by the cyclone, as a part of its social welfare activities.A five-day...

Revenue losses due to cyclone won't be too big: GP CEO

2007-11-21 00:00:00

FE ReportAs mobile telephony titan, GrameenPhone (GP), races ahead with robust revenues, driven by a strong subscriber base, its top executive has insisted that the savage storm that lashed the country's southwest coastal belt last week will not drag down...

Saarc body to discuss trade issues in Dhaka next week

2007-11-21 00:00:00

FE ReportThe South Asian Association for Regional Co-operation (SAARC) committee on economic cooper ation (CEC) will hold its next meeting in Dhaka with a view to enhancing trade cooperation among the member states.Bangladesh will host the 13th meeting from 24-25...

Nine ferries yet to be pressed into post-SIDR service

2007-11-21 00:00:00

Nine out of the 18 ferries washed up on the shores in Barisal and Khulna divisions by Thursday night's severe cyclone could not yet be salvaged as the storms left a trail of destruction in the communication sector too. Of...

Record 493,000 go abroad with jobs so far

2007-11-21 00:00:00

The number of Bangladeshi workers going abroad for employment crossed an all-time high at 493,000 until November 18 last, as newer manpower-export markets are opening up. —UNB

Dhanmondi power sub-station goes out of order

2007-11-21 00:00:00

FE ReportSeveral parts of Dhaka city witnessed frequent disruptions to power supply Tuesday due to shutdown of a major sub-station as the authorities were struggling to repair the damage in the system caused by Thursday's cyclone.Sources said business activities as...

Mirza Aziz opens OMNIBUS

2007-11-21 00:00:00

FE Report Finance Adviser AB Mirza Md Azizul Islam Tuesday inaugurated OMNIBUS association that will allow the customers of 13-member banks to have an access to all ATM/POS machines under the same network.BRAC Bank Ltd and IT Consultants Ltd have...

Voter listing starts in city

2007-11-21 00:00:00

An onerous task of preparing voter list for Dhaka City Corporation (DCC) areas kicked off Tuesday with much enthusiasm, as the countrywide exercise in preparation for the next election started coming into culmination, reports UNB.The Election Commission (EC) is considering...

Political influence 'should be minimised in banking system'

2007-11-21 00:00:00

FE Report Banks will have to make financial disclosures with off-balance sheet risks to public for ensuring their accountability and transparency, former Governor of the Reserve Bank of India (RBI) Bimal Jalan said in Dhaka Tuesday. "Banking has different characteristics....

Amendments to Money Laundering Prevention Act tied up in red tape

2007-11-21 00:00:00

Shakhawat Hossain The cabinet division has inquired about the progress in the adoption of the Money Laundering Prevention Act 2007. The adoption, according to sources, is being delayed due to bureaucratic complexities.In a letter to the Ministry of Finance (MoF)...

Frozen food sector suffers Tk 4b loss

2007-11-21 00:00:00

FHM Humayan KabirExporters and businessmen have claimed a loss of over Tk 4.0 billion in the country's frozen food sector due to recent devastating cyclone Sidr that hit the southwestern costal shrimp farming areas.They also feared the export earnings might...

Foreign aid pledges pour in

2007-11-21 00:00:00

The United Nations, European Commission (EC), Islamic Development Bank (IDB) and many countries have announced emergency relief packages for Bangladesh's cyclone victims, report UNB and BSS.The UN approved $9.0 million, while the EC euro 6.5 million, the IDB $2,00,000, Kuwait...

Relief efforts intensify

2007-11-21 00:00:00

Relief workers and the armed forces including army, air force and navy intensified efforts Tuesday to reach millions of survivors after the cyclone that killed nearly 3,500 people along the Bay of Bengal, report bdnews24.com/Reuters. A huge relief operation was...

Strategies for the RMG sector

2007-11-20 00:00:00

THE three-day long Bangladesh Apparel and Textile Exposition (BATEXPO) ended Saturday last. It fetched spot order from buyers valued at some US $53.43 million. A significant feature of the fair was that a large number of foreign buyers participated in...

Is the bull market a rational exuberance?

2007-11-20 00:00:00

Zaidi SattarTHE Dhaka bull is charging on. The DSE General Index just crossed the millennium mark of 3000 -- a lofty height once crossed briefly but precipitously in 1996. This time there seems no end in sight, notwithstanding all the...

India faces big tests after year of euphoria

2007-11-20 00:00:00

Hong Kong QUESTION: what do Tata, Twenty20 and 20,000 have in common? Answer: mention any of the three Ts in the company of an Indian and be prepared for an animated conversation.Tata Steel, of course, this year clinched the £6.7bn...

Facing the challenge of global competition

2007-11-20 00:00:00

Ahmed Showkat MajeedMASTER-servant relationship between an employer and an employee is now out of tune. Global competition has empowered the employees more than ever before. Wages are related to employees' productivity. Better facility from employers can ensure better performance of...

National image and FDI flow

2007-11-20 00:00:00

THERE are many determinants of foreign direct investments (FDIs) such as a positive macro-economic environment, sound state of infrastructures, easily trainable workers, good terms and conditions for repatriation of capital and profit by the investors, etc. Bangladesh is not lacking...

Waiting for a Mahathir?

2007-11-20 00:00:00

Mahathir Muhammed, a former Prime Minister who ran Malaysia for 22 years was an elected leader.Malaysia under Mahathir did not seek to become a military power inviting foreign concern and intervention. He transformed Malaysia from a poor and developing nation...

A question no one wants to raise about drought

2007-11-20 00:00:00

Tom Engelhardt Georgia's on my mind. Atlanta, Georgia. It's a city in trouble in a state in trouble in a region in trouble. Water trouble. Trouble big enough that the state government's moving fast. Just this week, backed up by...

Battle for the floating voter

2007-11-20 00:00:00

Barney Jopson from Nairobi IT was only when arrows began to whizz past the head of William Ruto, a leading light in the Kenyan opposition, that it became clear just how close the race to be the country's next president...

Asia must act fast to lessen climate change

2007-11-20 00:00:00

LONDON, Nov 19 (Reuters): Asia, home to nearly two-thirds of the world's people, must take urgent action to lessen the effects of climate change but needs considerable help from rich nations elsewhere, a report said today. "Up in Smoke? Asia...

G20 ministers stress need for new energy supplies

2007-11-20 00:00:00

KLEINMOND, South Africa, Nov 19 (AFP): Leaders of the world's 20 largest economies stressed yesterday the need for new energy supplies as global economic growth continues to stumble over high oil prices. Winding up a two-day meeting in Kleinmond, near...

US employers drop health cover as costs rise

2007-11-20 00:00:00

BOSTON: The amount of money US employers and workers spend on health benefits will continue to rise at twice the rate of inflation next year, prompting an increasing number of employers to drop coverage for their employees, according to a...