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'World oil market faces uncertain future'

2007-11-13 00:00:00

DUBAI, Nov 12 (PTI): With oil market experiencing a volatile trend, a cloud of uncertainty hangs over the market that is not good for either consuming countries or producers, a top oil official has said."High oil prices are good for...

World congress to debate on sustainable development of energy

2007-11-13 00:00:00

ROME, Nov 12 (Xinhua): The World Energy Congress, which was kicked off here in Rome of Italy yesterday, is to debate on the sustainable development and the prospects of the energy industry. The conference, organised by the World Energy Council...

Indian inflation reined in due to tight monetary policy

2007-11-13 00:00:00

COLOMBO, Nov 12 (PTI): Expressing satisfaction over the fall in inflation in India which has reached a five-year low at under three per cent, Finance Minister P Chidambaram yesterday attributed it to a tight monetary policy. "Inflation has been tamed...

Singapore to step up energy industry investment

2007-11-13 00:00:00

SINGAPORE, Nov. 12 (/Xinhua): Singapore has been striving to develop its energy industry in recent years, aiming to increase the value-added of the energy sector from current 20 billion to 34 billion Singapore dollars (about from 13.8 billion to 23.4...

Crisis of container handling equipment at Ctg port to continue upto June

2007-11-13 00:00:00

From Fakhrul AlamChittagong, Nov 12: Crisis of the container handling equipments at Chittagong Port is likely to continue up to June 2008. Meanwhile, the procurement of 12 straddle carriers and 6 vacant container handlers is underway, CPA sources said.Export and...

National Bank opens branch at Gaibandha

2007-11-13 00:00:00

FE ReportThe 99th branch of National Bank Limited (NBL) has been opened at Gaibandha recently. Chairperson of the bank Parveen Haque Sikder formally inaugurated the branch as the chief guest. A discussion meeting was held on the occasion.The chairperson, in...

Country's forex reserve stands at $5.02b after payment to ACU

2007-11-13 00:00:00

FE Report Bangladesh paid over US$462 million to the Asian Clearing Union (ACU) on account of imports pushing the country's foreign exchange reserve to $5.02 billion Monday, official sources said. The Bangladesh Bank (BB) remitted the fund to the ACU...

EXIM Bank holds workshop on management skills

2007-11-13 00:00:00

FE ReportA day-long workshop on 'Management Skills for Bankers' was held at EXIM Bank Training Institute in the city recently.EXIM Bank Managing Director Kazi Masihur Rahman inaugurated the workshop as the chief guest.A total of 30 officials from different branches...

Rupali Bank holds training courses for officers

2007-11-13 00:00:00

FE ReportRupali Bank Training Institute organised three training courses for the officers of the bank in the city.The courses are Computer System in Bank, International Trade and Foreign Exchange, and Branch Management. Deputy Managing Director of the bank Md Joynal...

Thrust on increasing GDP to 7.5pc

2007-11-13 00:00:00

Our CorrespondentCHITTAGONG, Nov 12: Bangladesh is likely to emerge as a middle income country by the year 2016 if annual GDP growth rate is upgraded to 7 and a half per cent per annum. Proper implementation of the first generation...

Bee farming gaining popularity

2007-11-13 00:00:00

Our CorrespondentRANGPUR, Nov 12: Bee farming is gaining popularity in Dinajpur, Thakurgaon Panchogarh and other parts of Rangpur district, sources said.According to sources many farmers have been involved in this profession as it is more lucrative than agricultureOfficial sources of...

Asian markets fall

2007-11-13 00:00:00

TOKYO, Nov 12 (AP): Asian markets fell sharply Monday after Wall Street declined at the end of last week on renewed concerns about US mortgage problems. European markets, however, were mixed in early morning trade. "Basically, the subprime loan issue...

High prices encouraging farmers

2007-11-13 00:00:00

Our CorrespondentBOGRA, Nov 12: High price are inspiring the farmers of Bogra to bring more agricultural land under chilli cultivation. As a result nearly double the area of the target came under chilli cultivation this year and a bumper production...

European shares give up gains

2007-11-13 00:00:00

LONDON, Nov 12 (Reuters): European shares surrendered gains to turn negative by mid-morning Monday as oil shares tracked a fall in crude from record highs and US stock futures drifted lower, offsetting a rally in banks and merger talk in...

Sonali Bank holds branch managers’ confce

2007-11-13 00:00:00

Our CorrespondentBRAHMANBARIA, Nov 12: Sonali Bank arranged a day-long branch managers conference 2007 on "Prevention of Money Laundering" and for providing people-oriented services to clients with a view to achieving further success of the bank.An assessment meeting was also held...

corporate watch

2007-11-13 00:00:00

Dividends Eastern Housing: The board of directors of Eastern Housing Limited has recommended 15 per cent cash dividend for the year that ended on July 31, '07. The annual general meeting (AGM) of the company will be held at the...

Pakistan opposition blasts election plans

2007-11-13 00:00:00

ISLAMABAD, Nov 12 (Agencies): Pakistan's opposition called on Gen. Pervez Musharraf to lift a state of emergency, saying Monday that upcoming parliamentary elections would be a sham unless citizens' rights were fully restored. Several parties were mulling a boycott Musharraf...

Iraq hopes to end Baghdad security plan soon

2007-11-13 00:00:00

BAGHDAD, Nov 12 (Reuters): Iraq's government hopes it will soon be able to declare an end to a US-Iraqi security operation in Baghdad following a sharp drop in insurgent attacks in the capital, a military spokesman said Brigadier-General Qassim Moussawi,...

China minister heads to Iran for nuclear talks

2007-11-13 00:00:00

BEIJING, Nov 12 (Reuters): Chinese Foreign Minister Yang Jiechi will go to Iran for talks on Tehran's nuclear dispute, officials said on Monday, underscoring the growing pressure on Beijing to help end the standoff. Yang would visit on Tuesday for...

US-led troops kill 18 in Afghanistan

2007-11-13 00:00:00

KABUL, Nov 12 (Agencies): US-led coalition troops battling suspected militants in southern Afghanistan lobbed a grenade that destroyed a house and killed 15 militants as well as a woman and two children, the coalition said Monday Meanwhile, weekend reports of...

KRouge leaders detained by Cambodian genocide court

2007-11-13 00:00:00

PHNOM PENH, Nov 12 (AFP): Former Khmer Rouge foreign minister Ieng Sary was detained Monday by police and officials from Cambodia's UN-backed genocide court and taken from his home in Phnom Penh, a police officer said. "He was put into...

Howard heading for landslide election defeat: poll

2007-11-13 00:00:00

SYDNEY, Nov 12 (AFP): Australian Prime Minister John Howard is headed for a landslide defeat at elections next week, according to an opinion poll Monday which showed the opposition surging ahead. The centre-left Labor Party gained two percentage points over...

news digest

2007-11-13 00:00:00

Six Chinese die after eating poison soup BEIJING, Nov 12: Six Chinese people, including two children, died from food poisoning after eating soup and two more remained seriously ill, local media reported on Monday, the latest example of food safety...

Mainul can't avoid responsibility for exonerating war criminals: Suranjit

2007-11-13 00:00:00

Adviser for Law, Justice and Parliamentary Affairs Mainul Hosein cannot avoid the responsibility for exonerating the war criminals from punishment as he was among the lawmakers who voted for the 1973 constitutional amendment absolving them.Awami League (AL) presidium member Suranjit...

Govt works to curb misuse of public fund: Mainul

2007-11-13 00:00:00

Law Adviser Mainul Hosein Monday said the interim government was working to put in place a system that checks misuse of public fund and corruption reports, bdnews24.com. "The incumbent government is facing difficulties in its efforts to get the country...

Banning religion-based politics isn't our job: CEC

2007-11-13 00:00:00

Banning religion-based politics is not a job of the Election Commission (EC), CEC ATM Shamsul Huda said, reports bdnews24.com."It is the government that is responsible for holding trial of the war criminals and banning religion-based politics. If this government is...

Differences in BNP resolved, says Hafiz

2007-11-13 00:00:00

BNP acting secretary general Hafizuddin Ahmed Monday claimed that all differences in the party had been resolved and they were undertaking reforms keeping the position of Khaleda Zia in the party in tact, reports UNB."Disunity centring upon chairperson Khaleda Zia...

Two more cases filed against Jamaat leader

2007-11-13 00:00:00

Two more cases were filed Sunday in Madaripur against Assistant Secretary General of Jamaat-e-Islami, Bangladesh Abdul Quader Mollah reports, bdnews24.com. On Thursday another case was filed in Madaripur against the Jamaat leader on charge of making defamatory comments on the...

Tayebur shifted to Jessore jail

2007-11-13 00:00:00

KHULNA, Nov 12 (UNB): Khulna Mayor Sheikh Tayebur Rahman was shifted to Jessore central jail from Khulna jail Monday.District Jail Super Abu Solaiman said that as a high profile detainee, the mayor was taken to the Jessore jail at about...

109 admin staff transferred to Judicial Deptt

2007-11-13 00:00:00

BARISAL, Nov 12 (UNB): A total of 109 administrative staff have been transferred to the Judicial Department in five districts of Barisal division. Barisal divisional commissioner office sources said administrative staffs of six districts under Barisal division were asked to...