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Lucky draw of LG Bowled Out offer held

2007-06-10 00:00:00

FE ReportThe lucky draw of the third and final phase of LG Bowled Out offer made on the occasion of the World Cup Cricket by LG-Butterfly was held at Butterfly Marketing Limited head office in the city recently.Former adviser to...

Indian mangoes set to tickle taste buds of New Yorkers

2007-06-10 00:00:00

NEW YORK, June 9 (PTI): Mango mania is set to hit the Big Apple with India's agricultural exports body roping in several restaurants in the New York area to promote the king of fruits here. The campaign by the Agricultural...

Five foreign banks to enter China's gold market

2007-06-10 00:00:00

BEIJING, June 9 (CEIS): Five foreign banks recently got approvals from China's central bank to become members of Shanghai Gold Exchange (SGE). They are the first batch of foreign members of the exchange. The five banks are: HSBC, Standard Chartered,...

G8 pledges $60b for Africa, warns Iran, N Korea over N-programmes

2007-06-10 00:00:00

HEILIGENDAMM, Germany, June 9 (AFP): The Group of Eight (G8) industrial powers ended their annual summit yesterday by pledging 60 billion dollars to fight AIDS in Africa and warned Iran and North Korea over their nuclear programmes. Summit host Germany's...

G8 pledges $60b for Africa, warns Iran, N Korea over N-programmes

2007-06-10 00:00:00

HEILIGENDAMM, Germany, June 9 (AFP): The Group of Eight (G8) industrial powers ended their annual summit yesterday by pledging 60 billion dollars to fight AIDS in Africa and warned Iran and North Korea over their nuclear programmes. Summit host Germany's...

WTO members squabble over industrial tariffs

2007-06-10 00:00:00

GENEVA, June 9 (AFP): Members of the World Trade Organisation (WTO), already at odds over trade in farm goods, yesterday bickered over the level of customs duties to be applied to industrial products, WTO sources said. They said developed countries...

G77, China ask rich to increase dev financial flows to poor

2007-06-10 00:00:00

UNITED NATIONS, June 9 (PTI): The Group of 77 (G77) developing countries and China have asked the rich to increase development financial flows to the poor and remove subsidies they give to their farmers to provide a level playing field....

Canada requests WTO panel to solve US agri subsidies

2007-06-10 00:00:00

OTTAWA, June 9 (Xinhua): Canada has requested that a World Trade Organisation (WTO) dispute settlement panel be established to solve the issue of US agricultural subsidies, Minister of International Trade David Emerson announced yesterday. "We remain concerned that the US...

S Arabia starts offering 60-day tourist visas

2007-06-10 00:00:00

DUBAI, June 9 (PTI): Saudi Arabia has started issuing group visas, through licenced tour operators, to foreign nationals intending to visit the Kingdom. Tourist visas could be obatined for a maximum period of 60 days. Generally visas are issued in...

British official denies concealing payment to Saudi prince

2007-06-10 00:00:00

LONDON, June 9 (AFP): Britain's top legal officer denied yesterday that he concealed large payments made to a Saudi prince from an international anti-bribery watchdog probing a giant arms deal. The Guardian newspaper alleged that Attorney General Peter Goldsmith knew...

US trade deficit shrinks to $58.5b

2007-06-10 00:00:00

WASHINGTON, June 9 (AFP): The US trade deficit dropped to 58.5 billion dollars in April as Americans slashed spending on imports, including oil, pointing to fresh signs of recovery in the world's biggest economy. However, the gap with China rose...

Pak GDP grows at 7pc during outgoing fiscal year

2007-06-10 00:00:00

ISLAMABAD, June 9 (APP): Pakistan's gross domestic product (GDP) recorded seven per cent growth rate during outgoing fiscal year 2006-07 against the revised estimates of 6.6 per cent in the last financial year. According to the economic survey for 2006-07...

Nepal's forex reserve hits $2.61b

2007-06-10 00:00:00

KATHMANDU, June 9 (Xinhua): Nepal's foreign currency reserve has scaled up to 171.56 billion Nepali rupees (around 2.61 billion US dollars), local newspaper The Kathmandu Post reported today. Remittance stood at 72.39 billion Nepali rupees during the first nine months...

KEPZ in trouble as potential investors turn to other states

2007-06-10 00:00:00

Jasim Uddin Haroon The Korean Export Processing Zone (KEPZ) authority is facing a major setback as the investors, who had pledged to establish industries in the KEPZ, have already diverted their investment proposals to other countries. "We are in real...

KEPZ in trouble as potential investors turn to other states

2007-06-10 00:00:00

Jasim Uddin Haroon The Korean Export Processing Zone (KEPZ) authority is facing a major setback as the investors, who had pledged to establish industries in the KEPZ, have already diverted their investment proposals to other countries. "We are in real...

Changes in duty-slab to hurt local industries: FBCCI

2007-06-10 00:00:00

FE ReportThe Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), the country's apex trade body, has hailed the 2007-08 national budget terming it as a welfare-oriented one."The finance adviser has tried to utilise the country's limited resources to achieve...

EU for early lifting of ban on indoor politics

2007-06-10 00:00:00

The European Union (EU) suggested the Caretaker Government (CG) to go for early lifting of the ban on indoor politics so that the politicians could contribute to the reform of the electoral process, reports UNB."The question of preparation for the...

Deal with Bahrain soon on avoidance of double taxation

2007-06-10 00:00:00

FE ReportBangladesh is set to sign an agreement this month with Bahrain on avoidance of double taxation, aiming to boost the bilateral economic and business relations.The Council of Advisers at its weekly meeting approved Saturday the proposal for ratification of...

Hasina questions budget's constitutional basis

2007-06-10 00:00:00

Awami League President Sheikh Hasina has questioned the constitutional basis of the announcement of new budget by the interim government as she claimed taxation cannot be imposed without approval the by people's elected representatives.Talking to reporters at Sikdar Medical College...

Imports jump by 17.24pc in last 10 months

2007-06-10 00:00:00

FE Report The country's overall imports grew by 17.24 per cent with intermediate goods marking the highest growth at 19.23 per cent during the first 10 months of fiscal 2006-07 over the same period of the previous fiscal. The higher...

14pc hike in subsidies proposed

2007-06-10 00:00:00

FE ReportThe caretaker government (CG) has made provisions for subsidy worth Tk 41.99 billion in the proposed budget for new fiscal, which is 14 per cent higher compared to that of the outgoing fiscal, official sources said.It has proposed to...

Ershad denies taking money to join mega-alliance

2007-06-10 00:00:00

Jatiya Party (JP) Chairman HM Ershad Saturday denied having taken money to join an Awami League (AL)-led 'mega-alliance' in 2006 and dismissed the reports as smear campaign, reports bdnews24.comHe vowed to call it a day on his political career if...

Mufti Hannan charged with grenade attack on UK envoy

2007-06-10 00:00:00

SYLHET, June 09 (bdnews24.com): The police Saturday pressed charges against banned Islamist outfit leader Mufti Hannan and three others for the May 21, 2004 grenade attack on British High Commissioner Anwar Choudhury in Sylhet. Three people died and another 100,...

Immigration deal on verge of collapse

2007-06-10 00:00:00

Alex Barker, FT Syndication ServiceWASHINGTON: A bipartisan compromise on immigration legislation crafted through months of negotiation in Congress appeared on the verge of collapse last Friday after disgruntled members of both parties joined forces to block the bill.The defeat of...

DSE trading expanded further to district level

2007-06-10 00:00:00

FE ReportDhaka Stock Exchange (DSE) has further expanded its stock trading to district level providing more scope for the general investors to enter into the secondary market."We have already expanded our business. More districts will come under our trading network...

BGMEA seeks cash incentives to implement minimum wages

2007-06-10 00:00:00

FE Report The Bangladesh Garment Manufactures and Exporters Association (BGMEA) Saturday said the apparel units might not be able to implement the minimum wages for the workers as the sector is receiving lesser orders over the past few months. The...

Trade bodies, NGOs express mixed reactions

2007-06-10 00:00:00

FE ReportTrade bodies and non-government organisations (NGOs) Saturday separately expressed mixed reaction over the proposed budget for fiscal 2007-08 with a call for lifting import duty on capital machinery."Imposition of duty on import of capital machinery for textile and other...

Agreement with Switzerland on double taxation soon

2007-06-10 00:00:00

Naim-Ul-KarimThe government will soon sign an agreement with Switzerland on avoidance of double taxation and negotiate with 12 more EU countries in this connection, aiming to attract more foreign direct investment (FDI) in the country."We are going to sign an...

Govt looks for donors' funds to set up hydro-power plant in Myanmar

2007-06-10 00:00:00

FHM Humayan KabirThe government is looking for funds for setting up hydro-power plant in Myanmar and the electricity to be produced there will be brought to the country to cope with the growing demand.A three-member Bangladesh delegation, led by power...

Russia wants freeze on US missile plan

2007-06-10 00:00:00

MOSCOW, June 9 (AP): Russia's foreign minister urged the United States on Saturday to freeze plans for missile defense installations in eastern Europe during negotiations and warned that the proposal intended to serve as a buffer against Iran could backfire.Russian...