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Budget for FY'08: Pragmatic yet conventional

2007-06-11 00:00:00

Shamsul Huq ZahidTHE budget presentation this year lacked the usual ambience. The clicking noise and blinks of flash lights of press photographers' cameras, thumping of desks by ruling party members in approval of the finance minister's budget speech, boos from...

Towards a true price for energy

2007-06-11 00:00:00

Samuel BrittanTHE British government published early this month a policy document entitled "Meeting the Energy Challenge". It was followed by a slimmer but much more readable volume, Out of the Energy Labyrinth, by Lord Howell, a former UK energy secretary,...

Alternative fuels

2007-06-11 00:00:00

Zahirul AbedinTHE Bangladesh Sugar and Food Industries Corporation (BSFIC) has taken steps to produce ethanol from molasses in all sugar mills under it. The ethanol to be produced would be used as an alternative fuel for vehicles. Indeed, this project...

Torments from higher prices

2007-06-11 00:00:00

EVEN coarse rice is now selling unthinkably at Taka 22-24 per kg. The prices of such varieties of rice were between Taka 16-18 last year. Thus, the hardships of poor people know no bounds. Rice is the staple in their...

Tuberculosis threat

2007-06-11 00:00:00

NEARLY 85 per cent of treated cases of TB in this country, according to reports in the media, have led to cure. This is the brighter side. But the worrying aspect is that over 50 per cent of TB afflicted...

Blue Chip forecasts slowed US consumer spending this year

2007-06-11 00:00:00

WASHINGTON, June 10 (Reuters): US consumers will curb spending this year after being hit by continued troubles in the housing sector, but business investment is set to pick up, adding to economic growth later this year, according to a survey...

Japan moves to clip bureaucrats' 'golden parachutes'

2007-06-11 00:00:00

TOKYO, June 10 (AFP): Some of Japan's highest-flying bureaucrats may soon lose their golden parachutes. The government, hit by a series of scandals, is seeking to tighten controls on the system of "amakudari", or descent from heaven, whereby retiring civil...

Hillary to oppose ratification of free trade pact with S Korea

2007-06-11 00:00:00

WASHINGTON, June 10 (Reuters): Senator Hillary Rodham Clinton, the Democratic front-runner in the presidential race, said Saturday she would oppose ratification of a free trade pact with South Korea because it would harm the US auto industry, among other things....

Ukraine struggles against fake drug trade

2007-06-11 00:00:00

KIEV, June 10 (AFP): It's an international crime business that endangers human lives and generates billions of dollars every year through the sale of tablets and powders. Unlike drug smuggling, however, medicine counterfeiting is still not considered a criminal offence...

Pakistan unveils pro-development budget

2007-06-11 00:00:00

ISLAMABAD, June 10 (Agencies): Pakistan unveiled Saturday an over 1.87-trillion-rupee (about 31 billion US dollars) budget for the upcoming 2007-2008 fiscal year (July 2007 to June 2008), which envisages a pro-development expenditure. The budget was presented by Pakistani State Minister...

China's financial services 'considerably' opened up, EU commissioner says

2007-06-11 00:00:00

BRUSSELS, June 10 (Xinhua): EU Commissioner Charlie McCreevy has said that China's financial services have been "considerably" opened up and he would not press China to further open the sector during his upcoming China tour. "Over the last several years,...

World still differs on what global mechanism serves globalisation era best

2007-06-11 00:00:00

HEILIGENDAMM, Germany, June 9 (Xinhua): As the three-day summit of the Group of Eight (G8) industrialised nations drew to its end yesterday, the world still differs on what global mechanism serves globalisation era best. It is no doubt that the...

Asian currencies mostly higher against dollar

2007-06-11 00:00:00

HONG KONG, June 10 (AFP): Asian currencies ended the week mostly higher against the dollar, with the Japanese yen buoyed largely by the weakness of US shares as interest rate and inflation fears agitated investors. JAPANESE YEN: The yen edged...

ASCO accepts 375 abstracts of Sanofi-aventis

2007-06-11 00:00:00

FE Report A total of 375 abstracts on the oncology commitment of Sanofi-aventis have been accepted by the American Society of Clinical Oncology (ASCO) during its 43rd annual meeting held in Chicago, Illinois of the United States of America (USA)...

Kenya pioneers 'mobile money' in Africa first

2007-06-11 00:00:00

KIKUYU, Kenya, June 10, (AFP): Eyeing his cell phone with a mixture of suspicion and amazement, Paul Kangethe reads and rereads the text message he has just received. "I've never seen anything like this before," Kangethe says of the alert...

Cambodia's oil bonanza muted by uncertainties

2007-06-11 00:00:00

PHNOM PENH, June 10 (AFP): Two years after discovering oil off its coast, uncertainty clouds Cambodia's nascent petroleum sector, with analysts saying it is impossible to gauge the extent of the country's fuel deposits or their impact on one of...

Growing US ethanol market may not be able to absorb supply

2007-06-11 00:00:00

NEW YORK, June 10, (AFP): Government-encouraged efforts to ramp up US ethanol production, part of a bid to diversify American energy supplies, are succeeding, but some analysts fear a glut may be developing for the biofuel. The boom in ethanol...

Denso to produce eco-friendly fuel-injection system in China

2007-06-11 00:00:00

TOKYO, June 10, (AFP): Japanese auto-parts maker Denso will produce eco-friendly fuel-injection equipment for diesel engines in China to meet growing demand for cleaner vehicles there, a report said Sunday. Denso Corp. would set up a subsidiary in Changzhou, eastern...

GM wants to drive green, but easy on the rules

2007-06-11 00:00:00

DETROIT, Michigan, June 10, (AFP): General Motors Corp Chairman Richard Wagoner made a point of telling shareholders at the company's annual meeting that GM is serious about speeding up development of the new technology required to power the electrified Chevrolet...

Govt borrows Tk 6.50b thru' auction of treasury bills

2007-06-11 00:00:00

FE ReportThe government borrowed Tk 6.50 billion (650 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 6.50 billion from the market in the week.The central bank conducted auctions of 28-day, 91-day and 182-day bills...

IFIL approves 12.5pc cash dividend for '06

2007-06-11 00:00:00

FE ReportIslamic Finance and Investment Limited (IFIL) has approved 12.50 per cent cash dividend for its shareholders for the year 2006. The dividend was approved in the company's 6th annual general meeting (AGM), held in the city recently, with IFIL...

13 ice mills out of 42 in production

2007-06-11 00:00:00

BARGUNA, June 10 (BSS): Catching of hilsha fish has been reduced to a great extent due to exorbitant price of ice during this hilsha season.Fishermen of the district alleged the price of each can of ice has shot up to...

Domar Milk Pasteurised Centre needs upgradation

2007-06-11 00:00:00

Our CorrespondentNILPHAMARI, June 10: Domar Milk Pasteurised Centre (DMPC), the lone in Nilphamari, needs to be upgraded, as it cannot meet the demand of the entire district, said sources.If such a move is taken, the centre would contribute in boosting...

Chulu West heroes accorded reception

2007-06-11 00:00:00

A four- member team of Bangla Maintaining and Tracking Club (BMTC) in coordination with Mountain Dew has conquered the 21,059 feet high Chulu West of the Himalayas recently.A press conference and a slide and video show of the expedition had...

Workshop on woman entrepreneur development held in Barisal

2007-06-11 00:00:00

BARISAL, June 10 (BSS): Speakers at a workshop here said the lack of technical knowledge, cash capitals and non-cooperative behaviour of the family members are the main hindrances to the social and economic progress of the womenfolk of the country....

Thailand Exhibition starts on June 13 in city

2007-06-11 00:00:00

DU CorrespondentThe three-day 'Thailand Exhibition 2007' will begin on June 13 at Dhaka Sheraton Hotel.The Department of Export Promotion of Thailand, under the supervision of Commerce Ministry of the Royal Thai Government, is organising the event to draw attention of...

DSE arranges awareness programme for investors at Bogra

2007-06-11 00:00:00

FE ReportDhaka Stock Exchange (DSE) held an investors' awareness programme in Bogra with the potential investors to expand the share trading at the district level Sunday.This kind of seminar with the investors at the district level is a part of...

IBBL scheme aimed at rural dev faring well

2007-06-11 00:00:00

FE Report The Rural Development Scheme of the Islami Bank Bangladesh Limited (IBBL) has been faring well in reduction of the miseries and sufferings of the country's rural people. IBBL Board of Directors Vice Chairman Zainul Abedin said this while...

SJIBL signs deal with MDCL, Anwar Hospital

2007-06-11 00:00:00

FE ReportShahjalal Islami Bank Limited (SJIBL) has recently signed an agreement with Modern Diagnostic Centre Limited (MDCL) and Anwar Khan Modern Hospital Limited at its head office in the city.SJIBL Deputy Managing Director Muhammed Ali and MDCL General Manager Md...

Training on Western Union Money Transfer held

2007-06-11 00:00:00

FE Report The Dhaka Bank Training Institute (DBTI) organised a training course on Western Union Money Transfer Operations for the front line associates at the DBTI in the city recently. A total of 44 officers from different branches of the...