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Iran fuel rationing sparks anger, pump stations burnt

2007-06-28 00:00:00

TEHRAN, June 27 (Reuters): Angry Iranian motorists queued for gasoline Wednesday hours after the world's fourth largest oil exporter imposed fuel rationing, sparking chaotic scenes and the torching of two pump stations in the capital. Drivers raced to fill up...

Israeli attacks kill 8 Palestinians

2007-06-28 00:00:00

JERUSALEM, June 27 (AP): Israeli attacks in the Gaza Strip on Wednesday killed eight Palestinians, including a 12-year-old boy, Palestinians said, the bloodiest fighting in the area since the Hamas militant group violently seized control two weeks ago. The sudden...

UN inspectors to visit NKorea atomic reactor

2007-06-28 00:00:00

SEOUL, June 27 (AFP): UN inspectors are to visit the reactor at the centre of North Korea's nuclear programme in their first on-site inspection in nearly five years, the head of a team in the communist state said Wednesday. The...

Castro's head worth $150,000: CIA files

2007-06-28 00:00:00

WASHINGTON, June 27 (AFP): The CIA offered 150,000 dollars to mafia figures to kill Cuban leader Fidel Castro, just one of several CIA plots against foreign leaders detailed in 693 pages of classified US documents released Tuesday. Other targets of...

The rationale for nuclear power

2007-06-28 00:00:00

The prospects of power generation from nuclear power plants in Bangladesh have brightened with the recent announcement by the International Atomic Energy Commission (IAEA) that Bangladesh would be among eight countries to enjoy its approval for the setting up of...

Consumer Protection Act

2007-06-27 00:00:00

THE eagerly awaited Consumer Protection Act may at long last become a reality. According to media reports, the draft of the law will be considered for approval by the council of advisers very soon. There is concern in some quarters...

Manpower sector needs urgent overhauling

2007-06-27 00:00:00

Syed Fattahul AlimEIGHTEEN young men mostly from Chapainawabganj district have sent home an SOS message from faraway Kurdistan of war ravaged Iraq. They are trapped in that troubled part of the Middle East. All of those young people are in...

Hard reforms are overdue in the vital sector

2007-06-27 00:00:00

Khaled Hussain from TorontoAS non-resident Bangladeshis (NRBs), we appreciate the initiative to have an aggressive reform of our manpower sector to reduce the suffering of the people -- those who are selling their valuable assets to work abroad. These people...

Birth record for better planning

2007-06-27 00:00:00

Mahbubul AlamTHE government should give importance to strictly maintaining birth records of all children. A UNICEF report says that only seven per cent newborn children (260,000) usually come annually under the existing birth registration net of the government. But the...

Hill cutting and consequence

2007-06-27 00:00:00

WE thank the committees for submitting the report after investigating the June 11 landslides in Chittagong, which killed at least 126 people. Usually we see the official inquiries into such large-scale disasters in Bangladesh taking too long a time for...

More focus on traffic needed

2007-06-27 00:00:00

All the governments including the present caretaker one have so far taken several measures to improve Dhaka city's traffic situation. These measures include freeing the pavements from illegal encroachers, introduction of more buses and modern traffic signals, banning slow-moving auto-rickshaws...

A sophomoric analysis of National Budget 2007-08

2007-06-27 00:00:00

Reshma Islam, Farzana Shiraj Kanta and Tasmia AliTHE caretaker government's budget of Tk 871.37 billion (87,137 crore) for fiscal year(FY) 2007-08 is the biggest budget proposed ever. The main feature of the budget is its huge deficit of Tk 298.36...

Helen Keller : The light to the blind

2007-06-27 00:00:00

Parvez BabulHELEN means 'light'! But very unfortunately the girl named Helen did not have light in her eyes. She was blind. Though the person Helen Keller could not see this beautiful world due to her blindness, but she had a...

China launches $1b African trade fund

2007-06-27 00:00:00

BEIJING, June 26 (AP): China launched a $1 billion fund Tuesday to finance trade and investment by Chinese companies in Africa as part of efforts to nurture commercial ties with the resource-rich continent.The fund is part of Chinese aid and...

Int'l role of euro differs across global markets

2007-06-27 00:00:00

FRANKFURT, June 26 (AFP): The European Central Bank (ECB) said yesterday that the international role of the euro has become differentiated, depending on the particular global market segment being looked at. In its sixth annual review of the international role...

Beijing to revive troubled trust sector as govt-run cos run into difficulties

2007-06-27 00:00:00

BEIJING, June 26 (AFP): China is to revive several trust and investment corporations after hundreds of the government-run companies ran into difficulties during the 1990s Asian financial crisis, state press said today. The China Banking Regulatory Commission will issue licences...

AirAsia founder in budget hotel venture with Dubai govt

2007-06-27 00:00:00

SINGAPORE, June 26 (AFP): Malaysia's Tune Hotels.com said today it has set up a 50-million dollar joint venture with the Dubai government and a Singapore business tycoon to open 30 budget hotels in Southeast Asia. The joint venture will expand...

Philippine imports fall 1.8pc in April

2007-06-27 00:00:00

MANILA, June 26 (AFP): Philippine imports in April fell 1.8 per cent from a year earlier to 4.336 billion dollars due to a drop in demand for electronic components used in the country's export industry, the government announced today. Total...

Malaysian workers demand minimum wage

2007-06-27 00:00:00

KUALA LUMPUR, June 26 (AFP): Thousands of Malaysian workers staged a nationwide protest yesterday to demand the government set a 900 ringgit (260 dollars) monthly minimum wage for private sector employees. Officials from Malaysia's largest trade union estimated that 30,000...

654,602 tourists visit Myanmar in 2006-07

2007-06-27 00:00:00

YANGON, June 26 (Xinhua): A total of 654,602 foreign tourists visited Myanmar in the fiscal year 2006-07 which ended in March, bringing about an increase of 11.4 per cent of the country's foreign exchange earning compared with the previous year,...

Oil prices lower in Asia on gasoline worries

2007-06-27 00:00:00

SINGAPORE, June 26 (AFP): Oil prices were lower in Asian trade today in a market underpinned by below-normal gasoline (petrol) inventories in the United States, dealers said. At 3:00 pm (0700 GMT), New York's main oil futures contract, light sweet...

IPI gas pipeline project to promote trilateral economic relations

2007-06-27 00:00:00

TEHRAN, Jun 26 (APP): The Iran-Pakistan-India (IPI) gas pipeline project will promote trilateral economic relations on a long-term basis, Ambassador of Pakistan to Iran Shafkat Saeed has said.In an exclusive interview with a leading Iranian English language newspaper Iran Daily,...

Yen firms in Asian trade on sluggish US stocks

2007-06-27 00:00:00

TOKYO, June 26 (AFP): The yen clawed away from a four- and-a- half year low against the dollar in Asian trade today after US stocks remained under pressure and Japan's finance minister said currencies should reflect fundamentals, dealers said. The...

Vietnam posts bigger garment export turnovers in first half

2007-06-27 00:00:00

HANOI, June 26 (Xinhua): Vietnam is estimated to export textiles and garments worth 3.4 billion U.S. dollars in the first half of this year, a year-on-year rise of nearly 24.1 per cent, according to a local industry association today. In...

ADB to boost clean energy programme

2007-06-27 00:00:00

MANILA, June 26 (AFP): The Asian Development Bank (ADB) said today it was planning to boost its clean energy program to one billion dollars annually amid warnings Asia's contribution to green gas emissions could get worse. ADB president Haruhiko Kuroda...

China encourages installation of large thermal power units

2007-06-27 00:00:00

BEIJING, June 26 (CEIS): Following the energy-saving and emission-cutting policy, China has progress in massively closed small thermal power plants and small thermal power units while building large and high-efficient power units. One example is Huaneng Group, which has closed...

BB encourages banks, financial institutions to lend to SMEs

2007-06-27 00:00:00

FE ReportIn a Focus Group Discussion held Monday with the financial sector, the central bank urged the banks and financial institutions to lend money to SMEs. The discussion was jointly coordinated by Bangladesh Bank (BB) and IFC-SEDF, said a press...

ACI approves 60pc dividend

2007-06-27 00:00:00

FE Report Advanced Chemical Industries (ACI) Limited approved 60 per cent dividend, that is, Tk 6.00 per share of Tk 10 for its shareholders.The dividend was approved by its shareholders at the 34th annual general meeting (AGM) of the company...

AKTEL double-money offer for inactive pre-paid subscribers

2007-06-27 00:00:00

FE ReportAKTEL, the country's one of the largest mobile service providers, has recently launched 'Re-activate pre-paid SIM and get money doubled' offer for the inactive pre-paid SIM subscribers of the operator.Under this offer, any inactive customer can now reactivate his/her...

DBBL donates Tk 12m to hospital

2007-06-27 00:00:00

FE Report Dutch-Bangla Bank Limited (DBBL) has donated Tk 12 million (1.20 crore) to Shishu Sasthya Foundation Hospital for construction of first and second floors (about 15,000 square feet) of its 6-storey hospital building.In this connection, Shishu Sasthaya Foundation organised...