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Myanmar monks defy assembly ban

2007-09-27 00:00:00

YANGON, Sept 26 (AP): Security forces fired warning shots and tear gas canisters while hauling Buddhist monks away in trucks Wednesday as they tried to stop anti-government demonstrations in defiance of a ban on assembly. The junta had banned all...

news digest

2007-09-27 00:00:00

Ecuador leader has nointerest in power NEW YORK, Sept 26 (AP): Ecuador's leftist president said he would not follow the lead of his close Venezuelan ally Hugo Chavez and seek to abolish limits on his re-election, vowing he had no...

Nicaragua’s Ortega rails at US hegemony

2007-09-27 00:00:00

UNITED NATIONS, Sept 26 (AP): Nicaraguan President Daniel Ortega accused the US of imposing a worldwide dictatorship and defended the right of Iran and North Korea to pursue nuclear technology in a speech Tuesday before the UN General Assembly meeting....

Bridge collapses in Vietnam, 34 dead

2007-09-27 00:00:00

HANOI, SEPT 26 (AP): A bridge under construction in southern Vietnam collapsed Wednesday, killing at least 34 workers and leaving scores more trapped or injured, officials said.The Japanese-funded bridge was being built across the Hau River, a branch of the...

Gunbattles kill 125 Taliban, one foreign soldier

2007-09-27 00:00:00

KABUL, Sept 26 (AFP): NATO and US-led troops backed up by warplanes have killed more than 120 Taliban insurgents in two major battles in southern Afghanistan, officials said Wednesday. One soldier was killed, a trooper with the 15,000-strong US-led coalition...

Panama police detain 6 Syrians, 1 Cuban

2007-09-27 00:00:00

PANAMA CITY, SEPT 26 (AP): Six Syrians and a Cuban who were detained in Panama after a flight crew reported suspicious behavior told authorities that three of them had approached the cockpit by mistake, police said Tuesday.The men, who were...

The nuclear option for power

2007-09-27 00:00:00

Bangladesh's dream of having a nuclear power plant may at last come true. To this end, it will submit a comprehensive proposal to the International Atomic Energy Agency (IAEA) by the middle of next month. The energy adviser, after his...

Saving plastic industries from their predicament

2007-09-27 00:00:00

Mir Hossain ZafarAPART from meeting domestic demand for all kinds of plastics products, the flourishing plastic industry is also found helping notably the value-addition of the readymade garments (RMG) industries. The RMG industries are presently the backbone of the country's...

The modern-day parable of the run on Northern Rock

2007-09-27 00:00:00

Philip Stephens THE banks, we used to think, are as safe as houses. The trials of Northern Rock have left neither looking especially secure. After years in the stratosphere, house prices now look set to succumb to the force of...

Risks of chasing too many offenders

2007-09-27 00:00:00

THE economy, badly battered by two spells of flood in the country's north, north-east, central and south-central regions, is in recession. That is a hard fact of life and the government should take this into consideration while drawing up its...

'Beijing becomes leader in tearing down business barriers'

2007-09-27 00:00:00

BEIJING, Sept 26 (AFP): China has become a leader in tearing down barriers to business, a report from an arm of the World Bank said today. The world's fourth-largest economy has been "a standout in regulatory reform," the International Finance...

Japan's trade surplus in Aug marks biggest increase in 24 years

2007-09-27 00:00:00

TOKYO, Sept 26 (AFP): Japan said today its trade surplus nearly quadrupled in August, marking the biggest increase in 24 years thanks to fast-growing exports to the rest of Asia and Europe. The sharp increase, driven in large part by...

China-Europe trading market opens in Sweden, but doubts persist

2007-09-27 00:00:00

KALMAR, Sweden, Sept 26 (AFP): A giant Chinese wholesale market hoping to attract retailers from across northern Europe opens in Sweden this week, but experts doubt whether merchants will actually flock to the venue. The Sweden-China commodity wholesale market, located...

Australia rules out economic sanctions on Myanmar

2007-09-27 00:00:00

SYDNEY, Sept 26 (AFP): Australia will not follow the United States and impose economic sanctions on Myanmar because doing so "would have absolutely no impact," Foreign Minister Alexander Downer said. Downer, who is in New York for the United Nations...

Oil prices higher on expected US drawdown

2007-09-27 00:00:00

SINGAPORE, Sept 26 (AFP): Oil prices rebounded from overnight losses in Asian trade today on expectations of a drawdown in US crude reserves, dealers said. At 2:15 pm (0615 GMT) New York's main contract, light sweet crude for November delivery,...

Kuwait hikes budget for new refinery

2007-09-27 00:00:00

KUWAIT CITY, Sept 26 (AFP): Kuwait has again increased its budget for a new oil refinery to more than 14 billion dollars after scrapping an initial tender round because of high cost estimates from international bidders. "The new budget approved...

Euro hits another record high against dollar

2007-09-27 00:00:00

TOKYO, Sept 26 (AFP): The euro struck another record high against the dollar in Asian trade today on growing concerns that the world's largest economy is losing steam, dealers said. They said that another batch of sluggish data had sparked...

Indian company to explore more gas off western Myanmar coast

2007-09-27 00:00:00

YANGON, Sept. 26 (Xinhua): India's state-run Oil and Natural Gas Corporation (ONGC) Videsh Ltd has signed production sharing contracts with Myanmar to explore natural gas in three deep-sea blocks in Myanmar's western Rakhine offshore areas, official press media reported today....

Bush's free world and welcome to it

2007-09-27 00:00:00

Tom Engelhardt Let's take a trip down memory lane. The Presidential Medal of Freedom is America's highest civilian award, ranking second only to the Congressional Medal of Honor. According to its official website, the medal "is reserved for individuals the...

Proper enforcement of law needed to check road accidents

2007-09-27 00:00:00

Krishna Bagchi"Hi dad, bhaia is OK. My exam is going to begin next month and I'm coming home right after it. I just can't wait any more to see you and mom," Shammi Akhter Happy, a student of Dhaka University's...

BIMSTEC FTA: Bridging ASEAN and SAARC

2007-09-27 00:00:00

Shahiduzzaman KhanLocal trade experts contend that the negotiations on dismantling barriers to trade among the BIMSTEC member-countries should be concluded by December this year in order to bring about some changes in the lifestyle of the peoples of the region....

Bangladesh ranked 7th most corrupt country

2007-09-27 00:00:00

FE ReportBangladesh has been ranked seventh among the most corrupt countries in the Corruption Perceptions Index (CPI) 2007 of Transparency International (TI).The country's score this time did not, however, make any change against the last year's score of 2.0.Transparency International,...

ACC sues Tarique, wife, mother-in-law

2007-09-27 00:00:00

The Anti-Corruption Commission (ACC) Wednesday filed a corruption case against BNP senior joint secretary general Tarique Rahman, his wife and mother in-law for concealing information in wealth statements and acquiring wealth beyond their known sources of income, reports UNB.ACC deputy...

Consensus on downsizing negative list of products

2007-09-27 00:00:00

FE ReportTrade officials from the BIMSTEC bloc Wednesday arrived at a decision to downsize the negative list of products to 15 per cent from 25 per cent of the total tariff line as they ended a three-day negotiation on the...

Bangladesh placed at 107th in terms of doing business

2007-09-27 00:00:00

FE ReportBangladesh has been placed at 107th position in the globe in terms of doing business, dropping from its previous position of 102nd, a global survey by the World Bank (WB) and International Finance Corporation (IFC) revealed Wednesday. According to...

Burmese 'casualties' as troops open fire

2007-09-27 00:00:00

Dominic Faulder in Bangkok and Harvey Morris at the United Nations FT Syndication ServiceBurmese troops Wednesday cracked down on the biggest protests against military rule in 20 years, sealing off the Shwedagon Pagoda in Rangoon, firing warning shots and tear...

Citigroup Global Markets starts operation in city

2007-09-27 00:00:00

FE ReportCitigroup Global Markets Bangladesh Private Ltd, country's first foreign merchant bank, started its operation in the capital Wednesday.Chairman of Securities and Exchange Commission (SEC) Faruq Ahmad Siddiqi inaugurated the formal functioning of the global financial institution in the country's...

Record urea import likely this year

2007-09-27 00:00:00

FE ReportThe government has revised upward its fertiliser import target by nearly 0.3 million tonnes for the current fiscal year, fearing substantial shortfall in the domestic outpout of the agricultural input.Under the revised target, the government will be importing a...

Banks open Saturday

2007-09-27 00:00:00

Bangladesh Bank Wednesday asked all commercial banks to keep their branches open Saturday (Sept 29) to facilitate the collection of government revenue. —UNB

Govt to give Tk 2b cash incentives to export earners ahead of Eid

2007-09-27 00:00:00

FE ReportThe government has decided to release Tk 2.0 billion in cash incentives to facilitate the leading export earners to pay salaries and dues to their workers before Eid-ul Fitr.The finance ministry will release the amount through Bangladesh Bank (BB)...