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CA leaves for NY Saturday to attend UNGA session

2007-09-19 00:00:00

Chief Adviser (CA) Fakhruddin Ahmed leaves for New York on September 22 (Saturday) to attend the 62nd session of the United Nations General Assembly (UNGA) in the UN headquarters, where he would present an update on Bangladesh affairs, reports UNB.It...

Govt ready for legal battle against US NGO's petition for GSP withdrawal

2007-09-19 00:00:00

FE ReportThe government has been preparing itself for a legal battle in the United States (US) against a petition filed by a US non-government organisation (NGO) for withdrawal of the generalised system of preference (GSP) facility from Bangladesh claiming violation...

DSE seeks SEC clearance for Phoenix Finance listing

2007-09-19 00:00:00

FE ReportThe listing sub-committee of the Dhaka Stock Exchange (DSE) Monday referred the matter relating to the listing of Phoenix Finance and Investments Ltd to the Securities and Exchange Commission (SEC) to avoid legal complexities.As per law, the company's listing...

EC to urge govt to lift ban on indoor politics countrywide

2007-09-19 00:00:00

The Election Commission (EC) would request the government in December to lift the ban on indoor politics across the country, reports UNB."We'll go to the government in December and request to lift the ban (on indoor politics) countrywide…Because we are...

AL urges govt to lift ban on indoor politics totally

2007-09-19 00:00:00

Awami League (AL) Tuesday urged the caretaker government to lift ban on indoor politics and give permission to open political party offices across the country, reports UNB.Senior Awami League presidium member Sayeda Sajeda Chowdhury made the plea at the end...

Dhaka may urge ADB for special financial support

2007-09-19 00:00:00

FE Report Dhaka might urge the Asian Development Bank (ADB) for special financial support to Bangladesh aiming to recover losses caused by recent floods, official sources said.The appeal for aid will be made by Finance and Planning, and Commerce Adviser...

Dollar stable, call rate steady

2007-09-19 00:00:00

FE ReportThe US dollar was stable against the Bangladesh taka (BDT) Tuesday in the inter-bank foreign exchange market due to moderate demand for the greenback. The inter-bank call money rate was also steady ignoring withdrawal of cash through reverse repurchase...

IMF deals: Making the correct choice

2007-09-19 00:00:00

The International Monetary Fund (IMF) delegation at the end of its two-week long Poverty Reduction Growth Facility (PRGF)-exploratory mission in Bangladesh held its concluding meeting with the central bank. After the meeting, the central bank governor told the press that...

Negative developments affecting export

2007-09-19 00:00:00

Syed Fattahul AlimTWO disconcerting reports were front-paged by this paper on Saturday. One of the reports sent shivers down the spine of not only the exporters of garment products, but also of those who have any concern for the future...

ADB raises developing Asia's growth forecast

2007-09-19 00:00:00

Raphael Minder ASIA should weather the current credit market turmoil and report higher-than-anticipated growth this year and next, according to the Asian Development Bank (ADB).The ADB last Monday in its Asian Development Outlook 2007 Update raised its 2007 growth forecast...

Iranian traders feel the lure of eastern promise

2007-09-19 00:00:00

Najmeh Bozorgmehr from TehranCHINA could overtake Germany as the leading exporter of goods to Iran as early as this year, according to western diplomats and Iranian businessmen. The shift reflects Tehran's attempts to redirect its trade in the face of...

Exporting flowers and orchids

2007-09-19 00:00:00

Khurshid AzamTHERE are countries of the world which are sustained economically in great measures by their flower business. Holland, for example, is the world leader in producing for export huge quantities of flowers to the world's market. There is a...

Manpower export being subverted?

2007-09-19 00:00:00

The unholy contributions of some local manpower exporting agencies to the current pangs of many Bangladeshi expatriate workers in Malaysia ought to be thoroughly investigated and those found responsible for the plight of the humanity in distress be given very...

Right direction for trade unions

2007-09-19 00:00:00

One can say that the country is not too poorly served by labour laws and regulations. Trade union providing collective bargaining of workers with their employers are generally allowed in the industries and services here. Labour courts in Bangladesh have...

Medical centres without licences

2007-09-19 00:00:00

THERE are services which are extremely important for the simple reason that these involve human lives. The same are the medical services and for the obvious reasons no compromise can be allowed in running them properly or in desirable standards....

Religious violence spiking in Iraq, says State Dept

2007-09-19 00:00:00

Khody Akhavi from WashingtonDespite the addition of 30,000 U.S. troops to enhance security in the country, the freedom of average Iraqis to practice their religions deteriorated sharply during the past year, according to a report released Friday by the U.S....

Karamanlis, Papandreou close campaign marked by fires

2007-09-19 00:00:00

Harry PapachristouGreek Prime Minister Kostas Karamanlis and Socialist leader George Papandreou, scions of two political dynasties, hold final rallies tonight in an election campaign marked by deadly wildfires that have eroded support for both men's parties. The fires, which killed...

Geneticists crack the species code

2007-09-19 00:00:00

Stephen Leahy from Brooklyn, CanadaScientists are enthusiastic about a new DNA barcoding technology that will help keep illegal fish and timber out of global markets, slow the spread of invasive pests, and improve food safety and disease prevention and offer...

Hitler's buried bombs threaten cleanup of London Olympics site

2007-09-19 00:00:00

Brian LysaghtOne man may delay preparations for the 2012 London Olympics: Adolf Hitler. Construction crews are scouring the 500-acre Olympics site for bombs dropped by the Luftwaffe during World War II that failed to explode, adding time and expense to...

India's life insurance market set for boom

2007-09-19 00:00:00

NEW DELHI, Sept 18 (AFP): Wealthier, aging Indians will help transform the country's largely untapped life insurance market into one of the world's fastest growing over the next five years, a global consultancy says. Life insurance is already the most...

AI-Arafah Bank holds board meet

2007-09-19 00:00:00

FE ReportThe 154th meeting of the board of directors of the Al-Arafah Islami Bank Ltd was held at its board room in the city recently.Chairman of board of directors of the bank Md Anowar Hossain presided over the meeting. Directors...

Fed faces day of reckoning as markets clamour for rate cut

2007-09-19 00:00:00

WASHINGTON, Sept 18 (AFP): Federal Reserve policymakers face a moment of truth today as they meet on interest rates amid a sputtering economy, but with some arguing against a return to easy-money conditions blamed for the problems. The Federal Open...

Lankan July trade gap shrinks

2007-09-19 00:00:00

COLOMBO, Sept 18 (AFP): Sri Lanka's trade deficit in July narrowed 35.1 per cent from a year earlier to 225 million dollars in July as clothes and tea exports surged, according to official data today. July imports rose 6.2 per...

The two-way problem

2007-09-18 00:00:00

Operational problems, particularly relating to financial transactions, facing the big business houses whose owners are either detained or on the run following the interim administration's anti-corruption drive have not been addressed by the relevant authorities until now. It is up...

The issue of revival of jute sector

2007-09-18 00:00:00

Syed JamaluddinTHE Nagorik Committee led by Dr. Kazi Kholiquzzaman Ahmed has made some serious recommendations for revival of the jute sector in a Bengali daily. It will be worthwhile to examine how far these recommendations are workable and implementable. The...

US voters and foreign policy

2007-09-18 00:00:00

Stephen KaufmanUS foreign policy is on the minds of enough American voters that a candidate's positions on how he or she would work with the international community can be the deciding factor in an election. The growing importance of foreign...

Capital, not liquidity, is the problem

2007-09-18 00:00:00

Charles GoodhartTHERE are several odd features about current financial difficulties. They appear to have been initiated by relatively minor problems, rising defaults in a subsection of the US housing market, when the world's economy was otherwise in splendid shape. If...

Private banks may think of serving rural areas

2007-09-18 00:00:00

BANKING in Bangladesh cannot be entirely divorced from the principles of extending vital services in neglected areas or extending uniform facilities in the country to meet the requirements of equity and justice. Besides, mobilisation of resources from the rural areas--...

Child labour elimination

2007-09-18 00:00:00

In recent days, there exists growing awareness among a section of people about the need for eliminating child labour from various sectors of the national economy. These people do feel bad for the children when they see them working instead...

Debate on civil service reform

2007-09-18 00:00:00

Qazi Azad THE civil servants are no longer strong pillars in the country's public administration that they should receive all the beatings for bad governance. They are no more the head of their respective ministries. The deputy commissioners and the...