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Death toll rises to 121, many still missing

2007-06-14 00:00:00

CHITTAGONG, June 13 (UNB): At least 11 more bodies were recovered from the mud and the remnants of slums devastated by Monday's landslides in the port city, raising the death toll to 121 till Wednesday afternoon.The combined team of army,...

Orion Group chairman submits wealth statement

2007-06-14 00:00:00

The wealth statement of Orion Group Chairman Obaidul Karim, one of the 21 corrupt suspects earlier summoned to provide their asset accounts, was submitted to the Anti-Corruption Commission (ACC), showing wealth worth over Tk 1.53 billion (153.59 crore), reports UNB.According...

Turkey-Bangla Chamber launched

2007-06-14 00:00:00

FE Report A new trade body named Turkey-Bangladesh Chamber of Commerce and Industry (TBCCI) has been launched at a function in the city aiming to promote commercial, economic and social relations between the two friendly countries."I am hopeful that the...

Asaduzzaman to continue as Oriental MD for one more year

2007-06-14 00:00:00

FE Report The central bank of Bangladesh has appointed its Executive Director Asaduzzaman Khan as Managing Director (MD) of the Oriental Bank Limited for one more year to continue to improve the financial health of the private commercial bank (PCB).The...

Call rate, dollar ease

2007-06-14 00:00:00

FE ReportThe inter-bank call money rate eased slightly Wednesday, as the liquidity position of the market improved. The demand for cash, however, remained steady, fund managers said. The rate fluctuated between 6.75 per cent and 10.00 per cent against the...

DSE stocks halt fall after three days

2007-06-14 00:00:00

FE ReportStock prices bounced back on Dhaka Stock Exchange (DSE) after three days of fall due to a buying spree Wednesday.But transactions on the DSE were affected to a large extent following the torrential rains occurring during the last four...

Bangladesh not in US trafficking list

2007-06-14 00:00:00

From Fazle RashidNEW YORK, June 13: US State Department's annual report on Human Trafficking released yesterday hopefully did not have the name of Bangladesh in the list of the offenders. The list have the names of the countries with the...

Correction

2007-06-14 00:00:00

In a news item, headlined "Opportunity given to legalise untaxed income, not black money: NBR" and published on the back page of the June 13 issue of the FE, it was inadvertently stated that the government offered an opportunity to...

Blast hits key Iraq Shia shrine

2007-06-14 00:00:00

SAMARRA, Iraq, June 13 (AFP): Two minarets of a revered Shiite shrine in the northern town of Samarra collapsed Wednesday after being blown up within minutes of each other, witnesses and a top Shiite official said. The tall structures came...

Hamas pushes offensive against rival Fatah in Gaza

2007-06-14 00:00:00

GAZA CITY, June 13 (AFP): Hamas fighters besieged a top Fatah post in Gaza City Wednesday after driving their secular rivals from the north of the territory in battles that left the government teetering and Gaza on the verge of...

China military commander advocates offensive strength

2007-06-14 00:00:00

BEIJING, June 13 (Reuters): A senior Chinese defense strategist has said his nation needs to build offensive strength and an "effective nuclear force" but has no intention of renouncing its no-first-use nuclear doctrine. The rare official comments on Beijing's doctrine...

Some Muslim states not ready to fight bird flu: WHO

2007-06-14 00:00:00

KUALA LUMPUR, June 13 (Reuters): Some Muslim countries are ill-prepared to tackle an outbreak of bird flu because of poor resources and public apathy, a World Health Organisation (WHO) official said at a meeting of Islamic nations Wednesday. Health ministers...

Astronauts to go on second spacewalk

2007-06-14 00:00:00

HOUSTON, June 13 (AP): The astronauts asked to repair a loose thermal blanket on shuttle Atlantis have studied the fine points of aerospace engineering and built their strength for the strenuous task in weight rooms. But the actual repair job...

US seen balancing support for Musharraf

2007-06-14 00:00:00

ISLAMABAD, June 13 (Reuters): A senior US official visiting Islamabad this week was expected to offer some support for President Pervez Musharraf, while staying out of a crisis brought on by his attempt to oust Pakistan's top judge. Having arrived...

Indonesia captures most-wanted Islamic militant

2007-06-14 00:00:00

JAKARTA, June 13 (Reuters): Indonesian police have captured the country's most-wanted militant, Abu Dujana, who heads a military wing of the Southeast Asian militant group Jemaah Islamiah (JI), a police spokesman said Wednesday. Dujana had been sought in connection with...

Iran sending weapons to Taliban: US

2007-06-14 00:00:00

PARIS, June 13 (AP): A senior US diplomat accused Iran Tuesday of transferring weapons to Taliban insurgents in Afghanistan - the most direct comments yet on the issue by a ranking American official. Undersecretary of State Nicholas Burns, speaking to...

Israeli parliament to pick new president

2007-06-14 00:00:00

JERUSALEM, June 13 (AP): The race for the Israeli presidency has taken on a high-profile buzz, driven by rape allegations against the sitting president and elder statesman Shimon Peres' campaign to cap his six-decade government career with a term in...

Cod liver oil 'treats depression'

2007-06-14 00:00:00

It may make the stomach turn, but scientists in Norway suggest that taking a spoonful of cod liver oil each day could stave off depression, reports BBC. In a study of almost 22,000 people aged over 40, those who regularly...

Clients urged to expand businesses thru' Pubali Bank services

2007-06-14 00:00:00

FE ReportAll clients of the Pubali Bank Limited (PBL) have been urged to expand their businesses through the services of the bank.PBL board of directors' Chairman Hafiz Ahmed Majumder urged the clients while speaking at a party organised by the...

Dhaka Ins holds annual confce for development executives, officers

2007-06-14 00:00:00

FE Report Dhaka Insurance Limited (DIL) held its Annual Conference of Development Executives and Officers-2006 at a city hotel recently.DIL Managing Director KAM Ferdous presided over the meeting while its Chairman Fazlur Rahman was present as the chief guest. Directors,...

Asian stocks fall to two-week low

2007-06-14 00:00:00

Asian stocks fell to a two-week low on concern interest rates will rise and sap growth in the world's largest economies, reports Bloomberg.Samsung Electronics Company and Taiwan Semiconductor Manufacturing Co. led declines among exporters after yields on US bonds climbed...

Berger Paints opens new office in city

2007-06-14 00:00:00

FE Report The new office of Berger Home Decor was inaugurated at Banani to meet the growing need of consumers for expert advice on paint solutions. Berger Paints Managing Director Masih Ul Karim inaugurated the new office of the company...

Trust Bank opens Sylhet corporate branch

2007-06-14 00:00:00

FE ReportTrust Bank Limited (TBL) has recently inaugurated its Sylhet corporate branch. Chief of Army Staff and the bank's Chairman General Moeen U Ahmed inaugurated the new branch. TBL Managing Director Iqbal U Ahmed presided over the function. Among others,...

European stocks advance

2007-06-14 00:00:00

LONDON, June 13 (Bloomberg): European stocks rose as bond yields retreated from five-year highs and Antofagasta Plc said 2007 will be a ``good'' year, underpinning gains by mining companies. UniCredit SpA, Italy's biggest lender, and phone company BT Group Plc,...

IFIC holds workshop on 'understanding UCP 600'

2007-06-14 00:00:00

FE ReportIFIC Bank Limited conducted a workshop on 'Understanding UCP 600' at its office in the city recently.Salient features of the 'UCP 600' and the action to be taken by the bank were, inter alia, discussed in the workshop.Deputy Managing...

corporatewatch

2007-06-14 00:00:00

Recommendation of company's dividend Sonargaon Textiles: The board of directors of Sonargaon Textiles Limited has recommended 10 per cent cash dividend for its shareholders for the year 2006. The annual general meeting (AGM) of the company will be held on...

Contemplated safeguard duty

2007-06-14 00:00:00

IN trans-national flow of the shared rivers, the lower riparian country becomes the bean to which every garbage from the upper reaches at times of heavy rains and floods is washed off. Alike, in international trade in this globalised world,...

Budgetary exercise and the perennial syndrome

2007-06-14 00:00:00

Syed Fattahul AlimWHILE offering critical as well as appreciative opinions over various aspects of the proposed budget will continue for sometime, the life of the average person will not remain frozen in time in the meanwhile. They will have to...

Rising global demand for nuclear power

2007-06-14 00:00:00

Fazle RashidMOHAMMAD ElBaradei director general of the International Atomic Energy Agency (IAEA), UN nuclear watchdog, counselled calm on both sides and asserted that the confrontational posture of the US and Iran on later's nuclear ambitions needs to be defused urgently....

Why the Journal should not be sold to Murdoch

2007-06-14 00:00:00

Martin WolfRUPERT Murdoch is a great businessman. The Wall Street Journal is a great newspaper. Which of these reputations is likely to survive Mr Murdoch's prospective purchase of the Journal? Despite the high price he offers, "his" is the plausible...