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Lack of policy support impeding growth of local dairy industry’

2007-09-07 00:00:00

FE ReportSeveral factors, including improper policy supports from the government and inadequate credit facilities, are impeding the growth of local dairy industry, thus, increasing the country's import dependency on powdered milk.Besides, the absence of a level-playing field between the public...

Formal trading of Jamuna Oil's shares begins by month-end

2007-09-07 00:00:00

Refayet Ullah MirdhaThe formal trading of shares of state-run Jamuna Oil Company will begin on the Dhaka Stock Exchange (DSE) by the end of the current month.Chief Executive Officer (CEO) of the DSE, Salahuddin Ahmed Khan said the process for...

EC to invite mainstream faction of political party for dialogue

2007-09-07 00:00:00

The Election Commission (EC) would hold election to Rajshahi City Corporation at the end of January or middle of February next, reports UNB.Meanwhile, Election Commissioner M Sakhawat Hussain Thursday said the EC would invite the mainstream faction of any political...

UAE gives illegal immigrants fresh deadline to return home

2007-09-07 00:00:00

Naim-Ul-KarimThe government of the United Arab Emirates (UAE) has set a November 03 fresh deadline to help thousands of Bangladeshi workers, who are staying in the UAE illegally, return home escaping fine or imprisonment, sources said.The UAE government set the...

Delwar rejects Bhuiyan's claim as mainstream BNP

2007-09-07 00:00:00

New Bangladesh Nationalist party (BNP) Secretary General Khandaker Delwar Hossain Thursday rejected expelled BNP leader Abdul Mannan Bhuiyan's claim of being the mainstream BNP, saying that one can forcibly occupy land but not politics, reports UNB.Talking to reporters at his...

Colleges reopen tomorrow, CU Oct 24, SAU Sept 10

2007-09-07 00:00:00

The National University authorities decided to resume the activities of all government and non-government colleges tomorrow (Saturday) as the government withdrew the closure order issued earlier, reports UNB.An official announcement Thursday said, "The government has decided to withdraw an order...

National grid fails plunging NW parts into darkness

2007-09-07 00:00:00

The national power grid partially failed Thursday evening plunging the whole of northeastern region of the country into darkness, reports UNB.Official sources said a glitch in the 230KV East-West Inter-connector (EWIC), the only power-transmission line between the country's east and...

Dollar unchanged, call rate steady

2007-09-07 00:00:00

FE ReportThe US dollar remained unchanged against the Bangladesh taka (BDT) Thursday in the inter-bank foreign exchange market with stable demand for the greenback, fund managers said.The exchange rate of the dollar stood at Tk 68.70 against the previous day's...

Share price indices on DSE continue to rally

2007-09-07 00:00:00

FE ReportThe share price indices on the Dhaka Stock Exchange (DSE) continued to rally for the eighth day Thursday amid buying by the investors.But, the total turnover declined in thin trade as the investors moved cautiously because of a lingering...

Home secy vows action if Bhuiyan breached rules using loudspeakers

2007-09-07 00:00:00

Home secretary Abdul Karim said Thursday action would be taken against Abdul Mannan Bhuiyan if he had violated emergency powers rules by using loudspeakers at his Gulshan home, reports bdnews24.com. Bhuiyan, expelled as BNP secretary general by chairperson Khaleda Zia...

Arafat’s wife meets Khaleda in sub-jail

2007-09-07 00:00:00

Sharmila Rahman, wife of Arafat Rahman Koko, Friday met her detained mother-in-law and former Prime Minister Khaleda Zia in her makeshift jail on the Jatiya Sangsad Bhaban compound. “Arafat’s wife Sharmila Rahman along with Sharmila’s grandmother Sahana Afzal entered the...

Two Bangladeshi cowboys killed in BSF firing along Satkhira frontier

2007-09-07 00:00:00

Satkhira Sept 7 (UNB)- Border Security Force (BSF) of India shot dead two Bangladeshi cowboys at Kushkhali frontier in Sadar upazila here Friday. The deceased were identified as Ali Hossain, 25, son of Barakatullah of Satani village and Harun Mollah,...

UN system adds US$6 million to assist flood affected people

2007-09-07 00:00:00

The United Nations system in Bangladesh has mobilised additional funds of US$6 million (approximately Tk 42 crore) to alleviate the sufferings of the flood affected people of the country. This is in addition to UN system assistance of approximately US$11...

Business leaders call for fearless environment

2007-09-06 00:00:00

Dhaka, Sept 5 (bdnews24.com) – Businessmen Wednesday asked the government to ensure a fearless environment for businesses. They said bringing confidence back to the mind of the businessmen was important to rein in the soaring prices of essentials—a concern that...

Bush hints at Iraq troop drawdown

2007-09-06 00:00:00

SYDNEY, Sept 5 (AFP): US President George W. Bush, flanked by his staunchest war ally, said Wednesday he saw enough progress in Iraq that he may soon be able to announce a partial US troop withdrawal. Standing next to Australian...

North Korea announces arrest of foreign spies

2007-09-06 00:00:00

BEIJING, Sept 5 (AFP): North Korea announced Wednesday the arrest of "several" foreign spies who had allegedly conducted espionage on the Stalinist nation's military, China's official Xinhua news agency reported. A spokesman for North Korea's national security service told reporters...

New York's first Arabic school opens

2007-09-06 00:00:00

NEW YORK, Sept 5 (AFP): Under police guard, about 60 pupils at New York's first Arabic bilingual school turned up for classes on Tuesday amid accusations the institution is a potential breeding ground for Islamic extremists. "This is absolutely not...

Russian mayor bans phrase 'I don't know'

2007-09-06 00:00:00

MOSCOW, Sept 5 (AP): The mayor of a Siberian oil town has ordered his bureaucrats to stop using expressions such as "I don't know" and "I can't." Or look for another job.Alexander Kuzmin, the 33-year-old mayor of Megion, has banned...

Fifty more Taliban killed in new Afghan clashes

2007-09-06 00:00:00

KABUL, Sept 5 (AFP): More than 50 insurgents were killed in fresh fighting between Taliban-led rebels and soldiers from Afghan and international forces, the US-led coalition and police said Wednesday. Troops pounded suspected militants in the central province of Ghazni...

Northern Bay of Bengal faces tsunami risk

2007-09-06 00:00:00

PARIS, Sept 5 (AFP): The northern tip of the Bay of Bengal, home to tens of millions of people, faces a potential double whammy from an earthquake and tsunami, a scientist warned on Wednesday. He says the peril does not...

Indian govt launches committee to examine US nuclear deal

2007-09-06 00:00:00

NEW DELHI, Sep 5 (AP): India's government has set up a committee to examine concerns over a nuclear deal with the United States that critics say could undermine the country's nuclear weapons program and independent foreign policy.The committee, announced by...

Three arrested for planning terror attacks in Germany

2007-09-06 00:00:00

BERLIN, Sept 5 (AFP): Three people have been arrested on suspicion of planning terror attacks, German Defence Minister Franz- Josef Jung said Wednesday, speaking of "an imminent threat". SWR public radio said the suspects, two German nationals and a Pakistani,...

Car bomb kills 19 in Baghdad

2007-09-06 00:00:00

BAGHDAD, Sep 5 (AP): A roadside bomb exploded on the fringes of the capital's Shiite slum of Sadr City early Wednesday, killing 11 and injuring 19, police and hospital workers said.Blood stained the ground around a small crater caused by...

Saudi chides Sharif for planning Pakistan return

2007-09-06 00:00:00

RIYADH, Sept 5 (AFP): Saudi Arabia, once the home in exile of former Pakistani prime minister Nawaz Sharif, chided him on Tuesday for planning to return to his country and challenge President Pervez Musharraf. "Wisdom dictates that Mr Nawaz Sharif...

news digest

2007-09-06 00:00:00

Hurricane Dean caused $2bin damage: Munich Re BERLIN, Sept 5 (AFP): Hurricane Dean, which slammed into Mexico last month killing around 30 people, caused one to two billion dollars (735 million-1.5 billion euros) in total insured damage, German reinsurance giant...

Enforcing govt officials' code of conduct

2007-09-06 00:00:00

The government has issued a directive to its employees under various ministries to submit their wealth statements within December 31, 2007. The order has been given in exercise of the code of conduct framed in 1979 which required that the...

Economy walking a tight rope

2007-09-06 00:00:00

Syed Fattahul AlimThough the country's foreign exchange reserve is better than any time in the past, the trade deficit is widening as if to keep pace with the forex position. Meanwhile, considering the increasing level of import, the Bangladesh Bank...

Investment spree follows explosion in entrepreneurship

2007-09-06 00:00:00

Joe LeahyIN this year's hit Bollywood movie Guru, the film's main protagonist, a rags-to-riches businessman, gives a rousing speech against state interference in industry in the era before India's 1991 market reforms. "When I wanted to work hard and earn,...

Indonesian hub seeks place on investment map

2007-09-06 00:00:00

John AglionbyTHE recent signing by Susilo Bambang Yudhoyono, Indonesia's president, of regulations creating a special trade zone covering the is-land of Batam and enclaves on nearby Bintan and Karimun marked the realisation of a three-decade-old vision.But officials admit it will...

Torments from prices

2007-09-06 00:00:00

PEOPLE are very keen for relief from arbitrary price rises. If asked to state what is among their highest wishes, the greatest number in the country would very probably mention that normalisation of prices of essential commodities as one of...