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Reopen universities

2007-09-06 00:00:00

We the general students of Dhaka University make an earnest appeal to the government to reopen all public universities and colleges without delay to save us from falling into another trouble of session jam in the days ahead.Thousands of students...

Enhancing corporate governance of financial institutions

2007-09-06 00:00:00

Kazi Md. Mortuza AliCorporate governance as a concept has received increasing attention in recent years. The term corporate governance is associated with accountability to a company's equity shareholders or risk-bearing owners. It is the system by which companies are to...

Rural-based programmes can help better prevent environmental disasters

2007-09-06 00:00:00

Yasmin Rimi MYMENSINGH is 125 kilometres away from capital Dhaka. Another 30 kms deep into the district, there is a village named Dakatia. Once a barren village, Dakatia now looks different. It's now a wonderful village with lush green trees.The...

Billions up in flames as oil firms burn gas

2007-09-06 00:00:00

Abid Aslam Energy producers waste about 40 billion dollars every year by burning off gas released at oil fields, says a new study commissioned by the World Bank.The practice, known as flaring, also hastens climate change by spewing some 400...

OECD cuts US economic growth forecast, recession not ruled out

2007-09-06 00:00:00

DUBLIN, Sept 5 (Reuters): The Organisation for Economic Cooperation and Development (OECD) Wednesday reduced its forecast for US economic growth and recommended a rapid cut in interest rates to limit the fallout from a housing and mortgage market slump that...

WTO trade talks threatened by 'deepfreeze', Mandelson warns

2007-09-06 00:00:00

BRUSSELS, Sept 5 (AFP): EU Trade Commissioner Peter Mandelson warned yesterday that long-deadlocked World Trade Organisation (WTO) talks faced a "deepfreeze" if negotiators fail to make a breakthrough in the coming months. Time is running out for negotiators to make...

Booming India-China trade can bring two countries closer

2007-09-06 00:00:00

BEIJING, Sept 5 (PTI): Booming Sino-Indian trade must be freed from all barriers and closer interaction between the businesses of the two nations can bring about faster rapprochement between the two Asian giants, a top Indian executive has said. "I...

Eurozone economy slows down in Q2 as investment drops

2007-09-06 00:00:00

BRUSSELS, Sept 5 (Xinhua): The Eurozone economy slowed in the second quarter of this year mainly due to declining investment and sharp drop in the construction sector, the European Union's statistics bureau Eurostat said yesterday. Economic growth in the 13-nations...

Bush urges China to spend more on US products

2007-09-06 00:00:00

BEIJING, Sept 5 (AFP): US President George W Bush called today on Chinese consumers to spend more on American products to help reduce China's surging trade surplus with the United States. "Certainly I hope that China changes from a saving...

BoE to hold interest rates amid credit woes

2007-09-06 00:00:00

LONDON, Sept 5 (AFP): The Bank of England (BoE) is expected Thursday to leave British interest rates at 5.75 per cent, according to economists. "The ongoing problems and uncertainties in credit and financial markets substantially boost the case for the...

WEF to work out solutions to China's growth pressure

2007-09-06 00:00:00

DALIAN, Sept 5 (CEIS): World elites will work together at the Inaugural Annual Meeting of the New Champions, or summer Davos meeting, to find solutions to ease China's pressure brought by high economic growth, said a senior official with the...

Free trade should top APEC economic leaders' agenda

2007-09-06 00:00:00

SYDNEY, Australia, Sept 5 (Xinhua): The stalled Doha round negotiations of the World Trade Organisations (WTO) should top the agenda of the Asia-Pacific Economic Cooperation (APEC) economic leaders when they meet here this week, according to a survey released here...

Lenders urged to work with US homeowners facing default

2007-09-06 00:00:00

WASHINGTON, Sept 5 (AFP): The Federal Reserve and other financial regulators urged mortgage holders yesterday to work with homeowners facing default to try to work out terms and help "preserve homeownership." The statement from the Fed and other regulators comes...

Britain backs Khan for IMF chief

2007-09-06 00:00:00

LONDON, Sept 5 (AFP): Britain said yesterday that it would back former French finance minister Dominique Strauss-Khan for the International Monetary Fund's soon-to-be vacant managing director post. "The UK believes that Dominique Strauss-Kahn is the candidate who best matches the...

Crude prices higher on eve of US energy data, hurricane threats

2007-09-06 00:00:00

SINGAPORE, Sept 5 (AFP): Crude prices rose in Asian trade today ahead of the release of a weekly US energy stockpiles report with traders expecting a drawdown in reserves, dealers said. Prices were further supported by the threat from the...

Winall Hi-Tech Seed Co, ACI Ltd sign deal

2007-09-06 00:00:00

An agreement has been signed on hybrid rice seed production between Winall Hi-Tech Seed Company Limited, China and ACI Ltd, Bangladesh, said a press release. The Chinese company will provide parent line and the production technology while ACI Limited is...

US auto sales strong despite credit crunch; GM leads

2007-09-06 00:00:00

DETROIT, Michigan, Sept 5 (AFP): Sales of new vehicles rose slightly in August as American consumers appeared confident despite troubled credit markets and the slump in housing, sales figures released yesterday showed. In a surprise, General Motors posted gains for...

Mattel again recalls toys made in China

2007-09-06 00:00:00

LOS ANGELES, Sept 5 (AFP): The US maker of Barbie dolls Mattel announced yesterday yet another massive recall of toys made in China, targeting some 844,000 items with high levels of lead, the company said in a statement. "As a...

Dollar mixed as market waits key US data

2007-09-06 00:00:00

TOKYO, Sept 5 (AFP): The dollar was mixed against major rivals in Asian trade today as investors waited nervously for key US reports to see how recent credit market turmoil has affected the economy, dealers said. They said currency markets...

Myanmar denies rumours about raising electricity prices

2007-09-06 00:00:00

YANGON, Sept. 5 (Xinhua): The Myanmar electric power authorities have denied rumors that electricity prices will be raised again along with the recent fuel price hike, the local Pyi Myanmar news journal reported Wednesday. The denial was made by Chief...

China's largest steel maker plans to quadruple capacity to 80m tonnes

2007-09-06 00:00:00

SHANGHAI, Sept 5 (AFP): China's largest steel maker plans to nearly quadruple capacity to 80 million tonnes by 2012, making it the world's second largest producer, state press reported today. Mainly state-owned Baosteel, which puts out about 23 million tonnes...

Int’l drugmakers accelerate research input in China

2007-09-06 00:00:00

BEIJING, Sept. 5 (CEIS): International drugmakers have accelerated their pace to establish research input in China for new patented medicines. During an ongoing conference held by International Pharmaceutical Federation(FIP) in Beijing, pharmaceutist like AstraZeneca, GlaxoSmithKline, Lilly and Pfizer have all...

China's natural gas policy to maintain long-term balance

2007-09-06 00:00:00

BEIJING, Sept 5 (CEIS): China issued a new policy on natural gas utilization at the end of August, and analysts hail this as China's effort to maintain long-term balance in gas supply and demand. The new policy bans the use...

'Overzealous pursuit' of anti-graft drives creates environment of fear

2007-09-06 00:00:00

FE Report An "overzealous pursuit" of anti-graft and other drives has created an environment of fear, thereby eroding confidence of the businessmen, chamber leaders told a dialogue. They have identified anti-graft, anti-hoarding, tax, bank account searching, money source searching, breaking...

Bata launches new designed shoes for Eid

2007-09-06 00:00:00

FE ReportBata Shoe Company Bangladesh Limited launched its some new designed shoes for the Eid-ul-Fitr at a city hotel Wednesday.At the launching ceremony Marketing Manager of the Bata Shoe Company Bangladesh Limited M A Quader said some 400 new designs...

Warid Telecom offers Tk 0.99/min rate to any operator

2007-09-06 00:00:00

FE ReportWarid Telecom has offered Tk 0.99 per minute call tariff to any operator for the first time in the country's telecommunications market.Named as 'Zem Fun', the new offer allows Warid's pre-paid subscribers to talk to any operator at Tk...

DBBL, banglalink sign agreement for SMS banking

2007-09-06 00:00:00

Dutch-Bangla Bank Limited (DBBL) and banglalink signed an agreement for SMS banking in the city recently, said a press release. CEO, banglalink, Rashid Khan and DBBL Executive Vice President (head of card division) Moyen Uddin Ahmed signed the agreement on...

BTTB realises Tk 12.33m in two months

2007-09-06 00:00:00

Our CorrespondentBRAHMANBARIA, Sept 3: Bangladesh Telephone and Telegraph Board (BTTB), Brahmanbaria unit realised a record revenue of more than Tk 12.33 million (TK 1.23 crore) in the months of June and July this year. In June, the revenue realised amounted...

Qatar Airways holds workshop for Ctg travel agents

2007-09-06 00:00:00

FE ReportQatar Airways (QA) recently held a workshop in the port-city for Chittagong-based travel agents. The objectives of the workshop were sharing the spirit of high standard of service for passengers of all categories, emphasising the sales and marketing efforts,...

CityCell stands beside flood victims

2007-09-06 00:00:00

FE ReportEmployees of CityCell contributed a day's salary of its employees to the Chief Adviser's Relief Fund for flood relief programmes, said a press release. Among several relief initiatives undertaken by the company, a cheque worth Tk. 1 million (10...