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Hill cutting and consequence

2007-06-27 00:00:00

WE thank the committees for submitting the report after investigating the June 11 landslides in Chittagong, which killed at least 126 people. Usually we see the official inquiries into such large-scale disasters in Bangladesh taking too long a time for...

More focus on traffic needed

2007-06-27 00:00:00

All the governments including the present caretaker one have so far taken several measures to improve Dhaka city's traffic situation. These measures include freeing the pavements from illegal encroachers, introduction of more buses and modern traffic signals, banning slow-moving auto-rickshaws...

A sophomoric analysis of National Budget 2007-08

2007-06-27 00:00:00

Reshma Islam, Farzana Shiraj Kanta and Tasmia AliTHE caretaker government's budget of Tk 871.37 billion (87,137 crore) for fiscal year(FY) 2007-08 is the biggest budget proposed ever. The main feature of the budget is its huge deficit of Tk 298.36...

Helen Keller : The light to the blind

2007-06-27 00:00:00

Parvez BabulHELEN means 'light'! But very unfortunately the girl named Helen did not have light in her eyes. She was blind. Though the person Helen Keller could not see this beautiful world due to her blindness, but she had a...

China launches $1b African trade fund

2007-06-27 00:00:00

BEIJING, June 26 (AP): China launched a $1 billion fund Tuesday to finance trade and investment by Chinese companies in Africa as part of efforts to nurture commercial ties with the resource-rich continent.The fund is part of Chinese aid and...

Int'l role of euro differs across global markets

2007-06-27 00:00:00

FRANKFURT, June 26 (AFP): The European Central Bank (ECB) said yesterday that the international role of the euro has become differentiated, depending on the particular global market segment being looked at. In its sixth annual review of the international role...

Beijing to revive troubled trust sector as govt-run cos run into difficulties

2007-06-27 00:00:00

BEIJING, June 26 (AFP): China is to revive several trust and investment corporations after hundreds of the government-run companies ran into difficulties during the 1990s Asian financial crisis, state press said today. The China Banking Regulatory Commission will issue licences...

AirAsia founder in budget hotel venture with Dubai govt

2007-06-27 00:00:00

SINGAPORE, June 26 (AFP): Malaysia's Tune Hotels.com said today it has set up a 50-million dollar joint venture with the Dubai government and a Singapore business tycoon to open 30 budget hotels in Southeast Asia. The joint venture will expand...

Philippine imports fall 1.8pc in April

2007-06-27 00:00:00

MANILA, June 26 (AFP): Philippine imports in April fell 1.8 per cent from a year earlier to 4.336 billion dollars due to a drop in demand for electronic components used in the country's export industry, the government announced today. Total...

Malaysian workers demand minimum wage

2007-06-27 00:00:00

KUALA LUMPUR, June 26 (AFP): Thousands of Malaysian workers staged a nationwide protest yesterday to demand the government set a 900 ringgit (260 dollars) monthly minimum wage for private sector employees. Officials from Malaysia's largest trade union estimated that 30,000...

654,602 tourists visit Myanmar in 2006-07

2007-06-27 00:00:00

YANGON, June 26 (Xinhua): A total of 654,602 foreign tourists visited Myanmar in the fiscal year 2006-07 which ended in March, bringing about an increase of 11.4 per cent of the country's foreign exchange earning compared with the previous year,...

Oil prices lower in Asia on gasoline worries

2007-06-27 00:00:00

SINGAPORE, June 26 (AFP): Oil prices were lower in Asian trade today in a market underpinned by below-normal gasoline (petrol) inventories in the United States, dealers said. At 3:00 pm (0700 GMT), New York's main oil futures contract, light sweet...

IPI gas pipeline project to promote trilateral economic relations

2007-06-27 00:00:00

TEHRAN, Jun 26 (APP): The Iran-Pakistan-India (IPI) gas pipeline project will promote trilateral economic relations on a long-term basis, Ambassador of Pakistan to Iran Shafkat Saeed has said.In an exclusive interview with a leading Iranian English language newspaper Iran Daily,...

Yen firms in Asian trade on sluggish US stocks

2007-06-27 00:00:00

TOKYO, June 26 (AFP): The yen clawed away from a four- and-a- half year low against the dollar in Asian trade today after US stocks remained under pressure and Japan's finance minister said currencies should reflect fundamentals, dealers said. The...

Vietnam posts bigger garment export turnovers in first half

2007-06-27 00:00:00

HANOI, June 26 (Xinhua): Vietnam is estimated to export textiles and garments worth 3.4 billion U.S. dollars in the first half of this year, a year-on-year rise of nearly 24.1 per cent, according to a local industry association today. In...

ADB to boost clean energy programme

2007-06-27 00:00:00

MANILA, June 26 (AFP): The Asian Development Bank (ADB) said today it was planning to boost its clean energy program to one billion dollars annually amid warnings Asia's contribution to green gas emissions could get worse. ADB president Haruhiko Kuroda...

China encourages installation of large thermal power units

2007-06-27 00:00:00

BEIJING, June 26 (CEIS): Following the energy-saving and emission-cutting policy, China has progress in massively closed small thermal power plants and small thermal power units while building large and high-efficient power units. One example is Huaneng Group, which has closed...

BB encourages banks, financial institutions to lend to SMEs

2007-06-27 00:00:00

FE ReportIn a Focus Group Discussion held Monday with the financial sector, the central bank urged the banks and financial institutions to lend money to SMEs. The discussion was jointly coordinated by Bangladesh Bank (BB) and IFC-SEDF, said a press...

ACI approves 60pc dividend

2007-06-27 00:00:00

FE Report Advanced Chemical Industries (ACI) Limited approved 60 per cent dividend, that is, Tk 6.00 per share of Tk 10 for its shareholders.The dividend was approved by its shareholders at the 34th annual general meeting (AGM) of the company...

AKTEL double-money offer for inactive pre-paid subscribers

2007-06-27 00:00:00

FE ReportAKTEL, the country's one of the largest mobile service providers, has recently launched 'Re-activate pre-paid SIM and get money doubled' offer for the inactive pre-paid SIM subscribers of the operator.Under this offer, any inactive customer can now reactivate his/her...

DBBL donates Tk 12m to hospital

2007-06-27 00:00:00

FE Report Dutch-Bangla Bank Limited (DBBL) has donated Tk 12 million (1.20 crore) to Shishu Sasthya Foundation Hospital for construction of first and second floors (about 15,000 square feet) of its 6-storey hospital building.In this connection, Shishu Sasthaya Foundation organised...

BKB's board meet held

2007-06-27 00:00:00

The 437th board meeting of the board of directors of Bangladesh Krishi Bank (BKB) was held at its board room in the city Tuesday, said a press release. BKB Chairman SA Chowdhuwry presided over the meeting.At the beginning of the...

Participation of women investors in stock market emphasised

2007-06-27 00:00:00

FE ReportSalta Capital Ltd (SCL), a brokerage house of Chittagong Stock Exchange (CSE), organised a seminar in the port-city Monday on the occasion of opening a separate booth for women investors to facilitate their smooth share trading. Women Chamber of...

BATA Int'l Group holds product dev meeting

2007-06-27 00:00:00

FE ReportA two-day regional product development meeting of the Bata International Group of the Bata Shoe Organisation began in the city Tuesday.Bata International Group (West) Managing Director J Carbajal formally inaugurated the meeting.Managing directors, product development managers and merchandising managers...

Japan approves Tk 230m for Faridpur infrastructure development project

2007-06-27 00:00:00

FE ReportThe government of Japan approved Tuesday the utilisation of Japanese Counterpart Fund amounting to Tk 230 million (23 crore) for the greater Faridpur infrastructure development project.The aim of the project is to alleviate poverty in greater Faridpur district through...

Banglalink signs corporate deal with Khaza Corporation

2007-06-27 00:00:00

FE ReportBanglalink has recently signed a corporate deal with Khaza Corporation in Rajshahi under its "enterprise" package, which is known as the most popular corporate offer in the market.Khaza Corporation Managing Director Khaza Khaled Lezar and Head of Corporate Sales...

Dhaka to help Suva with skilled, semi-skilled manpower

2007-06-27 00:00:00

FE Report Bangladesh is ready to help Fiji in its development with skilled and semi-skilled manpower. Bangladesh High Commissioner (HC) to the Republic of the Fiji Islands M Humayun Kabir said this while presenting his credentials to Fijian President Ratu...

Bahrain minister visits software company

2007-06-27 00:00:00

FE ReportMinister of State for Foreign Affairs of Bahrain Nezar Al-Baharna visited Dohatec New Media, a software company on June 21.The minister's visit to the company was on his own initiative.He was impressed by the quality of software development and...

DIIT holds seminar on info security

2007-06-27 00:00:00

FE ReportA special seminar on 'information security in 21st century' was organised by Daffodil Institute of IT (DIIT) on its Dhanmondi campus in the city recently.The keynote speaker of the seminar was Paul Sant, senior lecturer of University of Bedfordshire...

SMC awards 12 best artists in city

2007-06-27 00:00:00

FE ReportSocial Marketing Company (SMC) held a programme on 'Environment and Health: A child's Perspective' at a local hotel Tuesday to award 12 best artists from an art competition organised by the company for school children of Dhaka city.The aim...