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Dollar regains strength, call rate steady

2007-08-10 00:00:00

FE ReportThe US dollar regained its strength against the Bangladesh taka (BDT) Thursday in the inter-bank foreign exchange market due to higher demand for the greenback, fund managers said.The exchange rate of the dollar against the BDT moved between the...

BNP men 'to be shocked if Khaleda not permitted'

2007-08-10 00:00:00

GAZIPUR, Aug 09 (UNB): BNP chairperson's adviser ASM Hannan Shah said Thursday the countrymen, particularly the BNP leaders and workers, would be deeply shocked if party chairperson Khaleda Zia is not allowed to join relief activities. "She should not be...

Rush at ICDDR,B hospital

2007-08-10 00:00:00

Increasing number of patients with severe diarrhoea are crowding the city's ICDDR,B hospital, a specialised centre of treatment for diarrhoea and cholera, reports UNB.A total of 4,397 patients were admitted to the hospital with severe diarrhoea in the last seven...

Notice to Hasina was flawless, says ACC chief

2007-08-10 00:00:00

In the wake of the High Court's stay order on the operation of the notice issued to Sheikh Hasina for submitting wealth statement, Anti-Corruption Commission (ACC) Chairman Lt Gen (retd) Hasan Mashhud Chowdhury Thursday said the notice was flawless and...

Corporate bodies, banks donate money to CA's relief fund for flood victims

2007-08-10 00:00:00

FE Report A number of corporate bodies and banks continued donations of money to the Chief Adviser's (CA) relief fund for helping the flood-affected people across the country.Islamic Banks Consultative Forum (IBCF) Chairman Abu Nasser Muhammad Abduz Zaher and Vice-Chairman...

Proper planning can uplift Kaptai National Park as an eco-tourism spot

2007-08-10 00:00:00

Our CorrespondentCHITTAGONG, Aug 09: Kaptai National Park (KNP) may emerge as an attractive eco-tourism spot for the visitors from both home and abroad, if the concerned authorities continue to develop it with proper planning in without interruption.Based at Kaptai upazila...

Banglalink to organise music festival for flood victims

2007-08-10 00:00:00

FE ReportBanglalink will organise a "Desh Music Festival-2007" to create awareness about the flood affected people and to stand beside them in their distress.The music festival will take place on August 17 and August 18, 2007 at Fantasy Kingdom near...

corporatewatch

2007-08-10 00:00:00

Recommendation of dividendApex Foods: The board of directors of Apex Foods Limited has recommended 18 per cent cash dividend for its shareholders for the year 2006-2007. The annual general meeting (AGM) of the company will be held on September 27,...

Karmashangsthan Bank distributes Tk 24.9 million

2007-08-10 00:00:00

RANGAMATI, Aug 9 (BSS): Rangamati branch of Karmashangsthan Bank has distributed over 24.9 million among the young entrepreneurs for setting up agro-based industries considering the availability of raw materials in the district.The bank has sanctioned loans for making investment in...

Govt allocates Tk 0.8m for 65 NGOs of Cox's Bazar

2007-08-10 00:00:00

COX'S BAZAR, Aug 09 (BSS): The government has allocated a total of Tk 0.8 million (8.0 lakh) for 65 organisations for carrying out their social welfare activities in the district.Cox's Bazar Additional Deputy Commissioner Arifur Rahman distributed the grant money...

Asian stocks mostly higher

2007-08-10 00:00:00

HONG KONG, Aug 09 (MarketWatch): Asian stocks mostly ended higher Thursday in the wake of a Wall Street rally, with technology firms such as Advantest Corp. pacing gains in Japan, but Indian shares sharply retreated from early gains as fears...

Mortgage concerns hit US markets

2007-08-10 00:00:00

US share indexes tumbled amid fears that a wobble in the mortgage market may prompt a global credit crunch, reports BBC. The Dow Jones fell 199.24 points, or 1.5 per cent, to 13,458.62. The S&P shed 1.7 per cent to...

Afghanistan, Pakistan must work together: Karzai

2007-08-10 00:00:00

KABUL, Aug 9 (AFP): Afghan President Hamid Karzai told hundreds of Afghan and Pakistan tribal leaders Thursday that both nations could defeat a resurgent Al-Qaeda and Taliban if they worked together. Karzai's remarks came as he opened three days of...

Iran vows to back Iraq PM's security drive

2007-08-10 00:00:00

TEHRAN, Aug 9 (AFP): Iraqi Prime Minister Nuri al-Maliki Thursday won pledges from Iranian leaders to support his drive to restore security to Iraq, amid US accusations that Iran is behind deadly attacks in the country. The embattled Maliki met...

East Timor violence recalls independence: Ramos-Horta

2007-08-10 00:00:00

DILI, Aug 9 (AFP): As East Timor's new government began its first working day Thursday, President Jose Ramos-Horta said violence that broke out this week recalled the bloody days of the nation's independence vote. Unrest surrounding East Timor's vote to...

China, Russia lead anti-terrorism drills

2007-08-10 00:00:00

BEIJING, Aug 9 (AFP): China, Russia and four central Asian nations began a joint anti-terror military drill in a remote Muslim- dominated Chinese region Thursday, state press reported. The exercise involves a total of 6,000 troops and 36 aircraft from...

South Asia floods toll passes 2,000 mark

2007-08-10 00:00:00

NEW DELHI, Aug 9 (AFP): The death toll from the worst monsoon floods to hit South Asia in decades passed 2,000 Thursday even as the torrents of muddy water recede from millions of acres of farmland. Despite several dry days...

Indian PM stands firm against left veto of US nuclear deal

2007-08-10 00:00:00

NEW DELHI, Aug 9 (AFP): Indian Prime Minister Manmohan Singh is standing firm in the face of opposition from his government's communist partners, insisting that a key civilian nuclear deal with Washington will not be renegotiated. Singh's unequivocal "no" to...

Shiite pilgrims converge on Baghdad

2007-08-10 00:00:00

BAGHDAD, Aug 9 (AP): Tens of thousands of Shiite pilgrims converged on a golden-domed shrine in northern Baghdad, some beating their heads and chests with their hands and others dancing in a circle to honor an eighth century saint known...

Pakistan court hears ex-PM's exile appeal

2007-08-10 00:00:00

ISLAMABAD, Aug 9 (AFP): Pakistan's Supreme Court Thursday began deliberating an application by former prime minister Nawaz Sharif to have his exile overturned and be permitted to return to the country. Sharif lodged his appeal earlier this month to end...

Ukraine man declared the world's tallest

2007-08-10 00:00:00

KIEV, Ukraine, Aug 9 (AP): A Ukrainian man is the tallest person in the world at 8 feet 5 inches, overshadowing a Chinese man who previously held the title, Guinness World Records said Wednesday. Leonid Stadnik, a 37-year-old former veterinarian,...

Nine soldiers killed in Philippines ambush

2007-08-10 00:00:00

ZAMBOANGA, Philippines, Aug 9 (AFP): Muslim extremists killed nine soldiers, and wounded two others, in an ambush on their convoy Thursday in the southern Philippines, the military said. The attack took place outside Maimbung town on the island of Jolo...

Hedging the second most important export sector

2007-08-10 00:00:00

THE export-oriented frozen food sector which includes mainly the export of shrimp, has been emerging as the second most important item in the country's export trade after readymade garments. Considering its future potential as an export item of value, it...

Expanding the export basket

2007-08-10 00:00:00

Syed Ishtiaque RezaBANGLADESH'S flagship export item -- ready made garment sector (RMG) -- is reportedly losing orders from foreign buyers. If it is really a declining earning trend for the RMG sector, then the entire export sector of the country...

Remittances and economic development

2007-08-10 00:00:00

Md. Abdul JabbarREMITTANCES have played a significant role in poverty reduction in most of the developing countries. However, there have been few studies on the impact of remittances on the growth of GDP of a country. In estimating the impact...

Demanding probe against former chief justice

2007-08-10 00:00:00

Amy Yee THE allegations have thrown the spotlight on what critics see as the lack of accountability in India's judiciary, which is renowned for its plodding procedures, the impunity it grants sitting judges and a mounting backlog of cases.Y.K. Sabharwal,...

The supply of agro-inputs

2007-08-10 00:00:00

THE supply of basic agro-inputs such as fertilisers is noted to be a rather unreliable and corruption-riddled process nowadays. Not only fertilisers, farmers have been found facing difficulties in getting smooth supply of other inputs like seeds, irrigation water, diesel...

Providing succour to the flood-hit people

2007-08-10 00:00:00

This year's flood has already caused a havoc to the lives of millions of people. So far the death toll crossed 150 persons. It also caused an extensive loss of crops and property. The present government as well as the...

Myanmar commits to upgrading ASEAN highway domestic sections by 2009

2007-08-10 00:00:00

YANGON, Aug. 9 (Xinhua): Myanmar is striving to complete upgrading its four domestic sections of roads of the ASEAN Highway Network to Class-3 by 2009 under an agreement reached by ASEAN Transport Ministers at their meeting in Yangon last month,...

FDI commitment grows up in Nepal

2007-08-10 00:00:00

KATHMANDU, Aug. 9 (Xinhua): Despite political breakthrough and steps toward restoring peace, foreign direct investment (FDI) commitment grew by a meager 313 million Nepali rupees (some 4.8 million US dollars) over the fiscal year in 2006/07 ended in mid- July....