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Dacoits loot cash, valuables from house in Pabna

2007-07-23 00:00:00

PABNA, July 22 (UNB): Robbers looted cash and other valuables from a house at Srirampur village under Sadar Upazilla early Saturday leaving all the five inmates unconscious.Police said the gang numbering from 7 to 8 stormed into the house of...

Bangladeshi student selected for zero-gravity flight

2007-07-23 00:00:00

Rafiqul Islam, one Bangladeshi student, has been selected for zero gravity flight by-World Space Week Association (www.spaceweek.org) based in Houston, USA, an affiliated organisation of the United Nations engaged in creating space awareness among the students around the world.Under the...

Worse than a savage act

2007-07-23 00:00:00

THE ghastly murder of advocate Sayma Khanum by slitting her throat inside her Elephant Road apartment by an assassin the other day has again seriously jolted the confidence of most people in the sanity of fellow men. What he did...

The state and the market: coalition or collision?

2007-07-23 00:00:00

Hasan MahmudWITH the whirlpool of globalisation, neo-liberalism has become the orthodoxy which conceives that greater welfare for human beings can be achieved by the free operations of the market. Specifically, this premise demands the state's withdrawal from the economic arena...

Pakistan President faces tougher times ahead

2007-07-23 00:00:00

Farhan Bokhari in Islamabad and Jo Johnson in New DelhiGENERAL Pervez Musharraf's hopes to have himself re-elected as Pakistan's president in uniform later this year have been plunged into doubt by the Supreme Court's 10-3 decision to re-instate Pakistan's most...

Sunderbans must be saved

2007-07-23 00:00:00

Borhanuddin AhmedSUNDARBANS located in the south-west of the country is the pride of Bangladesh. This forest land is considered to be the biggest mangrove forest of its type in the world. The UNESCO in 1997 gave recognition to the Sunderbans...

Women entrepreneurs as bank clients

2007-07-23 00:00:00

HARDLY anyone would disagree that each and every woman has some kind of entrepreneurial skill by birth. Otherwise, women, including those disadvantaged in the rural area who are already involved with some kinds of economic activities would not have survived,...

Desperate for power

2007-07-23 00:00:00

LIFE without electricity continues to be the fate of Bangladeshis. Cooling fans do not whirl overhead during these days, foods in refrigerators rot from long periods of power turn-offs, students cannot study peacefully for their academic pursuits, motors cannot be...

Will US finally end cluster bomb export?

2007-07-23 00:00:00

Ellen Massey from WashingtonAt the end of June, a few members of the U.S. Congress made a discreet move to limit this country's exports of cluster bombs, a weapon that has been used around the world since the Second World...

Partisan lines harden in Iraq debate

2007-07-23 00:00:00

Jim Lobe from WashingtonAfter a week and a half of Senate debate, including an all-night session Tuesday, the possibility that legislation to de-escalate U.S. military intervention in Iraq soon could be adopted by a strong bipartisan majority appears to have...

China raises rates after fastest growth in 12 years

2007-07-23 00:00:00

Nipa Piboontanasawat and Li YanpingChina raised interest rates for the third time since March to cool the fastest pace of economic growth in 12 years and restrain inflation. The benchmark one-year lending rate will rise by 0.27 percent point to...

Bernanke breaks with Greenspan, stresses forecasts, consumers

2007-07-23 00:00:00

Craig TorresFederal Reserve Chairman Ben S. Bernanke's appearance before Congress marked his clearest break yet with predecessor Alan Greenspan. In two days of testimony last week, Bernanke emphasized the Fed's predictions for growth and inflation and devoted about half his...

China seeks to control its blazing economy

2007-07-23 00:00:00

BEIJING, July 22 (AFP): China is expected to take more steps to slow its galloping economy, a key engine of global growth, after hiking borrowing costs in a bid to stop the boom giving way to a bust. China's central...

Despite outcry, many Americans can't live without China goods

2007-07-23 00:00:00

WASHINGTON, July 22 (AFP): Even as protests grow about US imports from China, many Americans may find it hard to manage without the range of products that dominate or in some cases monopolise the marketplace. Safety concerns over Chinese-made goods...

'Economy of Zimbabwe will not collapse'

2007-07-23 00:00:00

HARARE, July 22 (Xinhua): Reserve Bank of Zimbabwe Governor Gideon Gono has said the country's economy will not collapse, in the face of growing economic difficulties, because of heavy investment made in the mainstay agricultural sector, New Ziana reported yesterday....

Chinese inflation could infect world economy

2007-07-23 00:00:00

PARIS, July 22 (AFP): A recent spurt in Chinese consumer prices has sparked concern that the trend could trigger a world-wide inflationary surge at a time of rising oil and food costs and upward wage pressures. Driven by the food...

S’pore urges overseas students to return home to work

2007-07-23 00:00:00

SINGAPORE, July 22 (AFP): Singaporeans studying overseas have been urged to return home to pursue their careers amid a drive to attract more foreign talent and professionals to the city-state, the Sunday Times reported. Manpower Minister Ng Eng Hen said...

Business is booming at the top of the world

2007-07-23 00:00:00

KATHMANDU, July 22 (AFP): Fancy standing on the top of Mount Everest? If you have previous high-mountain experience, an understanding boss and about 40,000 dollars to spare, Russell Brice, a New Zealander and leading Himalayan expedition organisers, can probably help....

Asian currencies rise against the dollar

2007-07-23 00:00:00

HONG KONG, July 22 (AFP): Asian currencies ended the week mostly up against the dollar as a lack of confidence in the US housing market plagued the greenback and a warning from the Federal Reserve said problems could worsen. JAPANESE...

Intel goes 'deep inside' India to tap rural heartland

2007-07-23 00:00:00

JAIPUR, India, July 22 (AFP): Intel marketing veteran John McClure likes to tell the story of an unschooled Indian farmer who wanted to catch and store rain to water his crops but didn't know how to go about it. The...

BP faces fines after Texas blast

2007-07-23 00:00:00

The US Occupational Safety and Health Administration (OSHA) has said it will fine BP $92,000 (£44,700) for breaches after a fatal blast in Texas in 2005, reports BBC. The explosion and fire at BP's Texas City refinery killed 15 people...

Dubai boasts it now has tallest building in the world

2007-07-23 00:00:00

DUBAI, July 22 (AFP): The booming Gulf emirate of Dubai boasted yesterday that it has created a "new global landmark," with its Burj Dubai tower becoming the tallest building in the world at 512.1 metres (1,680 feet). Burj Dubai, Arabic...

Japan revs up Britain's struggling car industry

2007-07-23 00:00:00

SUNDERLAND, England, July 22 (AFP): "It's a bit of a feather in the cap," said Nissan's head of European operations, Trevor Mann, of the export of Nissan's British-made cars to Japan for the first time in more than a decade....

Lured by 11-month highs, speculators drive oil prices higher

2007-07-23 00:00:00

NEW YORK, July 22 (AFP): Under rising demand, geopolitical tensions and infrastructure problems, oil is commanding high prices not seen for nearly a year, luring speculators who are pushing prices ever skyward. In just the past month, crude prices have...

President urges Indian trade bodies to reduce trade gap with Dhaka

2007-07-23 00:00:00

President Iajuddin Ahmed Sunday urged the concerned authorities and business community to reduce Bangladesh's "huge trade gap" with India, reports BSS."Import trade of Bangladesh with India is huge compared to other countries . . . I will call upon the...

Mirza stresses on corporatisation of banks

2007-07-23 00:00:00

FE ReportFinance Adviser AB Mirza Md Azizul Islam laid importance on the corporatisation of banks to meet the challenge of globalisation. He was speaking as the chief guest at a seminar on 'Changing Corporate Culture' held at Brac Centre in...

Warid Telecom achieves 1.0m active subscribers in 70 days

2007-07-23 00:00:00

FE ReportWarid Telecom International Ltd has achieved one million (10 lakh) active subscribers in just 70 days of its operations in the country, which is the fastest subscriber growth by any mobile company here, said a press release.A concern of...

Govt borrows Tk 8.0b thru' treasury bills

2007-07-23 00:00:00

FE ReportThe government borrowed Tk 8.00 billion (800 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 8.00 billion from the market in the week.The central bank conducted auctions of 28-day, 91-day and 182-day bills...

NCC Bank procures Tk 31.55b deposit in 1st half

2007-07-23 00:00:00

FE ReportNational Credit and Commerce (NCC) Bank Ltd procured a total deposit of Tk 31.5551 billion (3,155.51 crore) in the 1st half of 2007 which was 24.39 per cent higher than that of the previous half year. Total loans and...

EXIM Bank holds half-yearly managers' confce

2007-07-23 00:00:00

FE ReportExport Import (EXIM) Bank of Bangladesh Limited held its Half-Yearly Branch Managers' Conference 2007 at a city hotel Saturday.Board of Directors Chairman Md Nazrul Islam Mazumder was present as chief guest while Managing Director Kazi Masihur Rahman presided over...