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Air India planning to create European hub

2007-07-24 00:00:00

NEW DELHI, July 23 (PTI): State-run carrier Air India, which is being merged with another national airline Indian, is looking to create a hub in Europe and rationalise its route structure by providing more direct services. Following the footsteps of...

Toyota to restart output as supplier recovers

2007-07-24 00:00:00

TOKYO, July 23 (AFP): Japan's top automaker Toyota Motor Corp. said today it will resume some of its domestic production Tuesday as a key parts supplier re-started a plant hit by last week's earthquake. Riken Corp., the supplier at the...

Dubai Aerospace bids for control of Auckland Airport

2007-07-24 00:00:00

WELLINGTON, July 23 (AFP): The board of Auckland International Airport said Monday it was recommending a bid by Dubai Aerospace Enterprise to take control of the company that runs New Zealand's largest air hub. Dubai Aerospace is proposing to buy...

Chinese restaurant opens at Luxmi Bazar today

2007-07-24 00:00:00

FE ReportA Chinese restaurant named "Bhoz Restaurant and Chinese Garden" will be inaugurated at 56, Mia Saheber Maidan Avenue, Old Luxmi Bazar today (Tuesday).A milad mahfil was organised at Luxmi Bazar on the occasion. Local elite and devotees of Mia...

More urban Chinese plan to buy cars

2007-07-24 00:00:00

CHANGCHUN, July 23 (Xinhua): Soon after obtaining a driver's license, Xiao Xu, a young teacher in an industrial city in northeast China, has put car purchase on her agenda as she eagerly wants to sit behind the wheel. Xiao Xu...

Simultaneous hike in prices of power, gas, oil likely soon

2007-07-23 00:00:00

S M JahangirA decision on the simultaneous hike in the prices of power, gas and petroleum is likely to come soon amid the fear of its consequences for the overall economy."The proposals for upward adjustment of the prices of electricity,...

Globeleq sells 3 power plants in Bangladesh to Malaysian firm

2007-07-23 00:00:00

A Z M AnasGlobeleq, the British power company, has sold out seven of its power units set up across South Asia and North Africa, including three in Bangladesh, to Pendekar Energy Limited of Malaysia. The British power generator owns as...

Gang guns down central bank DGM in Savar

2007-07-23 00:00:00

A Bangladesh Bank (BB) official was gunned down by gangsters in a raid on his home in Dhamrai municipal area amid heavy rain early Sunday, reports UNB.The deceased was identified as Hedayetullah (52), deputy general manager (Offside and Supervision) of...

Record rainfall paralyses life, businesses in city

2007-07-23 00:00:00

FE ReportTorrential downpour throughout the country during the last two days inundated low lying city areas and halted usual business activities causing untold sufferings to the people in the capital.Most of the city roads and streets were submerged due to...

Khaleda asks expats to protest 'injustice'

2007-07-23 00:00:00

BNP Chairperson Khaleda Zia Sunday asked the expatriate Bangladeshis to wage a movement against "injustice" in the country, reports bdnews24.com. The former prime minister made the call in a teleconference from home with the leaders of BNP's Australia unit. "As...

Hasina asks people not to lose hope: lawyer

2007-07-23 00:00:00

Detained Awami League Chief Sheikh Hasina asked people to unite against injustice, a lawyer quoted her as saying Sunday, reports bdnews24.com. "People must not lose morale," Hasina was quoted as saying by advocate Sahara Khatun who had visited Hasina in...

Rising baht bites hands that feed Thai exports

2007-07-23 00:00:00

Amy Kazmin, FT Syndication ServiceBANGKOK: Thai Silp South East Asia, a Thai garment exporter with 5,000 workers, had been struggling financially ever since it lost one of its biggest customers last year. But lately, as the Thai baht surged against...

Banks advised again not to ask importers about sources of fund

2007-07-23 00:00:00

FE Report The Bangladesh Bank (BB) has again directed the commercial banks not to harass importers of essential items by asking the sources of import finance while opening letters of credit (LCs). "The BB has not given any instruction to...

Hannan Shah, son released on bail

2007-07-23 00:00:00

GAZIPUR, July 22 (UNB): BNP chairperson Khaleda Zia's adviser Brig (retd) Hannan Shah and his son, detained in four extortion suits, were Sunday set free from Kashimpur jail as they have secured bail in all the cases.Both the father and...

National commission on jute on the cards

2007-07-23 00:00:00

FE Report Industries Ministry Adviser Geetiara Safiya Chowdhury Sunday said the government is mulling to constitute a national commission on jute comprising experts from private sector. "The national commission will recommend to us how to make the jute sector more...

Four testify in camera-buying case against Ershad

2007-07-23 00:00:00

A divisional special judge court Sunday recorded depositions made by four witnesses in the Electronic News Gathering (ENG) camera-buying case against former President HM Ershad as part of the continuing trial proceedings. Sources said Ershad appeared in the court amid...

Yunus flies back home

2007-07-23 00:00:00

Nobel Laureate Muhammad Yunus flew back home Saturday, capping a visit to South Africa. Yunus, who went to South Africa on July 16, attended the 89th birth anniversary of another Nobel laureate and former president Nelson Mandela. Former US President...

Govt to allow limited potato import ahead of Ramadan

2007-07-23 00:00:00

Doulot Akter MalaThe government has taken a decision to allow limited import of potato to ensure adequate supply and rein in the prices, ahead of the month of Ramadan."Importers selected by the BDR will only be allowed to import potato...

Stock prices on DSE continue bullish trend

2007-07-23 00:00:00

FE ReportStock prices on the Dhaka Stock Exchange (DSE) continued on a bullish trend for the fourth consecutive day Sunday, the first trading session of the week, following buying spree.DSE-General Index (DGEN), DSE-20 Index (DS20) and All Shares Price Index...

DU work abstention programme observed

2007-07-23 00:00:00

DU CorrespondentThe two-day protest programmes of the pro-Awami League (AL) teachers of Dhaka University (DU) ended Sunday with observance of a half-day work abstention demanding unconditional release of AL chief Sheikh Hasina.Classes were hardly held at the Arts, Social Sciences...

Implement minimum wages for garment workers by Aug 31

2007-07-23 00:00:00

FE Report The government gave Sunday a fresh ultimatum until August 31 to implement minimum wages for the workers in the country's garment factories. The earlier deadline for implementation of minimum wages in the garment sector expired June 30. "We...

BB, chief executives of PDs discuss mkt situation today

2007-07-23 00:00:00

FE Report The Bangladesh Bank (BB) will meet the chief executives of all primary dealer banks and a non-banking financial institution (NBFI) today (Monday) to discuss the overall market situation. The PDs are likely to raise some issues including the...

Elected govt a must to attract foreign investment : Japan envoy

2007-07-23 00:00:00

Japanese Ambassador Massayuki Inoue Sunday said an early election and a new elected government in Bangladesh are an imperative to attract foreign investment, alongside keeping the ongoing reforms and anti-graft drive on steam, reports UNB."The world is very small…Every citizen...

Why cancelling 27th BCS viva voce not illegal

2007-07-23 00:00:00

The High Court (HC) Sunday issued rule upon the Public Service Commission (PSC) to explain why its decision canceling the viva-voce results of the much-debated 27th Bangladesh Civil Service examination should not be declared "illegal," reports UNB.It also asked the...

CPD to undertake policy study on jute sector

2007-07-23 00:00:00

FE Report The Centre for Policy Dialogue (CPD) has decided to undertake a policy study in view of the current debate and discussion with respect to the jute sector of the country to be completed in three months. An expert...

China to boost volume of trade to $5b by 2010

2007-07-23 00:00:00

FE Report China has expressed its interest to boost annual volume of bilateral trade to $5.0 billion by 2010 through more access of Bangladeshi products into its market."China does not want to pursue big surplus in bilateral trade. We hope...

Wadud Bhuiyan jailed for 20 yrs

2007-07-23 00:00:00

CHITTAGONG, July 22 (bdnews24.com): A special court in Chittagong Sunday sentenced former BNP lawmaker Wadud Bhuiyan to 20 years in jail for corruption. The verdict also provided for attachment of Bhuiyan's assets worth Tk 63.6 million (6.36 crore). Public Prosecutor...

science briefing:

2007-07-23 00:00:00

Mind-reading hits a cultural barrierAlan CaneThe barriers to good cross-cultural understanding may be higher than people have hitherto believed. Research into the way we "read" the minds of other people suggests that our inability to understand intuitively the actions and...

developments in the region and abroad

2007-07-23 00:00:00

US force not ruled out in Pakistan WASHINGTON (AP): The U.S. would consider military force if necessary to stem al-Qaida's growing ability to use its hideout in Pakistan to launch terrorist attacks, a White House aide said Sunday. The president's...

Bangladesh, India for half-yearly trade ministers meet

2007-07-23 00:00:00

Bangladesh and India Sunday stressed the need for holding half-yearly meeting of their trade ministers and more frequent secretary-level meeting to remove trade barriers between the two countries, reports UNB.Both Finance and Commerce Adviser Mirza Azizul Islam and Visiting Indian...