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Minu's detention extended for 90 days

2007-07-13 00:00:00

RAJSHAHI, July 12 (BSS): The detention order of Mayor of Rajshahi City Corporation (RCC) Mijanur Rahman Minu was extended for another three months today. Court sources said police produced him before the court of a metropolitan magistrate here on his...

Magura municipality budget announced

2007-07-13 00:00:00

Our CorrespondentMAGURA, July 12: Magura Municipality has announced its budget of Tk 8,18,56,411.00 for expenditure and Tk 8,19,20,717.00 for income for the fiscal 2007-2008 recently.The present budget includes additional Tk 4,86,33,717.00 for income and Tk. 3,99,05,689.00 for expenditure.The fund of...

Pubali Bank shifts its Mokambazar branch

2007-07-13 00:00:00

FE ReportPubali Bank Limited has shifted its Mokambazar branch, Sylhet to new premises with a view to providing best and modern banking services. Chairman of the board of directors of the bank Hafiz Ahmed Majumder inaugurated the new branch as...

Seventh international confce on HRM, dev begins from July 24

2007-07-13 00:00:00

FE ReportThe 7th International Conference on Human Resource Management and Development - 2007 by Rapport Bangladesh Limited as its annual event will be held from July 24 to July 29 at Dhaka Sheraton Hot1el, said a press release. President Iajuddin...

CRISL to conduct credit ratings of Jamuna Oil, Meghna Petroleum

2007-07-13 00:00:00

FE ReportFrom now on the Credit Rating Information and Services Limited (CRISL) will conduct the credit ratings of Jamuna Oil Company Limited and Meghna Petroleum Limited.In this connection, the CRISL signed two memorands of understanding (MoUs) with the two companies...

Quality seed crisis hits Aman farming in north

2007-07-13 00:00:00

Our CorrespondentNILPHAMARI, July 12: The Aman cultivation in the country's northern region is seriously affected due to crisis of quality seeds in the local markets, sources said.According to Nilphamari seed certification office sources, less than 1.0 per cent of paddy...

Most Asian markets rise

2007-07-13 00:00:00

HONG KONG, July 12 (AP): Most Asian markets rose Thursday as Hong Kong stocks bounced back and as shares in South Korea and Indonesia hit new records. Japanese shares, however, slipped for a third day.In Tokyo, the Nikkei 225 index...

corporatewatch

2007-07-13 00:00:00

Bangladesh Services recommends 10pc cash, 5pc stock dividends The board of directors of Bangladesh Services has recommended 10 per cent cash and 5.0 per cent stock dividends for the year that ended on December 31, '06. The annual general meeting...

Funeral held for Pak religious leader

2007-07-13 00:00:00

BASTI ABDULLAH, Pakistan, Jul12 (AP): The captured chief cleric of the Red Mosque was allowed to lead funeral prayers for his slain brother Thursday, and forecast that the death of the mosque's militant defenders would push Pakistan toward an "Islamic...

Suicide bombing at military post kills 10 soldiers in Algeria

2007-07-13 00:00:00

ALGIERS, July 11 (AP): A suicide bomber blew up a refrigerator truck loaded with explosives at a military encampment outside this capital Wednesday, killing 10 soldiers and wounding 35, a security official said.Al Qaeda in Islamic Maghreb, the region's most...

Israel-Hezbollah war violations still unpunished: HRW

2007-07-13 00:00:00

WASHINGTON, July 12 (AFP): A full year after the Israel- Hezbollah war in Lebanon, violations of the laws of war have gone uninvestigated and unpunished, Human Rights Watch said Wednesday. "Both sides in this conflict violated the laws of war,...

Kosovo PM urges EU to sidestep UN on independence

2007-07-13 00:00:00

BRUSSELS, Jul 12: Kosovo's Prime Minister Agim Ceku has urged the European Union to sidestep the United Nations if the Security Council fails to act on a resolution granting the breakaway Serbian province independence.The Kosovo leader spoke to reporters Wednesday...

S Korea sends first oil shipment to North

2007-07-13 00:00:00

ULSAN, South Korea, July 12 (AFP): A South Korean tanker left for North Korea Thursday to deliver 6,200 tons of heavy fuel oil as part of a nuclear disarmament pact, witnesses said. The vessel Hanchang carried a banner on its...

Ex-PM compares Australia's Howard to Hitler

2007-07-13 00:00:00

SYDNEY, July 12 (AFP): Australian leader John Howard has been compared to Nazi dictator Adolf Hitler by a former prime minister who attacked him as a dangerous nationalist and as anti- Muslim. Howard and Hitler both stressed populism and suspicion...

Libyan court upholds HIV death sentences

2007-07-13 00:00:00

If the Libyan Government fails to grant prerogative of mercy to the five Bulgarian nurses and a Palestinian doctor accused of injecting more than 400 Libyan children with HIV in 1998, they could be heading for the hangmen's noose as...

US ties with Southeast Asia face setback

2007-07-13 00:00:00

WASHINGTON, July 12 (AFP): US ties with Southeast Asia are facing a setback as President George W. Bush cancelled his scheduled first summit with ASEAN leaders and Secretary of State Condoleezza Rice's trip to the region for annual talks seems...

Sri Lanka claims Tamil stronghold

2007-07-13 00:00:00

COLOMBO, Jul 12 (Businessday.co.za): Sri Lanka's military claimed yesterday that it had captured the last Tamil Tiger stronghold in the island's eastern province following months of fighting, as peace broker Norway attempted to revive a tattered truce. The military took...

Four killed in Thai south as Thai PM wraps up visit

2007-07-13 00:00:00

NARATHIWAT, Thailand, July 12 (AFP): Suspected rebels have shot dead four people in Thailand's troubled south as the Thai premier wraps up a two-day visit.Police said they found the body of an unidentified man, who had been shot and set...

Army guards Mexico oil industry after blasts

2007-07-13 00:00:00

MEXICO CITY, Jul 12 (Reuters): Extra soldiers and federal police were deployed to guard Mexico's oil wells and pipelines Wednesday after a rebel group said it caused explosions at fuel pipelines as part of an anti-government campaign.State oil monopoly Pemex,...

news digest

2007-07-13 00:00:00

Muslim group, city officials meet at south Georgia on head scarf debateATLANTA, July 12 (AP): Officials of a south Georgia city where a Muslim woman was prohibited from wearing a traditional head scarf into a courtroom met with members of...

Priorities for insurance sector

2007-07-13 00:00:00

THE insurance sector of a country can be a strong source of resource mobilisation and investment although its main task is hedging its clients from various risk situations. The premiums whether in the life insurance business or from general insurance...

The idea of special economic zones

2007-07-13 00:00:00

Syed Ishtiaque RezaLAST week a group of World Bank high officials were in Dhaka to address top government officials, business leaders and media about the usefulness of the Special Economic Zones (SEZs). Amidst the general discussion on foreign direct investment...

Second fastest growing country in terms of economic growth

2007-07-13 00:00:00

Peter MarshTHE chief executive of Geekay Polymers, an Indian maker of plastic parts, knew he had a problem. Tiny air bubbles had appeared inside some of K. Kannan's injection-moulded components, revealing a fault in the manufacturing process that was already...

Restoring beauty of canals and lakes

2007-07-13 00:00:00

Iqbal MahmudIT is really a good decision of the government to cancel some allotments of plots on Hatirjheel and Begunbari canals. All, particularly the green activists, should extend their allout support to this move of the government, because they are...

Hollow claims about education

2007-07-13 00:00:00

SUCCESSIVE governments in Bangladesh claimed that they followed a path of using education as the means to attaining economic progress. But the claims have proved to be not tenable in the backdrop of the prevailing education systems in the country...

Improving taxicab service

2007-07-13 00:00:00

SUFFERINGS of the city commuters are increasing day by day in absence of real passenger-friendly taxicab service. Innumerable reports were published on the bad condition of this important service in the capital city. But hardly any positive change in the...

Country's telecommunications need wide-ranging reforms

2007-07-13 00:00:00

FE Report Bangladesh needs to end its international gateway monopoly, which makes overseas calls expensive, and strengthen its telecommunications regulator for proper allocation of spectrum frequencies aiming to rejuvenate economic activities.GSM Association, a global trade association of mobile phone operators,...

National Bank launches Balaka Exchange in Singapore

2007-07-13 00:00:00

FE ReportBalaka Exchange Pte Ltd (BEPL), owned by National Bank Limited (NBL), has been inaugurated in Singapore. High Commissioner of Bangladesh in Singapore Munshi Faiz Ahmed and NBL Chairperson Parveen Haque Sikder jointly inaugurated the exchange house.NBL Director Zakaria Taher,...

Bexipharma launches high-tech Glyceryl Trinitrate Spray for heart patients

2007-07-13 00:00:00

FE ReportBeximco Pharmaceuticals Ltd. (BPL), the leading-edge pharmaceutical manufacturer and the largest pharmaceutical exporter of Bangladesh, has recently introduced Nitrosol®, an advanced propellant-driven lifesaving Glyceryl Trinitrate (GTN) spray, in Bangladesh, a company statement said Thursday.GTN is a standard therapy for...

IBBL holds confce of heads of zones, branches

2007-07-13 00:00:00

FE ReportA day-long half-yearly conference of heads of zones and branches under Comilla and Sylhet zones of Islami Bank Bangladesh Limited (IBBL) was held recently at Comilla. IBBL board of directors Vice-Chairman Zainul Abedin inaugurated the conference as the chief...