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Oct 19th
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Chief adviser calls for faster ECNEC approves 12 projects of Tk 2,524cr PDF Print E-mail
Monday, 03 March 2008

UNB, Dhaka

The chief adviser, Fakhruddin Ahmed, on Saturday asked the officials concerned to take measures for quick implementation of development projects.

‘Be attentive to quick implementation of Annual Development Programme,’ the planning secretary, Zafar Ahmed Chowdhury, quoted the chief adviser as saying, after an ECNEC meeting at the NEC conference room.

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India, Pakistan should focus on trade ties: Zardari PDF Print E-mail
Monday, 03 March 2008

Press Trust of India . Islamabad

India and Pakistan could set aside the Kashmir issue to be resolved by a future generation while they focus on trade and economic ties to improve bilateral relations, PPP co-chairman Asif Ali Zardari has said on Saturday.

Dismissing the belief in some sections in India that the Kashmir issue could best be sorted out while the army is in power in Pakistan, Zardari, whose Pakistan People’s Party is set to form the new government, said people-to- people contacts and inter-dependence in trade could help negate the ‘fear factor’ in both countries.

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Chhatra League, Chhatra Dal clash leaves 10 hurt PDF Print E-mail
Monday, 03 March 2008

Staff Correspondent

At least ten, including the provost, were injured in a clash between the Awami League student wing Chahhtra League and the BNP student front Chhatra Dal at the Sergeant Zahurul Haque Hall playground at Dhaka University on Saturday.

The clash resulted from a quarrel between the leaders and activists of the rival student fronts over a football match between the hall and central units of Jatiyatabadi Chhatra Dal.

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Jute mill workers continue with protests PDF Print E-mail
Monday, 03 March 2008

Our Correspondent

The daily-basis labourers of state-owned Jessore Jute Industries Ltd and the Carpeting Jute Mills Ltd at Nawapara in Jessore continued their strike for the eighth consecutive day on Saturday to push for their five-point demands.

The labourers on Saturday also held rallies in front of the mill gates where Azgar Ali, Shamsher Alam, Babu Mallik and Rabiul Islam spoke.

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Israeli attack on Gaza PDF Print E-mail
Monday, 03 March 2008

UNB, Dhaka

The foreign affairs adviser, Iftekhar Ahmed Chowdhury, on Saturday expressed deep concern over Israeli raids on the Gaza strip that reportedly killed over 20 people.

He said the attack was ‘most regrettable’ and could have ‘extremely destabilizing effects on the region.’

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CU teacher accused of tempering with tutorial results PDF Print E-mail
Monday, 03 March 2008

Staff Reporter

Six Chittagong University teachers have accused the anthropology department chair of tampering with the result sheet of a tutorial test.

They lodged a complaint with the university registrar on Thursday accusing Farid Uddin, the department chair, of changing the result sheet of Course 405 tutorial of fourth-year bachelor’s students.

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Butenis in Dhaka PDF Print E-mail
Monday, 03 March 2008

Staff Correspondent

Former US ambassador to Bangladesh Patricia Butenis, now stationed in Baghdad, arrived in Dhaka on a ‘private visit’ on Saturday, an official of the US embassy said.

‘She is strictly on a private visit, not on any special assignment,’ a US embassy spokesperson in Dhaka said.

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School students form human chain in Khulna PDF Print E-mail
Monday, 03 March 2008

Our Correspondent

Around 200 students of Peoples Jute Mills School of Khalishpur industrial belt in Khulna again formed a human chain at Natun Rasta Mor on Saturday to prevent the mill authorities from closing down the school.

The students, who stood hand in hand for an hour from 10:00 am, urged the authorities not to end their academic life through abrupt closure of the school.

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‘Interpol tries to get a Bangladeshi police officer’ PDF Print E-mail
Monday, 03 March 2008

UNB, Dhaka

The Interpol secretary-general, Donald K Noble, on Saturday said the Paris-based international policing organisation would work hard to have a Bangladeshi police officer as a candidate or attached with the Interpol.

‘We decided-the Inspector General and I decided in the first time of the history that Interpol will work hard to try and get a Bangladeshi police officer as a candidate of Interpol… And I myself committed to raise money for that purpose,’ he told a news conference at Hotel Sonargaon at the end of his tour of Bangladesh, first ever by an Interpol chief executive.

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8.32 lakh people sent abroad in 2007 : Ministry PDF Print E-mail
Monday, 03 March 2008

UNB, Dhaka

The country saw a phenomenal increase in overseas employment during the last year, as some 8.32 lakh workers were sent abroad in 2007 against 3.81 lakh of the previous year.

A spokesman of the ministry of expatriates’ welfare and overseas employment came up with the statistics in a release Saturday following media reports that Bangladeshi manpower market abroad is shrinking.

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Aktel reports Tk 73.7cr loss PDF Print E-mail
Monday, 03 March 2008

Staff Correspondent

Mobile phone operator Aktel has reported a loss of Tk 73.7 crore after tax in 2007 largely due to the compensation paid to the government for its involvement in illegal international call transfer through Voice over Internet Protocol technology.

The Telekom Malaysia International owns 70 per cent of Aktel, the third largest mobile phone operator in the country.

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US to cut food aid due to soaring costs PDF Print E-mail
Monday, 03 March 2008

Agence France-Presse . Washington

The United States will drastically reduce emergency food aid to some of the poorest countries this year because of soaring food prices, The Washington Post reported Saturday.

Citing unnamed officials, the newspaper said the US Agency for International Development was drafting plans to cut down the number of recipient nations and the amount of food provided to them.

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Thailand Exhibition 2008 begins on Mar 5 PDF Print E-mail
Monday, 03 March 2008

Staff correspondent

THE Royal Thai Embassy and the Thai Trade Centre in Dhaka will jointly organise a four-day ‘Thailand Exhibition 2008’ on March 5-8 at Sheraton Hotel in the Dhaka city, a Thai embassy press release said on Saturday.

The press release also said at least 43 companies will feature their 11 categories of products, including chemicals products, construction materials,
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Prime Finance & Investment to offer Tk 20cr MF PDF Print E-mail
Monday, 03 March 2008

Agency

Prime Finance and Investment, a merchant bank, is going to launch its first mutual fund(MF) of Tk 20 crore this year, said a press release.

The ICB Asset Management Company Ltd, manager to the fund, will soon submit a prospectus with the Securities and Exchange Commission to invite public subscription with the consent of the regulatory body.

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Credit crisis throws AIG into ‘uncharted waters’ PDF Print E-mail
Monday, 03 March 2008

Reuters . New York

American International Group, on the heels of reporting its largest-ever loss, said on Friday the subprime crisis had thrown it into ‘uncharted waters’ that were likely to remain choppy through 2008.

The world’s largest insurer recorded a loss of $5.3 billion on Thursday, stemming from a $11.12 billion write-down of a super senior, or highly rated, credit swap portfolio in its AIG Financial Products unit.

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US recession bell rings loud PDF Print E-mail
Monday, 03 March 2008

Reuters . New York

The alarm bells of US recession rang louder on Friday as reports showed business activity in the US Midwest plummeted in February and consumer sentiment slumped to a 16-year low.

More grim news poured in from the inflation front, with government data indicating consumers were struggling in January to keep ahead of robust price growth, which remained uncomfortably high by standards normally associated with the Federal Reserve.

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Opposition to reject Muto as BOJ head PDF Print E-mail
Monday, 03 March 2008

Agence France-Presse . Tokyo

Japan’s largest opposition party is set to reject the government’s plan to nominate deputy Bank of Japan governor Toshiro Muto as a new head of the central bank, reports said Saturday.

A senior official of the Democratic Party of Japan, which controls the upper house with other opposition parties, told reporters that his party is ‘100 per cent’ certain to turn down the government’s planned nomination of Muto, local media said.

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China Minsheng gets green light to buy stake in US bank PDF Print E-mail
Monday, 03 March 2008

Agnece France-Presse . Beijing

The China Minsheng Bank has been given the green light by regulators to buy a stake in UCBH Holdings Inc, in the first strategic investment by a Chinese lender in a US bank, state media reported Saturday.

The State Administration of Foreign Exchange has given the go-ahead for China Minsheng to take a 4.9 per cent stake in the US lender, in a deal worth 95 million US dollars, Xinhua news agency reported, citing a company statement.

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Risks seen for growing Fannie, Freddie PDF Print E-mail
Monday, 03 March 2008

Associated Press . Washington

Loosening the regulatory reins around Fannie Mae and Freddie Mac gives them the freedom to play a bigger role in trying to stabilize a worsening housing market.

The danger, some analysts say, is that the government-sponsored mortgage titans will become saddled with too much financial risk.

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Audits sting US hospitals, Physicians PDF Print E-mail
Monday, 03 March 2008

Associated Press . Washington

In coming weeks, US private audit companies will begin scouring mountains of medical records.

Their mission: Determine if health care providers erred when billing Medicare and require them to return any overpayments to the federal government.

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Indian chefs aim for record with 13-tonne biryani PDF Print E-mail
Monday, 03 March 2008

Agence France-Presse . New Delhi

Sixty Indian chefs on Saturday cooked a rice dish weighing 13-tonne (28,600 pounds) in a bid to enter the Guinness Book of World Records, organisers said.

Three cranes dumped 3,000 kilos of Basmati rice, 85 kilos of chilli peppers, 1,200 litres of oil and 3,650 kilos of vegetables into a giant vat at a New Delhi sports stadium in the presence of a Guinness observer.

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