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Book fair draws huge crowd PDF Print E-mail
Monday, 04 February 2008

Staff Correspondent

The Ekushey book fair drew a large crowd with many of the city dwellers visiting the fair taking advantage of the weekly holiday on Saturday, the second day of the month-long annual event on the Bangla Academy premises.

Although many of the visitors only browsed through books instead of buying,

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Shanties, office equipment burnt in city fires PDF Print E-mail
Monday, 04 February 2008

Staff Correspondent

Two devastating fires burnt over 300 shanties and office equipment and valuables at a Gendaria slum and in the office of a recruiting agency at Naya Paltan in Dhaka Saturday.

The shanties were burnt in the fire at the Railway Station Slum in the early hours while the office materials were burnt in the agency office at noon.

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Election official held with heroin PDF Print E-mail
Monday, 04 February 2008

Our Correspondent

The Rapid Action Battalion arrested an upazila election officer of Naogoan and two others with about one pound of heroin Friday night.

The arrested are Nasir Uddin, 44, election officer of Porsha upazila, Kutub Uddin, 48, of Bishnupur, and Mahbur, 30, of Kamashpur under Sapahar upazila in Noagoan.

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HRW observation on US, EC PDF Print E-mail
Monday, 04 February 2008

That Human Rights Watch(HRW), an international human rights organisation, has come down hard on the United States(US) and influential European countries for tolerating autocrats and autocratic regimes that pose as democratic ones, encourages us all. ‘By allowing autocrats to pose as democrats, without demanding they uphold the civil and political rights that make democracy meaningful, the United States, the European Union and other influential democracies risk undermining human rights world wide,’ the rights watchdog warned in a statement on releasing its World Report 2008.

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Price of broiler falls; edible oil, fishes go up PDF Print E-mail
Sunday, 03 February 2008

Staff Correspondent

The prices of broiler chicken declined significantly while that of fishes and edible oil increased in the city markets in the past week.

Traders said chicken were getting cheaper as fresh outbreaks of bird flu across the country were making consumers panicky reducing consumption of chickens.

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SAFE index in the offing PDF Print E-mail
Sunday, 03 February 2008

Staff Correspondent

The South Asian Federation of Exchanges will launch SAFE regional index within three to four months.

The index would be listed and traded at all member exchanges and Dow Jones is actively cooperating with SAFE in this regard, said Ahmad Rashid Lali, senior vice president of Dhaka Stock Exchange at the concluding ceremony of the two-day second South Asian capital markets conference on Friday.

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Cambodian garment exports plummet 46pc PDF Print E-mail
Sunday, 03 February 2008

Agence France-Presse .

Phnom Pen Cambodian garment exports plummeted 46 per cent in the fourth quarter of 2007, capping off a dismal year in one of the impoverished country’s key sectors, industry officials say, warning of future factory closures and job cuts.

An economic downturn in the United States, which buys 70 per cent of all Cambodian textiles, and continuing domestic labour disputes contributed to the plunge, said Van Sou Ieng, chairman of the Garment Manufacturers’ Association of Cambodia.

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Thai inflation rises to 4.3pc PDF Print E-mail
Sunday, 03 February 2008

Agence France-Presse . Bankok

Thailand’s inflation rate jumped to an 18-month high of 4.3 per cent year-on-year in January due to soaring energy costs and rising food prices, the Commerce Ministry said Friday.

The figure was far higher than the market’s forecast of 3.8 per cent and marked a sharp rise from December’s inflation rate of 3.2 per cent.

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Jahangir Alam Khan elected UCBL chairman PDF Print E-mail
Sunday, 03 February 2008

Agency

Md Jahangir Alam Khan was elected chairman of the board of directors of United Commercial Bank Ltd in an emergency board meeting held in the Dhaka city on Wednesday, said a press release.

Jahangir Alam is chairman and managing director of JK Group of Industries.

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Sípore, GCC conclude FTA talks PDF Print E-mail
Sunday, 03 February 2008

Agence France-Presse . Singapore

Singapore and the Gulf Cooperation Council have substantially concluded negotiations for a free trade agreement, the two sides said in a joint statement Thursday.

They said the final round of negotiations ended Thursday and was the last of four rounds that began in January 2007. The agreement is the first free trade agreement concluded by the GCC countries outside the Middle East, it said.

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Kuwait, UAE follow Fed with rate cut PDF Print E-mail
Sunday, 03 February 2008

Agence France-Presse . Kuwait City

The Gulf states of Kuwait and United Arab Emirates on Thursday followed the United States and cut key lending rates by 50 basis points, moves which stoked fears of higher inflation.

The central bank in the UAE, which has the second largest economy in the oil-rich Gulf region, lowered its repurchase rate to three per cent from 3.5 per cent effective Thursday.

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Farmers clog Mexico City to protest at lifting of corn tariff PDF Print E-mail
Sunday, 03 February 2008

Agence France-Presse . Mexico City

Tens of thousands of farmers on foot and on lumbering tractors clogged Mexico City Thursday to protest at the lifting of corn tariffs under a free trade agreement, which they say is hurting their pockets.

‘No corn, no country’ was the byword of the protest plastered in signs on tractors and buses, as the angry farmers, some of them leading herds of cattle through the streets, demanded equal treatment with farmers in the United States and Canada.

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WTO trade talks on last lap: Lamy PDF Print E-mail
Sunday, 03 February 2008

Agence France-Presse . Geneva

Global trade talks are on their ‘last lap’ but sticking points on agriculture and industrial goods must be solved by March for there to be a deal by year’s end, the head of the World Trade Organisation said Thursday.

‘The political conditions for reaching a deal on the modalities have never been better,’ WTO director general Pascal Lamy told a meeting of the Trade Negotiating Committee in Geneva.

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S Korea court fines US fundLone Star, jails executive PDF Print E-mail
Sunday, 03 February 2008

Agence France-Press . Seoul

A South Korean court on Friday convicted US buyout fund Lone Star of rigging shares following its takeover of a local bank, imposing fines totalling 53 million dollars and jailing an executive.

The Seoul Central District Court found the Dallas-based fund and Paul Yoo, head of its Korean unit, guilty of stock manipulation following the takeover of the Korea Exchange Bank in 2003.

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World airline industry faces tough í08: IATA PDF Print E-mail
Sunday, 03 February 2008

Agence France-Presse . Geneva

Global air traffic which sparkled last year is set to slow in 2008 amid rising prices and economic uncertainty after a sharp decline in December, the International Air Transport Association said on Thursday.

December passenger traffic demand rose by 6.7 per cent, down from 9.3 per cent in November, IATA said in a statement. ‘The slower growth for passenger demand in December sets the trend for the coming months,’ IATA chief executive officer Giovanni Bisignani said.

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OPEC freezes oil output PDF Print E-mail
Sunday, 03 February 2008

Agence France-Presse . Vienna

OPEC left unchanged its oil production ceiling on Friday, snubbing US demands for an increase as the cartel focuses on supporting prices which have fallen 10 per cent since the start of the year.

Explaining its decision, the Organisation of Petroleum Exporting Countries said that stockpiles of crude were likely to increase in the first half of 2008.

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Man arrested with links to Tagore medal theft PDF Print E-mail
Sunday, 03 February 2008

Staff Correspondent

Police have arrested an accomplice of Indian national Jibon Singh, one of the accused in a case that involves the theft of Rabindranath Tagore's Nobel medal, a CID officer said Saturday.

The police have been interrogating Shiplu with alleged links to the theft. Additional superintendent of police (CID) Md Abdullah Arif said that Shiplu was arrested in a raid on a house in Lalbagh Thursday night.

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Former top judge stresses humane values for police PDF Print E-mail
Sunday, 03 February 2008

Staff Correspondent

Justice Syed JR Mudassir Hossain Saturday said the police must provide services for people, inspired by humane values. "If all spheres of society are not reformed, only reform to the police will not succeed," the former chief justice said.

Speaking as chief guest at a seminar Saturday, he said: "If reform is brought to the police and other sections of society do not see much progress, reform will be an ill-reform."

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Bangladesh scopes out shared internet link with Myanmar PDF Print E-mail
Sunday, 03 February 2008

Staff Correspondent

Bangladesh looks to set up a shared connection through Myanmar with another submarine cable, in an alternative move to stay wired with the rest of the world via the internet.

Bangladesh will send a proposal to Myanmar government this week to ensure the substitute communication channel, acting post and telecommunication secretary Iqbal Mahmud said Friday.

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Line repair to cut gas supply to parts of Dhaka PDF Print E-mail
Sunday, 03 February 2008

Staff Correspondent

The repair of a distribution line will disrupt gas supply to parts of the capital and some nearby areas from Saturday midnight through to Monday midnight, an official said Saturday.

The disruption will also hamper production of power in Meghnaghat and Haripur power plants during the 48-hour shutdown, said Titas Gas public relations director Munir Hossain Khan.

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Cabinet members meet in Rangpur PDF Print E-mail
Sunday, 03 February 2008

Our Correspondent

The council of advisers met in Rangpur Saturday to discuss ongoing food shortages in the northern part of the country. Chief adviser Fakhruddin Ahmed chaired the two-and-a-half hour meeting at Rangpur Circuit House.

bdnews24.com's Rangpur correspondent said security measures had been beefed up ahead of the meeting, with special patrols on the roads and law enforcers posted on the roofs of key buildings.

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