Bangladesh News

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Dec 14th
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CCDM refuses to increase pool players’ quota PDF Print E-mail
Sunday, 03 February 2008

Staff Correspondent

The Cricket Committee of Dhaka Metropolis on Friday rejected the proposal to increase the number of pool players for a club to four after a lukewarm response from club officials.

The CCDM had earlier allowed a maximum of three players from the 21-member national pool in a club side, which put the fate of many players into uncertainty.

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Moeen’s admission bears significance PDF Print E-mail
Sunday, 03 February 2008

Army Chief Moeen U Ahmed’s statement that they won’t stay longer is politically significant. It contains both an admission that the army is in power and an assurance that the army will not 'stay longer' in power. Ever since the Fakhruddin Ahmed administration assumed office on the wings of a state of emergency, we have maintained that it is an army-backed/controlled government, despite attempts by the civil façade of the administration and a section of civil society to have the people believe otherwise.

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Microsoft bids $44.6 billion to buy Yahoo PDF Print E-mail
Sunday, 03 February 2008

San Francisco, Reuters

Microsoft Corp offered to buy Yahoo Inc for $44.6 billion, in a bold bid to transform two ailing Internet businesses into a worthy competitor for market leader Google Inc.

In what would be the biggest Internet deal since the ill-fated Time Warner-AOL merger,

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Maradona apologises for ‘Hand of God’ PDF Print E-mail
Sunday, 03 February 2008

Agency

Diego Maradona on Thursday issued his first ever apology for his infamous Hand of God goal – and insisted: ‘If I could go back and change history I would.’

The 47-year-old former Argentina ace caved in during an interview with The Sun – nearly 22 years after his handballed effort cheated England out of the 1986 World Cup.

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‘Lack of evidence cleared Bhajji’ PDF Print E-mail
Sunday, 03 February 2008

Agence France-Presse . Adelaide

Indian off-spinner Harbhajan Singh was cleared of racially abusing Australia’s Andrew Symonds due to lack of evidence, rather than any external pressure, appeals commissioner John Hansen said on Wednesday.

Harbhajan was cleared by the New Zealand judge at an International Cricket Council appeal hearing on Tuesday, ending weeks of speculation over whether India would cancel their tour if the suspension stood.

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Garment workers spend full income, but live miserably PDF Print E-mail
Saturday, 02 February 2008

Staff Correspondent

Garments workers, who have migrated to the capital from different rural areas, spend about whole of their monthly income for their livelihood, which is far below the satisfactory level, according to the findings of a study released in Dhaka Wednesday.

The findings of the study, titled ‘impact of internal migration on certain sectors of rural and urban economies: the case of garment workers’ released in a workshop also found lack of proper sanitation system and safe drinking water for the garments workers.

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Tourism to help eradicate poverty PDF Print E-mail
Saturday, 02 February 2008

Agence France-Presse . Madrid

Spain’s king Juan Carlos Wednesday opened the FITUR tourist trade fair, one of the world’s largest, with a plea to thousands of industry professionals to use tourism to help eradicate poverty.

‘Tourism is a driver of understanding between peoples. It is an effective instrument with which to eradicate poverty and to improve the legitimate aspirations and well-being of citizens,’ he said in an inaugural speech.

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Conditional Aid does more harm than good PDF Print E-mail
Saturday, 02 February 2008
Staff Correspondent

Bangladesh can do without aid and the conditionalities attached to it that actually harm the economy of the country instead of helping it, said speakers on Thursday.

The gross aid is about $1.5 billion, which is 2 per cent of gross domestic product, and if aid repayment of about $700 million is considered, it comes down to 1 per cent of the GDP, said Qazi Kholiquzzaman Ahmad, chairman of the Bangladesh Economic Association.

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Bank lockers safety, insurance guidelines announced PDF Print E-mail
Saturday, 02 February 2008

Staff Correspondent

Bangladesh Bank has asked commercial banks to comply with the safe deposit and insurance guidelines to safeguard valuables kept in strong boxes, or risk losing branch licences.

Insurance has been made mandatory for bank lockers and the insurance guidelines and security features have already been made available to banks.

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DSE halts UCBL share trading PDF Print E-mail
Saturday, 02 February 2008

Staff Correspondent

Stocks rebounded heavily on Thursday after a four-day bear run due to buying spree from investors, cheered by reintroduction of the financial adjustment facility by the SEC with a view to improving liquidity situation at the capital market, said analysts.

The general index of the Dhaka Stock Exchange recorded its second best single-day rise gaining 95.22 points or 3.39 per cent to close at 2907.17.

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2nd South Asian Capital Markets Confce begins in city PDF Print E-mail
Saturday, 02 February 2008

Staff Correspondent

The finance adviser, AB Mirza Azizul Islam, on Thursday said the government would support the moves taken for the development of the stock markets in the South Asian region.

‘I am, as finance adviser, doing to my capacity for the growth of the country’s capital market and assure you that the government will also take necessary steps for the development of the stock markets in this region,’ said Mirza Aziz, as chief guest while inaugurating the Second South Asian Capital Markets Conference 2008 at the Sheraton Hotel in Dhaka.

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Singapore manufacturers cautious in H1 PDF Print E-mail
Saturday, 02 February 2008

Agence France-Presse . Singapore

Singapore manufacturers have turned cautious about business prospects in the first half of this year, a government survey released Thursday said, while the world frets over a projected global economic slowdown.

Ten per cent of companies in the key manufacturing sector expect the general business situation to improve, while eight per cent predict a deterioration, the Economic Development Board said.

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Royal Bengal flight flies on sky PDF Print E-mail
Saturday, 02 February 2008

Our Correspondent

The Royal Bengal Airlines started operation on the domestic routes on Thursday with flying a flight from Zia International Airport in Dhaka to Sylhet Osmani International Airport.

The opening flight of the airlines, owned by Royal Bengal Group, a concern of the Non-Resident Bangladeshis, departed the ZIA at 4:30pm and touched the Sylhet airport at around 5:00pm.

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OPEC unlikely to bow to US for oil output hike PDF Print E-mail
Saturday, 02 February 2008

Agence France-Presse . Vienna

OPEC ministers hinted in Vienna Wednesday that they were unlikely to bow to US pressure for a hike in oil output to further cool crude prices that recently surged to record highs above 100 dollars.

Oil kingpin Saudi Arabia voiced satisfaction at the present levels of crude supply and demand, while other key members of the Organisation of Petroleum Exporting Countries said they did not believe there was a need to change output.

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10,000 workers on strike in Vietnam toy factory PDF Print E-mail
Saturday, 02 February 2008

Agence France-Presse . Hanoi

Nearly 10,000 workers went on strike at a Hong Kong-owned Vietnam toy factory, the latest in a rash of labour disputes amid double-digit inflation ahead of the Tet lunar New Year, state media said.

The workers at the Keyhinge Toy plant in the central city of Danang walked off the job Wednesday, demanding higher bonuses and longer holidays for Tet, the country’s most important festival next week, one of the workers told AFP.

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Eight members oppose EU plan to split up energy giants PDF Print E-mail
Saturday, 02 February 2008

Agence France-Presse . Brussels

Ministers from eight European nations, led by France and Germany, have written to the European Commission criticising its plans to force energy giants to split in two and offering an alternative.

The letter, received by EU Energy Commissioner Andris Piebalgs on Thursday, speaks of ‘several crucial doubts ... concerning the legality, opportunity, proportionality and efficiency,’ of the European Commission’s plans.

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Housing slump puts brake on US economic growth PDF Print E-mail
Saturday, 02 February 2008

Agence France-Presse . Washington

US economic growth slowed dramatically during the last three months of 2007 to a 0.6 per cent annual crawl amid a worsening housing slump, a government report showed Wednesday.

The Commerce Department survey revealed that fourth-quarter growth in the world’s biggest economy was much weaker than economists’ expectations of a 1.2 per cent pace.

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United efforts stressed to stop violence against women PDF Print E-mail
Saturday, 02 February 2008

Staff Correspondent

Human rights activists and development experts at a workshop in Dhaka on Thursday called for united efforts to curb violence against women.

Journalists along with judges, lawyers and civil society members should also play an active role in raising awareness among the bodies concerned, they told the workshop on poverty reduction strategy paper and violence against women.

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‘Nutrition literacy needed to break malnutrition cycle’ PDF Print E-mail
Saturday, 02 February 2008

Staff Correspondent

Knowledge of food ingredients and nutrition is very little among many educated people and even doctors in the country, nutrition experts said at a seminar in Dhaka on Thursday.

Children of many educated and affluent families also suffer from malnutrition due to the lack of knowledge, they said.

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Rehab of slum dwellers before eviction demanded PDF Print E-mail
Saturday, 02 February 2008

Staff Correspondent

Coalition for the Urban Poor at a workshop on Thursday demanded that the government should rehabilitate the slum dwellers before the eviction and allot khas land to the urban poor in phases.

CUP organised the workshop at its central office to put forward the recommendations made in a series of workshops that were held at its eight zones in the city last year.

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Slum demolished in Khulna PDF Print E-mail
Saturday, 02 February 2008

OurCorrespondent

The Bangladesh Railway, Khulna on Thursday evicted about 100 families from a slum on its land in the city on Thursday.

The dwellers of the slum in Station Road area near the Power House intersection, who are mostly sweepers and labourers, alleged that the railway authorities had evicted them without any notice.

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