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BEI seminar for restoration of business confidence PDF Print E-mail
Friday, 01 February 2008
taff Correspondent

Economists and business leaders at a discussion on Wednesday said the government should check the soaring inflation rate and restore business confidence to ensure economic prospect.

The Bangladesh Enterprise Institute organised the discussion on ‘Bangladesh Economy: current issues and prospects in the near future’ in the city.

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Govt urged to look into soaring rod prices PDF Print E-mail
Friday, 01 February 2008

Staff Correspondent

Real Estate and Housing Association of Bangladesh on Wednesday demanded that the government should immediately look into the abnormal increase in MS rod prices in recent times.

REHAB leaders at a news briefing also said they would have no alternative but to raise the apartment prices soon due to sharp increase in prices of building materials particularly this month.

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GOSL re-named aamra Network Ltd PDF Print E-mail
Friday, 01 February 2008

Staff Correspondent

Global Online Services Limited, a corporate IT solution company of Texas Group, has re-branded its name aamra Network Limited.

The IT venture, which also introduced a new logo, organised a daylong programme to celebrate the inauguration of its new brand name at its office at the Faruq Rupayan Tower in the city on Wednesday.

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Coal crunch strikes Asia as prices surge PDF Print E-mail
Friday, 01 February 2008

 Agence France-Presse . Sydney

Floods in Australia, freezing weather in China and transport bottlenecks in Indonesia have helped stoke a sharp rise in the price of coal, putting pressure on Asian consumer industries.

Soaring demand from China and India as their economies steam ahead has also combined to push the cost of the fuel to record highs, analysts say.

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UAE business to set up logistics hub in Philippines PDF Print E-mail
Friday, 01 February 2008

Agence France-Presse . Subic Bay,

Philippines Emirati developer Jafza International and Economic Zones World has signed an accord to develop a logistics hub in the Subic Bay freeport, north of the Philippine capital, it was announced Wednesday.

Under the memorandum, the United Arab Emirates-based Jafza could invest as much as 250 million dollars over the next five years in the international hub, said Armand Arreza, chief executive officer of Subic Bay Metropolitan Authority.

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US economy near stalling without stimulus: IMF PDF Print E-mail
Friday, 01 February 2008

Agence France-Presse . Washington

The US economy could nearly stall this year without a stimulus plan to bolster the Federal Reserve’s interest rate cuts, the International Monetary Fund said Tuesday.

The IMF revised sharply lower its economic growth forecast for the United States, to 1.5 per cent, 0.4 percentage points lower than estimated in October in its twice-yearly World Economic Outlook report.

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Fed rate cuts futile, says Nobel laureate PDF Print E-mail
Friday, 01 February 2008

Agence France-Presse . Vienna

The recent surprise cut in interest rates by the United States Federal Reserve was pointless, Edmund Phelps, who won the Nobel Prize for Economics in 2006, said in a newspaper interview released in Vienna on Tuesday.

‘In the long term, I don’t see any point in the rate cuts by the US central bank,’ Phelps told the Austrian daily Kurier on its website. ‘Lower interest rates will boost inflation and, with it, unemployment.

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Vietnam hikes rates to cool double-digit inflation PDF Print E-mail
Friday, 01 February 2008

Agence France-Presse . Hanoi

Vietnam’s central bank Wednesday said it would raise benchmark interest rates for the first time since December 2005, battling double-digit inflation which has sparked popular anger and labour unrest.

Aiming to cool bank lending, the State Bank of Vietnam will from Friday raise the base rate, used by commercial banks to calculate loans, from 8.25 to 8.75 per cent, said a statement on the bank’s website.

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Interns threaten with strike PDF Print E-mail
Friday, 01 February 2008

TRAINING AT DMC

Staff Correspondent

Intern doctors and honorary medical officers at the Dhaka Medical College Hospital on Wednesday threatened to go for an indefinite-period strike if their demand for getting training opportunity was not accepted within 24 hours.

The ultimatum came from a demonstration of the alumni and present students of Dhaka Medical College, who continued agitation for the third consecutive day to press home their demand.

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National Poetry Festival begins PDF Print E-mail
Friday, 01 February 2008

Staff Correspondent

The two-day 22nd National Poetry Festival begins at Dhaka University. Poet Syed Shamsul Haq will inaugurate the festival on the premises of the DU central library at 10:00am, the organisers told a press conference at the National Press Club in Dhaka on Wednesday.

Some 400 poets from home and abroad will participate in the festival with the slogan ‘the message of poetry, the victory of democracy’, they said.

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DMP crash programme reduces number of pending cases PDF Print E-mail
Friday, 01 February 2008

Staff Correspondent

The DMP crash programme on gearing up case investigation in a division has brought down the number of pending cases significantly.

The success of the division has prompted the Dhaka Metropolitan Police to take the programme in other divisions.

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Dhaka WASA realises Tk 40 lakh from four industries PDF Print E-mail
Friday, 01 February 2008

Our Correspondent

A mobile court of Dhaka WASA realised Tk 40 lakh in fines from four industrial units in Narayanganj on Wednesday for using WASA water by installing deep tube wells illegally.

The court, led by led by magistrate Kazi Wasiuddin, conducted a drive in Goodnail industrial area under Siddirganj and fined the four units for pilfering WASA water.

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Mahatma Gandhi memorial lecture held at DU PDF Print E-mail
Friday, 01 February 2008

Agency

The Dhaka University vice-chancellor, SMA Faiz, said on Wednesday Gandhiji’s mission was to convert every Indian as well as Englishmen to non-violence for regulating political, economic, social relations.

Speaking at the second Mahatma Gandhi Memorial Lecture, organised by the Department of Peace and Conflict Studies of Dhaka University and the Indian high commission, he underscored the need for peace, economics justice, human rights, promotion of non-communal and harmonious cooperation of all the peoples on the earth.

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RCC chief engr confined PDF Print E-mail
Friday, 01 February 2008

Our Correspondent

A section of water department employees of Rajshahi City Corporation and city dwellers on Wednesday confined the RCC chief engineer, demanding functioning of Water Supply and Sewerage Authority in the city.

According to the sources, about 60 employees of RCC along with several hundreds of the city dwellers encircled the Nagar Bhaban and then confined the chief engineer, Sharit Datta Gupta, at his office.

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Internet slows down after cable snapped in Alexandria PDF Print E-mail
Friday, 01 February 2008

Staff Correspondent

The government will allow a second submarine cable in the private sector to maintain uninterrupted overseas voice and data communications and to back up its existing undersea cable, said Manzurul Alam, chairman of the Bangladesh Telecommunications Regulatory Commission.

‘The government won’t bar any private company if it wants to lay a submarine cable to connect the country with another undersea cable,’ he said.

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Formation of jute commission underscored PDF Print E-mail
Friday, 01 February 2008

Staff Correspondent

Leaders of different political parties and trade unions on Wednesday called on the government to constitute a national commission on jute to suggest ways and means to save the jute sector from ruination.

Giving the call at a seminar in the city, the leaders said the existing problems in the jute sector could easily be solved and jute industry revitalised, should the government show its willingness and take initiative for formulation of a timely jute policy.

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