Bangladesh News

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May 25th
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Govt to move int'l court to realise repair cost PDF Print E-mail
Friday, 29 February 2008

CRACKS IN JAMUNA BRIDGE

Staff Correspondent

The government will move the international court for realising the cost of repairing the cracks that have developed in the Jamuna Multipurpose Bridge from the Hyundai Corporation if faulty design is found to be responsible for the cracks, said the communications adviser.

The government on Tuesday selected a Hong Kong-based consulting firm, Angel Lazaro & Associates, to identify the causes for the cracks that have developed since the construction of the bridge.

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Half of world to live in cities by end '08: UN PDF Print E-mail
Friday, 29 February 2008

Reuters, United Nations

By the end of the year half of the world's population will be living in cities for the first time in history, the United Nations said in a report released on Tuesday.

According to the report, by the year 2050 there will be 6.4 billion people living in cities, up from 3.3 billion now. The world's total population is expected to rise to 9.2 billion in 2050 from the current 6.7 billion.

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DCC mayor quizzed PDF Print E-mail
Friday, 29 February 2008

UNB, Dhaka

The Dhaka City Corporation mayor, Sadeque Hossain Khoka, one of the corrupt suspects who submitted his wealth statement at the directive of the Anti-Corruption Commission, was Wednesday questioned by an inquiry officer regarding the statement.

A team, led by inquiry officer Samsul Alam, went to Nagar Bhaban at 12:30pm where they questioned the mayor for an hour about the wealth statement.

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3.9 lakh tonnes fuel import from UAE okayed PDF Print E-mail
Friday, 29 February 2008

Staff Correspondent

The council of advisers' committee on purchase on Wednesday approved the import of 3.9 lakh tonnes of fuel oils from the United Arab Emirates under an unsolicited state-to-state agreement.

The committee, headed by the finance adviser, Mirza Azizul Islam, approved the Energy Division proposal for the import 3.3 lakh tonnes of diesel, and 20,000 tonnes each of kerosene, jet fuel and octane from the Emirates General Petroleum Corporation, known as Emarat, owned by the federal Emirates government.

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Indian missile test to trigger arms race: Pakistan PDF Print E-mail
Friday, 29 February 2008

Agence France-Presse . Karachi

Pakistan's military chief on Wednesday said that a test by India of a sea-based nuclear-capable missile would start a new arms race between the South Asian arch rivals, state media reported.

India conducted its first test of a nuclear-capable missile from an undersea platform on Tuesday, completing its goal of having air, land and sea ballistic systems.

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Israeli attack on Palestinians worries Dhaka PDF Print E-mail
Friday, 29 February 2008

UNB, Dhaka

The foreign adviser, Iftekhar Ahmed Chowdhury, has expressed concern over the deadly attack by Israel on the Palestinians in Gaza that left nearly half a dozen dead.

The adviser, who is now in Japan on an official visit, was speaking to the media in Tokyo on Wednesday.

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Tension mounts as police kill protester in Nepal PDF Print E-mail
Friday, 29 February 2008

Reuters, Kathmandu

The police shot dead another protester in southern Nepal on Wednesday as violence continued in the region crippled by weeks of general strike, an official said.

The police fired at scores of protesters defying a curfew in the industrial town of Duhabi, district officials said.

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Twenty six dead as ferry sinks in Buriganga PDF Print E-mail
Friday, 29 February 2008

Staff Correspondent

At least 26 passengers including women and children died after a launch bound for Munshiganj sank in the river Buriganga Thursday, police said.

Rescuers of the Fire Service and Civil Defence

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EU fines Microsoft $1.35b PDF Print E-mail
Friday, 29 February 2008

Reuters . Brussels

The European Commission fined Microsoft a record 899 million euros ($1.35b) on Wednesday for defying sanctions imposed on the software giant for antitrust violations, far exceeding the original penalty.

The commission, executive arm of the European Union, has now fined Microsoft 1.68 billion euros for its original violation and for failing to comply with sanctions, more than any other firm.

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US trade show opens in capital PDF Print E-mail
Friday, 29 February 2008

Staff Correspondent

The reforms being carried out by the interim government will have far-reaching impacts on the country's governance although common people may not understand their significance at the moment, said Mahbub Jamil, special assistant to the chief adviser, on Wednesday.

Jamil, who is in charge of industries, civil aviation and tourism and youth and sports, also said that major reforms such as separation of the judiciary would yield positive results in the long run.

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CapitaLand to set up Vietnam fund PDF Print E-mail
Friday, 29 February 2008

Agence France-Presse . Singapore

Southeast Asia's largest property developer, CapitaLand, said Wednesday it is setting up a 300 million US dollars fund to invest in real estate projects in Vietnam.

CapitaLand said it will take a 30 per cent sponsor stake in the fund and has signed a memorandum of understanding with Citi Private Bank, which serves high net worth individuals.

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Weeklong agri technology fair begins in Comilla PDF Print E-mail
Friday, 29 February 2008

UNB, Comilla

A weeklong agriculture technology fair began on the Comilla district Town Hall premises on Tuesday.

Agriculture adviser CS Karim inaugurated the fair, organised by the Department of Agriculture Extension, Comilla, as chief guest.

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IT industry in India clamors for tax sops to ease pain PDF Print E-mail
Friday, 29 February 2008

Agence France-Presse . Bangalore

India's flagship information technology industry is seeking a dose of government benevolence in the federal budget Friday as it grapples with multiple uncertainties.

The industry wants the government to prolong a 10-year income tax waiver on the exports of software makers and outsourcing firms, and ease service and fringe-benefit taxes, said the country's top technology grouping Nasscom.

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EU to provide Bangladesh with 80m euros PDF Print E-mail
Friday, 29 February 2008

Staff Correspondent

The European Union will provide Bangladesh with some 80 million euros as trade related technical assistance to support capacity developments of Bangladeshi industries especially the export oriented manufacturing sector, a top EU diplomat said Wednesday.

'Bangladesh in the period 2007-2013 will receive close to 80 million euros in trade related assistance,' said Stefan Frowein, ambassador of the delegation of the European Commission in Bangladesh.

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Air Asia upbeat after profits PDF Print E-mail
Friday, 29 February 2008

Agence France-Presse . Kuala Lumpur

AirAsia, Asia's largest low-cost carrier, said Wednesday the outlook for 2008 was bright despite volatile oil prices after posting a 73 per cent profits surge in the quarter ending December 2007.

Tony Fernandes, group chief executive officer, said passenger volume was expected to grow by 20 per cent in 2008 on the back of lower operating costs with the introduction of new efficient Airbus A320 aircraft.

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$788 fee fixed for Korea-bound workers PDF Print E-mail
Friday, 29 February 2008

UNB, Dhaka

The government has fixed $788 as total sending fee for the Bangladeshi workers who will go to South Korea for work under the newly introduced Employment Permit System.

Sources said the Expatriate Welfare and Overseas Employment Ministry with the consent of the South Korean Labour Ministry has fixed the fee.

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Seoul's tourism deficit hits record $10b PDF Print E-mail
Friday, 29 February 2008

Asia News Network . Seoul

South Korea's tourism deficit hit a record high of $10.1 billion in 2007, as spending by Koreans traveling overseas exceeded the expenditure of foreigners who visited the nation last year, industry data showed Tuesday.

According to the data from the Korea Tourism Organisation, spending by Korean travelers overseas amounted to $15.8 billion, whereas foreign visitors here spent a total of $5.7 billion.

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China raises inflation target to 4.8pc PDF Print E-mail
Friday, 29 February 2008

Agence France-Presse . Beijing

China has raised its inflation target for 2008 to 4.8 per cent due to steeper-than-expected price rises last year and the impact of the worst winter in 50 years, state media said Wednesday.

The government had aimed to control inflation this year at the 2007 level and in December set the target at 4.6 per cent, equivalent to the figure for the first 11 months of the year, the 21st Century Business Herald reported.

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Malaysia growth beats forecast PDF Print E-mail
Friday, 29 February 2008

Agence France-Presse . Kuala Lumpur

Malaysia's economy beat expectations to grow by 6.3 per cent in 2007, fuelled by robust domestic demand while the outlook for the current year remained favourable, the central bank said Wednesday.

It said the 2008 outlook was despite a possible slowdown in global growth as 'expanding domestic demand will continue to provide strong support for the economy.'

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Taiwanese economy shows healthy signs PDF Print E-mail
Friday, 29 February 2008

Agence France-Presse . Taipei

Taiwan's top official economic planning body said Wednesday updated indicators measuring the domestic economy showed the island's economy was moving on a steady track.

The index of leading indicators for January rose a seasonally adjusted 0.1 per cent to 150.9 points from December, when it recorded a revised 0.5 per cent month-on-month decline, said the Council for Economic Planning and Development.

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US producer prices surge on rising food, energy costs PDF Print E-mail
Friday, 29 February 2008

Agence France-Presse . Washington

US inflation at the wholesale level surged a stronger-than-expected 1.0 per cent in January due to rising food and energy prices, a government report showed Tuesday.

The rebound in the producer price index burst the expectations of most economists who had only predicted a 0.4 per cent gain in headline inflation.

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