Bangladesh News

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Dec 18th
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Inflation douses talk of India's early polls, for now PDF Print E-mail
Saturday, 05 April 2008

REUTERS, NEW DELHI –India's food bills are soaring and the economy is slowing as high interest rates bite, threatening to derail an election strategy the ruling coalition hopes will return it to power before May next year.

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Nearly half of Pakistanis "food insecure" – WFP PDF Print E-mail
Saturday, 05 April 2008

REUTERS, ISLAMABAD - Nearly half of Pakistan's 160 million people are at risk of going short of food due to a surge in prices, the World Food Programme said on Friday.

The WFP survey covering the year to March showed the number of people deemed "food insecure" had risen 28 percent to 77 million from 60 million in the previous year.

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De Villiers double leads South African run-fest PDF Print E-mail
Saturday, 05 April 2008

India v South Africa, 2nd Test, Ahmedabad, 2nd day

Cricinfo.com

If an Indian team with ambitions to world dominance found the opening day at the Sardar Patel Stadium humiliating, day two was soul-destroying, with a classy AB de Villiers double-century and a dogged Jacques Kallis hundred underpinning a relentless South African charge to victory. By the time the rain came down to wash away Indian tears,

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DCs start conference in Dhaka Saturday PDF Print E-mail
Saturday, 05 April 2008

Staff Correspondent

The food crisis, soaring prices of daily commodities and law and order are expected to top the agenda of a four-day conference of deputy commissioners beginning Saturday, said a senior official with the Cabinet Division Friday.

Many of the issues tied to the professional needs of the district administrators are also expected to come up at the conference, the official said on condition of anonymity.

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Biman to resume NY flights after 2 years PDF Print E-mail
Saturday, 05 April 2008

Agency

Biman Bangladesh Airlines is set to resume its flights to New York in October after a break of about two years, said a special assistant to the chief adviser Friday.

For the new arrangement, Biman is trying to take a Boeing-777 on lease from Boeing Company. "If Biman fails to resume its New York flights by Oct 25 the Federal Aviation Authority will cancel the route permit for the national carrier," Mahbub Jamil, the CA's special assistant in charge of the civil aviation ministry, told bdnews24.com.

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Govt to fill up vacant posts of school headmasters PDF Print E-mail
Saturday, 05 April 2008

The government has decided to fill up the posts of headmaster in private secondary and under secondary schools which remained vacant for a long time, reports agency.

The authorities, in a circular, issued here today said the government has taken the decision to recruit the headmasters for different schools considering the importance of the post at an institution.

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Gas, power crises loom large PDF Print E-mail
Saturday, 05 April 2008

Government authorities urged the people to maintain austerity in consuming electricity and gas in view of the prevailing crises, failing which the situation could aggravate further, reports UNB.

Chief Advisor''s Special Assistant for Power and Energy Dr. M Tamim made the request at a press briefing held at Power Ministry Thursday. Power Secretary M Fouzul Kabir Khan and Energy Secretary M Mohsin were also present.

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AL, BNP to talk release of 2 ex-PMs, price-hike PDF Print E-mail
Saturday, 05 April 2008

Dialogue with govt Awami League and BNP Thursday welcomed the government-sponsored dialogue to be held this month, aiming to hold the stalled general election in a free, fair and credible manner.

"We welcome the dialogue, we''re waiting for it as we first raised the demand for it to reach a national consensus," Awami League general secretary Syed Ashraful Islam told UNB.

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ACC won’t oppose Truth Commission PDF Print E-mail
Saturday, 05 April 2008

Anti-Corruption Commis-sion chairman Lt Gen (retd) Hasan Mashhud Chowdhury Thursday said the ACC would have no disagreement if the government wants to form a Truth Commission, but he felt that no one should be given any special privilege, reports UNB.

“We do know what proposals there are. We’ve made a draft of our statements and we’ll send it to the appropriate authority.
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Report on VRS applications of Biman staff soon PDF Print E-mail
Saturday, 05 April 2008

The committee, formed to review the applications of Biman employees who went on retirement under the Voluntary Retirement Scheme (VRS) and now want to get their jobs back, is likely to submit its report within two weeks, reports UNB.

The Civil Aviation and Tourism Ministry formed the three-member committee on January 2 and asked it to submit its report within the next two weeks.

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Iftekhar for world help to tackle food crisis PDF Print E-mail
Saturday, 05 April 2008

Foreign Adviser Dr Iftekhar Ahmed (Wednesday) urged the surplus developed countries to do more to rein in the rising food price, reports UNB.

“In many LDCs where poor households spend nearly 70 percent of their income on food items, a sharp increase in food price has a strong adverse effect on the incidence of poverty and human development,” the Foreign Adviser said.

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IMF approves $217.7m emergency aid PDF Print E-mail
Saturday, 05 April 2008

The Executive Board of the International Monetary Fund (IMF) Wednesday approved SDR 133 million (about $217.7 million) in emergency assistance to Bangladesh to assist the government’s efforts to deal with the impact of severe damage caused by cyclone Sidr that hit the country on November 15 last year, reports UNB.

Cyclone Sidr and two preceding floods resulted in at least 4,400 deaths and disrupted the lives of millions of people in one of the poorest and most vulnerable regions of the country.

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Food price spiral hits Arabs without oil PDF Print E-mail
Saturday, 05 April 2008

REUTERS, BEIRUT - While Gulf Arab oil producers reap windfall earnings, their poorer cousins elsewhere in the Arab world are struggling with soaring energy and food bills.

Inflation has surged in Gulf countries, fuelled partly by lavish spending of record oil and gas revenues. This is also spurring demand for everything from housing to power and water.

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Tibet to reopen to foreign tourists from May 1 PDF Print E-mail
Saturday, 05 April 2008

Reuters, Beijing - Riot-torn Tibet will be reopened to foreign tourists next month after a six-week closure, Chinese official media said, a move expected to revive the hard-hit tourism industry in the impoverished but scenic mountain area.

The Tibet Autonomous Region government will resume giving foreigners permits on May 1, for the first time since March 16, which was two days after deadly riots in the Tibetan capital Lhasa, a media reports said.

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NATO, Russia agree land transit for Afghanistan PDF Print E-mail
Saturday, 05 April 2008

REUTERS, BUCHAREST - Russia agreed on Friday to allow NATO to use Russian land to deliver non-lethal supplies to alliance troops in Afghanistan, but not troops or air transit arrangements as initially sought by NATO.

The deal was showcased at a summit between alliance leaders and Russian President Vladimir Putin in Bucharest as evidence of cooperation between the former Cold War foes, even though it fell short of NATO hopes.

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WB calls for ‘New Deal’ to fight hunger PDF Print E-mail
Saturday, 05 April 2008

The World Bank on Wednesday called on the international community to mount a wide- ranging fight against hunger as skyrocketing food prices critically threaten the world’s poor, reports AFP.

“We need a New Deal for Global Food Policy,” World Bank president Robert Zoellick said in a speech to a Washington think tank ahead of next week’s spring meetings of the World Bank and the International Monetary Fund (IMF).

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India, China new poles of growth: WB PDF Print E-mail
Saturday, 05 April 2008

Calling the rising economies of China, India and Brazil “the new stakeholders” in globalisation, the World Bank has pledged to come to their aid “if the credit storm and liquidity drought sweeps their way”, report agencies.

“The rising economies of China, India, Brazil, and others have strengthened and rebalanced the international economy, providing new poles of growth,” World Bank President Robert B Zoellick said here Wednesday.

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Egypt shrugs off slowdown but faces inflation risk PDF Print E-mail
Saturday, 05 April 2008

At Cairo’s largest shopping mall, Egyptians watch films from La-Z-Boy reclining chairs, shop for Escada handbags and sip coffees at Starbucks, report Reuters.

Betting this is just the beginning of a spending boom, Gulf Arab and European companies are pouring money into the most populous Arab country, despite a global credit crisis and a slowdown in Europe, its main export market.

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Bear Stearns still hot topic PDF Print E-mail
Saturday, 05 April 2008

The US Congress steps up scrutiny of the government role in the rescue of Bear Stearns, even as Fed chairman Ben Bernanke argued the central bank “did not bail out” the Wall Street investment giant, reports AFP.

A Senate hearing will seek details of the deal engineered by the Federal Reserve and US Treasury to save one of the largest US investment banks from collapse with a central bank guarantee of 29 billion dollars.

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WB for sovereign funds’ investment in Africa PDF Print E-mail
Saturday, 05 April 2008

The World Bank wants to convince state-sponsored sovereign wealth funds to invest one percent of their estimated three trillion dollars in assets in Africa, its president said yesterday, reports AFP .

“If the World Bank Group can create the equity investment platforms and benchmarks to attract these investors, the allocation of even one percent of their assets would draw 30 billion dolars to African growth, development, and opportunity,” Zoellick said in remarks prepared for delivery at a Washington think tank.

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Thailand okays $688m in eco car investments PDF Print E-mail
Saturday, 05 April 2008

Thailand has approved three projects by leading automakers to build “eco-cars” in the kingdom, in deals worth a total 21.69 billion baht (688.57 million dollars), the Board of Investment said Thursday, reports Reuters.

The deals announced in a statement by the Board will see Mitsubishi, Toyota and Tata Motors begin producing cars that meet the most stringent European emission standards and run on fuel with a 20 percent ethanol component.

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