Bangladesh News

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Oct 16th
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Chavez adds Spanish bank to nationalization drive PDF Print E-mail
Saturday, 02 August 2008

REUTERS, CARACAS - Venezuelan President Hugo Chavez has added a large Spanish-owned bank to the list of companies to be run by the government in the oil exporting nation, furthering his plans of building a socialist state.

Chavez said on Thursday he will nationalize Grupo Santander's Banco de Venezuela, his latest buy in an oil-funded shopping spree that has already gobbled up crude projects and a telecoms firm, along with steel and cement plants.
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CA off to Colombo PDF Print E-mail
Saturday, 02 August 2008

Desk Report

Chief adviser Fakhruddin Ahmed left Dhaka Thursday night for Colombo to join the 15th Saarc summit set for Aug 2-3, a government spokesman said.

A Singapore Airlines flight carried the chief adviser and his entourage to the capital of the island nation.

The CA's wife Nina Ahmed is accompanying him.

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UK backs lifting of emergency by degrees PDF Print E-mail
Saturday, 02 August 2008

Visiting minister informs

Staff Correspondent

British minister for local government Hazel Blears said Friday that the UK supports the government's decision to lift the emergency by degrees ahead of the national election to

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Rahul Gandhi arrives in Dhaka PDF Print E-mail
Saturday, 02 August 2008

Rahul Gandhi, Indian member of parliament and general secretary of the ruling Congress party, arrived in Dhaka Friday, said an official of Zia International Airport, report agencies.

Gandhi, son of Congress president Sonia Gandhi and assassinated prime minister Rajiv Gandhi, touched down at around 3.30 pm on a Jet Airways flight, ZIA immigration official Nazir Hossain told bdnews24.com.
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Bhuiyan relates Khaleda's release to BNP unity PDF Print E-mail
Saturday, 02 August 2008

Staff Correspondent

Former BNP secretary general Abdul Mannan Bhuiyan said Friday if Khaleda Zia was released there would be no more division within the party.

On the proposals for party reform that arose last year, the just-released BNP leader said the party council would take a final decision on the matter after the release of the BNP chairperson.
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Maldives to recruit Bangladeshi workers PDF Print E-mail
Saturday, 02 August 2008

Maldives is looking to semi-skilled and skilled Bangladeshi workers for its burgeoning tourism sector, said Maldives foreign minister Abdullah Shahid Friday, reports agency.

Iftekhar Ahmed Chowdhury met with his Maldives counterpart on the sidelines of SAARC's 30th Council of Ministers meeting in Colombo, said a foreign ministry statement.
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Kuwait deports more workers PDF Print E-mail
Saturday, 02 August 2008

Kuwait sent 27 more Bangladeshi workers back home early Friday, Zia International Airport immigration desk told bdnews24.com.

"A Kuwait Airlines fight brought 27 Bangladeshi workers back to Dhaka this morning at 5am," said Mahfuza Begum, immigration officer at ZIA.
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HRC Group boss rearrested PDF Print E-mail
Saturday, 02 August 2008

Staff Correspondent

Police rearrested HRC Group boss Sayeed Hossain Chowdhury at the gate of Dhaka Central Jail on Friday, shortly after he was released on bail, a prisons official said.

"Police arrested him in a separate case shortly after he was released around 2.30pm on bail by the High Court," jailer Faruque Ahmed told bdnews24.com.
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IAEA considers Indian nuclear inspection agreement crucial PDF Print E-mail
Saturday, 02 August 2008

US-India pact

AP, VIENNA, Austria_ An inspection agreement crucial to a landmark nuclear deal between India and the United States came under scrutiny Friday by the International Atomic Energy Agency.

The pact calls for allowing the sale of atomic fuel and technology to India, a country that has not signed international nonproliferation accords and has tested nuclear weapons. It would be a reversal of more than three decades of U.S. policy.
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BNP's Alal released on bail PDF Print E-mail
Saturday, 02 August 2008

Arrest under Emergency Power Rules

Staff Correspondent       

Former BNP lawmaker Moazzem Hossain Alal was released on bail from Dhaka Central Jail Friday morning.

A High Court bench granted bail last week to the former general secretary of Jatiyatabadi Jubo Dal.
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Oil prices jump nearly $3 PDF Print E-mail
Saturday, 02 August 2008

AP, NEW YORK-- Oil prices jumped almost $3 a barrel Friday, erasing losses from the previous session after a rally in gasoline futures and a drop on Wall Street drew investors back into energy markets.

But prices at the pump fell again, with a gallon of regular gas slipping on average just over a penny to $3.898, according to auto club AAA, Oil Price Information Service and Wright Express.
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Dollar up, gold down in Europe PDF Print E-mail
Saturday, 02 August 2008

AP, LONDON -- The U.S. dollar rose Friday against most major currencies in European trading. Gold prices fell.

The 15-nation euro fell to $1.5528, down from $1.5593 late Thursday in New York.

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Multimode marks 25th anniversary PDF Print E-mail
Saturday, 02 August 2008

Multimode Group that boasts businesses in a wide range of sectors, including agriculture, textiles and consumer goods, held its 25th founding anniversary on Thursday, reports bdnews24.com.

"The company believes in working towards the country's progress," said Multimode founder and CEO Abdul Awal Mintoo, speaking at the company's Corporate Night at Radisson Water Garden Hotel.
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PDP gets executive committee PDF Print E-mail
Saturday, 02 August 2008

Staff Correspondent

The Progressive Democratic Party Friday announced a 251-member national executive committee, according to a published list.

The committee is headed by party chairman Ferdous Ahmed Quarishi, and includes a 17-member central council of advisers.
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Explosive Sehwag gives India flying start PDF Print E-mail
Friday, 01 August 2008

REUTERS, GALLE, Sri Lanka - Opener Virender Sehwag scored an aggressive 91 to help India to 151 without loss on the first day of the second test against Sri Lanka on Thursday.

Sehwag's explosive innings, which came from 82 balls and included 14 fours and a six, was supported by Gautam Gambhir, who reached lunch on 50 not out.

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India, Pakistan to hold talks on summit sidelines PDF Print E-mail
Friday, 01 August 2008

REUTERS, COLOMBO - The foreign ministers of India and Pakistan will meet on the sidelines of a South Asian summit on Thursday amid an escalation in border skirmishes and bomb attacks on Indian cities that threaten a sluggish peace process.

Foreign ministers of eight South Asian countries are meeting in Colombo to set the stage for an Aug. 2-3 summit of their leaders that will discuss,

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India hopes WTO talks will resume, but is unwaivering PDF Print E-mail
Friday, 01 August 2008

REUTERS, NEW DELHI - India said on Thursday it was hopeful world trade talks would resume after discussions collapsed this week, but one official said it could be the middle of next year before that happened.

And no new suggestions were offered as to how the long-running Doha development round could be revived.

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Mutual fund firms face post-boom profit crunch PDF Print E-mail
Friday, 01 August 2008

MUMBAI/HONG KONG (Reuters) - India's fund management industry, in boom mode for the better part of the decade, is facing a major slump in profitability as investment flows shrink, competition mounts and operating costs stay stubbornly high.

The downturn, triggered by a near one-third plunge in Indian stocks this year, will be particularly painful for smaller firms which have already been suffering losses and global fund houses who recently paid top dollar to enter what was viewed as a high growth market.

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Green Street jewellers bring Bollywood to London PDF Print E-mail
Friday, 01 August 2008

Reuters, London- Green Street, a slice of India in one of the most depressed areas of London, is branding itself as the up-and-coming jewellery quarter for shoppers who love South Asian style.

A long avenue where sari shops mingle with curry houses, Bollywood DVD outlets and the aroma of freshly cooked Indian food, its jewellers offer necklaces and bangles of deep yellow 22-carat gold and diamonds, as well as cheaper designer and costume jewels, for weddings and parties.
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Champions League to go ahead despite ICC objections PDF Print E-mail
Friday, 01 August 2008

REUTERS, MUMBAI- India, Australia and South Africa will go ahead with a $6 million (3 million pounds) Champions Twenty20 League despite objections from the International Cricket Council (ICC).

The boards met on Wednesday to announce the September 29-October 8 event, starting just a day after the Champions Trophy final in Pakistan despite ICC rules requiring a week's gap after its tournaments.
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Collingwood gets Moores' backing after latest failure PDF Print E-mail
Friday, 01 August 2008

REUTERS, BIRMINGHAM - England coach Peter Moores publicly backed Paul Collingwood on Wednesday despite another failure on the first day of the third test against South Africa at Edgbaston.

The middle-order batsman managed only one scoring shot, a boundary, in 44 minutes at the crease. England, whose inadequate batting cost them the second test, were dismissed for just 231 on a good batting surface.
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