• Friday, October 31, 2014

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Bangladesh

Reflecting on the 3rd US-Bangla dialogue

BASED on reports appaering in various media , it can be undenaibly said that, as a continuation of the US-Bangladesh's annual partnership dialogue, the recently held third dialogue has eneded positvely. The two countries had covered all the expected areas, for instance -- security co-operation, coast guard , cliamte change, peacekeeping and certain areas of US concern like workers' safety and labour rights in Bangladesh. Moreover the countries had reviewd the progress in the existing fields of co-operation. On the...

Is the WTO heading for a failure?

FOR developing countries that have emphasized an export-led growth strategy, the multilateral trade rules, as represented by the WTO, are critical.  It is, therefore, important to look back at the Bali WTO Conference and to assess why the understandings reached there are not taking concrete shape. When the Bali WTO Ministerial Conference concluded with a bang, it was a sound heard around the globe.  The WTO appeared re-energized.  It is almost eleven months since the conclusion of that Conference.  Perhaps,...

Graduation from LDC by 2020 requires additional $6b: official

The government will need to invest an additional $6 billion fund to take Bangladesh to a middle-income country by 2020, according to the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).      The additional money -- $1 billion a year for the next six years -- has to be invested in key physical infrastructure such as roads, transport, port, power and energy, education and healthcare. Bangladesh now invests about $10 billion in development projects a year, with 80...

Emirates sees growing potential in Bangladesh

Emirates sees growing potential in Bangladesh

Emirates plans to increase its flights from Dhaka as the leading carrier sees potential for growth in the Bangladesh market. Presently, the luxury airline operates 19 flights a week from Bangladesh with an 84 percent load on average. The number may soon rise to 21 a week, or three flights a day. “We have seen...

US pledges energy cooperation

The US has pledged to work with Bangladesh in cross-border trade and energy cooperation and support regional economic integration and connectivity initiatives. Recognising Bangladesh's role as a regional leader and seat of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation, the United States also agreed to support in the development of the Indo-Pacific Economic Corridor. The US is also interested to extend full cooperation for increased economic participation of women. The commitments of the support came in a joint...

Extreme Climate Risks

Bangladesh tops list of 32 nations

Bangladesh, Sierra Leone and South Sudan led a ranking of countries facing extreme risks as a result of climate change, exacerbating the chances of civil conflict, according to a study by UK researcher Maplecroft. A total of 32 countries out of 196 surveyed face that level of threat, the Bath, England-based analyst said on Wednesday in an e-mailed statement. Nigeria, Chad, Haiti, Ethiopia, the Philippines, the Central African Republic and Eritrea rounded out 10 most at risk. The threatened nations all...

US ice melting?

The relations between the US and Bangladesh have apparently begun to thaw, about 10 months after the January 5 polls that Washington termed deeply flawed. Not a single word was raised about the elections at the third US-Bangladesh Partnership Dialogue in Washington on October 28-29 and bilateral meetings on its sidelines, according to a highly placed diplomatic source. The two countries only discussed the ways to strengthen cooperation, while the US side was “exceptionally friendly and warm”. “Usually the US side tries...

Govt is bowing to polls demand: Fakhrul

Govt is bowing to polls demand: Fakhrul

The government has begun to bow to the demand for immediate national election under a nonparty caretaker government, BNP acting Secretary General Mirza Fakhrul Islam Alamgir said today. The BNP spokesperson cited Prime Minister Sheikh Hasina’s Thursday briefing and said: “The PM said the next polls can be held anytime through a democratic process...

Mir Quasem brought to Dhaka from Kashimpur jail

Mir Quasem brought to Dhaka from Kashimpur jail

Jamaat-e-Islami leader Mir Quasem Ali was taken to Dhaka Central Jail from Kashimpur jail in Gazipur this afternoon. Quasem has been shifted to Dhaka as the International Crimes Tribunal-2 yesterday fixed Sunday for delivering judgment in the war crimes case against him, said Farman Ali, senior jail super at Dhaka Central Jail. The tribunal has...

Business climate looks up, rank slips

Business climate looks up, rank slips

The country's business regulatory environment improved from last year but it was not enough to bump up Bangladesh's ranking in the World Bank's index on the ease of doing business.            Bangladesh came in at 173 among 189 nations on the Doing Business list, down from 170 last year. India stood at 142, Pakistan 128 and Sri Lanka 99. Bangladesh slipped because of slower pace of reforms relative to other countries, said Zahid Hussain, lead economist at the World Bank's Dhaka office. Besides, new countries have been included in the list and they are ahead of Bangladesh in regulatory reforms, he said. The ranking does not reflect how the business regulatory environment in the...

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