• Friday, August 01, 2014

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Bangladesh

Editorial

Bangladesh higher on HDI

BANGLADESH has moved up on  Human Development  Index by a notch placing  at 142nd among 187 countries  in the UNDP's Human Development Report,2014. Bettering  last year's  record by one step  though modest is significant in many ways For, in spite of  turbulent politics  our people could  pull off a sustained, even improving  trend in  human development indicators. In other words , they could do even better given reasonably stable  politics. That said, particularly noteworthy is that Bangladesh  is in the...

Bangladesh, Bulgaria sign co-op deal

Bangladesh and Bulgaria have signed a deal on Foreign Office Consultations (FOC) to establish institutional cooperation between the two countries. Bangladesh Ambassador to Turkey Zulfiqur Rahman, also envoy to Bulgaria, and Deputy Foreign Minister of Bulgaria Angel Velitchkov signed the Memorandum of Understanding on behalf of their respective governments in Sofia on July 30. This is the first step taken between these two countries to initiate institutional cooperation, said a foreign ministry press release yesterday. It would now allow regular consultations between...

Indo-bangla Trade

New shipping routes on trial

Bangladesh and India are expected to open shipping routes using non-deep-sea vessels by end of the year, with dry runs beginning as soon as October 14. The two sides are close to reaching an agreement on standard operating procedures for trans-shipment using the proposed routes, diplomatic sources said. It would make transport of exports and imports cheaper and promote trade. India is interested in getting cheaper and quicker transport facilities to and from its eastern and south-eastern Indian states and Bangladesh is...

Deep-sea Exploration

Higher gas prices key to woo IOCs

Higher gas prices key to woo IOCs

Bangladesh may not be able to attract international oil companies enough to explore its deep sea waters even after resolving maritime disputes with Myanmar and India unless it revises its model production sharing contract (PSC) by offering higher gas prices. “Policymakers must realise that deep sea exploration and development of a gas prospect is completely different from onshore or even shallow water operation. Deep sea operation is very costly, highly risky and technologically very challenging,” said a top PSC expert. “All of the commercial deep sea gas discoveries in the last five years had between 6 trillion cubic feet (tcf) and 16 tcf reserve. Any reserve less than that is not...

Attacks on minorities increased

Hindus and other ethnic and religious minorities in Bangladesh faced increased harassment and physical attacks amid last year's political turmoil, according to a US report. The 2013 International Religious Freedom Report, released on July 28, said there were reports of societal abuses and discrimination based on religious affiliation, belief or practice. A large number of arson attacks and looting of minority religious sites and private homes took place across the country, especially against the Hindus. Members of the Sunni Muslim majority at...

9 killed as train hits wedding bus at Jhenidah

9 killed as train hits wedding bus at Jhenidah

At least nine killed and 60 injured as a train hit a bus carrying a wedding party while crossing rail lines at Boro Bazar in Kaliganj upazila in Jhenidah early today. Identities of the deceased could not be known immediately, reports our Jhenidah correspondent. The Khulna-bound ‘Simanta Express’ from Syedpur of Nilphamari crashed into the...

Offices reopen after Eid holiday

Offices reopen after Eid holiday

After three-day Eid vacation, the government, semi-government and private offices including banks and financial institutions reopened today. Attendance in the government offices was seen thin as many officials and employees were enjoying their optional holiday today. The officials and employees exchanged Eid greetings with their colleagues amid a festive mood in the morning. With the city...

Govt not worried about BNP demo: Syed Ashraf

Govt not worried about BNP demo: Syed Ashraf

The government is not worried about any violence in the wake of the opposition BNP's announcement of an anti-government movement after the Eid, ruling Awami League general secretary said today. "We hope BNP would hold its demonstration peacefully," Syed Ashraful Islam said while exchanging Eid greetings with journalists at his office at Secretariat. Asked about the ruling party's strategy to deal with the anti-government agitation, Ashraf, also the LGRD minister, replied: "We are now busy preparing to observe the National Mourning Day on August 15."

Acceptable Polls

UN official for homegrown solution

Only leaders of the two main political parties -- Awami League and BNP -- can agree on conditions that would pave the way for free and fair elections, said UN Resident Coordinator in Dhaka Neal Walker yesterday. He said, “My view is that the solution must come from Bangladesh, mainly from two political leaders. This really depends on the will of both sides … there're no outsiders and the UN never pretended to do that. “ … Solution to democratic evolution...

Al-Arafah appoints independent director

Al-Arafah appoints independent director

Khalid Rahim has recently been elected as an independent director of Al-Arafah Islami Bank and chairman of the board audit committee, the bank said in a statement yesterday. Rahim is a fellow member of the Institute of Chartered Accountants in England and Wales and a member of ICAB (Bangladesh). Currently he is a senior consultant of Rahman Rahman Huq, Chartered Accountants, KPMG Bangladesh. Rahim has previously served as managing director at Barclays de Zoete Wedd Ltd (now Barclays Capital), the investment banking arm of Barclays Bank, one of the largest UK based banking groups. He later served a UK-based financial services group engaged in private equity and fund management as group chief executive,...

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