• Wednesday, August 27, 2014

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Political Crisis

France awaits new govt after shock resignation

France's prime minister was set to appoint a new cabinet yesterday after tendering his government's resignation amid a row over economic policy, plunging the country into a fresh political crisis. As desperately unpopular President Francois Hollande battles to overcome splits in his ruling Socialists and revive the stagnant French economy, Manuel Valls was expected to announce the make-up of his team in the afternoon. The shock resignation on Monday was seen as a bid to restore order after a weekend of...

Iraq's Maliki tells army to keep out of politics

Iraq's Maliki tells army to keep out of politics

Iraq's incumbent prime minister ordered the security forces on Tuesday not intervene in the current political crisis over who will be the next prime minister, amid fears that he might go to any lengths to stay in power. Nouri al-Maliki urged army, police and security forces in statement to stay out of the political...

Most insurers see a hike in profits

Most insurers see a hike in profits

Most of the insurance companies saw a hike in their profits in the six months to June, thanks to a rise in premium income and dividend from investment. A total of 33 companies disclosed their half-yearly profits as of yesterday. Of them, 23 saw a rise and 10 a fall.  Reliance Insurance's profit rose 10 percent to Tk 13.97 crore in the January-June period from the same time a year ago. “Our income from policy premium went up 10 percent to Tk 90 crore this year due to an increase in new policies,” said Akhtar Ahmed, an adviser to the insurer. The interest income from investment such as fixed deposit also raised profits,...

Thai army chief to meet key players

Thai army chief to meet key players

Thailand's army chief is to hold talks with key players in the political crisis, a day after declaring martial law in the protest-hit nation. General Prayuth Chan-Ocha has asked to meet the government, the Senate speaker and the two main protest factions. After the talks it could become clearer whether the military will restrict itself...

Thai PM rules out resignation

Thailand's acting prime minister today ruled out resigning as a way out of a protracted political crisis that is stunting economic growth, as anti-government protesters stepped up pressure to remove him and install a new administration. Thailand is stuck in political limbo following the dismissal of Prime Minister Yingluck Shinawatra and nine of her ministers on May 7 after a court found them guilty of abuse of power. Six months of turmoil that has included violent protests and a disrupted general...

Thai government warns protesters as power struggle deepens

Thai government warns protesters as power struggle deepens

Thailand's beleaguered government on Sunday warned people to stay away from anti-government protests, saying it had to step up security as the two sides in a lengthy political crisis squared off over who is running the country. The caretaker government loyal to ousted prime minister Yingluck Shinawatra is clinging to power and to the...

Putin moves to send troops to Ukraine

Russia's parliament yesterday gave President Vladimir Putin the go-ahead to send troops into Ukraine, despite a warning from Washington that such a deployment would results in "costs" for Moscow. The stark escalation of the ex-Soviet country's three-month political crisis came amid growing instability in Ukraine's predominantly Russian peninsula of Crimea that has housed Kremlin navies for nearly 250 years. Large swathes of the rugged Black Sea peninsula of nearly two million people are now under the control of pro-Kremlin militia who...

Restive Thailand 'faces civil war'

Thailand risks sliding into civil war after a wave of political violence in which 22 people have been killed, officials warned yesterday as the unrest claimed the life of a fourth child. Near-daily gun and grenade attacks in protest-hit Bangkok have raised concerns that a nearly four-month-old political crisis is entering a dangerous new phase with both sides refusing to back down. More than 700 people have been wounded since demonstrators took to the streets for rolling rallies aimed at ousting...

GROUND REALITIES

For a fresh new beginning . . .

NOW that the Awami League is off to a new term in office, there are the priorities it needs to set as the party of government once more. The priorities relate, of course, to the necessity of sketching new plans for the future. But let this discourse on what the government must do begin through taking note of the courageous manner in which the prime minister and her colleagues set aside all sorts of pressure, especially from western diplomats,...

Bank reform for competition and economic growth

Bank reform for competition and economic growth

BANGLADESH has seen unprecedented growth of banks in private and public sectors to serve certain interested and purposeful politicians and bureaucratic persons. Based on capital surplus of 38 private banks reported in The Daily Star on November 24, 2013, these Banks can be categorized into following categories: Bangladesh Bank may conduct a proper investigation into the profitability, liquidity, capital surplus and other tests about the survival of the above banks in the competitive world of free market economy. The same test may be applied to all government banks. According to our above categorization eight banks in the First Category are commercially fit to run and operate banking business. Bangladesh bank may ask...

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