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Bangladesh key economic indicators – Feb 5

DAILY INDICATORS

Tuesday Previous Taka/US $ (inter-bank) 77.75-77.7525 77.75-77.75 Call money rate (inter-bank) 06.00-07.75 05.50-08.00 Dhaka Stock Exchange index 4,809.54 4,826.51 --------------------------------------------------------------- indicatorMONTHLY CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Dec. 7.53 7.15 M2 supply (bln taka) (BB) Nov. 6,425.75 6,403.17 Forex reserves ($bln)(BB) Jan. 18.12 18.07 Exports(FOB) ($mln)(BB) Nov. 2,2...

Cattle smuggling creating huge anarchy in Indo-Bangla border

Illegal mass-theft of cattle is a huge problem on the border between India and Bangladesh. Along the largely porous boundary between Bangladesh and the Indian state of West Bengal, cattle-raids and cattle-smuggling, often conducted by criminal gangs, raise hundreds of millions of dollars annually in illicit profits. The activity is so lucrative and dangerous that it often costs the lives of the perpetrators and innocent bystanders. cattle smugglingAccording to a report from Agence France-Presse (AFP), four men suspected of catt...

Rights group urges ICC to investigate Bangladesh

An Islamic rights group is urging the International Criminal Court (ICC) in The Hague, Netherlands, to investigate the government of Bangladesh for alleged crimes against humanity in persecuting its political foes. British lawyer Toby Cadman said he filed the request on behalf of the International Coalition for Freedoms of Rights a month after Bangladesh Prime Minister Sheikh Hasina’s party won elections marred by violence and a boycott by the main opposition party. International Criminal Court prosecutor Fatou Bensouda will decide whether to launch an investigation after studying the application. ICC

Concern over extrajudicial killings in Bangladesh

Activists in Bangladesh have called for an investigation into a recent spate of killings described by many as ‘extrajudicial’. Activists claim most of those who died were affiliated to the opposition. “Extrajudicial killings have been taking place for a long time in the country and it’s getting worse each day,” C R Abrar, president of Odhikar, a human rights group, alleged. “There should be an independent and credible inquiry into the incidents.” Following the disputed general election on 5 January, in which the ruling Awami League retained power, activists claim the number of such killings has risen.

BPC to sell 170,000bls naphtha

 Bangladesh Petroleum Corporation (BPC) will issue a tender to sell 170,000 barrels of naphtha for March 12-14 loading from Chittagong, a company official said on Monday. The tender, which is likely to be issued this week, will close on Feb. 24, with validity up to March 2. State-owned BPC resumed exports of naphtha in November after a four-month hiatus for maintenance and repairs at its sole refinery. napthaIt last sold a same-size cargo to Japanese trading firm Itochu in mid-January at a disc...

Government suffers from legitimacy: Hossain Zillur

Post the violent elections in Bangladesh conducted on January 5, the Executive Chairman of the Power and Participation Research Centre (PPRC) and a former advisor to the caretaker government of Bangladesh, Hossain Zillur Rahman, has pinpointed the failures of the elections that were also shunned globally. "The election has led to a parliament whose legitimacy is questionable. The government which is in place now suffers from this legitimacy issue enormously at home and at abroad," said Rahman. hossain Zillur
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