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Fake election will cause further bloodshed in Bangladesh: AHRC

The incumbent regime of Bangladesh is forcing the nation to witness a fake general election, scheduled tomorrow, says Asian Human Rights Watch (AHRC). All the opposition parties, except the allies of the ruling regime, have boycotted this election. The government is accused of extreme politicisation of the country’s civil administration, along with the police, paramilitary agencies, and all key institutions, including the Election Commission, to ensure a favourable election result, said AHRC in a press statement here on Saturday. election 2

Tensions mounting as violence to follow election

Tensions are mounting on the streets of Bangladesh, as many here expect violence to follow the 10th national parliamentary elections. The main opposition Bangladesh Nationalist Party (BNP) said on Thursday night that the government is pushing the country towards “a civil war” through the “farcical” polls. Analysts worry ongoing political violence will hurt Bangladesh’s economy over the long-run. army in election duty

Guinness authority confirms largest human flag in Bangladesh

   The Guinness World Record authority has officially certified Bangladesh’s human flag record of 27,117 people on 16 December 2013 as the world’s largest human national flag. The record has also been officially posted on the Guinness World Record website (http://www.guinnessworldrecords.com/world-records/2000/largest-human-national-flag). 1Robi Axiata Ltd, in partnership with the Bangladesh Army, shattered the Guinness World Record fo...

Current account surplus dwindling due to remittance fall

The country’s current account surplus is decreasing which, economists believe, is the result of a fall in the inflow of remittance earnings. The current account balance - a broad measure of trade, services and investment flows - recorded a surplus of US$701 million during July-October in 2013, down by $20 million from that of the corresponding period of last fiscal year. current accntMany economists said it might deteriorate further in the days ahead due to restive politics...

Cap on govt ODC loans to lower further

The ministry of finance (MoF) is likely to reduce the government’s borrowing further from the central bank through using the overdraft-current (ODC) tool in line with the suggestions of the International Monetary Fund (IMF), officials said. The MoF has already put a cap on the government’s borrowing from the Bangladesh Bank (BB) through ODC limiting it to Tk 40 billion. The new limit will come into effect on April 01 next, according to sources. bbBased on performance in the current fiscal year (FY) 2013-14 ...

Bangladesh key economic indicators – Jan 3

DAILY INDICATORS

Thursday Previous Taka/US $ (inter-bank) 77.75-77.7525 77.75-77.75 Call money rate (inter-bank) 06.50-08.00 06.25-08.00 Dhaka Stock Exchange index 4,314.09 4,286.15 --------------------------------------------------------------- indicatorMONTHLY CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Nov. 7.15 7.03 M2 supply (bln taka) (BB) Oct. 6,403.17 6,267.23 Forex reserves ($bln)(BB) Dec. 18.07 17.11 Exports(FOB) ($mln)(BB) Nov. 2,...
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