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Protesters refuse to sit, vows to continue movement

Coordinators of the Anti-Discrimination Student Movement said they did not withdraw the protest programme.

Asif Mahmud, a coordinator of the movement, wrote on Facebook, "When we were detained in the DB office, we were asked to meet with the Prime Minister and suspend the movement. There was even a plan to take us to Ganobhaban forcibly.

"We went on a hunger strike in protest against this proposal and to demand our release," he wrote. Our decision not to participate in discussions with the g...

PM calls agitating students to sit with her

Prime Minister Sheikh Hasina today called upon the agitating students to sit with her at her official Ganabhaban residence here to put an end to violence centering the quota reform movement. "The door of Ganabhaban is open. I want to sit with the agitating students of the movement and listen to them. I want no conflict," she said. The prime minister made the remarks in a meeting with the central leaders of the Peshajibi Somonnoy Parishad (Professionals Coordination Council) at Ganabhaban this morning. She also asked the authorities concerned to release the detained general students.

Protest to continue, confirms quota coordinators

Six leaders of the quota reform movement, who were released yesterday from the custody of the Detective Branch (DB) of police, have alleged they were coerced into withdrawing their programmes while in custody. The coordinators in a statement released today (2 August) said, we did not voluntarily give the video statement broadcast from the DB office withdrawing the movement. No decision on the anti-discrimination student movement can come from the DB office. They emphasised, "No decision will be made without consulting all coordinators and the agitating student...

Clothing exports up amid $ 9b data discrepancy

The World Trade Organization (WTO) in its latest data has unveiled that Bangladesh exported $38.4 billion worth of clothing in 2023, making up 7.4% of the global market. However, according to the new data released on Thursday (1 August) through the WTO's interactive tool "World Trade Statistics 2023 – Key Insights and Trends", this figure is nearly $9 billion less than the $47.4 billion reported by the Export Promotion Bureau (EPB). In May, Bangladesh found itself embroiled in a numerical puzzle when the Bangladesh Bank identified discrepancies in the co...

BoE interest rates cut for 1st time since 2020

Interest rates have been cut to 5% today (1 August), in the first downward move from the Bank of England since the frantic days of the coronavirus pandemic. The

‘Middle-Income Trap’ hinders progress in developing countries

More than 100 countries—including China, India, Brazil, and South Africa—face serious obstacles that could hinder their efforts to become high-income countries in the next few decades, according to a new World Bank study that provides the first comprehensive roadmap to enable developing countries to escape the “middle-income trap.” Drawing on lessons of the past 50 years, the World Development Report 2024 : The Middle Income Trap finds that as countries grow wealthier, they usually hit a “trap” at about 10% of annual U.S. GDP per person—the equivalent of $8,000 today. That’s in the middle of the range of what the World Bank classifies as “middle-income” countries. Since 1990, only 34 middle-income economies have ma...
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