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Bangladesh

Too soon to celebrate TNB’s Bangladesh job

MIDF Research is positive on Tenaga Nasional Bhd’s (TNB) plans to develop a 1,320MW coal-fired power plant in Bangladesh but cautioned that the project could see further delay. TNBIt noted that the project has been in the pipeline since 2012 when TNB was picked to partner Bangladesh Power Development Board (BPDB) to build the power plant in Cox’s Bazar, Bangladesh. Back in 2012, TNB and BPDB proposed to build the plant on a 50:50 basis at a cost of US$2.5 billion (RM7.525 billion) but the project has not taken off since. “On this note, we do not rule out th...

Govt poised to request bids for telecom satellite project

The Bangladesh National Economic Council’s approval of the long-delayed Bangabandhu 1 telecommunications satellite appears to hinge on successful negotiations for the long-term lease of another nation’s orbital slot given the obstacles to using a Bangladesh-registered position, government and industry officials said. telecomAfter several years of attempts to coordinate one of its several orbital positions, especially at 69 and 102 degrees east longitude, Bangladeshi authorities have now turned toward the 26-nation Intersputnik organization of Mo...

Dhaka, Colombo exploring possibility of FTA

As bilateral trade jumped by 67%, Sri Lanka and Bangladesh have begun exploring the possibility of a historic Free Trade Agreement (FTA). And while it would be the first ever FTA for Bangladesh, for Sri Lanka, it is no less than a single entry-point for a huge regional economic corridor. “There are so many sectors where both countries have their own comparative advantages-in some Sri Lanka is strong, in some others, Bangladesh is strong. I bd-Lankahope that this Free Trade Agreement-at least, the possibility of signing it, will bring the two co...

Politics in Bangladesh: One and only one

 As the opposition takes a break from politics, the government tightens its grip

 THE Supreme Court of Bangladesh has just rejected appeals by a former prime minister, Khaleda Zia, over the appointment of a judge in a corruption case against her. The ruling clears the way for Mrs Zia to stand trial. Prosecutors accuse her of having siphoned off cash from charitable trusts set up in memory of her late husband, Ziaur Rahman, who was an army leader at independence and was later assassinated as president. If found guilty, the country’s second-most-powerful woman could face time in jail.

Separation of powers in Bangladesh under threat

Bangladesh MPs passed a controversial amendment to the country's constitution that grants the parliament authority to investigate and sack judges of the nation's Supreme Court. DW examines the decision. The verdict could not have been clearer: With 327 votes to 0, the parliament in Dhaka voted on September 17 for the ruling party Awami League's (AL) so-called constitutional 16th Amendment. The new amendment bestows parliament the power to investigate and sack the South Asian nation's top judges on the grounds of incapability and misconduct. The reason for such a unanimous decision: The country's main opposition party - Bangladesh Nationalist Party (BNP) - has no representation in the legislature as it boycotted the parliamentary elections held earlier this year.

Divisive politics, red-tape, rent-seeking key challenges: WB

The World Bank has identified confrontational politics and bureaucratic red-tape as key challenges for Bangladesh to speed up growth and promote itself as a middle-income country by the early next decade. Sharing views with the newsmen at the WB office at Agargoan on Monday, WB country director Johannes Zutt said divisive and confrontational politics could bring uncertainty in policy decisions, reports the New Age. Uncertainty affects the process of addressing critical problems, he added. He said bureaucratic red-tape as well as widespread rent-seeking impedes economic growth and investment.
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