Bangladesh included in world’s top political risk hotspots
There is a higher chance for social unrest to exacerbate political instability in Bangladesh, according to research by UK risk analysis firm, Maplecroft released on Thursday.
“This is due to the erosion of democratic freedoms, increasing crackdowns on political position and the brutality by security forces towards protesters, compounded by rising food prices and worsening working conditions,” Maplecroft said in a statement.
Growing levels of conflict, terrorism, and the toppling of regimes in the Middle East and North Africa, as well as political violence in East Africa, are driving a rise in political instability worldwide, said Maplecroft release.
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UN emissary urges both parties to continue dialogue
UN Assistant Secretary General Oscar Fernández Taranco urged both the ruling and opposition camps in Bangladesh to continue the dialogue in the spirit of goodwill and compromise.
“Bangladesh leaders must continue to come together. I encourage both sides to continue the dialogue in the spirit of goodwill and compromise,” he said.
The UN envoy for Political Affairs made the call while addressing a crowded press conference before wrapping up his six-day hectic tour of Bangladesh on Wednesday to help its bickering political parties reach a...
The UN envoy for Political Affairs made the call while addressing a crowded press conference before wrapping up his six-day hectic tour of Bangladesh on Wednesday to help its bickering political parties reach a...
Foreign investment proposals almost halved due to blockade
Looming uncertainty in the political arena and its ultimate consequences through continuous violence on the streets for the last couple of months have restrained foreign entrepreneurs from making fresh investments in Bangladesh.
The number of proposals for fresh investments by foreign entrepreneurs has halved within a month, according to sources, reports the Independent.
The Board of Investment (BoI) received only seven proposals in October against 15 in September this year. The amount of proposed investment against those projects also declined drastically. The foreign companies proposed to invest only $20 million in October against a commitment of $1,915 million in September. The number of local investment proposals also de...
India gives Bangladesh only $ 115.3m of promised LoC
India has given only $ 115.31 million to Bangladesh from its promised $ 800 million line of credit (LoC) till November three years after the loan commitment, officials said Saturday.
Dhaka signed a $1.0 billion credit deal with New Delhi in August 2010 for utilising the money to upgrade the country’s infrastructure especially to facilitate cross-border transport movement between the two countries, reports the Financial Express (FE).
“The project implementation delay due to hard terms imposed by the Indian government has affected fund disbursement,” said a senior Ministry of Finance (MoF) official.
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Bangladesh ahead of India, Pakistan on acid attack laws
Bangladesh is one of the first countries to legislate on acid attacks with the enactment of the Acid Control Act in 2002 while the Supreme Court of India directed earlier this week to all States and Union Territories to put in place draft rules to regulate the sale of acid by this fiscal-end has once again brought to light India’s sluggishness in addressing acid crime.
In fact, India has long lagged behind first Bangladesh and then Pakistan in spec...
In fact, India has long lagged behind first Bangladesh and then Pakistan in spec...
Five-day ultimatum to end political crisis, threaten businesses
Country’s key business leaders have threatened the political parties a tougher movement if the ongoing political impasse will not be solved within the next five days.
“If the political parties can’t reach a consensus within the next five days to solve the current political deadlock, the businesspeople and workers will be forced to take to the streets,” said M Atiqul Islam, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
He made the remarks in a human chain arranged by BGMEA along with the leaders of Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) and Dhaka Chamber of Commerce and Industries (DCCI) in front...
