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Jan 5 elections were not a credible reflection: Mozena

US Ambassador in Dhaka Dan Mozena on Thursday said, we made clear our view that the elections (of January 5) were not a credible reflection of the will of the Bangladeshi people. Reiterating the United States’ position on January 5 elections, Mozena said that Bangladesh is responsible for ensuring its own democracy, and ‘outsiders, no matter how well intentioned, cannot do it’. mozena “We made clear our view that the elections (of January 5) were not a credible reflection of the will of the Bangladeshi people… Bangladesh is responsible for ensuring its own democracy,” he sai...

Month-long DITF kicks off Saturday

The month-long Dhaka International Trade Fair (DITF)’ 2014 is going to start here in the city on Saturday. The fair, an annual showcase arranged by the Export Promotion Bureau (EPB) and the Commerce Ministry, will be inaugurated at city’s Sher-e-Bangla Nagar on the grounds to the west of the Bangabandhu International Conference Centre. DITF-2014-logoCommerce Secretary Mahbub Ahmed will brief the media tomorrow (Friday) about the features of this year’s fair at the DITF se...

18 dead, polling booths firebombed as Bangladesh votes

Thousands of protesters firebombed polling stations and at least 18 people were killed as violence flared across Bangladesh Sunday during a walkover election boycotted by the opposition. Police said they had opened fire at protesters as they torched more than 200 polling stations and stole and burnt ballot papers to try to sabotage the poll. [caption id="attachment_2437" align="alignleft" width="300"]10th elelction Men attack a polling station in the northern Bangaldeshi town of Bo...

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

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,...

WB to come with robust portfolio in 2nd half of current fiscal

The World Bank (WB) is expected to come up with a robust portfolio in the 2nd half of the current fiscal year (2013-14) in Bangladesh with significant funding in a couple of projects including municipality governance improvement and emergency cyclone recovery. For FY 14, the World Bank have a robust portfolio including US$ 410 million for Municipality Governance Improvement Project and $140 million additional financing for Emergency Cyclone Recovery and Remonstration Project, among others, an official of the World Bank’s Dhaka office told UNB.
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