Professional Documents
Culture Documents
Polls-Time Govt A Possibility But Without BNP: Reforms Must Address Rising Inequality
Polls-Time Govt A Possibility But Without BNP: Reforms Must Address Rising Inequality
Polls-time govt a
possibility but
without BNP AL expels
PM again rules out dialogue Zahangir
STAFF CORRESPONDENT
Govt has no objection
to BNP’s movement Suspended mayor of
Gazipur City Corporation
but violence won’t Zahangir Alam has been
be tolerated permanently expelled from
the ruling Awami League,
Age limit for entering said a party press release
govt jobs won’t rise yesterday.
“Awami League’s central
Not too many reasons executive committee
to be worried about expelled Zahangir
forex reserves Fishermen in Cox’s Bazar’s Najirartek beach ready their boats to go back out to sea, a day after Cyclone Mocha made its permanently as per the
landfall on the Myanmar coast and the impacts are over. The photo was taken yesterday. PHOTO: MOKAMMEL SHUVO party charter. It will come
into effect immediately,”
read the release signed by
STAR REPORT
NEWS
DHAKA TUESDAY MAY 16, 2023
2 JAISHTHA 2, 1430 BS
IMRAN KHAN’S RELEASE DIPLOMATIC CORRESPONDENT and Australia is $3.6 billion and the
signing of the Trade and Investment
participation of any particular party
in Bangladesh’s next elections but Hearing on charge
Govt supporters Australia said it wants an Indo-Pacific
region where “no country dominates or is
Framework Agreement last year means
the Australian investment in Bangladesh
it wants the polls to be fair and held
in a congenial environment, a senior framing against
call for Pak top dominated” by others.
Tim Watts, assistant minister for foreign
will grow in the coming days, Watts said.
He said potential areas of growth
visiting State Department official said.
“We are not making a comment
Khaleda on June 15
affairs of Australia, lauded Bangladesh’s
judge to quit Indo-Pacific Outlook, saying that he
are agriculture, education, vocational
training and energy. Bangladesh also
on whether or not elections are
participatory, more we are focused on COURT CORRESPONDENT
particularly liked Dhaka’s argument for electoral environment (in Bangladesh),”
AGENCIES imports cotton from Australia, which
an “inclusive region”, a concept he said is US Deputy Assistant Secretary A Dhaka court yesterday set June 15 for the
also shared by Australia. supports the RMG sector in Bangladesh.
Watts said Australia is a “trusted and Afreen Akhter told BSS diplomatic hearing on charge framing against BNP
Several thousand pro-government “Australia’s vision in the Indo-Pacific is
reliable” energy supplier to many countries correspondent Tanzim Anwar on Chairperson Khaleda Zia in 11 cases filed in 2015.
protesters yesterday demanded the having a prosperous and resilient region
resignation of Pakistan’s top judge around the world. Amid the global green Saturday in the capital. Judge Md Asaduzzaman of Dhaka
governed by international rules, strategic She added, “Ultimately it is up to Metropolitan Sessions Judge’s Court adjourned
for releasing Imran Khan last week, as equilibrium, sovereignty and where … no economy and clean energy push, Australia
the former prime minister went back is aiming to become a renewable energy (political) parties themselves to decide” the hearing and fixed the new date, said
country dominates or is dominated,” said Additional Public Prosecutor Tapash Kumar Pal.
to court facing yet more legal cases. superpower, he said. if they would participate in the elections
Watts. The adjournment came following petitions
Khan, who was ousted from power He made the comments while in Watts said they believe that Australia and “again we are not commenting
has the required solar and wind power whether it (requires to be) participatory”. submitted by the defence citing different reasons.
last April, was arrested last Tuesday discussion with a select group of
resources and space to generate enormous The senior US diplomat said her Khaleda, who is out of jail following an
following months of simmering journalists on Sunday after attending the
country was not interfering or weighing executive order from the government, is now
political crisis, prompting his voters Indian Ocean Conference on May 12-13. renewable energy that can be exported to
in with any particular party or candidate unwell and staying at her Gulshan residence.
to rampage through cities. On the sidelines, he also held a bilateral Bangladesh and other countries in the
though they were working to support Ten of the 11 cases were filed in the first three
His arrest was declared unlawful by meeting with State Minister for Foreign Indo-Pacific region. months of 2015 over arson attacks, while the other
the Supreme Court’s chief justice and Affairs Shahriar Alam. “We are aiming to help Bangladesh the electoral environment here.
Akhter’s comments came as asked one was filed with a Dhaka court on a charge of
Khan was later released and granted Asked, he said Australia is eager to meet its green energy needs.” making seditious comments on freedom fighters
various bail applications, reports AFP. enhance security cooperation with Prime Minister’s Energy Adviser Tawfiq- if BNP or any other particular party’s
and martyrs of the Liberation War.
“The chief justice and a few of his Bangladesh, adding that Australia has e-Elahi Chowdhury has recently visited election participation would concern
Three corruption cases against Khaleda --
cronies are disgracing the judiciary recently sent a defence adviser to Dhaka Australia to evaluate the potential for exports Washington. Gatco, Niko and Boropukuria coalmine -- are
like never before. Their justice seems as part of its goal to enhance maritime of renewable energy and green hydrogen. “Let me emphasize that the US does now pending with three other special courts in
to be serving one leader only,” said security cooperation. “I think that the visit is a good indicator not support any political party, any Dhaka.
Malik Hassam Mehmood, a 36-year- “Strategic equilibrium” is important in of the potential for further cooperation candidate, any individual,” Akhter said Two more cases are pending with the Second
old trader and supporter of Prime the region, he added. between Australia and Bangladesh,” Watts adding that they were not seeking to Additional Chief Metropolitan Magistrate’s
Minister Shehbaz Sharif’s party. The bilateral trade between Bangladesh said. mediate the election either. Court.
DHAKA 3
DHAKA TUESDAY MAY 16, 2023
JAISHTHA 2, 1430 BS
‘The property
belongs to govt’
SC on case filed over ownership
of abandoned property worth
Tk 300cr in Dhanmondi
It may disrupt
STAFF CORRESPONDENT
smooth LDC
The Appellate Division of the Supreme Court yesterday
quashed a case filed by one S Nehal Ahmed who sought graduation
ownership of an abandoned property in Dhanmondi
worth around Tk 300 crore. Hasina on climate-
Upholding an HC verdict which ruled that the induced disasters
government is the owner of the property, the court said it
found forgery in documents submitted in support of the UNB, Dhaka
case.
The property is located at House-29 of Road-2 in Prime Minister Sheikh
Dhanmondi. Hasina yesterday said
A three-member bench of the Appellate Division she feared that frequent
headed by Chief Justice Hasan Foez Siddique delivered the climate-induced disasters
order after hearing four petitions filed by Nehal Ahmed, a may disrupt Bangladesh’s
claimant of the property, and the government. smooth transition from
“It is being found from the documents that different LDC to a developing
signatures of the same person have been put in the country.
papers prepared and submitted in one day to the court “Climate adaptation and
in connection with this case,” the CJ told the lawyers for disaster risk reduction are,
Nehal Ahmed during the hearing. therefore, policy priorities
“The documents over the date of birth are also seen of my government,” she
tampered. There is no signature and seal of the court of said.
settlement in the relevant papers of the case. Why did The premier said this
such forgery take place? There must be a syndicate behind in her pre-recorded video
this,” he added. speech that was played in
The apex court also affirmed the HC order that the 79th Annual Session
fined Tk 10,000 to journalist Abed Khan for claiming In times of calamity, animals often fade into the background, but not for this little girl. In the aftermath of Cyclone Mocha, she tenderly holds of the Economic and Social
SEE PAGE 4 COL 4 her two beloved cats while her family tries to salvage whatever’s left. This photo was taken in St Martin’s Island yesterday. PHOTO: PRABIR DAS SEE PAGE 4 COL 4
UNB, Dhaka Rajuk for financial gains. To address the city corporations would start Education Minister Dipu Moni yesterday said the
Local Government, Rural this issue, he proposed that Rajuk demolishing those. postponed SSC and equivalent examinations,
Dhaka alone been experiencing more than 600 MW of Development, and Cooperatives appoint a monitoring agency to The seminar featured a keynote which were scheduled for May 14 and 15, will be
load shedding during daytime. (LGRD) Minister Md Tazul oversee construction works. paper on earthquake risk reduction held after the theoretical examinations ends on
According to official sources, like the previous few days, Islam yesterday underscored Pointing out the lack of in Bangladesh, presented by Mehedi May 23.
the country has been seeing over 2,000 MW of power the importance of constructing accountability in accidents such Ahmed Ansary, a professor at the The education minister told reporters of the
shortage. As a result, consumers across the country are earthquake resilient infrastructures as the Rana Plaza collapse, the department of civil engineering at development while answering a question during a
facing power outages for 6 to 7 hours at different times in the country. minister stressed the need to Buet. programme in the capital.
of the day. “Numerous areas of Dhaka
The SSC and equivalent exams were postponed
“After evening, the situation will be deteriorating with the lack the necessary infrastructure
due to cyclone Mocha.
and facilities to carry out post-
increase in demand,” said a top official of the Bangladesh
Power Development Board (BPDB). He pointed at gas earthquake rescue operations. It RECOMMENDATIONS
shortage for the reason behind the lack in power supply. is imperative that we acknowledge Construct earthquake resilient infrastructures
“We have been getting a lower supply of gas that forced
us to keep at least 25 generation units across the country
this before it is too late,” he said.
The minister was speaking at a Build facilities for post ‘He tarnished
seminar titled “Dhaka at earthquake
shut,” he said. BPDB receives a normal supply of gas. It can
produce 6,500 MW of electricity from its gas-fired plants.
“We’re now producing 4,667 MW because of gas
risk, what the media should do”,
organised by the Dhaka Reporters
earthquake rescue efforts
Increase accountability
Wasa’s image’
shortage,” he noted. Unity (DRU) at its auditorium.
He also highlighted the
of authorities concerned 3 employee orgs demand
Meanwhile, Managing Director of Dhaka Electric
Supply Company (Desco), Md Kausar Ameer Ali, said importance of wide roads and open
spaces where people could seek
Establish monitoring agency
to oversee construction works
action against chairman
the area under them was experiencing 308 MW of load
shedding during daytime. “Desco is receiving about 800 shelter during the earthquake. for ‘remarks in talk show’
MW against a demand of 1,111 MW,” he said. He said, “Our country is prone ensure responsibility. The event was presided over by STAFF CORRESPONDENT
Desco is entrusted with the distribution of electricity in to earthquake, so even minor flaws “While the building owner was Mursalin Nomani, president of DRU,
Dhaka’s north, north-west and eastern parts, while Dhaka during construction can result in a arrested, the construction company and moderated by Toffazzel Hossain Three employee associations of Dhaka Water
Power Distribution Company (DPDC) is responsible for disaster.” responsible for the structure was Rubel, the information technology Supply and Sewerage Authority (Wasa) demanded
power supply in the south, south-east and central parts. Regarding unplanned not held accountable,” he said. and training affairs secretary of DRU. immediate action against Wasa board Chairman
DPDC Managing Director Bikash Dewan said areas development and infrastructure He also emphasised the Among others, former director Gholam Mostafa for what they claimed tarnished
under DPDC has been experiencing a shortage of about construction, the minister held importance of creating a master general of fire service Brig Genl the image of the state-run agency.
340 MW which might be up after the evening. DPDC has a everyone accountable and called plan for a well-planned Dhaka. (retd) Ali Ahmed Khan, architect In a letter sent to the local government ministry
demand of more than 1,600 MW and receiving 1,250 MW. for stronger roles from institutions Rajuk Chairman Md Anisur Iqbal Habib, and assistant professor on May 11, Dhaka Wasa Sramik Union, Dhaka Wasa
Meanwhile, State Minister for Power, Energy and responsible for overseeing Rahman Miah, a special guest at of the institute of disaster Engineers Association, and Dhaka Wasa Diploma
Mineral Resources, Nasrul Hamid yesterday said that it structures to ensure compliance the seminar, announced that all management and vulnerability Engineers Association said Mostafa tarnished
will take two days to improve the power and gas supply with the National Building Code. risky buildings in Dhaka would studies at Dhaka University Jewel Wasa’s image through his remarks in a recent TV
situation in the country. He criticised companies that be identified within the next Mia addressed the programme. talk show.
According to the letter, the chairman said the
Wasa board was virtually ineffective.
18 more get HUMAN RIGHTS The board consisted of 13 members including
Wasa Managing Director Taqsim A Khan, who has
hospitalised Star awards no voting rights. However, Taqsim never allowed
any board meeting to happen in his absence, the
with dengue two best SEE PAGE 4 COL 5
STAFF CORRESPONDENT
writers
At least
18 dengue
STAFF CORRESPONDENT DGDA meeting
patients
w e r e
hospitalised in the last 24
The Daily Star yesterday
recognised two best writers
on human rights and
over drug price
hours till yesterday morning.
With the new ones, the
total number of dengue
handed over certificates
to participants of World hike tomorrow
Human Rights Day Write- STAFF CORRESPONDENT
cases this year rose to 1,261, up Competition-2022.
according to the DGHS. The Law and Our Rights Directorate General of Drug Administration
Some 93 dengue patients section of The Daily Star (DGDA) has called a meeting tomorrow with
are still undergoing has been organising the high-ups of different government agencies and
treatment while the total competition since 2017. business organisations to rein in the price hike of
number of deaths this year Tareq Hasan and Julian medicines and medical equipment, after a notice
is 12 so far. Rafah of Dhaka University was issued by the Prime Minister’s Office last
were recognised as the best Thursday.
PRAYER writers.
In November last year,
The meeting will be held at the drug
administration headquarters in Dhaka.
TIMING the newspaper called for
write-ups. Around 20
Additional Inspector General of Special Branch
(Police), Director Generals of the Directorate of
MAY 16
students, professionals, National Consumers’ Right Protection and the
Fazr Zohr Asr Maghrib Esha
rights activists, and even National Security Intelligence, high ups from the
AZAN 4-10 12-45 5-00 6-36 8-00 Participants of the World Human Rights Day Write-up Competition-2022 at the capital’s The Daily Star others responded to the PMO, health directorate, and the health ministry
JAMAAT 4-45 1-15 5-15 6-40 8-30 Centre yesterday. The Law and Our Rights section of The Daily Star organised the event. Editor and call. as well as representatives of business organisations
SOURCE: ISLAMIC FOUNDATION Publisher of The Daily Star Mahfuz Anam handed over certificates to the participants. PHOTO: STAR SEE PAGE 4 COL 4 will join the meeting, among others.
2nd Edition
4
DHAKA TUESDAY MAY 16, 2023
JAISHTHA 2, 1430 BS
NEWS
Polls code
FROM PAGE 5
The property belongs 80 days
FROM PAGE 5
take legal action against FROM PAGE 3 verdict in 1992 and rejected with the assistance of the
those who continue to ownership before the HC their claims. higher authorities to avoid
violate the rules by running by suppressing fact of his At a stage of the legal being arrested and then re-
campaigns. losing a legal battle in the battle, a man named S Nehal joined after receiving the go-
In response to the court of settlement in a case lodged a case with the court ahead from the CID report.
warning, Anwaruzzaman over the same property, said in 1996 claiming the land’s THE FINAL REPORT
stated that his campaign DAG Kazi Mynul Hassan. ownership. Interestingly, In the final report, CID
cell had not yet started Details of the SC order S Nehal mentioned 1987 mentioned that after his
their electoral campaign, could not be known as its as the year of filing of the release, Mustakim first
and they had not printed full text was not released yet. application in the case. went to Chattogram
any leaflets. He claimed On November 21 last year, The court delivered the General Hospital for
that some supporters were the HC delivered verdict verdict in 1997 in favour of treatment, where the on-
running campaigns using after holding hearing on S Nehal, said Mynul. duty doctors suggested
the boat symbol and he two petitions filed by Abed Abed filed a petition with him go to Chattogram
would address the issue Khan and the government. the HC in 2015 for releasing Medical College Hospital.
internally. DAG Mynul said owners the land from the list of The report stated
Babul claimed to be of the land left country abandoned properties in Mustakim said he did
unaware of electoral rules in 1972 and the then his favour. In the petition, not go to CMCH fearing
and stated that he had not government took the Abed suppressed the further police harassment.
yet received the cautionary possession of the land as an information of the first However, he submitted
letter from the EC. abandoned property. settlement court verdict. an outdoor patient ticket
On the other hand, Journalists Abed Khan, The suppression of fact with the case documents,
Mahmudul said to the best Toab Khan and eight appeared to the HC as fraud proving otherwise. Besides,
of his understanding, they others filed a case with and fined Abed Tk 10,000. Mustakim alleged that the
were not violating electoral the first settlement court The government filed OC kicked his mother at
rules, as the leaflets he claiming the ownership of a petition with the HC in CMCH during the protest,
distributed were only the land in 1989. Abed and 2018 challenging the 1997 which the CID report said
intended as introductory his brother said their father verdict delivered by the was also not true.
materials to familiarise Abdul Hakim Khan had court, Mynul said. The HC Bangladesh Human
people with his candidacy. purchased the land. then delivered the verdict in Rights Foundation (BHRF)
Syed Kamal Hossain, staff The court delivered the favour of the government. is providing legal support
officer (media relations) of to Mustakim in court.
the EC in Sylhet, confirmed
that the RO had issued Will stand by mother Advocate Zia Habib
Ahasan of BHRF said,
a warning letter to all FROM PAGE 5 campaigning, mayoral “According to the law, the
mayoral candidates. He unit AL president, as their candidates and their complainant should be
said the assistant returning candidate. supporters reached out to informed before any agency
officers were monitoring Zahangir’s nomination voters in various areas of submits a final report. But
the situation on the field was canceled by the Election the town. Zaida Khatun in this case, he was not
and would soon take legal Commission, citing him as campaigned in Cherag Ali informed.”
action against any violation. a loan guarantor defaulter. market area of Tongi, while Mustakim could not be
As a result, he is currently AL candidate Azmat Ullah contacted for comments
campaigning on behalf of Khan campaigned in Gacha despite repeated attempts.
his mother. area. Besides, independent
Meanwhile, the mayoral candidate Sarkar
electioneering efforts of Shahanur Islam Roni carried
both mayoral and councillor out his electioneering
candidates are gaining activities in Dattapara area
momentum in Gazipur. and JP mayoral candidate
On the seventh day of MM Niazuddin in Pubail.
He tarnished
FROM PAGE 3
chairman was quoted as
saying.
According to the
letter, the chairman
said, “Everything is done
bypassing the board. Dhaka
Wasa is not functioning
as per the Dhaka Wasa
Act-1996. As a result, the
board cannot enforce its
authority.”
Dhaka Wasa Sramik
Union President Tasadduk
Hossain and Engineers
Association President Waz
Uddin Wazed confirmed
that they sent the letter to
the ministry.
Abdur Rab Miah,
president of Dhaka Wasa
Diploma Engineers
Association, declined to
comment on the matter.
Contacted, Mostofa
said, “None of the officials
and employees of Wasa
suffered damages due to
my remarks. I believe no
one from the agency filed
the complaint against me
on their own. They did it
under pressure.”
On October 30 last
year, a section of the
Wasa staff complained
to the local government
ministry against Mostafa,
alleging that the chairman
meddled in the daily and
administrative affairs of
Wasa.
2nd Edition
CITY 5
DHAKA TUESDAY MAY 16, 2023
JAISHTHA 2, 1430 BS
TACKLING DENGUE
DNCC to Polls code violations ‘Will stand Engage private
collaborate by mother no sector to combat
with scouts
and BNCC
rampant in Sylhet matter what’
Says Zahangir following
‘modern slavery’
STAFF CORRESPONDENT
Mayoral candidates defy EC warning, permanent expulsion from AL Speakers tell conference
Dhaka North City
campaign ahead of time STAFF CORRESPONDENT STAFF CORRESPONDENT
Corporation (DNCC) Suspended Gazipur mayor Zahangir Speakers at a conference yesterday said the
yesterday said Bangladesh Alam, seemingly undeterred by his country’s private sector, especially small and
National Cadet Corps permanent expulsion from the Awami medium enterprises, need to be engaged in
(BNCC) and Bangladesh League, expressed his determination to fighting and creating awareness against “modern
Scouts will work with continue his political journey alongside slavery” and human trafficking.
the city corporation to his mother, Zaida Khatun, who is vying They said despite having the scope, the country’s
eliminate mosquitoes in a for the mayoral position in the Gazipur private sector has not been engaged in this fight
bid to prevent the dengue City polls. effectively. USAID’s Fight Slavery and Trafficking-
outbreak in the capital. When asked about the possibility of in-Persons (FSTIP) Activity, implemented by
The DNCC will take withdrawing from the race if requested Winrock International, organised the conference on
scouts and BNCC by AL leaders, Zahangir affirmed, “My “Private Sector Engagement in Counter Trafficking
members mother and I will be in the electoral race Initiatives” at the capital’s Brac Centre Inn.
to Mirpur Awami League (left) and Jatiya Party (right) mayoral candidates conducting election till the end. I have to stand by her.” According to the UN, although modern slavery
areas on campaigns ahead of official campaigning time in Sylhet. PHOTO: STAR The former mayor has been expelled is not defined in law, it is used as an umbrella term
May 17 permanently from AL, said a press for covering practices such as forced labour, debt
to raise DWOHA CHOWDHURY Candidates from other parties, such release of the party. The press bondage, forced marriage, and human trafficking.
public as Nazrul Islam Babul of Jatiya Party release, signed by office Key presenter at the conference, Matthew
awareness The Sylhet City Corporation election is (JP) and Mahmudul Hasan of secretary of the party Biplab Scott Friedman, chief executive officer of Hong
a b o u t scheduled for June 21, and despite warnings Islami Andolon Bangladesh (IAB), Barua yesterday, states Kong-based Mekong Club and an internationally
exterminating from the Election Commission, mayoral have also been found violating that the expulsion order renowned expert on the issue, said according to
mosquitoes, said DNCC candidates have been continuously violating the rules in a similar manner. will come into effect the “Global Slavery Index-2018”, over 40 million
Mayor Atiqul Islam during electoral rules by running campaigns in the They have been distributing immediately people are victims of modern slavery, 55 percent
a preparatory meeting held city ahead of schedule. leaflets in different parts of the Despite learning about of whom are in Asia.
at the Nagar Bhaban. The City Corporation (Election Code of city, featuring their respective his expulsion through the “SMEs need to know what is happening with
In the meeting, the Conduct) Rules 2016 state that candidates or electoral symbols -- “plough” media, Zahangir disclosed the people they are buying materials from or
mayor said, “We have their supporters can organise street rallies and and “hand fan”. that he had not yet been people within the supply chain,” he said.
decided to launch a indoor meetings only after informing the local Besides, the present mayor, contacted by anyone from AL Nazrul Islam, deputy chief of party of FSTIP,
massive campaign to raise law enforcement authorities 24 hours in advance. Ariful Haque Choudhury, who has regarding the decision. said in different countries NGOs and civil society
public awareness and Additionally, no candidate can start not yet declared his candidacy, has been Zahangir, who was previously organisations are joining hands with governments
prevent dengue outbreaks. campaigning using any electoral symbol before appearing in meetings throughout the city, expelled from AL for violating party to combat human trafficking.
“BNCC and scouts will the official allotment, which is scheduled for indirectly discussing the upcoming election. discipline, received a pardon in January However, the private sector which has the
join our councillors and June 2 in this case. This is seen as an attempt to seek votes, which on the condition that any future capacity and scope to play a big part in the fight
staff in the fields,” Atiqul But the supporters of the ruling Awami is also against the electoral code of conduct. breaches of organisational rules would has not been engaged effectively so far, he said.
said. League nominated candidate Anwaruzzaman Returning Officer Faysal Kader issued be considered unforgivable. Four months Mirza Nurul Ghani Shovon, president of Central
The mayor said dengue Chowdhury, have been organising multiple letters to all mayoral aspirants warning them later, Zahangir decided to run for the Board of Directors, National Association of Small
control is possible through meetings and campaigns daily, using the about the consequences of violating the polls upcoming GCC polls after AL nominated and Cottage Industries in Bangladesh, echoed the
raising awareness among party’s electoral symbol, boat’, which is a clear code. The letter emphasised that the EC would Azamat Ullah Khan, the Gazipur city same. The conference was presided over by Susan
people. violation of the electoral rules. Stamper, chief of party at USAID’s FSTIP Activity.
SEE PAGE 4 COL 3 SEE PAGE 4 COL 4
COUNTRYWIDE
MOULVIBAZAR POWER SUB-STATION The passing JP doubtful of EC’s control
Construction work FROM PAGE 12
Born in Old Dhaka in
was also the MP-elect
from Dhaka-17 as a ruling-
FROM PAGE 12
the police neutral,” Awal said.
The CEC said that they
sure that no political party
can have influence on the
elections. The commission
returning officer.”
Mujibul also said that the
ruling Awami League mayor
Ultimately, the nation was spared from much greater damage continues to face long-standing issues tailored to combat these challenges to avoid domestic market crises. due to insufficient efforts in revenue
due to good fortunate. At the same time, our strong disaster such as insufficient domestic resource should be implemented. Third, to meet the growing demand generation and competing priorities,
preparedness also played a part in that. Since we cannot bet mobilisation, low and stagnant First, the government should for increased and affordable supply particularly in physical infrastructure.
on luck to save us from future disasters, after helping people private investment, inadequate eliminate various taxes – such as in the market, financial support is Consequently, these sectors receive
to recover from the fallouts of Cyclone Mocha, the government public expenditure capacity, youth advance income tax, advance tax, essential. Therefore, policymakers minimal budgetary allocations as
should continue to focus on its disaster preparedness, unemployment, and socioeconomic and regulatory duty – imposed on must focus on creating sufficient fiscal a percentage of GDP. However, if
including by fortifying compromised embankments. inequality. Even though the poverty all imported essential items. Social space by implementing strategies economic growth is not accompanied
rate has been declining over the protection programmes should be for domestic resource mobilisation. by an appropriate allocation of
past decade, as per the Bangladesh expanded to include direct cash Understandably, reduction of taxes on resources to the social sector, the
Bureau of Statistics (BBS), the recently
We must published Household Income and
Expenditure Survey (HIES) 2022
support for the impoverished. To cater
to the needs of low-income groups,
there should be an abundant supply
essential items will subsequently lower
import taxes. To compensate for the
potential revenue loss, higher taxes
sustainability of this growth will be
jeopardised. Insufficient allocation of
public resources to these sectors will
The Daily Star thedailystar.net EDITOR & PUBLISHER: Mahfuz Anam Registered & Head Offices: The Daily Star Centre Newsroom: Fax- 58156306 Advertisement: 01711623910 Subscription:
Reg. No. DA 781 bangla.thedailystar.net/ Printed by him on behalf of Mediaworld Ltd at Transcraft Ltd, 229, 64-65 Kazi Nazrul Islam Avenue, Dhaka-1215 reporting@thedailystar.net advertisement@thedailystar.net 01711623906
Tejgaon Industrial Area, editor@thedailystar.net Phone: 09610222222 GPO Box: 3257
OPINION 9
DHAKA TUESDAY MAY 16, 2023
JAISHTHA 2, 1430 BS
government securities or AAA- of hormonal changes, which might syndrome (PMS). Now, when I am your diet and the foods that trigger
rated corporate bonds, which are not be the case for others as the going through menopause, he is certain reactions. The sudden onset
MIZANUR RAHMAN denominated by either the Indian symptoms vary. more patient towards my transition. of multi-joint pain will force you
rupee or Chinese renminbi, is mostly The physiological age for I cannot help my depressive spells to start exercising regularly. The
localised. Their weight in the global menopause is between 45 and 55 or mood swings and hot flashes, but adjustments you need to make are
Bangladesh received an infamous rupee or the renminbi in exchange financial market is insignificant. I am definitely aware of my triggers
and inappropriate coverage in the for the dollar, it will incur relatively years; many women go through mostly about food and exercise,
A perilous implication is that surgical menopause caused by and the reason why it is happening. listening to your body, and trying
global press that the country was large transaction costs. How large corporations will incur prohibitive I am better equipped to handle
planning to use Indian rupee or will it be? It can be more than 10 hysterectomy for other health to learn as much as possible about
transaction costs (broadly defined) the stress. I meditate, take long hot
Chinese renminbi for international times the transaction cost of trading reasons. With menopause this stage of your life.
in settlement of their international showers, do some brisk walking or
payment settlements. In other in the US dollars. comes various bodily irritability, The initial physical changes
payment obligations in this gardening to release the pressure of
words, the argument was that the As most of the country’s because the production of the will be scary, but a supportive
proposed scenario. coping with menopausal hormonal
Bangladesh Bank, the country’s international trade and financial female hormone oestrogen and husband/partner can be extremely
Consider this example, if the changes. I believe setting some time
central bank, would be diversifying transactions have been denominated progesterone, at the time, decreases. helpful in learning to deal with bad
rupee depreciates by 10 percent for myself and doing the things
its foreign exchange reserves away in the US dollar, bilateral imbalance It is the big drop in oestrogen levels tempers, mood swings, and other
against the US dollar over a period I want helps me adjust to such
from the US dollar to include more in the supply and demand for that causes most of the symptoms elements of this natural transition.
of six months, which is the typical changes mentally.
renminbi and rupee instead. It foreign exchange never caused of menopause. It is only right to address these
credit period of an export, the Indian The reason I am pointing this
is infamous and inappropriate market failure. Until recent times, A woman, from her puberty
exporter would lose 10 percent value out is because, until recently, we symptoms of hormonal changes
because the country’s forex reserves the OTC market of foreign exchange
of his exports in terms of the US or menarche to pregnancy and as a society were not mindful of a with tender loving care. It is vital
continue to consist mostly of the US always cleared without substantial
dollar because of a rupee-invoicing. lactation period to perimenopause, woman’s hormonal fluctuations to talk about and listen to her; she
dollar-denominated assets. interventions of the central bank.
The counterparties in Bangladesh, menopause, and finally post- that she deals with daily. You feel needs support and to feel loved
Bangladesh has experienced Over the last two financial years, the
that is, the importers, will face a menopause stages, lives with hot at one point of the night and and taken care of through this
persistent and increasing bilateral private flows of foreign exchange
dysfunctional forex market in the and adapts to different levels of have the air conditioner at full blast, phase of life.
trade imbalances against both China didn’t clear the market, and so the
central bank had to sell more than rupee. As I explained previously,
and India over the past decade,
$20 billion dollars of its net forex those markets will be very illiquid
particularly since July 1, 2021. Note
that most of the country’s bilateral reserves. Disequilibrium in the forex and costly. So all parties to trade will
trades with China and India are market continued nonetheless. The incur larger costs and uncertainties.
invoiced in US dollars, and so the taka has depreciated by more than International trade and finance
resultant international payment 30 percent against the US dollar over will surely decline in this case. A
obligations are settled in US dollars. the last couple of years. As the US natural hedge of any company is to
The idea of settling accrued payment dollar is still trading with significant invoice their international trade or
obligations using either the Indian premium in the kerb market, the financial transactions in a few major
rupee or the renminbi instead of home currency has remained under currencies including the US dollar
the US dollar is without substance, devaluation pressure. notably. A political decision to force
because their payment settlement Central banks, financial international trade and payment
is predetermined. In addition, the institutions, corporations and settlement away from the US dollar
prevailing forex market really doesn’t currency speculators invoice their to any non-major currencies will be
have access to those alternative international trade and financial disruptive, risky and costly.
currencies at any reasonable costs. transactions in terms of the US Think of a scenario where a
Now, considering that exports dollar because it has been the norm government-owned corporation in
from China or India to Bangladesh in the international monetary order Dhaka will have a Chinese renminbi
are invoiced by their national after World War II. Accordingly, the loan due for settlement on June 30,
currencies instead of the dollar, Bangladesh Bank has maintained 2023. The OTC market for foreign
one would expect that Bangladeshi a growing volume of forex reserves exchange in renminbi will not
importers would be required to mostly in the US dollar since its work, because there is already a
settle their international payment independence in 1971. So the disequilibrium between demand for
obligations in the same currencies. forex market in Bangladesh is and supply of it. It shows that the
Given that Bangladesh incurred characterised by demand for and Bangladesh Bank will be forced to
bilateral trade deficits of $23.5 billion supply of US dollars. This OTC convert their US dollar reserves into
against China and $15 billion against market in foreign exchange is highly renminbi and supply the same to
India in FY2021-22, the Bangladesh liquid and very efficient, meaning the local forex market in renminbi.
Bank would be obliged to act as the that bid-ask spread is less than 50 Ultimately, the Bangladesh Bank
marketmaker for a forex market in basis points for large-size payment is committing itself into a self-
the renminbi or rupee. But such a settlements. The forex market is defeating strategy that it will
forex market will be dysfunctional, also globally integrated. micromanage a forex market in an
because supply and demand for The proposition that Bangladesh unimportant currency, incurring
either of the two currencies are will move away from the US dollar- private costs and unforeseen
wildly unequal. So the forex market based payment settlement to a new exchange risks.
will never clear unless the central international payment settlement, Finally, a fragmented forex
bank intervenes as a marketmaker which will involve either the rupee market in some peripheral
and fills in the gap between demand or the renminbi as the invoice currencies will prove unforgiving
and supply. currency, is of no economic for managing external debt of
This market-making operation substance. It will produce a number both public and private sectors of
of the central bank will be of unintended consequences. a developing country. As of June
uneconomical for two reasons. Firstly, It will cause inefficient 30, 2022, more than 90 percent of
One, the Bangladesh Bank will have fragmentation of the prevailing public sector external debt, which is
to significantly diversify its forex forex market, which is dollar-based approximately $75 billion, is dollar-
reserves into rupee-denominated and globally integrated. Secondly, denominated. Almost 100 percent
or renminbi-denominated assets. the Bangladesh Bank will need of private sector external debt,
The central bank will therefore be to diversify its portfolio of forex which is approximately $25 billion,
susceptible to significant exchange reserves giving significantly larger is also dollar-denominated. While
losses every time either of the weights to the rupee and renminbi. the external indebtedness of the
currencies depreciates against the That will complicate monetary public sector is long-term and of
dollar. Two, more than 90 percent and exchange rate policies of the low cost, that of the private sector
of the global over-the-counter (OTC) central bank. Thirdly and most is mostly short-term, variable-rated
forex transactions are denominated intriguingly, such a diversification and unhedged. Faced with such
in the US dollars. The daily turnover of the forex portfolio will not be a condition, any diversification
of this market was $7.5 trillion in maximising profits for Bangladeshi of forex reserves into peripheral
April 2022. Neither the Chinese exporters and importers, domestic currencies will increase sovereign
yuan nor the Indian rupee enjoys borrowers in foreign currencies, nor risks and downgrade the global
any significance as of now in global for the Bangladesh Bank. rating of the country. It is hoped that
forex markets. So as a part of market- Exporters of China or India will policymakers will not jump to such a
making operations, whenever the not prefer invoicing their exports self-sabotaging strategy of exchange
Bangladesh Bank will buy either the even in their national currencies, rate and forex reserve management.
10 SUPPLEMENT
DHAKA TUESDAY MAY 16, 2023
JAISHTHA 2, 1430 BS
HC directs ACC to
probe allegations
‘Main target is to play the in September and the Pakistan Cricket
Board (PCB) has offered to let them play their
matches in the UAE in what has been dubbed
a “hybrid model”.
against BFF officials
STAFF CORRESPONDENT
World Cup final’ While the BCCI has yet to deliver a formal
response to the offer, Sethi said India wanted
the entire tournament moved out of Pakistan.
That could have serious ramifications for the
The High Court yesterday directed Injury and Taskin Ahmed have been the close associates of each other ever since the pacer made his international debut. 50-overs World Cup in India this year as well
the Anti-Corruption Commission Taskin who is recovering from a side strain injury is gearing up to return even stronger as the 28 year old as the 2025 Champions Trophy in Pakistan,
(ACC) to conduct an inquiry in to who has been a revolution in the Tigers pace bowling unit spoke about his bowling, plans over the upcoming he added.
the corruption allegations raised World Cup along with a few other topics during an exclusive interview with Mazhar Uddin of “India should not be looking at a situation
against the officials concerned of The excerpts of the interview are given below: where we end up boycotting the Asia Cup and
Bangladesh Football Federation also the World Cup, and then India ends up
(BFF) and to submit the probe boycotting the Champions Trophy. That will
The Daily Star (DS): What is the latest on talking about this among the bowling
report in four months. be a huge mess,” he said in a zoom interview.
your recovery process? group. There is no hard if we can work on
The court also issued a rule Sri Lanka and Bangladesh have also come
Taskin Ahmed (TA): Alhamdulillah our batting a little bit and we get the help
asking the respondents to explain out against playing in the UAE, heightening
the recovery process is going well. I have from our batting coaches and players. So
why their inaction to conduct speculation that the ACC may look to move
already started bowling from this week. this is the main aim to contribute if there
the inquiry into these allegations the entire tournament out of Pakistan.
should not be declared illegal. DS: Were you disappointed to miss yet is any early collapse and support the set
Sethi said that was “not acceptable” and
The HC bench of Justice Md another couple of series due to injury batsman at the crease. I am trying that
reaffirmed that Pakistan may boycott the
Nazrul Islam Talukder and Justice despite being I good rhythm? and but still I have a lot to learn and I
World Cup if that happened.
Khizir Hayat Lizu issued the order TA: Definitely it feels bad if I miss any think keeping the modern day cricket in
“That’s a very real possibility, of course,”
and rule following a writ petition series and if it is for injury then as a player mind it is important for the bowling unit
he added.
filed seeking its directive on the it obviously feels bad. But this is also to also be able to bat.
ACC. part of a cricketer’s career and I believe DS: Since the ODI World Cup scheduled
Syed Sayedul Haque Suman, a whatever happens its for good. I try not to in Bangladesh than the other countries. later this year do you have any personal
Supreme Court lawyer, submitted keep that disappointment in my mind for It doesn’t matter whether you are going target for the flagship event?
the petition as public interest
litigation to the HC on Sunday
long and stick to my process. through a bad or good time it’s important
to have a mind trainer in various phase of
TA: I am not going to share about my No more soft signal
DS: You have successfully overcome world cup plan at the moment but I will
requesting it to order the ACC to our life. tell once it’s the right time. But the main STAR SPORT DESK
probe the allegation against BFF injuries in the past. How difficult it is for
a fast bowler to return with full rhythm DS: How did you see the performance of target is to play the final of the World Cup
officials including its president The International Cricket Council has announced
after recovering from injury constantly? our fast bowlers in the Ireland series? if the almighty keeps us healthy.
Kazi Salahuddin, senior vice- changes to its playing conditions after the Chief
president and finance committee TA: To be honest its not easy to back in TA: I think we did reasonably well overall DS: Since you are now one of the Executives’ Committee ratified recommendations
chairman Abdus Salam Murshedy full rhythm after any injury as it starts to in the Ireland series but I belief we are experienced bowler in the Tigers side from the Men’s Cricket Committee, with the
and former general secretary Abu improve once you get the match fitness. better than this. But its okay since there what are your expectation from the pace changes slated to come into effect on 1 June 2023
Nayeem Shohag of committing But obviously its challenging and wait will be different experiences in different bowling unit in India for the World Cup? with the Lord’s Test between England and Ireland.
“corruption”, “money laundering”, patiently rather not become disappointed conditions and the more we play in such TA: I have played a T20 World Cup and a
if things doesn’t go well at the start and conditions we will learn more. I won’t say SOFT SIGNAL: Umpires will no longer be required
“forgery” and “embezzlement of Test match in India. India has always got to give a soft signal while referring decisions to the
money”. focus on the process. So patience is very we did too bad it was not very good too sporting wickets however there are few
important after recovering from the and it’s a good learning experience for us. TV umpires.
Secretary at the Ministry of grounds which is batting friendly so its
Youth and Sports; Bangladesh injury. DS: Apart from your bowling skills going to be challenging for the pacers. But HELMETS: Helmet protection will be mandatory
Bank governor; ACC chairman; DS: What are the aspects you work with the young pacers in the team are also at the same time the bowling unit we have in international cricket for the following high
head of Bangladesh Financial your personal mind trainer? following your footsteps to improve their if we can execute properly we will be able injury risk positions: (i) when batters are facing
Intelligence Unit (BFIU); National TA: Well we all have different mindset batting skills. to give a tough fight against any team. We fast bowlers, (ii) when wicketkeepers are standing
Board of Revenue chairman; and emotions as a person and the topic TA: Well the main skill of the bowlers is are improving and we still have four-five up to the stumps, and (iii) when fielders are close
Salahuddin; Murshedy and Shohag of work is very confidential with the mind bowling but if we can improve our batting months before the world cup so we will to the batter in front of the wicket.
have been made respondents to trainer. Basically it’s a confidential thing it will eventually help our team. In world try to take our skill levels one step further RUNS OFF A FREE HIT: Any runs scored off a
the required rule. but yes this is very helpful aspect of a cricket if you notice most the tail enders and I have big hopes to do something Free Hit when the ball hits the stumps will count
sportsman and maybe it is not as regular are now contributing and we have been extraordinary in the World Cup. as runs scored.
Turkey faces
election runoff
Erdogan leads the first round of
voting, seen with momentum
ahead of the second round
REUTERS, Ankara