Dhaka, Bangladesh (BBN) – The BBN (Bangladesh Business News) has prepared the morning news highlights compiling reports, published by different newspapers and news portals in Bangladesh.
In MOURNING, In RAGE
It was around 11:30pm. A Dodge car screeched to a halt before the ammunition store of the 2nd Field Artillery in the moonless night of August 14. Major Rashid and Captain Jahangir got down from the car. Some 10 to 12 soldiers of the artillery and lancers were also with them. Major Rashid ordered the store guards to unlock the store. The soldiers immediately swung into action, taking rifles, cannon rounds, Sten guns, submachine guns, light machine guns, pistols and revolvers out of the store in large numbers. Then the store was locked again on orders of the Major.
India this time wants to carry steel, fertilizer
India has again sought transhipment facility at Bangladesh’s Ashuganj river port to carry cargoes like fertiliser and steel to its landlocked eastern state of Tripura, pending a permanent transit arrangement, officials said. Earlier, on humanitarian grounds, the neighbouring country had transported food-grains and over-dimensional cargoes (ODC) for power plants in its north-eastern states using the Bangladesh’s port.
ELECTION-TIME GOVERNMENT: Political parties reject HC formula
No political party has supported the two formulas given by the High Court recently for the formation of an election-time government. Talking to New Age on Friday, the Bangladesh Nationalist Party termed the formulas impractical and some other parties said that the ongoing political crisis could only be resolved through dialogues with all political parties. The High Court bench of Justice Mirza Hussain Haider and Justice Muhammad Khurshid Alam Sarkar detailed the formulas in its detailed judgement, signed recently, that had legalised the unopposed elections of 153 lawmakers in the present parliament.
Weekly review: Bangladesh’s stocks return to red amid profit taking
Bangladesh’s stocks returned to the red last week that ended on Thursday with turnover falling further as profit booking dominated the market sentiment. The week witnessed five trading sessions as usual. Of them, four sessions closed lower while one session saw marginal gain. Week-on-week, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 55.58 points or 1.14 percent to settle the week at 4,808.87.
A day of national tragedy
Just as December 16, 1971 will stand forevermore as the crowning glory and greatest moment in the history of Bangladesh, so must August 15, 1975 stand as the lowest and most shameful point in our history. Let us make no mistake about it. The brutal killing of the Father or the Nation Bangabandhu Sheikh Mujibur Rahman together with almost all of his family on August 15, 1975 shames all Bangladeshis and can be viewed as nothing other than a day or infamy that will live on as a permanent stain on the honour of our nation.
Move to make PKB scheduled bank
Authorities of Probashi Kallyan Bank (PKB) want to have it converted into a specialised scheduled bank with a view to expediting collection of its loan instalments, officials have said. Besides, the bank authorities have also taken an initiative to provide the remittance service, according to the sources.
LC cancellations rise to $2.53b in FY15
Cancellations of the import-related letters of credit increased by 67.95 per cent in last financial year because of disagreements between importers and exporters and dull business situation in the country due to political uncertainty and unrest, Bangladesh Bank officials said. According to the latest BB data, cancellations of the LCs increased to $2.53 billion in the FY 2014-15 from $1.50 billion in the FY 2013-14. The import-related LCs worth $1.35 billion were cancelled in the FY13.
Greek MPs approve bailout deal
The Greek parliament has backed a new bailout deal after an all-night debate, despite a rebellion by many MPs in the governing Syriza party, reports BBC. The deal requires tax rises and more tough spending cuts in return for an EU bailout of about €85bn (£61bn, $95bn) – Greece’s third in five years. Eurozone finance ministers are meeting to vote on the plan in Brussels.