You are on page 1of 21

Joishthya 4, 1421

Rajab 18, 1435


Regd. No. DA 6238
Vol 2, No 48

SUNDAY, MAY 18, 2014 | www.dhakatribune.com | SECOND EDITION

B1 | TRICK TO EXPAND CONSUMER LOANS

9 | PAPERS URGE MODI TO REACH MUSLIMS

20 pages | Price: Tk10

11 | A SPACE TO PLAY

13 | EMILY CARRIES MSC PAST CTG ABAHANI

Two ex-RAB officers remanded Launch capsize death


Whereabouts of the third RAB suspect still wrapped in mystery
n Ashif Islam Shaon and Ahmed
Zayeef, back from Narayanganj

Khan with
n Mohammad JamilMunshiganj our
correspondent in

A Narayanganj court yesterday granted


five-day remand for the two ex-RAB
officers who were arrested in the early
hours yesterday for their alleged involvement in the abduction and killing
of seven people, including Narayanganj
city panel mayor Nazrul Islam.
However, the whereabouts of the
third RAB suspect Lt Commander
Masud Rana are still not clear and
none of the police officials concerned
admitted failure in the arrest of the former Navy officer.

P3 ANOTHER RAB ABDUCTION?


But, Senior Home Secretary CQK Mushtaq said they suspected Rana had escaped officials in Dhaka Cantonment as
well as the police.
After the arrest of the two, it seems
that the police could not trace the other
accused, he told the Dhaka Tribune.
Around 11 hours into their arrest,
police produced Lt Col Tarek Sayeed
Mohammad and Major Arif Hossain
before the court of Senior Judicial Magistrate Chandi Rupam around 2:00 pm,
seeking 10-day remand.
Court Sub-Inspector Ashrafuzzaman said the two officers were shown
arrested under Section 54 as they
were not named in the two cases filed
in connection with the abduction and
murder. Police appealed to the court to
show them arrested in the cases.
PAGE 2 COLUMN 1

Police escort ex-RAB officers Lt Col Tarek Syed Mohammad (left) and Maj Arif Hossain (right) to the Narayanganj district court yesterday
afternoon
MAHMUD HOSSAIN APU

Man who saw abductions testifies


n Ashif Islam Shaon and
Ahmed Zayeef

A Narayanganj businessman yesterday told the government investigation


team probing seven murders that he
had witnessed the April 27 abduction
conducted by around seven RAB personnel and another in plainclothes.
I saw a RAB pickup van and at
least six or seven of its members on

the spot, said Md Shahidul Islam, who


gave deposition at the rest house of
Shiddhirganj Power Station. The probe
body earlier held public hearings on
May 12 and 15.
The witness said he had been passing the spot along with his HSC examinee daughter on a motorcycle.
On that day, my daughter had an
examination at Narayanganj Mohila
College. She came out of the exam cen-

New record in pass rate, GPA 5 scores


SSC RESULTS 2014
2013
PASS
RATE

2014

91.34%

89.03%

1,42,276

GPA 5
91,226

PASS RATE
AMONG 8 BOARDS
LOWEST SYLHET
89.23%
HIGHEST RAJSHAHI
96.34%

INSIDE
News

4 The countrys health sector


continues to suffer setbacks as over
23,000 posts remain vacant, while
the recruitment process continues
to be delayed as disgruntled
candidates are filing writs accusing
rampant corruption and nepotism in
the process.

Nation

6 Many indigenous species of


fish are on the verge of extinction
in the natural water bodies of
Netrokona district due to various
reasons including widespread use of
pesticides and chemical fertilizers in
the cropland and adverse impact of
climate change.

Career

7 A pessimist sees the difficulty in


every opportunity; an optimist sees
the opportunity in every difficulty.

toll climbs to 55 as
rescue operations end

n Mushque Wadud
A record percentage of students have
passed this years Secondary School Certificate and its equivalent examinations,
while the number of GPA 5 scorers has
also increased than the previous years.
This year, the pass rate was 91.34%,
a 2.31 percentage point increase than
the previous year, and 142,276 students
got GPA 5, which was 51,050 more than
the previous year.
Explaining the reasons behind the
better success rate, Education Minister
Nurul Islam Nahid said the results were
achieved because of the introduction of
creative question system and properly
training the teachers on the new system.
This year, students faced creative
question system on 21 subjects, while
Nahid said some five lakh teachers
were trained on the new system.

Pointing out another government


initiative, Nahid said: After analysing
results of previous years, we have found
that students are mainly weak in English
and Mathematics. So we had arranged
additional classes on the two subjects
and the initiative proved successful.

P16 PASS RATE: A BOON OR BANE?


The SSC results also reflected Nahids
claim, with 98.88% students passing
in English and 98% in Mathematics in
Dhaka Education Board, while in Jessore Board, 99.43% passed in English
and 97.22% in Mathematics.
The education minister further
claimed that multimedia class rooms,
regular classes and timely distribution
of textbooks also contributed to the
good results.
PAGE 2 COLUMN 5

NBR to bring tax-evading


house-owners under radar
n Syed Samiul Basher Anik
For those house-owners, who have
been evading tax for decades, things
may turn out to be difficult if the prime
minister approves the revenue authoritys budgetary proposal to go tough
against them.
According to an official, the National
Board of Revenue (NBR) has planned
to strengthen monitoring against the
tax-evading house-owners. This, in
fact, is one of the major proposals from
the NBR to boost revenue collection in
the upcoming fiscal.
Another budgetary revenue-booster, subject to the premiers approval,
could be raising the tax imposed on the
import of gold in baggage.
Today, the NBR in a key meeting

with Prime Minister Sheikh Hasina is


likely to place these issues before finalising its draft budget outline for the
FY2014-15, officials said.
The revenue part of the annual
budget is generally prepared by the
NBR. The Finance Division of the Ministry of Finance prepares the expenditure part.
The tax authority is likely to set a
revenue target of Tk1,49,000 crore in
the upcoming budget alongside plans
to expand the tax net by bringing necessary changes to the tax and duty
structure.
We have prepared a plan to bind the
house-owners to collect rents through
banks, an official said.
He also said because owners do not
PAGE 2 COLUMN 1

tre at 1:05pm. We took rest for at least


15 minutes there. Then we started for
home on my motorcycle.
It was around 1:45pm when I was
passed the garbage dumping yard
(situated on Dhaka-Narayanganj Link
Road). I saw a RAB vehicle and few private cars parked on the road in queue.
I thought the RAB men were searching
the cars to capture hoodlums. From
PAGE 2 COLUMN 5

The death toll from the launch capsize


in Munshiganj has climbed to 55, with
27 more bodies being recovered yesterday before the rescue operations were
called off.
Out of the bodies that had been recovered from the MV Miraj 4 launch,
53 have been handed over to their family members. Of the deceased, 11 are
children, 13 are women, while the rest
are men.
We have already handed over 53
bodies to the families after verification, while two bodies recovered on
Saturday evening are yet to be identified. The Shariatpur authority has been
asked to take action regarding it, ATM
Mahbubul Karim, the upazila nirbahi
officer (UNO) of Gajaria, told the Dhaka
Tribune.
Meanwhile, some register books
and a draft of the passengers list have
reportedly been recovered from inside
the vessel after it was brought to the
riverbank.
Without confirming the authenticity
of the documents, which read that 335
passengers boarded the launch on the
day of the accident, the UNO said: I
have been waiting for it to dry and we
would give it to the DC office and probe
body to investigate.
However, employees from different
launches told the Dhaka Tribune that
the number was unlikely to be valid, as

the vessels only estimated passenger


figures once the launch had reached its
destination.
On the other hand, from a press
conference onboard salvage vessel
Prottoy in the afternoon, Bangladesh
Inland Water Transport Authority (BIWTA) Chairperson Shamsuddhoha
Khandaker declared the official end
of the rescue operation. He said the
launch sank very quickly as its thin
lower part could not withstand the
heavy blow of wind gust.

Following the conclusion


of rescue efforts, the
relatives of the missing
people have started
leaving the banks of
river Meghna
Asked about the delay in the rescue
process, the BIWTA chief said the
added time was needed as they had
launched salvage operations using Prottoy for the first time.
Earlier, protests by relatives of the
missing people forced the BIWTA to resume rescue efforts, despite announcing its end in the morning.
Claiming that authorities concerned
have received a list of seven missing
persons, Munshiganj Deputy Commissioner Saiful Hassan said local
PAGE 2 COLUMN 4

DHAKA TRIBUNE

News

Sunday, May 18, 2014

PM: Zia considered AL his main enemy


n Tribune Report
Prime Minister Sheikh Hasina yesterday said military dictator General Ziaur
Rahman wanted to erase the name of
Awami League after the brutal assassination of Bangabandhu as he (Zia)
considered the party his main enemy.
She said General Zia was appointed
army chief by Khandakar Moshtaque
and he was made the president and
army chief simultaneously as he forced
the then president Justice ASM Sayem
to step down at gunpoint.
"After becoming president, General Zia wanted to destroy the signs and
spirit of the War of Liberation side by
side with erasing the name of Awami
League," she said, adding the anti-liberation forces emerged during his misrule.

'After my coming back


home, my number one
thought was to put the
country back on the
path of democracy'
Sheikh Hasina, also the Awami League
president, told leaders of Awami
League and its associate bodies who
came to her Ganobhaban residence
here this morning on the occasion of
her 33rd Homecoming Day.
Senior Awami League leaders including Syeda Sajeda Chowdhury,
Begum Matia Chowdhury, Obaidul
Quader, Sheikh Fazlul Karim Selim, Advocate Sahara Khatun, Syed Ashraful
Islam and PM's Advisor HT Imam were
present, among others.
On this day in 1981, Sheikh Hasina
returned home after six years in exile
following the brutal assassination of
the architect of independent Bangladesh Bangabandhu Sheikh Mujibur
Rahman and most of his family members on August 15 in 1975.
Sheikh Hasina and her younger sister Sheikh Rehana escaped the carnage
as they were in Germany at that time.
The Prime Minister said General Zia
grabbed the state power by violating the
constitution. "The country witnessed
frequent coups during his rule and he

killed sector commanders of the War of


Liberation one after another," she said.
Earlier, the leaders of Bangladesh
Awami League and its associate bodies
greeted the Prime Minister by presenting bouquets and chanting slogans on
the occasion of the Homecoming Day.
In an emotion-charged voice, the
Prime Minister said after the assassination
of Bangabandhu, four national leaders
were brutally killed and numerous leaders and workers of the party were thrown
into jail to eliminate Awami League.
Recalling her Homecoming Day on
May 17 in 1981, Sheikh Hasina said she
returned home on a rainy and stormy
day when thousands of people braving
the inclement weather assembled at
the airport to welcome her.
"When I returned home I didn't have
any asset except the courage and inspiration of the Awami League leaders and
workers," she said.
"When I returned home, there was
a flood of millions of people and there
was love for me. But my most beloved
persons whose love I expected most
were not there," she said referring to
the killing of Bangabandhu and others
who were assassinated on the fateful
night of August 15.
While recalling her tragic and terrible days, the Prime Minister became
emotional and tears rolled down her
cheek.
Sheikh Hasina said General Zia ran
the country by imposing curfew at
night. "Rehana and I were not allowed
to enter our historic Dhanmondi 32 residence. We were even barred to hold
milad at our house," she said.
The Prime Minister said they used to
spend time on the bank of Dhanmondi Lake. "The sufferers could only say
what frightful days we passed at that
time," she said.
After my coming back home, my
number one thought was to put the
country back on the path of democracy along with materializing the dream
of Bangabandhu and strengthening the
party. "I could not think where we would
stay and what we would eat," she said.
Sheikh Hasina said when she returned home she saw that the country
went against the War of Liberation and
the anti-liberation forces were running
Bangladesh under the patronization of
General Zia. l

JU BCL leader beats


up canteen owner
n JU Correspondent

Prime Minister Sheikh Hasina breaks into tears yesterday at Ganabhaban during a programme arranged on the occasion of her
homecoming day
BSS

A leader of Jahangirnagar University


unit Chhatra League assaulted a canteen owner of Mir Mosharrof Hossain
Hall yesterday for serving lunch with a
plastic plate.
Sources at the campus said Faisal
Hossain Dipu, organising secretary of
JU unit BCL, sent an employee of the
dormitory to fetch his lunch from a hall
canteen around 2:15pm and its owner
Kamal Hossain provided the meal with
a plastic plate which was seemed offensive to the leader.
Being angered by the incident, Dipu
beat up Kamal Hossain with a cricket
stump indiscriminately, leaving him
injured.
Later, employees of the canteen
whisked off him to JU medical centre
where he was given first aid.
Kamal Hossain said there was no
other plate to him to serve meals to the
leader.
Contacted, Dipu said: Despite
warning him (Kamal) several times earlier not serving me with plastic plate,
he did so. Being failed to control rage,
I beat him up him.
However, Prof Dr Md Obaidur
Rahman, provost of Mir Mosharrof
Hossain hall said they had discussed
the matter with the university authorities that would certainly take proper
action. l

Teenager commits suicide for


failing to achieve GPA 5

Nahid: No
problem in college
admission
n Mushque Wadud

n Tarek Mahmud, Chittagong

Education Minister Nurul Islam Nahid


said yesterday there will not be any
problems for students to get admitted
into the colleges though a record number of students have passed and scored
GPA 5 this year.
There are plenty of seats and so
students will not have to face any problems in getting admitted into the colleges, he said at a press briefing at the
secretariat yesterday.
As the pass rate has been increasing over the years, guardians are concerned whether their children can get
admitted into the colleges. l

A youth committed suicide yesterday


reportedly after failing to achieve a
GPA 5 score in his Secondary School
Certificate examinations.
Mohammad Sowrov, 17, was found
hanging with the ceiling fan by a rope
in the neck at his residence at Karnaphuli Bhaban in Chittagong citys Golpahar area.
Sowrov appeared for the SSC examination from Al Hera Academy at Bera
in Pabna, while living with his grandparents.

He was expecting a GPA 5, however, he found out that he had scored GPA
4.30, said Md Shahnewaz, a next door
neighbor.
After finding the result, he come
and informed me of his result and took
a long breathe and went back to his
house, he added.
The victims mother, Firoza Begum,
a senior staff nurse at Chittagong Medical College Hospital, said Sowrov got to
know his SSC results at around 2:00pm
when she and her husband, Sakhawat
Hossain, a businessman, were at their
workplaces.

At around 3:00pm, the victims


mother returned home and found that
Sawrov had committed suicide.
Hearing her screams, I went to their
house and she and I rushed Sowrov to
CMCH, Shahnewaz added.
On-duty doctors at CMCH pronounced the boy dead at around
3:55pm, said Nayek Jahangir Alam of
CMCH Police Outpost.
The dead body was sent to CMCH
morgue for autopsy, he said and added
that the victim might have committed
suicide after becoming mentally depressed over his expected result. l

NBR to bring tax-evading house-owners under radar

Man who saw abductions testifies

PAGE 1 COLUMN 3

PAGE 1 COLUMN 4

give formal money receipts to the tenants while collecting rents, they managed to conceal the actual amounts
they had collected and thus evaded tax.
After introducing the rule, the NBR
would collect relevant information
from the banks, the official said.
He also said Finance Minister AMA
Muhith in a meeting last week gave
consent to the NBR officials regarding
the unique new rule.
According to Chairman Ghulam Hussain, the NBR has identified a staggering
total of 1.62 lakh owners in only a few
selected areas in the capital, who have
been concealing their incomes from
house rents while submitting returns.
An NBR survey, conducted from December 2012-November 2013, shows
that out of the tax evading owners,
70% were businessmen by profession,
25% just owners and 5% shop owners.

Gold import tax

in the wake of the recent hike in gold


smuggling, another proposed revenue-boosting plan is to increase the
existing Tk150 tax to Tk3,300 on every
tola of gold imported in baggage.
However, the assumption is that the
authorities concerned would strengthen monitoring at the airports to curb
gold smuggling. In that case, people
would be forced to bring in gold in their
luggage and the government can benefit from it, the NBR official said.
Under the existing baggage rule, a
passenger can carry gold or silver ornaments weighing less than 200 gram
without paying any taxes.

Curtailing corporate tax

In todays meeting, the tax authority is


also likely to place a proposal for curtailing corporate tax.

Two ex-RAB officers remanded


PAGE 1 COLUMN 1

The court fixed May 18 for hearing in


the case filed by the son-in-law of slain
lawyer Chandan Sarker, he said.
No lawyer stood on behalf of the two
officers.
Two of the three Rapid Action Battalion officers, who were sent on forced
retirement, were arrested from Dhaka
Cantonment early yesterday. Later, they
were taken to Narayanganj Police Lines.
Lt Col Tarek was the commanding
officer of RAB 11 when the gruesome
murder took place. Maj Arif and Lt
Commander Rana were also posted at
the RAB unit.
The three RAB officers were fired
after Shahidul Islam, father-in-law of
slain councillor Nazrul Islam, claimed
that some RAB officers killed the seven in exchange for Tk6 crore from Nur
Hossain, the prime accused.
The trio was not accused in the case
filed by Nazruls widow, but the High
Court on May 11 ordered the Inspector
General of Police to immediately arrest them as suspects.
On April 27, Nazrul and his four
aides and Chandan and his driver were
kidnapped from the Dhaka-Narayanganj link road around the same time in
broad daylight.
Six bodies, including those of Nazrul
and Chandan, were found floating in
the Shitalakkhya River on April 30 and
another was found the following day.
The other victims were Moniruzzaman

A high-ranked official said the NBR


would propose cutting tax for banks
and financial institutions from the existing 42.5% to 40.5%.
He however could not shed any light
when asked whether or not the other corporate firms would be given the
same facility.
In forums and pre-budget discussions, trade bodies such as the FBCCI
have been asking for lowering of corporate taxes terming them too high.
Many of the chiefs of the trade bodies
are owners of major commercial banks.

Other proposals

some of the other proposals that the


NBR is likely to place before the prime
minister are: raising tax on products
hazardous for health and the environmental such as cigarettes; tax-free income ceiling of Tk2.25 lakh for individual payers; schemes for protecting local

Launch capsize
PAGE 1 COLUMN 6

administration would continue to look


for the missing people even though the
BIWTA had concluded the rescue operation.
He added that if any family member
provided legal identification and proof
of any missing person, then their details would be registered in the missing
persons list.
Following the conclusion of rescue
efforts by the BIWTA, the relatives of
the missing people have started leaving
the banks of river Meghna.
On Thursday, MV Miraj 4 capsized
during a storm on the Meghna with
around 200 passengers on board. l

that interest, I slowed down my motorcycle and stopped.


Shahidul said he had enquired a
RAB man about the matter.
The RAB personnel was rude with
me to say Ja beta ja, aage bar [leave
this place, move ahead].
This made him curious, Shahidul
said: If he did something usual, he
would have answered me normally.
Then I started to drive my motorcycle
and stopped few metres ahead. Four to
five RAB men in arms kept the vehicles
cordoned while two others standing
with another person who was wearing
a white T-shirt and black pant.
The person [in plainclothes] had a
black pistol [smaller than those used by
police personnel] in his hand. He was
pulling out several men from one pri-

court granted only five-day remand for


the arrestees. They also reproached
that the duo was not handcuffed when
they were produced before the court.

The court premises

The court room

The Investigation Officer of the two


cases Mamunur Rashid Mandal sought
10-day remand for each of the two officers.
On behalf of the District Lawyers Association, its president Shakhawat Hossain Khan, secretary Zakir Hossain and
ex-president Abdul Bari Bhuiyan placed
argument explaining as to why the arrestees should be put on 10-day remand.
Referring to the inquest report of
the victims bodies, they said each of
the victims was strangled and hit in
the head. The killers also made hole in
the abdomens before dumping them in
the Shitalakkhya River. They also used
bricks which proved that well-trained
people committed the offence.
The lawyers cited the ropes and
sacks used to tie up the bodies, claiming that those were meant for RAB.
Lawyer Chandan was innocent. He
recorded the whole incident in his cell
phone, said a lawyer.
They also referred mass hearing
where all of the witnesses said Nur
Hossain used RAB to kill seven people. The lawyers said the state spends
huge amount of money to train an officer. Money comes from peoples tax.
The officers, who were supposed to

serve the nation, used their authority


and power for personal interest, they
alleged.
We do not have complaint against
RAB as a force. But these people have
tarnished the image of RAB, Army and
Navy. They should be punished, said a
lawyer.
They know where Nur and his associates are hiding now. They know
who are behind the killing, the senior
lawyer said.
They alleged that Tarek, Arif and
Rana were also involved with some
other incidents of abductions and murders in Narayanganj. They committed
such crimes in other places they were
deployed earlier. An interrogation
could reveal those incidents.
We think some powerful men were
behind all of these incidents. These incidents should be revealed, he said.

Tarek blamed media

As Tarek had no lawyers, the court


asked him to defend himself.
He told the court, I do not have objection if the court places me on more
than 10-day remand. We also want that
the truth be revealed after fair investigation. But on the basis of the statement of Nazruls father-in-law Shahidul, media are publishing false and
fabricated reports against me.
Media have blamed me for the incidents. They are liable for all , he told
the court. l

vate car and pushing them into a white


microbus [HIACE].
The man was hitting those who did
not want to enter the microbus with
the pistol. Later it started for Signboard
area. I saw the incident for two to three
minutes.
Shahidul told the probe body that he
could not figure out the actual number
of RAB men, but it could be six-seven.
He also did not notice the nameplate of
the RAB member he spoke to.
I came to know about the incident
through the media after the bodies
of the seven abduction victims were
recovered. I have become mentally
disturbed since the incident, and was
eager to share it with somebody who
can take action, the businessman said
to justify why he gave deposition in the
case. l

New record in pass rate, GPA 5


PAGE 1 COLUMN 3

Swapan, Tajul Islam, Liton, Jahangir


and Ibrahim.
Police nabbed 21 other suspects so
far.
A large number of people gathered
outside the court as the news spread
that the arrestees would be produced
before it. A huge number of uniformed
police and plainclothesmen were also
deployed there.
Ten minutes before arrival of six vehicles, including three police vans, policemen built two human chains there
to make way for the arrestees.
Three police pickup vans and three
microbuses reached the court premises
around 2:00 pm. Tarek wearing helmet
and bulletproof jacket was sitting inside a pickup vans cabin between two
policemen while Arif was inside another. Four policemen escorting them
were also wearing helmets and bulletproof jackets.
As soon as the law enforcers brought
Tarek, wearing white striped shirt and
Arif wearing orange-colour shirt, locals
chanted slogan demanding their death
sentence.
After 40-minute hearing when they
were being taken back to the vans, the
same situation was created there. Many
of the onlookers recorded video in their
cell phones to grab that moment.
Meanwhile, lawyers staged demonstrations on the court premises as the

industries; continuing tax holiday for


sectors including the agriculture, dairy
and poultry. l

Although many school teachers agreed


with the governments claims, they
also gave a different set of reasons for
the record pass rates and GPA 5 scorers.
Seeking anonymity, several examiners from top-rated schools in the capitals Bailey Road Dhanmondi, and Mirpur areas told the Dhaka Tribune that
they were instructed to check scripts
liberally.
We were asked to check the script
as liberally as we can, said an examiner and teacher of a leading school in the
capital.
However, Fahima Khatun, director
general of the Directorate of Secondary
and Higher Education, denied the allegation.
Normally, if a student has one or two
marks short of the pass marks, we tell
teachers to consider so that the student
does not fail. This is nothing new. It has
always been a norm. No other instruction was given except that, she said.
Dhaka Board Chairperson Taslima
Begum also denied giving any such instruction.
Teachers from the rural areas, on
the other hand, said they were told
that their schools Monthly Pay Order
scheme would be cancelled if a large
number of their students failed in the
SSC exams.
Some teachers and guardians also
claimed that incidents of questions
being leaked might also have given
unscrupulous students a wrongful advantage, contributing to the improved

results.
Prior to the exams of some subjects
this year, their questions allegedly became available on facebook and other
social media sites.
When asked about the allegations of
question leak, the education minister,
however, denied it.
Nurul Islam Nahid handed over the
result to Prime Minister Sheikh Hasina
in the morning, before formally announcing the result at the secretariat in
the afternoon. Students crowded their
respective schools following the formal
announcement.
Rasheda K Choudhury, executive
director of Campaign for Popular Education, also agreed with the governments claim that creative question
papers played the leading role in better
pass rate, adding that school facilities
had also improved.
Among the eight general education
boards, Sylhet Board had the lowest
pass rate of 89.23%, while the highest
pass rate was 96.34% in Rajshahi.
The pass rate was better in general education system than madrasa or
vocational education system. It was
92.67% in general system, 89.25% in
madrasa, and 81.97% in vocational education.
Male students fared better than females; the pass rate among males was
91.84% and 77,551 got GPA 5, while pass
rate among females was 90.81% and
64,725 got GPA 5.
This years examinations were held
between February 9 and March 20. l

DHAKA TRIBUNE

News

Sunday, May 18, 2014

Nurs gang
seized 500
auto-rickshaws
n Ashif Islam Shaon and Ahmed
Zayeef

Further stories of criminal activities


by Nur Hossain were brought to the
attention of an ongoing mass hearing
yesterday, when more victims of the
Narayanganj ward councillors reign
of terror came to give depositions in
connection with the seven murders in
the district.
Owners and drivers of autorickshaws described to the mass
hearing, being held by the governmentformed probe committee, about how
the gang of Nur Hossain the prime
suspect in the gruesome murders
had seized at least 500 battery-run
auto rickshaws from the road ahead of
Pohela Boishakh, and pocketed at least
Tk10,000 for releasing each vehicle.

They took two of mine.


It was very tough for
me to manage the
money. Still I am paying
the interest of the
money
Without the consent of the owners,
the associates of Nur also reportedly
sold the auto-rickshaws that were
comparatively newer than the rest.
Five such victims talked to
the Dhaka Tribune in front of the
Shiddhirganj Power House, where the
mass hearing was taking place.
One of the victims, Jahangir Alom,
said: They seized at least 500 autorickshaws that day from Mouchak,
Shanarpara,
Chittagong
Road,
Shimrail, Shiddhirgonj and Adamji
areas, and gathered them in Shimrail

Eidgah grounds near Nur Hossains


home.
They took two of mine. It was very
tough for me to manage the money.
Still I am paying the interest of the
money, Jahangir claimed.
Md Nazim Uddin, another victim,
said: I bought an auto rickshaw for
Tk45,000 on instalments. Within 10
days, some associates of Nur Hossain
seized it from the Chittagong Road bus
stand.
I went to them with the money but
they gave me another auto rickshaw
which was old. When I told them that
it was not mine, they replied that if I
wanted an auto-rickshaw then I would
have to take it or get lost. I left the place
without the auto-rickshaw.
Md Nasir Uddin, who also testified
before the mass hearing, said: They
took two of my auto-rickshaws. I went
to Yasin Miah, general secretary of
Shiddhirganj Thana Awami League, to
ask for a favour. But he said he could
do nothing. Then I went to them [Nurs
gang] with Tk20,000 and recovered my
auto-rickshaws.
Md Guljar Hossain, another victim,
said: On that day, I was driving my
auto rickshaw. When I was in Mouchak
area, two people hired me to take
them to Shanarpara near Nur Hossains
home. When I reached the place
the two passengers seized my autorickshaw and said if I wanted it back
I would have to pay Tk10,000. After
giving the money the next day, I got my
auto-rickshaw back. But I sold it within
a few days fearing they would seize it
again.
Guljar has now switched his
profession to become a vegetable
trader.
Another of Nurs victims, Alomgir
Hossain said: I had to pay Tk30,000 for
getting back my three auto-rickshaws.
I had to manage the money within a
very short time on high interest. l

CPD: Political
parties deviate
from ideologies
n Mohammad Al-Masum Molla

Rounaq Jahan, distinguished fellow at the Centre for Policy Dialogue, presents her keynote speech on Political Parties and Democracy
in Bangladesh at Brac Centre in the capital yesterday
RAJIB DHAR

Nazruls aide testifies in Narayanganj


n Ashif Islam Shaon and Ahmed
Zayeef

Md Shohidul Islam, a close associate


of slain Narayanganj ward councillor
Nazrul Islam, yesterday said they had
caught a plainclothes RAB member at
the court on April 27 for following Nazrul. But the police released him.
Shohidul told this to the probe
body on the third day of public hearing
held at Shiddhirganj Power Station in
Narayanganj. After giving deposition,
he spoke to reporters. He is also an accused in the case filed over the seven
murders.
The witness said: We were at the
court to give attendance in a case. We
sat on the corridor of the court. At one
point, Tajul Islam [one of the seven
victims] came to me and said a man
wearing pagri and kabuli is following
Nazrul. Then we started to follow that
man.
When we were sure that the per-

Police mum on ex-Navy officer


n Kailash Sarkar

Former official of elite force RAB 11 Lt


Commander SM Masud Rana, who was
dismissed from Bangladesh Navy over
Narayanganj murder allegation, has
gone into hiding apparently taking advantage of delay in executing the High
Courts order for his arrest.
None of the police officials concerned admitted failure in the arrest of
Rana. They also did not make it clear
why they had to wait six days to execute the order.
Accused in the seven murders after
abduction in Narayanganj, former commanding officer of Rab 11 Lt Col Tarek
Sayeed Mohammad and official Maj
Arif Hossain were arrested early yesterday, a week into a High Court order.
The High Court on May 11 directed
the government to arrest the RAB officials alongside asking the elite force
not to interfere in the arrest or investi-

gation. The police on May 12 sent a letter to the Defence Ministry for its opinion and got a reply on May 15. Sources
said the communication was made
only to delay the arrest procedure and
pave way for the accused to flee.
Sources in the Home Ministry, police and intelligence confirmed to the
Dhaka Tribune yesterday that Rana
had gone into hiding.
However, Senior Home Secretary
CQK Mustaq said they suspected
that Rana had escaped officials in Dhaka Cantonment as well as the police.
After the arrest of the two, it seems
that the police could not trace the other
accused, he said. But police will have
to submit their progress report before
the court as well as the ministry.
Mustaq said the Defence Ministry in
response to a letter of the police did not
mention names of the three former RAB
officials, rather just allowed the police
to carry out the criminal procedures.

RAB 11 blamed for another


abduction
n Tribune Report
The family members and friends of an
abducted Awami League activist Mohammad Ismail formed a human chain
in front of the Siddhirganj Power Station
in Narayanganj yesterday, demanding
immediate release of the victim.
The protesters alleged that before the
abduction and murder of seven people
in Narayanganj, the 42-year old victim
was abducted by members of the Rapid
Action Battalion (RAB) 11, who placed a
demand for Tk2 crore as ransom.
Ismails wife Josna Begum said they received a letter demanding Tk2 crore from
the family soon after Ismail went missing.

The letter also mentioned that if she wanted to see her husband again, they have to
pay Tk 2 crore to Lt Col Tarek Sayeed Mohammad, who was the then commanding
officer of RAB 11 in Narayanganj.
Ismail, a contractor by profession
and resident of Kanchpur area, has
been missing since February 7.
Josna further claimed that they had
managed Tk1 crore for the ransom, but
Tarek refused to accept that amount.
He [Tarek] was pressuring us to
pay the full amount, she added.
She also claimed that they did not
approach other law enforcement agencies or the media in this regard followings threats from RAB members. l

When contacted, Khandakar Mahid Uddin, superintendent of police in


Narayanganj, said: As we have arrested two among the three former RAB
officials, we also want to arrest the
other. We have been giving our highest
efforts to this end.
About the arrest procedure, he said:
We have many other responsibilities
as well as some limitations. Therefore,
we have to work keeping a balance
with both the things.
He, however, did not explain why
and how the former Navy personnel
had gone missing.
Talking to the Dhaka Tribune, Inspector General of Police Hassan Mahmood Khandker said the police had to
take six days to complete some formalities and legal procedures. He did not
elaborate the issues.
When asked about the arrest of Rana,
the IGP said everything was going on as
per the High Court directives. l

Inflation rate
targeted at 6%
n Asif Showkat Kallol
The government is planning to place
an ambitious budget, possibly of
Tk2,49,000 crore for the next fiscal
year, focusing on investment with a
target of 6% inflation rate.
The next fiscal years GDP growth
has been targeted at 7.3%.
Finance Minister AMA Muhith yesterday at a meeting presented the
broad outline of the next years macro-economic target and budget outlay
to the Prime Minister Sheikh Hasina,
said a number of senior oficers who attended the meeting.
The finance minister will place the
budget onJune 5in the Jatiya Sangsad.
Sources at the meeting said the
prime minister asked the finance minister to prepare the budget in such a
people-friendly way that media and
political parties cannot not make any
negative criticism on it.
The meeting also planned to reduce
the bank borrowing. The outgoing year
saw a bank borrowing of Tk30,000
crore . The government wants to bring
it down to Tk27,000 crore in the next
fiscal year.
Muhith told the meeting that he was
planning to keep the budget deficit
within 5% of the GDP.
The total amount of budget deficit
will cross Tk66,000 crore. l

son was following Nazrul, we grabbed


his hand and stopped him. He had a
pistol on his waist.

We will record
depositions of everyone
we need. We will also
take depositions of
the RAB members, if
needed
As we took him outside, the court
police took him from us and talked to
him. At that time, another RAB member with long beard came and spoke
to the police members. The man was
released subsequently, Shohidul said.
When we asked the police why
they had released him, they said the
man was a RAB special force member,
the witness claimed.

Like Shohidul, several hundred


people gathered at the power station
to testify on the incident. The seven-member investigation body started
to record depositions around 10am.
Jafor, who was registering names of
witnesses, told the Dhaka tribune last
night: A total of 314 people have registered their names so far to give deposition in the case. Of them, 198 people,
mostly neighbours and relatives of the
victims, submitted their depositions
before the probe body by 5pm [yesterday].
Shahjahan Hossain Molla, head of
the investigation team, told reporters:
We will record depositions of the civil
society members from 3pm tomorrow
[today] and of the rest who have registered their names today [yesterday].
Replying to a query, member of the
probe body Mustafizur Rahman said:
We will record depositions of everyone we need. We will also take depositions of the RAB members, if needed. l

Speakers at a discussion yesterday


stressed the need for democratic practice and transparency within political
parties to establish mutual respect and
good governance.
We are concerned about the political parties, Rounaq Jahan, a political
watcher, said while presenting a keynote
paper at a dialogue on Political Parties
and Democracy in Bangladesh, organised by the Centre for Policy Dialogue in
the capital. Rehman Sobhan, chairman
of the CPD, chaired the programme.
Citing the many positive contributions of political parties, the professor
observed that whenever a party comes
to power through elections, the system
of democratic governance fumbles.
They could not do much in establishing democracy, she said.
Regarding the challenges faced by
the political parties, she said they were
losing touch with the ordinary people
and increasingly becoming dependent
on people with money and muscle.
Commerce Minister Tofail Ahmed
described how the countrys political
culture and practices had gradually
changed over the years.
Recalling how he had become a party leader through a long process, the
veteran Awami League politician said
politics was no longer in the hands of
the politicians and the parties had deviated from their ideologies.
We lost our political culture; we
have to work on it to improve the situation, Tofail said.
Moudud Ahmed, a standing committee member of the BNP, said immorality and falsehood were dominating
politics, and proper leadership and
changes in attitude were needed to establish democracy.
Imtiaz Ahmed, professor of international relations at University of Dhaka,
said two types of nexuses were creating problems for democracy and politics and they needed to be broken up.
One is a nexus between bureaucracy, business and politics. Another nexus, what I call A, B, C A and B stand
for Awami League and BNP and C is
cantonment. l

DHAKA TRIBUNE

News

Sunday, May 18, 2014

Manpower shortage
restrains progress
in health sector
Writ petitions delay recruitment
in over 10,000 posts
posts, the director said.
n Moniruzzman Uzzal
On the other hand, several senior
The countrys health sector continues
to suffer setbacks as over 23,000 posts
remain vacant, while the recruitment
process continues to be delayed as
disgruntled candidates are filing writs
accusing rampant corruption and nepotism in the process.
According to the Directorate General
of Health Services (DGHS), 23,127 out of
the total 100,501 regular posts are currently vacant in different health establishments.
Although separate processes for recruiting over 10,000 health officials
including doctors, technologists, third
and fourth class employees began
more than a year ago, the process was
yet to be completed.
The entire recruitment process has
reportedly been plagued with a flood
of recommendations from cabinet
members, top bureaucrats, politicians
and leaders of doctors organisations.
The initiative to fill the empty posts
had also created opportunities for an
unscrupulous section of officials to
pocket large amounts of cash from job
seekers.
Asked about the large number of
existing vacancies, DGHS Director (administration) Dr Md Shah Newaz told
the Dhaka Tribune that even though
the official figures put the number of
vacancies at more than 23,000, the
process of recruiting 10,000 health officials was ongoing.
According to the existing rules, at
least 10% of the total available posts
have to be kept vacant as reserved

health sector officials, seeking anonymity, said authorities were unable


to move forward with the recruitment
process because of different writs and
cases being filed on charges of rules-violation and corruption.
A writ petition had reportedly
caused delay in the recruitment of 915
posts for third and fourth class employees in nine districts, for which over
60,000 candidates appeared in written tests in April last year. The Health
Ministry is now going for a fresh recruitment process after the ruling went
against the government.
Following a different writ, the recruitment process of 1,057 medical
technologists which began around six
months ago has been left hanging.
The DGHS was defeated in a writ petition that challenged the recruitment of
177 third and fourth class employees in
Sirajganj more than two years ago. The
Health Ministry has reportedly decided
to fight the ruling at the court again.
The recruitment of 1,808 third and
fourth class employees in 25 districts
resumed a few months ago, following
the dismissal of a writ that had delayed
the process for long.
The pressure of manpower shortage
is expected to be lessened once the recruitment of 6,221 doctors through the
33rd BCS exam is completed.
Sources said the DGHS has also received permission to recruit 186 third
and fourth class employees in five district sadar and district hospitals. But the
advertisement was yet to be served. l

Residents of Uttara hold a demostration in front of the National Press Club yesterday, demanding exemplary punishment for the killers of Sharmin Akter Sumi

No climate fund to support fossil fuels, activists warn


n Tribune Report

harmful energy through the Green Climate Fund is fundamentally in conflict


with what people around the world
over are demanding, what the mandate
of the founding document of Green Climate Fund actually says, and with climate science and common sense, Asad
Rehman, head of International Climate
at Friends of the Earth EWNI, said.
In the context of sustainable development, the Fund will promote the
paradigm shift towards low-emission
and climate-resilient development
pathways by providing support to developing countries to limit or reduce
their greenhouse gas emissions and to
adapt to the impacts of climate change,
taking into account the needs of those
developing countries particularly vulnerable to the adverse effects of climate change. l

Civil society observers of the United


Nations Green Climate Fund noted
with alarm that like other international financial institutions, the GCF may
rationalise funding climate-polluting
projects because of lower carbon energy or because they switch to lower
emissions fuels rather than truly sustainable options.
More than 250 organisations, movements and communities from developing countries have called on the UN
to ban the use of its funds for fossil fuel
and other harmful energy projects and
programmes as its seventh board meeting begins in Songdo, Republic of Korea
today. The meeting will continue until
May 21. The preparatory meetings of the
Board and informal consultations among

Speakers at the concluding session of the two-day Bengal Lights Literary Conclave yesterday

DHAKA TRIBUNE

Literary conclave concludes at ULAB


The two-day international event titled
Bengal Lights Literary Conclave ended
on the main campus of University of Liberal Arts Bangladesh (ULAB) yesterday.
The ULAB arranged the programme.
The conclave brought a distinguished
panel of writers, scholars and critics
from around the world to explore this
years theme, Beyond Identity Narratives: Defining a New World Fiction.
On the final day, three panel-discussion boards concentrated on different
aspects of the theme.
The first panel, exploring New
Lines, New Letters, was moderated
by Maya Jaggi, critic for UKs Guardian
Review, with Indian author Chandra-

has Choudhury, British poet Alev Adil


and Nick Richardson, an editor for the
London Review of Books, as panellists.
The second panel scrutinized
Post-post-colonials, with poet Ahsan Akbar moderating, and author Farrukh Dhondy, poet Sadaf Saaz and Nick
Richardson as panellists.
The last panel, moderated by Bengal
Lights publisher and author of The World
in My Hands Kazi Anis Ahmed, explored
The Speculative Sphere of Fiction,
with panellists Chandrahas Choudhury,
Maya Jaggi and eminent writer and
scholar Syed Manzoorul Islam.
Authors Chandrahas Choudhury,
Maria Chaudhuri, and Syed Manzoorul
Islamalso read from their works during
the last day of the conclave.

The two-day event was attended by


300 guests while more than 250 people watched the live webcast at http://
litcon.bengallights.com.
The conclave is a first-of-its kind
event in Bangladesh aiming to capture
the essence of the conclaves discussions in essays to be later published
in the Bengal Lights journal as well as
partner publications.

Bengal Lights

Bengal Lights is a semi-annual literary


journal founded in 2012 at ULAB, which
already made literary circles in the region.
Bengal Lights later established its
own imprint, Bengal Lights Books
(BLB), to promote quality writing from
Bangladesh. l

registered observers were held yesterday.


Formally launched in 2010, the GCF
is under pressure to open for business
in 2015.
The 19th session of the Conference
of Parties (COP) finalised the structure
and functions of the GCF in Warsaw,
Poland last year. But there had been
no money in the Fund which would
support projects and other activities in
developing nations to adapt with the
adverse impact of climate change and
promote renewable energy. After 2020,
the developed countries are pledgebound to release $100bn every year.
To use climate funds to finance fossil fuel and other harmful energy projects is totally unacceptable, said Lidy
Nacpil, coordinator of Jubilee South
Asia/Pacific Movement on Debt and
Development a member of the Global

Campaign to Demand Climate Justice


that helped coordinate worldwide response.
We are organisations, movements
and communities from developing
countries whose citizens bear the brunt
of the most harmful consequences
of climate change. All efforts must be
made to ensure that climate finance is
provided adequately, allocated equitably and used effectively, Nacpil said,
according to a press release.
For the Green Climate Fund to have
transformational impact, as it says it
wants, it should not promote business-as-usual energy solutions. It has
to step away from the failed corporate
model of energy services and open up
real, people-controlled, community
power solutions, Nacpil concluded.
Financing any fossil fuels and

Facebook urged
to open office
in Bangladesh
n Muhammad Zahidul Islam

n Tribune Report

Last phase upazila


election tomorrow

Facebook authorities have been urged to


set up a research, development and training centre in Bangladesh at the US-Bangladesh Tech Investment Summit 2014. A
Bangladeshi delegation, led by the State
Minister for Information and Communication Technology, proposed the idea.
Shameem Ahsan, president of Bangladesh Association of Software and
Information Services posted a message
on Facebook on Friday (Bangladesh
time Saturday) following a meeting
with the social media giant authorities at the companys headquarters in
Silicon Valley. The delegation was led
by State Minister for Information and
Communication Technology Division
Zunaid Ahmed Palak. BASIS Secretary
General Russell T Ahmed and several
others attended the meeting.
Fruitful meeting with Facebook
Senior Directors at their Head Quarter
and urged them to set up Research &
Development and Training center in
Bangladesh for our youth! the post
read.
Similar posts containing pictures
were also shared by Palak and Russell
on their Facebook profiles.
According to a release yesterday,
Bangladesh Computer Samity (BCS)
said, the Bangladesh Delegation also demanded Facebook with Bangla language
in addition to establishing a regional office here in Dhaka. BASIS president Shameem Ahsan and BCS president AHM
Mahfuzul Arif placed the demand from
Bangladeshi delegation.
In the meeting, state minister Zunaid Ahmed Palak said, currently Bangladesh has around 35 million internet
users which will increase to around 100
million by 2021 so it will be more lucrative for Facebook authority to establish
office in Bangladesh. l

Canadian International school helping poor children


n Tribune Report
Canadian International School has extended its activities to help the underprivileged children in Dhaka city.
Its senior students will teach the
poverty-stricken children in its evening
school programme scheduled to begin
this year, according to a press release
yesterday.
On this purpose, a group of ten students and two teachers from the United
World College South East Asia, Singapore paid a visit to the Canadian International School.
They hope to maintain a close work-

ing relationship with the Canadian In-

SYED ZAKIR HOSSAIN

ternational school students, with the

goal of participating in a meaningful


way in a service project that will provide
some long term benefits to some of the
young and vulnerable youths in the city.
Along with the Canadian International School students, they later
visited Jaago Foundation, Brac and
Gazipur Shishu Polli Plus. They closely observed how the organisations are
helping poor children through educating them, and spent quality time with
them by painting, teaching and playing.
Canadian International School Principal Frank Marisco said students of his
school have a responsibility to help the
less fortunate in the society. l

n Mohammad Zakaria
The last and sixth phase election to 13
Upazila Parishads will be held tomorrow amid fears of rigging and attacks at
polling centres.
The campaign was wrapped up
yesterday midnight and movement of
all types of vehicles will be restricted
from today.
A total of 196 candidates, including
rebels, from Awami League and BNP,
Jamaat-e-Islami and Jatiya Party are
contesting the elections.
Of them, 69 chairman candidates,
75 vice chairman aspirants and 52
women vice chairman hopefuls.
Election Commissioner Abdul Mobarak said yesterday they have taken
all-out preparations for holding the

elections smoothly. The returning officers have also been asked to deploy
an increased number of lawmen at the
vulnerable polling centres.
The polling will be postponed at the
centres immediately after untoward
incidents take place there, he said.
Allegations of aiding and abetting
the ruling party candidates in winning
the elections have been submitted to
the Election Commission against local
administrations.
Officials at the Election Commission
say mainly BNP candidates came up
with such allegations.
Violence, rigging, snatching of ballot papers had also taken place in the
last phases of the elections, despite the
Election Commissions strong warning
against such unpleasant acts. l

Advertisement

Milestone College achieved


4th place in Dhaka board
Milestone College achieved 4th place
in SSC examination in Dhaka board.
In this year total of 908 students
(Bangla medium and English version)
appeared SSC examination from
Milestone college and 866 students
have scored GPA-5 and 42 students
have got A grade. GPA-5 got 95.37%.
Total of 613 students appeared from
science group and 605 students have
scored GPA-5 and 8 students scored
A grade. Total of 295 students appeared from commerce group and
261 students have scored GPA-5 and
34 students scored A grade.

Principal of Milestone college


Prof Md Shahidul Islam and Vice
principal L. Colonel M Kamaluddin
Bhuiyan (Retd) said, Milestone is
committed to ensure quality education that can help a student be an
ideal person, create humane character, see dream and implement
the dream. They are said, sincerity
of the teachers as well as students
and guardians was behind the highest success rate. They are also Said,
Milestone ensures the optimum use
of its resources to facilitate academic excellence.

DHAKA TRIBUNE

News

Sunday, May 18, 2014

Dhanmondi childrens park awaits public opening 18 Jamaat-Shibir


men held in
Chittagong

n Abu Hayat Mahmud


Russel Sishutosh Angan, a mini
childrens
park
in
the
citys
Dhanmondi lakeshore area, has not
been opened to public even after
completion of construction as the
authorities concerned are considering
privatisation of it.
Antisocial activities have become
commonplace in the park area as people prefer not to visit either side of the
lake when the sun sets, said locals and
army officials who implemented beautification work of the lake.
Seeking anonymity, an official of
the 16 Engineering Construction Battalion of Bangladesh Army said beautification of Dhanmondi Lake had completed almost a month ago.
He said they had already asked
Dhaka South City Corporation (DSCC)
officials to reestablish authority on the
lake.
However, the city corporation authorities are delaying to take back responsibility of the lake, he added.
DSCC authorities have been trying
to lease the park to a private company
for maintenance since the parks inauguration, said the army official, adding: Everyone should pay to enter the
park erected on eastern part of Dhanmondi Lake.
He alleged many objects were stolen during and after the beautification
process.
Water taps, a big water tank of
public toilet, beautification lamps and
some parts of those have been stolen
twice from the lake area but the security guards are turning a blind eye to
this, he said.
We stay at the site from morning to evening but miscreants usually
steal the objects at night. Some guards
might be involved in this, he added.
The army officer said the lakeshore
areas, meant for recreation of the general people, had become a sanctuary
for sex workers and drug addicts at
night.
Residents of Dhanmondi also said
the lake is virtually ruled by drug addicts and peddlers, floating sex workers, brokers and clients at night.
Imtiaz Ahmed, a local resident,
said: Sex workers operate in the lake
area when night descends. The security guards take money from them regularly and help them carry on with their
acts.

BSF held Bangladeshi


national

n BSS

Indian Border Security Force (BSF) arrested a Bangladeshi national named Mohammad Hossain, 12, from Jogdol border
under Ranisankail upazila here yesterday.
Intelligence Officer of BGB-30 Major
Towhid said a petrol team of BSF-121
from Tingaon camp arrested Mohammad for lack of valid documents at 7 am
while he was returning back to Bangladesh from India.
The BGB personnel sent a letter to
BSF asking to arrange Company Commander level flag meeting to return the
Bangladeshi national. l

WEATHER

PARTLY
CLOUDY
SUNDAY, MAY 18
DHAKA
TODAY
TOMORROW
SUN SETS 6:35PM
SUN RISES 5:15AM
FORECAST FOR TODAY
Dhaka

39

28

Chittagong

34

27

Rajshahi

43

29

Rangpur

39

26

Khulna

40

26

Barisal

38

27

Sylhet

38

24

Coxs Bazar

34

27

YESTERDAYS HIGH AND LOW

42.2C
Jessore

20.8C
Teknaf

Source: Accuweather/UNB

PRAYER TIMES
Fajar
Sunrise
Zohr
Asr
Magrib
Esha

3:51am
5:15am
11:55am
3:18pm
6:35pm
7:59pm
Source: IslamicFinder.org

n Tarek Mahmud, Chittagong


Police in special drive yesterday arrested 30 people, including 18 activists of
Jamaat-e-Islami and its student front
Islami Chhatra Shibir, from different
areas in Satkania and Lohagara upazilas of Chittagong.
Of the arrestees, 12 were accused in
different cases lodged with Satkania
and Lohagara police stations.
AKM Emran Bhuiyan, assistant superintendent of police of Satkania circle, said acting on a tip-off, they picked
up 18 people, including six Jamaat-Shibir men, from different areas in Satkania upazila.
Meanwhile, 12 other Jamaat-Shibir
men were arrested from nine unions in
Lohagara upazila, he said, adding that the
arrestees were produced before the court.
The police officer said their special
drive would continue. The law enforcement agencies in separate drives nabbed
a total of 135 Jamaat-Shibir activists from
the city and district in last 17 days.
The arrested were allegedly involved
with the violence in the upazilas before
and after the January 5 national election, police said, adding that they were
also planning further sabotage in the
areas ahead of the conviction of Delwar
Hossain Sayedee. l

Mayor Jhantu:
RCC to stand by
distressed people
n BSS
DSCC yet to open Dhanmondi childrens park to public despite completion of construction
Another local resident Fahim
echoed the same view, saying: Sometimes when I walk in the lake area at
night on my way back to home, I see
antisocial activities here and there is
also the fear of being hijacked.
Security guards in the area, however, refused to talk about this issue.
DSCC Chief Executive Officer Mohammad Ansar Ali Khan told the Dhaka Tribune that they would take back
the full control of the lake from the
army soon.
The project is still under army
maintenance. We will be responsible

about the criminal activities in the


area when we establish our authority,
he said.
Speaking of privatisation of the
childrens park, Ansar Ali said: We are
trying to lease this to a private firm to
ensure proper maintenance.
The park is to be opened to public immediately and Prime Minister
Sheikh Hasina will inaugurate it, he
added.
Meanwhile, army officials said under the beautification project, they
had set up an orchid garden, the park
beside the Kalabagan playground, and

ABU HAYAT MAHMUD

also planted almost 50,000 trees along


the lakeshore.
The project also included construction of a two-kilometre walkway, a
1.5-kilometre drainage system, footbridges on Kalabagan and Dhanomndi Road 8, installation of 10 drinking
water points and construction of four
public toilets.
In 2011, the government took on the
development project covering approximately 39.2 hectares of land of the lake
area from Dhanmondi Road 32 to Road
6 in order to give a facelift to the green-

ery and make the area more attractive


to a wider range of city dwellers.
The initiative was undertaken by
the Local Government Division and
the DSCC.
Ninety percent of the funding for
the Tk245.3m project came from the
LGD, with the rest coming from the
city corporation.
The project was given to the 16 Engineering Construction Battalion under the Special Works Organisation of
the Bangladesh Army for implementation while Vitti Sthapati Brindo worked
as the projects consultant. l

Mayor of Rangpur City Corporation


(RCC) Sharfuddin Ahmed Jhantu yesterday said RCC will always stand beside
the distressed people to assist in overcoming losses from natural disasters.
He said this while distributing Taka
30,000 among two fire-incident victim families as grants at a ceremony
arranged in Chak Eshobpur area in the
city as the chief guest.
The mayor extended the financial
assistance to the two victim families to
recoup the losses as their all properties
were gutted into ashes in a devastating
fire that broke out on Friday last.
RCC Councilor Sultan Mahmud Pramanik of Ward No-12 presided over the
ceremony attended by the local people
and elite. l

Alleged drug peddler dies in


police custody

World Telecommunication
Day observed

n Our Correspondent, Rajshahi

World Telecommunication and Information Society Day (WTISD)-2014 was


observed yesterday in the country as
elsewhere in the globe with the theme
Broadband for Sustainable Development.
To mark the day, the ministry of
posts, telecommunications and information technology and its affiliated organizations chalked out various
programmes including online essay
competition, prize giving ceremony,
discussion meeting and colorful rally.
This year the government chose
Khulna division for central programmes to observe the day. Earlier
the central programmes were taken in
Chittagong division.
Posts, Telecommunications and Information Technology Ministry in association with the Khulna district administration organized day-long programmes
in Khulna city to observe the day.
Inaugurating the days programmes
in a city hotel, Posts, Telecommuni-

An alleged drug dealer died in police


custody early yesterday in Rajshahi
Boalia Metropolitan police station.
Family members of the arrestee,
Ruhul Amin, claimed that he was killed
by the police as they refused to pay
the bribe for his release the police had
demanded. However, police claimed
Ruhul had committed suicide.
According to witnesses, Ruhul was
arrested by a team of Boalia police
around 5:30pm on Friday from Vadra
rail-crossing area of the city.
He was beaten on the spot by the
police and later taken to the police station.
When asked about the arrest, police
said he was a local drug dealer and 250
grams of marijuana (ganja) was found
in his possession.
Around 12:30am yesterday, police
informed reporters that an arrestee
had committed suicide in custody by

strangulating himself with a yarn of a


blanket. But no blanket was found in
the cell when the police station was
visited.

A three-member
probe body has been
formed to investigate
the matter and would
be headed by Deputy
Commissioner Proloy
Chichim
Family members of Ruhul claimed that
the police had demanded Tk10,000
from them for his release. Rafikul Islam
said his brother was killed because
they had refused to pay the amount. He
claimed that his brother had protested
drug vending in the locality and for
that reason Ruhul developed bitter

relations with local drug vendors.


Rafikul said the vendors had paid
the police to kill his brother.
The allegations brought by the family were however denied by police.
Officer-in-Charge Sayedur Rahman of
Boalia police station claimed the arrestee had killed himself.
Meanwhile the family members
submitted a complaint to the commissioner of Rajshahi Metropolitan Police,
demanding punishment of the officers
who were involved with the alleged
murder.
RMP Commissioner Mahbubur
Rahman said: A three-member probe
body has been formed to investigate
the matter and would be headed by
Deputy Commissioner Proloy Chichim.
Proloy Chichim said a probe report
would be submitted within seven days.
The body was sent to Rajshahi Medical
College Hospital morgue for post mortem examination. l

n BSS

cations and Information Technology


Minister Abdul Latif Siddique, MP, said
the government is giving utmost priority to the development of telecom and
ICT sectors to ensure free flow of information for building a knowledge-based
democratic society.
Telecommunication and ICT have
now become one of the main tools of
socio-economic development globally, he said.
The minister also urged the businessmen to invest in the countrys ICT
sector to make successful the campaign
for building a Digital Bangladesh by
2021 as well as turning Bangladesh into
a developed country by 2041.
He hoped proper implementation
of the Vision-2021 announced by the
government will play a significant role
in strengthening the countrys economy.
Latif said the government has formulated the ICT Act and ICT policy in
2009 declaring the information technology as the thrust sector to achieve
its electoral pledge to build the Digital
Bangladesh. l

MV Bangali to be
fixed soon
n Abu Hayat Mahmud
MV Bangali, the first passenger
steamer made in Bangladesh, will
soon go under repair, officials of
Bangladesh Inland Water Transport
Corporation (BIWTC) told the Dhaka
Tribune.
The steamer, which made its
maiden voyage on April 10 this year,
was put out of service on April 27 due
to structural problems reported by
passengers.
Mojibor Rahman, chairman of BIWTC, said many passengers had complained about the lack of facilities in
the steamer.
Passengers travelling with second-class tickets complained about
congested accommodation. There
are other structural problems in the
steamer too. That is why we withdrew

it from service, he said.


Other structural problems in MV
Bangali include narrow balcony space
and lack of outside view from the cabins, according to BIWTC officials.
Taking the complaints into consideration, the Shipping Ministry decided
to change parts of the steamers design, the said.
Mojibor said the repair work would
start in a couple days in Narayanganj.
Hopefully we will be able to get the
steamer back on water in a week, he
added.
The steamer, which was launched
on the Dhaka-Barisal route, was built
by Western Marines and cost Tk26.8
crore.
It is 75.5-metre long and 12.5-metre
wide with passenger capacity of 750
and cargo capacity of 100 tonnes, according to BIWTC. l

MV Bangali, the first passenger steamer made in Bangladesh, which started its journey on April 10, will go under repair as it has been put
out of service due to structural problems
SYED ZAKIR HOSSAIN

DHAKA TRIBUNE

Nation

Sunday, May 18, 2014

Indigenous species of fish face extinction


n Our Correspondent, Netrokona
Many indigenous species of fish are
on the verge of extinction in the natural water bodies of Netrokona district
due to various reasons including widespread use of pesticides and chemical
fertilizers in the cropland and adverse
impact of climate change.
According to local sources, the local
water-bodies like rivers, lake, canals
and the swamps have been affected
by the toxins of the pesticides and
chemical fertilizers harming the ideal
environment for the aquatic life in the
district.
Elderly people and fishermen in the
district said the native fishes were in
abundance in all the rivers including

Sumeswari, Kangso, Dhano and Mogra


and in Mohonganj, Halizuri and Modan
haors, canals, beels and other natural
water-bodies.
All the water-bodies were full of different varieties of fishes like Mohashoal, Ruhi, Katla, Chitol, Khoi, Shorputi, Gozar, Ayir, Bowal, Taki, Golsey,
Talapia, Baim, Bedory, Kholsey, Kaikkia and Tengra.
The district was known as granary
and fish resourceful are of the country,
but now facing an acute shortage of indigenous fishes.
These fishes were even used to be
supplied to many places of the country
including capital city Dhaka after fulfilling the needs of the district.
Even huge quantities of these fishes

remained surplus in the down-stream


areas and were stored in all the houses
there after drying.
But, in course of time, the scenario
changed and the district lost its past
glory as a "fish-rich" area as all the traditional fishes including the Mohashoal
fish have now disappeared from the
natural open water bodies.
Many old-aged fishermen and local
people said they could catch the native fishes by casting simple nets from
the river Sumeswari, Kangso , Dhano,
Mogra and all the natural water bodies
including haors, canals and beels.
But, now a days, not a single Ayir,
Gozar, Kholsey, Talapia, Vedory, Chitol, and other native fishes would be
found easily in the rivers, canals and

other natural water bodies by putting a


branch of tree or casting a simple net",
they lamented.
Sources of district fishery department said the production of the native
fishes in the natural open water bodies
had come down due to many reasons
including unprecedented fall of waterlevels in the rivers and others water
bodies.
Besides, catching of fish-fries and
pollution of waters in the water-bodies
due to excessive use of fertilizers in the
crop fields, they said.
Many fishermen are now earning
their living by pulling rickshaw or doing other toiling work.
Fisherman Jasim said: Catch of fish
is not satisfactory nowadays. It has

become hard for me to lead my family with the money I earn from sale of
the fish caught in the river. Despite the
situation, I go to river for fishing as I do
not have any other sources of income.
Another fisherman Srikantha said:
Catch of fish is not satisfactory nowadays. It has become hard for me to lead
my family with the money I earn from
sale of the fish caught in the river. Despite the situation, I go to river for fishing as I do not have any other sources
of income.
District fishery officer Nurul Islam
said that the government had taken a
package of programme entitled "Pisciculture and fish management programme" in the haor areas for increasing production of the native fishes. l

Girl killed after rape


n Our Correspondent, Kishoreganj
A 4-year-old girl was killed after rape at
Gaital area in Kishoreganj on Saturday
night.
Police arrested Shah Alam in
Kashurarchar area during a raid in connection with the incident.
Police and witness said Shah Alam
kidnapped the girl while sleeping at
around 11.30pm. Later, locals found
her body near a mosque in Gaital area.
Kishoreganj Police Super Anwar Hossain Khan said: Upon receiving information, police rushed to the spot and
arrested Shah Alam conducting a raid in
the area.
Shah Alam admitted about the rape
in primary interrogation, he added.
Nayan Mia, father of the child, filed
a case against Shah Alam in this connection. l

10, including OC, SI,


injured in Gazipur clash
n Our Correspondent, Gazipur
At least ten people, including two police officials, were injured in sporadic
clashes between supporters of a local
AL leader and a suspended AL leader
over establishing supremacy in Puratan
bus stand area of Kapasia upazila here
yesterday.

Around 1:00pm, police


arrested Arif and his
nine followers from
the market
The policemen are Kapasia police station Officer-in-Charge (OC) Ahsan Ullah
and Sub-Inspector (SI) M Abu Siddique.
Both of them were given first aid, said
Kapasia circle Assistant Superintendent
of Police (ASP) Shahriar Al-Mamun.
Witnesses said Anisur Rahman Arif,
who was recently suspended from the
general secretary post of Kapasia upazila
unit AL for running in the fray of upazila
vice chairman election defying party
decision, took out a procession around
10:30am from Kapasia Bazar marking
the homecoming day of Prime Minister
and Awami League chief Sheikh Hasina.
Later, they held a rally in front of

Three UPDF men


held with firearms
n Our Correspondent,
Khagrachhari

A team of joint forces arrested three


United Peoples Democratic Front
(UPDF) men early yesterday in Moratila
area of Khagrachharis Panchhari upazila with firearms.
The three UPDF men were identified
as Surendra Tripura, 27, son of Nobo
Kumar Tripura, Mohendra Tripura, 32,
son of Milon Bhusan Tripura both from
Moratila and Sunil Tripura alias Katang
36, son of Sukendra Tripura of Sorendra
Headman Para of Matiranga upazila.
Officer-in-Charge Abdus Samad Moral
of Panchhari police station said the team
of joint forces led by Maj Mehedi Hasan
of Khagrachhari Sadar Army Zone made
the arrests acting on a tip-off. The team
had conducted the drive at Moratila area
around 4am and arrested the UPDF trio
with one pistol, one point 22 (.22) bore
rifle and one SLR-AK 22 pistol, 50 rounds
of bullet, two cartridges, two cell phones
and many subscription books.
In the primary interrogation, the
three arrestees admitted that they were
UPDF activists and was engaged in toll
collection activities in the areas.
The OC said a case was being processed in this connection. l

Arifs office at Bhuiyan Market Goli of


the Bazar.
Being informed of it, a group, led by
Kapasia upazila unit president Mohammad Shahidulla and the units Jubo
League president Shakawat Hossain
Prodhan, went to Arifs office and a
brawl ensued there.
They also vandalised about seven
motorcycles parked there, prompting
Arifs supporters to retaliate. Shakawat
was injured in the reprisal attack.
Meanwhile, Shahidullas supporters,
equipped with local weapons, chased
Arifs followers to the bus stand area
where a clash ensued between them, in
which at least eight people were injured.
On information, Kapasia police
rushed to the scene and the OC and SI
were injured while bringing the situation under control.
Around 1:00pm, police arrested Arif
and his nine followers from the market.
During the clash, some front-side
glass sheets of the nearby branch of
Southeast Bank were also vandalised,
said Muhibur Rahman, vice president
of the bank.
Kapasia Circle ASP Shahriar blamed
Arif for the clash.
In this regard, Arif said his opponent
group swooped on his peaceful rally
without any provocation. l

Udichi Shilpi Gosthi Narayanganj district unit arranges a rally yesterday in front of the deputy commissioners office demanding immediate arrest of the killers of seven persons
including advocate Chandan Sarker
MAHMUD HOSSAIN OPU

60,000 fishermen take life risks


everyday in Lakshmipur
n Our Correspondent, Lakshmipur
Around 60,000 fishermen have been
fishing in the Meghna river, taking the
risk of being caught unawares in the
rough weather in the absence of a functional weather office in Lakshmipur.
Even though a weather office was
set up at the districts Ramgati upazila six years ago, it has yet not been
brought into operation.
Since this office has not been
opened, the fishermen still have to go
fishing in the river by observing formation of clouds in the sky.
Their weather guess often goes
wrong, leaving them to be caught unawares in the rough weather.

Earlier on Thursday, they were taken by a storm completely unawares,


when at least 50 boats had sunken in
the river while fishermen managed to
swim to safety.
According to the local fisheries department, the weather forecasting
office was set up in 2008 by the government upon the fishermens longstanding demand. The government
had spent Tk 1 crore while building this
office on one and a half acres of land at
Char Sekander of the upazila.
A storm-hit boatman and fisherman says, These boats would not have
been sunken in the river if the weather
office was brought into operation soon
after it was set up here.

Despite the weather office having


been set up here, we have to go fishing by observing, moon, stars, after all
clouds, in the sky. What is the use of
setting up the weather office here if it is
not brought into operation, he asked,
venting anger on the authority for not
opening the weather office.
The fishermen are incurring loss
due to natural calamities in the absence
of a functional weather forecasting office, says Char Kalkini Union Parishad
Chairman Saif Ullah.
They are fishing everyday at the
risk of their lives, he said and urged
the relevant authorities to bring into
operation the office on an urgent basis.
Relief and Rehabilitation Officer

at Lakshmipur Arunendra Kishore


Chakrabarty says, We have to look to
the Dhaka weather office. We would
not have to do so if it was opened.
As far as I know the equipment allocated for this office has been gathering dust at its Dhaka office. Besides, no
manpower has yet been appointed for
this office here, he says.
We often write to the higher authorities about this, but have not yet
got any positive answer about this.
Lakshmipur Deputy Commissioner
AKM Tipu Sultan says, I do not know
why it has not yet been opened, but I
will try to open it by contacting the
higher authorities as soon as it is possible. l

Three rice mill workers were killed in a


boiler explosion in Dhara Bazar area of
Mymensinghs Haluaghat upazila early
yesterday.
The dead were identified as Sultan,
29, Hazrat, 30, and Alam, 28. They were
all residents of Mukimpur Village of
Dhara Bazar area, according to police.
Officer-in-Charge Jakiur Rahman of
Haluaghat police station said a total
of six workers of Aziz Rice Mill were
injured after a boiler had exploded
around 6:30am during heating. He
said: They had sustained burn injuries
in the blast and five of the injured were
admitted to Mymensingh Medical College Hospital where three of them were
declared dead.
The injured Rahmat, 40 and Razzak,
38 were undergoing treatment at the
hospital, the OC added. l

Kidnapped boy rescued; 1 held


n Our Correspondent, Pirojpur
Police rescued a boy in Sadar upazila of
Bagerhat district Saturday 6 hours after
his kidnap from Pirojpur on Friday.
The rescued boy is Rashedul Islam,
15, a Secondary School Certificate examinee and son of Dulal Mia of Shikarpara area in Pirojpur town.
Sources said miscreants had picked up
Rashed from a bridge near Janata Cinema
Hall in the town at 6pm. Later the kidnappers demanded Tk5 lakh as ransom

RAB arrests cheat


in Rangpur
n BSS
Rapid Action Battalion (RAB) arrested a
man, who had been engaged in cheating the common people, from Kamal
Kachhna area in the city yesterday,
RAB sources said.
The arrested person is Feroz Kabir,
42, son of Tayebur Rahman of village
Chhotopoya under Chatra union in Pirganj upazila of the district.
A special squad of the Crime Prevention Special Company of RAB-13 led by
Lt Commander Motaher Hossain conducted a sudden raid in Kamal Kachhna area here and arrested the person
red- handed while cheating the common people at 3:50 pm.
Later, the arrested person was
brought to the RAB-13 Battalion headquarters in the city for primary interrogation. l

3 workers killed in
boiler explosion
n Our Correspondent, Mymensingh

NO WEATHER FORECASTING

from the family members of Rashed.


As per the demand of the kidnappers, Rasheds mother sent Tk1.98
lakh to three mobile phone numbers
through bKash.
After tracking the mobile phones of the
kidnappers, police conducted a drive in
Bagerhat and rescued Rashed from a field
of Bagerhat District Education Office.
The police also arrested one Asaduzzaman Meraj of Kaukhali upazila of the
district in connection with alleged involvement in the kidnap. l

3,000 bottles phensedyl seized


n Our Correspondent, Jessore

Wife and daughter of Ruhul Amin wail in Nomo Vadro area in Rajshahi city yesterday as Ruhul was found dead in the toilet of the Boalia model
police station on Friday. He was detained from the citys Namobhadra market allegedly on charge of possessing cannabis
DHAKA TRIBUNE

Border Guard Bangladesh in separate


drives early yesterdayrecoveredeight
crude bombs, a pistoland a round of
bullets, and also seized 3,000 bottles
of Phensedyl from Putkhali frontier
under Benapole port police station and
Malanchi under Jessore sadar upazila.
Two suspected smugglers were also
arrested during one of the drives.
Lieutenant Colonel Mostafizur Rahman, commanding officer of 23 Bor-

der Guard Battalion,said the BGB men


had recovered the bombs and weapon
abandoned from a place at Putkhali after receiving a tip-off.However, no one
was arrested in this regard.
In another drive, 26 Border Guard
Battalion seized a total of 3,000 bottles
of Phensedyl and arrested suspected
smugglers Yanur and Akherulfrom a
goods laden truck coming from Benapole around 5am, said Lieutenant
Colonel Matiur Rahman, director of the
battalion. l

DHAKA TRIBUNE

Career

Sunday, May 18, 2014

A time to take advantage of foreign investment


n Naiian Yazdani
A pessimist sees the difficulty in every
opportunity; an optimist sees the opportunity in every difficulty.
Winston Churchill might as well
have been referring to Tau Investment
Management, following the New Yorkbased growth-equity venture investment firms decision to invest $200m
into the Readymade Garments (RMG)
sector in Bangladesh. While major
corporations are re-evaluating their
decision to engage Bangladeshi manufacturers in light of the Tazreen fashion
and Rana Plaza disasters, Taus CEO,
Oliver Niedermaier, has seized the moment in order to transform the supply
chain management in this sector.
This decision is a tick of approval for
the Bangladeshi manufacturing industry, and it strongly reflects how far the
sector has come and how far it can go. It
recognises the RMG industry is well-developed and still retains its stature as
a leading apparel-sourcing destination
for the global market, second only to
the dominant force that is China.
This position is set to strengthen:
the global management consulting
group Mckinsey reported in 2011 that
the industry is expected to triple its
exports to $42bn by 2020. This investment By Tau reflects the belief that the
industry and those within it not only
have the capacity, but also the will to
make the supply chain process more
efficient and effective.
The expectations are high, as Taus
website states: Capitalist Solutions to
Capitalisms failures, one can reasonably conclude this investment requires
a capitalist outcome. No CEO from New
York will travel all the way to Dhaka to
endorse a project which is unable to
reap a substantial return on investment.
The modus operandi of Tau is to simultaneously inject capital, knowledge
and relationships to create a sustainable
business model. Tau specialises in providing both financial capital and knowledge capital to ensure that the business
is profitable over the long term.
Niedermaier plans to purchase minority shares in various factories, facil-

outside the production process and


the manufacturers themselves. Engaging with new retailers will require new
fashion designers for a variety of markets in addition to dealing with new
and exciting brands and cultivating relationships. This will make the industry more attractive to young talented
graduates particularly across the art,
fashion and business schools.
The initial investment is a test case.
Niedermaier himself notes that if successful there is no reason why investments such as this cannot be replicated
across other industries such as electronics and agriculture. In turn, this

Bangladesh has spent


too much time on
educating in terms
of content but not
educating in terms of
behaviour, in terms
of developing traits,
which can actually help
them become leaders

BIGSTOCK

itate relationships with his retail contacts in Europe and the United States
and introduce training for mid-level
management and workers. The intention is to create both a compliant and
highly efficient manufacturing environment in the RMG sector whilst securing profitability.
Interestingly, these initiatives address some of the issues identified by
Grameenphone Ltd CEO Vivek Sood
at the Leadership Summit 2014. Sood

particularly identified a disparity between leadership at the middle management level of Bangladesh and India.
He noted that Bangladesh has spent
too much time on educating in terms
of content but not educating in terms
of behaviour, in terms of developing
traits, which can actually help them
become leaders.
The opportunities which present
itself from this investment cut across
many spheres. The factories can imme-

diately showcase their expertise and in


return the new set of eyes can identify
those areas which may need up skilling, restructuring and diversifying.
The additional training will help push
efficiencies throughout the production
process while eliminating wastage, and
in turn will reduce variable costs in the
long term.
Beyond improving the gross margin, the $200m investment in these
factories acts as a stamp of approval

to garment purchasers. Manufacturers who receive this investment will


immediately be capitalised with goodwill, creating brand equity which can
be utilised to increase orders, expand
production or simply grow the bottom
line. The endorsement will signal to
the market that the manufacturer pursues transparency and values integrity,
thereby making it more attractive as a
business partner.
The effects will reverberate well

What to say and when and how to say it


n Ahsan Sajid

Some people seem like they are inherently


good at listening. Whether at work or in our
personal lives, they always have the right
things to say at the right time and the right
way. More often than not, this is not by accident. Being caring and considerate is something one builds up one available shoulder
at a time, and having these values is not only
about helping others but helping yourself.
These are the people who are in charge
of their emotions. They are hopeful and optimistic and never get angry or stressful. Being
in control of your emotions does not only
make it easier for you to deal with people;
it gives you the ability to weigh a situation
calmly and find a solution, making you a
prized decision maker. It gives you the ability
to know when to trust your gut and when to
rethink your choice. It also gives you a thicker
skin, letting you take criticism well and work
on self improvement with an open mind.
These are the kind of people who are
self-aware, and able to understand the
needs of their peers. They have a high level
of what is called emotional intelligence.

science journalist Daniel Goleman developed a


framework of five elements that define emotional intelligence. He wrote for The New York
Times for 12 years and his work is considered
seminal in the field of emotional intelligence.
1. Self-awareness Self-aware is generally
considered the most important part of
emotional intelligence. People with a
high emotional intelligence understand
their emotions, and because of this, they
don't let their feelings control how they
think or what they do. This makes them
confident, because they have the ability
to trust their intuitions and keep their
emotions in check.
These are also the kind of people willing
to take an honest look at themselves.
They know their strengths and weaknesses, and they work on these areas so
they can perform better.
2. Self-regulation This is the ability to
regulate emotions and impulses; people
with a high emotional intelligence
self-regulate and typically do not allow
themselves to become too angry or
jealous, nor do they make impulsive,

careless decisions. In the simplest terms,


these people think before they act.
People who self-regulate are generally
thoughtful, comfortable with change,
virtuous, and have the ability to say no.
3. Motivation People with a high degree
of emotional intelligence can keep themselves motivated. This is because they
are patient enough to wait for long term
success instead of looking for immediate
results or shortcuts. They are highly
efficient and challenges motivate them
further.
4. Empathy This generally considered the
second-most important element of emotional intelligence. Empathy is the ability
to identify with and understand the
wants, needs, and viewpoints of those
around you, just as self-awareness is the
ability to recognise the same in yourself.
People with empathy are good at
recognising the feelings of others, even
if these feelings are not obvious. This
makes empathetic people excellent
at managing important relationships,
listening, and relating to others. They

avoid making assumptions and snap


judgments, and they live their lives in a
very open and honest way.
5. Social skills It is usually easy to talk to
and like people with good social skills,
which is another sign of high emotional
intelligence. Those with strong social
skills are considered better team players.
Rather than focusing on their own success first, they try to help others develop
and shine. These people can manage
disagreements and conflict, are excellent
communicators, and are quick to build
and maintaining new relationships.
Going through this list of five virtues makes
one thing apparent: emotional intelligence
can be a key to success in your life and more
particularly your career. The ability to manage
people and teams, delegate tasks is very
important in all effective leaders. Developing
your emotional intelligence can really give you
the edge displaying your leadership skills in
time for that next promotion, or job interview.

Improving emotional intelligence


Emotional intelligence can be taught and

What is emotional intelligence?


An increasing number of organisations
today are looking at emotional intelligence
when hiring new recruits or promoting
employees side by side with technical
ability, experience, etc. This is particularly
important for roles in teams, or roles that
require public interface.
Living in a society means dealing with
different personalities, values and beliefs,
with different wants and needs. Being able to
maneuver through this requires tact and understanding of others. Being able to maneuver
through it successfully requires a lot of each.
Emotional intelligence is the ability to
recognise your own emotions correctly
and understand what they mean, all the
while being aware of how your emotions
affect the people around you. Emotional
intelligence largely involves how you
perceive others; once you understand how
those around you feel, you can work on the
relationships better.
Having a higher emotional intelligence
generally makes people more successful
at anything that they do. There is a very
simple reason for it the person with the high
emotional intelligence is the person everyone
wants for a friend or colleague/teammate/
boss, etc. Because having a higher intelligence
means not getting easily angered or upset or
offending others, these people get things done
with much more ease and help from others.

Characteristics of the emotionally


intelligent
The American author, psychologist and

BIGSTOCK

developed. There are countless online tests


and quizzes to determine your emotional
intelligence, as a simple Google search will
reveal. You can also find out from such a test
the areas that may require some work.
You can also use the following suggestions to better your emotional intelligence.
n Perform a self-evaluation. What are
your weaknesses? Accept that you are
not perfect and that you could work on
some areas to make yourself a better
version of yourself? Have people been
telling you of any weakness all your life
that you have been shrugging off ? Having a high emotional intelligence means
dealing well with criticism by welcoming
them and letting them change you for
the better.
n Pay keen attention to how you react
to people. Do you often find yourself
rushing to judgment or making assumptions before you know all of the facts?
Look honestly at how you perceive and
interact with other people. Try to put
yourself in their place, understand where
they are coming from, and you may find
yourself more open and accepting of
their perspectives and needs.
n What kind of person are you at work? Do
you constantly seek attention or praise
for your accomplishments? More often
than not, people will like you more if you
keep your successes to yourself and feel
quietly confident about it. An emotionally intelligent person works to let others
shine and not worry too much about
getting praise himself.
n How well do you react to stressful situations? Do you become easily upset with
delays or bottlenecks? Do you blame
others or become angry at them, even
when they could not have helped it? The
ability to stay calm and in control in difficult situations is a highly valued asset of
those with high emotional intelligence.
Keep your emotions under control when
things don't go your way.
n Take responsibility for your actions, both
good and bad. If you offend someone,
apologise right away instead of ignoring
the situation or avoiding the person.
People are usually more willing to
forgive and forget if you make an honest
attempt to make things right.
Although technical know-how, intelligence
and experience will always be important to
success in life, emotional intelligence is key
to relating well to others and achieving your
goals efficiently. Emotional intelligence,
simply explained, is an awareness of your
actions and feelings and how they affect
those around you. It also means an ability
to value others, listen to their wants and
needs, and empathise or identify with them
on many different levels. l

will encourage other foreign investors


and other avenues of financing such
as domestic and international banks to
place their faith in the wider Bangladeshi manufacturing industry.
It is clear that the potential impact
of such an investment is far reaching,
from workers on the production line
to investment analysts undertaking
cost/benefit analysis. Tau has provided
garment manufacturers and the wider
Bangladeshi economy a glimpse into
what lies ahead. A hand has been held
out in support and it is time to collectively combine our knowledge and
financial resources to reach back and
switch on this sustainable journey. l
Naiian Yazdani is the director of strategy
at GradConnect, an international career
information and advisory firm. You can email
him at naiian@grad-connect.com.

Right word,
right time:
Talking terms
n Career Desk
Agent - Person or
company that acts for
another and provides
a specified service.
Bargain price - ReBIZ
duced price
VOCAB
Bedrock price - Lowest possible price.
Commitment - Engagement or undertaking; to commit oneself.
Compromise - Each party gives up
certain demands in order to reach an
agreement.
Condition - A stipulation or requirement that must be fulfilled.
Contract - Written agreement between
two or more parties.
Counter-offer - Offer made in response
to an offer by the other party.
Counter-productive - Having the
opposite effect to that intended.
Deal - A business transaction.
Discount - Reduction in price.
Estimate - Approximate calculation of
the cost.
Facilities - Equipment (e.g. parking
facilities).
Feasible - Possible, something that can
be done.
Figure out - Find a solution; estimate
the cost.
Know-how - Practical knowledge or skill.
Joint venture - A way of entering a
foreign market by joining with a foreign
company to manufacture or market a
product or service.
Negotiate - Discuss a business deal in
order to reach an agreement.
Point out - Draw attention to something (e.g. the advantages of your
proposal).
Proposal - Course of action, or plan, put
forward for consideration.
Quote - Give an estimated price (a
quotation).
Range - A selection of products sold by
a company.
Rebate - Reduction or discount.
Supply - Provide customers with goods
or services.
Supplier - Person or company that
supplies goods or services.
Tender - A written offer to execute work
or supply goods at a fixed price
Turnkey - Equipment ready for use or
operation (e.g. a plant or factory).
Underestimate - Make too low an
estimate of something (cost, danger,
difficulty).
Work out - Calculate; find a solution.

DHAKA TRIBUNE

World

Sunday, May 18, 2014

Optimism remains
despite tough Iran
nuclear talks
n AFP, Vienna
Iran and world powers were nursing
their wounds yesterday after a bruising
round of nuclear talks, but diplomats
and experts remain hopeful a historic deal can still be struck by a July 20
deadline.
With three previous rounds already
under their belts, the three-day session
that ended in a rainy Vienna on Friday
night had been billed as the clincher,
where the leaders would finally put
pen to paper and start drafting the actual text of the deal.
But it was clear from the exhausted
expressions on the faces of Iranian diplomats and their counterparts from the
five permanent members of the UN Security Council plus Germany that nothing is in writing yet.
The gaps were too large to begin
drafting the text, said Irans chief negotiator Abbas Araqchi, adding that
no tangible progress had been made.
This has, candidly, been a very slow
and difficult process, and we are concerned with the short amount of time
that is left, a senior US official said.
Huge gaps remain. There is really more realism needed on the other
side, said another Western diplomat.
We had expected a little more flexibility.
Officials said negotiations would
resume in the Austrian capital next
month, but unlike in the previous
rounds no set date was announced,
and there was no joint statement.

Old demons

The aim of the sought-after accord is


to reduce the scale of Irans nuclear
activities, easing fears it is seeking to
construct a bomb, in return for a lifting
of all sanctions.
At the heart of the debate is uranium
enrichment, which can provide nuclear fuel but also the fissile core of a nuclear bomb. It is the same issue that has
dogged diplomatic efforts for years.
The worry is that Iran could in theory use its 20,000 centrifuges and
newer, faster ones under development
to further purify its already considerable low-enriched uranium stockpile to
weapons-grade.
The powers want Iran to slash the
number of centrifuges, but Tehran de-

nies wanting nuclear weapons and considers this is a red line that it will not
cross. In fact, it wants to install more.
The Western powers want to divide the number of centrifuges by four
or five ... while the Iranians believe
that they need at least 50,000 for their
future needs in research and nuclear
power, said Francois Nicoullaud, former French ambassador to Iran.
The gap between these starting
positions is immense, Nicoullaud told
AFP. But it is not the only issue.
Others are the new Arak reactor,
which could give Iran weapons-grade
plutonium, and the International
Atomic Energy Agencys snails-pace
probe into alleged military dimensions of Irans past nuclear work.
This last issue is critical, said Mark
Hibbs from the Carnegie Endowment
for International Peace.
Because the deal with Iran says
that at the end of the day Iran will be
treated no differently than any other
state without nuclear weapons, the
IAEA needs to know from Iran what
its capabilities are related to nuclear
weapons-making, Hibbs told AFP.

Ups and downs

Diplomats insist the process was always going to be hard and that the gaps
can be bridged before the July 20 deadline, when a six-month interim deal
agreed in November in Geneva expires.
In any negotiation there are good
days and bad days, and there are ups
and downs. This has been a moment
of great difficulty, but one that was not
entirely unexpected, the US official
said on Friday.
We believe we can still get it done,
she said.
Kelsey Davenport from the Arms
Control Association agreed, saying the
differences are large, but not insurmountable.
Negotiators on both sides expected obstacles, but if they are willing to
be flexible and creative, a deal can be
reached, she told AFP.
The next few months will be critical, as they twist and turn the nuclear
Rubiks Cube to achieve a realistic deal
with a strong base on which to build
in the succeeding years, Ali Vaez,
Iran expert at the International Crisis
Group, told AFP. l

People take part in a candlelight vigil as part of a demonstration in honour of the victims of the mining accident in Soma of Istanbul. Turkish riot police fired tear gas yesterday at
thousands of protesters at the scene of a disaster that killed nearly 300 miners, as the government faced a worsening political backlash
AFP

Mine rescue to end as death toll rises to 301


n Reuters, Soma, Turkey
Rescue workers began winding up
their operations yesterday after finding the bodies of two more miners,
believed to be the last remaining in the
mine, bringing the death toll in Turkeys worst industrial disaster to 301,
the energy minister said.
Earlier a new fire broke out in the
mine, hindering the rescue teams. Taner Yildiz said it had been extinguished
and two more dead workers found. He
said the numbers added up with the
missing persons information provided
by families.
The newly discovered workers will
be brought up and given back to their
families. If there is no further demand
to us and, the information we have
backs that up, then we will have finished our search work, he said.
However, he said rescue teams
would first conduct a final search
throughout the mine before making a
decision on ending the operation, four

days after an initial fire sent deadly carbon monoxide coursing through it.
The disaster triggered angry protests across Turkey, aimed at mine
owners accused of ignoring safety for

The disaster triggered


angry protests across
Turkey, aimed at mine
owners accused of
ignoring safety for profit

profit, and at Prime Minister Tayyip Erdogans government, seen as too close
to industry bosses and insensitive in its
reaction to the tragedy.
Erdogan has presided over a decade
of rapid economic growth but worker
safety standards have failed to keep

Record Balkan
floods claim at
least 20 lives
n AP, Belgrade, Serbia
Tens of thousands fled their homes
yesterday in Bosnia and Serbia, evacuated by boat or helicopter as rising
waters surged into villages and towns.
Authorities said the record flooding
killed at least 20 people and the death
toll could rise further.
Meteorologists say the flooding
is the worst since records began 120
years ago and is due to a three-month
amount of rain that fell on the region in
just three days. Goran Mihajlovic from
Serbias Weather Center told The Associated Press that such a rainfall happens once in 100 years.
In the eastern Bosnian town of Bijeljina, some 10,000 people were being
evacuated Saturday after the rain-swollen Sava River pushed through flood
defenses. Mayor Mico Micic appealed
for help, saying we need everything,
we are under water.
Officials in Bosnia say 12 people died
and more bodies could emerge as water
recedes from the dozens of cities flooded in the past three days. In some places, floodwaters had reached the second
floor of peoples homes and they had to
be rescued by helicopter from their roofs.
In Serbia, which saw eight deaths,
emergency crews and soldiers were
using boats and helicopters to rescue thousands trapped in the town of
Obrenovac, near Belgrade. Officials
said more than 15,000 people have
been evacuated so far from the floodhit regions, most of them finding shelter in schools and sports halls.
The flooding in Obrenovac is threatening the Nikola Tesla power plant,
Serbias biggest. Plant capacity had already been cut after a nearby coal mine
was flooded.
The rain eased in some parts Saturday but Prime Minister Aleksandar
Vucic told a press conference that new
flood wave on the Sava River will hit
Sunday evening.
Our primary concern is to protect
the power plant, said Vucic. We are
doing all we can. l

pace, leaving Turkey with one of the


worlds worst industrial accident records. The frustrations boiled over in
Soma on Friday as riot police fired tear
gas and water cannon to disperse several thousand protesters.
Overnight, demonstrators clashes
with police in the western port city of
Izmir, some setting up makeshift barricades and throwing stones and fireworks aimed at the police, Hurriyet
newspaper reported. Some 40 people
were detained.
There were also protests in Istanbul.
Some residents in the city banged pots
and pans from their windows, an act
which was a feature of last summers
nationwide anti-government unrest.
The police intervention in Soma
could add to public anger towards
Erdogan.

University sit-in

There was wide media coverage of


footage apparently showing Erdogan
slapping a man as locals jeered his

entourage when he visited Soma this


week. The man, Taner Kurucan, said
Erdogan had slapped him and told
Kanal D TV he was then beaten by the
prime ministers bodyguards.
His adviser Yalcin Akdogan accused
gang members of provoking Erdogans
team as he went to meet mourning families. Anger was intensified by a photograph of an Erdogan aide kicking a protester held down by police special forces.
A group of students at the Istanbul Technical University occupied the
mining faculty on Friday evening in
protest at links between the university
and the company which operates the
mine - Soma Holding, the private Dogan news agency reported.
Meanwhile, the mining company
managers held a fractious news conference on Friday where they said
an unexplained build-up of heat was
thought to have led part of the mine to
collapse, fanning a blaze which spread
rapidly more than two km under
the surface. l

Fossils of largest dinosaur


found in Argentina
n AFP, Buenos Aires

Fossilised bones of a dinosaur believed to be the largest creature ever to walk the Earth have been unearthed in Argentina,
palaeontologists say
WIKI

Boko Haram in fresh


attack as region meets
n AFP, Paris
Boko Haram gunmen killed a Chinese
worker and kidnapped 10 others overnight in Cameroon, piling more pressure on leaders meeting in Paris yesterday to thrash out a tougher strategy
against the Nigerian Islamists.
Militants stormed an encampment
used by Chinese road workers late on
Friday in a region of northern Cameroon just across the border from the
strongholds where they sparked global
outrage by abducting more than 200
schoolgirls last month.
The Boko Haram militants were
heavily armed, they came in five vehicles, an official in Waza, a town near
the site of the attack, told AFP on condition of anonymity.

He said the camp where the Chinese


road workers stayed was usually guarded
by soldiers from Cameroons elite Rapid
Intervention Battalion, but many of the
troops were in Yaounde for a military
parade ahead of National Day on May 20.
Cameroonian soldiers retaliated
and the fighting lasted until 3:00 am
(0200 GMT), said a local police chief,
who said the militants also raided the
police armoury in Waza overnight.
He said one Chinese worker was
killed and 10 others had been missing
since the attack and were believed kidnapped by the Boko Haram gunmen.
A source close to the Chinese embassy in the Cameroonian capital Yaounde
spoke of 10 missing and one wounded
but would not confirm or deny whether one had been killed. l

Paleontologists in Argentinas remote


Patagonia region have discovered fossils of
what was likely the largest dinosaur ever to
roam the earth.
The creature is believed to be a new
species of Titanosaur, a long-necked, longtailed sauropod that walked on four legs
and lived some 95 million years ago in the
Cretaceous Period.
The dinosaur weighed the equivalent
of more than 14 African elephants, or about
100 tonnes, said Jose Luis Carballido, a
paleontologist at the Egidio Feruglio Museum
in the southern Argentine city of Trelew.
This is a true paleontological treasure,
Carballido said in a statement on Friday on
the museum website.
There are many remains and they were
practically intact, something that does not
frequently happen.

Known fossils of a giant Titanosaur are


scarce and fragmentary.
Museum director Ruben Cuneo told
local media that the remains belong to
the largest known specimen of its kind
and the most complete find of this type of
dinosaur in the world.
The fossils were accidently discovered
in 2011 by a farm worker in a remote area in
the Patagonian province of Chubut, some
1,300 kilometers (800 miles) south of
Buenos Aires. The creature was plant-eating
and measured some 40 meters from head
to tail, Cuneo said.
Photos posted on the museum website
show a fossilized femur larger than the
paleontologist pictured next to it.
Experts believe that the remains of seven dinosaurs, as well as the broken teeth of
carnivores, are among the 200 fossils found
at the Chubut site where the giant femur
was found. l

Separatist leader freed in Ukraine

n Reuters, Kiev

Pro-Russian separatist leader Valery


Bolotov was detained by Ukrainian
border guards yesterday then freed by
armed supporters in a firefight at the
checkpoint, a Ukrainian spokesman
said. The incident took place just a few
hours before peace talks in the eastern
town of Kharkiv. The talks were initiat-

ed by Ukrainian authorities to ease the


situation in east.
Bolotov, the self-proclaimed governor of Ukraines eastern Luhansk region, was detained at the checkpoint
as he returned from treatment in Russia for wounds he suffered in an attack
on Tuesday, border guards spokesman
Oleh Slobodyan said.
About 200 armed separatists went to

the checkpoint and demanded his release. A fight broke out in which the separatists used grenades and machine guns.
They recaptured Bolotov. We are
trying to find out whether there are
victims, Slobodyan said. The eastern
rebellion by pro-Russian separatists
has shaken Ukraine and pushed Western powers into a confrontation with
Russian President Vladimir Putin. l

2m votes at risk in east Ukraine


n AFP, Kiev

Almost two million people in eastern


Ukraine could be prevented from voting in the presidential election if the
government fails to ensure security in
rebel areas, the countrys election body
warned yesterday.
The Central Election Commission

said it could be impossible to organise


the May 25 vote in the eastern regions of
Donetsk and Lugansk, where pro-Russian insurgents fighting Kievs rule have
declared their own independent republics. With the information we have to
hand at the moment, we cannot organise preparations for the vote because of
illegal actions by unknown people, the

commission said in a statement, referring to the separatists.


The commission cited cases of
threats and physical pressure against
local election officials and said there
were a number of offices where the security of its staff could not be assured.
In total, 36 million Ukrainians are eligible to vote in the May 25 poll. l

DHAKA TRIBUNE

World

Sunday, May 18, 2014

Why Muslim votes


did not count in UP
and Bihar
n Agencies
Despite a concerted effort by secular parties to get Muslims to vote en
bloc against BJP, the saffron challenger prevailed largely because of what
is being called reverse polarization,
analysts say.
In both UP and Bihar, which have a
significant population of Muslims, the
BJP pulled off big wins. Talking to the
TImes of India after the results were
declared, BJP general-secretary Amit
Shah said his party succeeded because the number of people, who are
not part of the politics of vote bank, are
much more.
As per the 2011 Census, Muslims are
nearly 15% of Indias 1.2 billion people.
In 35 seats, they number around one in
three voters or more. In 38 other seats,
Muslims are 21-30% of the electorate.
If the 145 seats where they are 1120% are added to this, Muslim voters
have the ability to influence the outcome in 218 seats. UP and Bihar, which
have 120 seats between them, have
18% and 16% share of Muslims respectively. So the secular gamble was not
unreasonable.
In UP alone, out of 80 seats, 32 have
a Muslim population of close to 15% or
more. Yet, despite a serious pitch as
the only force that could stop Modi,
SP won only two seats, with 30 going
to BJP.
Curiously, the saffron party swept
all eight constituencies, including Saharanpur, Amroha, Shrawasti, Bijnor,
Muzaffarnagar, Moradabad and Rampur, where the Muslim population hovers around 40%. For the first time since
Independence, UP has no Muslim MP.
The trend is similar in Bihar where
out of the 17 seats where Muslims

Bihars Nitish
Kumar resigns
n Agencies
Bihar chief minister Nitish Kumar resigned yesterday a day after his party
JD(U)s poor show in the Lok Sabha
elections. The JD (U) had managed to
get just 2 seats out of 40 Lok Sabha
seats in the state.
Kumar has submitted his resignation
to governor DY Patil, the Times of India
reported. Kumars resignation has come
amid reports of dissent in the party
following the poor show in the general
elections. He has taken responsibility
for the loss; we decided to seek a fresh
mandate, JD(U) leader Ali Anwar said.
The resignation came just hours after
LJP chief Ramvilas Paswan asserted that
the Nitish Kumar government would fall
within two to three months and midterm assembly polls would be held in
October-November this year. Nitish
Kumar government will not last long,
Paswan had said on Friday after results
of general elections were announced.
The CMs resignation was on the
cards since the reports of his partys
near washout started pouring in. Nitish
remained inside his official residence
throughout Friday and in the evening
posted a one-line post on Facebook: I
respect the peoples verdict. l

have more than 15% of votes, BJP has


won 12. The remaining five have been
shared by the RJD-Congress-NCP
combine and JD(U) which has got
one seat.
Even in Maharashtra, which has
Muslims constituting 14% of its population, BJP and its allies have swept
the polls winning 42 out of 48 seats.
The combine also won all the seats
with considerable Muslim voters. In
Mumbai and other Muslim-populated
areas across Maharashtra, low polling
in Muslim pockets and votes split between Congress-NCP and AAP made
Muslim votes ineffective.
In the Muslim-dominated Govandi
area of Mumbai North-East polling was
40% while in the Gujarati-dominated
Mulund, in the same constituency, it
was 60%. And Muslim votes got divided between AAPs Medha Patkar and
sitting MP NCPs Sanjay Dina Patil. This
gave BJPs Kirit Somaiya a comfortable
win, said Rais Shaikh, Samajwadi Party councillor from Govandi.
Pollsters, going by trends of past
elections, say the Muslim vote is most
effective where it is around 10% of the
electorate, big enough to sway the result in a multi-cornered contest, by
consolidating for a single candidate.
Ironically, where Muslim presence
is over 20%, their votes have been
mostly ineffective. This is because of a
multiplicity of Muslim candidates that
divide their votes.
In such constituencies, say psephologists, there is often counter-polarization of Hindu votes. In a polarized UP,
its the latter that seems to have helped
the BJP. In the future, Muslims will
have to change their strategy and keep
their options open, said M A Khalid of
All India Milli Council. l

Heros welcome for


Modi as he arrives
in Delhi
n AFP, New Delhi

Indian PM-elect Narendra Modi waves as he arrives at party headquarters in New Delhi on May 17, 2014. Hundreds of flag-waving
supporters mobbed as he arrived in New Delhi, smiling and flashing victory signs after his partys crushing poll victory
AFP

Indian papers urge triumphant Modi


to reach out to Muslims
n AFP, New Delhi
Indian newspapers yesterday urged
prime minister-elect Narendra Modi
to reach out to Muslims and avoid the
temptation of triumphalism after the
Hindu nationalist leaders crushing
election victory.
After winning the first outright majority by anyone for 30 years, Modi will
not have to seek out coalition allies
who might otherwise act as a moderating influence on his right-wing Bharatiya Janata Party. But the main newspapers said it was vital Modi allay the
fears of minorities who did not jump

on his electoral bangdwagon, particularly Muslims who remember how


around 1,000 people died in communal
riots in 2002 soon after he took over as
chief minister of Gujarat state.
The reality remains that there is a
huge trust deficit with the minorities,
especially the Muslim community,
which must be addressed, said an editorial in The Hindu. In order to close
the credibility gap that persists as regards his acceptability to govern all
Indians, Mr Modi must ensure that the
idea of India as a pluralist and inclusive
landscape in which all citizens have
equality before the law as constitution-

Manmohan Singh bows out


n AFP, New Delhi

Indias Manmohan Singh defended his


decade-long record yesterday as he
resigned as prime minister a day after
Hindu nationalist Narendra Modi led
his Bharatiya Janata Party to a historic
election victory.
The 81-year-old premiers final years
in power were marked by slowing economic growth as his government struggled to overcome charges of weak leadership and corruption.
After making a final televised address to the nation in the morning,
Indias third-longest serving PM was

driven to the presidency building in


central New Delhi, where he tendered
his resignation to President Pranab
Mukherjee.
Today India is a far stronger country than it was a decade ago, he said in
a short and typically low-key speech,
wearing his trademark blue turban. I
give you credit for it. We still need to
work hard to take this country forward.
The economist also sent his best
wishes to his successor Modi, a polarising Hindu nationalist whom Singh
said in January would be disastrous
for the country, in unusually forthright
remarks.

I am confident that India will


emerge as a strong economy in the
world, blending tradition with modernity and unity with diversity,
Singh added.
The former finance minister, celebrated for pushing through pro-market
reforms in the 1990s, will continue as a
caretaker prime minister until 63-yearold Modi takes office some time
next week.
Singh believes historians will be kinder to him than contemporary critics who
have savaged his recent performance
in office, overshadowed by corruption
scandals and policy paralysis. l

Rahul and Sonia to offer resignation!


n Agencies

As Congress searches for answers for its


worst-ever electoral performance, daggers are already out in the party ahead of
the crucial Congress Working Committee (CWC) meeting scheduled on Monday, the Press Trust of India reported.
Senior party leaders speaking in private are severely critical of some key
advisers of Rahul Gandhi, while some
have chosen to go public finding fault

with the ticket distribution.


Those who are in the firing line of a
section of leaders include Jairam Ramesh, Mohan Gopal, Madhusudan Mistry, Mohan Prakash and Ajay Maken.
There was also media speculation that
Congress president Sonia Gandhi and
vice president Rahul Gandhi could offer
to resign during the CWC meet, which
has been called to take stock of the political situation in the aftermath of results.
However, top sources in the party

THAI ANTI-GOVERNMENT PROTESTERS PLAN FINAL PUSH

trashed such speculation. It is all rubbish. This is not the way to go forward.
That is not the solution, sources close
to the top leadership said.
The meeting of the CWC, the partys
apex decision making body, has been
convened on May 19 even as questions
were being raised over the leadership
of Rahul Gandhi as well as the over-all
election strategy of the party, besides
the performance of the UPA-II government led by Manmohan Singh. l

Myanmar rally calls for


charter change
n AFP, Yangon
Thousands of people joined a rally in
Myanmars main city yesterday to call
for changes to a military-drafted constitution that bars opposition leader Aung
San Suu Kyi from becoming president.
The
former
political
prisoner-turned-politician has been campaigning to amend the charter since
she became a lawmaker two years ago.
The 2008 constitution blocks anyone whose spouse or children are overseas citizens from leading the country
a clause widely believed to be targeted
at the Nobel laureate, whose two sons
are British.
It also ring-fences a quarter of the
seats in parliament for unelected military personnel, leaving the army with
a significant political role despite the
end of outright junta rule.
Addressing a crowd at the rally in
Yangon, Suu Kyi urged the military
top brass as well as rank-and-file soldiers to support a petition campaign to
amend the charter.
I would like you all to consider
whether getting more opportunities

Obamas Asia pivot


tested by Chinas bold
maritime claims
n Reuters, Washington/Manila

Thai anti-government protesters rally at outside Government House in Bangkok on May 17. Anti-government protesters in Thailand are
to stage mass rallies in coming days to try to get a new prime minister installed, but their leader Suthep Thaugsuban said yesterday that
if this final push in a six-month fight did not succeed, he would surrender to the authorities on May 27
AFP

ally decreed, is upheld consistently


and transparently.
A Modi government needs to, first
and foremost, reach out to those that did
not vote for it. It needs to talk to the Muslim community, said an editorial in The
Indian Express. Ever since the violence
in Gujarat in 2002 on the Modi governments watch, a Modi prime ministership stokes insecurities in Indias largest
minority that Prime Minister Modi cannot afford to relegate or ignore.
The Hindustan Times said it was vital that what it called the bad eggs in
the party do not make overtly triumphal remarks about any community. l

US President Barack Obama sought to


reassure allies in Asia last month that
the United States would support them
in the face of a more assertive China.
But after one of Beijings boldest moves
in years to lay claim to contested waters off Vietnam, some Asia countries
are asking a simple question: Where is
Washington?
Days after Obama left the region,
China deployed an oil drilling rig 150
miles off the coast of Vietnam, into a
part of the South China Sea claimed by
itself and Hanoi. That sparked deadly
anti-China riots in central Vietnam and
raised questions over whether Obamas
long-promised strategic pivot of military assets to Asia is more than talk.
We have been pushing the US to
change its policy and take sides in the
regional dispute, said a senior Philippine defense official.
China claims a stretch of water

Thousands of flag-waving supporters


mobbed Indian prime minister-elect
Narendra Modi as he made a triumphant entrance in New Delhi yesterday
after securing a historic victory for his
Hindu nationalist party.
The 63-year-old flew into the capital in the late morning from his home
state of Gujarat to bask in the glory of a
landslide for the Bharatiya Janata Party
(BJP) and begin organising his cabinet.
The controversial politician, a former tea boy tainted by anti-Muslim
riots on his watch as chief minister in
Gujarat, has the strongest mandate of
any Indian leader in 30 years.
A crowd of party supporters, who
had waited at the airport since early
morning while being entertained by a
marching band and thumping dance
music, burst through police barricades
at the sight of his cavalcade.
Modi is our lion! He will work for the
people of India, he will work for development, he will work for every Indian,
shouted Om Dutt, a 39-year-old shop
owner, reflecting heady expectations of
what the new leader will deliver.
At party headquarters in the centre of
the capital, hundreds of ecstatic loyalists showered Modi in petals and chanted his name. I thank the BJP workers
wholeheartedly, Modi said once inside,
where he was flanked by senior party
figures such as Rajnath Singh, Sushma
Swaraj and Ravi Shankar Prasad, who
are likely to take government roles.
The BJP won the first majority in
parliament by a single party for 30
years on Friday after a campaign by
Modi focused on delivering new jobs,
development and clean government.
The triumph redrew Indias political map, handing him a huge mandate
for change, and heaping humiliation
on the ruling Gandhi political dynasty,
whose Congress party has been in power for 10 years. l

off its south coast and to the east of


mainland Southeast Asia, setting it in
direct conflict with claims of US allies
Vietnam and the Philippines. Brunei,
Taiwan and Malaysia also lay claim to
parts of the South China Sea.
At stake is control over what are
believed to be significant reserves of
oil and gas. Estimates for proven and
undiscovered oil reserves in the entire
sea range from 28 billion to as high as
213 billion barrels of oil, the US Energy
Information Administration said in a
March 2008 report.
The United States has responded
with sharpened rhetoric toward China,
describing a pattern of Chinese provocations. But it has taken no tangible
action, a stark reflection of the limited options available to an administration already stretched by the crisis
in Ukraine and faced with a quandary
over how to deter China without damaging broader ties with the worlds second-biggest economy. l

than ordinary citizens is really fair,


Suu Kyi said.
The main strength of the military
forces is weapons. So I would like you
to consider whether getting special
opportunities because of the power of
arms is dignified or good for yourself,
she said.
Parliamentary elections due to be
held in 2015 are seen as a definitive test
of whether the military is willing to
loosen its grip on power.
The countrys president is selected
by the legislature, and Suu Kyi has declared her ambition to lead the country.
Any change to the charter needs the
support of over 75% of the legislature,
so at least some soldiers would have to
vote for the reforms.
Suu Kyi spent 15 years under house
arrest during military rule in Myanmar,
before she was freed after controversial
elections in 2010 that her party boycotted.
Since then President Thein Sein has
pushed through sweeping changes,
including releasing other political prisoners and welcoming Suu Kyi and her
party into parliament following landmark by-elections in 2012. l

China urges
Vietnam to crack
down on rioting
n Reuters, Beijing
Chinas public security chief urged Vietnam yesterday to take tough measures
to stem anti-China violence and punish
rioters following deadly attacks there
earlier this week, Chinas official Xinhua News Agency reported. The Vietnamese government has said one person was killed in the rioting on Tuesday
and Wednesday night, but a doctor at a
hospital near one area of clashes said
he had seen 21 dead bodies and that at
least 100 people were wounded.
The
Vietnamese
government
should be accountable for the violent
attacks on Chinese companies and
staff, Chinas Public Security Minister
Guo Shengkun was quoted saying in a
telephone call with Vietnams minister
of public security Tran Dai Quang. We
are strongly dissatisfied by the Vietnamese side failure to respond effectively to
curb an escalation of the situation.
Thousands of Vietnamese attacked
businesses and factories on Monday
and Tuesday in the countrys industrial
parks, targeting Chinese workers and
Chinese-owned businesses. l

10

DHAKA TRIBUNE

Editorial

Sunday, May 18, 2014

CODE-CRACKER

Mutual interest in
good relations

ow that Indias general election has concluded, the foreign


minister is due to travel to New Delhi soon for talks with the new
government.
We hope Bangladesh and India can move forward fruitfully and
smoothly to resolve key bilateral issues, relating to trade, water-sharing,
immigration and mutual security.
The BJP-led National Democratic Alliance won its landslide victory
with a platform advocating faster economic growth and development,
with strong support for private
enterprise and big business. If
this vision which has proved so
attractive to voters is realised,
and India experiences strong
economic growth, then this could
benefit economies throughout
our region.
Much concern has rightly been
expressed about inflammatory
remarks involving Bangladesh.
Stoking communal hatred simply
does not go with plans for an
economic march forward. Policies inspired by such rhetoric are not in the
interests of either Bangladesh or India as they could sour ties and harm
cross-border co-operation and trade.
Good relations are certainly possible. Bangladesh had a beneficial
relationship with India during a previous BJP-led government under Atal
Bihari Vajpayees tenure.
Our shared geography and history gives many reasons for Bangladesh
and India to strengthen good neighbourly relations.
It would be to everyones benefit for the new Indian government to
help resolve key issues of concern for Bangladesh relating to water-sharing and border demarcation. Ending such disputes can help trade and
good relations to flourish in the interests of both countries.
We hope diplomatic dialogue helps our countries to build a progressive and more prosperous region.

There are many


reasons for
Bangladesh and
India to strengthen
neighbourly
relations

Free businesses from


extortion demands

n just one small area around Farmgate, Dhaka Tribune reporters found
900 stalls paying between Tk1,000-Tk1,500 to a local Jubo league
controlled organisation.
Some Tk37.5 crore is estimated to be paid each month in so-called
tolls to politically-backed extortionists.
It is the public that bears the costs of this criminal activity. Elected
representatives must do more to meet the desire of the public and
law-abiding businesses to root out this type of behaviour.
One underlying cause which
needs to be addressed is the
indulgence, by whichever party
is in power, of party activists who
wish to demand tolls. The expectation of political protection
for such activity is a major factor
limiting effective law enforcement actions, and in causing
rogue officers to take bribes to
allow extortionists to operate in
broad daylight.
Local authorities are also
partly to be blame. Too often,
they fail in their duty to provide
appropriate space to facilitate
legitimate business activities. This supports a cycle whereby many lawful
businesses are left to operate illegally or without permission. This leaves
them at risk of periodic drives to move them on by authorities, which in
turn gives them a reason to fall prey to extortionists, who offer to protect
them.
A more sensible balance needs to be struck, to allow legitimate traders to conduct business in a lawful manner, free from demands for tolls.
Political parties and police must also take clear action to remove law
breakers from their ranks. Only by addressing root causes can the curse
of rent-seeking be lifted from street-vendors and the public.

Address the root


causes of rentseeking

Be heard
Write to Dhaka Tribune
FR Tower, 8/C Panthapath, Sukrabad, Dhaka-1207
Email letters.dt@dhakatribune.com
Send us your Op-Ed articles:
opinion.dt@dhakatribune.com
www.dhakatribune.com
Join our Facebook community:
https://www.facebook.com/DhakaTribune

The enemy of all Muslims

How to solve: Each number in our


CODE-CRACKER grid represents a different letter of the alphabet. For example, today 10 represents A so fill in A
every time the figure 10 appears.
You them in the appropriate squares in
the main grid, then use your knowledge
of words to work out which letters go in
the missing squares.
Some letters of the alphabet may not
be used.
As you get the letters, fill in other
squares with the same number in the
main grid, and the control grid. Check
off the list of alphabetical letters as you
identify them.

May 12

Sam
I appreciate the candor and sincere feeling of outrage
by the author. But let us be very honest: The Quran
does not condemn slavery. In fact, it almost endorses
it in war time; similarly there are dozens of authentic
Hadith where Islamic rulers starting from the very
first one took slaves, made them into concubines, and
sold them at slave markets. The problem is definitely
extremism, but it is also the very foundations of
Islamic jurisprudence, notwithstanding the loud
screeches of protests by many of its adherents who
want to whitewash and contextualise history.
kmak
Sam: Yes, let us be honest. As Jonathan E Brockopp
writes in the Encyclopaedia of the Quran: Slavery,
ubdiyya or riqq, is nowhere mentioned, though
the Quran recommends freeing of slaves and is
obviously interested in regulating the institution.
He also notes how the legal material in the
Quran on slavery revolves mostly around freeing
slaves rather than acquiring them. Given that there
are innumerable instances in the Quran and Sunnah
which extol the freeing of slaves, you will at least
agree that Islams aim was to eradicate slavery,
something which even the traditionalists agree with?
KMAK
kmak: Slavery is actually a red herring as far as this
discussion goes. Can Sam prove that what Boko
Haram did, kidnapping and selling schoolgirls, is
Quranically sanctioned?
Sam
KMAK: Whether it is Quranically sanctioned,
according to you, I dont know. But several verses
of the Quran (4.24 and 24.32 for starters) can be
construed to be notwithstanding how much you
object and scream. Similarly Bukhari 41: 598 and
62:137 provide Sunnah justifications, if people
are so inclined. The point is not that you or I dont
interpret them that way, but the fact that they are

Lets mend our bond


May 13

S Mallik
What is the point of this piece?
Raihan Hadi
S Mallik: May be you would like to point out
where it hurts? That would really be lovely because itll help me learn. :)
D
Raihan Hadi: The whole thing . the whole thing!
Raihan Hadi
D: Should I take that as an anti-Indian movement
from a minority group not looking at the future?
Mates, if you are thinking what I had been thinking
months ago you are still at an adolescent stage of
running a country, or you must be supporters of
NaMo (not judging but thats basically two of the
things it seems like). If it were the whole thing, then
why am I getting shared by other people, I wonder?
If you are here to do some constructive criticism, I
say you read and then write back with knowledge.

there with ample gray area to be misinterpreted


and hence the idea of using Islamic justification to
oppose it is futile and nonsensical.
kmak
Sam: You dont get it, do you? The status of slavery
in Islam is a red herring to this discussion. The real
question is, are the actions of Boko Haram, kidnapping and selling schoolgirls, in conformity with what
the Quran and the Sunnah teaches? Both Al Azhar
and the highly conservative Islamic Fiqh Academy,
among numerous other bodies, have described the
actions of Boko Haram as unIslamic. What makes
you say otherwise?
As far as slavery goes, it is not my opinion that
Islam sought to eradicate this practice, but the opinion of the vast majority of scholars today. Quoting
Jonathan Brockopp (a non-Muslim historian of Islam) again: Even conservative Quran interpreters
continue to regard slavery as opposed to Islamic
principles of justice and equality. This dramatic shift
in Islamic attitudes toward slavery is a prime example of flexibility in interpreting Quranic norms.
All things considered, no matter how much you object
or scream, there are no grey areas with respect to the
status of slavery in the bulk of Islamic scholarship today.
Sam
kmak: I have quoted you Quran and Hadith and you
are quoting me some little known historian whose
only bonafides are that he is a non-Muslim? No, it
is you who is not getting it. By the way, repeatedly
quoting the same sources doesnt make you look
smarter. Dispute the direct quotes from actual
source (Quran and Hadith) that I have provided.
Think for yourself if you can.

CROSSWORD
ACROSS
1 Heavy substance (4)
3 Untidy state (4)
7 Opening (3)
8 Tally (5)
11 Offensive to sight (4)
12 Kingdom (5)
13 Happening (5)
15 Tree (4)
18 Flower (4)
19 Files (5)
20 Has on (5)
21 Performs (4)
23 Farm birds (5)
24 Vegetable (3)
25 Catch sight of (4)
26 Slender support (4)

DOWN
1 Inferior (6)
2 Worships (6)
4 Incite (3)
5 Salty (6)
6 Secret agent (3)
9 Replenishes (6)
10 Consume (3)
11 Arbitrator (6)
14 Modes of
utterance (6)
16 Put in (6)
17 High regard (6)
19 Convict (3)
21 Monkey (3)

22 Faucet (3)

kmak
Sam: I have quoted you Quran and Hadith ....
You referred to 4.24 and 24.32 from the Quran.
Please explain how these verses condone kidnapping and selling schoolgirls.

PM: Govt does not want to use


DGFI politically
May 14

Dr Ahsan Habib
Everything in Bangladesh is used for political
purpose by the ruling party. Party leaders have
blatantly lied many times before and this is another example of that.

Over 1,000 DMCH honorary


doctors go on 48-hr strike
May 12

SUDOKU
How to solve: Fill in the blank spaces with the
numbers 1 9. Every row, column and 3 x 3 box must
contain all nine digits with no numberrepeating.

VK
Globally, the majority of physicians take the Hippocratic Oath, promising to take their profession
seriously and honestly. This ancient oath is actually a set of ethical codes; for example, a physician
will not be involved in corruption, will not have
sexual contact with his/her patients and will do
what is best for the patient, rather than what is
best for the physician.

CALVIN AND HOBBES

YESTERDAYS SOLUTIONS
CODE-CRACKER
Jamaats trial to create
tribunal history

PEANUTS

May 13
Omar Shehab
Thanks for covering this very important
issue. It would have been better if you
could have interviewed independent
activist groups, like International Crimes
Strategy Forum or others for their perspective on the technicalities.

Deal on bandwidth for 7


Sisters Monday
May 12

Snr Citizen
There has to be a clause of withdrawing export as per increase in home
demand. And I believe that the rate/tariff
has been fixed by Indian buyers, we were
onlookers. This is almost as vital for
development as river water is for survival
of Bangladeshis.

CROSSWORD

SUDOKU

DHAKA TRIBUNE

Op-Ed

11

Sunday, May 18, 2014

A space to play

n Ziaur Rahman
very child and adult needs
breathing space, especially
in large metropolises like
Dhaka. Town planning has
gone awry in Dhaka and
many of the cities of Bangladesh due
to overpopulation, resource constraints, and plain greed. Urban Dhaka
has very little of what we call open
spaces, parks, and fields. Spaces allocated as playing fields and parks have
been encroached by greedy citizens
with ulterior motives.

The Dhanmondi
playground, in spite
of being open to
the public, has been
brutality disfigured

The Dhanmondi playground, sitting


squarely next to Mirpur Road and
Road 8 of Dhanmondi, has been at the
centre of news in Bangladesh for the
past few years where this open field
for the public had been closed and
fenced up by some high and mighty
people who had enjoyed the rich
rewards of turning a public space into
a privately held fiefdom.
That protracted injustice came to
an end recently. Luckily, due to the
relentless pursuit of a citizens action
committee and a subsequent writ
petition, the judiciary instructed the
city corporation to open the gates to
the public without further ado. Thanks
to the public uproar and appropriate
ruling by the judiciary, the keys to the

open field have been returned to the


public.
Now, even the tokais of Dhaka
can breathe the open air and fill
their lungs and run the stretch of
the Dhanmondi playground like no
tomorrow. It is wonderful to see the
field alive and kicking once again, with
the boisterous sounds of children and
adults of different ages. The spark of
Dhanmondi playground has reclaimed
its old luster and glory. Youngsters
gather throughout the day and enjoy
nature.
Unfortunately, that bliss has
been dented by a plan to construct a
concrete structure in the dead centre
of the field. The Dhanmondi playground, in spite of being open to the
public, has been brutality disfigured.
The citizens action committees,
under the name Dhanmondi maath
rakha andolon, have been urging the
government to step in and bring back
the field to its original form with no
structure in the middle to tarnish the
beauty of the area.
Unfortunately, construction work
continues with costs escalating. The
field is purely public property, and
perhaps managed by the Dhaka City
Corporation. Therefore, the need for
more public awareness and support to
stop this illegal construction has been
acute. Why should the government
waste funds on an illegal construction
that is under heavy protest to be
brought back to its original form?
It remains a conundrum why the
LGRD Ministry is bent on spending
taxpayers money on something so unpopular, morally reprehensible, unfair,
and downright illegal. The people of
Bangladesh want a welfare-oriented
public policy regime governed by the
principle of equity and fairness.
We, the people, would urge
the government and authorities
concerned to develop infrastructure
elsewhere, where a true need exists,

Open to all?
and take every measure to bring
this field back to its original form.
Dhanmondi playground and all other
public fields are properties of the
people and is there for the purpose of
public welfare.
Does it make sense to build
another expensive structure that will
ultimately just fail and cost us heavy
financial and social damage? Has the
nation not learnt enough yet? Ceasing
these constructions is a much cleverer
public policy decision. This field,

SYED ZAKIR HOSSAIN

which is legally open to all, cannot be


arbitrarily used for certain interests.
I ask the authorities concerned to
step in and correct the monumental
loss that has been adversely affecting
the minds of children of Dhanmondi
and neighbouring communities who
are being deprived of an open field for
three long years. The collective loss is
difficult to quantify.
However, time is ripe, and I am
convinced that our MP in Dhanmondi
has a role to play in supporting

what is fair and ethical. The citizens


of Bangladesh and the people of
Dhanmondi brought him to power to
remain vigilant in these matters of
national importance and relevance.
If our members of parliament are not
vocal about justice and fairness, then
where will the public go?
The longer this matter drags on, the
worse the situation turns. Subsequently, public sentiment turns sour. This
matter should have been resolved by
now, but it amazes everybody that

Cut the Gordianknot

n Shams Bin Quader

Ziaur Rahman is CEO, IITM.

Dreams to reality

n Nur-al-Deen Zia

these things continue to go unresolved.


I will remain a perplexed citizen of
Dhanmondi till the matter is settled
on the grounds of equity and justice.
Hope has been raised through this
journey of reclaiming all open fields,
parks, and lakes of Bangladesh from
vested quarters on moral grounds. Let
the spirit of our citizens power rise
again. l

his year started with a rude


awakening for the elite Bangladeshi law enforcement agency,
Rapid Action Battalion, popularly
known as RAB. In an official letter to
the inspector general of Bangladesh
police, the United States authorities
notified that individual members and
units of RAB were ineligible for any
further US training and assistance
because of acts of gross violation of human rights committed by the members
this elite force.
This allegation against RAB is not
a new one. Since its inception as an
elite force in March 2004, RAB has
continuously been implicated in
gross violation of basic human rights.
Killing people with alleged criminal
backgrounds in the name of crossfire
became the signature tactic of the
force. Human rights groups so far
tallied more than 2,000 extra-judicial
killings which were attributed to RAB.
Despite all the initial allegations
against the battalion members, the
government of Britain and the US
continued their support for years.
While the battalion continued to
receive military training from Britain
and the US, despite all the allegations
of extra-judicial killing, the sudden
change in heart of the major western
backers of RAB is a clear indication
that something went very wrong with
the way RAB was perceived in the
West. The embargo on any further
US-sponsored training, which was put
on the members of RAB, is a major
blow to the credibility to a force which
earned its name and fame fighting
Islamic terrorism.
One possible reason the West might
have continued supporting RAB despite
allegations of extra-judicial killing was
its success in annihilating the homegrown Islamic terrorism that rattled
parts of Bangladesh during the early
part of the last decade. Other factors
that might weigh in the Wests decision
to support RAB was its widespread popularity, professional work ethics, as well
as its politically blind modus operandi.
However RABs work ethics and
professionalism started to take a turn
towards the worse with the ascent
of Awami League as the ruling party.
Starting as early as 2008, RAB, previously criticised for extra-judicial killings
of highly vetted criminals, allegedly
started getting involved in abductions
of businessmen and politicians. In
2009, three RAB men were arrestedon
charges of abducting two businessmen

and robbing them of gold and money.


In June 20, 2011, two RAB men were
captured by a crowd as they unsuccessfully tried to abductChowdhury
Alam, a local government leader and
opposition leader, from Gulshan. Later
a patrol team of police rushed to the
spot and rescued them. One of the rescued was a RAB personnel identified
by the media as ASI Md Billal Hossain
belonging to RAB headquarters. Five
days later, another group of people allegedly identifying themselves as RAB
members kidnapped Mr Chowdhury
Alam. He has not been seen since then.

It is high time to
take the sternest
decision regarding
this rogue force
Apart from abductions, extortion, and
robbery, RAB continued with extrajudicial killings through incidences
known as crossfires and shootouts.
In a recent development,Ain O Salish
Kendra, Bangladesh (ASK) cited49
incidents of extra-judicial killings by
law enforcement agencies, mostly
by RAB, only in the first the two
months of 2014.The organisation also
confirmed 179 extra-judicial deaths in
the year 2013. As a result of changing
tactics of RAB, ASK could directly
attribute 24 such deaths to RAB, 18 to
police, and foranother 137incidents,
an agency could not clearly be linked.
On February 11, 2014 plain-clothed
armed men identifying themselves as
RAB picked upMridul Kumar Chowdhuryin front of his house in Hazari
Lane area of Chittagong. Prior to the
incident, the gold trader lodged a case
against some RAB personnel as they
allegedly snatched a consignment of
gold he sent to Dhaka. In an interview
after being released from RAB custody,
Mridul Kumar Chowdhury said that
while being tortured by the abductors,
he was asked time and again how he
dared file the case against RAB.
However, a probe committee
consisting of law enforcement agency
members surprisingly quashed the allegation,clearing RAB of any involvement with the abduction.
The international human rights defender, Human Rights Watch (HRW),
in all its recent communiques regarding Bangladesh, has recommended

disbanding RAB. According to one of


its recent reports titled Democracy in
Crossfire HRW unambiguously attributed extra-judicial killings, enforced
disappearances, arbitrary arrests, and
unlawful destruction of private property to RAB personnel.
HRW also repeated its call to the
government to end the reign of impunity enjoyed by members of Bangladeshs
security forces working in RAB. They
also urged to try the RAB members
responsible for criminal offences.
Although RAB has been involved in
such crimes for the last several years,
the recent murder of seven people
in Narayanganj has put RAB back
into intense public scrutiny. As one
followed the series of events leading
to the discovery of seven corpses in
Shitalakhya, it seemed that RAB had
turned into a mercenary force, a ruthless group of professional killers, who
instead of working against the criminal
godfathers had started working for
the criminal godfathers in exchange of
hefty sums of money. Under intense
publicity of the incident and as a result
of loud public hue and cry, three senior
officers ofRAB, perceived to be responsible for the Narayanganj killings, have
been forced to go into retirement.
Data received from the RABHeadquarters says that almost 2,000 RAB
menfaced departmental action for
committing criminal offences since
2004. That means, on an average,
16 members of the battalionhad to
be disciplined every month.These
numbers draw an alarming picture of
the current state of RAB. First, when
2,000 members of a force with a total
membership of approximately 11,000
are convicted of criminal offenses
meaning nearly 1 in 5 RAB personnel
are convicted of some form of crime
and secondly when totally mind-blowing and credible allegations of acting
as professional killers on behalf of
notorious criminals surface against the
whole senior leadership of a battalion,
it becomes a very legitimate question
whether this agency should exist as a
guardian of the rule of law. One of the
most serious allegations about RAB is
that the government has lost its control over the force.
There are clear indications that the
force is totally demoralised and has
lost its way. It is high time to take the
sternest decision regarding this rogue
force and disband itif needed. The
sooner, the better. l
Nur-al-Deen Zia is a nationalist blogger. This
piece was first published in nuraldeen.com.

have been an academic for a long


time now. While working in the
field of education, I have had
to negotiate with numerous issues
associated with studying abroad. I had
to deal with students wanting advice
for their plans relating to studying
abroad and career choices. I myself
completed two degrees from abroad
(the first from the UK and the latter
from Australia), where I had to deal
with the universities, their scholarship
schemes, and the visa application
procedures as well as the challenges
of living, working, and studying in
foreign countries.
With my cumulative experiences
from these aforementioned matters, I
figured out that realising ones dream
of going abroad for higher studies,
and eventually working and making
a successful career anywhere in the
world, is a lot more taxing than one
would imagine. It is especially difficult
in these recent times, because there
are a number of variables involved,
all of which have to align in the right
way in order for this dream to become
a reality.
Having said that, the experience
of studying abroad is second to none
in a students life, and no matter how
difficult it is, it is worth pursuing as
the benefits of this foreign education
and experience outweighs the related
hassles by far. It is most important to
understand and have the correct information before making an informed
decision about whether to go abroad
for higher studies, and if yes, then
where to go and what to study.
The majority of the Bangladeshi
students have a dream of going abroad
for higher education. Usually, the biggest obstacle is money and necessary
academic qualifications. But with
the correct information about certain
countries, universities, subjects of
study, and scholarship schemes, it is
possible for any given student to gain
acceptance at a certain foreign university, without paying a ton of money.
First and foremost, one has to decide why he/she wants to go abroad.
Is it for higher education? Will he/she
finish his/her studies and come back
to Bangladesh and start their career locally? Are they looking to stay back at
the foreign country and build a career
internationally? Are they looking to
gain permanent residency or immigration to this foreign country? Is the
sole purpose of going abroad gaining
immigration to a foreign country?

These are all life-altering decisions


and should not be taken lightly. I am
not saying that these decisions cannot
be modified during the course of
time, because life is never constant.
But a strong idea about where ones
future lies is the single most important
decision regarding ones plan of going
abroad.
One has to know his/her options
and decide accordingly. If immigration
is the sole purpose, then one could
join a cheap Vocational Education and
Training course in agricultural work
or nursing, and immigrate to Australia
with a permanent residency, given the
Australian government has the necessary immigration scheme open for
people with said specific skills. New
Zealand, Canada, Germany, and Italy
are the other good options.
If studying abroad and working
for a few years to earn some money is
the aim, then one could do a two-year
hospitality diploma course in Germany, Sweden, or Canada where he/she
would have the work permit to work
and earn enough money to pay for
their living expenses and tuition, and
then work for three more years in that
country in the said field of study after
their diploma degree is complete. One
could obviously look for citizenship
or permanent residency options while
studying and working in the said
countries.

ladesh. I have had the opportunity of


talking with people from some of the
most popular education and career
consultancy firms in Dhaka. These
agencies and firms offer numerous
helpful services for the students, for
example, counselling them to choose
the appropriate subject of study,
university, and scholarship schemes,
helping them with IELTS exam preparations, university and visa application processes, arranging their flight
and accommodation details, arranging
events, fairs, and interview sessions
with foreign universities, etc.
These firms and agencies usually
take a fee for their services, but they
are worth the money spent, provided
they are efficient and trustworthy.
Therefore, choosing the appropriate
consultancy firm or agency according
to ones desired education and career
pathway is also important and can
make life a lot easier. Also, no agency
can magically do everything for you,
so you have to be vigilant, follow up
with them, and cooperate sincerely
with their efforts.
Going abroad for higher education
and making a career abroad is not
impossible but requires patience,
strong will, having access to correct
information and proper options, and
making the correct decision of why
one is taking this step to go abroad. A
well-thought out and well-informed

Returning to our country of origin provides us the


opportunity to give something back

Finally, if studying abroad with a


scholarship and then returning to
Bangladesh is the target, then there
are numerous reputed universities
with campuses in Malaysia, Thailand,
Singapore, Japan, China, Germany,
Australia, Canada, the USA and the
UK, which offer various scholarships
for international students. A student has to find the right subject to
study at the right university and the
scholarship scheme which suits him/
her perfectly. This whole process may
become extremely confusing and tedious, and that is where study abroad,
career counselling, and immigration
agents come in.
There are almost 700 registered
education consultancy firms in Bang-

decision can save you or your parents


a lot of money and time.
In my humble opinion, a Bangladeshi student should take the
opportunity to go abroad for higher
education, and then return to Bangladesh and use his/her knowledge
and experiences to contribute in the
development of this country. Various
scholarships and work opportunities
while studying abroad are available
for Bangladeshi students all around
the globe. But, returning to our country of origin provides us the opportunity to give something back to our
motherland. l
Shams Bin Quader is an academic of Media
and Cultural Studies.

12

DHAKA TRIBUNE

Entertainment

Sunday, May 18, 2014

Ami Shudhu Cheyechi Tomay


faces legal challenge
n Shadma Malik
The Ministry of Information, Bangladesh
has issued a letter to stop the screening of
the film Ami Shudhu Cheyechi Tomay, a
India-Bangladesh joint production. The film
has been directed by Ashok Pati and Ananna
Mamun and produced by Ashok Dhanuka,
and is currently being screened in 57 theatre
halls outside Dhaka since May 16.
Reba Rani Saha, Joint Secretary (Film)
from Ministry of Information confirmed
the Dhaka Tribune, A letter has been sent
to the censor board to halt the screening
of Ami Shudhu Cheyechi Tomay. The producers of the film distributed it, violating
regulations. We sent the letter to the censor
board on Thursday, and they are is taking
care of the matter. Further steps may be
taking place soon.
However, the director and writer of the
film, Ananna Mamun, tells the Dhaka Tribune: I heard the news from people, but
I have not yet received any kind of legal
letter.

Currently, we are screening the movie


and it is running at a full house. Ami Shudhu Cheyechi Tomay will be shown in the
cinemas of Dhaka from May 23. Since Children of War is running in the cinemas in
the capital, we pushed back its release in
the city, he said.
However, there is criticism stating that
the movie is a Kolkata-based flick starring
Ankush and Shubhasree of India in the
lead roles. The inclusion of Bangladeshi
production house Action Cut as a producer
of the film has raised questions, because it
is rumoured that it is an all-out Indian film
directed by Ashok Pati.
When asked about it, the director said:
The post-production was done in Bangladesh and the movie received uncut censorship. The producer came to Bangladesh
and received an approval letter from the
Ministry of Information, which is why we
started to shoot the movie. I would like
to ask: why now? Was everyone sleeping
during the process to approve the film?
Plotters are there to halt the screening. l

Shadhona to stage Mayar Khela today


n Entertainment Desk

Shadhonas acclaimed production Mayar Khela,


based on Tagores dance drama of the same title,
will be staged this evening at the National Theatre Hall of Bangladesh Shilpakala Academy.
Shadhona, which is famed for introducing
foreign dance genres in their productions, has
followed the form of the western opera in the experimental production.
Tagores Mayar Khela or The Play of Illusions delivers the message of the true beauty of

TODAY IN DHAKA
Film

Captain America:
The Winter Soldier (3D & 2D)
I, Frankenstein, Divergent
Time: 10am 10pm
Star Cineplex
Bashundhara City

Exhibition

National Sculpture
Exhibition
Group art show
Time: 11am - 7pm
National Art Gallery
Bangladesh Shilpakala
Academy
Mukh O Mukhosh 5
Time: 11am 8pm
Galleri Kaya, House no. 20,
Road no. 16, Sector no. 4,
Uttara

Farah Ruma and Shatabdi


Wadud pair for the first time
n Entertainment Desk
Famed small screen actor Farah Ruma and National Film
Award winner actor Shatabdi Wadud are pairing up for a
single-episode drama titled Nibhrito Shapno Aborte
The drama is written by Yusuf Ali Khokon and directed
by Zubayer Ibn Bakr. The plot follows a apparently happy
couple, Rimi played by Farah Ruman and Saif played by
Shatabdi Wadud, whose childless marriage begins to strain
the relationship. Saif knows he can never be a father as he is
physically sterile. But their lives get a new turn when they
go for a vacation to one of Saifs favourite destinations. The
play will be aired on a private channel during Eid. l

unconditional love.
The central characters of the dance drama are
Amar and Shanta. Seized by wanderlust, Amar
sets off from his home to explore what the external world has to offer.
During the course of his adventurous journey,
Amar falls in love with beautiful Pramada. Here,
the story reaches another height of suspense.
The dance drama is jointly choreographed by
Amit Chowdhury and Sabbir Ahmed Biju. The
performances allure lies in the Maya Kumaris
(maidens of illusion) who appear in very colour-

A tale of four women staged


n Hasan Mansoor Chatak
Love, war , sexual exploitation and
antagonism. Four words that could
be used to portray the theme of the
play Suchona staged at the Natmandol, University of Dhaka on May 16.
The play is adapted from the novella
Sheshpatro written by veteran actor
and theatre persona Abul Hayat while
theatre activist Rahmat Ali directed the
play on stage. Stage One Dhaka, a group
dedicated to staging new theatre shows
in town, designed the production.
Four prominent female actors of the
small screen Mita Chowdhury, Wahida
Mallik Jolly, Chitralekha Guha and Najnin Hasan Chumki formed the cast of
the play.
The play is about four courageous
women who face various difficulties in
their personal life and overcome hurdles through sheer force of personality
and determination. The narrative of
these four women is related to the Libration War of Bangladesh.
Four childhood friends meet at
Shellys place, in a remotely located resort. Shelly invites Rasheda, Sobita and
Tani. Rasheda is famous writer, Sobita
is famed singer and Tani works as development worker. Each woman starts
to reveal something of her story at this
retreat.
Although on the surface, everyone
seems happy, each has a skeleton in her
closet. Shelly was a freedom fighter who
fell into the clutches of the rajakars
(the collaborators) during the war. After
Independence, rejected by her family
she finds a place to live in a mental asy-

lum. A freedom fighter rescues her from


the asylum and marries her. But after
many years Shelly comes to know that
her husband is a fake freedom fighter
and actually served as the local collaborators during the war. When Shelly

Rahmat Ali said: With the consent


of the writer, a few dialogues and name
of the play has been changed. I think
the play carries the contemporary
context which is still necessary to be
staged.

comes to know the truth she imprisons


her husband in a room and invites her
childhood friends to execute him as
punishment. Since her friends refuse to
take this step, Shelly take the job in her
own hands and also poisons herself after killing her husband.

The play was written in 2005 and


aired as a television drama on a private
channel. Acclaim from the viewers inspired the organisers to bring the drama
on stage. As the play still carries currency, the organisers want to continue
staging for the foreseeable future. l

America Ferrera pranked on


red carpet of Cannes
n Entertainment Desk

John Abraham to promote


FIFA World Cup in India
n Entertainment Desk
Bollywood actor John Abraham, who is a self-confessed soccer fan, is all set to promote the upcoming
FIFA World Cup in India.
The 41-year-old Madras Cafe star has been roped
in by Sony Six for their campaign to build anticipation
for the football tournament.
It is a known fact that John shares a great deal of
love and passion for the sport and it is through this
partnership that we would like to build anticipation
for the upcoming FIFA event, the channel said in a
release recently.
The 20th FIFA World Cup is scheduled to take place
in Brazil from June 12 to July 13 this year. l

A man tried to crawl under How


to Train Your Dragon 2 star America Ferreras dress while she posed
yesterday with her co-stars at the
films premiere in Cannes, France.
The Ukrainian prankster got
onto the red carpet, then got on his
knees and tried to crawl under her
white tulle gown.
Ferrera and fellow actors Cate
Blanchett, Djimon Hounsou and
Kit Harrington were being introduced on the red carpet for the
photo call, when a man, who appeared to be wearing a official accreditation, disturbed proceedings
by crawling behind the cast and
placing his head underneath actress Ferreras dress. He was immediately led off and handed to a
policeman.
Cate Blanchett reacted saying
Whats happening? while Ferrera
looked visibly shocked.
The man is reported to be Vitalii Sediuk, an infamous Ukranian
television reporter who has pulled
several similar pranks in the past,
including kissing Will Smith at a
Moscow premiere, hugging Leonardo DiCaprios crotch at a Santa
Barbara Film Festival event, and
storming the Grammys stage during
Adeles acceptance speech. l

ful attire and vivid makeup. Their aerial dance


was extremely well-received by the audience at
previous showings of Mayar Khela.
The production features popular Tagore
songs such as Amaro Porano Jaha Chay, De Lo
Sakhi De, Ami Jene Shune Bish Korechhi Pan,
Dibasho Rajani Ami Jeno Kar and Era Sukher
Lagi Chahe Prem fusing eastern and western
musical arrangements.
Reaz Mahmud is credited with the light designing while Lubna Marium and Ali Ahmed
Mukul jointy designed costumes and set. l

A man invades the Red Carpet as Jay Baruchel, Kit Harington, America Ferrera, Cate Blanchett
and Djimon Hounsou pose at the How To Train Your Dragon 2 premiere during the Cannes Film
Festival on May 16

Hugh Jackmans
X-men homecoming
n Entertainment Desk
Hes still recovering from a skin
cancer scare, but
Hugh
Jackman
looked happy as he
hammed it up with
his co-stars at the
Australian premiere
of X-Men: Days Of
Future Past.
The 45-year-old
actor joined Game
Of Thrones actor
Peter Dinklage and
Fan Bingbing on the
red carpet at the
A-List event in Melbourne on Friday night.
Just last week the father of two had a basal cell carcinoma removed from his nose, stepping out for promotional
duties with a discreet band-aid covering the wound. I
tell you what, its great to be back home and not on the
X-Men diet. This City, the food is too good, Ive seen my
mother-in-law, everything is really great. Jackman said.
Jackman was all smiles on the frenetic red carpet
that attracted hundreds of fans to Melbourne Central.
The Australian actor said he was humbled by the reactions after going public revealing he had a second cancerous growth removed from his face this week.
Jackman said if what had happened to him makes
the public more aware, then thats a good thing.
I think Australia knows; I dont know if you guys realise this, the American doctor told me that the fastest
decreasing rate of melanoma is in Australia. So make
sure you get checked up, wear sunscreen unlike me as a
kid, thats the important thing. l

Did you know?


No World Cup host
country had ever
been eliminated in
the first round - until
South Africa in 2010

Sport

Sunday, May 18, 2014

14 Nadal fends off

Murray, Djokovic
subdues Ferrer

14 Juventus

look for more


records

DHAKA TRIBUNE

13

15 Felix aims to

get back on
track in 2014

Media bar on
BCB directors?
The Bangladesh Cricket Board (BCB) is
likely to establish a code of conduct for
its directors which will bar them from
leaking sensitive information to the
media.
The initiative is a possibility after
an anonymous BCB director leaked the
news of former Sri Lankan cricketer
Chandika Hathurusingha joining the
Tigers as the new head coach to a local
Bengali daily, a decision that the board
is yet to close and make public.
BCB chairman of media and communication Jalal Younus confirmed
Dhaka Tribune of the development
and said, I think a decision on this is
likely to come in the next board meeting. Sensitive information being leaked
by directors sometimes hampers the
boards job.
Roping in a head coach for the national team is one of the major issues
we are dealing with now. Confidentiality is a key factor before such deals
reach a concrete decision, Jalal explained yesterday.
The BCB director further added,
The president personally will look after singing of the code of conduct and
make sure that no trouble is caused in
future. As far as I know the president

will not be in mood to take things lightly if leaks happen once the disclosure
is signed.
Earlier, Hathurusingha, who is
currently serving New South Wales as
the assistant coach, reacted furiously
with the media personnels who
tried to contact him over the phone
to confirm the news of him taking the
Bangladesh job.
I dont know where you are getting
these things, Hathurusingha told a
private TV channel on Friday.

Sensitive information
being leaked by
directors sometimes
hampers the boards job
I am very happy what I am doing
here. I dont want to talk to anyone
and I dont know who you are and I am
receiving calls from [journalists] every
other day, the 45-year old said.
I just dont know what purpose you
are talking about. I just dont want to
talk to anybody because it is not good
for my job here, he added.
BCB president Nazmul Hasan had
also hinted the media on Friday of taking necessary steps to stop informations being leaked out of the board. l

Alfaz makes top flight debut


The sudden departure of Mohammedans
Portuguese head coach Rui Jose Capela
Batista saw former national striker Alfaz
Ahmed make his debut as a coach of the
Black and Whites against Chittagong Abahani yesterday. Batista returned home
last Sunday due to his wifes sickness who
is reportedly diagnosed with cancer.
Alfaz, himself a Mohammedan legend, hung up his boots two seasons ago
after enjoying a glittering career which
lasted more than a decade. After obtaining his AFC C coaching license last
year, it was it was indeed a good start
as Mohammedan gifted him a win although not in a way he expected.
It feels really great (to coach Mohammedan). They played well but I
expected more goals, said Alfaz after
the game. I played for Mohammedan.
I love the club. I will support the club
as long as possible. I prepare myself in
that way, he added.

Unlike other coaches, Alfaz was hardly ever seen to move out of his seat in
the dugout out but the nervousness was
visible on his face throughout the game.
Mohammedan was not at their best and
even when they were leading, they were
seen in their own half most often.
When you are 1-0 behind, any team in
the world would be under pressure. There
was tension as it was my first match as
coach. Besides, our vital player midfielder
Hemnata couldnt play today (Saturday)
and Demien was not fully fit as well. So
we struggled a bit in midfield, said Alfaz.
When the talk was about Portuguese
coach Rui Capela Batista, Alfaz himself
looked baffled for a moment but he
got himself on track immediately. A
bit of pressure without the head coach
(Batista). He left suddenly but he will
come back may be in the next month,
Meanwhile, Mohammedan manager
Amirul Islam Babu said the club will
confirm the current and actual status
of the coach within two days. l

Mohammedan forward Zahid Hasan Emily (C) tries to control the ball during their Bangladesh Premier League match against Chittagong Abahani at the BNS yesterday

Emily carries MSC past Ctg Abahani


National
striker
Zahid Hasan Emilys
solitary goal allowed
Mohammedan
SC
salvage a hard-fought
1-0 win over Chittagong
Abahani
in
their
Bangladesh
Premier
League encounter at the Bangabandhu
National Stadium yesterday.
Emily netted the all-important goal
just a minute before the stipulated
opening half on his second attempt
after his initial effort from the penalty
spot was saved by Chittagong Abahani
goalkeeper Nahid Uddin. The strikers
seventh goal of the league also saw him
end his four-match scoring drought.
The victory lifted Mohammedan back
to third place with 26 points from 15
matches.
It was former national star Alfaz
Ahmeds debut match as the interim

BCB University T20 from tomorrow


GROUPS
The Walton Refrigerator University T20
Challenge 2014 is all set to roll on the
field tomorrow. The five-day long tournament will be played across three different venues at the Bangladesh Krira
Shikkha Protishtan (BKSP).
In order to restore the players quota
in both public and private universities
throughout the country, Bangladesh
Cricket Board (BCB) took the initiative
to launch the tournament with the participation of 12 universities 10 public
and two private universities.
Khaled Mahmud Sujon, chairman of
the BCB Game Development revealed
the details of the tournament at a press
conference held at the Sher-e-Bangla
National Stadium (SBNS) yesterday.
Through a lottery the teams were
picked and placed over four groups.
The tournament will proceed on

Jagannath University, Islamic


University Kushtia, University of
Liberal Arts of Bangladesh (ULAB)

Dhaka University, Rajshahi University, Chittagong University

American International University


Bangladesh (AIUB), Noakhali University of Science & Technology,
Jahangirnagar University

Khulna University, Bangladesh


Agricultural University Mymensingh, Jatiya Kabi Kazi Nazrul Islam
University

the basis of the league system, where


each team will get to play two matches
at the group phase. Each group champions will go through to the semifinals
slot, said Mahmud.
Weve earmarked a handsome budget

of Tk 17 lakh to run the competition and


bear the entire expenditure of the tournament. The champions will be awarded
with Tk100000 while the runners-up will
receive Tk50000. Apart from that, man of
the match from each game will also be rewarded, Mahmud informed.
Kazi Inam Ahmed, chairman of the
BCB Marketing and Commercial Committee, said the initiative praiseworthy. If it can influence the authority
concern to restore the players quota in
the educational institution it can open
the gate for the players to be educated.
Itll ultimately enrich the sports arena
of the country, said Inam.
SM Zahid Hasan, executive director
(policy & HRM) of Walton, Uday Hakim,
operative director (creative & publication) Walton and Ziaur Rahman Topu,
member of the BCB tournament committee were also present during the
press conference. l

(L-R) Ziaur Rahman Topu, Khaled Mahmud, SM Zahid Hasan, Kazi Inam Ahmed and Uday Hakim attend a press conference at the
Sher-e-Bangla National Stadium yesterday
COURTESY

coach of the Black and Whites as the


clubs Portuguese head coach Rui Jose
Capela Batista left for his country on
last Sunday. Alfaz made little change
to their previous starting XI, but
youngster Hemanta Vincet Biswas
absence, who was suspended having
received a red card in their last match
against Sheikh Jamal DC, in the
midfield was immensely felt. Along
with an unfit Nigerian midfielder
Demian
Chigozie,
Mohammedan
struggled to control the midfield especially in the second-half.
However, the Black and Whites
made the first real attack with just
three minutes into the game. Cameroonian defender Bayebeck Fombagnes
header on a cross of Emon Mahmud
was tipped by Nahid before the woodwork came to the rescue of the Chittagong side.
A clever flick by Emily put Zongo
Ousseni in a snug position inside the
box in the 15th minute but the Burki-

nabe forward, who showed great skill


to loose his marker, shot wide.
Ismail Jahed squandered the best
chance of the game for the visitors in
the 25th minute when the midfielder
headed over the bar from the six-yard
box following a cross of Masuk Mia
Jony from the right flank.
The Black and Whites earned a
penalty in the 43rd minute after Nahid Uddin brought down Emily in the
middle of the box. Nahid didnt have to
do much to parry away Emilys weak
shot from the spot, but he was unlucky
to see the rebound fall right to Emilys feet who made no mistake to send
home on his second attempt.
Six minutes into the second-half,
following a through-ball of Zongo,
Sabuz raced towards the box but his
strike was deflected off the onrushing
goalkeeper. Sabuz was unlucky five
minutes later as this time it was the
crossbar that kept him away from doubling Mohammedans lead. l

MUMIT M

Power Development
Board lift premier
volleyball title
Bangladesh Power Development Board
(BPDB) emerged as the champions in
the National Bank Premier Volleyball
League beating Titas Club 25-23,
25-12, 25-18 in a highly competitive
concluding match at the volleyball
stadium yesterday.
Monir of BPDB was adjudged as the
best attacker while his teammate Ajoy
was named the best setter. Ali of BPBD
became the best libero.
The
managing
director
of
National Bank Ltd AKM Shafikur
Rahman distributed the prizes as the
chief guest. Volleyball federation
general secretary Ashikur Rahman
Miku, vice president Mostafa Kamal
and tournament committee chairman
Tabiur Rahman were also present
among others. l

AIUB-BCB
computer
lab launched
Bangladesh Cricket Board (BCB)
launched the AIUB-BCB Computer
Lab at the SAHARA-BCB National
Cricket Academy yesterday. The fully
equipped computer lab has been set up
by American International University
Bangladesh (AIUB) as a part of its
ongoing partnership with the BCB.
AIUB, as the BCBs official education
partner also arranges English language
classes, leadership courses, cultural
awareness, life skills classes and a
variety of other education programs
including
computer
fundamental
courses.
The beneficiaries of the BCB-AIUB partnership are the academy,
U-19, U-17, high performance teams,
members of womens team, member
of the pace foundation, various age
group trainees and cricketers of the national team.
AIUB also offers annual scholarships
to
six
cricketers
of
under-19,
academy and the national team in its
undergraduate and graduate degree
programs. The University plays a
significant role in the capacity building
of the BCB administration by providing
three full-time scholarships per year
for BCB officials.
Chairman of BCB game development
Khaled Mahmud, AIUB vice-chancellor
Dr. Carmen Z. Lamagna and BCBs acting CEO Nizamuddin Chowdhury were
present at the inauguration ceremony. l

Bangladesh Power Development Board players celebrate their NBL Premier Volleyball
League title at the volleyball stadium yesterday
COURTESY

Siddikur slips to 8th


Bangladesh golfer Siddikur Rahman
passed another frustrating day at the
ICTSI Philippine Open as the day-one
leader posted a woeful 4-over-par 76 in
the third round and slipped to joint 8th
position at the challenging Wack Wack
Golf and Country Club yesterday.
Korean-American Chan Kim grabbed
the third round lead in the $300,000 event
while overnight leader Marcus Both of
Australia shot a disappointing 76 to share
second place with Filipino Jay Bayron (69)
and Wang Jeung-hun (72) of Korea.
Starting the day on third, Siddikur
carded two birdies along with equal
number of bogeys in the opening half

of the third day. Then the EurAsia Cup


star rued two unlucky double bogeys
on holes 13 and 18 as he totaled with
1-under-par 215.
I was a bit unlucky. My ball was
plugged in the bunker in the 13th hole
and my tee shot on number 18 hit a tree
and landed in the bush. So I had to take
a penalty drop. Im still in a good position with one more day to go. Anything
can happen tomorrow. Hopefully I can
get my best round in the last round,
said the two-time Asian Tour winner.
Meanwhile, the other Bangladeshi
contestant Zamal Hossain shared the
62nd spot after carding a 6-over-par 78 in
the penultimate round for a 3-day total
of 10-over-par in the Asian Tour event. l

14

DHAKA TRIBUNE

Bolivian club signs President Morales


A first division Bolivian professional soccer club has signed President Evo
Morales to play midfield at a salary of $213 per month and expects the leftist
leader to make his debut in August, the head of the team said on Friday. The
54-year-old soccer fanatic will wear number 10 for the Sport Boys team, which is
based in the southeastern province of Santa Cruz and rose to become a division
one team last year. He loves soccer and he plays well, Sport Boys president
Mario Cronenbold told Reuters. Morales monthly paycheck will be in line with
the impoverished South American countrys minimum wage.
Reuters

Sport

Sunday, May 18, 2014

Marquez takes pole in France


MotoGP world champion and present series leader Marc Marquez took pole
position for the fifth successive race on Saturday as he timed fastest in qualifying for Sundays French Grand Prix. The 21-year-old Spanish Honda rider, who
was second in the race last year, secured the 42nd pole position of his career
ahead of compatriot Pol Espargaro (Yamaha Tech3) and Italys Andrea Dovizioso
(Ducati). Marquez has carried all before him this season winning all four races
and should he win on Sunday he would match Italian great Giacomo Agostinis
five straight wins to open the 1972 season.
AFP

Montella will stay at Fiorentina


Fiorentina chairman Mario Cognigni is 100 percent sure that coach Vincenza Montella will not leave the Serie A club at the end of the season. According
to local media reports, Montella is among the front-runners to replace Milan
coach Clarence Seedorf should the Dutchman be sacked in the summer as widely
expected. There is no chance that Montella wont continue to be Fiorentina manager. He is staying 100 percent, Cognigni said during a meeting with reporters in
Florence on Friday evening. Montella has not once showed us any signs that he
would like to leave. He has no desire to abandon his work.
Reuters

Nadal fends off Murray,


Djokovic subdues Ferrer
Rafa Nadal overcame a first-set thrashing by Andy Murray to reach the
semi-finals of the Italian Open with
a 1-6 6-3 7-5 victory that kept him on
course to meet rival Novak Djokovic in
Sundays climax.
World number one and seven-times
winner Nadal was a set down after only
37 minutes and trailed 4-2 in the decider, but kept his composure to book a
last-four clash with rising talent Grigor
Dimitrov.
On the other side of the draw,
Djokovic maintained his hopes of
a third Rome Masters title and 19th
Masters Series crown although he was
forced to dig deep to beat a tenacious
David Ferrer 7-5 4-6 6-3 in a high-quality quarter-final.
Wimbledon champion Murray won
the first five games in a blistering opening in which he limited Nadal to a handful of opportunities, including three
wasted break points in the third game.
Yet Nadal came back strongly at the
start of the second set, winning the first
three games after Murray took a knock

to his right knee stretching for a shot


that hindered his movement around
the court. Murray was visibly less mobile after that and Nadal powered on to
level the match.
It looked as though it would be plain
sailing from then on but Murray fought
back to lead a pulsating final set, only for
Nadal to break right back and take match
with a burst of nine points in a row.
Serbias Djokovic looked to be in full
control when he led 5-2 in the opening
set but Spaniard Ferrer fought back to
5-5 and although he lost the opener the
tone was set for an intense duel.
Djokovic eventually prevailed on
his second match point having double-faulted on his first, the point in between being a 38-stroke baseline rally
of extraordinary quality.
Djokovic will face Milos Raonic in
the semi-finals after the Canadian beat
Roger Federers conqueror Frenchman
Jeremy Chardy.
Dimitrov reached his first masters
Series semi-final when German veteran
Tommy Haas retired from their match
with a shoulder injury.
Celebrating his 23rd birthday Dimi-

trov was presented with a cake on the


court which his coach Roger Rasheed
splatted all over the Bulgarians face.
In the womens Italian Open at the
same atmospheric Foro Italico venue top
seed Serena Williams breezed past Shuai
Zhang 6-1 6-3 in a one-sided contest.
The American roared out of the
traps, winning five games in a row and
crushing any chance of resistance from
the Chinese.
Williams will get the chance to
avenge her Australian Open defeat to
Ana Ivanovic in the semis after the Serbian 11th seed followed up her impressive win over Maria Sharapova with a
thrilling 6-4 3-6 6-4 win over Spains
Carla Suarez Navarro.
Home fans were given something to
shout about when Sara Errani reached
the semi-finals with a superb 6-3 4-6
6-2 victory over world number two Li
Na - her first career win against a player
ranked in the top three.
The Italian will have another tough
challenge in the semi-finals in the
shape of world number eight Jelena
Jankovic, who beat Agnieszka Radwanska 6-4 6-4. l

Nadal reacts during his match against Murray during the Rome Masters Tennis tournament at the Foro Italico in Rome on Friday

AFP

Three World Cup cities at PSG, Man City punished for excessive losses
higher dengue risk: study
Three Brazilian host cities - Fortaleza,
Natal and Recife - are at higher risk
than the other nine of a dengue fever
outbreak during the World Cup, scientists said on Saturday.
In absolute terms, the risk is low
in all Cup venues, but comparatively
greater in the three northeastern cities
and authorities should beef up steps to
prevent an outbreak, they said.
A potentially dangerous fever
caused by a virus for which there is no
vaccine or cure, dengue is transmitted
by the Aedes aegypti mosquito when it
takes a blood meal.
Doctors last year sounded the alarm
over dengue at the June 12-July 13 tour-

nament. The disease is endemic in Brazil, which is expected to lure hundreds


of thousands of football visitors.
Writing in the journal The Lancet
Infectious Diseases, a team of European and Brazilian experts crunched the
numbers to pinpoint areas of risk.
They looked at real-time weather
patterns provided by four meteorological agencies, particular rainfall which
affects mosquito breeding.
They matched these against 13 years
of data from prior dengue outbreaks
in the month of June in 553 microregions of Brazil, including the 12 tournament host cities.
The researchers factored in the
dynamics of how a dengue outbreak
builds up. l

Manchester City and Paris St Germain,


two of the newly rich clubs in European soccer, have been fined up to 60
million euros ($82.23 million) and had
their squads capped for next seasons
Champions League after breaching UEFAs financial rules.
As part of their settlement with
UEFA, Premier League champions City,
owned by Abu Dhabis Sheikh Mansour,
and Qatari-owned French champions
PSG have also agreed to curbs on transfer spending over the next two seasons.
City said their transfer spending
would be capped at a net figure of 60
million euros this summer but added
that the restrictions would not greatly
impact their plans.
The deals broadly matched recent
media reports of the likely sanctions

Belgian entrepreneurs Fabio Lavalle (L) and David Dos Santos pose with the diabolica trumpet
in Mons on Friday. Ear-splitting vuvuzelas were an ever-present backdrop to the 2010 World
Cup finals in South Africa. Four years on, two Belgian entrepreneurs hope to fill stadiums in
Brazil with the high-pitched noise from plastic trumpets dubbed diabolica
REUTERS

Pressure mounts on EPL


chief in sexism row
The English Premier League chief at
the centre of a sexism row came under
fresh pressure to quit his post on
Saturday.
Last week Britains Sunday Mirror
newspaper published leaked private
e-mails sent by Premier League chief
executive Richard Scudamore in which
he made crude references to a woman colleague and also included jokes
about female irrationality.
Now Scudamore has been urged
to consider his position by Heather
Rabbatts, an independent board
member of the Football Association
and one of the most prominent women
in English football, in light of growing
evidence of a closed culture of sexism

tion.
PSG and City will each get 40 million
euros of the fine back should they stick
to the terms of their settlement with
UEFA in coming seasons.
They will only be able to name 21
players in their Champions League
squads for next season, while rivals
will be able to pick from a pool of 25.
They are also not allowed to increase
their wage bills next season.
City, who have spent hundreds of
millions of pounds since Sheikh Mansour bought the club in 2008, said they
expected to move into profit from next
season after heavy losses to build a
team to compete with the best in Europe.
City said they believed they would
comply with all UEFAs conditions and
be free of any restrictions for the start
of the 2015-16 season.

They posted combined losses of almost 149 million pounds ($250.76 million) for the past two seasons - 97m in
2012 and 51.6m in 2013.
PSG said it accepted the sanctions
although they would be a tremendous
handicap in competing with top European teams.
In doing its sums, UEFA angrered
PSG by assigning a lower value to a controversial sponsorship deal the club has
with the Qatar Tourism Authority that
was reported to be worth 200 million
euros per season.
UEFA has handed lesser punishments to seven other clubs including
Galatasaray of Turkey and Russias Zenit St Petersburg. Two other Turkish
teams - Bursaspor and Trabzonspor along with Russian teams Rubin Kazan
and Anzhi Makhachkala and Levski Sofia of Bulgaria were also sanctioned. l

Stake your World Cup claim: Prandelli

Falcao returns
to training with
Monaco
Colombia striker Radamel Falcao returned to training with his Monaco
teammates on Friday for the first time
since injuring his knee in January, the
Ligue 1 club announced.
Falcao, 28, suffered a torn anterior
cruciate ligament in his left knee during
a last-32 French Cup match against amateur side Chasselay, ruling him out for
the rest of the season and putting his
participation at the World Cup in serious doubt. However, he has been included in Jose Pekermans provisional
30-man squad for the finals in Brazil in
the hope that he can recover in time.l

under new rules that prevent clubs


from running up unlimited financial
losses.
City made clear that they had reluctantly agreed a deal with UEFA, believing they had complied with the rules.
However, had they fought on they
would have risked a ban from next seasons Champions League.
This will effectively be the end of
the process unless rival clubs decide
to challenge the punishments as too
lenient.
Critics of the Financial Fair Play
rules say they will entrench the established order in European soccer and
prevent teams with wealthy owners
from challenging the elite.
They also said that the threat to ban
teams from Europe was a hollow one
as UEFA would not want to weaken its
lucrative Champions League competi-

at the Premier League.


No one can doubt the tremendous
achievements of the Premier League
in creating one of the worlds great
footballing competitions, Rabbatts
said in a statement issued Saturday.
But with that success and the
massive public interest it generates
comes the obligation to behave
responsibly and have in place proper
lines of accountability and good
governance.
FA chairman Greg Dyke, while calling Scudamores comments totally
inappropriate, has said the governing
body will not be taking action as our
policy has always been that we do not
consider something stated in a private
email communication to amount to
professional misconduct. l

Italy coach Cesare Prandelli called on


his fringe players to stake their claim
for a World Cup place during an upcoming training camp that will see
seven players cut from his provisional
30-man squad.
Two years after a surprise appearance in the final of Euro 2012, Prandelli
embarks on a first World Cup campaign
hopeful of putting the Azzurri in contention for a record-equalling fifth
World Cup triumph.
The 56-year-old insists that that
dream can only take shape once Italy,
who have dropped to ninth in FIFAs
rankings, successfully negotiate passage through a Group D composed of
England, Costa Rica and Uruguay.

Prandelli told Gazzetta dello Sport


on Friday: First, we have to pass the
first round and then we have to organise as best we can to get to the final. I
want to go to the final. Now, we have 10
days of training in which I will also be
taking into consideration the results of
scientific tests, without having to rely
solely on what I see, said Prandelli.
Among the strikers, only AC Milans
Mario Balotelli has cemented his place.
It means veteran Antonio Cassano (Parma), Giuseppe Rossi (Fiorentina), Torino striker Ciro Immobile -- Serie As
top scorer this season so far on 22 goals
-- and Mattia Destro (Roma) will all be
under the microscope.
Prandelli added: Both of them could
make the trip: Im not excluding anyone.
Immobiles sterling season has al-

Juventus look for more records


Champions
Juventus
take aim at an all-time
Serie A points record on
Sunday as a four-horse
race which could see Milan coach Clarence Seedorf relieved of his duties ensues for
the final Europa League place.
Crowned champions with two
games to spare, Antonio Contes side
are looking to add another record to
their impressive list by becoming the
first champions with at least 100 points.
Juves 32nd win of the campaign last
week was a record in itself and took the
Bianconeris tally to 99 -- surpassing
the previous record of 97 by Inter in
2007.
A draw at home to Cagliari on Sunday would be enough, but midfield
maestro Andrea Pirlo told Sky Sport:

Weve got a chance to finish on 102


points, and were not going to miss it.
With Juve joined in the Champions
League by Roma and Napoli (qualifying

FIXTURES
Catania
Genoa
Juventus
Chievo
Fiorentina
Lazio
Milan
Napoli
Parma

v
v
v
v
v
v
v
v
v

Atalanta
Roma
Cagliari
Inter
Torino
Bologna
Sassuolo
Verona
Livorno

stages), seven-time European champions Milan are set to miss out on Europe
altogether.
Seedorf is expected to be replaced
whether or not Milan upset predictions

and squeeze into sixth spot to claim a


place in the Europa League.
Despite being able to boast a superior statistical record than predecessor
Massimiliano Allegri, who was shown
the door in January, Seedorf has failed
to win over club owner and president
Silvio Berlusconi.
If Milan are to upset predictions,
they need a win at home to Sassuolo,
Torino to lose at Fiorentina and for Parma to draw or lose away to Napoli.
Long dismissed as the other Turin
club, Torino ravel to Florence armed
with the added incentive of Ciro Immobiles hunt for the Capocannoniere awarded to the leagues top scorer.
Immobile leads the league on 22
goals, two more than Veronas Luca
Toni (20) and three in front of Juventus
striker Carlos Tevez (19), a feat which
earned him a place in Italys 30-man
provisional squad for the World Cup.l

ready impressed Prandelli, who believes the 24-year-old could go on to


make a starring appearance by emulating Italian legends Paolo Rossi and Salvatore (Toto) Schillaci.
Rossi scored six goals on his way to
Italys World Cup triumph in 1982 while
Schillaci became a huge star in 1990
when, after coming on as a substitute
in the first game, he cemented his place
to go on and score six goals to also win
the competitions Golden Boot.
He (Immobile) has scored a lot of
goals and silenced the critics who said
he was only a boy, said Prandelli.
Ten months ago he wasnt in contention, but thanks to his stubbornness
he is now. In the history of the World
Cup, other strikers have emerged like
this - Paolo Rossi, or (Toto) Schillaci. l

United sign Serbian


youth goalkeeper
Managerless Manchester United have
agreed a deal with FK Vojvodina to
sign Serbia youth goalkeeper Vanja
Milinkovic, the English Premier League
club said on Saturday.
The 17-year-old will stay with the
Serbian side next season before moving to Old Trafford to provide competition for first choice number one David
de Gea.
Milinkovics transfer is the first by
the 20-times English champions since
they sacked manager David Moyes,
who replaced legendary predecessor
Alex Ferguson, in April after a disappointing first campaign.
Dutch coach Louis van Gaal is widely expected to be announced as the
new head coach of United, who finished seventh in the league last term. l

DHAKA TRIBUNE

Sport

15

Sunday, May 18, 2014

Phelps steps up
comeback with
butterfly win

QUICK BYTES

Womens kabaddi
team hold West Bengal
Bangladesh womens kabaddi team
drew 21-21 with the West Bengal womens kabaddi team in their Friendship
Series in Kolkata, West Bengal yesterday. Subrata Mukherjee, the Public
Health minister of West Bengal and
the president of West Bengal Kabaddi
Federation inaugurated the event as
the chief guest. AFM Iqbal bin Anwar
Dawn, the additional director of Walton
was also present on the occasion.
RM

Olympic legend Michael Phelps


stepped up his return to competitive
swimming Friday with a 100m butterfly triumph at the Charlotte Grand Prix,
his first finals win since the London
Games.
Phelps, who retired after the 2012
Games with a record 22 Olympic medals - a staggering 18 of them gold launched his comeback last month in
Mesa, Arizona, where he won his 100m
fly heat but finished runner-up in the
final to US Olympic teammate Ryan
Lochte.
On Friday, Phelps led at the 50m
mark and won in 52.13sec, with Pavel
Sankovich of Belarus second in 52.72
and Singapores Joseph Schooling third
in 52.95.
The American superstars winning
time was the exact same time he produced in his runner-up finish to Lochte.
Phelps also swam in the 200m freestyle heats on Friday morning, squeezing into the final but opting not to swim
it in the evening.
He didnt look overjoyed in his postwin interview, but for now, he said,
consistency and a 200m free time that
will allow him to swim the event at
the US championships in August, if he
chooses, are enough. l

Johnstone win Scottish


Cup for first time
St Johnstone won the Scottish Cup
for the first time in the clubs 130-year
history after beating Premiership rivals
Dundee United 2-0 at Celtic Park on
Saturday. The Saints went ahead in
first-half stoppage-time when Steven
Anderson headed in from close range
after United goalkeeper Radoslaw
Cierzniak flapped at a corner. And
they sealed victory six minutes from
full-time when, with the ball having
deflected into Uniteds box, the chasing
Steven MacLean scored while flat out
on the turf.
AFP

Silva says hopes to


return to AC Milan
Paris St Germain defender Thiago Silva
says he wants to follow compatriot
Kaka and return to AC Milan later on in
his career. I hope to follow Kakas footsteps by one day coming back to Milan,
he said in an interview with Sky Sport
Italia. The Brazil international spent
four years at Milan after signing from
Fluminense in 2008. During his time in
Italy he won the 2011 Serie A title and
an Italian Super Cup. Fellow Brazilian
Kaka returned to Milan last year after
four years at Real Madrid. Milan was
a wonderful time for me. Its a shame
I went away without saying goodbye,
but it was only because I didnt know
that I would be leaving, he added.
Reuters

Pakistan court
reinstates Zaka Ashraf
Pakistani cricket turmoil deepened
Saturday after an Islamabad high court
suspended a management committee
appointed by the prime minister and
reinstated Zaka Ashraf as chief of the
cricket board. Pakistans Prime Minister
Nawaz Sharif had sacked Ashraf on
February 10 this year and appointed a
committee chaired by Najam Sethi to
oversee cricketing matters. Saturdays
order meant all decisions taken by Sethi
are now null and void - including the
appointments of head coach Waqar
Younis and Zimbabwean batting coach
Grant Flower. It is the third time Ashraf
has been reinstated since May last year.
AFP

Cambiasso free to
leave Inter: club
Argentinian midfielder Esteban Cambiasso has been told he can leave Inter
Milan after the Serie A giants refused
to offer him a new deal. Cambiasso has
spent 10 years with Inter after joining
from Real Madrid in 2004 after just two
seasons with the Spanish league giants.
Inter sporting director Piero Ausilio
revealed on Saturday the 33-year-old
Argentinian -- who is not selected for
the World Cup -- is now surplus to
requirements. We explained to him
that as part of our strategy to freshen
up the squad we wont be offering him
a new deal, said Ausilio. Weve never
spoken about money, hes never asked
for anything in that sense. In any case I
like to think that hes the sort of person
who will come back to Inter in some
shape or form one day.
AFP

DAYS WATCH
Sony Six
Indian Premier League
4:30PM
Chennai v Bangalore
8:30PM
Hyderabad v Kolkata
8:00AM
Major League Soccer 2014
Seattle Sounders v San Jose
Earthquakes
2:00PM
Red Bull Air Race World
Championship
Kuala Lumpur
Star Sports 2
3:00PM
MotoGP: France
Main Race
8:00PM
Rome Masters, Final
12:45AM
Italian Serie A
Chievo Verona v Inter Milan

Atletico Madrid players and staff celebrate their league title at the end of the La Liga match against FC Barcelona at the Camp Nou stadium in Barcelona yesterday

AFP

Atletico win La Liga title after 18 years


n AFP, Barcelona
Atletico Madrid claimed
their 10th Spanish league
crown on Saturday but
first in 18 years after
coming from behind to
draw 1-1 away at title rivals

Barcelona.
Alexis Sanchezs stunning strike
fired Barca into the lead on 33 minutes,
but Diego Godins header four minutes
into the second-half was enough to
give Atletico the point they needed to
become the first side other than Barca
and Real Madrid to win La Liga in 10
years.
A point for both sides means that
Barca finish the season ahead of thirdplaced Real Madrid thanks to a bet-

ter head-to-head record, three points


adrift of Atletico.
The visitors had started brightly
but were dealt a huge blow after just
15 minutes when top scorer Diego Costa pulled up with the recurrence of a
hamstring injury that will also make
him a huge doubt for the Champions
League final against Real Madrid next
weekend.
Arda Turan was then also forced off
with a hip injury as Adrian Lopez and
Raul Garcia entered the fray.
Barca grew into the game as the half
developed and could have been ahead
when Pedro Rodriguez wastefully
headed over Dani Alves precise cross
from the right.
When the Catalans did go in front
just after the half hour it was in spec-

tacular fashion as Lionel Messi cushioned the ball into Sanchezs path on
the right side of the area, but despite
the narrow angle he managed to thrash
the ball high past Thibaut Courtois at
the Belgians near post.
Atletico forced a series of corners
without carving out a clear-cut chance
in their search for an equaliser before
the break, but the half-time whistle also
brought frustration on the part of the
Barca players as both Messi and Sergio
Busquets were booked for dissent.
However, Diego Simeones men only
had to wait a minute longer to be level as Godin rose highest in the box to
power home Gabis corner.
Barca then suffered an injury blow
of their own as Busquets had to be replaced by Alex Song, whilst Neymar

was also introduced by Gerardo Martino in the search for a winner.


Messi did have the ball in the net
with 25 minutes remaining, but he was
flagged offside as he latched onto a
loose ball inside the area.
Meanwhile, Real Madrid ended a run
of three league games without a win by
beating Espanyol 3-1 to end their league
season on Saturday, but Los Blancos
victory was overshadowed by injury
concerns over Cristiano Ronaldo and
Karim Benzema ahead of the Champions League final.
Ronaldo failed to start the match
despite being initially named in Carlo
Ancelottis line-up as he pulled out in
the warm up due to the recurrence of
a thigh muscle problem that has troubled him in recent weeks. l

LA LIGA
Team
1 Atltico Madrid
2 Barcelona
3 Real Madrid
4 Athletic
5 Sevilla

G
38
38
38
37
37

W
28
27
27
20
17

D
6
6
6
9
9

L
4
5
5
8
11

GD PTS
51
90
67
87
66
87
27
69
15
60

LAST 10 WINNERS
2013-2014
2012-2013
2011-2012
2010-2011
2009-2010
2008-2009
2007-2008
2006-2007
2005-2006
2004-2005

Atletico Madrid
Barcelona
Real Madrid
Barcelona
Barcelona
Barcelona
Real Madrid
Real Madrid
Barcelona
Barcelona

Felix aims to get back


Multi-medal winning athlete Allyson
Felix said Saturday that 2014 would be a
crucial year following her recent injury
setback, as she aims to make an instant
impact at the Shanghai Diamond meet.

Sri Lanka return


to winning ways
Sri Lanka secured their first victory on
English soil this season with a crushing 128-run win over Kent in a one-day
match at Canterbury on Friday.
The tourists made 301 for seven in
their full 50 overs after losing the toss,
Angelo Mathews top-scoring with 51 in

BRIEF SCORE
Sri Lanka 301-7, 50 overs
(A Mathews 51; R Joseph 4-59)
Kent 173, 36.3 overs
(A Blake 60; S Lakmal 3-16, T Perera
3-33, A Mendis 3-55)
Sri Lanka beat Kent by 128 runs
an innings where Lahiru Thirimanne
(49) and Dinesh Chandimal (47 not out)
also made significant contributions.
In reply, Kent were bowled out for
just 173 inside 37 overs with seamer
Suranga Lakmal (three for 16), leading
the attack. l

The four-time Olympic gold medallist makes her season debut in Shanghai on Sunday after suffering a miserable 2013, crashing out of the 200m race
at last years Moscow world championships with a hamstring injury.
Felix, who took gold in the 200m in
London, will be competing in the 400m
in Shanghai.
My focus last year was just all
about the world championships as it always is, so that is where I was focusing
to really peak at that time.
And so when I had my injury things
didnt go as planned, but youve just
got to learn from the experience and
keep moving, Felix told AFP.
Felix won her other Olympic golds in
London in the 4x400 and 4x100 relays,
while she was also part of the successful US 4x400 relay team at the 2008
Beijing Olympics. She is a previous Diamond League champion at 200 metres
and 400 metres, but won only two Diamond races last year. l

Arsenals Thomas Vermaelen (R) lifts the trophy as he celebrates with teammates after winning the FA Cup final against Hull City, at
Wembley Stadium in London yesterday
REUTERS

Arsenal end trophy drought with comeback win


n AFP, london

Aaron
Ramsey
scored an extra-time winner
as Arsenal ended
their nine-year trophy drought by coming from two goals down to beat Hull
City 3-2 in a gripping FA Cup final on
Saturday.
Appearing in their first ever major
final, Hull rocked Arsenal by going 2-0
up inside just eight minutes through
goals from centre-backs James Chester
and Curtis Davies.
But Santi Cazorlas sumptuous freekick reduced the arrears in the 17th
minute and after Laurent Koscielny
netted an equaliser with 19 minutes of
normal time remaining, Ramsey drilled
home the winner in the extra period.
It was the Welsh midfielders 16th
goal of a campaign that has seen him
emerge as Arsenals most influential
player and brought Arsene Wengers
side a first trophy since the 2005 FA Cup.
Wenger, who is still to extend his

contract, which expires shortly, has


now won five FA Cups, while Arsenal
have equalled Manchester Uniteds record of 11 successes in the competition.
Hull faded badly after their stunning
start, but Steve Bruces side could console themselves with the knowledge
that a Europa League place was already
secure.
Chester had unexpectedly overcome
a hamstring problem to take his place in
Hulls three-man defence, and nobody
could have predicted how quickly he
would have an impact on the game at a
muggy Wembley Stadium.
Hulls fans were still adjusting to
the novelty of seeing their side in an
FA Cup final when Chester put them
ahead in the fourth minute, clipping
the ball into the bottom-left corner
from Tom Huddlestones mishit volley.
Huddlestone had been picked out
by Stephen Quinn from a corner and
four minutes later, Arsenal were again
undone by a set-piece.
After Ahmed Elmohamadys freekick was partially cleared, Quinn put

the ball into the box from the left and


when Alex Bruces downward header
came back off the post, Davies rattled
the rebound home from a tight angle.
Arsenal continued to force the issue
in the second half and had three pen-

LAST 10 WINNERS
2013-2014
2012-2013
2011-2012
2010-2011
2009-2010
2008-2009
2007-2008
2006-2007
2005-2006
2004-2005

Arsenal
Wigan Athletic
Chelsea
Man City
Chelsea
Chelsea
Portsmouth
Chelsea
Liverpool
Arsenal

alty claims turned down by referee Lee


Probert in the space of 10 minutes.
Huddlestone appeared to drag Giroud back with his hand, Arsenal substitute Yaya Sanogo saw a header hit Jake
Livermore on the arms and Cazorla was
caught by Davies, but Probert allowed

play to continue on each occasion.


Amid the flurry of appeals, Koscielny headed wide from a corner, but in
the 71st minute the Frenchman found
the target.
Cazorlas corner was knocked down
at the back post and Koscielny swivelled to hook the ball home from close
range despite being flattened by Hull
goalkeeper Allan McGregor.
Giroud, twice, and Sanogo went
close in the closing minutes of normal
time and Arsenals dominance spilled
over into extra time, with Giroud heading a cross from Ramsey against the bar.
Wenger introduced Jack Wilshere
and Tomas Rosicky at half-time of extra time, but it was Ramsey who made
the difference, ghosting onto Girouds
back-heel and bludgeoning a crisp shot
into the bottom-right corner.
Arsenal goalkeeper Lukasz Fabianski gave his teams fans one last fright by
rushing out of his box and missing the
ball, but Hull substitute Sone Alukos
effort from out on the left bounced agonisingly wide. l

16

DHAKA TRIBUNE

Back Page

Sunday, May 18, 2014

AL: Modis majority will help BNP still unclear about gains
from Modi government
Bangladeshs cause
n

Emran Hossain Shaikh

Although the Awami League appears to


be uncomfortable with BJPs win, some
of its leaders are saying it will now be
easier for India to decide on some of the
outstanding issues with Bangladesh because the party has landslide majority.
Awami League, especially its chief
and Prime Minister Sheikh Hasina, has
always been known for having close ties
with Congress, who have done the worst
in the recent polls since independence.
Some ruling party leaders said
Bharatiya Janata Partys (BJP) result
was highly unexpected; they thought
BJP would win only a meagre majority
at best and form a fragile coalition government like the one it formed in 1997.
Faruque Khan, international affairs
secretary of the Awami League, said India would ensure a warm relation with

Bangladesh for regional peace and the


country has no alternative but to have the
Awami League in power in Bangladesh.
He also snubbed out chances that the
India-Bangladesh relationship would
change under the new BJP government.
Those, who want to see the destruction of India, are congratulating Modi.
Narendra Modi knows very well who believes in democracy and who does not,
said Syed Ashraful Islam, LGRD minister
and Awami League general secretary.
Long before AL, BNP congratulated
Modi for the massive win.
Ashraf also said: Some are saying that
because Congress is not there the Awami
League will not be there either. I want to
tell them that they do not have on idea
about democracy and foreign policy.
He also slammed the talk-show artists saying they did not have profound
idea about anything.

The Congress that orchestrated Indias


freedom, have lost in the election today.
People gave their reply because party did
not have any connection with them. This
is the lesson of democracy. One must keep
warm relations with the people, Ashraf
said, while addressing a programme in
the capital yesterday organised to observe
Sheikh Hasinas homecoming day.
Commerce Minister Tofail Ahmed
hoped the outstanding issues such as the
Teesta water sharing would be quickly
solved under the Modi government.
Prime Ministers International Affairs
Adviser Gowher Rizvi said because Indias foreign policy towards Bangladesh
was made on the basis of a concensus,
nothing will change. There is no reason
to think that we will allow anyone to put
pressure on us. The Awami League never bows before anyone, Rizvi said at a
BBC Sanglap in the capital yesterday. l

n Mohammad Al-Masum Molla

The BNP leaders are somewhat happy


with the Indian election results since
the pro-Awami League Congress lost
office, but they are still sceptical about
the benefits they might get from the
Narendra Modi-led new government.
For this, when contacted by the
Dhaka Tribune, many of the top BNP
leaders did not want to open up on record.
However, even before announcement of the full results, BNP Chairperson Khaleda Zia greeted Modi, the
would-be prime minister of India, on
Friday morning for his partys landslide
victory in the Lok Sabha elections.
The party leaders believe that Prime
Minister Sheikh Hasina has a good
personal relation with Congress chief
Sonia Gandhi and outgoing President
Pranab Mukherjee, and that the Hasi-

na-led government held the January


5 election with the blanket support of
the Congress.
Hasina does not have similar kind of
warm relation with the BJP leaders, the
BNP leaders observe.
They think with Modis triumph,
now the relation with India would be
state-to-state and people-to-people,
not with the Awami League only.
BNPs acting secretary general Mirza
Fakhrul Islam Alamgir said: We hope
that the longstanding disputes like border killing, Teesta water treaty and other issues will be settled [with the new
government].
Shamser
Mobin
Chowdhury,
vice-chairman of the party, echoed
Fakhrul saying that the Indo-Bangla tie
would reach a new height in the coming days.
Osman Farruk, an adviser to the
BNP Chairperson, said: The way the

Congress government took position


over the January 5 election, it seemed
that the people of Bangladesh are the
counterpart of Indian government.
Apart from bilateral issues, we believe
that the new government will reevaluate the Congress governments
blind support to the Awami League
government over the controversial
election.
In response to a question whether the new Indian government would
want to see early election in Bangladesh as demanded by many Western
countries, Shamser said it was difficult
to predict at this moment.
But India has a history of democracy, and BJP has come to power through
a democratic election. Naturally Indian
government would want to see a democratic process in Bangladesh, Shamser
told a programme in the city organised
by BBC Bangla Service. l

Pass rate: A boon or bane?


n Mushque Wadud

Guardians and students of Motijheel Ideal School scan through the notice board displaying SSC results in the capital yesterday RAJIB DHAR

SSC result 2014:


Boys outshine girls
n TazlinaZamila Khan

n Tarek Mahmud, Chittagong

question style is another thing increasing the pass rates, she said. I do not
think that the quality is falling.
Manju Ara also claimed that students,
and their guardians, were more diligent
about their studies these days, and that
also contributed to better result.
The facilities in schools have also
improved and teachers mentality to give
lower marks have changed, she added.
Rasheda K Choudhury, executive
director of Campaign for Popular Education, said it was logical to make a
student pass after 10 years of schooling,
but the issue of quality should also be
addressed as it affects higher education.
I want that every one passes in the
examinations, she said, adding, However, students with good results in public
exams are not doing well in university admission tests. We must find the reasons.
A former director of IER, who did
not want to be named, opined that
there should be an independent evaluation of students skills other than public examinations.
Meanwhile,
Education
Minister
Nurul Islam Nahid said the government
was working on improving the quality of
education in the country. l

Candidates set new record


in Chittagong

The male students had performed better


than female examinees in this years SSC
result in terms of GPA 5 and pass rate.
This year, some 1,426,923 students
appeared for the examination of which
731,690 were male and 695,233 were female students.
Around 1,303,331 students managed to pass the exam, where 671961
were male and 631,370 female. Male
students were also ahead of females
in terms of GPA 5 by secured around
12,826 more that the girls.
In terms of grades, 77,551 boys received
GPA 5 while 64,725 girls received an A+. In
2013, some 142,276 students received A+
and 91,226 students received GPA 5.
The pass rate of boys and girls were
at 91.84% and 90.81% respectively for
this year and the overall pass rate was
at 91.34 percent, posting a 2.31% increase compared to last year.
Education Minister Nurul Islam Nahid formally handed over a copy of the
results to Prime Minister Sheikh Hasina
at 10am yesterday. l

Pass rates and higher grades, like GPA5,


in public examinations have been significantly on the rise over the past few years.
Some educationists believe that despite the improved results, the quality
of education in schools may actually be
falling, while others think that pass rates
are increasing due to changes in the examination and evaluation systems.
Results show that the pass rate in
Secondary School Certificate (SSC) exams have increased substantially in
just seven years.
In 2007, the SSC pass rate was
58.36%, while the percentage rose to
91.34 this year.
The number of GPA5 achievers also
increased. A total of 142,276 students
got GPA5 this year, compared to 25,732
in 2007.
On the other hand, pass rates in national exams used to stand below 50
percent about two decades ago.
In 1990, the SSC pass rate was only
22.82% in the humanities group, while
it was 43.63% in the science group, according to the Bangladesh Bureau of
Education Information and Statistics.

There is a debate whether the increasing pass rates and GPA5 scores
mean that the quality of education has
improved, or fallen.
One group of educationists think
that the increasing pass rates have nothing to do with the education quality, but
more to do with the changing method of
checking exam scripts over the years.
Some claimed that the old philosophy of not giving full marks to examinees had also changed in recent times.
Jalal Uddin, director of Dhaka Universitys Institute of Education and
Research (IER), said with the increasing pass rates, a question remained on
whether the quality of education was improving or falling. Jalal also claimed that
sometimes, political and other external
factors determined the higher pass rates.
Manju Ara Begum, principal of Viqarunnisa Noon School and College, however, said the education quality was
not falling, but improving.
She attributed the higher pass rates
to changes in the examination and
grading systems, introduced in 2001.
In the (new) grading system, students normally get higher marks than
under the old system. And the creative

Chittagong Education Board this year


witnessed a significant rise in the pass
rate and number of GPA 5 achievers in
the recent Secondary School Certificate
(SSC) examinations in comparison to
the previous year.
A total of 91.4% of the examinees
passed this year's SSC and equivalent examination under the education
board, marking a 3.36 percent rise than
of the previous year, where 10, 884 students achieved GPA 5.
Out of 20 best schools ranked by the
education board, Chittagong Collegiate
School secured first position, Bangladesh Mohila Samity Girls High School
and College in second and Dr Khastagir
Government Girls High School secured
the third position.
The pass rate of male students was
at 92.33% while female were at 90.58%.
Dr Pizus Dutta, exam controller of
Secondary and High Secondary Education Board in Chittagong, disclosed the

figures while talking to the media at his


office yesterday.
Saying this years SSC results had
broken all previous records, he also
said the difference between students
performances in the city and remote
areas also went down significantly.
A total 92,123 SSC candidates from 963
schools under the education board took
part in the examination, where 276 candidates were absent and 31 were expelled.
A total 91 schools achieved a full
pass rate, while no school was found
without a single successful candidate.
Dr Pizus suggested to the students
to shift to vocational education in a
bid to boost the sector as an alternative
route to flourish jobs, like most developed countries.
Meanwhile, Suman Barua, college inspector of Secondary and High Secondary
Education Board in Chittagong, said the
number of seats in 218 colleges under the
education board will be able to cover the
successful students and urged students
and guardians not worry in this regard. l

101 gold bars, $40K seized at Dhaka airport


n Kailash Sarkar
In yet another seizure of gold haul,
Customs officials at Hazrat Shahjalal
International
Airport
yesterday
seized 101 gold bars weighing around
12 kilograms and arrested three
passengers of a flight coming from
Dubai.
Israt Jahan, Assistant Commissioner
of the Customs Department, said they

seized the gold bars after searching


bodies of the three immediately after
a flight of Biman Bangladesh Airlines
had landed in Dhaka around 10am. The
flight from Dubai had a transit in Sylhet
before it arrived in Dhaka.
The arrestees were Joynal Abedin,
32, Sabuj, 30, and Roman, 22.
Customs officials, after becoming
suspicious of the movement and
attitude of the three, subjected them to
body search while
they were crossing
the green channel.
When we searched
them, we found
the gold bars, said
Israt Jahan.
They hid the
bars inside their
shoes, belts and
other places in
their bodies, she
added.
According
to
Customs officials,

the arrestees boarded on the flight from


Sylhet during the transit. They suspect
that the detainees were members of a
ring involved in gold smuggling and
they came to Dhaka from Sylhet in an
attempt to carry the gold, smuggled
into the country from Dubai, out of
Dhaka airport.
Earlier on Tuesday, around 10
kilograms of gold were recovered
and a passenger was arrested in this
connection. Besides, officials seized
haul of gold bars on several occasions at
Dhaka, Chittagong and Sylhet airports
over the past few months.
Meanwhile, police arrested one
Nurul Islam with $40,000 dollars in
his possession at the airport yesterday
afternoon.
Inspector Shah Alam, officer-incharge of Airport Police Station, said
50-year-old Nurul Islam was arrested
around 3:30pm with the money.
Shah Alam said the arrestee failed
to provide required documents on the
seized dollars. l

Editor: Zafar Sobhan, Published and Printed by Kazi Anis Ahmed on behalf of 2A Media Limited at Dainik Shakaler Khabar Publications Limited, 153/7, Tejgaon Industrial Area, Dhaka-1208. Editorial, News & Commercial Office: FR Tower, 8/C Panthapath, Shukrabad, Dhaka 1207.
Phone: 9132093-94, Advertising: 9132155, Circulation: 9132282, Fax: News-9132192, e-mail: news@dhakatribune.com, info@dhakatribune.com, Website: www.dhakatribune.com

B3 Plans to de-risk too-

B4 What gets measured

big-to-fail banks face


hurdles in Europe, Asia

gets done

SUNDAY, MAY 18, 2014 www.dhakatribune.com/business

Banks trick to expand consumer loans Biman raises fare


BB has decided not to accept any request for increasing credit card limits
n Jebun Nesa Alo
The commercial banks want to extend
their credit card limits in an oblique
strategy to increase providing consumer loans as the industrial loans have remained sluggish.
But the central bank continues to
discourage such lending in the unproductive sector and has recently rejected an appeal of Dutch-Bangla Bank to
increase its credit card limit.
According to the Bangladesh Bank
sources, authorities of some commercial banks are trying to convince the
central bank high-ups for extending
the credit card limits amid poor industrial credit flow.
The central bank has recently relaxed travel quota rules, allowing a resident Bangladeshi national to spend up
to US$12,000 (Tk9 lakh) in a year while
travelling abroad.
But the annual current credit card
limit is Tk5 lakh without security money. As a result, the customers cannot
spend their travel quota facility by using international credit cards.
Bangladesh Bank has decided not
to accept any request for increasing
credit card limits and discourage banks
to provide loans in the unproductive
sector, said a senior executive of the
central bank.

A saleswoman swipes credit card at a superstore in Dhaka recently. Amid dull picture of
industrial loans, the banks want to raise limits of credit card borrowing to get some buzz
DHAKA TRIBUNE

He said the commercial banks


are interested to extend their credit card limits as they can earn profit
through high interest rates of consumer loans.
Besides, the banks have focused
on individual loans since the industrial loans flow has continued to remain
sluggish, the official added.
Banks are charging interest as high
as 30% on credit card loans whereas average lending rate on advance is

around 13.40% in the market, according to the central bank data.


The demand of credit card loans
has soared after relaxation of personal
travel quota rules.
Although Bangladesh Bank has
relaxed the travel quota rules due to
sufficiency of dollar reserve but, on
the other hand, it discouraged credit flow to the consumer sector, said
another senior executive officer of central bank.

The central bank has expressed its


concern over the aggressive consumer credit provided by the banks in last
year, which prompted it to decide not
to raise credit limit any further.
The consumer financing registered
a substantial 32% growth in the first
quarter of 2013 compared to a negative growth of 5% in the corresponding
quarter of 2012.
During the same period, total loan
growth increased by 0.83% from
3.06%, according to the central bank
data.
The consumer loan increased
by 10.5% to Tk28,021crore in AprilJune quarter of 2013 and over 18% to
Tk33,140crore in the July-September
quarter.
The industrial loan marked negative
growth of 3% to Tk1.47 lakh crore in
July-September quarter compared to
1.76% growth in the preceding quarter.
In January 2012, Bangladesh Bank
had slashed the loan margin ratio to
70:30 from 80:20 in housing finance
and the ratio for car loans and all other consumer financing to 30:70 from
50:50.
The central bank brought the changes in the margin ratios as consumer
loans were in rising trend despite its
repeated attempts to discourage consumer loans. l

to ease losses
n Muhammad Zahidul Islam
Biman Bangladesh Airlines is going to
increase air ticket fares from June in
different international routes to reduce
losses, sources in the national flag carrier said.
It has already raised fares for the
travellers in London, Kuala Lumpur
and Singapore routes.
While the fares have been raised for
both business and economy classes in
London route, only business class travellers have to pay higher prices in other
two routes.
Dhaka-London route is regarded as
the most popular route of the national
airlines. Biman officials said the fare
hikes will be made mostly for business
class seats.
They added the economy class fares
will also be raised by 5-10% in Kuala
Lumpur, Jeddah, Doha, Kathmandu
and Kuwait routes.
We have decided to increase fares
in some of Biman popular routes,
said Mohammad Shah Newaz, director
(marketing and sales) of Biman.
He added: Not only Biman but
some other carriers have also increased fares, some are going to make
the hike.
Shah Newaz said raising fare and of-

NPL major obstacle to


cut lending rate
n Tribune Report

A worker carries a carton of garment products ready for export at a factory warehouse in Tongi near the capital Dhaka
DHAKA TRIBUNE

RMG accessories makers assured


of policy support
n Tribune Report

The government would provide policy support to garment accessories and packaging
manufacturers to help the sub-sector grow
parallel to the apparel industry, one of the
mainstays of the countrys economy.
State minister for finance MA Mannan
gave the assurance while inaugurating a
project titled Bangladesh INSPIRED (Integrated Support to Poverty and Inequality
Reduction through Enterprise Development), funded by the Bangladesh government and the European Union, which aims
to develop SMEs in the country.
The industry is a promising one and
will get every policy support for growth like
apparel industry, the minister said.
The packaging and accessories makers
have enough contribution to the value
chain of the industries like clothing, leather,
pharmaceuticals and other exportable
items, which remained inattentive, he said.
He urged the entrepreneurs to ensure

workers rights and safety in the workplace


in line with the international standard
compliance.
The event was organised by the Bangladesh Garments Accessories and Packaging
Manufacturers and Exporters Association
(BGAPMEA).
The INSPIRED project, being managed
by the SME Cell of the industries ministry,
endeavors to enhance competitiveness and
sustainable pro-poor growth of SMEs in
selected sub-sectors of the economy.
Under the Programme, 6.5m will be
provided to business intermediary organisations to improve their competitiveness
in the sectors like agro-processing, natural
fibres, leather, plastics, light engineering,
electronics, furniture and textiles.
Exporters Association of Bangladesh
President Abdus Salam Murshedy said in
1980s, the apparel industry imported all
accessories from button to carton.
But now, our RMG backward linkage
industry supplies 99% accessories and

packaging items. So it deserves getting


some incentives, he said.
BGAPMEA President Rafez Alam
Chowdhury sought policy support to grow
parallel to the RMG industry.
We fail to grow at a pace like the apparel industry despite a lot of contribution we
have as a backward linkage industry. We
never got any incentive like other industries, he said.
The sector earned valuable foreign
exchange to the tune of more than US$4bn
annually during the financial year 2012-13
by exporting garments accessories and
packaging items, Rafez said.
The country has more than 1,200 garments accessories and packaging factories,
employing more than 3 lakh people.
First counsellor and head of cooperation
of the EU delegation to Bangladesh Philippe
Jaques, Project Director Farhad Uddin and
Director General-1 of Export Promotion
Bureau of Bangladesh Salahuddin Mahmud
were present at the launching ceremony. l

Increasing Non-Performing Loan (NPL)


in the banking sector has been identified as a major obstacle to reduce the
lending rate to a single digit as the
banks are incurring losses from the
classified loans. However, all the banks
are to pay tax on the classified loans.
Reduction of the lending rate largely
depends on loan recovery, classified
loan management and the overall
market scenario, said Golam Hafiz
Ahmed, CEO and Managing Director of
National Credit and Commerce Bank,
while addressing a press conference
held yesterday at its headquarters in
the capital to mark its 21st founding
anniversary.
As a huge amount of liquidity get
stuck as classified loans, from which
banks are not getting any return, while
they are to pay the interest committed
to the depositors, banks are unable to
manage their expenditures, and consequently the banks are to maintain the
high lending rates, he said.
Golam Hafiz stressed the need for
early disposal of the pending suits on
classified loans, so the loan recovery
will also be improved, which would be
able to support the banks to reduce the
lending rates.
Bangladesh Bank is now allowing
short-term foreign loans for the bus-

Top managerial level officials of NCC Bank are seen at a press briefing held yesterday at the
banks headquarters
DHAKA TRIBUNE

Airtels new CEO assumes office in June


n Muhammad Zahidul Islam
Mobile phone operator Airtel will
get a new chief executive officer and
managing director in June as the
incumbent Chris Tobit is resigning
from the office on contract expiry.
PD Sharma, CEO of Kolkata, West
Bengal and Orissa Telecom Circle of
Bharti Airtel, will replace Tobit, said
the operator sources.
Sharma already paid a visit to
Dhaka last week and saw for himself
the operations of Airtel Bangladesh.

Rubaba Dowla, chief service officer


and head of M Commerce in Airtel
Bangladesh, confirmed PD Sharmas
Dhaka visit.
The new CEO hasnt joined yet,
but we are expecting PD Sharma to
join with us any time in June, she
told the Dhaka Tribune yesterday.
During his visit last week, Sharma
went to Airtel head office in Dhaka
and meet some senior executives
on Thursday, sources said. Then, he
left for Kolkata on Friday.
Chris Tobit, first CEO of Airtel

Bangladesh, joined before rebranding Warid as Airtel in 2010.


His three-year contract with
company expired last year. However, Tobit has continued to serve before making the replacement.
Chris Tobit is also the current
chairman of Association of Mobile
Telecom Operators Association of
Bangladesh (AMTOB) board. After
leaving the Airtels charge, he will
also need to cease continuing the
chairmanship of AMTOB.
Presently, the Airtel is number

nessmen just to put pressure on the


local banks to cut their lending rates.
Though the banks were rigid to reduce
their interest rates, the banks are now
lending at 13% interest rate from earlier
15% to 16% rate, changing their earlier
stance, he added.
Banks got release from the huge
NPL burden in the last year, thanks to
the relax loan rescheduling offered by
Bangladesh Bank.
Among others, the ceremoney
was attended by NCC Bank Chairman
Nurun Newaz Salim, Vice Chairman
Mainuddin Monem, Cairman, Audit
Committee of the Board Amirul Islam,
Director M.A. Awal and Khairul Alam
Chaklader.
Nurun Newaz Salim said, if the
government reduces corporate tax, it
would contribute to reducing the lending rates of the banks.
All the banks have to reach a consensus and move together to cut the
lending rates, he said.
The NCC bank is now operating
across the country with 101 branches,
the bank announced 5% cash and 6%
stock dividend in the year 2013 despite
the dull business, said Golam Hafiz.
Capital Adequacy Ratio of the bank
remained above satisfactory level,
which is now 12%, credit growth was
13% and import growth was 15%, he
said. l

four mobile operator in Bangladesh


in terms of subscribers. As of April
2014, the number of subscribers
stood at 85.03 lakh with 7.3% of
market share.
In 2010, Bharti Airtel bought 70%
shares of Warid Telecom at $100,000.
Airtel purchased more 30%stakesof the company last year at $85 million, according to official documents.
The operator claims its total investment in the company is now $1bn,
making it the largest investment in
Bangladesh by any Indian company. l

fering discounts is a regular process for


an aircraft company.
Earlier in December last year, Biman
rearranged and increased fares in different routes.
The national airlines incurred a net
loss of Tk118 crore in the first eight
months of the current fiscal year. The
fare hike is an attempt to ease losses.
Biman recently decided to suspend
flights in some loss-making routes and
increase carrying Hajj pilgrims.
The Hajj flights are expected to help
the struggling company enhance revenue income.
Official sources said flights in some
important destinations like New Delhi,
Kolkata, Hong Kong and Yangon were
on the suspension list.
The airlines has already stopped
selling tickets and started withdrawing general sales agents from the four
cities.
Besides, the flight operations
in
Kathmandu,
Bangkok
and
Rome-Frankfurt routes are also being
assessed to see whether they should be
suspended to prevent further losses.
The Biman authority recently
calculated the unprofitable routes
would make another loss of Tk50 crore
in the final two months of current fiscal year. l

CNG station
owners threaten
indefinite strike
n Aminur Rahman Rasel
CNG refueling station owners have
warned they will go on an indefinite
strike across the country if their sevenpoint demands are not met by May 24.
President of Bangladesh CNG Filling Station and Conversion Workshop
Owners Association Zakir Hossain
Noyon issued the warning at a press
conference at Dhaka Reporters Unity
auditorium yesterday.
We are determined to enforce countrywide nonstop strike if the government
does not satisfy our seven-point demands
by the May 24 deadline, said Noyon.
CNG refueling station owners demanded CNG prices be raised when power price is raised, saying prices of both
the energy sources were interlinked.
For the owners, the margin at present is a mere Tk0.12 for per cubic metre
CNG after adjustment of all costs and
they demanded the margin be raised to
Tk2.98. They called for providing gas
connections for the 54 new stations.
The association demanded installation of Electronic Volume Correction
(EVC) metres at the refuelling stations by
replacing the existing ordinary metres so
that the bill could be generated accurately according to the pressure readings of
gas. The owners also asked for introducing fortnightly billing system in place of
the existing monthly billing.
According to the Energy Division,
CNG refueling station owners have been
expecting gas connections since 2009. At
present, they sell CNG at Tk30 per unit
and pay gas companies Tk23 for each
unit of gas, keeping a margin of Tk7.
On September 19, 2011, Bangladesh
Energy Regulatory Commission set the
price of CNG at Tk30 per cubic metre,
increasing the price by Tk5 from the
previous price.
Petrobangla currently supplies about
120 million cubic feet or 3.40 million cubic metres of gas every day, against the
demand of 130 mmcfd, to 585 refueling
stations across the country. The associations Vice-president Mohammad Irad
Ali, Joint Secretary Abdus Sattar, Finance Secretary AKM Alamgir Khan, executive member Abdus Shakur Chowdhury were present at the presser. l

B2
Bearish spell hits
stocks for 3rd
week
n

Bearish spell swept over stock market


for the third week in a row, as poor
earnings results that poured in the
market accelerated selling pressure.
During the week ended Thursday,
the benchmark DSEX lost 138 points or
3% to close the week at 4,417, slipping
to five-month low since January 9,
2014. The blue chip index DS30, however, shed 61 points or 4% to 1,604.
The DSE Shariah Index was down
28 points or almost 3% to 985. The
Chittagong Stock Exchange (CSE) Selective Categories Index, CSCX, fell
254 points or 3% to 8,509.
Trading continued to remain sluggish as the daily average turnover of
the week stood at Tk364 crore, registering a drop of 5% over the previous
weeks average of Tk383 crore.
The market witnessed four instead of usual five trading sessions
in the past week, as the market was
closed Tuesday due to public holiday
on the occasion of Buddha Purnima.
All the major sectors closed in red
during the week, food and allied was
the biggest loser of the week with 5%
loss, followed by pharmaceuticals
4%, non-banking financial institutions 4%, telecommunications 2.9%
and energy 2.5%.
Investor sentiment seems to be
highly bearish. Poor first quarter performance by listed companies and
banks reduction of capital market
exposure is getting heavier on market, said Lanka Bangla Securities, in
its weekly market analysis.
The High Court on Wednesday
scrapped the provision imposed by

Renata Ltd. -A
MBL 1st M. F.-A
Bay Leasing.-A
ACI Limited- A
G Next Fashions-A
Shahjalal Islami -A
BD Finance-A
Apex Footwear-A
SonarBangla Insu. -A
Rupali Bank - A

Company
MBL 1st M. F.-A
Bay Leasing.-A
ACI Limited- A
Shahjalal Islami -A
G Next Fashions-A
BD Finance-A
IDLC Finance -A
National Bank - B
LankaBangla Fin. -A
PragatiLife Insu. -A

-22.35
-19.35
-17.56
-16.43
-16.41
-14.47
-13.12
-12.21
-11.82
-11.24

(-) 3.39%

8508.8447

Closing (%
change)

(-) 2.80%

11204.3141

CSE LOSERS

(-) 3.70%

13657.0914

-25.62
-21.43
-18.88
-17.72
-16.49
-15.83
-15.63
-14.01
-13.14
-13.09

(-) 3.03%

1604.39147

Closing (%
change)

(-) 2.90%

Average (%
change)
-25.73
-20.38
-18.03
-17.73
-16.57
-14.79
-15.93
-13.59
-12.09
-11.86
Average (%
change)
-20.45
-19.11
-17.47
-16.42
-15.38
-15.25
-14.48
-12.30
-11.63
-10.50

ANALYST

Closing
average
858.45
6.72
27.82
202.31
16.21
11.87
13.51
397.60
20.57
61.46

Closing
average
6.65
27.59
200.61
11.71
16.34
13.50
45.66
11.55
45.75
161.10

Weekly
closing
850.80
6.60
27.50
202.00
16.20
11.70
13.50
397.60
20.50
60.40

Weekly
closing

Bank
NBFI
Investment
Engineering
Food & Allied
Fuel & Power
Jute
Textile
Pharma & Chemical
Paper & Packaging
Service
Leather
Ceramic
Cement
Information Technology
General Insurance
Life Insurance
Telecom
Travel & Leisure
Miscellaneous
Debenture

DSE
Million Taka
1605.88
751.07
463.23
1241.80
1138.26
1301.70
5.21
2089.23
2159.50
2.29
305.49
162.83
65.58
912.43
101.55
247.23
276.08
1325.73
89.82
310.85
0.86

Weekly
high
1150.00
8.90
34.40
248.80
19.70
12.80
16.60
466.90
21.50
71.90

Weekly
high

6.60
27.50
200.50
11.70
16.30
13.60
45.70
11.50
45.50
161.10

343,815

Traded Issues

304

Issue Gain
(Avg. Price Basis)

74

Issue Loss
(Avg. Price Basis)

229
1

Market Capital Equity


(Billion. Tk.)

2,267.63

Market Capital Equity


(Billion US$)

27.49

CSE key features


May 11-14, 2014
Turnover (Million Taka)

1,173.65

Turnover (Volume)

32,745,992

Number of Contract

45,806

8.90
34.10
250.00
13.00
19.50
16.30
52.60
12.00
51.50
175.00

Traded Issues

245

Issue Gain
(Avg. Price Basis)

56
181

Unchanged Issue (Avg.


Price Basis)

Market Capital Equity


(Billion. Tk.)

2,174.87

Market Capital Equity


(Billion US$)

26.36

Turnover
in million

846.00
6.50
27.50
187.00
15.00
10.70
13.00
397.60
19.60
60.20

Weekly
low

113.945
168.392
28.647
117.508
99.854
37.954
18.440
66.656
1.837
21.910

Turnover
in million

6.50
27.50
198.00
11.60
14.90
13.40
45.10
10.90
45.00
161.10

3.692
1.103
6.740
5.410
10.693
1.429
3.195
13.448
23.531
0.338

28.84
14.18
13.43
12.41
11.46
10.34
10.12
9.54
8.78
8.75

CSE GAINERS

Unchanged Issue (Avg.


Price Basis)

Weekly
low

Rahima Food -Z
JMI Syringes MDL-A
Kohinoor Chem -A
Pharma Aids A
Delta SpinnersA
Meghna PET Ind. -Z
Central Insur -A
CVO PetroChem RL-Z
Legacy Footwear -A
Imam Button -Z

Closing (%
change)

Latest
EPS
36.56
1.44
1.44
5.28
2.28
-0.88
1.22
-11.44
1.52
3.96

Latest
EPS
1.44
1.44
5.28
-0.88
2.28
1.22
-0.88
0.92
1.24
2.38

Latest
PE
23.5
4.7
19.3
38.3
7.1
-ve
11.1
-ve
13.5
15.5

Latest
PE
4.6
19.2
38.0
-ve
7.2
11.1
-ve
12.6
36.9
67.7

Company
Rahima Food -Z
Continental Insur. -A
Delta SpinnersA
JMI Syringes MDL-A
Midas Financing-Z
Imam Button -Z
Legacy Footwear -A
CVO PetroChem RL-Z
Standard Ceramic -A
Saiham Tex.A

Closing (%
change)
28.47
13.74
11.98
10.71
10.00
8.75
8.75
7.48
7.32
4.41

Average (%
change)
26.72
16.27
13.43
12.92
9.13
7.33
9.95
10.48
9.46
10.00
Average (%
change)
24.26
13.93
9.40
15.08
10.00
8.50
9.31
7.21
7.39
3.80

Closing
average
54.58
180.92
380.00
207.70
21.04
6.44
27.29
850.78
28.92
8.80

Closing
average
54.35
24.04
21.18
179.53
23.10
8.68
28.99
808.36
44.03
30.62

Weekly
closing
55.40
177.10
380.00
203.80
21.40
6.40
27.20
843.60
28.50
8.70

Weekly
closing
55.50
24.00
21.50
172.70
23.10
8.70
28.60
810.40
44.00
30.80

Weekly
high
56.00
186.70
393.00
216.00
22.20
6.50
28.10
900.00
30.20
8.90

Weekly
high
56.50
25.00
21.90
184.00
23.10
8.70
30.00
810.50
44.10
31.50

Weekly
low
42.70
153.20
335.00
180.00
18.90
6.00
24.10
785.00
25.00
8.00

Weekly
low
42.50
24.00
19.00
154.00
23.10
8.00
26.00
800.00
39.60
29.30

Turnover
in million

Latest
EPS

23.523
89.561
1.920
127.475
123.815
0.138
10.294
188.032
13.261
0.932

Turnover
in million

-1.01
2.08
9.37
4.63
0.55
-1.33
3.64
-3.16
0.20
-1.85

Latest
EPS

1.965
0.110
12.350
11.117
0.012
0.063
5.936
8.400
0.317
1.151

-1.01
3.00
0.55
2.08
-6.91
-1.85
0.20
-3.16
1.32
3.09

Latest
PE
-ve
87.0
40.6
44.9
38.3
-ve
7.5
-ve
144.6
-ve

Latest
PE
-ve
8.0
38.5
86.3
-ve
-ve
145.0
-ve
33.4
9.9

Weekly news from trade server


ORIONPHARM: 15% cash, AGM:
22.06.2014, Record Date: 21.05.2014. EPS
of Tk. 4.06, consolidated NAV per share of
Tk. 65.23.
PURABIGEN: 15% stock, AGM:
29.06.2014, Record date: 21.05.2014. EPS
of Tk. 1.55, NAV per share of Tk. 13.83.
MBL1STMF: 3% cash, Record date:
02.06.2014. Earnings per unit of Tk. 1.44
for the year ended on March 31, 2014.
AIBL1STIMF: 5.5% cash, Record date:
02.06.2014. Earnings per unit of Tk. 1.49
for the year ended on March 31, 2014.
Audited/unaudited Financial Reports:
Unaudited Financials:
ULC: (Q1): NPAT= Tk. 60.02 million with
basic EPS of Tk. 0.47 (restated 0.43) as
against Tk. 54.98 million and Tk. 0.43
(0.39) respectively.
ONEBANKLTD: (Q1): NPAT=Tk. 51.40
million with consolidated basic EPS of Tk.
0.11 ( restated 0.10) as against Tk. 25.57
million and Tk. 0.05 respectively.
LINDEBD: (Q1): NPAT= Tk. 137.65 million
with EPS of Tk. 9.05 as against Tk. 196.39
million and Tk. 12.90 respectively.
IBNSINA: (Q1): NPAT= Tk. 16.77 million
with basic EPS of Tk. 0.86 ( restated 0.78)
as against Tk. 12.80 million and Tk. 0.66
(0.60) respectively.
BDSERVICE (Q1): NPAT= Tk. 66.22 million
with EPS of Tk. 0.90 as against Tk. 84.74
million and Tk. 1.15 respectively.
HEIDELBCEM: (Q1): NPAT= Tk. 404.53
million with EPS of Tk. 7.16 as against Tk.
470.54 million and Tk. 8.33 respectively.
UNITEDINS: (Q1): NPAT= Tk. 24.51 million

with basic EPS of Tk. 0.61 as against Tk.


22.45 million and Tk. 0.56 respectively.
PRAGATIINS: (Q1): NPAT= Tk. 34.99
million with basic EPS of Tk. 0.66 (restated
0.63) as against Tk. 66.57 million and Tk.
1.26 (1.20) respectively.
ISLAMIBANK: (Q1): NPAT= Tk. 384.05
million with consolidated basic EPS of Tk.
0.26 (restated 0.24) as against Tk. 278.22
million and Tk. 0.19 (0.17) respectively.
NBL: (Q1): NPAT= Tk. 356.60 million with
consolidated EPS of Tk. 0.25 (restated
0.23) as against Tk. (142.90) million and
Tk. -0.10 (-0.09) respectively.
PREMIERBAN: (Q1): NPAT= Tk. 206.51
million with consolidated basic EPS of Tk.
0.40 (restated 0.37) as against Tk. 16.40
million and Tk. 0.03 (0.03) respectively.
SHAHJABANK: (Q1): NPAT= Tk. -159.85
million with consolidated basic EPS of Tk.
-0.24 ( restated 0.22) as against Tk. 98.46
million and Tk. 0.15 (0.13) respectively.
EXIMBANK: (Q1): NPAT= Tk. -827.26
million with consolidated EPS of Tk. -0.72
(restated 0.64) as against Tk. -740.34
million and Tk. -0.64 (-0.58) respectively.
LANKABAFIN: (Q1): NPAT=Tk. 67.72
million with consolidated EPS of Tk. 0.31
as against Tk. 74.71 million and Tk. 0.34
respectively.
RANFOUNDRY: (Q1): NPAT= Tk. 7.67
million with EPS of Tk. 0.77 as against Tk.
7.52 million and Tk. 0.75 respectively.
RENATA: (Q1): NPAT=Tk. 403.30 million
with consolidated basic EPS of Tk. 11.42
(restated 9.14) as against Tk. 355.86 million and Tk. 10.08 (8.06) respectively.

ISNLTD: (Q1): NPAT= Tk. 0.53 million


with EPS of Tk. 0.05 as against Tk. (0.26)
million and Tk. (0.02) respectively. Accumulated profit/(loss) of the Company was
Tk. (1.19) million as on 31.03.2014.
NHFIL: (Q1): NPAT= Tk. 61.68 million with
EPS of Tk. 0.58 as against Tk. 0.54 million
and Tk. 0.01 respectively.
NITOLINS: (Q1): NPAT= Tk. 19.53 million
with basic EPS of Tk. 0.90 (restated 0.81)
as against Tk. 13.13 million and Tk. 0.61
(0.54) respectively.
RUPALIINS: (Q1): NPAT=Tk. 34.50 million
with basic EPS of Tk. 0.66 (restated 0.60)
as against Tk. 27.71 million and Tk. 0.53
(0.48) respectively.
PHENIXINS: (Q1): NPAT= Tk. 30.64
million with EPS of Tk. 0.76 as against Tk.
29.51 million and Tk. 0.73 respectively.
CENTRALINS: (Q1): NPAT= Tk. 37.85
million with EPS of Tk. 0.91 as against
Tk. 29.51 million and Tk. 0.71 (restated)
respectively.
ICBIBANK: (Q1): NPAT= Tk. (184.09)
million with EPS of Tk. (0.28) as against
Tk. (3.84) million and Tk. (0.006) respectively. Accumulated profit/(loss) of the
Company was Tk. (16,806.56) million as
on 31.03.2014 resulting total shareholders'
equity stands at Tk. (9,526.77) million.
IDLC: (Q1): NPAT= Tk. (44.94) million with
consolidated EPS of Tk. (0.22) as against
Tk. 102.67 million and Tk. 0.51 respectively.
EBL: (Q1): NPAT= Tk. 719.68 million with
consolidated EPS of Tk. 1.18 as against Tk.
149.32 million and Tk. 0.24 respectively.

Investor sentiment seems to be highly bearish.


Poor first quarter performance by listed
companies and banks reduction of capital
market exposure is getting heavier on market

SECTORAL TURNOVER SUMMARY


Sector

356,071,295

Issue Loss
(Avg. Price Basis)

4416.95723

DSE LOSERS

14,556.63

Number of Contract

Weekly capital market highlights


DSE Broad Index :
DSE - 30 Index :
CSE All Share Index:
CSE - 30 Index :
CSE Selected Index :

Company

Turnover
(Million Taka)
Turnover
(Volume)

Sunday, May 18, 2014

DSE GAINERS

DSE key features


May 11-14, 2014

the securities regulator for individual


sponsor-directors to always hold at
least 2% shares in listed companies.
Investors might have taken this
negatively, it said.
However, the Appellate Division on
Thursday stayed the order till May 22.
IDLC Investments said investment-hostile economic and political
state of the country strangled movements in the capital market, forcing
investors to rethink their exposure.
It said mixed quarterly earnings
and corporate declaration kept investors nervous throughout this week.
Investors confidence has been
hit as any definite stock-wise or sector-wise trend failed to emerge in the
market. Especially, financial sector
behaved erratically, reflecting investors underweighting of accounting
numbers in recent investment decision making, said the merchant
bank.
IDLC said forward looking participants remained on the sidelines,
considering over budgetary incentives to the market, resulting in sluggish turnover.
In the past week, two companies
Hwa Well Textiles and Wata Chemicals
began trading in the stock market.
Losers took a strong lead over the
gainers as out of 303 issues traded
during the week, 220 declined, 67
advanced and 16 issues remained unchanged on the DSE.
Grameenphone dominated the
weeks top turnover chart with shares
worth Tk67 crore changing hands,
followed by Matin Spinning, Square
Pharma, Lafarge Surma Cement and
Hwa Well Textiles. l

Tribune Report

Company

Stock

DHAKA TRIBUNE

% change
11.03
5.16
3.18
8.53
7.82
8.94
0.04
14.35
14.84
0.02
2.10
1.12
0.45
6.27
0.70
1.70
1.90
9.11
0.62
2.14
0.01

Million Taka
142.91
52.91
18.54
111.90
109.33
137.15
0.00
308.72
123.83
148.22
10.46
156.68
8.17
97.01
8.66
4.34
16.41
105.39
19.00
37.29
0.06

CSE

% change
8.84
3.27
1.15
6.92
6.76
8.48
0.00
19.09
7.66
9.17
0.65
9.69
0.51
6.00
0.54
0.27
1.02
6.52
1.17
2.31
0.00

Million Taka
1748.79
803.99
481.77
1353.70
1247.58
1438.85
5.21
2397.95
2283.32
150.51
315.95
319.51
73.75
1009.44
110.21
251.57
292.50
1431.11
108.82
348.14
0.91

Total

% change
10.81
4.97
2.98
8.37
7.71
8.90
0.03
14.83
14.12
0.93
1.95
1.98
0.46
6.24
0.68
1.56
1.81
8.85
0.67
2.15
0.01

Prepared exclusively for Dhaka Tribune by Business Information Automation Service Line (BIASL), on the basis of information collected from daily stock quotations and
audited reports of the listed companies. High level of caution has been taken to collect and present the above information and data. The publisher will not take any responsibility
if any body uses this information and data for his/her investment decision. For any query please email to biasl@bol-online.com or call 01552153562 or go to www.biasl.net

DSE TURNOVER LEADERS


Company
Grameenphone-A
Matin Spinning-N
Square Pharma -A
LafargeS Cement-Z
Hwa Well Textiles-N
Meghna Petroleum -A
BD Submarine Cable-A
Olympic Ind. -A
Emerald Oil Ind. -N
HeidelbergCement -A
CSE TURNOVER LEADERS
Company
Hwa Well Textiles-N
BD Submarine Cable-A
HeidelbergCement -A
Matin Spinning-N
Appollo Ispat CL -N
Grameenphone-A
City Bank - A
LafargeS Cement-Z
LankaBangla Fin. -A
Square Pharma -A

Volume
shares
3,496,141
10,338,600
1,719,374
5,973,000
9,167,500
1,364,034
1,972,577
1,520,441
6,414,000
634,880

Volume
shares
2,202,000
331,264
95,350
953,200
1,534,600
151,600
2,302,433
501,000
489,058
71,483

Value in
million
939.09
503.80
470.23
406.36
395.19
387.87
386.64
361.36
333.47
331.44

Value in
million
94.38
64.77
49.95
46.24
43.35
40.61
39.50
33.71
23.53
19.57

% of total
turnover
6.45
3.46
3.23
2.79
2.71
2.66
2.66
2.48
2.29
2.28

% of total
turnover
8.58
5.89
4.54
4.20
3.94
3.69
3.59
3.07
2.14
1.78

Weekly
closing
264.50
47.10
267.20
67.40
43.50
278.80
190.50
231.40
50.90
512.30

Weekly
closing
43.30
190.20
510.60
47.20
27.10
263.70
17.10
67.00
45.50
269.80

Price
change
-2.97
-1.26
-4.09
-2.60
0.00
-5.30
-1.50
-3.70
0.20
-6.02

Weekly
opening
272.60
47.70
278.60
69.20
0.00
294.40
193.40
240.30
50.80
545.10

Weekly
high
283.00
50.40
280.00
70.00
45.80
295.00
203.00
242.00
53.30
539.50

Weekly
low
250.00
47.00
250.00
66.10
35.00
261.00
177.00
218.00
50.50
500.00

Weekly
average
263.91
47.55
269.64
67.01
44.24
277.87
191.87
231.83
51.23
510.32

Price
change
0.00
-0.83
-6.14
-0.84
-3.21
-3.23
-4.47
-3.04
-11.82
-3.26

Weekly
opening
0.00
191.80
544.00
47.60
28.00
272.50
17.90
69.10
51.60
278.90

Weekly
high
45.60
202.00
545.00
50.50
29.30
279.00
17.80
69.60
51.50
278.10

Weekly
low
36.10
189.00
501.20
46.60
26.80
261.70
15.70
64.10
45.00
268.00

Weekly
average
43.88
191.56
508.08
47.39
27.16
263.84
17.06
66.95
45.75
270.73

DHAKA TRIBUNE

Business

Sunday, May 18, 2014

B3

Plans to de-risk too-big-to-fail banks face


hurdles in Europe, Asia

UCB holds
conference
on strategic
development

n Reuters, London

n Tribune Report, Chittagong

Global plans to prevent taxpayers from


having to pay for big bank failures are
at risk because banking supervisors in
Europe and Asia do not fully support
some of the proposals aimed at drawing a line under the 2007-2008 financial crisis.
Governments have paid out billions
of taxpayer dollars to bail out large
banks in trouble because of fears that
the fallout from a big collapse would be
too damaging.
But leaders of the worlds major
economies - the G20 - want to put an
end to the too big to fail phenomenon. They want the worlds biggest
29 banks to hold enough capital and
bonds that in a crisis they would not
have to be rescued by governments.
The G20s regulatory arm, the Financial Stability Board (FSB), wants them
all to hold a common cushion of
bonds that can be converted to equity
to help rescue or bail in the bank if all
other capital has been burnt through.
But there is resistance among supervisors in Europe and Asia to banks
having to hold what would be another
layer of capital.
FSB Chairman Mark Carney wants
a draft rule on the bail in bonds by
November, when G20 leaders meet in
Australia so they can move on from
crisis clean-up to growth promotion.
Supporters of a global standard say it
is needed because big banks operate
across borders.
Its very much in the interest of the
industry to find a solution to this because we want to get a consensus on
the view that too big to fail has been
eliminated, David Schraa, regulatory
counsel at the Institute of International Finance, a global banking lobby in
Washington, said.
But bankers, bank industry associations and regulators familiar with work
on the new bail in rule say Asian bank
supervisors argue that big banks in the
region have enough capital already and

Oil prices rebound


in Asia
n AFP, Singapore
Oil prices rebounded in Asian trade Friday
but gains were capped by weak economic
data from Europe and oversupply in the
United States. New Yorks main contract,
West Texas Intermediate for June delivery,
was up 39 cents at $101.89 a barrel in afternoon trade, while Brent North Sea crude
for July gained 20 cents to $109.29.
Gross domestic product across the
18-nation eurozone grew just 0.2% in
the three months to March, the Eurostat data agency said, much lower than
expectations for 0.4%. Eurozone GDP
was weaker than expected, Germany
is fine but the rest of Europe is struggling, Shailaja Nair, senior managing
editor at energy market information
provider Platts, told AFP. l

Lead_Bank of England governor and Financial Stability Board Chairman Mark Carney delivers a Financial Stability Board media briefing at
the Bank of England in London
REUTERS
do not need the additional cushion or
debt shield. They did not want to
specify which Asian countries.
Banks around the world are already
having to hold far more capital from
2016 as a result of new rules to strengthen them since the financial crisis.
In the European Union, central
bankers argue EU banks will already
have to contribute to central funds for
winding down failed banks and hold
bail-in debt under new European laws.
Industry regulators in the EU also
want the bail-in debt required in Europe to be accepted as a substitute for
what the FSB is planning. Some banking supervisors in Europe also argue
that capital banks already hold above

minimum requirements should count


towards bail-in debt.
In addition, this years EU bank
stress test is already pushing banks to
raise capital so supervisors are wary of
making additional demands on them to
issue bail-in bonds.

Global debt shield

Regional bickering over the plans highlights the difficulty of getting agreement on a one-size-fits-all rule that applies across the world.
But failure to get a global consensus
will give free rein to regulators to do
their own thing, creating a patchwork
of rules that would make it tough to
wind down an international bank.

For example, the U.S. Federal Reserve may propose its own debt
shield, requiring foreign banks to hold
capital and liquid assets in the country
to protect its taxpayers.
Regulatory hawks like the United
States and Britain want quite detailed
rules, while some Asian countries prefer less defined principles, banking officials said.
There are a range of views to be taken into account and refined and many
tough issues remaining, a person with
knowledge of the new rule said. There
will also be issues with banks that are
deposit rich and dont feel the need to
issue more debt instruments, the person said.

The FSB declined to comment. It will


publish the draft rule for public consultation after summit in November.
The worlds biggest banks are already expected to hold a capital buffer equal to about 10% or more of riskweighted assets. The extra cushion or
debt shield would come on top of this.
People are talking about total (debt
shield) and capital in the range of 17-20
percent, a U.S. banking official said.
A source at a European bank that
will need a debt shield expects it to be
around 10-13%, bringing total debt and
capital buffers to 20-25%.
On the quantity ... we are not seeking an amount ... capable of resurrecting any failing bank including the
global giants, Bank of England Deputy
Governor Jon Cunliffe said this week in
the first comments of substance on the
subject from a senior policymaker.
We want there to be sufficient capital to recapitalize the banks that are
carrying out critical economic functions to a level where they can regain
and maintain market access, he said.
Even if a global standard is eventually agreed, there are doubts it will prevent individual regulators from making
their own rules or push them to get rid
of existing ones, such as the Feds capital requirement for foreign banks.
I dont see the Fed doing that anytime soon, Kenneth Bentsen, chief
executive of banking lobby the Global
Financial Markets Association, said.
While the regulators argue, markets
are already anticipating the demise of
too big to fail, an event which is expected to increase banks funding costs.
You have to embrace bail-in as
there is no other alternative, Philippe
Bodereau, global head of financial research at bond fund PIMCO, told a conference on Thursday.
If a large US bank defaults tomorrow, one thing I am pretty sure of is
that Congress is not going to give any
money to recapitalize, so the era of too
big to fail is probably over, Bodereau
said. l

Dollar weaker in Asia as US, eurozone data disappoint


n AFP, Tokyo
The dollar was under pressure in Asia
Friday following a disappointing batch
of data out of the United States and eurozone that led investors out of high
risk assets.
In afternoon Tokyo trading, the
greenback fetched 101.46 yen, down
from 101.57 yen in New York and 101.83
yen in Tokyo earlier Thursday.
The euro bought $1.3715 and 139.19
yen compared with $1.3711 and 139.26
yen.
In other trading, the Indian rupee
gained more than one percent as the
nations stock market jumped to a record high.
The dollar bought 58.69 Indian rupees Friday afternoon, down from
59.50 rupees on Thursday, as election

Diamond World has gifted a diamond nosepin to its first ten customers each on its first
anniversary of Bashundhara City showroom on May 16. The shop is also providing 27%
discount on its products on this occasion, said its managing director Dilip Kumar Agarwal

MoneyGram Money Transfer, official money transfer partner of the ICC T20 World
Cup 2014 Bangladesh recently conducted a promotional campaign for customers who
receivedtransferred money through MoneyGram betweenJanuary 15andFebruary 28.
The managing director and CEO of Uttara Bank, Shaikh Abdul distributed gifts to the lucky
winners through a prize giving ceremony held at the banks head office

results indicated Hindu nationalist


party leader Narendra Modi, riding a
wave of public support for his pledge
to revive the economy, was set to become the countrys next prime minister.
In the eurozone, gross domestic
product (GDP) across the 18-nation
group expanded just 0.2 percent in
January-March, data agency Eurostat
said, half the 0.4 percent that had been
forecast.
Italy, the third-biggest economy in
the bloc, shrank 0.1 percent in that period, while Portugal, which is about to
emerge from a bailout, contracted 0.7
percent.
Separately Eurostat confirmed eurozone inflation rose to 0.7 percent in
April, up from the 0.5 percent reported
in March but still well off the European

Central Banks 2% target.


While there was a bright spot with
Germany seeing growth double to 0.8
percent, the data add to expectations
the European Central Bank (ECB) will
ease monetary policy conditions to
kick-start growth in the region and
soothe fears of deflation.
The euro has been capped of late,
mainly on the back of lower-than-expected growth data and as most ECB
members supported the view of more
aggressive monetary policy action being considered as soon as next month,
Credit Agricole said.
However, it appears that the jury
is still out when it comes to aggressive
measures, it added.
Adding to the unease, US industrial
production fell 0.6 percent in April after two months of gains, although new

The Dhaka Mercantile Co-operative Bank Ltd recently donated four families of Rana
Plaza victims with one tailoring machine each at the companys Narail branch. Abdul
Gaffar Khan, DC of Narail distributed the machines as chief guest at the presence of the
companys vice chair Captain (retd) Abu Zafar Chowdhury

EXIM Bank launched its branch at new premises in Bashundhara recently. The banks
board audit committee chair, Omor Farque Bhuiyan inaugurated the branch as chief guest

jobless claims hit a seven-year low last


week.
Markets prefer to focus on the negative at the moment... and this dominated over some relatively good news,
National Australia Bank said. That
tone is likely to stay for now.
The dollar was mixed against other
Asia-Pacific currencies. It weakened
to 11,401.80 Indonesian rupiah from
11,446.80 rupiah, to Tw$30.15 from
Tw$30.16, and to 1,025.16 South Korean won from 1,026.44 won.
The US unit rose to Sg$1.2520 from
Sg$1.2509, to 43.75 Philippine pesos
from 43.70 pesos and to 32.48 Thai
baht from 32.45 baht.
The Australian dollar weakened to
93.53 US cents from 93.72 cents while
the Chinese yuan slipped to 16.26 yen
from 16.30 yen. l

United Commercial Bank Limited


(UCB) yesterday held a business conference for its managers of Chittagong
branches at a local club in Chittagong.
Strategic development and financial
excellence of the bank came to focus at
the conference.
The banks management also addressed issues regarding financial inclusion through client-friendly products and services.
The banks managing director Muhammed Ali presided over the conference.
UCB has been selected as the best
bank in Bangladesh for the category
of Best Emerging Markets Banks in
Asia-Pacific 2014 by a finance magazine named Global Finance, said Muhammed Ali at a press briefing after the
conference.
He added: The award is undoubtedly an achievement for us and the
country.
The banks additional managing
director M Shahidul Islam, deputymanaging directors Mohammad Abu
Abdullah, Md Tariqul Azam and Mohammad Shawkat Jamil were present
at the conference among others. l

Apple, Google
settle smartphone
patent litigation
n Reuters, San Francisco
Apple Inc and Google Incs Motorola
Mobility unit have agreed to settle all
patent litigation between them over
smartphones, ending one of the highest-profile lawsuits in technology.
In a joint statement on Friday, the
companies said the settlement does not
include a cross license to their respective
patents. Apple and Google have also
agreed to work together in some areas of
patent reform, the statement said.
Apple and companies that make
phones using Googles Android software have filed dozens of such lawsuits
against one another around the world
to protect their technology. Apple cofounder Steve Jobs called Android a
stolen product.
Google and Apple informed a federal appeals court in Washington that
their cases against each other should
be dismissed, according to filings on
Friday. However, the deal does not apply to Apples litigation against Samsung Electronics Co Ltd.
Apple has battled Google and what
once were the largest adopters of its
Android mobile software, partly to try
to curb the rapid expansion of the free,
rival operating system.
But it has been unable to slow Androids ascendancy, which is now installed on an estimated 80% of new
phones sold every year. Motorola, the
US company that pioneered the mobile
phone, no longer ranks among the biggest smartphone makers. l

World Academy for Research & Development Ltd (WARD) has organised WARD HR
Summit 2014 on Friday at the conference hall of the Wings Centre in Dhanmondi, Dhaka.
Khaleda Akter, ex ioint chief and director WARD was the chair of the session

SRSG Broadcast (India) Pvt Ltd, a system integrator company has recently launched its
products and services in Bangladesh that include turnkey solutions on setting up of TV
and FM channels. The photo shows Sanjib Mekup, CEO of the company along with officials
from Ministry of Information in a launching ceremony held at a city hotel

B4

DHAKA TRIBUNE

Back Page

Sunday, May 18, 2014

What gets measured gets done


What doesnt is given lower priority. After all, we are only human
n Sigve Brekke
My previous two rules have been about the
importance of storytelling and of having a
simple, focused and actionable strategy.
These are essential tools for leaders, as they
help boost motivation and engagement. But
the strongest motivator of all is to strive for,
and to reach, your targets. Thats why it is
so important to break your big targets into
smaller pieces. You need to know not only
where to go and how to get there. You need
constant feedback to understand how you
perform every single day.
Most industries measure performance
through a set of simple key indicators. As
we know, some companies measure on a
quarterly or a monthly basis, others on a
weekly basis. The faster the industry, the
more frequently they measure. We measure
our own performance in the market every
single day, and use the data to adjust plans
and tactics to implement tomorrow. I believe in performance management not as a
tool for control or for shifting blame around,
but as a working tool to motivate people
and to work smarter.
Our performance focus started in Thailand. We had just entered as owners in dtac,
and we were working on transforming the
organization. For me and my co-CEO, Vichai,
one of our most important goals was to
build a team of highly engaged staff, setting
a completely different tone within dtac and
evolving a new identity. The real challenge, as always, was engaging the middle
management. So I challenged them with a
very tangible goal: run a mini marathon with
me. I am an avid runner, but most of my
colleagues in dtacs management found the
thought of even putting on running shoes

next to impossible. I told them in a morning


meeting that I wanted 100 members of the
extended management team to run 10 kilometers. We called it the Impossible Race.
During the 12 weeks from when the challenge was posed and leading up to the day
of the race, we lined up a detailed training
program. We ran several days a week, often
together, and we made sure people worked
out in ways that would bring them closer to
the target: finishing a 10-km run. It became

not so much a question of the race itself,


but about the larger race we were in as a
company facing strong competitors with
well-established brands in a rapidly growing
market. dtac was an underdog, but our
team was not accustomed to acting like one.
On the day of the race, more than 700
executives completed the 10 km faster than
the cut-off time. And for many of them, the
Impossible Race brought lasting change to
their lives: they started running and working

out regularly. dtac went on to become a


leading brand in Thai telecoms and the
second largest operator in Thailand. Clear,
achievable goals and highly visible measurement led to real results and lasting change.
Change was also needed in Uninor in
India in 2010. Our strategy was sound we
would be about basic services, mass market
distribution and ultra-low costs. But the
strategy did not say much about execution.
In the ultra-competitive Indian mobile mar-

ket, we knew we had to stay constantly on


top of what happened in the streets. Competitors would copy products or services
overnight, launch dirt-cheap campaigns or
give away prepaid connections for free to
try to force us out of business.
Our response was twofold. First, we set
common targets throughout the organization. Our leaders would convene every month
and agree on targets for their region, and if
one could not commit to a certain number,
a colleague would step in to take more. That
way we ensured the organization moved
ahead even when local or seasonal trends
were against us. This open target setting
was new to most of our leaders, but brought
about a team spirit at the top management
level like we had never seen. Similar target
setting by negotiation and open discussion
happened at every level down to the beat, a
defined route of 30-40 retail outlets serviced
daily by our field force staff. The big goals
agreed by regional leaders were broken down
by zones and territories, and target numbers
were developed for every day.
The second response was about followup. In Uninor, its called a war room a
meeting in the morning to take stock of
targets for the day, and a meeting in the
afternoon to see how we had performed.
Reports were shared with the team not
only with top management but at every
level of the organization. Each retail executive and sales manager could at any time
check his or her performance on our automated sales tracking system. I would argue
that this constant feedback the sense that
every sale, every sealed deal brought the
individual, the team and the company closer
to its targets, is the single most powerful motivating factor in Uninor. Reaching

targets translated to bonuses, but often just


as important: recognition, the respect and
admiration of your colleagues.
Telenors high performance in Asia is built
around people, fostering teamwork, energy
and enthusiasm. Balancing this, structured
negotiations ensure ambitious, but realistic
targets, and logical, disciplined, constant
measurements ensure we all strive to be a
little bit better every day. The only way to eat
an elephant is to do it bit by bit. And thats
how we set our targets not for the month or
for the week, but for every day. What you do
not win today you cannot take back tomorrow. At Uninor, we call it Winning Every Day.
Alright, you say. But can this be translated to a more mature company? To another
market? To be honest, I wasnt sure. But in
January last year, we had to do just that.
Our 17-year-old operation in Bangladesh,
Grameenphone, was losing ground to competition. Vivek, our CEO at Grameenphone,
introduced measures that had made Uninor
succeed: common target setting, constant
measurements, continuous feedback,
encouraging friendly competition between
regions. When I came back to Bangladesh in
April, the sales manager of the winning region told me it had been the most rewarding
quarter of his entire career: We know what
we have to deliver, we all work together towards that target, and we reached it. I have
never had this much fun at work.
How do measurements impact your
work? Are you energized or antagonized?
And how is your organization dealing with
the vast intelligence available to showcase
your own performance? Tell me in the comments field below! l
Sigve Brekke is the head of Telenor Asia

Google buys written language


translation startup
n AFP, San Francisco
Google on Friday confirmed it has
bought a startup specializing in
using smartphones to translate signs,
billboards or other written words in
real time.

'With Word Lens, weve


seen the beginnings of
whats possible when
we harness the power
of mobile devices to
see the world in your
language'
Quest Visual and the technology built
into its Word Lens application will become part of a Google team devoted
to developing translation features and
services.

Terms of the deal were not disclosed


and Google declined to make any comment on the record.
With Word Lens, weve seen the
beginnings of whats possible when we
harness the power of mobile devices to
see the world in your language, Quest
said in a blog post.
By joining Google, we can incorporate Quest Visuals technology into
Google Translates broad language coverage and translation capabilities in the
future.
Word Lens uses smartphone video
cameras to read words in one language and translate them into another
almost instantly without need for network connections.
Versions of the application have
been tailored for smartphones powered by Apple or Android software as
well as for Google Glass eyewear that
links to the Internet.
The news came as Google this week
began letting anyone in the United

States buy Glass, priced at $1,500 a pair.


Google has promised lower-priced,
fashionably versions of Glass in the not
too distant future and has been prepping the market for their arrival.
Fashion industry veteran and jewelry artist Ivy Ross will take charge of
Googles Glass efforts beginning Monday, according to the California-based
technology titan.
I look forward to answering the
seemingly simple, but truly audacious
questions Glass poses, Ross said in a
post at Google+ social network.
Can technology be something that
frees us up and keeps us in the moment, rather than taking us out of it?
Her resume includes stints at Calvin
Klein, Swatch, Coach, Mattel, Bausch &
Lomb, Gap and, most recently, Art.com.
The decision to open the Glass
test, or beta, program on Wednesday to
anyone with enough money and curiosity came about a month after a oneday sale of the eyewear to the public. l

Employees speak with David Cann (centre), CEO and Co-founder of Double Robotics, on a Telepresence "Double" Robot at the
company's headquarters office in Sunnyvale, California. Double Robotics is a technology startup company that produces an iPad-based
telepresence robot called Double
AFP

Global and local funds may drive next


push in Indian equity rally

Banks to return 6.155bn


euros in crisis loans to
ECB next week

n Reuters, London

n Reuters, Frankfurt

With emerging equity funds positioned


for a business-friendly outcome to Indias election, any further boost for the
pumped-up stock market may come
from global funds whose India allocation still has room to grow.
Election results due on Friday are
expected to reveal a strong mandate for
the opposition BJP, seen as more probusiness than its rivals. Those expectations have fuelled year-to-date stock
market gains of 14% and a 4% rise in the
rupees exchange rate against the dollar.
Foreigners betting on a BJP victory
have poured more than $16bn into Indian stocks and bonds in the past six
months and now hold over 22% of Mumbai-listed equities - a stake estimated by
Morgan Stanley at almost $280bn.
But does the market have room to
rally further?
The short-term answer is yes - a majority for the BJP, as indicated by this
weeks exit polls, will bring more gains.
Societe Generale, for instance, predicts
Mumbai stocks currently at 23,800
points will hit 25,000 if a big BJP win
materialises.
Funds dedicated to emerging equities may be running out of room to
extend positions, however - they currently run a record 600 basis-point
overweight on India, Morgan Stanley
estimates.
That means India comprises a much
bigger share in portfolios than its 6.8%

weight in the MSCI emerging markets


index.
That is borne out by other data. Bank
of America/Merrill Lynchs monthly
survey showed India is the biggest
overweight for emerging market funds,
while emerging equity funds tracked
by Boston-based EPFR Global have
an average 9% allocation to Indian
stocks.
Positioning is certainly a reason to
be wary; the marginal foreign buyer
going forward will need to be more
global than Asian or emerging market
dedicated portfolio managers, Morgan
Stanley said, advising emerging market
clients to stay neutral.
Despite predicting post-election
gains, Societe Generale also told clients
this week to rotate out of India for
what it called more attractive opportunities elsewhere in Asia.

Global

But positioning by funds with a global


rather than an emerging markets mandate is less extreme - Goldman Sachs
calculates they hold a smaller 130 bps
overweight on India.
These funds, which have a broader
pool of stocks to choose from, have
held off from buying into the India
election story, possibly daunted by the
scale of challenges facing the new government and Indias poor track record
on reform.
Valuations, too, are not alluring.
Growth is well off the 8-9% rates of

some years ago, and company earnings


are weak, yet shares trade at 14 times
forward earnings, in line with longterm averages.
One of many global investors that
is neutral on Indian equities is ING Investment Management. That means it
is holding allocations level with Indias
share in equity indices - in the MSCI allcountry index, which includes developed as well as emerging economies,
Indias weight is a tiny 0.7%.
We need a very good result to get
more upside, an environment where
the BJP can push through all the reforms that are needed. I am not convinced, said Maarten-Jan Bakkum,
investment strategist at ING IM.
Yet global funds assets dwarf the
amounts managed by dedicated emerging funds - MSCI, the most widely used
index provider, has $8tn benchmarked
to its indices worldwide but only $1.3tn
of that tracks emerging indices.
So even a tiny allocation shift by
global funds would bring billions of
dollars into the market.
Meanwhile, Indian funds, suffering
redemptions by jittery retail investors,
have dumped shares worth 98.5bn rupees ($1.67bn) in 2014, the third year of
outflows, regulatory data shows. That
brings their share of the market to a sixyear low, according to Mumbai-based
Motilal Oswal brokerage.
Goldman Sachs reckons a convincing opposition win would bring in
these buyers as well as more globally

oriented funds.
Global funds still have very low allocations in India, and we continue to
see global funds and longer-term investors increasing their allocations in this
market should fundamentals improve
as we expect, analysts at the bank said.

Reform

Some may feel a sense of deja vu, however. Indian stocks jumped 18% on May
18, 2009, after the Congress-led alliance won enough parliamentary seats
to avoid a coalition with anti-reform
parties.
But that was their high point for
years amid disappointing progress
on reforms and a raft of corruption
scandals.
This time, markets may have priced
not just a BJP election win but also
swift reforms and a return to doubledigit growth.
The BJP may provide strong leadership, and a strong prime minister is
what India has been missing. But until
roads and power capacity are built, we
cant dream of 8 percent growth, said
Steve OHanlon, a fund manager at
ACPI Investments.
Indian markets have room to rally,
OHanlon reckons, but he bases his view
on the improved balance of payments
deficit and trust in the new central bank
governor to bring down inflation.
I dont think the story changes that
much (post-election), India has turned
the corner in terms of policies, he said. l

Banks will return 6.155bn euros


($8.44bn) in long-term crisis loans to the
European Central Bank next week, more
than this week and than was expected as
banks trim down their reliance on ECB
funding and return to the markets.
The amount banks will repay on
May 21 is more than this weeks repayments of 3.365bn euros, and above the
3.5bn forecast in a Reuters poll.
Banks are voluntarily offloading the
crisis loans they took from the ECB in
late 2011 and early 2012 in anticipation of Europe-wide bank stress tests,
which will over the next couple of
months check how the lenders hold up
under certain scenarios.
The tests are part of a broader balance
sheet review done by ECB before it takes
over as bank supervisor in November.
The repayments have reduced the
amount of spare cash in the system to
levels that have started to put upward
pressure on overnight bank-to-bank

DILBERT

lending rates. EONIA has shot above the


ECBs main rate of 0.25% several times
now, but stood at 0.172% on Thursday.
Excess liquidity, which is the measure of money that banks have beyond
what they need for their day-to-day
operations, stood at 113bn euros on
Friday, recovering from 74bn euros last
week as banks adjust their funding.
ECB President Mario Draghi pointed
out last week that recent volatility in
short-term money market rates had not
spilled over into the medium-term and
that more liquidity in the EONIA market was to some extent a positive sign
as banks were going back to the market
and fragmentation was receding.
In other words, banks rely less
on the ECB and more on each other,
Draghi said in the post policy meeting
news conference.
On Friday, the ECB said three banks
would repay 5.005bn euros from the
first LTRO on May 21, and two banks
would pay back 1.15bn from the second
LTRO. l

You might also like