Print Edition: 04 May 2014
Print Edition: 04 May 2014
Print Edition: 04 May 2014
DA 6238 Vol 2, No 34
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SECOND EDITION
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8 | DOZENS KILLED IN UKRAINE RIOT AND FIRE 13 | WALSON STRIKE SEALS BROTHERS WIN
We did not conduct the raid before because we were not sure if the accused was there or not
However, seeking anonymity, a source in the police told the Dhaka Triune last night that Nur Hossains body guard, house security and some domestic helps were among the detainees. On April 28, a day after the abduction of Nazrul, his wife Selina filed a case against Nur Hossain, another local ruling party leader Hazi Yasin and four others. The bodies of Nazrul, lawyer Chan-
INSIDE
News
4 The government has suddenly got a move on with the proposed Bureau of Counter Terrorism, which was supposed to be formed five years ago. 5 Grameenphone, the leading mobile phone operator in the country, has started a process to recycle or resell the unused numbers which do not have any activity since last one year from the expiration of last recharge. country this season, which agriculture officials attribute to increased use of agriculture technology and congenial weather.
World
9 As club sandwiches go, this undoubtedly is the biggest one in the solar system.
Op-Ed
Nation
6 Boro paddy output has gone up by 12.69% compared to its target across the
11 As the Rana plaza tragedy completed one year on April 24, Md Atiqul Islam, President of BGMEA and his colleagues are still seen on television talk shows explaining what measures they have taken so far to ensure workplace safety in the apparel sector.
DHAKA TRIBUNE
News
With the scorching heat sweeping over the country acute water crisis has added to the woes of people, especially living in cities. The photo was taken yesterday from the Old Dhaka
RAJIB
BARISAL 5 BY POLL
Workers of Supreme Smart Knit Wear in Adamjee EPZ of Narayanganj fell sick after they drank poisonous water
FOCUS BANGLA
Of them, Yasin went into hiding soon after five of the abductees were found dead. Locals set fire to his petrol pump later. Selina said the killers main target was Nazrul. The rest were killed as they witnessed the abduction, she said, adding that the lawyer and his driver had no connection with the incident at all. Professional people masterminded the plan and executed it. I strongly suspect that Nur Hossain Hossain hired them, she claimed.
Nur Hossain was elected chairman of Siddhirganj union parishad in 1992 with BNP ticket. He was controlling the crim-
inal world here during the BNP regime. In the 1997 UP election, he defeated Nazrul, acting general secretary of Narayanganj district BCL, backed by influential AL leader Shamim Osman. But, Nazrul took control over crime and extortion world during the AL regime from 1996-2001. He became a member of central Jubo League. The feud between them started during the election in 1997. Nazrul wanted to kill Nur Hossain several times. Nur Hossain was once shot in 1998, but escaped death. After the election, Nur Hossain joined the AL and became vice-president of Siddhirganj Thana AL. Nazrul was elected councillor of ward-2 in the 2011 city cor-
poration election. The latest feud over the construction of a road resulted in the murder.
documents which accelerated the feud. As per an appeal made by Nazrul, the commission allowed him to contest the polls and finally, he won the election.
Nazrul was trying to capture the post of general secretary of Siddhirganj thana AL. Yasin, the incumbent secretary, did not want him to be the secretary which triggered a feud. Iqbal was an opponent of Nazrul in the city corporation polls. Selina said Iqbal submitted papers of cases, where Nazrul was accused, to the election commission before the polls to cancel his candidature. The commission scrapped Nazruls candidature over the documents. Hasu, Raju and Anwar helped Iqbal collect the case
Nazrul was supervising the construction work of a road from Mouchak to Mijmiji area. To make the road wider, the contractor needed to remove a rice go-down, owned by one Mobarak Hossain, at Chowdhurypara. Nazrul talked with Mobarak to remove a portion of the go-down to make way for the road. But Mobarak contacted Nur Hossain, also brother-in-law of Mobarak, to look after the issue. On February 19, Nur Hossain and
Nazrul arranged an arbitration to resolve the problem where both of them locked in heated debate. Over the issue, Nur Hossains men vandalised at least 20 shops at Chowdhurypara. Nazrul and his associates left the area. Mobarak filed a false case accusing 16 men, including Nazrul. On April 27, he went to appear before a court from where he was abducted. Nazrul had sought help of local political leaders two months back to solve the case, but he failed. He sensed that something wrong was going to happen. So, he along with more than 50 followers went to the court. But, he could not escape abduction, said Selina over phone. l
confirm how many passengers were on board, but said it might be over 40. Over 50 people went missing after the launch MV Sathil caught in storm capsized in Ramnabad river in the middle of Sikdarbari point 3 between Eshadi and Kalagachhia launch stations while it was heading to Patuakhali from Golachipa. Till filing the report, the masses and local administration were trying to rescue passengers. l
DHAKA TRIBUNE
News
3
Two friends allegedly abducted in Chittagong n Tarek Mahmud, Chittagong
The families of two teenage boys, who went missing on their way to work in Chittagong city on Thursday, have claimed that the two friends were abducted for ransom. The missing teenagers, Rabbi, 17, and Hossain, 18, left their homes at Bayezid area on Thursday morning to join their new jobs at a juice factory in Agrabad, family members said. Rabbis father, Mohammad Babul, a resident of Rasel Colony, told the Dhaka Tribune that his son left the house after getting a call from Hossain around 11:30am on Thursday, which was a public holiday. Neither boy returned home that night. The next day, around 1pm, Rabbis mother got a call on her mobile phone from Hossains number. Rabbi spoke to her, claiming that he was abducted by some people who wanted Tk32,000 to free him. During the conversation, Rabbi said he would be trafficked abroad if the ransom was not paid. I grabbed the phone from my wife and a person on the other side told me to send the money through BKash, but I refused to do it, the father said. On Friday afternoon, Babul informed the Bayezid police, while Hossains elder brother, Hasan, lodged a general dairy in this connection. But they could not give any specific reason or name any suspects behind the abductions. The police confirmed that they had received complaints from the families and were looking into the matter. The alleged kidnappers, meanwhile, phoned Rabbis father again yesterday afternoon demanding ransom. Later, the detective branch (DB) of Chittagong Metropolitan Police was informed about the matter. Sairul Islam, officer-in-charge of Bayezid police station, said they were investigating the incident. However, he had some suspicious whether the alleged kidnappings were staged by the teenagers. Babul Akhter, additional deputy commissioner of DB, said they were taking the matter seriously, considering the recent spree of abductions across the country. An investigator, on condition of anonymity, said the location of Hossains mobile phone was traced to Ukhia in Coxs Bazar district. Both Rabbi and Hossain used to work at Sadmusa Garments Factory in the port citys Oxygen area. But Hossain lost his job recently and worked as a rickshaw puller. l
Police escort rescued businessman Saiful Islam to the court of Narayanganj Senior Judicial Magistrate KM Mohiuddin for recording his statement, in the city yesterday DHAKA TRIBUNE
Lawyers bring out a procession in front of Narayanganj Press Club yesterday, protesting the abduction and killing of Advocate Chandan Sarkar DHAKA TRIBUNE
n Mohosinul Karim
The cases against BNP Chairperson Khaleda Zia and her two sons Tarique Rahman and Arafat Rahman Koko would be tried in the place where the cases of BDR carnage were tried. The decision was made to shift the tribunal to the ground beside the Government Alia Madrasah and Dhaka Central Jail at Bakshibazar in the capital, declaring the places as temporary tribunals. The ministry of law and justice issued a gazette notification on Thursday in this regard. The gazette said the decision was made considering the security measures of the present Special Judge Court 3 as the place remained crowded during the trial. l
The board will examine the suggestions after the deadline and will then submit those to the government
Expert workers working in grade II posts will get Tk6,000 as basic salary. They will get Tk1,800 as house rent, Tk600 as medical allowance, and Tk600 as conveyance allowance. The monthly salary for grade II workers has been fixed at Tk9,000 which on a daily basis is Tk345. As for semi-expert workers, they will be considered grade III workers.
Their basic salary will be Tk5,000 while Tk1,500 will be given as house rent. They will receive Tk7,770 in total as monthly wage including medical allowance and conveyance allowance. Tk295 will be their payment on a daily basis. On the other hand, non-expert grade IV workers will get Tk4,000 as monthly salary and Tk1,200 as house rent. Tk6,400 will be their total monthly. For one days work, they will get Tk245. Tk4,500 will be the gross pay of apprentice workers. The three-month apprenticeship could be extended for another three months following completion of the first three months. Meanwhile, the board recommended sawmill employees be paid Tk9,000 for grade I, Tk7,700 for grade II and Tk6,400 for grade III posts while basic salaries will be Tk6,000, Tk5,000 and Tk4,000 respectively. l
DHAKA TRIBUNE
News
Prime Minister Sheikh Hasina approved the summary proposal for setting up the Bureau of Counter Terrorism on December 25 last year
However, in the wake of the February whisking off of three JMB men from a prison van in Mymensingh and what is said to be opposition sabotage in the coming months, the government has revived the effort to form the bureau. The Finance Ministry official said the Prime Ministers Office (PMO) has asked the Budget Wing of Finance Division to allocate fund in coming budget for setting up the bureau. The matter came up in a recent inter-ministerial meeting at the PMO in which PMs Adviser HT Imam slammed
A day labourer walks past a high-voltage transformer placed just seven feet above the ground on a narrow lane in the capitals Islambagh yesterday. Many plastic manufacturing factories in the vicinity, along with narrow lanes that are inaccessible to firefighters, make the area vulnerable to blazes MAHMUD HOSSAIN OPU
According to BMET, around 30,000 Bangladeshi migrants are working in the Maldive islands
The HR commission is investigating the case now, and Transparency Maldives is monitoring the situation to ensure that the Bangladeshis get their dues. However, the Bureau of Manpower, Employment and Training (BMET) in Dhaka said it had not received any such complaints from Bangladeshi workers. Such incidents may happen when migrants are undocumented, BMET director Abdul Latif told the Dhaka Tribune over phone yesterday. He also said the Maldives police were serious about such allegations, and if any get any complaint, they would compel the employer to pay. Meanwhile, Khondaker Shawkat Hossain, secretary to the expatriates welfare ministry, said, Let me get the information, I cannot tell you anything right now. According to BMET, around 30,000 Bangladeshi migrants are working in the Maldive islands. l
A student climbs over the main gate of the Home Economics College after it was locked by demonstrating students demanding resumption of Masters classes RAJIB DHAR
DHAKA TRIBUNE
News
Rickshaw vans are seen parked at an empty space in Karwan Bazar which used to be a childrens playground. The space has been kept occupied by the Hawkers Welfare Association for a long time SYED ZAKIR HOSSAIN
Confiscation of Authorities asleep at the wheel as environment destroyers many buildings ignore fire safety properties demanded n
UNB
WEATHER THUNDERSHOWERS
SUNDAY, MAY 4
DHAKA TODAY TOMORROW SUN SETS 6:28PM SUN RISES 5:22AM FORECAST FOR TODAY
Dhaka Chittagong Rajshahi Rangpur Khulna Barisal Sylhet Coxs Bazar 35 33 36 33 36 35 34 33 26 26 26 23 26 27 23 25
implementation of the existing laws, observed the speakers. Hills in the port city are being cut and tall buildings are being erected filling up the water bodies in violation of the law. This is happening before the eyes of the administration, they said. The age-old trees cannot be saved either as those are also being chopped down, they added. Speakers urged the countrymen to stand beyond political, ideological and religious contradictions in order to save the environment. Poet and journalist Kamrul Hasan Badal, Chittagong University Professor Dr Gazi Salauddin, playwright Jahangir Kabir and several environment activists spoke at the human chain among others. l
Although many high-rise commercial buildings have been occupied without fulfilling the fire safety standards, they are yet to be identified because 99% of the owners are least bothered about having occupancy certificates following the approval of the building plans, claimed fire service officials. The officials also raised concern over the increase in unplanned factory buildings in the city and stressed the need for having firmer rules to regulate the fire safety measures of all kinds of buildings residential, commercial and industrial big or small. Fire Service and Civil Defence Directorates instructor M Akram said only 1 in 100 owners of high-rise buildings cares about collecting the occupancy certificate, leaving the authorities in the absolute dark about their fire safety standards.
Akram said buildings higher than six-storey were multi-storey ones and occupancy (suitable for accommodation) certificates were to be collected for setting up such high-rise buildings. He also noted that buildings having less than six-storey ones do not require the non-objection certificates (NOC), but have to be built complying with the Bangladesh National Building Code (BNBC). However, Akram said, chemical industry owners require to take the NOCs regardless of any height. Sources at fire service said they have decided to issue notices on the owners who took the NOCs for their building plans, but did not receive occupancy certificates after completing their building construction. They also said legal action would be taken against the errant owners. Brig Gen Ali Ahmed Khan, director general of the Fire Service and Civil De-
fence Directorate, said they were operating mobile-court drives to make sure owners build buildings complying with the building code. Ali Ahmed observed that besides lack of information about the occupancy status of the buildings, another major concern over fire safety is the unplanned expansion of industries in the city area. Roads in many areas in the capital, especially in its old part, were narrow for which fire fighters in vehicles could not reach in time if a fire broke out, he said, adding that there was no adequate water source in different spots of the city. According to fire service rules, the DG can declare any structure unfit for accommodation if it lacks the fire safety measures. As per the existing laws, errant owners can be given maximum punishment of 10 years imprisonment, including fine. l
37.0C Rangamati
Source: Accuweather/UNB
19.0C Srimangal
PRAYER TIMES
Fajar Sunrise Zohr Asr Magrib Esha 4:01am 5:22am 11:56am 4:31pm 6:28pm 7:50pm
Source: IslamicFinder.org
Relatives of abduction victims burst into tears while participating at a demonstration in front of the National Parliament in the capital yesterday FOCUS BANGLA
6
BORO PADDY
DHAKA TRIBUNE
Nation
Tribal women are busy harvesting Boro paddy at Bogras Nandigram upazila. The district has witnessed a bumper output this season. The snap is taken recently
DHAKA TRIBUNE
Police looking for 2 rapists in Jessore n UNB, Jessore n Our Correspondent, Jessore A total of 508 government primary
The law enforcers are yet to arrest two rapists for separate incidents of rape and attempted rape in Abhaynagar upazila of the district last week. Two cases were filed with Abhaynagar police station on Friday afternoon. Tawhid Sheikh of Gopinathpur village under the upazila violated an eightyear-old girl who is a class II student by taking her inside a house nearby her residence around 1am on April 28, OC Mollah Khabir Ahmed told the Dhaka Tribune referring to the case statements. In another incident, Torab Sheikh of Bagdah village attempted to rape an 11-year-old girl at her residence around noon on April 30. The victim is a labourer at Super Jute Mills Limited in Phultala upazila of Khulna. l
508 pry schools without headmaster Lightening kills five in three districts
schools in Jessore district are running without any headmaster. Besides, a total of 693 posts of assistant teacher are lying vacant in the districts government primary schools for long. Consequently, academic activities in these institutions are being seriously hampered as recruitment to these vacant posts has remained stalled for different complications. District Primary Education Office sources said the eight upazilas of the district have a total of 1,274 government primary schools, including the 600 which have recently been nationalised. There is a sanctioned post of headmaster in each of the schools but only 766 of them have appointed headmasters. In Manirampur upazila, there are 262 primary schools and 65 of them are running with headmasters while there is no headmaster in 41 schools in Keshabpur upazila, 22 schools in Sadar upazila, 27 in Bagharpara upazila, 25 in Chougaccha upazila, 23 in Jhikorgachha upazila, 22 in Abhaynagar upazila and seven in Sharsha upazila. Apart from this, a total of 693 posts of assistant teacher are lying vacant in the government primary schools of the district, of which 155 are in Sadar upazila, 55 in Manirampur upazila, 127 in Keshabpur upaizla, 86 in Chougachha upazila, 78 in Sharsha upazila, 65 in Abhaynagar upazila, 58 in Jhikargachha upazila and 38 in Bagharpara upazila. Subrata Kumar Banik, an official of the district primary education office, said 65 percent posts of the government primary schools are filled up through promotion while the rest 35 percent through recruitment. He linked such a large number of posts of headmaster lying vacant for long to the stoppage of the assistant teachers promotion to the post of headmaster because of a case filed by the teachers appointed under a project. Besides, the government has created five posts instead of four in the recently nationalised primary schools. As a result, the number of vacant posts of assistant teacher has risen further. The authorities are well aware of the fact and were hopeful that the government will take immediate step to fill up these vacant posts, added Subrata Kumar. l
n Tribune Report
At least five people, including two teenage boys, were killed and nine others were injured in lightening strike in Tangail, Satkhira and Meherpur yesterday. In Tangail, two teenage boys were killed and two others were injured in lightening at Gopalpur upaizla. The deceased were identified as Md Alam Mia, 15, of Golpacha village and Md Shelim, 15, of Baliadanga village of the upazila, our correspondent reported. Dr Hasib Ahsan, residential medical officer of Gopalpur Upazila Health Complex, said a team of youth were playing football in Golpacha Govt Pri-
mary School playground. Suddenly lightening struck them around 3pm, leaving four critically injured. Alam and Shelim succumbed on the way to hospital. In Satkhira, a farmer was killed being struck by lightning at Umrapara village in Sadar upazila, UNB reports. The deceased was identified as Abdus Sattar, 43, of the same village. Officer-in-Charge of Sadar police station Inamul Hoque said a thunderbolt hit Sattar while he was harvesting paddy in field, leaving him dead on the spot. In Meherpur, two people were killed and seven others injured by lightning in Sadar upazila, UNB reports. l
Comilla Photojournalists Forum takes out a rally in the city yesterday, marking the World Press Freedom Day
DHAKA TRIBUNE
DHAKA TRIBUNE
Career
BIGSTOCK
by a niche market. In recent times, with the influx of a good number of global firms and internationally-educated business managers, more and more companies are starting to comprehend the importance of investing consistently in public relations. It is undertaken by companies either by contracting specialised agencies or by establishing an in-house service. Bangladeshs public relations industry consists of a number of PR and marketing agencies. The prominent firms include ForethoughtPR, Concito PR,
Impact PR and Masthead PR. In addition to these specialised PR agencies, the full service marketing firms, including Ogilvy, AdComm and Grey also provide public relations services, often as a part of their brand service packages. Currently, the total number of professionals in Bangladeshs PR industry is around 100, but the number is rising steadily. Most of the corporate firms operating in Bangladesh dont have specialised PR wings, so they have to outsource their entire public relations management tasks to the PR agencies. However, sever-
al companies, including Grameenphone, Unilever and Pran, undertake a large portion of PR functions in-house, with specialised PR personnel. These large companies spend exorbitant amounts of money for publicity, so it is more useful for them to manage PR in-house rather than depend on agencies. The world of public relations is extremely dynamic and challenging, more so in the emerging corporate sector of Bangladesh. The PR industry in Bangladesh is thriving; the agencies require a good
number of young graduates every year, and we recruit people from all types of academic backgrounds - business, computer science, sociology, communications - all of these, says Adel Ahmed, the head of strategic planning at Concito PR. He adds: The art of public relations is not taught at Bangladeshi universities, and you have to learn on the job. The people who excel in the public relations jobs are usually extroverts, tactful, diplomatic and are able to find solutions to complex problems under pressure. The brand reputation and
n Career Desk
The return of the final season of Mad Men has seen a marked rise in howtos the likes of How to dress like Don Draper and How to get that perfect tie dimple. But being a creative powerhouse like Draper is a lot more than looking dapper. This weeks Biz Vocab looks at how to speak the language of advertising like a professional. AIDA Broadsheet Circulation Classified ads Coupon Direct mail Double-page spread Eyecatcher Features Generic advertising Hoarding Hype Mailshot Mass media Plug Prime time Slot Soundbite Spam Spot Tabloid USP Attention, Interest, Desire, Action - the aim of all advertising Newspaper printed in a large format Average number of copies of newspapers or magazines sold over a period of time Small advertisements in newspapers or magazines, divided into categories Part of a printed advertisement to be used to order goods or samples Advertisement sent by post to prospective customers Advertisement printed across two pages in a newspaper or magazine Something that particularly attracts ones attention Special characteristics of a product Advertising for a whole sector, such as tourism, rather than a specific product Wooden structure or signboard, used to carry advertisements Excessive or intensive publicity; exaggerated claims made in advertising Piece of advertising material sent to potential customers by post The main means of mass communication (newspapers, TV and radio) Favourable publicity in the media for a commercial product Hours on radio and TV with the largest audience, usually the evening Specific time in a broadcasting schedule allotted for a commercial Short extract from a recorded interview or speech Unsolicited advertising sent through the internet as an email message Position of a commercial in a radio programme or TV schedule Newspaper printed in small format, usually with a lot of photographs Unique Selling Proposition; a declaration of what makes a product different
End of HR?
n Javeed Ahsan
Are organisations getting rid of HR departments? If you think the answer is yes, I have quite a number of factors to blame. Let us look at what is happening in the corporate world that may question the need for a HR department. When you plan to recruit staff, it is usually the respective department that knows best what the incumbents are expected to do and what criteria will determine their best fit with the roles. Hence, the responsibility of writing the terms of reference usually falls on the team rather than on HR. Furthermore, thanks to the boom in online job portals, placing an ad is now so easy that even your average front desk executive can do it. If the criteria are spelled out, anyone can do the sorting and shortlist the CVs received in response to the job ads. Of course, the team management is in the best position to make the selection decision. So, where does one really get so stuck that HR has to step in? HR for motivation? Well, in theory, maybe this is true. But in practice, the scenario is usually otherwise. We have six HR staff in our organisation and all they notice is when I am absent or late, but never do they notice when I do overtime and work on the day off, says Fatima Zohra, a reporter at a national daily. Though HR is supposed to motivate the staff, traditionally in Bangladesh they have been known for doing things that often spoil the employee morale. And as far as appraisals are concerned, how can HR have a hand in it when they hardly understand the roles of the employees in other departments and what exactly is expected of each employee? that has put the biggest ax on the HR department is the recent trend of outsourcing. Almost every HR function can easily be outsourced and managed even more effectively and professionally than it is done in-house. If you have watched the movie Up in the Air you have no difficulty believing that there can be very specialised firms only for employee terminations. Even in Bangladesh, many organisations have grown that specialise in the functional areas of HR including recruitment, training, and talent management. Now that many international and multinational organisations are closing the HR departments, local organisations might soon follow suit. Given this, what should the HR professionals do? Well, they can look into their own talent development and explore closely related and emerging areas like organisational development, training and development, and the like. Many may prefer to stick to their field and join the outsourcing organisations where they can specialise in specific areas of HR. Nevertheless, changes are inevitable in the corporate world and adaptation is the key to success. l Javeed Ahsan is a communication and social awareness consultant at the Central Procurement Technical Unit of IMED at the Ministry of Planning
Changes are inevitable in the corporate world and adaptation is the key to success
BIGSTOCK
It is again the managers who assess the team members, and often the co-workers and the subordinates, if the organisation follows 360 degree appraisal system. More importantly, employees usually look up to their manager for a break, be it positive appraisal, salary hike, promotion, or training and development, leaving no room for HR to intervene. Hence, each employee is constantly busy trying to please the manager, and hardly has time for HR. On top of that, the phenomenon
The faster you do a follow up after the interview, the higher the chances of your interviewer remembering you. However, doing a follow up on the same day as the interview makes you seem not only desperate but obstinate. Instead of doing a full-fledged follow up, it is better to email them a simple thank you note right after the interview. It might not make a big difference but it is one more way to inserting yourself in the employer's mind.
Exchange cards
BIGSTOCK
This is the most basic step, and you will probably receive one without having to ask for it at the very beginning of the interview. If it is your first job, the interviewer will not be expecting you to present one, but if you are a seasoned employee you should have a few cards ready prior to an interview. In case you are not presented a card at the beginning of the interview, wait till the interview is over and then ask for it before saying thank you and making your way out.
On your way out of the office following your interview, find out from the front desk what the companys hours of operations are and how early the person who interviewed you comes to work. While the front desk executive may be reluctant to divulge such information about individual employees, if you are tactful and friendly and explain why you need to know what you need to know, it should not be a problem. Using this information, when you make a follow up call, make sure it is right after your interviewer gets to work. Generally people make more positive decisions in the morning before the day begins to settle in, and it also proves that you are an early bird and will be a punctual employee. l
DHAKA TRIBUNE
World
Merkel: give Iran talks a chance, but be ready to act if needed n Reuters, Washington
German Chancellor Angela Merkel said on Friday negotiations with Iran over its nuclear program have to be given a chance, but sanctions could still be reinstated if needed. Merkel said Iran had to comply with an agreement under which Tehran agreed to limit parts of its nuclear work in return for the easing of some sanctions. If Iran does not meet its obligations, or does not meet them adequately, we remain ready to take back the current limited suspension of sanctions, she said at a US Chamber of Commerce event. But first of all, we have to give the negotiations a chance. l
n Reuters, Odessa/Slaviansk
At least 42 people were killed in street battles between supporters and opponents of Russia in southern Ukrainethat ended with dozens of pro-Russian protesters incinerated in a burning building, bringing the country closer to war. Pro-Russian rebels in the east freed seven European military observers yesterday after holding them hostage for eight days, while Kiev pressed on with its biggest military operation so far to reclaim rebel-held territory in the area. The riot in the Black Sea port of Odessa, ending in a deadly blaze in a besieged trade union building, was by far the worst incident in Ukraine since a February uprising that ended with a pro-Russian president fleeing the country. It also spread the violence from the eastern separatist heartland to an area far from the Russian frontier, raising the prospect of unrest sweeping more broadly across a country of around 45 million people the size of France. The Kremlin, which has massed tens of thousands of soldiers on the Ukraines eastern border and proclaims the right to invade to protect Russian speakers, said the government in Kiev and its Western backers were responsible for the deaths. Kiev said the violence was provoked by foreign demonstrators sent in from Transdniestria, a nearby breakaway pro-Russian region of Moldova where Moscow has a military garrison. It said most of the dead who had been identified so far were from there. On yesterday morning, people placed flowers near the burnt-out doors of the trade union building, lighting candles and putting up the yellow, white and red flag of the city. The burnt remains of a tented camp of pro-Russian demonstrators nearby had been swept away. People spoke of their horror at what happened.
About 2,000 pro-Russian protesters gathered outside the burnt-out building, chanting: Odessa is a Russian city. At the nearby hospital, residents queued up to offer blood and others tried to find out what medicine was needed so they could go out to buy it. Oleg Konstantinov, a journalist covering the events for a local Internet site, said bullets had flown in the melee before the blaze: I was hit in the arm, then I started crawling, and then got hit in the back and leg. The Odessa bloodshed came on the same day that Kiev launched its biggest push yet to reassert its control over separatist areas in the east, hundreds of kilometres away, where armed pro-Russian rebels have proclaimed a Peoples Republic of Donetsk. The rebels there aim to hold a referendum on May 11 on secession from Ukraine, similar to one staged in March in Ukraines Crimea region, which was seized and annexed by Russia in a move that overturned the post-Cold War diplomatic order. A group of military observers who were seized last week by pro-Russian separatists in the eastern Ukrainian city of Slaviansk has been released, the Organization for Security and Cooperation in Europe (OSCE) confirmed yesterday. We can now confirm the release of the military observers, said a spokeswoman for the OSCE, under whose auspices the military verification officers led by German defence ministry staff were in Ukraine, at Ukraines request. Staff of the special monitoring mission are now waiting to receive them, she said, referring to a larger OSCE mission gathering information and trying to reduce tensions on the ground. Earlier, Slaviansks pro-Russian separatist leader said he had released the observers, and said the move was voluntary and made to coincide with his birthday. l
A protester walks past a burning pro-Russian tent camp near the trade union building in Odessa May 2. At least 38 people were killed in a fire on Friday in the trade union building in the centre of Ukraines southern port city of Odessa, regional police said REUTERS
Kerry vows all possible help for Nigeria girls rescue n AFP, Addis Ababa
US Secretary of State John Kerry yesterday vowed that Washington will do everything possible to help Nigeria deal with Boko Haram militants, following the kidnapping of scores of schoolgirls. Let me be clear. The kidnapping of hundreds of children by Boko Haram is an unconscionable crime, Kerry said in a policy speech in the Ethiopian capital Addis Ababa. We will do everything possible to support the Nigerian government to return these young women to their homes and hold the perpetrators to justice. That is our responsibility and the worlds responsibility, he said. The US, he added, was working to strengthen Nigerias institutions and its military to combat Boko Harams campaign of terror and violence. Gunmen believed to be Islamist fighters stormed the girls boarding school in the countrys northeast nearly three weeks ago, forcing them from their dormitories onto trucks and driving them into the bush after a gun battle with soldiers. Nigerian police on Friday said Boko Haram militants were holding 223 girls of the 276 seized from the school, revising upwards the number of youngsters abducted. The girls abduction has triggered global outrage and prompted protests in a number of Nigerian cities, as desperate parents call on the government to secure their release. Nigerian mothers yesterday vowed to hold more protests to push a greater rescue effort from authorities. We need to sustain the message and the pressure on political and military authorities to do everything in their power to ensure these girls are freed, protest organiser Hadiza Bala Usman told AFP. She said that women and mothers will on Tuesday march to the offices of the defence minister and chief of defence staff to ask them what they are doing to rescue our daughters. We believe there is little or no effort for now on the part of the military and government to rescue these abducted girls, who are languishing in some dingy forest, she said. l
Assad set to extend his power amid Syrian war and theatre
n Reuters, Beirut
In the ornate, wood-panelled theatre that is Syrias parliament, an unusual ritual has played out this week. It is part of an electoral process designed to portray all the drama of a presidential race, while ensuring nobody seriously challenges the one name on the ballot paper that counts: Candidate Assad. Every day at around noon, sheaves of documents in super-sized envelopes have been delivered to Speaker Mohammad al-Lahham, who has solemnly unsealed them and read out the names of nominees for Syrias presidential election next month. When the deadline for nominations closed on Thursday, 24 names had been announced to deputies. Twenty-three are largely unknown and, despite official efforts to portray the vote as a genuine race, are destined to remain so. The name in the 24th envelope was Dr Bashar Hafez al-Assad, the man who inherited power from his father 14 years ago. On Monday Assad declared that he will seek another term in the midst of a civil war which grew from protests against four decades of rule by his family. Assads defiance of opposition demands to step aside and pave the way for a peaceful political transition reflects his growing confidence that he has turned the tide of a conflict which has killed 150,000 people. It has also provoked an angry response from his foes who say the June 3 vote will be a charade, designed to lend him a legitimacy they say he lost when he responded with force to the first wave of protests in March 2011. Pointing to the upheaval caused by the conflict, they say it would be impossible to hold a credible vote in a country split between government and rebel-held areas, where 6 million people have been displaced and 2.5 million have fled abroad. Authorities say people who left Syria illegally are barred from voting, meaning the majority of refugees will have no say. A new law approved before the election also ensures that no dissenting voice will be offered to the voters. Syrians who spent time outside the country in the last 10 years are ineligible to stand, ruling out any of the opposition in exile. In addition, the field of presidential hopefuls is likely to be trimmed to a maximum of three by another constitutional clause which requires each candidate to get the support of 35 members of the overwhelmingly pro-Assad parliament. All week deputies have been casting secret ballots inside the speakers parliamentary office, a ceremony which has been dutifully aired live on state television to highlight that due process is being seen to be followed. But any suspense which that performance may have created was punctured this week by a parliamentarian from Assads Baath Party, who said all 161 Baath deputies in the 250-seat parliament were backing the president. Without exception. The MP, Jamal Qadiri, told Al-Watan newspaper that the remaining 89 deputies might throw their weight behind one or two other candidates whose names would go forward onto the ballot paper to challenge Assad. l
Talks continue over rebel withdrawal from Syrias Homs n AFP, Damascus
Talks for rebels to withdraw from a handful of besieged neighbourhoods in Syrias Homs city have entered their final phase, regime and rebel representatives told AFP yesterday, a day after a ceasefire began. Homs was dubbed the capital of the revolution at the start of the 2011 uprising against President Assad. A pull-out would mean the regime has regained complete control of it after a two-year siege. A ceasefire began on Friday, as a first step toward implementing a deal between the two sides. Talks, which began two months ago, are near completion, according to Governor Talal al-Barazi and rebel representative and negotiator Abul Harith al-Khalidi. The ceasefire is still in place, and I hope we will reach the end of the negotiations. Talks to rid the city of arms and of armed men ... are ongoing and we are near the end, said Barazi. l
Particles of the Middle East respiratory syndrome (MERS) coronavirus that emerged in 2012 are seen in an undated colorized transmission electron micrograph from the National Institute for Allergy and Infectious Diseases (NIAID) REUTERS
DHAKA TRIBUNE
World
Bags packed
Villagers carry their belongings as they leave their locality after attacks at Baksa district in the northeastern Indian state of Assam May 3. Security forces in northeast India found the bodies of nine Muslims yesterday, raising the death toll to 31 in a spate of attacks by suspected tribal militants as a weeks-long general election re-opens ethnic divisions REUTERS
Modi said last week that illegal immigrants from Bangladesh in the nearby state of West Bengal should have their bags packed in case he came to power, accusing the state government of being too soft. Arun Jaitley, the BJPs leader in the upper house of parliament and a strong contender for finance minister should the party come to power, denied that Modis comments risked stirring communal tension. It just shows a determination that we want to stop infiltration. Any government should try to stop that, Jaitley said. The communal clashes in Assam two years ago triggered violent protests by Muslims in cities elsewhere in India. About 30,000 migrants from the northeast temporarily returned home after threats of reprisals by Muslims circulated by text message. l
Former warlord joins Thai opposition leader wants election delayed to allow reforms, rules himself out of reform committee Abdullah in Afghan election
n Reuters, Bangkok
Thai opposition leader Abhisit Vejjajiva yesterday urged that a general election planned for July be delayed by up to six months to allow time for reforms aimed at ending a protracted political crisis that threatens to explode. Protesters have been trying to oust Prime Minister Yingluck Shinawatra since November, part of a long-running crisis that broadly pits Bangkoks middle class and royalist establishment against the mainly poor, rural supporters of Yingluck and her brother, ex-premier Thaksin Shinawatra. Thaksin was ousted by the military in 2006 and now lives in exile to avoid a jail term handed down in 2008 for abuse of power. His opponents accuse him of corruption and nepotism. Thailands Election Commission and Yingluck agreed on Wednesday to hold a general election on July 20, but anti-government protesters who disrupted a vote in February said they still wanted electoral reforms before a new poll. Former Prime Minister Abhisit, who launched a mediation effort on April 24, told a news conference the vote should be delayed by five or six months while a committee thrashed out reforms that would be put to a referendum. While that was being done, he wanted the country to be run by a neutral interim government with limited powers. The panel should include representatives of the Peoples Democratic Reform Committee (PDRC), the protest group led by Suthep Thaugsuban, who was a deputy prime minister under Abhisit until 2011. I have said from the start that no side will get what they want 100 percent from what I am proposing. But ... the government will see an election, people will get to vote in the next five to six months. The PDRC protesters will get their neutral government, Abhisit said.
Anti-government protesters who disrupted a vote in February said they still wanted electoral reforms before a new poll
He said he would not be part of the reform committee and that no politician should sit on it, but he gave few details on its likely composition. He also said he would not take up a political posi-
tion in future if his plan was accepted, although his medium-term intentions are unclear. I would like to ask Yingluck: is there any part of my proposal that damages the country? he said. There was no immediate comment from Yingluck on his plan. But Jarupong Ruangsuwan, leader of the ruling Puea Thai Party, told Reuters that the government could not accept Abhisits proposal and that the cabinet will deliberate a draft royal decree for the July 20 election date on Tuesday. The government cannot accept Abhisits plan because it is outside the framework of the constitution. Abhisits plan will only increase divisions in Thai society, Jarupong said. Asking the government to resign is tantamount to ripping up the constitution. We will push ahead with preparing the draft (election) decree. l
n AFP, Kabul
A former Afghan warlord nicknamed the bulldozer joined front-runner Abdullah Abdullahs presidential campaign yesterday, as deal-making hots up before the decisive run-off vote next month. Gul Agha Sherzai, from Kandahar, won less than two percent of the vote in the April 5 election, but is seen as able to deliver some support from Pashtuns, Afghanistans largest ethnic group. Abdullah, whose support is strongest in Tajik ethnic areas, came first by a large margin in the election, though he fell short of the 50 percent threshold needed for outright victory, according to preliminary results. I, as a representative of my team, join Dr. Abdullahs team to bring security and welfare to the people of Afghanistan, Sherzai told a press confer-
ence with Abdullah. We have joined together for the country and the people. Sherzai, a former governor of Kandahar and Nangarhar provinces, earned his nickname the bulldozer for pushing though major road and infrastructure projects as well as for his forceful personality. Abdullah and ex-World Bank economist Ashraf Ghani will compete in a headto-head election scheduled for June 7. The eventual winner will lead Afghanistan into a new era as US-led Nato combat troops end their 13-year war against the Islamist insurgency that erupted after President Hamid Karzai took power in 2001. We are proud of joining together, we were in touch from the very beginning, Abdullah said. We have a long way ahead of us, we will use every opportunity for any alliances. l
Afghan villagers look on at the scene in Argo district of Badakhshan province on May 3, 2014 after a massive landslide May 2 buried the whole village. Rescuers searched in vain for survivors May 3 after a landslide buried an Afghan village, killing 350 people and leaving thousands of others feared dead amid warnings that more earth could sweep down the hillside AFP
This artists concept of Jupiters moon Ganymede, the largest moon in the solar system, illustrates the club sandwich model of its interior oceans REUTERS
10
Zero tolerance for abductions
DHAKA TRIBUNE
Editorial
CODE CRACKER
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
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.
n the last week, 24 people have been abducted across the country. Eight of these people have been found dead, 11 have been rescued alive and five remain missing. These are highly disturbing figures. While progress is being made in some cases, with police managing to rescue a businessman on Saturday who had been kidnapped in old Dhaka, and a number of people have been apprehended, much more needs to be done to restore public confidence. The recent abductions and murders in Narayanganj in particular make it more urgent than ever for authorities to tackle the spate of abductions. The numbers paint a grim picture of our present law and order situation. It is vital that all support be given to law enforcement agencies to identify those involved in incidents of forced disappearance and abduction, and arrest them immediately. The problem of abductions which was highlighted by the high-profile kidnapping of Abu Bakar Siddique, is far from over, even though in that case the victim was returned home safely. This is a serious national problem that must be addressed in order to ensure the basic security of all citizens. The formation of special squads by the police and RAB to prevent abductions are a step in the right direction. Catching the culprits and rescuing victims is the highest priority.
CROSSWORD
ACROSS 1 Flow back (3) 3 Tentacle (6) 8 Summit (4) 9 United (3) 10 Long, angry speech (6) 11 Force (6) 14 Comforts (5) 17 Shy (5) 20 Whole (6) 24 Esculent (6) 26 Heavenly body (3) 27 Power of rejecting (4) 28 Appeared to be (6) 29 Fastener (3) DOWN 1 Poem of heroism (4) 2 Fragrant ointment (4) 3 Festivity (4) 4 Banishment (5) 5 Burdens (5) 6 Conclude (3) 7 Scottish dances (5) 12 Kimono sash (3) 13 Hawaiian dish (3) 15 Insect (3) 16 Corn spike (3) 17 Long lock (5) 18 American state (5) 19 Research thoroughly (5) 21 Require (4) 22 Metal (4) 23 Direction (4) 25 Owing (3)
he public is ill served when politicians blame opponents for law and order problems. Families of people who have been abducted want to see their loved ones safely found. They and the public at large want to see culprits caught and future abductions prevented. These goals are not helped when senior figures indulge in politically motivated allegations and speculation. Regrettably, both the prime minister and BNP leader have been among figures alleging that their opponents party members and activists have been involved in these incidents. When peoples overriding concern is to see an end to abductions, it does not serve the public interest for politicians to indulge in name calling and to make allegations without evidence. It is for law enforcers to find out and arrest the perpetrators. Political parties should limit their involvement to reflecting public concern by supporting the police and the machinery of law and order in bringing criminals, regardless of political affiliation, to justice. They should recognise the public expects the government and opposition parties to work together in guaranteeing public safety as law and order is a pre-eminent concern for all citizens. This includes expecting that all political parties will support credible, independent investigations into recent forced disappearances across the country. It is absolutely essential that all appropriate action is taken to help law encroachers apprehend the perpetrators and for the government to hold an independent inquiry to help it take steps to bring down the highly concerning rate of abductions.
Pohela is okay
April 27 Tazia Language is part of the culture and culture is part of the language. They are intermingled to a great extent. The culture is Pohela. Changing the culture for the sake of the purity of language, which really is a potpourri of a number of foreign languages, is a step towards separating the cultural aspect from the language. NS Tazia: Right you are.
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.
Married at twelve
April 27 Jill I wish more young women like yourself cared about the child brides. Without having programs that offer education, health care and mentoring, there are no other venues to delay early marriages for the rural girls.
CROSSWORD
SUDOKU
PEANUTS
DHAKA TRIBUNE
Op-Ed
11
Putins hypocrisy
REUTERS
Modinomics 101
n Mamun Rashid
had applied for a business visa from the local Indian High Commission. My application was supported by large business bodies from India and Bangladesh. While the application was being processed, the political and information office here took the intelligent opportunity to let me know that a few of my newspaper writings aggrieved them. Maybe for this reason, they could not ultimately consider a long term visa issuance for me. This who they let into their country is, of course, the host countrys prerogative, despite the fact that I studied and worked there. However, soon the situation at their political office became quite interesting. The political counsellor asked me: Are you pro-growth or pro-distributive justice? This is how all of India, and possibly for the first time the Indian civil bureaucracy, is divided now. Narendra Modi has been identified as pro-growth, and Congress as pro-distributive justice, or what some call inclusive growth. The gentleman went on: Are you watching NDTV these days, or reading The Times of India? He continued: I dont think our governments have done a good job with regards to narrowing the regional gaps or income inequality. I was at the receiving end, and therefore, had to be very cool and calm. I told him that as a humble student of economics, I was pro-growth and firmly believed that national wealth creation would ultimately ensure distributive justice through better
institution-building. Our economics professors in the West termed it trickle-down theory. He was loud about equitable distribution, maybe without knowing that this was exactly what Rahul Gandhi had been advocating for all these days. NDTV these days seems to be keen on bringing back the growth fever in India and facilitating the creation of more investment, and thereby more employment, and reducing poverty. The Times of India, for many years, has been focusing on communal harmony and inclusive politics.
stashed in Swiss banks. My Indian banker friend told me the other day that Modis vision approximated to the higher growth model of China and what Dr Manmohan Singh unsuccessfully tried to accomplish during a tenure hampered by corruption, administrative bottlenecks, and SOPs enforced by Ms Sonia Gandhis national advisory council. My friend said Modi was a muscular version of Mr Singh. He said that while Modi was almost on your mark, get set, go, Mr Rahul Gandhi was still stuck with the plans of secularism and inclusive growth.
Though Congress is trying to establish Modi as the messiah of the large corporate houses, their economic policies are the same
Though Congress is trying to establish Modi as the messiah of the large corporate houses, I have heard some Indian analysts saying that the economic policies of Congress and now Modi are the same. The only difference is that Modi is quite loud while Dr Singh was quite feeble and did not have adequate energy to fight corruption or administrative glitches. Modi was quite focused with his economic agenda: Establish 100 new cities and satellite towns, establish IIMs and IITs in every state, start the bullet train and ensure quality education in every state. He was also vocal about bringing back the money
Modi focused on rapid urbanisation, reviving shuttered plants, modernising railways, setting up gas grids, connecting India through fiber optics networks, building infrastructure, setting up mechanisms to monitor real-time plantation and harvest of crops, and setting up courts to try hoarders and black marketeers. What I liked most in his economic agenda was the plan to brand India through the 5 Ts talent, tradition, trade, tourism, and technology and his quoting from the Gujarat model: The government should behave like a responsible promoter. My readers may say these are all
pep talks. They may see Sonia Gandhi constantly praying to God to save India from the Gujarat model. Who knows, Indias youth, entrepreneurs, and farmers may be thinking otherwise. They need jobs, they need more investment, and they need Indias wealth to fly beyond and create synergy in the global platform. If he can fix his parliamentary party or group, Modi may be quite lucky with a new and focused governor at the Reserve Bank of India (RBI), with a much more stabilised rupee. Indias growth is on rebound mode. Inflation also has to come down. Analysts are expecting inflation to come down from 10% plus levels to below 7%. RBI has already signaled a consumer inflation target of 8% by December. The procurement prices of food grains, the major cause of administered food inflation in India, which rise with a one-year lag, rose at an average rate of 13.5% between 2007 and 2012 and rose at less than half that rate in 2013, meaning food inflation is highly unlikely to go beyond 7% this year. Interest rates are also likely to go down further with an expectation of 6.5% to 7% annual GDP growth. Many think whatever happens, the new order is likely to be significantly to the right of the heavily populist incumbents. Given the economic policy matter for growth, strong reformist policies need to add a further 1% to 2% to the economy. Indias GDP growth is set to be around 8% after a gap of three years. Good for Modi, better for India, best for the Indians. l Mamun Rashid is a business professor and financial sector entrepreneur.
The referendum of March 6 overwhelmingly voted (96.7%) for Crimeas accession to Russia. Considering such irresistible will of the Crimean population, what deters us from accepting this as a legitimate expression of the peninsulas population? Western critics term it as illegal, citing the inviolability of the Ukrainian constitution which clearly specifies that any change to the countrys territory can only be made through a national referendum. This takes us back to a century-old debate about territorial integrity and the aspirations for self-determination. The concepts around the latter argue that if a section of the population struggles to secede and hold a referendum with that goal, they have the right to do so in toto. There cant be an iota of incertitude about the majority of the Crimean populations volition for uniting with Russia. Nevertheless, we need to look into its actual dynamics. What was instrumental for this referendum? Did the outcome of a mass movement from below that arose as an answer to the success of the Maidan movement in Kiev help this referendum? No. It came about in precisely the other way.
Putins harangues about the rights of ethnic minorities in Ukraine are loaded with hypocrisy, considering the violence he has unleashed within Russia. These duplicities and selective concern are also evident even inside Crimea. The Tatars, the oldest inhabitants of the Crimean peninsula, treat this Russian annexation with the deepest suspicion and hostility. After all, during the Stalin-era, it was the Soviet state dominated by Russians which ethnically cleansed the Tatars during WWII. The total Crimean Tatar population was deported to Central Asia and parts of Russia, resulting in lakhs of deaths and the painful disintegration of this national community. No Crimean Tatars were permitted to return to their homeland until 1967, then a part of Soviet Ukraine. The existence of such painful historical memories motivated the Crimean Tatars to vocally oppose the Russian maneuver. They even boycotted the referendum. Only time will tell us about the fate of Crimean Tatars inside the Russian Federation. The post-Soviet Russian state has a savage practice of violently inflicting its will on any defiant people in its periphery like it did with the Chechen people, for instance. Even so, loyalties of the Tatars could be bought through clientelism.
It would be unprincipled and politically abhorrent to endorse either Moscow or Washington as the lesser oppressor. It only compounds the trouble. The nationalists at Kiev make full use of the Russian military takeover of Crimea to perpetrate their vicious politics under the pretext of resisting Russification or foreign domination. In a similar way, Kievs reactionary maneuvers to affirm its dominance provides Putin all the pretence he needs to predicate Russian military and economic might to salvage the Ukrainians of the fascists. Both the Russian aggression and the US EU imperialism must be defeated. Therein lies the way out for the people of Ukraine. l Sushovan Dhar is an activist. He is based in Kolkata.
It is now time to think about productivity enhancement. It is also time to think about knowledge sharing
What actually is the destination of our RMG sector? What are the areas where Bangladeshs RMG has comparative advantages? Is it the high-end market, the low-end section, or the mid-segment? These questions so far remained unanswered. Considering Bangladeshs infrastructure and ability, it is perceived that Bangladesh can become the leader in the mid-segment very soon, provided other factors work Bangladesh garment sector is facing serious negative publicity around the world. BGMEA held so many press meets in Dhaka. Even foreign journalists were called in to brief them about the initiatives. But it did not think of opening an office in Europe or America to face the criticisms there or going for direct management of the pressing issues. Many exporters go to the buying houses as they do not go directly to the
12
DHAKA TRIBUNE
Entertainment
are a few more projects on the table, but Ive not signed any of those yet. Jaya won the National Award twice for her brilliant performances in Guerrilla and Chorabali. l
TODAY IN DHAKA
Exhibition
Germany A Sporting Nation Time: 11am 6pm Goethe Institut Bangladesh Road 9(new), House 10 Dhanmondi Water Rhymes-2 Time: 11am 8pm Galleri Kaya, House 20 Road 16, Sector 04, Uttara Bonded Stitches & Struggle Time: 3pm 8pm Drik Gallery House 58, Road 15A (New) Dhanmondi Nature n Craft Time: 12pm 8pm Zainul Gallery-1, Charukala Dhaka University Shahbag
Film
Captain America: The Winter Soldier (3D & 2D) Jonakir Alo The Legend of Hercules 3D Avatar in 3D Frozen in 3D Enders Game Time: 10am 10pm Star Cineplex, Level 8 Bashundhara City The newly announced actors of Tin Goyenda
n Entertainment Desk
The Dark Horse singer Katy Perry has been miles ahead on the fashion scene for quite some time now. Katy Perry fans have long lusted after the stars style but some striking similarities suggest that her entire pop persona is based on comic book character Katy Keene. Katy Perrys outfits that she uses in all of her music videos come from the comic book character. From Roar to Last Friday Night, and even all the way back to California Gurls, Katy Keene has been giving Miss Perry fashion tips and ways to style her music videos for years! l
Sport
the last three months. This might be a reason for his (Jurgensen) resignation, Nazmul added. A change of coach after poor performance in a World Cup is a norm in the cricketing arena but Nazmul thought the situation for Bangladesh wasnt that bad to have a change. We never took any decision of keeping him or not. So we will have to know the reason for his stance. We have a series against India at home and an away series in West Indies followed by the 2015 World Cup. So we are greatly in need of a coach at the moment. What we can do at best is give him (Jurgensen) assurance of his post if he is suffering from insecurity. We wont stop him if he wants to leave even after tha, said Nazmul. Jurgensen was skeptical of the current environment in the BCB regarding his position in the team. Thus the 38-year-old decided to move on which he considered the best thing to do for the team and his coaching career. The rumor of a change in Bangladesh teams head coach began last month when BCB president Nazmul Hassan said he foresaw many changes in the national team although he was not specific. l
DHAKA TRIBUNE
13
14 Barcelona title
14 Bayern crush
struggling Hamburg
15 US sprinter Tyson
Brothers Unions Haitian forward Augustine Walson goes ecstatic after scoring the winner against Chittagng Abahani at BNS yesterday
MUMIT M
At BKSP 3, Savar BCB North Zone 287 4 in 90 overs (Forhad Hossain 109, Junaid Siddique 65, Hamidul Islam 60, Elias Sunny 2 57) v Walton Central Zone At BKSP 4, Savar Islami Bank East Zone 135 all out in 69.4 overs (Alok Kapali 56, Abdur Razzak 4 34, Sohag Gazi 3 41) v Prime Bank South Zone 108 1 in 34 overs (Anamul Haque 59 not out, Soumya Sarker six not out)
sent back to the dressing room off the bowling of Enamul Haque Jr. Soumya Sarker was undefeated at the other end on six. l
BRIEF SCORES
Electing to bat first, BCB North Zone made a good start to their innings as openers Hamidul Islam (60) and Junaid
Prime Bank South Zone left-arm spinner Razzak snared four wickets conceding 34 runs while right-arm off-spinner
Fide Master Fahad Rahman receives his prize after emerging as the champion of Open Group in the Mohammedan International School Chess yesterday COURTESY
14
Pirlo extends at Juventus
Juventus midfielder Andrea Pirlo has signed a new two-year deal that will see him remain with the Italian champions until 2016, reports said Friday. Gazzetta dello Sport said Juventus, who crashed out of the Europa League semi-finals on Thursday after a 2 1 aggregate defeat to Benfica, have tied the Italy midfielder to a new deal that will expire in June 2016. Pirlo joined Juventus in 2011 on a free transfer from AC Milan, with whom he won two Serie A titles and two Champions League crowns, in 2003 and 2007. In his three-year spell in Turin Pirlo has won two league championships. AFP
DHAKA TRIBUNE
Sport
RESULTS
Barcelona
Messi 23, Sanchez 67
2 2 0 3
Getafe
Lafita 37, 90+1
Rayo Vallecano
Athletic Bilbao
The Spanish champions improved going forward after the break and deservedly went back in front when Alexis Sanchez drilled the ball home 23 minutes from time, but they were stunned in injury time as Lafita rose to head home Jaime Gavilans cross to secure a vital point for Getafe. A video tribute was played along with a minutes silence to mark the death of former Barca coach Tito
Bayern Munichs Jerome Boateng and Hamburgs Kerem Demirbay (R) argue during their Bundesliga match in Hamburg yesterday
REUTERS
RESULTS
Dortmund Mgladbach
Stranzl 22, Kruse 54, Kramer 77
FIXTURES
Catania Chievo Genoa Parma Udinese Milan v v v v v v Roma Torino Bologna Sampdoria Livorno Inter
off Juves pace ahead of a league derby they have not won since April 2011, when current coach Clarence Seedorf was still wearing the red and black. The seven-time European champions have been reduced to fighting for
a Europa League place and desperately need to beat Inter on Sunday if they are to fight Torino, Lazio, Verona and Parma for a crucial sixth-place finish which, exceptionally, has offered an extra Europa League spot via the Italian Cup, the final of which is being played by Napoli and Fiorentina on Saturday. Milan captain Riccardo Montolivo told Corriere della Sera: Firstly, we have win this to restore some pride and try to make up for this season. If we do, it will boost our Europa League bid and give us some revenge for the derby earlier in the season. Its not just one game, this can help us get over an entire season which has been negative. A fifth consecutive derby win in the league, meanwhile, would push
Walter Mazzarris side closer to a fifthplace finish and confirm their return to Europe, albeit in the continents second-tier competition. Fiorentina and Napoli are not in action until Tuesday when they respectively host Sassuolo and Cagliari. A Napoli win, irrespective of Fiorentinas result in Florence, would secure third place and the final Champions League spot for Rafael Benitezs side. With a nine-point lead on sixth-placed Torino, Fiorentina have virtually secured their Europa League spot. Only five points separate Catania from Livorno, Bologna and fourthfrom-bottom Sassuolo meaning defeats for either side in their respective games against Roma, Udinese, Genoa and Juventus could prove costly. l
3 2 3 1 1 2 2 0
Hoffenheim
Roberto Firmino 5, Suele 66
Mainz 05
Choup-Moting 66
VfB Stuttgart
Gentner 62
VfL Wolfsburg
Bruyne 13, Olic 90+1
Werder Bremen
Hunt 49, 90+1
0 2 0 2
Huszti 5, Schmiedebach 51 Ayhan 13, Huntelaar 65 Goetze 32, 70, Mueller 55, Pizarro 75
1 4 0 1 0 2
Braunschweig Frankfurt
Augsburg
Bobadilla 90+4
Leverkusen
Castro 28, Can 36
FIXTURES
Arsenal v West Brom Chelsea v Norwich City
Arsenal and qualify automatically for next seasons Champions League. Arsene Wenger claims he will look back on the season as a missed opportunity even if Arsenal clinch a place in
Bayern Munichs new President Karl Hopfner speaks during a general meeting of the Bundesliga club in Munich on Friday REUTERS
the Champions League this weekend. Wengers side can guarantee their participation in Europes elite club competition for the 17th successive year with a victory over West Brom on Sunday. With silverware proving elusive to Arsenal for most of the last decade, maintaining a Champions League presence has become a cause for celebration for Wenger. Wenger is determined to finish with two more wins in case either City or Chelsea slip-up, which would give the Gunners a chance to secure third place, thus avoiding a play-off to qualify for the Champions League group stages next season. l
FIXTURES
Saint-Etienne Lorient Reims Sochaux Toulouse Valenciennes Marseille v v v v v v v Montpellier AC Ajaccio Evian TG Nice Nantes Bordeaux Lyon
the line a top-five finish and qualification for next seasons Europa League. Once upon a time these sides might have turned their noses up at the prospect of playing in Europes second-tier club competition, but they can no longer afford to as they look to cling onto a modicum of prestige. For Lyon, this will be their 59th match of a long season which has already seen them lose in the final of the League Cup and the quarter-finals of the Europa League. l
Fresh from reaching a first Champions League final in 40 years on Wednesday, Atletico Madrid insist they are already focussed on their La Liga title run-in, starting with a trip to Levante on Sunday. Atletico will face bitter neighbours Real Madrid in a historic Champions League final in Lisbon next month but in the meantime they are in the driving seat as they need just two wins from their last three games to seal their first La Liga title for 18 years. Diego Simeones men are on a run of nine straight league wins and another victory away to mid-table Levante will give Los Rojiblancos the chance to
Atletico, Real out to seal perfect week Unhappy Mourinho issues Hazard warning
wrap up the championship at home to Malaga next weekend and avoid needing to get something from their daunting visit to Barcelona on the final day of the campaign.
FIXTURES
Almeria Levante Sevilla Real Madrid v v v v Real Betis Atletico Madrid Villarreal Valencia
Even in the wake of his sides famous 3-1 win over Chelsea, Simeone insisted he was immediately preparing and focusing on the objective of beating Levante. Real Madrid could be nine points adrift of Atletico, albeit with two games
in hand, by the time they kick-off later on Sunday at home to Valencia. Los Blancos enjoyed a fantastic win in midweek themselves as they hammered European champions Bayern Munich 4-0 at the Allianz Arena to qualify for their first European final for 12 years. Having already lifted the Copa del Rey, Real could still win an historic treble this season should Atletico stumble in their final few league games. And coach Carlo Ancelotti is savouring the success of his first season in charge. Obviously I am very happy, you have to enjoy the good moments because, sooner or later, the bad moments will come, he told Sky Italia. It gives me great satisfaction to take Real Madrid to the final 12 years later.l
Chelsea manager Jose Mourinho accused his midfielder Eden Hazard on Friday of not sacrificing himself 100 per cent for his team mates, two days after their Champions League semi-final exit. Hazard, 23, criticised Mourinhos tactics and told French TV station beIN SPORTS that Chelsea were not made to play football. Chelsea are not made to play football, we are good on the counter-attack, a bit like Real Madrid against Bayern Munich, Hazard said after the match. Often, I am asked to do it all by myself and its not easy.
Mourinho, speaking to reporters before Chelsea meet Norwich City in their penultimate Premier League match of the season on Sunday, responded by seemingly questioning Hazards commitment. The media was reporting that he was being critical, but there was nothing critical in what he says, Mourinho said. But Eden is a player who is not mentally ready to look back to his left back and leave his life for him. When the comments come from a player like Eden its normal because he is not a player ready to sacrifice himself 100 per cent for the team and his team mates. l
DHAKA TRIBUNE
Sport
15
Fahad unbeaten champion in MSC School Chess
FM Mohammad Fahad Rahman of Gulshan Model School emerged as the unbeaten champion in the open group of the Mohammedan International School Chess Championship at the club auditorium yesterday. Fahad earned 5.5 points to clinch the title. Three players were locked on 4.5 points each in the open group but through the tie-breaking system, Rafshan Bin Omar of Government Science College School became runners-up, Arka Sengupta of Kolkata International School sealed 3rd position while Anata Choudhury of Nalanda School clinched 4th. WFM Arpita Mukharjee of Shahid Rameswar Girls School, Kolkata was the unbeaten champion in the girls class 6-10 category. Asmita Das Dolna of Day School, Kolkata became runners-up with four points and Nushrat Jahan Nafisa of Bibi Marium School finished 3rd with three points. Sayantan Mukharjee of Kolkata Boys School was the unbeaten champion in the boys class 5-7 group with maximum six points. Jamim Al-Hamid of Lily Children Academy became runners-up while Nova Tasha of DPS STS School finished 3rd with five points each. Jannatul Ferdous of Ideal Primary School became champion with 5.5 points in the girls class 3-5 group, Rumaysa Hasnat of DPS STS School was the runners-up with five points while Maliath Chowdhury of DPS STS School became 3rd with four points. Abdullah Al Shahran Saikot of Khulshi Child Grammar School became unbeaten champion with 5.5 points in the boys class 3-4 group. l
QUICK BYTES
(L R) Manchester Uniteds English defender Rio Ferdinand, striker Robin van Persie and defender Nemanja Vidic leave the field at the end of their English Premier League match against Sunderland at Old Trafford in Manchester, northwest England yesterday. Sunderland won 1 0 AFP
RESULTS
Aston Villa
Westwood 1, Weimann 41, 45
3 1 0 1 3 0 4 1
Hull
Bowery 28-og
Sunderland
Larsson 30
Birmingham City staged an astonishing great escape as they fought back to preserve their Championship status at Doncasters expense, while Brighton also left it late to snatch the last play-off spot. On a dramatic final day in the second tier, there were incredible scenes at Boltons Reebok Stadium, where Birmingham looked dead and buried after falling 2 0 behind, only to snatch a stoppage-time equaliser to earn the 2 2 draw which lifted them out of the relegation zone on goal difference. With 14 minutes remaining, second-half strikes from Boltons Lee Chung-yong and Lukas Jutkiewicz had left Lee Clarks men on the verge of falling into the third tier for the first time in 20 years. But the Blues were given a lifeline when Nikola Zigic headed home in the 78th minute and Paul Caddis then nodded in from close-range in the final moments to spark scenes of wild celebration from Clark and his players. AFP
time winner while Aston Villa, who began the day not mathematically safe, beat FA Cup finalists Hull City 3-1. Earlier, West Ham United secured their Premier League status after stemming a run of four straight defeats with a 2-0 win at home to 10-man Tottenham Hotspur on Saturday. Victory took West Ham to 40 points ahead of their trip to Manchester City on the seasons final day and will relieve some of the pressure on manager Sam Allardyce, who has fallen out of favour with some of the clubs fans. Spurs, meanwhile, are now in danger of being pipped to sixth place, which brings with it a berth in next sea-
Cardiff
Stoke
Fulham
Richardson 80
0 1 2 0
Southampton
Lambert 90+3
Tottenham
sons Europa League. The defeat left Tim Sherwoods men six points above Manchester United, who have two games in hand and a vastly superior goal difference. l
Berdych battles through as US sprinter Gay banned one year for Raonic exits in Portugal doping, returns Olympic medal
Top seed Tomas Berdych toughed out a battling 3-6, 6-4, 6-4 win over qualifier Leonardo Mayer while second seed Milos Raonic was eliminated from his quarter-final at the ATP WTA Portugal Open on Friday. Berdych, who only took a wild card to get more clay matches with the French Open just three weeks away, almost found himself on the sidelines as he dropped the first set to his 88thranked Argentine opponent. The sixth-ranked Czech survived a roller-coaster final set and will Saturday face Romanias Victor Hanescu who beat home hope Gastao Elias 6-1, 7-5. I have to be ready for tough battles like this, said Berdych. He hit the ball hard and played well at times, but he was also up and down. l Former world double sprint champion Tyson Gay has been suspended for one year after testing positive in 2013 for a banned anabolic steroid, the U.S. Anti-Doping Agency (USADA) said on Friday. Gay has also returned the silver medal he won with the U.S. 4x100 metres relay team at the 2012 London Olympics but will be eligible to return to competition as early as next month after admitting his offence and co-operating with investigators. We are thankful he decided to come in and be truthful in his cooperation with us, USADA chief executive Travis Tygart told Reuters. With the loss of results since 2012, including an Olympic medal, he has suffered serious consequences, but by cooperating he has tried to help the sport move forward for the good of clean athletes. As part of the suspension he accepted, Gay, the joint second fastest man in being notified of his positive test. His first race back is planned for July, Reuters has learned. The American 100 metres record holder had tearfully admitted last July he had failed an out-of-competition doping test, saying I basically put my trust in someone and I was let down. The 31-year-old could have been suspended for two years for his first doping offence but received a reduction because of his substantial assistance, USADA said. The circumstances of his case is still under investigation and could produce additional suspensions, track and field sources said. The ban is also subject to appeal by the International Association of Athletics Federation and the World Anti-Doping Agency. The United States Olympic Committee (USOC) confirmed it had received the medal Gay won at the London Olympics and would be forwarding it to the International Olympic Committee (IOC). l
DAYS WATCH
Sony Six 08:30PM Indian Premier League Bangalore v Hyderabad NBA Play-Off 2013 14 6:00AM Oklahoma City v Memphis 8:30AM La Clippers v Golden State Star Sports 2 3:00PM MotoGP: Spain Main Race Star Sports HD 1 La Liga 4:00PM Almeria v Real Betis 9:00PM Levante v Atletico Madrid 11:00PM Sevilla v Villareal 1:00AM Real Madrid v Valencia 7:00PM Italian Serie A Catania v AS Roma Star Sports 4 6:30PM English Premier League Arsenal v West Brom 9:00PM Chelsea v Norwich City 12:45AM Italian Serie A AC Milan v Inter Milan Ten Action Ligue 1 9:00PM FC 56 Lorient v AC Ajaccio
history, was disqualified from all competitive results since July 15, 2012, the date he first used a product that contained a prohibited steroid. The start of his ban was backdated to June 23, 2013, the day his doping sample was collected at the USA Outdoor Track & Field Championships and when he voluntarily stopped competing after
A.F.M Iqbal bin Anwar Dawn, the additional secretary of Walton hands over the sponsorship money to Solaiman Sikder the GS of floorball federation yesterday COURTESY
Commerce College vie for the title. State minister for youth and sports Biren Sikder will inaugurate the meet as the chief guest. In a press conference held at the Bangabandhu National Stadium yesterday, Floorball association general secretary Solaiman Sikder presented the meet to the press. A.F.M.Iqbal bin Anwar Dawn - the additional director of Walton, Kamal Hossain - the director of marketing of Walton and ATN Bangla news presenter Shamim Ara Munni were also present on the occasion. l
16
DHAKA TRIBUNE
Back Page
We found layers of dry and wet peat coal at a depth between 1 and 5 metres below surface
Of the discovered reserve of 200m tonnes, the recoverable amount is 150m tonnes, GSB Director General Sirajur Rahman Khan told the Dhaka Tribune yesterday. The estimated cost of 200m tonnes peat coal would be around Tk1,000 crore. Earlier, the highest amount was found at Baghia-Chanda Beel in Madaripur, around 100m tonnes. Peat, an unconsolidated deposit of semi-carbonised plant, remains in a water-saturated environment, such as a bog or fen and of persistently high moisture content. It is an early stage or rank in the development of coal having 60% carbon content and 30% oxygen. A team from the department found the coal after conducting the survey in two phases one survey was conducted from January to March last year and another from January to April this year. The GSB has so far discovered considerable quantities of peat deposits in various localities of the coun-
CID officials inspect a microbus, reportedly used in the abduction of Narayanganj City Corporation panel mayor Nazrul Islam, at the residence of a local Awami League leader in Siddhirganj yesterday. Story on Front Page and Page 3 FOCUS BANGLA
Afghan villagers gather at the site of a landslide at the Argo district in Badakhshan province, May 2, 2014. More than 2,000 people are trapped after a landslide smashed into a village in a remote mountainous area of northeastern Afghanistan REUTERS
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
RAJIB DHAR
'The new banks are also facing difficulties in getting business as per expectation mainly due to the higher interest on loans'
The banks are South Bangla Agriculture and Commerce Bank, Meghna Bank, Midland Bank, Union Bank, The Farmars Bank, NRB Commercial Bank, NRB Bank, Modhumoti Bank and NRB Global Bank. Although the overall banking sector could not perform well due to the prevailing sluggish investment climate, the new banks made initial profits as they were not burdened with the default loans like other commercial banks, and consequently they did not require maintaining necessary provision, a senior executive of Bangladesh Bank (BB) told the Dhaka Tribune. According to BB data, provisional net profit of Meghna Bank stood at Tk3.5 crore, Midland Bank Tk3.03 crore, Modhumoti Bank Tk6.3 crore, NRB Bank Tk1.2 crore, NRB Commercial Bank Tk2.3 crore, South Bangla Agriculture and Commerce Bank Tk4.6 crore, Farmars Bank Tk5.4 crore while Union
Science ministry seeks increased budget fund for Rooppur nuke plant
n Asif Showkat Kallol
The Science and Technology Ministry has sought raising of allocation in next fiscal budget for Rooppur nuclear power plant to pay contract advances to Russian firm and staff salaries. In a letter to Finance Secretary Fazle Kabir, the ministry proposed an allocation of Tk2,040 crore as the mid-term budgetary framework fixed amount at Tk1,284.93 crore. Ninety percent advance of the second contract and 10% advance of third contract of first phase will have to be paid to Russian firm Atomstroyexport, said the letter sent in second week this month. The ministry also wants current fiscal allocation of Tk246 crore be increased to Tk390 crore. It called for finance secretarys special initiative to raise the allocations. We need your personal influence in this regard, said the letter signed by Science and Technology Secretary Khandoker Assaduzzam. It feared as there is no allocation finalised yet, advances cannot be paid. At present, the science and technology ministry is in negotiation with the Russian Firm to sign the third contract. According to the third contract, the government will have to pay 10% advance in 60 days of contract signing. In this regard, increased allocation will be required. Of the amount sought for next fiscal, a total of Tk1,284 crore will come as project assistance and the remaining part will be collected from local resources, according to the technology ministry letter. The midterm budgetary framework mentioned Tk254 crore of total Tk1,284.93 crore will be collected from local resources, showed finance division documents. According to the the technology ministry, Tk1.48 crore of the money demanded for next fiscal will be spent to pay salaries, allowances and pensions of employees of Bangladesh Atomic Energy Commission (BAEC) under the project. The Executive Committee of National Economic Council on April 2, 2013 approved the countrys first nuclear power plant project (first phase) involving Tk5,242 crore ($655m). Under the first phase, the government will design the Rooppur Nuclear Power Station and complete other preparatory works before installing the reactors. After completion of the first phase of the project by June, 2017, the BAEC will undertake the work on second phase where two nuclear reactors each of 1000-megawattcapacity will be set up. The state-run BAEC is executing the first phase of the nuclear power plant project, where the Russian government will provide Tk4,000 crore as loan and the rest Tk1,242 crore will be borne by Bangladesh government. l
Attending the same meeting, Bangladesh Milk and Milk Food Products Manufacturers Association (BMMFPMA) also demanded withdrawal of 25% supplementary duty imposed on the import of baby food. Bangladesh imports a good number of alternative food items of breast feeding for babies, which are very helpful for the growth of the babies and children, said the leaders of the association. A total of 56% taxes, including 25% supplementary duty have been imposed on these types of foods. If the supplementary duty is withdrawn, the prices of the imported baby foods will be affordable to most of the parents, said Rebeka Yasmin, coordinator of the association. l
REUTERS
B2
Lower than expected earnings hit stocks
n Tribune Report
Lower than expected earnings took a jolt on stocks in the past week as benchmark index DSEX almost hit 4500-mark after more than seven weeks. During the week that ended Thursday, the DSEX lost 136 points or 2.9% to close at 4,567. The blue chips comprising DS30 was down 48 points or 2.9% to 1,672. The DSE Shariah Index DSES fell 22 points or 2% to 1,018. The Chittagong Stock Exchange (CSE) Selective Categories Index, CSCX, was down 314 points or 3.5% to close the week at 8,771. The average daily turnover in the past week stood at Tk423 crore, registering a drop of 14% over the previous weeks average of Tk494 crore. The stock exchanges shortened trading session to four instead of usual five to mark May Day. Maiden session of the week faced steep decline, dragging DSEX below 4,700 points as the investors observed apparent lack of market direction. Having a vacuum on demand side, depressed earnings kept investors in a watchful mood. Panic started rebounding amid investment community and took a toll of 58 points in the second day of the week. Later part of the week was not different, keeping market scenario totally negative. The market managed to stay flat at the last session of the week amid revived turnover. The market tumbled heavily last week as the investors showed lack of confidence in local companies by selling off massive positions and becoming bullish in multinational corporations, said Lanka Bangla Securities in its weekly market analysis.
DHAKA TRIBUNE
Stock
DSE GAINERS Company
Closing (% change) 20.52 15.41 13.84 9.31 7.63 6.44 6.35 6.05 5.83 5.48
It said the bearishness in the local companies was on the backdrop of textile companies bad performance in January to March quarter and seven companies declaration of earnings recommending no dividend, which is a record in recent times. Some of the overexposed banks trying to lower their capital market exposure after Bangladesh Banks warning might also have impacted the market negatively, it said. IDLC Investment said swift corporate declarations and quarterly earnings announcement prompted investors to move cautious during the week. Depressed earnings announcement started beating the market sentiment from the very beginning of the week, putting investors in a cautious mood, it said. It said having called for larger correction, panic started and fuelled increased level of sale pressure. In the meantime, activity shrank a lot, putting average daily turnover at around Tk423 crore. Losers took a strong lead over the gainers as out of 301 issues traded during the week, 248 declined, 45 advanced and 8 issues remained unchanged on the DSE trading floor. Among the major sectors, top gaining sectors of the past week were miscellaneous with a rise of 4.9%, tannery 2.5% and cement 1.3% respectively. Conversely, top losing sectors were IT sector that declined 13%, ceramic 8% and textile 7%. Fuel and power, and pharmaceuticals remained in the centre of investors attention last week, making up 15% and 13% of the total turnover respectively. l
Northern Jute -Z ACI Limited- A Berger Paints-A AFC AgroBiotech-N LafargeS Cement-Z Reckitt Benckiser -A Orion Infusions -A Linde (BD) Ltd. -A Premier Bank -A Renata Ltd. -A CSE GAINERS Company Berger Paints-A ACI Limited- A AFC AgroBiotech-N Central Insur -A LafargeS Cement-Z Orion Infusions -A Premier Bank -A Prime Insur -A Grameen M F One-A Beach Hatchery -A
Average (% change) 20.76 14.98 13.79 10.35 4.79 3.40 5.31 7.89 4.08 3.62 Average (% change) 16.55 16.38 9.06 9.47 3.79 6.52 3.97 4.49 4.36 1.76
Closing average 147.50 234.20 1,235.50 57.23 66.08 1,285.99 44.99 1,148.05 10.96 1,197.87
Weekly closing 147.40 241.20 1,241.00 58.70 67.70 1,306.30 45.20 1,133.70 10.90 1,240.00
Weekly high 147.90 250.00 1,257.00 59.40 69.90 1,312.00 45.20 1,164.90 11.70 1,399.00
Weekly low 134.50 175.90 1,080.00 51.60 62.80 1,182.50 40.60 999.90 9.00 1,080.00
Turnover in million 0.086 234.745 190.547 113.651 860.448 21.122 69.181 190.685 85.699 622.196
Latest EPS -10.24 5.28 57.68 1.54 2.16 41.12 4.81 48.55 1.53 39.57
Latest PE -ve 44.4 21.4 37.2 30.6 31.3 9.4 23.6 7.2 30.3
Closing (% change) 16.56 14.77 9.91 9.50 7.17 6.44 4.76 4.49 4.42 4.35
Closing average 1242.40 236.26 57.30 26.48 65.68 44.63 11.00 25.60 47.13 23.67
Weekly closing 1242.40 240.10 58.80 26.50 67.30 44.60 11.00 25.60 47.20 24.00
Weekly high 1250.00 247.00 59.10 26.50 69.90 45.10 11.90 25.60 48.00 25.00
Weekly low 1071.00 195.00 52.00 26.40 63.00 40.60 10.30 24.00 44.00 22.60
Turnover in million 3.800 13.531 12.154 0.064 67.986 1.120 17.621 0.012 2.928 3.980
Latest EPS 57.68 5.28 1.54 1.98 2.16 4.81 1.53 2.23 3.40 0.99
Latest PE 21.5 44.7 37.2 13.4 30.4 9.3 7.2 11.5 13.9 23.9
(-) 2.88% (-) 2.81% (-) 3.19% (-) 3.36% (-) 3.45%
Weekly high 32.00 16.50 15.30 18.40 15.00 34.60 16.30 25.50 18.20 36.70
Unchanged Issue (Avg. Price Basis) Market Capital Equity (Billion. Tk.) Market Capital Equity (Billion US$)
Weekly low 18.10 9.50 8.60 11.40 9.00 23.30 12.80 20.10 15.20 29.00 Turnover in million 81.948 26.138 6.043 25.861 19.136 9.258 0.301 18.558 5.952 110.669 Latest EPS 0.55 -0.08 -0.81 0.24 -0.40 0.36 -3.55 0.77 -1.01 1.39
Average (% change) -41.65 -36.29 -37.82 -35.97 -33.17 -25.97 -21.62 -20.50 -16.59 -16.70 Average (% change) -41.47 -38.63 -36.53 -36.19 -33.56 -26.09 -19.40 -17.41 -16.31 -14.70
Closing average 18.42 10.20 9.57 11.75 9.75 23.57 12.80 20.21 15.38 29.73
Weekly closing 18.40 10.20 9.90 11.90 9.60 23.80 12.80 20.10 15.20 29.80
Latest PE 33.5 -ve -ve 49.0 -ve 65.5 -ve 26.2 -ve 21.4
Closing average 18.36 9.34 10.27 11.83 9.78 23.65 20.44 27.60 29.97 21.29
Weekly closing 18.10 9.30 10.20 11.70 9.40 23.80 20.30 27.60 29.90 21.00
Weekly high 31.70 15.40 16.50 18.30 15.00 32.40 25.20 33.50 36.60 25.00
Weekly low 18.00 10.00 10.00 11.50 10.00 23.50 20.30 27.00 29.10 20.80
Turnover in million 8.015 0.512 4.597 4.959 6.935 6.458 1.535 0.171 16.531 0.121
Latest EPS 0.55 -0.81 -0.08 0.24 -0.40 0.36 0.77 1.98 1.39 1.73
Latest PE 33.4 -ve -ve 49.3 -ve 65.7 26.5 13.9 21.6 12.3
ANALYST
The market tumbled heavily last week as the investors showed lack of confidence in local companies by selling off massive positions and becoming bullish in multinational corporations
DSE Million Taka 2635.33 559.87 494.61 1082.24 933.89 2461.31 9.44 1203.93 2602.46 3.16 190.47 402.17 75.25 1722.05 168.89 182.53 431.99 1217.51 215.45 342.17 1.86
% change 15.56 3.31 2.92 6.39 5.51 14.53 0.06 7.11 15.37 0.02 1.12 2.37 0.44 10.17 1.00 1.08 2.55 7.19 1.27 2.02 0.01
Million Taka 223.75 41.28 24.01 94.86 64.72 152.27 0.00 144.97 102.75 55.35 10.13 81.00 10.48 111.11 22.77 6.01 26.43 123.27 42.74 48.87 1.34
CSE
% change 16.12 2.97 1.73 6.83 4.66 10.97 0.00 10.44 7.40 3.99 0.73 5.84 0.76 8.00 1.64 0.43 1.90 8.88 3.08 3.52 0.10
Million Taka 2859.08 601.15 518.62 1177.10 998.62 2613.59 9.44 1348.91 2705.21 58.51 200.60 483.17 85.73 1833.17 191.66 188.54 458.41 1340.77 258.20 391.04 3.20
Total
% change 15.60 3.28 2.83 6.42 5.45 14.26 0.05 7.36 14.76 0.32 1.09 2.64 0.47 10.00 1.05 1.03 2.50 7.32 1.41 2.13 0.02
DSE TURNOVER LEADERS Company Meghna Petroleum -A Grameenphone-A LafargeS Cement-Z Renata Ltd. -A Square Pharma -A Olympic Ind. -A HeidelbergCement -A Padma Oil Co. -A Southeast Bank-A BD Submarine Cable-A CSE TURNOVER LEADERS Company BD Submarine Cable-A LafargeS Cement-Z National Bank - B Grameenphone-A UNITED AIR A Meghna Petroleum -A Matin Spinning-N Square Pharma -A Padma Oil Co. -A BEXIMCO Ltd. -A
Volume shares 2,957,737 3,312,814 13,116,550 527,226 2,168,882 2,353,786 867,260 1,466,684 17,718,902 1,794,119
Value in million 901.72 882.58 860.45 622.20 600.06 562.48 514.51 504.23 391.21 334.93
% of total turnover 5.32 5.21 5.08 3.67 3.54 3.32 3.04 2.98 2.31 1.98
Weekly closing 300.50 268.90 67.70 1240.00 281.70 240.30 590.10 346.40 21.70 182.10
Price change -2.59 -0.52 7.63 5.48 1.08 -1.80 -3.69 0.43 -1.81 -9.04
Weekly opening 308.50 270.30 62.90 1175.60 278.70 244.70 612.70 344.90 22.10 200.20
Weekly high 315.00 271.70 69.90 1399.00 283.30 247.00 619.50 350.90 23.00 207.20
Weekly low 279.00 249.80 62.80 1080.00 255.00 221.00 571.10 315.10 19.70 170.00
Weekly average 299.84 269.68 66.08 1197.87 281.19 237.83 589.33 345.09 21.54 175.44
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
Volume shares 437,994 1,041,000 3,244,502 158,400 3,123,171 125,071 829,600 116,866 91,209 1,035,622
Value in million 81.10 67.99 43.69 42.17 39.12 38.05 33.47 32.41 31.35 28.67
% of total turnover 6.77 5.67 3.65 3.52 3.26 3.18 2.79 2.70 2.62 2.39
Weekly closing 180.70 67.30 13.20 268.90 12.00 299.60 42.10 281.40 346.00 26.80
Price change -9.88 7.17 -2.94 -0.37 -9.09 -3.07 0.24 0.82 0.35 -4.96
Weekly opening 200.50 62.80 13.60 269.90 13.20 309.10 42.00 279.10 344.80 28.20
Weekly high 207.00 69.90 14.10 272.00 13.30 310.90 42.40 283.70 350.00 29.00
Weekly low 168.50 63.00 12.30 260.40 11.90 295.00 38.40 271.00 315.00 26.10
Weekly average 175.63 65.68 13.06 269.43 12.04 299.40 41.13 281.09 344.64 26.84
DHAKA TRIBUNE
Business
B3
Online retail inpacebazar.com kicks off
Tribune Business Desk
Inpace Management Services Ltd launched its e-commerce site at a city convention centre on April 30. The new venture named inpacebazar. com aims at developing e-commerce sector in the country to create a convenient online marketplace by reducing pressure on other outlets along with saving electricity and fuel consumption. The site currently offers wide-range of products from ICT, digital lifestyle, home appliances, consumer, electrical & electronics to boutique, according to a press release. Managing Director of the company Md Kamrul Ahsan, who is also the chief executive of the venture, chaired the launching ceremony of the inpacebazar.com. Addressing the ceremony, he noted that the company was poised to add value to the lives of its customers by its timely services. The sector is far from reaching its mature stage as the currently lucrative online retailing has just begun its era in the country. According to the Bangladesh Association of Software and Information Services (BASIS), the annual online sales amount to more than Tk200m in the country, said Kamrul Ahsan. Looking at the increasing demand of online retailing by consumers, we have come up with the new service to reach our customers products at their door step. The ceremony was attended, among others, by Abu Hanif Md Mahfuzul Arif, president of Bangladesh Computer Samity. l
founded in the past three years, the Nikkei said. In fiscal 2013, angel investors used Japans current tax breaks to invest in only 48 firms, which is only a tenth or even hundredth of the number of investments in other countries such as
Britain, the Nikkei said. In addition to a lack of start-up activity, established Japanese firms have sometimes complained that Japans tax structure discourages investment because corporate taxes in other countries are much lower.
Members of the ruling Liberal Democratic Party want to lower the corporate tax rate gradually starting from fiscal 2015, but they need to discuss the details with their coalition partner, the New Komeito party, the Yomiuri reported. l
Bill Gates takes part in an interview with Reuters in Singapore Advisors and BlackRock have slightly bigger stakes, according to Thomson Reuters data. Spokesmen for Gates and Microsoft declined comment. Gates owned 49% of Microsoft at its initial public offering in 1986, which made him an instant multi-millionaire. With Microsofts explosive growth, he soon became the worlds richest person, and retains that title with a fortune of about $77bn today, according to
REUTERS
Forbes magazine. Gates handed the CEO role to Ballmer in 2000, and stood down as chairman in February. He remains on the board and spends about a third of his time as technology adviser to new Microsoft CEO Satya Nadella. For the past six years, his focus has been on philanthropy at the Bill & Melinda Gates Foundation, which is largely funded by his Microsoft fortune. l
Atiur Rahman said many women have entrepreneurial skills and should be provided with supports they require to bring about changes in the male-dominant economic system. Since half the population are women, we will lose national output by under utilising their skills and innovative ideas, said Governor. He stressed the need to promote self-employment in the face of relative decline of public sector jobs. According to him, Small and Medium Enterprises (SMEs) can be regarded as a potential lifeline to generate jobs and promote inclusive economic development. SMEs are the best option we are left with. In this backdrop promoting women entrepreneurship has become one of the key policy interventions of Bangladesh Bank, Atiur Rahman said. He said women entrepreneurship development is one of the important dimensions of that inclusive policy of the central bank. Engaging women in economic activity by providing enhanced access to financial services is the key target of (the central bank. Due to our policy support and refinance scheme, financing to women entrepreneurs have increased substantially over the last four years. Governor said Bangladesh Bank would take initiative to motivate the Ministry of Industries to ensure that the SME strategy under consideration
should address specific issues in access to finance for women entrepreneurs. We believe that the strategy should promote the gender perspective of enterprise development by focusing on women entrepreneurship support. The seminar was organised jointly by Bangladesh Bank, Bangladesh Institute of Bank Management (BIBM), Ministry of Industries, the European Union, Bangladesh Women Chamber of Commerce and Industry (BWCCI), SME Foundation, Federation Bangladesh Chambers of Commerce and Industry (FBCCI), INSPIRED, WEAB and Chittagong Women Chamber of Commerce and Industry. l
It also found some new banks provided loan exceeding the single borrower exposure limit of 15% and some banks tendency to provide big loans where they were supposed to disburse small loan as new banks, said a senior executive of the central bank. The new banks are also collecting deposits at higher interest rate and disbursing loan at lower interest rate comparing the market rate. The interest rates on deposit of new banks are above 11% as compared to banks 9% to 10%. Of the new banks, NRB Bank charged lowest lending rate at 12.81%. The governor also asked the managing directors of the banks not to allow intervention by the bank owners in the management and recruitment. l
Bangladesh Commerce Bank Limited inaugurated its 43rd branch at Merajnagar Super Market in Shampur, Kadamtoli, Dhaka on April 30. The banks chair, Md Yousuf Ali Howlader launched the branch as chief guest
NRB Commercial Bank Limited launched its 13th branch at Gorai in Mirzapur, Tangail on April 30. The banks additional managing director, ASM Bulbul inaugurated the branc
IDCOL has recently received the Asia Power & Electricity Award 2014 in the category of Solar project of the year for its efforts, accomplishments, and positive contributions under the solar home system (SHS) programme. Nazmul Haque, director (investment) and head of advisory at IDCOL received the award at the Resorts World Convention Centre in Singapore on April 23
Ishtiaque Ahmed Chowdhury, managing director and CEO of Trust Bank Limited seen attending an international seminar on sustainable SME development on April 30 at CIRDAP CICC Auditorium in Dhaka. Dr Atiur Rahman, governor of Bangladesh Bank was chief guest at the seminar organised by a joint effort of Bangladesh Bank, CIRDAP, BIBM, MIDAS (UK)
Jamuna Bank Foundation recently organised eye, gynae, diabates and general treatment services free of cost at Barura Haje Nowab Ali Pilot High School in Comilla. Engr Md Atiqur Rahman, director of Jamuna Bank Limited was chief guest on the occasion
Social Islami Bank Limited held its 310th board meeting at its corporate office on May 3. The banks chair, major (retd) Dr Md Rezaul Haque presided over the meeting
B4
n Bijon Islam
What is the status quo of the world right now? The question can have multiple answers ranging from total population, consumption or production, to broader aspects like economic development or technological advancement. However how far have we really progressed as a civilisation over the last few centuries? We have rapidly advanced in terms of population growth for sure (more than 6.5 billion now), have moved on to the information age, but in terms of quality of living of the greater mass, maybe we were better off in the past. There are around2.7 billionpeople who live below $2 a day. That is two out of every five. The total wealth distribution of the world has become extremely skewed. The richest 0.5% control over 35% of the total wealth. The US and Europe collectively own 60%+ of the worlds wealth. The rise of capitalism propelled by the industrial revolutions, world trade, technology, and consumerism means that total resources of the world get controlled by those with economic might. The story, however, is not totally bleak or that of only profit driven institutions, the advanced economies have actually invested$2.5tn over the past 60 years into the developing nations. Multilateral agencies, international NGOs, donor firms, and local NGOs have done a fantastic job in transitioning many developing countries into emerging economies. Yet poverty is still rampant and un-
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Global tablet sales freeze up, survey shows n AFP, New York
The global market for tablet computers went into hibernation in early 2014, ending a long run of sizzling growth, a survey showed Thursday. The IDC report said sales of tablets including newly introduced convertible PCs totaled 50.4 million units in the first quarter of 2014. That was just 3.9% higher than the same period a year earlier, and down 35.7% from the busy holiday season that included the fourth quarter of 2013. IDC said that the market is suffering from saturation, and that many people are using large-screen smartphones or phablets instead of tablets. The introduction of new 2-in-1 devices such as the Microsoft surface, which aims to serve as a PC and a tablet, failed to gain traction. The rise of large-screen phones and consumers who are holding on to their existing tablets for ever longer periods of time were both contributing factors to a weaker-than-anticipated quarter for tablets and 2-in-1s, said Tom Mainelli, an IDC analyst. In addition, commercial growth has not been robust enough to offset the slowing of consumer shipments. Tablet sales have been surging and grew roughly 50% in 2013, but that pace appears to be slowing. IDC said Apple remained the largest tablet vendor with 16.4 million iPads sold in the first quarter. But its market share slid to 32.5% from 40.2% in early 2013. l
less traditional intervention models are altered, the status quo cannot be rapidly improved. Additionally, the recent financial meltdown followed by the Eurozone crisis means that the funding sources may dry up over the coming years resulting in downward pressure on financial aid or grants. Conversely, we can look at this as an opportunity. Instead of focusing on aid based interventions can we focus on building sustainable models where we work not in isolation but hand in
hand with entrepreneurs, investors and business to explore new markets, discover more customers and in the process transform lives of this 2.7 billion people?The solution lies in making them an integral part of the market economy, creating employment, and converting them into consumers and not keeping them in the fringes of the informal economy. This is where the Zero-Based Design discussed by Paul Polak and Mal Warwick in their book The Business
Solution to Poverty: Designing Products and Services for Three Billion New Customers can make a difference. The core idea is to look at the BOP market as a fortune (as often emphasised by the late Dr CK Prahalad). With infusion of private capital into mission driven businesses, affordable essential goods and services need to be designed for the next market of approximately 3 billion, while generating income and employment for them. The opportunity space for busi-
India threatens WTO action over EU mango ban n AFP, New Delhi
India on Friday threatened to drag the European Union to the World Trade Organisation over its ban on mango imports. Commerce Minister Anand Sharma warned the EUs decision to slap the ban on import of the highly prized Alphonso mangoes, known as the king of fruits, could have very negative fallout on trade ties. Sharma said he had written to EU Trade Commissioner Karel De Gucht urging him to overturn the arbitrary import ban on mangoes as well as four vegetables from India including bitter gourd and eggplant. We do hope that the EU will see sense, Sharma told reporters in New Delhi. He urged the 28-nation EU not to precipitate the situation any further, which would lead us to go to the WTO. The Geneva-based WTO deals with trade disputes. In March, the EU plant health care committee said it would impose the ban after finding pests in 207 Indian consignments of fruits and vegetables. The EU said it was acting to tackle what it called significant shortcomings in Indias certification system. It noted that a high number of Indian consignments contained pests, mainly insects, like non-European fruit flies. India, the worlds largest mango exporter, sells up to 70,000 tonnes of the fruit globally. l
DILBERT
A menu displays a non-tipping policy in front of Japanese restaurant Riki, in New York on May thursday. A number of restaurants across the US have decided to discourage patrons from tipping and to include the service charge in the bill. In a country where waiters rely largely on the 15 to 20 percent expected tip for their earnings, some owners see doing away with tips as a way of paying their staff a decent salary AFP