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Sep 09, 2018
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66% support for HPM Sheikh Hasina, 64% approval for Awami League : IRI survey
Around 66% of the respondents support Honourable Prime Minister Sheikh Hasina as the PM, according to a survey by the International Republican Institute (IRI). It also found that 64% of them have favourable opinions for the Awami League-led government. The Washington-based organisation conducted the survey between April 10 and May 21 this year. IRI collected data using a multi-stage stratified probability sample through in-person, in-home interviews. The sample was stratified by division, by district, and by urban and rural locations. Majority people of the country have said the country is marching ahead in the right direction under the leadership of HPM Hasina, while a sense of high optimism is vindicated over the current economic situation, said IRI, a non-profit and non-partisan organisation, which is committed to advancing freedom and democracy worldwide.
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Prime Minister Sheikh Hasina has laid importance on expanding cooperation in BIMSTEC forum through the creation of free trade area, investment and energy collaboration, enhancing people-to-people contact and funding mechanism. “Our cooperation in BIMSTEC forum can be expanded through creation of free trade area, investment and energy collaboration, enhancing people-to-people contact and funding mechanism,” she said in her statement in the inaugural session of the 4th BIMSTEC Summit. On the sidelines, the Bangladesh Premier met with her Indian counterpart Narendra Modi and both leaders held a fruitful discussion to take the bilateral ties to a newer height.
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The quality of Bangladesh's economic growth has improved between 2000 and 2015, according to an index developed by the South Asian Network on Economic Modeling (Sanem). The country ranked 106th among 156 nations in 2015 in the Index of Quality of Economic Growth (IQEG), up by six notches from 112 in 2000. Bangladesh scored 42.7 on a scale of 0 to 100, according to the research organization. Bangladesh is successful in achieving a high growth rate but still has a long way to go to transform the growth numbers into quality,” said Sanem Executive Director Selim Raihan.
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Remittance posted 7.13% growth in August compared to July thanks to the depreciation of the taka against the US dollar. Expatriates sent home $1.41 billion last month, up from $1.31 billion in July. The amount of remittance was also $1.41 billion in August 2017. Bangladeshis living abroad now remit more money through formal channels as their near and dear ones get better rates against the dollar, the central bank said. Many banks are offering higher rates against the remitted greenbacks to encourage the migrant workers to send money via their channels.
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GROWTH AND DEVELOPMENT
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Delta Plan approved with dev, industrialisation in focus
The executive committee of the national economic council at a meeting approved the Delta Plan 2100 envisaging better management of the country’s food and water security and fighting disasters. Under the policy, as many as 80 projects would be implemented at a cost of $37 billion in next ten years. Of the projects, nine would be linked with improvement of river management and five with the river dredging. Besides, five projects would be taken in the country’s hill tracts area and rest 15 projects would be taken in the environmentally less vulnerable areas. According to the draft of the Delta Plan, taken in addition to the county’s five-year plan and the UN prescribed Sustainable Development Goals, would be financed by the government, Green Climate Fund, development partners, foreign direct investment and the private sector.
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Seven coastal radio stations and four lighthouses will be set up in coastal areas to develop marine disaster management and strengthen naval security. Under the project, head office of Department of Shipping will be established and ‘Command and Control Centre’ will be set up at its 7th floor. Existing three lighthouses — Cox’s Bazar, Saint Martin and Kutubdia — will be modernized and new lighthouses and costal radio stations will be set up at Nijhum Dwip, Dhal Char, Dublar Char and Kuakata.
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HPM Sheikh Hasina has inaugurated the first Boeing 787-8 Dreamliner of Biman Bangladesh Airlines. At the launch of the aircraft named Akash Beena at Hazrat Shahjalal International Airport. The prime minister asked the Biman staff to work with sincerity and said: “Don’t earn a bad name.” The Dreamliner, fitted with the latest aviation technology, flew commercially to Kuala Lumpur after the inauguration. The airliner has the capacity to fly 16 hours nonstop with an average speed of 650 miles per hour, according to Biman officials.
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Researchers at Shahjalal University of Science and Technology have found a low-cost method for early detection of cancer. All they would need is blood samples and a device they have designed for detecting cancer. The device would subject blood samples to intense laser beams and analyse results to detect cancer. The test would take five minutes and cost just US$6. The team behind the breakthrough is also making a prototype of the device and expects it to be ready next year. This is the first time in the world that nonlinear optics is being used for diagnosing cancer, said Prof Yasmeen Haque, who led the team, while presenting the details of the technology, according to media outlets.
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TRADE AND INVESTMENT
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Bangladesh's foreign exchange reserves rose to $32.93 billion at the end of August, $847 million more than at the end of July, the central bank said. Steady garment exports and remittances from Bangladeshis working overseas, the key drivers of the country's more than $200 billion economy, have helped foreign exchange reserves grow steadily in recent years. The government is targeting record economic growth of 7.8% in the current financial year that started in July, up from record growth of 7.65% last year.
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A five-day “Bangladesh International Expo Malaysia 2018” will begin from November 7 at the Kuala Lumpur Dataran Merdeka Square in Malaysia. The fair will create opportunities for the Bangladeshi entrepreneurs to display their products before the international community. Producers and construction companies, including real state, bank, insurance and leather and jute, will take part in the fair.
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