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Hands off Grameen Bank

Sherman says independence of microlender must continue Two Bangladeshi institutions — Grameen Bank and BRAC — serve as global models in the fight against poverty and suffering, Wendy R Sherman, US under secretary for political affairs , said yesterday. Both the organisations began as domestic efforts to empower the poor and assist the needy and […]

The US State Department is upbeat with the progress on the partnership with Bangladesh but has no word about a decision on the preferential treatment of Bangladeshi exports to America. Under Secretary for Political Affairs Wendy Sherman said on Monday the Generalised System of Preferences was going through its own process in Washington. “It will […]

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The US entrepreneurs on Monday expressed their interest to invest in the Bangladesh’s private sector. The interest was shown when a 30-member US trade delegation met Commerce Minister GM Quader at his office. Talking to reporters after the meeting, Quader said the US delegation enquired about business opportunities in the country. The minister told the […]

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A Dhaka court on Monday sent BNP Standing Committee member MK Anwar to prison in a case in which he stands accused of incitement of religious passion and defamation. The BNP leader was on a two-month bail over the case filed by Shwechwasebak League leader Debasish Biswas. Defence lawyer Masud Ahmed confirmed that MK Anwar […]

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In the wake of Savar and Tazreen, debate rages in garments business about whether to deepen trade ties, or take punitive measures (“39 per cent said they would probably buy fewer products produced in Bangladesh, according to a survey by Harris Poll“).  Kimberly Ann Elliott (co-author of Can Labor Standards Improve Under Globalization?) argues for […]

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Heavy fighting raged yesterday around the strategic border town of Qusair and the capital Damascus, amid renewed reports of chemical weapons attacks by Syrian President Bashar al-Assad’s forces, reported Reuters. Opposition activists said Syrian troops backed by Lebanese Hezbollah fighters were advancing in areas around Qusair, pressing a sustained assault on a town long used […]

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The 18-Party alliance has called a Bangladesh-wide dawn-to-dusk general strike for Wednesday to put pressure on the government to withdraw all cases against BNP Senior Vice-Chairman Tarique Rahman. BNP Standing Committee member Abdul Moyeen Khan made the announcement at a press briefing on Monday night after a meeting of the alliance leaders with Khaleda Zia […]

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The World Bank was ready to give Bangladesh $1.2 billion to fund three projects, Finance Minister AMA Muhith said on Monday. The funding agency has taken this decision despite earlier misunderstandings over the Padma bridge project, in which the bank refused to participate. The Washington-based lender has agreed to fund a social safety net, coastal […]

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Voicing her optimism over a credible and inclusive polls here, visiting US Under Secretary for Political Affairs Wendy R Sherman on Monday said it is Bangladesh to decide how the election will be held. “That’s really a decision for Bangladesh. It’s wonderful to see the vibrancy of democracy and we look forward for a free, […]

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Senior Vice Chairman Tarique Rahman will return soon on his own to face the ongoing trials against him in Bangladesh, the BNP says. Chairperson Khaleda Zia’s eldest son has been living in London after a court allowed him to travel abroad for medical treatment in 2008. BNP said it was contempt of court to call […]

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‘B’desh business leaders need to be engaged with African counterparts’ Representatives of the American Bangladeshi diaspora on Monday stressed that Bangladeshi businesses must scale up the lobbying of US congressmen to ensure trade benefits for the country. They came up with the observations at a views-exchange meeting between the Federation of Bangladesh Chambers of Commerce […]

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Anti Corruption Commission (ACC) chairman Ghulam Rahman on Monday blamed the ACC lawyers for the delay in issuing a warrant of arrest for BNP senior vice-chairman Tarique Rahman in a money laundering case. “Our lawyers are not working properly… they failed to do their task,” he told the reporters in front of the ACC head […]

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