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Articles Archive for August 2017

Bangladesh »

[26 Aug 2017 | No Comment | ]

Kushtia: A suspected “Neo JMB” operative was killed in a “gunfight” with police in Boalia village of Kushtia’s Daulatpur upazila early yesterday.
The deceased is Arman Ali, 42, of Thakurpur village under Bheramara upazila.
Shah Dara Khan, officer-in-charge of Daulatpur Police Station, said two police teams, led by him, raided Boalia around 3:30am, acting on information that a secret meeting of “Neo JMB”, an offshoot of banned militant outfit Jama’atul Mujahideen Bangladesh, was going on near Boalia intersection.
“Sensing the presence of law enforcers, the militants opened fire and a gunfight ensued when …

Business, China, Headline »

[25 Aug 2017 | No Comment | ]

Xinhua report in Global Times, Aug 24, 2017 at 13:11:50
China’s top disciplinary watchdog has named a number of grassroots officials implicated in abuse of poverty relief funds.
The nine cases involve dereliction of duty, embezzlement of poverty relief funds and theft of allowances for house renovation, according to the Communist Party of China (CPC) Central Commission for Discipline Inspection (CCDI).
In one case, Long Zuoshi, former Party chief of Jile Village in Hunan Province, was stripped of his CPC membership for stealing 81,800 yuan (12,300 US dollars) of poverty relief funds and …

China »

[25 Aug 2017 | No Comment | ]

Reuters report in South China Morning Post,     Aug 25, 2017
No amount of interference or shadowing of its aircraft will stop the Chinese air force from carrying out long-range drills, the defence ministry said, announcing another round of exercises of the type that have unnerved Taiwan and Japan.
The air force carried out further long-range exercises on Thursday, the ministry said later on the same day, without giving details of where they happened.
Such “normal” drills accord with international law and practices and are part of an “ordinary need” to raise …

Bangladesh »

[25 Aug 2017 | No Comment | ]

by Tuhin Shubhra Adhikary in The daily star, Aug 25, 2017
The High Court yesterday declared illegal and void the two deals Niko Resources Bangladesh Limited signed with Bapex and Petrobangla, as those were procured through corruption.
The court also directed the authorities to “revert back” to the state the assets Niko possessed through the Joint Venture Agreement (JVA) and the Gas Purchase and Sales Agreement (GPSA) signed in 2003 and 2006.
No payments can be made to Niko Bangladesh or its mother organisation Niko Canada till the pending damage case involving the …

Bangladesh, Featured »

[25 Aug 2017 | No Comment | ]

by Manik Miazee in Dhaka Tribune, August 25, 2017
With elections little more than a year away, Khaleda Zia’s BNP is working around the clock to select the ideal candidates for the 300 seats. But what does the Bangladesh Nationalist Party look for in an “ideal” candidate?
Khaleda Zia has identified three key characteristics she wants in the 900 potential candidates who will vie for the 300 seats:
A clean image with no prior allegations of corruption or criminal records
Young, enterprising businessmen
Excellent connections with bureaucrats, armed forces and foreign companies
Several BNP leaders have …

Bangladesh »

[25 Aug 2017 | No Comment | ]

Ruling Awami League has decided to stay quiet until chief justice Surendra Kumar Sinha goes into his retirement probably after five months on 31 January 2018.
The party somehow wants to spend the five-month time without facing any embarrassment, said party insiders.
The government wants to have negotiations with the CJ in this regard, they added.
Ever since the Supreme Court released its full verdict on the 16th amendment, many AL leaders have been demanding that the CJ expunge some of his observations. And the party’s position was to file a review petition …

PAK US AFGHAN TIES »

[24 Aug 2017 | No Comment | ]

by Wajid Ali Syed in The News, Aug 24, 2017
WASHINGTON: US Secretary of State Rex Tillerson warned on Tuesday that Pakistan’s privileged status as a major non-Nato US ally could be in question if it does not change its course from the past.
“We have some leverage,” Tillerson told reporters, “in terms of aid, their status as a non-Nato alliance partner — all of that can be put on the table.” During a press briefing held at the State Department to expand on Trump’s Afghanistan and South Asia strategy, Tillerson conditioned …

Business, CPEC, Headline, PAK-CHINA TIES »

[24 Aug 2017 | No Comment | ]

by Zafar Bhutta in The Express Tribune, Aug 23, 2017
ISLAMABAD: Islamabad and Beijing are unlikely to welcome other countries to become part of the China-Pakistan Economic Corridor (CPEC) before 2020 as they will wait until energy and industrial projects are completed, say officials.
Pakistan and China are developing energy projects of $35 billion under CPEC and want to complete them first before opening the door to Middle Eastern states, Iran and Central Asian countries for joining the gigantic economic corridor.
Some of the power projects like Sahiwal coal power plant have been …

Business, China, Featured »

[24 Aug 2017 | No Comment | ]

Comment in Global Times, Aug 23, 2017 at 21:48:40
(The article was compiled based on a report by Beijing-based private strategic think tank Anbound)
The risk of yuan depreciation doesn’t seem to be troubling investors any longer, with the currency having been on a gradual upward trend for about three months.
The central parity rate of the yuan was set at 6.6633 per US dollar on Wednesday, according to the China Foreign Exchange Trading System.
There is a correlation between the appreciation of the yuan and the rise in China’s foreign exchange reserves. The …

Business, China, Featured »

[24 Aug 2017 | No Comment | ]

By Frank Tang in South China Morning Post, Aug 23, 2017 at 10.55pm
The credit rating of China’s Anbang Life Insurance Co was downgraded by Dagong Global Credit Rating Co on Wednesday, three months after the regulator curtailed its operations and two months since the chairman of its parent company disappeared from public sight.
The downgrade by one notch to AA+ came as Dagong said in a statement that Anbang Life is facing growing debt repayment pressure as a result of liquidity strains and falling investment yields.
Anbang Life is an arm of …