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News 7<br />

WEDNESDAY, MAY <strong>17</strong>, 20<strong>17</strong><br />

Syria peace talks restart in Geneva<br />

DT<br />

• AFP, Geneva<br />

A new round of Syria peace talks opened on<br />

Tuesday in Geneva, the latest United Nations<br />

push to resolve a six-year conflict that has<br />

killed more than 320,000 people.<br />

Five previous rounds of UN-backed negotiations<br />

have failed to yield concrete results and<br />

hopes for a major breakthrough remain dim.<br />

The Syrian leader has however given more<br />

credit to a separate diplomatic track in Kazakhstan’s<br />

capital Astana, which is being led<br />

by his allies Russia and Iran along with opposition<br />

supporter Turkey. The UN’s Syria envoy<br />

Staffan de Mistura has dismissed suggestions<br />

that the Astana negotiations were overshadowing<br />

the Geneva track. “We’re working in<br />

tandem” he told reporters on Monday. •<br />

Myanmar State Counsellor Aung San Suu Kyi shakes hands with Chinese President Xi Jinping as they<br />

meet at the Great Hall of the People in Beijing on <strong>May</strong> 16, 20<strong>17</strong><br />

REUTERS<br />

China offers help for<br />

Myanmar peace process<br />

• Reuters, Beijing<br />

Chinese President Xi Jinping told Myanmar<br />

leader Aung San Suu Kyi on Tuesday that China<br />

would continue to help the country achieve<br />

peace, and called for both sides to maintain stability<br />

on their shared border, state media said.<br />

Fighting in March in Myanmar pushed<br />

thousands of people into China to seek refuge,<br />

prompting Beijing to call for a ceasefire<br />

between ethnic militias and the security<br />

forces there and carry out military drills<br />

along the border.<br />

Xi met Nobel laureate Suu Kyi, who serves<br />

as Myanmar’s foreign minister while also being<br />

de facto head of its civilian government,<br />

following China’s Belt and Road Forum on<br />

Sunday and Monday.<br />

“China is willing to continue to provide<br />

necessary assistance for Myanmar’s internal<br />

peace process,” China’s official Xinhua news<br />

agency cited Xi as saying. “The two sides<br />

must jointly work to safeguard China-Myanmar<br />

border security and stability,” Xi said.<br />

China has repeatedly expressed concern<br />

about fighting along the border that has occasionally<br />

spilled into its territory, for instance<br />

in 2015, when five people died in China.<br />

Xi also said China would work to enhance<br />

cooperation with Myanmar on his Belt and<br />

Road development plan, which aims to bolster<br />

China’s global leadership by expanding<br />

infrastructure between Asia, Africa, Europe<br />

and beyond.<br />

The president promised $124bn on Sunday<br />

to expand the reach of the initiative during the<br />

two day summit of world leaders in Beijing.<br />

Suu Kyi told Xi that Myanmar was grateful<br />

for Chinese help and that it would work with<br />

China to safeguard stability in the border. •<br />

Inflation rates rising in rural<br />

areas, falling in cities<br />

• Bilkis Irani<br />

Though the country’s overall inflation rate<br />

in the third quarter of the current fiscal year<br />

has gone down to 5.28% from 5.78%, the inflation<br />

rate in rural areas has risen to 5.08%<br />

from 4.95% in the same period.<br />

The inflation rate in urban areas has, however,<br />

decreased to 5.65% from7.34%.<br />

The inflation rate of nonfood<br />

items went up due<br />

to an increase in house<br />

rents, treatment costs,<br />

transportation costs,<br />

educational expenses, and<br />

prices of apparel products<br />

Planning Minister AHM Mustafa Kamal disclosed<br />

these when talking to reporters following<br />

a meeting of Executive Committee of<br />

the National Economic Council at his office<br />

in Dhaka yesterday. He, however, refrained<br />

from elaborating the reasons for the increased<br />

inflation rate in the rural areas.<br />

Showing a quarterly Consumer Price Index,<br />

Kamal said food items saw a jump as<br />

prices of rice, fish, red meat, green chilli,<br />

soybean oil, tea leaves, and milk had shot up<br />

in the last quarter.<br />

The inflation rate of non-food items went<br />

up due to an increase in house rents, treatment<br />

costs, transportation costs, educational<br />

expenses, and prices of apparel products,<br />

fuel as well as household furniture, the minister<br />

added.<br />

Bangladesh Bureau of Statistics prepares<br />

such indices on a monthly basis, but it has prepared<br />

the quarterly CPI for the first time ever.<br />

Khandokar Golam Moyajjem, research<br />

director of Center for Policy Dialogue (CPD),<br />

told the Dhaka Tribune: “ Because the index<br />

was prepared on a quarterly basis, it seems<br />

that the inflation rate increased in rural areas<br />

and decreased in urban areas. The scenario<br />

would have been different had it been prepared<br />

on a monthly basis.”<br />

Prices of commodities were not so high<br />

from January to February as they were in<br />

March. Though the prices have further gone<br />

up in recent times, the index demonstrates a<br />

decreasing trend in the inflation rates as the<br />

report is quarterly, he explained.<br />

Moyajjem also found floods and other<br />

natural adversaries to be among the factors<br />

contributing to inflation in the rural areas. •

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