01-10-2020

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THuRSDAY, OCTOBER 1, 202010ECB's Lagarde downplays divergingviews among board membersIslami Bank Bangladesh Limited inaugurated its 358, 359, 360 & 361st Branch as Bheramara inKushtia, Khulshi in Chattogram, Kalai in Joypurhat and Ashulia in Dhaka recently. Md.Mahbub ul Alam, Managing Director and CEO of the bank inaugurated the branches at virtualplatform as chief guest. Mohammed Monirul Moula, Muhammad Qaisar Ali and Md. OmarFaruk Khan, Additional Managing Directors of the Bank addressed the program as specialguest. Md. Mosharraf Hossain, Deputy Managing Director presided over the program. HeadOffice Executives & Officials, Head of concerned Zones & Branches, executives & officials,clients, well-wishers & dignitaries participated in the local functions and were also connectedwith the Head Office program virtually.Photo: CourtesyMarkets mixed afterTrump-Biden debate;data lifts ChinaStocks were mixed in Asiaon Wednesday while upbeatmanufacturing data liftedshares in China as investorsstudied the outcome of thedebate between PresidentDonald Trump and hisDemocratic challenger, JoeBiden, reports UNB.Hong Kong and Shanghailed regional gains whileJapan's Nikkei 225 edgedlower. Overnight, the S andP 500 lost 0.5% as heavyselling of banks helpedreverse some of the gainsthe market a day earlier.Investors remain cautiouswith COVID-19 infectionson the rise again in the U.S.and elsewhere. The Trump-Biden debate occurred ascoronavirus deathsworldwide have surpassed 1million. Many millions ofpeople worldwide arejobless.A survey of Chinesemanufacturers, t he Caixinmanufacturing purchasingmanager's index, showedeconomic activityaccelerating further inSeptember as businessesrecovered from thedownturn earlier this yeardue to the pandemic.The Caixin manufacturingPMI slipped to 53.0 from53.1 in August, on a scale of1-100 where 50 marks thecutoff between contractionand expansion. China'sofficial manufacturing PMIrose to 51.5 from 51.0, itshighest level in two years."The economic recoveryhas picked up pace withsupply and both domestic aswell as overseas demandimproving," Stephen Innesof AxiCorp said in acommentary.The Hang Seng in HongKong jumped 1.4% to23,593.51, but fell back froma 2.1% gain earlier in themorning. The ShanghaiComposite index surged0.6% to 3,243.79.Overnight, stocks endedwith moderate lossesTuesday as investors waitedfor the first debate betweenPresident Donald Trumpand Democratic challengerJoe Biden.The debate's likely impacton markets, if any, wasunclear. The atmospherewas antagonistic, as to beexpected, but for voters stillundecided about who'dbetter handle the multiplecrises that have beset thenation, the faceoff may nothave offered anything new.Japan's Nikkei 225 indexlost 0.7% to 23,366.81, whilethe S and P/ASX 200skidded 0.8% to 5,902.10.Markets were closed inSouth Korea.Shares fell in Thailand andIndonesia but rose inTaiwan and Singapore.On Wall Street, banks,energy companies andstocks that depend onconsumer spending hadsome of the biggest losses.The price of oil fell 3.2%,dragging much of the energysector down with it. OnWednesday, U.S. crude fell20 cents to $39.09 perbarrel in electronic tradingon the New York MercantileExchange. Brent crude, theinternational standard, gaveup 25 cents to $41.31 perbarrel.Uncertainty over thecourse of the pandemic andover how it will affect theeconomy has cloudedsentiment, with thebenchmark S and P 500 ontrack to fall 4.7% this month,its worst month since Marchwhen the stock marketplunged sharply asoutbreaks spread in the U.S."The market needs theeconomy to remain open,"said Mark Hackett, chief ofinvestment research atNationwide. "We can handlebumpy economic data, butmarkets are not priced forthe economy to shut backdown."The S and P 500 index fell16.13 points to 3,335.47,after rallying the day before.The Dow Jones IndustrialAverage 0.5%, to 27,452.66,and the technology-heavyNasdaq composite lost0.3%, to 11,085.25.Congress still is arguingover the size of a neweconomic support packageafteradditionalunemployment benefitsexpired. House SpeakerNancy Pelosi and TreasurySecretary Steven Mnuchinhave agreed to hold anotherround of stimulus talks.However with the death ofSupreme Court Justice RuthBader Ginsburg, Congresshas redirected much of itsattention to PresidentTrump's nominee to replaceher.Walmart looks toairports as inspirationof new store layoutWalmart is gettinginspiration from theairport terminal as itrevamps the layout andsignage of its stores tospeed up shopping andbetter cater tosmartphone-armedcustomers, reports UNB.The nation's largestretailer, based inBentonville, Arkansas, saidthat the look, whichincludes signs with bolddimensional typefacespotlighting sections, iscurrently in one store. Itwill be rolled out to 200stores by early next year.with plans to add another800 stores by early 2022.Walmart says it wasworking on a new storelayout a year ago. But thepandemic acceleratedthose efforts as customersare increasingly focused oncontactless shopping amidsafety concerns."We were inspired byairport wayfinding systemsas best-in-class examplesof how to navigate largegroups of people," saysJaney Whiteside, executivevice president and chiefcustomer officer atWalmart's U.S. division, ina corporate blog.As part of the overallsignage, the exterior andinterior of the stores willreflect the Walmart appicon. As customers enterthe store, they will seecolorful iconography and astore directory thatencourages them todownload and use theWalmart app while theyshop. It says its aisles willfeature letter and numbercombinations to guidecustomers from phone toproducts.The 12-year anniversary of the country's leading advertising and event management companyIngenious Group was held at the Westin Hotel in the capital and launched their newonline e-commerce store, sheraa.com.bd. recently. Planning Minister of the Government ofthe People's Republic of Bangladesh M.A. Mannan MP announced the good start of the sitein the presence of dignitaries of the country. Md. Hasan Ekram Ahmed, CEO and MD ofIngenious Group, the mother company of the website, spoke on the occasion. He pledged toprovide quality services to the potential buyers in this business in Bangladesh. Since then,it has established itself as a high-functioning marketplace, ensuring maximum access to itscustomers and partners.Photo: CourtesyEuropean Central Bank chief ChristineLagarde said Monday she wasn't "overlyconcerned" about differences amonggoverning council members over thefuture direction of the bank's pandemicstimulus, reports BSS.Senior members are becomingincreasingly split on future moves toaddress the economic fallout from thecoronavirus between those who believethe ECB's monetary policies should bemore restrained and those who thinksupport for the bloc's economy shouldcarry more weight."I'm not overly concerned that peoplecan have slightly different views andopinions," ECB chief Lagarde told anonline hearing before the EuropeanParliament."What is important is actually once adecision has been made and once amajority has been established it's aquestion of discipline, staying the course,being together," the former Frenchfinance minister said.Lagarde, 64, said she was a "consensusbuilder" and could only build agreements"if views are slightly different amongstmembers".The current president of the Frankfurtbasedinstitution succeeded ItalianMario Draghi last November when theboard was divided as never before, afterhawkish German policymaker SabineLautenschlaeger resigned in what wasseen as a rebuke at Draghi's stimuluspolicies.Lagarde managed the transition,before the coronavirus pandemicbrought unprecedented challengesprompting the ECB to take exceptionalmeasures to keep liquidity flowing in theeurozone.However, cracks have started to form.ECB executive board member FabioPanetta last week said that, in responseFrance launched a freespendingbudget plan onMonday, saying a fresh spikein new Covid-19 casesjustified its unprecedentedloosening of the pursestrings, reports BSS.After 460 billion euros($537 billion) of emergencyspending this year to savethe economy from the virusfallout, the government builtits 2021 budget plan arounda 100-billion "recovery plan",first announced this monthand partly funded by EUmoney.The budget came afterFrance's health servicesSaturday reported 14,412new virus cases over theprevious 24 hours - onlyslightly lower than the record16,000 registered on bothThursday and Friday.The fresh spike threatensto overwhelm hospitals,health officials warned, whilethe government imposedfresh curbs to limit thespread of the virus, includingon restaurants, bars andsports facilities. "There is noreason to give up the idea ofa recovery just because thehealth difficulties have reemerged,"Finance MinisterBruno Le Maire told a newsconference.The spending boost is tohelp the French economy torebound strongly next year,by eight percent according tothe budget, after crashing byan expected 10 percent thisyear, Le Maire said."We are implementing thisrecovery fund so it can beused up quickly and have thegreatest possible impact ongrowth," he said.But the growth forecastimmediately drew criticismfrom France's high councilfor public finance, a statebody charged with makingsure that governmentbudgetary assumptions arerealistic.The growth target was"pro-active", given the "greatuncertainties" weighing onthe economic outlookbecause of the coronavirus,the council said.to Covid-19, "the risks of a policyoverreaction are much smaller than therisks of policy being too slow or too shy toreact and the worst-case scenariosmaterialising."In contrast, outgoing board memberYves Mersch believes the ECB shouldlimit itself to reacting to the economiceffects of the pandemic through itsemergency bond-buying programme,known as PEPP.PEPP is "exceptional and thereforetemporary," Mersch said, and thattransferring any of the PEPP features tothe bank's asset-purchase program,would be legally "very curious".The ECB is ready to "adjust all itsinstruments" to allow the economy torecover, Lagarde reiterated on Monday.The crucial moment for the ECB couldcome in December, when it is expected toannounce further action armed with newprojections for 2023.NRB Global Bank formally opened its Chapainawabganj Islami Banking Branch at ChapaiNawabganj recently. Syed Habib Hasnat, Managing Director of the bank has inaugurated the operationof the branch as chief guest through online. Additional Managing Directors Md. Golam Sarwar& Kazi Mashiur Rahman Jayhad, Deputy Managing Director Mohammad Shamsul Islam & AtausSamad, Divisional Heads from Head office, Branch Managers & distinguished clients were also presenton the occasion. NRB Global Bank has been providing Islamic banking services along with conventionalbanking through the launch of Islamic Banking window from among the existing branches.It was expected that through the latest technological support, the bank will provide quality serviceto the customers & will expand its network in home & abroad to provide "Great Experience" to itsstakeholders.Photo: CourtesyNOVOAIR announcesattractive 'winterholiday package'NOVOAIR is offeringattractive Winter HolidayPackage for Cox's Bazar,Sylhet and Chattogram,reports UNB.The package includes airfare and hotel, hoteltransfer at airport,breakfast and many moreon twin share basis for twonights three days, theairlines said in a pressrelease on Wednesday.NOVOAIR has partneredwith 19 leading privatebanks and card holders ofthese banks can enjoy thispackage at zero interestwhich is payable in six equalmonthly installments, itsaid.Cox's Bazar package fromDhaka starts from Tk 1,777per person per month andfrom other destinations, thestarting rate is Tk 2,666 perperson per month.Partner Hotels includesRoyal Tulip Pearl BeachResort, Sayeman BeachResort, Ocean ParadiseHotel and Resort, LongBeach Hotel, Windy terraceBoutique Hotel, BestWestern Heritage,Neeshorgo Hotel andResort, Grace Cox SmartHotel and Praasad ParadiseHotel and Resort.Sylhet package fromDhaka starts from Tk 1,515Per person per month.Partner Hotels are HotelRose View and HotelNoorjahan grand.Chattogram packagefrom Dhaka starts from Tk2,222 per person permonth and the partnerhotel is Hotel Agrabad.Dhaka package fromCox's Bazar starts at Tk2,222 per person permonth and from otherdestinations Tk 1,888 perperson per month. Partnerhotel is Lakeshore hotels.France unveils bigbudget as viruscases worsenIt also called on thegovernment to be mindful ofpublic debt which hasballooned out of recognitionsince the start of the crisis.France's annual deficit isestimated at 10.2 percent ofGDP this year, and is to comein at 6.7 percent in 2021, thegovernment said.This compares with apermitted ceiling of threepercent for eurozonecountries, which the EU hashowever lifted temporarilyas governments grapple withthe crisis.US Democrats come down to $2.2trillion in new Covid proposalUS Democrats unveiled a $2.2 trillion relief bill Monday tohelp millions of Americans gutted by the coronaviruspandemic, trimming more than $1 trillion off their earlierversion hoping to reach agreement with Republicans aftermonths of stagnation, reports BSS.In a deeply polarized Congress, the chances of reaching anagreement ahead of the November 3 election have sharplydiminished in the past several weeks.But the top Democrat in Washington, House SpeakerNancy Pelosi, and Trump's Treasury Secretary StevenMnuchin, were poised for a fresh round of negotiations.The pair spoke briefly by telephone Monday evening "afterHouse Democrats introduced an updated version of theHeroes Act," Pelosi spokesman Drew Hamill said on Twitter."The two agreed to speak again tomorrow morning."The new plan "provides the absolutely needed resources toprotect lives, livelihoods and the life of our democracy overthe coming months," Pelosi told her Democratic caucus in aletter.She said the measure includes new funding that would"avert catastrophe" for schools, small businesses,restaurants, performance spaces, airline workers andothers.
THURSDAY, OCTOBER 1, 202011An orientation workshop organized by Joypurhat Civil Surgeon's Office to celebrate the NationalVitamin A-Plus Campaign was held at the meeting room of the Civil Surgeon's Office on Wednesday.Civil Surgeon Dr. Selim Miah chaired the occasion while among others, District Information OfficerMahfuzur Rahman, Sadar Upazila Chairman and Editor of Daily Joypurhat Khabar SM Solaiman Ali,MOCS of Civil Surgeon's Office Dr. Jalal Hossain and Medical Officer Dr. Romana Afrin were alsopresent at the occasion. Photo: Masrakul AlomVirtual US college fairto begin on Oct 2DHAKA : The US Embassy in Dhakawill host the largest ever virtual UScollege fair in Bangladesh which willbegin on October 2, reports UNB.The virtual fair will be held on twoconsecutive weekends - October 2, 3and October 9, 10.The fair is for those interested inpursuing undergraduate studies in theUnited States.The EducationUSA South AsiaVirtual Tour 2020 is a joint eventorganised by EducationUSA advisingcenters in Bangladesh, India, Pakistan,Nepal, Sri Lanka, and Afghanistan.Despite the uncertainty caused by theCovid-19 pandemic, US universitiesremain committed to promotinginternationalisation and interested inencouraging talented Bangladeshistudents to study at their campuses tocontribute important diversity anddifferent perspectives, said the USEmbassy.The EducationUSA US UniversityVirtual Fair 2020 will provideBangladeshi students a uniqueopportunity to directly interact withrepresentatives of over 100 accreditedUS universities and colleges and learnabout post-Covid-19 changes toadmissions processing and interviews,standardised testing, precautions toensure student safety and health, andother important developments.Prospective students will also havethe chance to learn more aboutGD- 1267/20 (7 x 3)scholarship and financial aidopportunities and participate ininformational sessions on a variety oftopics, including the US student visaprocess, the Embassy said.The event is free and open to thepublic. Interested students can join thevirtual fair from the comfort of theirown home, from their computer, smartphones, or throughCase filed overSylhet rapeattempt; 3arrestedSYLHET : A case has beenfiled over the rape attempton a schoolgirl on Tuesdayin Sylhet city.Three young men detainedfrom Badambagica area ofthe city were shown arrestedin the case on Wednesday,reports UNB.The suspects are - PavelAhmed, 25, son of AlauddinMiah, resident of Nurpurvillage in Maizgaon union,Abdul Motalib, 22, son ofMushahid Miah, resident ofWarita village and RajonMiah, 24, son of AsddarMiah, resident of Daulatpurvillage in Bahubal upazila ofHabiganj upazila.Another accused Jahirul,20, is absconding.The victim's mother filedthe case at the Airport PoliceStation on Wednesday.Jyotirmoy Sarkar, deputypolice commissioner ofSylhet Metropolitan Police(SMP), said the accusedasked the girl to give themwater.They caught the girl andtied her hands and legs withrope when she came out ofher house with water. Theythen tried to rape her.Locals rushed in andrescued her hearing herscream and caught three ofthe accused.They were later handedover to police.Khulna schoolboykilling: One getsdeath, 5 lifeimprisonmentKHULNA : A Khulna courton Wednesday sentenced aman to death and five othersto life imprisonment forkilling schoolboy Bappi in2010, reports UNB.Additional MetropolitanSessions Judge SM AshikurRahman delivered theverdict.Mohammad Rocky wassentenced to death whileNazrul, Rabiul, al Amin,Milon and Mujib Hawladargot life imprisonment.The court also acquittedtwo other accused - Ibrahimalias Bahadur andMohammad Hasan - asallegations brought againstthem could not be proven.Missing Bangladeshiman found dead inThakurgaonTHAKURGAON : A Bangladeshi man who jumped into ariver while being chase by Indian Border Security Force(BSF) drowned in Nagor River in Baliadangi upazila ofThakurgaon on Tuesday.The deceased was identified as Adu Mia, 28, son of Ezabulof Jugihar village in the upazila, reports UNB.Habibul Haque, officer-in-charge of Baliadangi PoliceStation, said the body was recovered 11 days after the manhad gone missing.Locals spotted the body in Nagor River along Ratnai borderoutpost in the upazila around 4pm on Tuesday and informedthe Border Guard Bangladesh (BGB).Later, eight relatives of Adu identified him. Police sent thebody for a post-mortem examination.On September 18, a group of Bangladeshi men went to theKotpara bordering area. They jumped into the river to avoidarrest after being chased by BSF troopers from Sonamoticamp. Adu had gone missing although others managed toswim ashore.Chattogram Jubo League leaderheld for abusing womenCHATTOGRAM : Police have arrested a Jubo League leaderfrom Chawkbazar area of Chattogram city in a case filed overviolence against women, reports UNB.The arrestee, Ekram Hossain, is the president ofChawkbazar Thana Jubo League. Panchlaish police arrestedhim from Chawkbazar on late Tuesday.Confirming the matter, CMP Police Deputy Commissioner(North) Vijay Basak said the court had ordered his arrest.Panchlaish Police Station Sub-Inspector (SI) Afroza saidthe court warrant was issued in a case filed by a woman."The accused was sent to court in the morning. The courtdid not grant him bail and sent him to jail," she added.Ekram Hossain is the son of late Awami League leaderMosharraf Hossain of Maqbool Saudagar Lane in TupiwalaPara under Panchlaish Police Station.Discussion on addressingSDGs in post-pandemicworld on Oct 1DHAKA : The Center for Peace Studies(CPS) of South Asian Institute of Policy andGovernance (SIPG) at NSU and theUniversity of Sunshine Coast, Australia willjointly organise a webinar on October 1.The webinar, titled 'Build Back Better:How Bangladesh Can Address UN SDGs ina Post-Pandemic World?', will identifyresources and support that are necessary toachieve the UN goals.It will discuss how the Covid-19pandemic is impacting major areas likefood security, poverty, health andwellbeing, education, environment, andrepresentative UN SDGs like SDG 1 (nopoverty), SDG 2 (zero hunger), SDG 3(good health and wellbeing), SDG 4 (qualityeducation), SDG 9 (industry,innovation and infrastructure), SDG 10(reduced inequality), SDG 12 (responsibleconsumption and production), SDG 13(climate action) and SDG 15 (life on land)from Bangladesh perspective, reports UNB.Dr Debapriya Bhattacharya, Member,CPD Board of Trustees and DistinguishedFellow, CPD, Dr Sharif A. Mukul, SeniorResearch Fellow, University of theSunshine Coast, Australia, SudiptoMukerjee, Resident Representative, UNDPBangladesh, Dr Salahuddin M.Aminuzzaman, Prof and Adviser, SIPG,NSU or Fellow, SIPG and the formerForeign Secretary, Dr Bulbul Siddiqi,Associate Prof, NSU, Dr Katherine Li,Adviser, CPS, NSU and Dr Tapan Sarker,Associate Professor, Griffith University willtake part in the discussion.The Covid-19 pandemic is impactingsociety and economics both in developedand developing countries with a substantialimpact on the local environment.The progress towards UN SustainableDevelopment Goals (SDGs) is also impededdue to this pandemic, said the organisers.While developed countries may expect aquick recovery and return to a neo-normalsituation in a post-pandemic world, it is notquite certain how developing countries willrespond to a changing global context, theysaid.This pandemic, although expected to givea rise to a cleaner and greener global futurethat emphasises sustainable development,a circular economy, and investments innature-based solutions, a clear roadmap isnecessary to achieve these targets.Priest arrested forrape at churchRAJSHAHI : A priest, accused of raping aminor indigenous girl, was arrested fromBishop House at Amchattar in Tanoreupazila of Rajshahi on Tuesday night.Pradeep Gregory, 50, is a priest of MaryVianni Church.Rab-5 members arrested him from theBishop House around 11:30pm and handedhim over to local police, reports UNB.Rakibul Hasan, officer-in-charge of TanorePolice Station, said police sent the victim toRajshahi Medical College Hospital's One-Stop Crisis Centre for medical tests onWednesday morning. The accused priest willbe produced before court, he said.Father Pradeep was accused of keeping anunderage indigenous girl confined at aGD- 1272/20 (4 x 3)K…DK = 68GD- 1268/20 (5 x 3)church in Tanore for three days and rapingher. A case was filed against him on Tuesdaynight at Tanore Police Station.OC Rakibul said they rescued the victimand brought her to the police station.Locals said the girl went missing onSaturday from near the church where shewas cutting grass. Her brother filed a policecomplaint the next day as she remainedmissing.Around Monday noon, it was learnt thatthe girl was confined in Father Pradeep'sroom. The victim's family members andlocals rescued her.In the evening, a kangaroo court at thechurch found Pradeep guilty and shifted himto Rajshahi.
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