The attention of the Anti-Corruption Commission (ACC) has been drawn to a news item published in print media regarding a letter from the legal team of Tulip Siddiq, the former UK Anti-Corruption Minister who had to step down on the charges of corruption recently. ACC Chairman Dr Mohammad Abdul Momen at a press briefing today at its Segunbagicha Headquarters said, “While legal representation is standard practice for any accused individual . . . corruption charges are not compoundable and must be resolved through legal proceedings.” He added: “Exchanging letters cannot take the place of a proper court process.” Tulip Siddiq,…
Author: diplomaticjourna_diplomaticjourna
The International Monetary Fund (IMF) had acknowledged the progress in ongoing reforms initiated by Bangladesh Bank (BB). “The IMF delegation expressed concern over the country’s revenue collection performance but acknowledged progress in ongoing reforms initiated by the Bangladesh Bank Policy rate to be lowered if inflation falls below 8 percent,” said BB Spokesperson Arif Hossain Khan. Arif Hossain Khan said this after a meeting between BB Governor Ahsan H Mansur and IMF visiting delegation led by led by Mission Chief Chris Papageorgiou at BB headquarters in the city. During the meeting, Arif Hossain Khan said the Bangladesh Bank has informed the IMF that the central bank will consider…
Executive Chairman of the Bangladesh Investment Development Authority (BIDA) Chowdhury Ashik Mahmud Bin Harun today said the new tariffs, imposed by the United States (US) authorities, will have no negative impact, rather the additional push would help Bangladesh create a better investment environment. “I don’t see any negativity at all. We think significant progress can be brought in around the overall investment climate,” he said while responding to a question at a press briefing at the Foreign Service Academy. He said Bangladesh’s competitor countries are on the same boat. “Our travel direction will most likely be the same direction that…
The four-day ‘Bangladesh Investment Summit 2025’ begins here today showcasing the country’s evolving investment opportunities and economic reforms. The summit aims to portray Bangladesh’s investment potential, highlight economic reforms following the July revolution, and create long-term investment pipelines for sustainable economic growth. Chief Adviser Professor Muhammad Yunus will formally inaugurate the main event of the summit in the presence of ambassadors, top business executives, and policymakers on April 9 as the first two-day’s schedule includes a number of side events for invited investors. According to the organisers, the summit has attracted over 2,300 participants from 50 countries, including over 550…
Asian markets took a huge plunge Monday as US futures pointed to significant losses on Wall Street over Donald Trump’s punishing tariffs, even as countries sought compromise with the defiant president. Trump denied Sunday he was intentionally engineering a selloff and insisted he could not foresee market reactions, saying he would not make a deal with other countries unless trade deficits were solved. “Sometimes you have to take medicine to fix something,” he said of the market pain that has seen trillions of dollars wiped off the value of US companies since the beginning of his tariff rampage. Speaking to…
The International Monetary Fund (IMF) has expressed satisfaction with the recent improvement of Bangladesh economy. “The IMF team has expressed satisfaction with improvement of Bangladesh economy as it is stable now. They observed that the country’s economy is moving to right direction,” Finance Adviser Dr Salehuddin Ahmed told reporters after a meeting with IMF team at the secretariat here. A visiting delegation of IMF led by Mission Chief Chris Papageorgiou, has started discussions to review updated financial data before releasing the next tranches of the $4.7 billion loan. The other members included IMF Resident Representative in Dhaka Jayendu De and…
After a nine-day Eid vacation, government and private offices, along with banks, financial institutions, and courts, resumed operations today. Banking services resumed at 10:00am across the country, with transactions continuing till 4:00 PM while the stock market also opened its doors at 10:00am which will continue until 2:30 PM. Officials and employees returning to work were seen exchanging Eid greetings with colleagues. However, a festive mood still lingered as many holidaymakers have yet to return to the capital. Eid-ul-Fitr, one of the biggest religious festivals of Muslims, was celebrated across the country on March 31. The Eid holidays began on…
Army Chief General Waker-Uz-Zaman left Dhaka this morning for a week-long official visit to Russia and Croatia. He departed for Russia this morning, said an ISPR press release. Following his visit to Russia, the army chief will travel to Croatia on April 10. During the visit, he will hold meetings with senior civil and military officials of both the countries and exchange views on enhancing bilateral cooperation in defense and related sectors. General Waker is also likely to visit some military installations and arms manufacturing facilities there. After wrapping up his visit, the army chief is scheduled to return home…
Home Affairs Adviser Lieutenant General Md. Jahangir Alam Chowdhury (Retd) today categorically said Bangladesh remains steadfast in its commitment to prevent human trafficking. The adviser reiterated the commitment while addressing as the chief guest at the third meeting of the BIMSTEC (The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) sub-group on Human Trafficking at Hotel Pan Pacific Sonargaon here. The home adviser said they have established a strong legal framework to capture those involved in human trafficking. “We have been working towards achieving the goal.” Jahangir said security measures have been strengthened at frontiers alongside increasing the public…
Chief Adviser’s Press Secretary Shafiqul Alam has said when Chief Adviser Professor Muhammad Yunus raised the extradition issue of Sheikh Hasina during his bilateral meeting with Indian Prime Minister Narendra Modi, the response of Modi was not negative. During the meeting, Narendra Modi was very respectful towards Prof Yunus, he wrote on his verified Facebook account today. Alam said Modi spoke highly of his work and one of the things he said in the meeting was while India had good relations with Sheikh Hasina, “We saw her disrespectful behaviour towards you (Yunus). But we continued to respect and honour you.”…
