Page 1

Long Form


Agrahayan 11, 1420 Muharram 20, 1435 Regd. No. DA 6238 Vol 1 No 241


Exiting the mayhem: Reality check, concession and pragmatism


World powers, Iran clinch ‘historic’ nuclear deal

MONDAY, NOVEMBER 25, 2013 | www.dhakatribune.com | SECOND EDITION



Arch-rivals gear up for prestigious clash

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So close yet so far

SC full judgement in Quader Molla case likely this week n Julfikar Ali Manik

Hopes for dialogue still flicker n Mohammad Al-MasumMolla Saturday’s “top-secret” meeting between the general secretaries of the two major political parties reportedly opened a window for the much expected dialogue, but one issue got in the way of breaking the deadlock over the polls-time arrangement. BNP acting Secretary General Mirza Fakhrul Islam Alamgir during the meeting handed a list of prerequisites to Awami League General Secretary and LGRD Minister Syed Ashraful Islam so that they can sit for a formal dialogue, sources from both the parties said.

Ashraf would convey the message to the prime minister and then decide on dialogue The prerequisites are: Prime Minister Sheikh Hasina must step down, the government have to dissolve the parliament and reconstitute Election Commission, reshuffle the administration and finally refrain from announcing the polls schedule. During the meeting Ashraf told Fakhrul that he would convey the message to the prime minister and after his discussion with Hasina he would invite Fakhrul to a dialogue, said BNP insiders. Leaders of both the camps said the thorny problem is that who to head the interim government. Excepting this, all others issues are not a big deal to be handled.

BNP Standing Committee Member ASM Hannan Shah yesterday said he came to know that the meeting took place and it was inconclusive. However, hours later in a press release signed by Joint Secretary General Ruhu lKabir Rizvi, he said his statement was misquoted by the media. Information Minister Hasanul Haque Inu, however, told reporters that the meeting was held. But Fakhrul on Saturday late night denied holding any meeting with Ashraf to the waiting reporters in front of Khaleda Zia’s Gulshan office saying: “It was totally baseless.” The “secret meeting” took place at the Banani residence of BNP lawmaker Ashrafuddin Nizan. When contacted Nizan neither denied nor admitted holding such a meeting at his residence. He rather told the Dhaka Tribune: “It is not a big deal whether the meeting took place. The main issue is that the nation wants the crisis to be resolved through dialogue.” Meanwhile, BNP leaders believed it was a strategy of the government to weaken their ongoing agitation and morale of the leaders and activists of the party by engaging opposition in the “rhetoric of dialogue.” A senior leader of BNP said they told Ashraf that if Sheikh Hasina resigned from the position of prime minister the other issues would not be difficult to resolve.  PAGE 2 COLUMN 4

EC gives little hint over polls schedule n Mohammad Zakaria

The Election Commission yesterday could not set a definite date for the announcement of the next parliamentary polls schedule amid flicker of hope for a dialogue between the rival political camps to resolve the political impasse. Though the commission has supposedly completed all necessary preparations for the announcement, the Chief Election Commissioner (CEC) Kazi Rakibuddin Ahmad and other

election commissioners left the offices at around 6:45pm, after sitting for a number of informal meetings. The CEC, however, told the media that the EC did not hold any meeting on polls schedule but might sit today (Monday) or tomorrow (Tuesday). “The EC would inform the media about the announcement of the elections schedule soon,” he said. When asked if he would wait for a political consensus, the CEC said: “Everybody is waiting for a consensus.”

“A discussion is on among the political parties about the consensus. The whole country including us is observing the development,” he also said. Kazi Rakibuddin said: “The EC has the constitutional responsibility to hold elections. The election must be held within the stipulated time allowed in the constitution.” He said the commission would announce the polls schedule in due time in line with the constitution.  PAGE 2 COLUMN 6

The Supreme Court’s full judgement in war criminal Quader Molla’s case is likely to be released by this week as it was almost ready except little formalities, said the apex court sources. A five-member Appellate Division bench of the SC, headed by Chief Justice Md Muzammel Hossain on September 17 had pronounced the verdict that sentenced Jamaat-eIslami leader Abdul Quader Molla to death. Justice seekers have eagerly been waiting for the copy of the full judgment since, as the government could not start the process of executing the death sentence until the copy was released. The four other judges of the bench were Justice Surendra Kumar Sinha, Justice MA Wahhab Miah, Justice Syed Mahmud Hossain and Justice AHM Shamsuddin Choudhury Manik. The SC bench gave Molla the death penalty by a majority, as one of the five judges, even though finding Molla guilty, was against capital punishment for the Jamaat-e-Islami assistant secretary general. The SC source said two of the four judges, who had awarded death sentence to Molla, completed writing of their elaborate judgment and signed earlier. These two judges wrote in favour of the four, who had awarded death sentence. Another judge of the bench, who was against awarding a death sentence also completed writing his elaborate judgment and signed it, said the source. Contacted, the Attorney General  PAGE 2 COLUMN 4

MP’s son shot in AL-BNP clashes in Sandwip

Stage set for Ticfa signing today

n Sheikh Shahariar Zaman Dhaka is set to sign the much-awaited Trade and Investment Cooperation Forum Agreement (Ticfa) with Washington today. “We are going to sign Ticfa tomorrow morning,” Akramul Qader, Bangladesh ambassador to the US, told the Dhaka Tribune over telephone from the US capital yesterday. After signing the agreement, both parties will meet to discuss the future course of action and other trade-related issues including the GSP (Generalised System Of Preferences), which the US suspended for Bangladesh in June over the issue of workers’ rights. “It is expected that GSP and other trade-related issues will be discussed in the meeting,” Qader said. The cabinet endorsed Ticfa in June after negotiating with Washington for almost a decade. The legally non-binding agreement emphasises on prohibition of protectionist trade policies, and is expected to promote bilateral trade between the two countries. The protection of intellectual property rights, the role of the international anti-corruption convention and its importance, the protection of labour rights and WTO commitments of both countries are stipulated in the 16-parargraph preamble. The main part of the agreement has seven articles and stipulates that a forum has been created through the accord. According to the forum’s structure, the chair from the Bangladesh side will be the commerce ministry, while the Office of US Trade Representative will chair the US side. Another important aspect of the forum is that in general, the two governments will discuss trade issues, but there will be scope for active participation from private sector and civil societies. Bangladesh already has bilateral trade accords with 42 countries and negotiations are ongoing for signing deals with eight others. The US has similar contracts with over 90 countries. l

n Tarek Mahmud, Chittagong

An old man is half-buried under the earth as part of his paralysis treatment. A village quack treating the man claims that he invented an exceptional method for treating paralysis patients. The photo was taken in Netrokona on Saturday BANGLAR CHOKH

INSIDE Business

B1 Prime Minister Sheikh Hasina yesterday asked the authorities to take more programmes to alert small and new investors about relevant laws and rules of the stock market to mitigate their investment risks.


3 Renewing her call to the opposition to join the upcoming parliamentary election, Prime Minister Sheikh Hasina yesterday urged Khaleda Zia to give names of the MPs saying that she is ready to offer any ministry that the opposition leader wants.


7 Cox’s Bazar – one of the country’s major tourist spots – is on the verge of losing its attraction as the lack of modern waste management systems is ruining the environment, resulting in tourists losing interest and the industry suffering.


12 Chhayanaut paid tribute to its founding president, the renowned poet Sufia Kamal, on her 14th death anniversary.

Five people including the son of a BNP lawmaker were shot and injured yesterday during daylong clashes between the AL and the BNP on Sandwip island. Iqbal Pasha Javed, son of Mostafa Kamal Pasha, BNP’s lawmaker from the Chittagong-13 seat, was shot when Awami League activists allegedly swooped on his house yesterday afternoon. Officer-in-Charge of Sandwip police station Gias Uddin said Javed was shot on the right side of his chest and was sent to Chittagong Medical College Hospital in a critical condition. The ruling party men, who allegedly hired notorious pirate gang “Jasu Bahini” from the nearby Urir Char, also set fire to a room of the lawmaker’s house, said locals and police sources. The police said four BNP men also received bullet wounds during daylong clashes at Taltoli Bazar which were sparked by the hacking of Jubo League

activist Akbar Hossain on Saturday night. Some BNP men allegedly hacked Jubo League man Akbar in Taltoli Bazar area, triggering the unrest in the area, said the OC. Law enforcers shot 20 rounds of tear shells and rubber bullets to disperse the agitating activists from both sides, the OC said. At around 3:30pm, the AL men along with the pirates attacked the MP’s house with firearms and lethal weapons, police sources said. They opened fire at the lawmaker’s residence, hitting Javed who was inside, the OC said. The MP claimed that Awami League had hired the local pirate group to launch the attack, but OC Gias could not confirm the matter. Lawmaker Mostafa also said he had sought security from the police, but no measures had been taken in this regard so far.  PAGE 2 COLUMN 3

Hefazat plans Dhaka ‘grand’ rally on Dec 24 n Tushar Hayat, Chittagong

Hefazat-e-Islam yesterday announced a plan to hold a grand rally on December 24 at the Shapla Chattar in Dhaka to press for implementation of its controversial 13-point demand and protest the publication of a caricature of its chief, Shah Ahmed Shafi. “Posters are being pasted at different parts of the country containing a defamatory caricature of Hefazat’s ameer with the 18-party alliance leader,” Junaid Babunagari, secretary general of the Chittagong-based Islamist group, told a press conference at Hathazari yesterday. Reading from a written statement, Babunagari said Hefazat would hold a “grand rally” in the capital on December 24 to demand exemplary punishment for the persons responsible for the caricature, as well as the implementation of its demands that include scraping the National Women Development Policy and banning mixing of men and women in public.  PAGE 2 COLUMN 3




Monday, November 25, 2013

Five senior police officials transferred n Kailash Sarkar The government yesterday issued transfer orders to five senior police officials, including the commissioner of Sylhet Metropolitan Police (SMP). SMP Commissioner Nibas Chandra Majhi, also a deputy inspector general (DIG), has been replaced by Dhaka Range Police Additional DIG Md Mizanur Rahman, while the SMP commissioner was made the chief of Tourist Police unit. Additional DIG Shafiqul Islam of police headquarters was transferred to the Dhaka Range Police. Superintendent of Police (SP) of Chuadanga district, Abdur Rahim Shah Chowdhury, has been transferred to Special Branch (SB) of Police as a special SP and Rangpur Police Training Centre In-charge Md Rashidul Hasan has been transferred to Chuadanga as his replacement. l

Manju PM’s adviser n Mohosinul Karim

HC rule on no-vote provision n Nazmus Sakib The High Court yesterday issued a rule on why the no-vote provision should not be reinstated in the Representation of the People Order, 1972. The bench of Mirza Hussain Haider and Justice Khurshid Alam Sarker ordered the cabinet secretary, law secretary, chief election commissioner and election commission secretary to respond to the rule within two weeks. The rule was issued following a writ petition lodged on November 17 by two Supreme Court lawyers: Shahriar Majid and Rukon Uddin Mohammad Faruk.

P4 WRIT SEEKS JS DISSOLUTION The last parliamentary elections were held with a no-vote provision that says re-election has to be ordered if the number of no-votes exceeds the number of ballots of the candidate who got the highest votes. However, Sheikh Hasina’s government removed the provision from the RPO after assuming power. Redwan Ahmed Ranjeeb pleaded for the petitioner while Deputy Attorney General Al-Amin Sarker represented the state. In his plea, Ranjeeb said the Indian Supreme Court had recently ordered the introduction of the no-vote system in the election, adding that the judgement of the Indian Court had “persuasive value.” The plea also said 14 countries, including the UK, US, Spain, India, Pakistan and Australia, had the “no-vote” provision. l

Nomination expectants of Awami League yesterday gathered in front of Ganabhaban to meet the Prime Minister Sheikh Hasina

Private med schools failing to attract enough students DGHS reschedule admission dates, BMDC criticises health ministry for ‘mass approval’ of colleges n Moniruzzaman Uzzal Most of the private medical and dental colleges across the country have failed to draw enough students for the current academic year’s undergraduate (MBBS and BDS) programmes, forcing the authorities to extend the last date of submitting applications. According to the health ministry, the admission process is ongoing at 55 private medical and 14 dental colleges, though it was learnt that two-thirds of the private institutes, especially the new medical colleges, failed to receive enough applications within the scheduled time. Among the 14 dental colleges – with the exception of Dhaka Dental College – the number of applicants was almost zero, prompting the Directorate General of Health Services (DGHS) to extend the

Guardians wait in front of VNC during the PSC exams yesterday



HC reduces punishment for four, acquits one The High Court yesterday commuted the death sentence of four convicts to life imprisonment and acquitted another in Turjo Ghosh Rony murder case. The bench of Justice Md Abdul Hye and Justice Krishna Debnath gave the verdict over the lower court’s death reference and the appeals of the convicts. A speedy trial tribunal of Dhaka on January 23, 2008 sentenced Shahadat Hossain Liton alias Khora Liton, his brother Al Mamun, Abu Sayeed, Shamsun Nahar Sheuli and Farhad Alam Hira to death for their involvement in killing Turjo. The HC yesterday revised the judgement by sentencing Khora Liton and Al Mamun to life in prison while Abu Sayeed and Shamsun Nahar Sheuli to seven years’ imprisonment. Another convict Farhad Alam Hira was acquitted. The HC said both Sayeed and Sheuli would be released as they have already served the jail term. The convicts had abducted Turjo Ghosh Rony, son of a jewellery shop owner, Jagannath Ghosh, for ransom. Later, Turjo was killed. Turjo’s family said they would file an appeal challenging the HC’s verdict.

Turjo’s mother Suchitra Rani Ghosh said the verdict could not be accepted as the convicts had confessed to their involvement in her son’s murder. Her husband Jagannath Ghosh was seen crying following the declaration of the judgement. Two lifers’ lawyer, Aminul Islam said appeals would be filed with the Appellate Division seeking acquittal. According to the case details, Turjo was confined on October 29, 2006, at Sheuli’s rented residence at Rampura, and a ransom of Tk10m was demanded from his family for his release. Even though the amount was paid, Trujo did not return, forcing his father to register a case with the Uttara police station on November 7, 2006. On December 1, Rapid Action Battalion recovered the decomposed corpse of Turjo halved in two pieces, from two different spots in the city. The law enforcers nabbed Abu Syeed in connection with the killing on December 20. Later, the detainee confessed to the murder, and the other four were arrested based on his confessional statement. On March 5, 2007, DB police had submitted the charge sheet against the five accused. l

Association (BPMCA), said they did not apply to the DGHS for extending the admission date. He said most of the old medical colleges have already published the merit list of the students who were eligible for admission and had begun the admission process itself. Admitting that most students and their guardians aimed for renowned medical colleges, Dr Moazzem said those who fail to secure seats at their desired colleges later try to be admitted at less qualified medical colleges. He also assumed that the dates were rescheduled as the new medical college were yet to receive enough applications from the students. Medical education specialists said only 15-20 medical colleges had the proper facilities to be considered as standard-quality institutes. l

last date of application and admission. At a general meeting Saturday, the Bangladesh Medical and Dental Council (BMDC) officials strongly criticised the health ministry’s “mass approval” of medical colleges by violating its own admission policy, sources said. Seeking anonymity, senior officials of the BMDC told the Dhaka Tribune that according to the admission policy, each new medical college should apply for registration within two months of students’ admission, but they fail to do so even after two years. The health ministry allegedly do not take any action against the colleges, but grant permission to the med schools for extended numbers of seats. Seeking anonymity, a senior official of the DGHS said only a few medical colleges like Bangladesh Medical College,

Ibrahim, Holy Family Red Crescent, Uttara Adhunik, National, Zahurul Islam, Comilla Eastern, Rajshahi Islamia, East West, and Community Based Medical Hospitals have received applications that are eight- to tenfold their existing seats. Most of these colleges – where the admission fee was between Tk1.5m and Tk3m – had received 800 to 1,300 applications against less than 100 available seats in each institutes. Sources said the DGHS rescheduled the beginning and final dates for student admission, after taking the situation under consideration. The previous dates of November 20 as the start of admissions and December 10 as the last date, were moved to November 30 and December 20 respectively. Dr Moazzem Hossain, president of Bangladesh Private Medical College

MP’s son shot in AL-BNP clashes in Sandwip

SC judgement in Quader Molla case likely


n Nazmus Sakib


Prime Minister Sheikh Hasina on Sunday appointed Jatiya Party (JP) Chairman Anwar Hossain Manju as her adviser. “The cabinet division on Sunday issued an order appointing Monju as a prime ministerial adviser,” Joint secretary to the Cabinet Division Abdul Wadud informed the Dhaka Tribune. The gazette notification published on Sunday said Monju would enjoy the status of a minister as prime minister’s advisor. His appointment raises the number of advisors to the prime minister to 11. Earlier, the prime minister appointed Shafiq Ahmed and Dilip Borua as advisors on November 21 and Ziauddin Ahmed Bablu as advisor on November 18. Khandakar Md. Iftekhar Haidar, the additional secretary to the cabinet division said, “None of the advisors to the prime minister received portfolios yet.” The cabinet division did not get any directives from the prime minister in this regard. “It’s only the matter of the premier. If we get any directives, we will issue an order distributing the portfolios for the advisors,” he added. When asked about exclusion of existing advisors, he said we are yet to get any instruction in this regard. Probably, all of them may continue with the polls time government. The other seven advisors to the prime minister are- HT Imam, Gowher Rizvi, Masiur Rahman, Tawfiq-e Elahi Chowdhury, Alauddin Ahmed, Dr Syed Modasser Ali and Tareq Ahmed Siddique. l

“Additional police came to the area but they took up position far from my residence,” he said. Denying the allegation, Superintendent of police AKM Hafiz Akhter said he had ordered the OC to increase personnel, while additional forces, led by Syed Iqbal Ali, assistant superintendent of police of Sitakuna circle, was on their way to Sandwip. “As Sandwip is an isolated place from the mainland of the country, it takes time for the additional police to reach the scene,” he said. Leaders from the local BNP and Awami League units have blamed each other for the clashes. l


Mahbubey Alam told the Dhaka Tribune last night that he was aware of the development. He said now the order of the court would be readied, which Mahbubey mentioned as “matter of formalities” to release the full text of the judgment. “I hope the judgment will be released by this week or very soon,” said Mahbubey. “Following the release of the judgment, the government will decide when and how its orders will be implemented,” he said. There was a debate over the review of this judgment. The defence counsels

So close yet so far  PAGE 1 COLUMN 2

Hefazat plans Dhaka ‘grand’ rally on Dec 24  PAGE 1 COLUMN 6

“We are not the opponent of the government. However, they have forced us to take a position against them through conducting propaganda against us,” Babunagari said. He also announced that the group would hold protest rallies and bring out processions in every district and upazila of the country on Friday, and hold conferences at different divisional and district headquarters between November 28 and December 24. On May 5, ahead of a rally at Shapla Chattar in Motijheel, Hefazat supporters created mayhem in the capital’s commercial area. Law enforcers later dispersed the rally in a late-night crack down, with varying reports following over the number of people killed. l

argued that they would have the right to file an application in the SC to review this judgment. However, AG mahbubey yesterday again said, “There is no scope of reviewing the judgment of the Quader Molla case.” He said after releasing the judgment, the government could start the process of execution, which has to be implemented within 21 and 28 days from the day the authority receives the judgment. International Crimes Tribunal-2, on February 5, had found Molla, 65, guilty on five of the six charges of crimes against humanity. But, the Supreme Court in its maiden ver-

Ashraf, in reply, told Fakhrul that they were ready to do everything to hold a “credible and inclusive” election including reconstituting the election commission but they would not compromise with Hasina heading the pollstime government. Prime Minister Sehikh Hasina, however, at a programme on Sunday said they were ready to sacrifice any ministry the BNP preferred if they join the polls and interim cabinet. When contacted, leaders of both the parties said there was a slim chance of settlement as both Ashraf and Fakhrul remained rigid on their stances. Meanwhile, Inu told reporters at the secretariat that the door of dialogue was not shut and there was still scope for compromise. “I believe opposition leader Khaleda Zia will take part in the election to continue the democratic process.” After talks with Ashraf, Fakhrul held a meeting with the BNP chairperson and informed her about the government’s intention.

Interestingly, talking to five standing committee members and three advisers the Dhaka Tribune came to know that they knew nothing about the meeting and they learnt it from the television scrolls, online media and newspapers. “I was in the chairperson’s office and Fakhrul was there but he did not tell me anything. I learnt only when one of my party activists called me and informed me about the television scroll,” a senior leader told the Dhaka Tribune. A standing committee member said: “We were not informed about the meeting. It is a trap of the government. When we talk about movement the Awami League calls for dialogue. They are doing it deliberately to foil our movement and to weaken our activists’ morale. We are walking into the trap again and again.” While two Awami League leaders said as the opposition BNP was adamantly opposed to our proposal the meeting would not yield any positive result. A senior leader of AL also said Ashraf would inform Hasina about the

Govt to protest NYT editorial n Tribune Report The government will send a rejoinder to the New York Times for an editorial that criticised it for alleged rights violations and the recent political crisis over the elections. On November 20, the NYT claimed that if violations of rights continue, Bangladesh could face pressure and perhaps sanctions from the international community. The Bangladesh information minister termed the report “motivated and objectionable”. l

dict in a war crimes appeal found Molla guilty on all six charges brought against him. The Tribunal-2 awarded Molla, infamous as “Mirpurer Kasai” (Butcher of Mirpur), maximum life imprisonment even though it had been proved beyond doubt that the Jamaat leader had committed heinous war crimes. Overruling the judgment of the Tribunal-2, that had given Molla life term for crimes against humanity and war crimes committed in 1971, the SC awarded him death sentence, which is highest punishment in the country. l

EC gives little hint  PAGE 1 COLUMN 5

Sources at the EC, however, said they have all the preparations to announce the schedule. Following direction of the CEC, the commission would call a meeting. After the meeting, the CEC would announce the polls’ schedule for the next general elections. EC sources also said the CEC would deliver a speech to the nation. At the commission meeting yesterday, the EC has finalised draft of a 7-page speech of the CEC. In his speech, the CEC would urge all political parties to participate in the next parliamentary elections. He would assure them about ensuring a level playing field. The CEC would also talk about the commission’s expectations under the present political situation and would ask for the assistance of media for holding “credible and peaceful” elections. The commission has also discussed whether Bangladesh Jamaat-e-Islami could participate in the polls or not. The commission also examined the High Court verdict cancelling Jamaat’s registration. Meanwhile, security around the EC secretariat was beefed up yesterday. l



PM ‘ready to offer any ministry opposition leader wants’ n Tribune Desk Renewing her call to the opposition to join the upcoming parliamentary election, Prime Minister Sheikh Hasina yesterday urged Khaleda Zia to give names of the MPs for including them in the all-party cabinet, saying that she was ready to offer any ministry that the opposition leader wants. “Only BNP did not join the all-party (election-time) cabinet. The Election Commission is working independently and it is also independent financially. Therefore, I urge the opposition leader to join the election. If there is any doubt about the election, then you (Khaleda) could give names of the MPs who could be placed in the all-party cabinet. You will be given the ministry you want,” she said. Hasina, also the president of the ruling Awami League, was commenting during a view-exchange meeting with

the party’s nomination seekers at her official Ganobhaban residence in the afternoon, reports UNB. Awami League General Secretary Syed Ashraful Islam gave the welcome address on the occasion with senior party leaders present. Some 3,000 nomination seekers from across the country joined the meeting, ahead of the upcoming national election. The prime minister said the nation would have to start from a certain point by holding the next general election in a democratic process as per the constitution. “Elections took place on an ad-hoc basis over the last 38 years. We do not want any more ad-hoc measures for the future generation. We want the election to be held as per the constitutional and democratic process so that our future generation will get a fair, disciplined life.”

She asked her party leaders as well as the nomination seekers to work unitedly for the sake of the country, it’s people, democracy and constitutional process, as they had done before the national election in 2008, so that none could foil the spirit of the war of liberation. “Whoever we give nominations, you will have to work blindly for the symbol ‘Boat’, no need to see the candidates,” Hasina said. “If the Awami League participates in the polls with its allies, then some seats will have to be left for the partners of the alliance. You will have to accept this and work accordingly.” Mentioning that the aspirant candidates of her party this time are much higher compared to 300 seats, the AL president said nominations would be given based on the opinions of the grassroots leaders and surveys. All the worthy candidates may not get the nomination. Regarding the all-party polls-time


Monday, November 25, 2013

cabinet, Hasina said the president had told her to make the cabinet smaller and following his advice she had taken steps accordingly. She added that the president will now request the Election Commission to announce the election schedule. The prime minister said her government had amended the constitution and restored the spirit of the war of liberation so that none could usurp power in future through unconstitutional manner while democracy was upheld and none could “play ducks and drakes” with the fate of the people. She said although the opposition had only 10% of parliament seats, she had earlier urged the opposition to take part in the formation of an all-party government and thus join the election because Awami League had always worked for establishing the rights of the common people. l

EC requests security beef-up at all polls offices n Mohammad Zakaria The Election Commission has sent letters to four institutions requesting heightened security at its secretariats and field level offices across the country. Following an emergency meeting yesterday, the letters, signed by EC Secretary Muhammed Sadique, were sent to the police headquarters and its special branch, Rab and the civil aviation and tourism ministry. Seeking anonymity, a senior EC official told the Dhaka Tribune: “We are sending letters to the concerned institutions as per the commission’s decision.” The decision was made as the presence of local and foreign observers, candidates and political parties at election offices would increase after the announcement of the polls schedule, he added. The commission has also taken precautionary measures to prevent the

entrance of people with harmful materials to its secretariats and all election offices across the country. “A single metal detector has been installed at one gate of the commission, and a letter has been sent to the special branch of police to install another metal detector machine at the other gate,” the official said. The commission also sent a letter to the civil aviation and tourism ministry seeking assistance in installing scanner machines. Letters have also been sent to Rab for checking any person when he/she enters into concerned offices during the pre-election time, while the elite force will also investigate if any explosive materials are carried by the visitors. Besides, the commission has sent a letter to the police headquarters to increase police security in 10 regional election offices, 64 district election offices and 512 upazila/thana level election offices. l

Jamaat hartal ends in relative peace in Chittagong n Tarek Mahmud, Chittagong

Ershad: My decision is final for JP

The dawn-to-dusk hartal enforced by Jamaat-e-Islami in Chittagong yesterday passed off almost peacefully, with no incidents of casualty or detention reported anywhere. The Islamist party called the shutdown on Saturday in protest of the deaths of two of its activists in Sitakunda and Mirsarai upazilas in the last week. In the morning, hartal supporters torched two CNG-run tempos near the Sholoshahar Number Two Gate after bringing out a brisk procession. They also hurled two crude bombs at troop-carrying vehicles of Border Guard Bangladesh without any casualties.

Jatiya party chief HM Ershad yesterday said his decision to join the interim government was the final decision for the party. He made the statement in the afternoon at the party’s Banani office after observing the sale of nomination papers. On Saturday, the party presidium member Kazi Zafar Ahmed issued a press statement with his signature which stated: “HM Ershad has betrayed the nation by joining the polls-time government.” Responding to journalists’ queries on the statement, the former president said: “There is no reason to be confused over the statement. He is still in my party and there is no need to worry about the issue.” The JP chief also said he does not believe that the statement was issued by Kazi Zafar. “We are on our way to participating in the election and Jatiya Party is now busy with election campaigns. There is no way for a change of power without an election,” he added. On behalf of the JP chief, his political secretary, Sunil Shuvo Roy, on the same day told the Dhaka Tribune: “If Zafar had really issued the statement, then the party will take stern legal actions against him for breaking party rules.” l

n Manik Miazee

Picketers set off at least 15 crude bombs around various points of the city throughout the day Picketers set off at least 15 crude bombs around various points of the city throughout the day, said Shah Mohammad Abdur Rouf, assistant commissioner of Panchlaish circle in Chittagong Metropolitan Police. “Apart from these, no untoward incidents were reported within the district.” The presence of vehicles on the streets was relatively thin in the morning but it increased as the day progressed. While train services remained undisrupted, hardly any buses plied across the intra-district routes. Sources said the shutdown was enforced to protest two recent deaths. On November 20, police recovered the bullet-ridden body of Aminul Islam, general secretary of Barab Kunda union unit of the party in Sitakunda, lying beside a road after three days of being missing And early on Saturday, Jashim Uddin, 27, a Jamaat activist of Shayerkhali union in Mirsarai, succumbed to his injuries after he was hacked by unidentified assailants the day before. Jamaat accused Bangladesh Chhatra League activists of killing Jashim, though Awami League denied the allegation. l

Jamaat-Shibir activists set ablaze a CNG-run three wheeler in the port city of Chittagong during its day-long hartal in the district yesterday

Court issues notice to investigation Indictment order against Subhan December 18 officer for probe reports n

Md Sanaul Islam Tipu

A Dhaka court yesterday show caused the investigation officer in two cases filed over the April 24 Rana Plaza collapse for failing to submit probe reports. Senior Judicial Magistrate Kazi Shahidul Islam also fixed December 24 for submission of the reports as Investigation Officer Bijoy Krishna Khar, a CID inspector, failed to turn those in yesterday. The court ordered the IO to respond to the notice in writing. Among the 21 accused, eight have already secured bail from the High Court,

while the investigation agencies are yet to prepare the charge sheets. They were present at the court yesterday.


The eight are father of Rana Plaza owner Abdul Khalek; Savar municipality engineers Emtemum Hossain, Rakibul Hassan and Refayet Ullah; ward councillor Mohammad Ali Khan; and Abul Hasan, Anil Das and Shah Alam, who gave owner Sohel Rana shelter in Farid-

pur and Jessore. The deadly collapse claimed the lives of over 1,130 people – mostly female workers of the five garment factories housed in the building – and left more than 2,500 others injured. Sohel Rana was also produced in the court yesterday. He told the Dhaka Tribune that the collapse of the eight-storey building was an accident. Additional public prosecutor Anowarul Kabir Babul told the court that two cases were filed over the incident – one for murder and the other for breaching building construction act. l

Next polls to determine future leadership: Joy n Sheikh Shahariar Zaman Sajeeb Wajed Joy, son of Prime Minister Sheikh Hasina, said the upcoming election would be critical as it would determine the future leadership of the country. He made the remark in an interview published in Indian newspaper The Telegraph yesterday. “If the BNP somehow manages — through a miracle — to come to power, there is going to be a transition in the leadership to her (BNP leader Khaleda Zia’s) son (Tarique Rahman),” the newspaper report said quoting Joy. Joy said right now, there was no general or officer who has the appetite for a coup attempt. “Any (coup) attempt will be so bloody that I do not think there is any group of officers inclined to take that risk. I can tell you that Sheikh Hasina will not hand over power. It can only happen over our dead bodies,” he said.


He said to have a successful coup, one needed to physically get Sheikh Hasina to hand over power. “The guards outside this house (Gano Bhaban, the official residence of the prime minister) are faithful to Sheikh Hasina. There is no way the guards will allow anybody to step in.” He came down heavily on a section of civil society who want power, but they could never win an election. “As the only way they can come to power is through the backing of the military, they are talking about army intervention. But I can tell you that the people of this country will not tolerate this.” The 42-year old son of the prime minister had a chat with Gandhi scion Rahul Gandhi about his involvement in politics. “Our situations are extremely similar as we both are from the pre-eminent political families in our two neighbouring countries.

Our families are very close as well, and Rahul and I have chatted about my involvement in politics,” Joy said in the interview to The Telegraph. Joy is yet to take a decision to involve himself in politics actively in the way Ruhul Gandhi did, the newspaper report said. “Unlike him, I have never been quite so directly involved and have preferred to work behind-the-scenes to help my country and my mother. He made the decision to become actively involved quite a long time ago, while I still have not. He is braver than me in that regard,” Joy said. Joy had decided to start a public relations campaign in July with a team of professionals, the report said. “The positive campaign has helped us. Our surveys — done by foreign entities, market research firms and our own teams — indicate that we are comfortably ahead of the BNP.” About his future plan he said he was working on the elections and travelling back and

forth to the US as his family lived there. “After the election, I don’t know…. But I think these elections are going to be critical for Bangladesh as they will determine the future of leadership in this country.” l

n Udisa Islam

The war crimes tribunal yesterday fixed December 18 for passing an order on charge framing against senior Jamaat-e-Islami leader Maulana Abdus Subhan. The date was set after chief defence counsel Abdur Razzak concluded his part of a hearing on a discharge petition. He claimed that the prosecution had not fulfilled the requirements of law as they did not precisely mention the offences.

P4 YUSUF TRIAL While placing arguments at the International Crimes Tribunal 1, Razzak prayed for release of his client. “He is made accused for his political involvement; he was elected as MP from his area in two terms.” Subhan was in the dock. The charge framing hearing began on October 2. The prosecution has brought nine charges of crimes against humanity against the Jamaat leader that include genocide, murder, torture, arson, abduction, looting, confinement and conspiracy. After Razzak’s submission, prosecutor Sultan Mahmud claimed that the defence had no new argument on behalf of their client. They submitted the same argument as they had done

in the war crimes cases against another Jamaat leader Mir Kashem, and other accused. He said the prosecution had placed all documents and evidences against Subhan and he should be tried for his anti-liberation activities in 1971. Subhan was arrested on September 20 last year following a warrant issued against him by a Pabna court. He was shown arrested under the ICT Act on September 23 and was sent to jail on September 30. According to the prosecution, Subhan had been the ameer of Jamaat’s Pabna unit during the Liberation War. He formed Peace Committee, al-Badr and razakar (auxiliary forces of the Pakistani army) in his locality and committed crimes against humanity. The investigation agency has named 41 witnesses in their probe report. Meanwhile, in the case against war crimes suspect Mobarak Hosain, the investigation officer testified for the second day. Defence counsel Ahsanul Haq later cross examined Shyamol Chowdhury. Later the tribunal set today for further questioning. Mobarak, a former Awami League leader from Brahmanbaria, faces five charges of crimes against humanity. l




Monday, November 25, 2013


Wife seeks justice for husband’s murder n

Udisa Islam

Two prosecution witnesses yesterday described the anti-liberation activities of Jamaat-e-Islami leader AKM Yusuf, who allegedly formed a Razakar force that collaborated with the Pakistani occupation army during the 1971 Liberation War. The defence also started crossexamining the second witness before the tribunal was adjourned till tomorrow. The day’s second witness, Mukul Rani Das, the wife of martyr Santi Ranjan Das, told the International Crimes Tribunal that AKM Yusuf, along with some Razakar and Pakistani army personnel, surrounded their family house on May 19, 1971. “They captured five members of our family with my beloved husband.

The others were brothers-in-law Satya Ranjan Das, Keshab Ranjan Das, younger brother Shangkar Das and uncle Santosh Kumar Das.” She also said the uncle returned home after the Razakars freed him later that night. “I asked him, where are the others? Uncle said Yusuf Saheb ordered to confine them. After two or three hours we heard the sound of gunshots and my mother-in-law started crying saying what had they done with her sons? But we were not confirmed yet. Just on the following day, we came to know that all of them had been murdered, but we never found their bodies,” Mukul Rani Das said. The witness added that Pijush Kanti Ghorai – another prosecution witness in the case – had seen the murder and confirmed the family about the

deaths. The family later went to India, and returned after liberation. After the deposition, the court fell silent as Mukul – with teary eyes – pleaded the tribunal to ensure justice for the murders of her relatives and beloved. Defence counsel Saiful Islam also cross-examined Mukul, which remained unfinished. The tribunal set tomorrow for further proceedings. Earlier in the day, the day’s first witness Pijush Ghorai told the court that he knew the accused AKM Yusuf, as he hailed from the neighbouring village of Soronkhola. Pijush also described the murder of Santi Ranjan Das, saying: “On May 19, I was at home. Some Razakars came under the order of Yusuf and captured me. When we reached the Launch Ghaat, I saw Santi Ranjan, Satya

Ranjan, Amar Lal Das and Keshab Chandra Das. Razakars shot them and fortunately, Amar Lal escaped from there.” Pijush said AKM Yusuf, nayeb-eameer of Jamaat, was also a top leader of Jamaat during the war. Saying that Yusuf had formed peace committees in every sub-division, police station and union levels in Khulna, Pijush added that Yusuf also established the Razakar force as an auxiliary force of the Pakistani army. The war crimes tribunal had indicted Jamaat leader AKM Yusuf for 13 war crimes charges, including killing, genocide and arson, religious conversion and deportation of people. Yusuf was arrested on May 12 for his alleged involvement in war crimes during the Liberation War in 1971. l

Writ filed seeking parliament dissolution n NazmusSakib A writ petition was lodged yesterday with the High Court seeking directives for the prime ministe rto advise the president to dissolve the parliament, before the declaration of the schedule for the upcoming tenth parliamentary polls. The petition noted that in light of the Appellate Division’s verdict that scrapped the caretaker provision, the parliament could be dissolved 42 days before the election. The plea was filed at a time when the election commission looks set to announce the polls’ schedule. Supreme Court lawyer Eunus Ali Akond, the petitioner, sought another directive on the chief election commissioner not to declare the polls schedule till disposal of the plea. The prime minister, speaker of the parliament, chief election commission-

er, cabinet secretary and law secretary were made respondents to the writ petition. Eunus Ali said the matter would be listed for hearing today in the bench of Justice Mirza Hussain Haider and Justice Khurshid Alam Sarkar. On May 10, 2011, the apex court annulled the caretaker government system while observing that the next two parliamentary elections might be held under the system, said Eunus. The verdict said: “In case of holding the general elections, at the discretion of parliament, parliament should be dissolved at a reasonable time before the polls; the period may be 42 days.” The petitioner also urged the HC to issue a rule asking why the permission, which allowed the prime minister to run a polls-time government before the declaration of election schedule, should not be declared illegal. l

CPB will not take part in polls without all party participation

Bikalpa Dhara: Unilateral polls will be resisted n Tribune Report

The Communist Party of Bangladesh (CPB) will boycott the upcoming parliamentary election if all the political parties of the country do not participate in the polls. The decision was made in the party central committee forum, chaired by its President Mujahidul Islam Selim on Saturday, a press release of the party said. According to the party’s election proposal, the CPB would wait until the last moment for the holding of a free and fair election with all party participation, but there was no possibility to participate in an “unacceptable” and “engineered” ballot. “The country is facing an uncertain and terrible situation because of the ruling and main opposition parties’ face-to-face confrontation regarding the polls-time government system,” said the statement. “The political crisis will worsen if the government proceeds with its plan to hold the election without the main opposition and the election will not be acceptable to the people,” it said.l

Bikalpa Dhara leaders yesterday held a meeting BNP Chairperson Khaleda Zia and warned that any move to hold unilateral polls would be resisted “at any cost.” “Unilateral election will only put the democracy in jeopardy,” Bikalpa Dhaka Secretary General Abdul Mannan said urging the prime minister to arrange an inclusive election through discussions with all political parties. The meeting took place at Khaleda’s Gulshan office. BNP acting secretary general Mirza Fakhrul Islam Alamgir, BDB presidium member Nurul Amin Bepari, joint secretary generals Mahi B Chowdhury and Abdur Rauf also attended the 40-minute meeting that started at 8:40pm. About the purpose of their meeting with the opposition leader, Mannan said: “We told the BNP chief that we and some parties out of the 18-party alliance will resist any move of unilateral polls with alternative programmes.” Asked whether the government invited them to join the all-party cabinet, Mahi said: “It is not an all-party cabinet…it is a new addition of the 14-party alliance government. No party except those in the 14-party alliance will join it. The country’s people will resist if any election is held under it.”

n Tribune Report

Cell to monitor law and order n Tribune Desk The Home Ministry has set up a coordination cell to monitor law and order across the country, including the capital. Additional Secretary (Political) of the Home Ministry Mainuddin Khandker will supervise the “Law and Order Protection Coordination Cell” while its Joint Secretary (Political) Md Muzakker Ali will coordinate it, said Home Ministry sources. The telephone number of the cell is 9576343 and the fax number is 9574528. The political wing-2 of the Home Ministry will look after the coordination cell on workdays while designated officers/employees will carry out the duties on weekend and other government holidays. l


Dry weather likely n UNB Weather may remain dry with temporary partly cloudy sky over the country until 6pm today. Night and day temperature might remain nearly unchanged over the country, Met office said. The sun sets in the capital at 5:11pm today and rises at 6:20am tomorrow. Country’s highest temperature 30.0 degree Celsius was recorded at Patuakhali and lowest 12.1 degrees at Srimangal yesterday. Highest and lowest temperatures recorded in some major cities yesterday were: City



Dhaka Chittagong Rajshahi Rangpur Khulna Barisal Sylhet Cox’s Bazar

28.2 27.6 28.5 28.5 28.8 28.5 29.2 29.8

16.0 17.4 12.2 15.5 17.0 15.6 14.6 21.0

PRAYER TIMES Fajar Sunrise Zohr Asr Magrib Esha

5:01am 6:19am 11:46am 2:55pm 5:11pm 6:30pm

Source: IslamicFinder.org

18-party alliance organises protest rally and gathering in Jhenaidah, demanding nor-partisan government during the national elections, yesterday


18-party alliances hold protest rally across the country, scores arrested n Tribune Report The main opposition BNP-led 18-party alliances yesterday brought out a protest rally across the country demanding elections under a non-partisan government amid chase and counter-chase between police and party leaders and activists in some districts. The party’s joint secretary general Ruhul Kabir Rizvi at a press briefing told journalists that the government did not want peace and stability in the country and that’s why it was repressing the opposition leaders and activists. Rizvi also alleged the government was mocking with the people of country in the name of dialogue. Thanking the party leaders and activists to make the protest programme successful, Rizvi demanded immediate and unconditional release of the detained leaders and activists. Our correspondent in Tangail reports at least 30 leaders and activists of BNP and Jamat including police and a journalist were injured as the lawmen and the

ruling party people allegedly attacked on a peaceful procession of 18-party alliances. Police arrested six leaders and activists of BNP and Jamat from the procession. Tangail district BNP leaders alleged that Sramik League and BCL men wielding iron rods, large machete and sticks swooped on them in the presence of police in the town’s victoria road and club road areas about 11am. BNP Tangail district unit secretary Shamsul Alom Tofa said Tangail district Awami League and its associate organisation led the attack. At one stage, police joined them and also launched the attack. Chhatro Dal central committee assistant secretary Tarek Rahman Jholok including five others received bullet injury. At least 25 leaders and activists of the 18-party alliances were injured in the attack. Independent Television’s Tangail correspondent Ehsanul Haque Shaheen was injured at that time. Officer-in-Charge of Sadar model police station Md Nazrul Islam said they

were bound to fire ten rounds of bullets to disperse them. SI Munsur Ali Arif including three other policemen were injured during the clash. Our correspondent from Satkhira adds: The district Jamaat leaders tried to stage a demonstration at Tufan Company intersection in the city demanding election under a non-partisan government but police barred them from holding the rally. In the afternoon, Shibirmen brought out a quick procession where Shibir president Aminur Rahman addressed the demonstration, police said. Our Chittagong correspondent said at least eight people were injured during a clash between the activists of ruling Bangladesh Awami League and BNP-Jamaat men at Chandanish upazila in Chittagong yesterday. Police detained four persons in this connection. Quoting witnesses, Khaled Mahmud, officer-in-charge (OC) of Chandanish police station told the Dhaka Tribune an altercation ensued between the BNP-Jamaat and AL men while the BNP men in-

tercepted a CNG-run auto-rickshaw from their procession in front of Gachbariya College around 5pm. Police rushed to the spot and detained four people from the spot in this connection, added the OC. At least 20 people including two policemen were injured in a clash between Awami League and BNP activists at Shibganj Bazar in Bhaluka upazila, said our correspondent from Mymensingh. The clash ensued when BNP activists brought out a procession at Shibganj Bazar and allegedly threw brick chips at the local AL office around 4pm, said Abdul Motalab Miah, officer-in-charge of Gafargoan police station. On information, police rushed to the spot and charged baton to disperse the clashing groups. At one stage, police also lobbed teargas shells and fired some 50 rounds of rubber bullets to take the situation under control. The BNP-led 18-party alliances also staged demonstration in Chandpur, Kurigram, Luxmipur, Gazipur and some other districts. l

12 Rana Plaza victims receive mechanical prosthetic limbs

The Department of Environment (DoE) yesterday fined two dying factories in Gazipur Tk4.2m for violating environment laws. A press release, issued by Assistant Director of DoE headquarters Md Hafizur Rahman, made the disclosure yesterday. Karanic Knit Composite Limited at Shafipur in Kaliakoir upazila was fined Tk4m for polluting the Turag River by running faulty liquid industrial Effluent Treatment Plant (ETP), while Hamza Chemical Industries of the same area was fined Tk200,000 for operating the factory without proper wastage management system. During the move, factory representatives admitted the violation of the environment law and promised to take necessary steps in this regard. l

NU teacher secures HC bail in PM’s defamation case n Tribune Report

n Tribune Report

Twelve victims of the Rana Plaza building collapse received artificial limbs and fixed deposits of Tk100,000 as rehabilitation support on Saturday, said a press statement. BRAC limb and Brace Centre provided the mechanical prosthetic limbs. Dr Zulfikar Ali Lenin, director health of Prime Minister’s Office, said the government took the initiative to prepare a list of all victims of the Rana Plaza and categorised them based on their injury types. Meanwhile, Dr Ahmed Mushtaque Raza Chowdhury, vice chairperson of Brac, said intra-sector collaboration could ensure delivery of timely and quality services to the community people. Among others, Prof KH Abdul Awal Rizvi, director of National Institute of Traumatology, Orthopaedics and Rehabilitation and Dr Kaosar Afsana, director of Brac’s Health, Nutrition and Population Programme were present at the programme. l

Two dying factories fined Tk4.2m for polluting Gazipur n Our Correspondent, Gazipur

Rabeya Khatun, a victim of Rana Plaza collapse, is walking with her artificial legs at the Brac Limb and Brace Centre


National University teacher AKM Wahiduzzaman has secured bail in the defamation suit that accused him of making demeaning comments towards the prime minister and her family. A special High Court bench of justices Md Shawkat Hossain and Jahangir Hossain granted the bail yesterday, Sagir Hossain Leon, the lawyer of the teacher, confirmed to the Dhaka Tribune. He said the court also issued a rule against the government and AB Siddiqui, who filed the defamation suit, to explain within four weeks why permanent bail should not be granted to Wahiduzzaman. AKM Wahiduzzaman, a geography department teacher of National University, was said to have posted comments on Facebook defaming Sheikh Hasina, her son Sajeeb Wazed Joy, and her daughter Saima Wazed. l


Long Form


Monday, November 25, 2013

Exiting the mayhem: Reality check, concession and pragmatism sorts of serious framework problems of the state and in none of the above-mentioned examples could she offer a reasonable resolution of the issues at hand.

A party on the verge of implosion



n Rumi Ahmed

n a speech to the nation on November 30, 1978, President Ziaur Rahman declared parliamentary election to be held on January 27 of the next year and also declared that martial law will be withdrawn immediately after the election. Although newly formed BNP and some other small parties started preparing for the polls, most major opposition political parties including both factions of AL, Muslim League (still a big player then), JSD, NAP etc decided to boycott the election unless their demands were met. The combined opposition’s demand included immediate withdrawal of martial law, resignation of Zia from army chief position, removing ban on open politics, repealing the fundamental rights suspension which was in effect since 1974, restoration of parliamentary democracy and 1972 constitution by repealing 4th amendment etc. On the face of boycott by major opposition political parties, Zia made a far-reaching set of concessions. He restored fundamental rights, made proposals of sovereign parliament with the ability to impeach the president. He also removed presidential veto power on bills passed by parliament, put a limit on technocrat ministers and conceded on opposition demand on the selection criteria of the leader of the house. After these concessions, although Muslim League decided to join elections, other opposition parties including factions of AL, JSD etc continued

with the decision to boycott the polls. To resolve the political impasse, President Zia called for a dialogue with political parties. All parties went to Bangavaban, prolonged deliberations took place but nothing fruitful came out of that dialogue.  As Awami League factions kept insisting on election boycott and as it seemed the country is stuck in a hopeless deadlock, President Zia, against the advice of his political advisors, unilaterally made another set of sweeping concessions.

odds against our survival. Today, as we are in another crossroads of the history, we need similar concessions and pragmatic reality-based politics from our prime minister and the leader of the opposition. Holding an opposition-less election is not in the best or long-term interest of the country as well as of the party of Prime Minister Hasina. Yes, she can ignore opposition demands, and if she really wants to hold the elections unilaterally using brute state force, the opposition will not be able to stop

A movement against a widely-exposed, rigged election will have better traction than a failed movement against a nonparticipatory election

He withdrew martial law restrictions regarding open politics, started the process of release of all political prisoners, and as demanded by opposition, pushed the election date back by a few weeks to give the opposition parties enough time to prepare for the elections. President Zia’s gambles paid off: an all-party election was made possible, Bangladesh moved one big step closer to restoration of democracy – the rest is history. 

The comeback of Awami League This little snippet from the past shows how much and how little our politics has evolved in the last three decades. Whatever Zia’s distractors will say, Bangladesh is this Bangladesh today because Zia could hold his nerve during those tumultuous years of late 70s and at the same time he made some very smart political moves including the series of concessions as described above. At the same time, the pragmatic reality-based politics of AL leaders Mr Abdul Malek Ukil and Mr Mizanur

As a result of an election without all party participation, our fledgling democracy would fall behind by a decade. We will turn into another poor third world autocracy

Rahman Chowdhury also shaped the history of Bangladesh. Within four years after supposed-annihilation of August 1975, AL again came out intact as a major political party with wide grassroots support base. Although AL factions won only 41 seats in the election, it secured nearly 30% of the votes. In most seats where BNP won, AL came close second. It was a time when the mere survival of the fledgling country of Bangladesh was uncertain. Yet, concessions made by one political leader and pragmatic politics by the others helped us defy the overwhelming

her. But by doing so, she will harm her country as well as her own party. As a result of an election without all party participation, our fledgling democracy would fall behind by a decade. We will turn into another poor third world autocracy. All sorts of militancy will start raising their ugly heads in different corners of this impoverished country. Public disapproval of her government will reach unfathomable low. Late President Zia was a military strongman running a turbulent country with martial law. Yet he made concession after concession to facilitate the democratic journey. Now it’s time for PM Hasina to show her political maturity and statesmanship and seal her image as the needed statesman for the time. 

The shelf life of the administration Even in modern established democracies, a political government has a shelf life. After a certain amount of years, the political leadership starts losing its grip on the civil administration. In case of Bangladesh, post 1991 history suggested that one political government usually carries a shelf life of around five years. After that, as the public start craving for a change, the desire affects the civil administration. Starting from administration high officials to local officers in charge of law enforcement – everybody starts second guessing all the government directives and starts wading the troubled water a bit more carefully. They start preparing for a new leadership. If one political government tries to live beyond this shelf life, there are very high chances of anarchy in civil government. Even during the first term of PM Hasina government, we have seen very demoralising clashes between the judicial branch and the legislative branch of the government. We have also seen the state bank and the finance ministry publicly throwing barbs at each other. We have seen unelected advisors sitting in and dominating the cabinet meeting; the dismay of the elected representatives at the illegal activities of the unelected advisors were not very muted either. PM Hasina was not at all comfortable dealing with these

If PM Hasina takes oath for her third term as the prime minister, it will be a very safe prediction that extreme infighting will overrun her party. Leadership deprived of government positions and perks will get desperate to depose those enjoying all the perks and privileges. When we look back at the last five years of the Awami League organisation, we see that despite her nearlynext-to-God stature in the party and in the country, how helpless she was in reining in party rebellions. Yes, at the first stroke she successfully sidelined some senior leadership who seemed to have been tainted as the “reformists” during the two years of Moeen Uddin, Fakhruddin regime. But that was it. Starting with Selina Hayat Ivy, we have seen how grassroots successfully rebelled against PM Hasina’s directives. We have seen in Kapasia how a pro-establishment leader of Awami League, ex-minister Afsar Uddin running on Awami League platform, becomes too hard a nut to crack in the face of the full ire of ruling party hardball tactics. In recently concluded Gazipur City Corporation election, the nation has seen the drama of the state acting desperately at the behest of ruling party to contain a novice newbie standing up against PM Hasina and ruling party establishment. Then people of the country have seen how unprepared PM Hasina was in dealing with situations like Lokman’s death where one of her minister’s men allegedly killed a popular rising star in the local Awami League or when one minister’s men in Chittagong publicly beat up a ruling party member of parliament or a high-profile leadership like Sajida Chowdhury and Mosharraf Hossain, or Abul Hossain and Abdus Sobhan Golap, etc clash with each other causing serious embarrassment for the party. If the frictions and clashes during the five-year term of current Hasina government are indicators of what Awami League has in its future as an incumbent party, it can be easily predicted that intra party feuds, sabotage will reach an epidemic proportion. Any political observer can safely predict that way before completing her second five-year mark, PM Hasina’s government will be inches away from implosion.

likely she will lose the election. This loss will be the best exit strategy for her. And this loss will pave the way for a quick and another big comeback of her party. It is certain that we are going to have an election without a caretaker government. If this election, under whatever leadership it is held, can ensure a BNP participation and can avoid massive levels of state manipulation – it will be the first transition of power in Bangladesh directly from one democratically elected government to another elected government. This will certainly be a landmark moment for the fledgling democracy in Bangladesh. If PM Hasina can be seen as the architect of this landmark moment of our democracy, her name will go down in our history as the person who finally brought our democracy to

However, the leader of the opposition also needs to understand that with the type of organisation she leads, it will be very difficult to stop the government from holding the election. And once an election is held, her party will be under more intense pressure from the state law enforcement agencies. The leader of the opposition knows very well that under any condition, if BNP joins the election, it will be nearly impossible to deprive BNP of a landslide victory. If the leader of the opposition weighs the options she has at her hands – which are launching brutal street agitation to force government into accepting the demands, or somehow find a way to join the election, even accepting a short term defeat about the election time government – BNP has much more to gain, much less to risk.

The leader of the opposition also needs to understand that with the type of organisation she leads, it will be very difficult to stop the government from holding the election

adulthood. This will be the magnum opus of her statesmanship. A rare opportunity is in front of PM Hasina. How can she not take this great opportunity? It is almost certain that if BNP returns to power, it’s newly gained popularity will vanish rapidly. A return of Tarique Rahman will significantly curtail BNP’s support among middleof-the-road BNP supporters. Along with Tarique Rahman’s return to day-to-day affairs of governance, anti-incumbency factors as well as possible perceived upper hand of ultra-right wing political backers of BNP will quickly dissipate all the inroads BNP made in urban educated classes and “middle of the road” Zia admirers through Mrs Khaleda Zia’s visionary leadership style between 2008 and 2013. Now PM Hasina will have to decide which option will be in the best longterm interest of her country and her

Under current conditions – with more connectivity, aggressive media activity on the ground – mass scale rigging of election to change the total results will be nearly impossible. Even if that happens, that government will not be able to hide the massive irregularities. Now we live at a time when there are hundreds of people everywhere all the time with a mobile phone with camera. Some recent events have shown the power of social media and how apt we have become in maximising political benefits with the use of social media. Yes, connectivity will not be able to completely stop all the election irregularities. But the connectivity will expose all the irregularities and make it very difficult to totally change the election result or showcasing it as a fair poll to the world. Yes, real winners may be deprived of a victory in traditional 50-50 close call constituencies.

A decaying coalition Five years ago when Prime Minister Hasina took over the helm of the country, she had the most impeccable “coalition of the willing” in the history of Bangladesh at her back. The civil society, the business class, the academia-intelligentsia, the media, the global society vis-a-vis the western diplomats and foreign media were behind her with overwhelming unconditional support. Now those days seem a faraway time. Except some partisan souls, the civil society has abandoned her, so did the western diplomats. Article after article, one more damning than the previous one came out in the front pages of global news outlets like New York Times, the Economist, etc. Even more shockingly PM Hasina has been losing the pillars of her solid base among our media and intelligentsia. Media stalwarts like ABM Musa, leading lawyers like Barristers Amirul Islam and Rokonuddin Mahmud are not on her side any longer.

Hasina needs to understand that pushing through an opposition-less election will neither be good for the country nor her party in the long-term SYED ZAKIR HOSSAIN party. She can hang on for her second consecutive term, let her party implode and face an ignominious ouster to face another long-term public rejection like it experienced post 1975. Or she can take a short-term leave from power only to return to power with more popular, a better-rooted and organised party. If Awami League cannot free itself of the curse of incumbency, there is no reason to believe that BNP will be free from the same curse in the next election cycle.

Concessions: The need of the time

Exiting this mayhem: Options for the opposition parties

On the other hand, if PM Hasina can be seen making the concession on her own and not under pressure, she can avoid stepping in the quagmire mentioned above and she will be showing statesman-like quality Ziaur Rahman exhibited during the 70s. It is PM Hasina who has to take the steps to convince the opposition to join the elections. She has to do something tangible to convince the opposition to come to elections. Most

The leader of the opposition Mrs Zia led her party to an unprecedented comeback from oblivion. She accomplished this major feat not by violent street confrontation but by avoiding exactly the same. It is understandable that after her bitter experience at the lack of level playing field during 2008 elections, this time it will be hard to convince her to join the election in a suboptimal state of affairs pertaining to the elections.

But our election result trend shows that the difference between the winner and the loser will be way over 30-50 seats. In this age of a dozen of 24/7 news channels constantly beaming real-time developments from the remotest corners of Bangladesh, an Ershad style media coup will be a fool’s plan. Moreover, a movement against a widely-exposed, rigged election will have better traction than a failed movement against a non-participatory election. It seems no matter what the government offers; for BNP, joining the elections is the best exit strategy out of the conundrum they are in now. For an exit out of the current mayhem, our current leadership need a reality check, concession from Prime Minister Hasina and a show of pragmatism from the leader of the opposition, Mrs Khaleda Zia. And exit out of this mayhem – that is what the whole country is eagerly rooting for. l Rumi Ahmed is a blogger and a political analyst.




Monday, November 25, 2013

Teachers’ agitation continues at JU n JU Correspondent The agitating teachers of Jahangirnagar University continued their demonstration yesterday confining the acting VC and pro-VC at the registrar office for the fifth consecutive day, demanding implementation of chancellor’s directives in arranging VC panel polls immediately. The authorities recently declared the teachers’ representative polls to reform the expired senate body. However, the polls were suspended in face of the demonstration that started on Wednesday. The agitating teachers were demanding the implementation of the chancellor’s directives in holding the VC panel election to end the ongoing crisis. As part of the ongoing demonstration, the agitating teachers formed a human chain in front of the registrar office around 12pm under the banner of “Teachers-Students and Officers and Employee’s United Forum.” Forum Secretary Prof Kamrul Ahsan said: “Honourable chancellor asked the VC to leave after holding the VC panel election immediately. We also want to be free from the ongoing unrest through the resignation of the incumbent VC.” On November 6, President Abdul Hamid asked the VC to hold senate election immediately and select the VC panel through the senate in line with the Jahangirnagar University Act. The president also ordered the teachers to withdraw the movement unconditionally. Protesting the alleged violation of the chancellor’s order, the teachers blocked the administrative office, confining acting VC MA Matin and pro-VC Afsar Ahmed. During the human chain, the teach-

Man gets death penalty for killing wife in Gazipur

n Our Correspondent, Gazipur A Gazipur court yesterday sentenced a husband to death for the killing his wife over unpaid dowry. District Judge of Woman and Child Repression Control Tribunal Fatema Nazib announced the verdict in presence of the convict Jahangir Hossain, 25, who hailed from Bardia village, Kapasia upazila of the district. The court also fined the convict Tk50,000 but set free his mother Sheuly, 40, as allegations against her were not proven. The victim Nasima Begum of Bir Uzuli village of the same upazila was married to Jahangir in 2011. After some days of the marriage, Jahangir sent back Nasima to her father’s house demanding dowry. Later, Jahangir took back Nasima on August 6, 2011, when doctors declared her pregnant. However, Jahangir strangled Nasima to death at one stage of an altercation regarding dowry. After the incident, Iman Ali, father of the victim, filed a case with the Kapasia police station under the Woman and Child Repression Act accusing Jahangir and his parents. On August 18, Kapasia police arrested prime accused Jahangir and produced him before the court of Senior Judicial Magistrate Sabia Sultana. Later, SubInspector Sanwar Jahan pressed charge sheet against Jahangir and his mother. Meanwhile, Iman Ali, father of the victim expressed his content in the verdict. l

ers claimed that they would not release them until the VC panel election was declared in line with the JU act. VC Anwar Hossain has been absent in the university since Wednesday for medical treatment, and is on extended leave until Thursday, Registrar Abu Bakr Siddique said. However, most of the classes and examinations were held peacefully yesterday as the academic activities and transportation system were kept out of purview of the strike. The VC could not be reached over his mobile phone for his comments despite several attempts. Meanwhile, over 150 teachers, students, officers and employees of JU, under the banner of “Jahangirnagar University Family,” brought out a procession and staged demonstration on university’s Shaheed Minar premises around 7:30pm. Demanding a permanent solution to the ongoing crisis, the protesters called for the release of the confined individuals. Terming the united forum’s movement “an anarchy,” JU Employee Association President Abbas Ali Talukder alleged that anti-VC teachers brought out processions on the campus with the help of Jamat-Shibir activists on Saturday night. They also urged the government to take proper steps to eliminate the crisis. On the other hand, the election commission for Jucsu yesterday extended the deadline for collecting nomination papers of candidates till November 26. The last date of submitting nomination papers is December 1, a press release of the commission said yesterday. l

Police arrest three persons in connection with the killing of a young man in the city’s Kamrangirchar

Hindu arson attack probe says more Three held 7 months after youth killed police were needed for longer n Our Correspondent, Barisal The Probe committee formed to investigate the November 15 arson attack on the minority Hindu community at Char Kawa village in Barisal submitted its report yesterday. The report findings were not immediately available but additional deputy commissioner Abul Kalam Azad – the head of the three-member committee said miscreants torched 15 houses and looted valuables belonging to Hindus following the death of college student Parvez Gazi and the rumour of another person in a clash that took place at Char Kawa village under Barisal sadar upazila on November 15. Abul Kalam Azad said the report highlighted deficiencies in the surveillance of the situation, the deployment of numbers of law enforcers, and taking steps for creating intercommunity peaceful coexistence and amity. Sadar upazila nirbahi officer Shamima Ferdousi and administrative magistrate Fakhrul Hasan were also on the committee, which submitted its report to the

deputy commissioner yesterday evening. Rezaul Islam, officer-in-charge of Barisal Bandar police station and also investigation officer of both cases, said after the incident police had arrested a total of 25 people in connection with the college student murder and arson attacks.

A total of 15 houses with two temples of minority community at Nomo Para were fully gutted and seven partially burned down damaging properties worthTk10m On November 17, Selim Gazi, father of Parvez Gazi, lodged a murder case with metropolitan magistrate court against 13 people. Indicted so far by police are Pijush Haldar, Sonto Haldar, Sumon Haldar and Sagar Das. Police also arrested Dhiren Haldar, the father of prime accused Dhiman Haldar, in this connection. Next date of hearing of this case was fixed December 23. On November 18, Devranjan Haldar, a

victim of the arson attack, lodged a case with Bandar police station accusing 1,600 people, without mentioning any names, for attacking and torching the houses of minority people. A total of 21 people were indicted in the case of arson attack: Selim Haoladar, Zakir Hossain, Shahidul Khan, Al-Amin, Jewel, Yusuf, Nur Alam Khan, Rafiq, Suraj Haoladar, Ahsan Habib, Kazi Salam, Alam Gazi, Nurul Huq, Sabuj Haoladar, Arif, Jewel, Ujjal, Manik Khan, Enamul Huq Pavel, Russell and Miraj Khan. Moreover, police yesterday arrested two youths in connection with arson attack. Metropolitan Magistrate Rafikul Islam rejected the bail prayer and fixed December 11 for next hearing. A total of 15 houses with two temples of minority community at Nomo Para were fully gutted and seven partially burned down damaging properties worthTk10m. Local people and victims said that strong step of law enforcing agencies could prevent the atrocities, quoted in the probe report. l

n Ashif Islam Shaon Detectives yesterday arrested three individuals for allegedly murdering a youth and chopping up his body in the capital’s Kamrangirchar area, almost seven months after the incident. Officials of the Detective Branch (DB) of police said the accused were arrested from Hasannagar under Kamrangirchar thana and Hasnabad under Keraniganj thana. They were Anwar Hossain, Sharif and victim Monir Hossain’s second wife Shwarna Akhter Kakoli alias Nipa. They admitted their involvement with the killing. According to the detectives, Nipa was victim Monir’s second wife. After getting divorced with Monir, Nipa married Sharif with help of Anwar Hossain. However, Monir wanted to get back with his ex-wife and requested Anwar to make the arrangements for a re-marriage. Monir allegedly paid him Tk200,000 as fee for negotiations. But the negotiations failed while Anwar, Sharif and Nipa embezzled

the money. Monir then demanded his money back, said Mohammad Anwar Hossain, an inspector of DB. He said, Nipa called Monir to her rented flat to settle the feud over money on April 17. Anwar, his cohort Ibrahim and Sharif were also present there. “At one stage of altercation, Sharif and Ibrahim held Monir and pushed him to the floor. Anwar put a pillow on Monir’s face, leaving him dead. But, to ascertain his death, Sharif cut the victim’s throat with a knife,” the DB officer said. Sharif then cut Monir’s legs from the knees, and beheaded him. The body was finally cut into seven pieces and the parts were put into two sacks and two bags. Later, they were dumped at two different places near the Buruganga River and in the back of a house, the said. The accused went into hiding following the incident and a case was filed on April 19 in this connection. Police will send the arrestees to court seeking remand to extract more information. l

Chhatradal activists sued for attacking, vandalising police vehicles in Gaibandha n Our Correspondent, Gaibandha

Rab official hit by police car on way to hospital n Tribune Report A Rapid Action Battalion (Rab) official sustained injuries in collision with a police car at the capital’s Bijoy Sharani area yesterday. Assistant Sub-inspector Al Bap Billah, 30, was part of the fifth field unit of Rab based in Joypurhat and came to Dhaka a few days ago. Md Faruque, his maternal uncle, said Billah had been suffering from fever for the past two weeks and had come to Dhaka for treatment following a referral from his doctor at Joypurhat. He was admitted to the Rajarbagh Police Hospital where doctors advised him to have an MRI scan at the Suhrawardy hospital, Faruque added. Billah was hit by an unidentified police car from behind as he was headed for the hospital sometime around 4:10pm. “It all happened so quickly that I couldn’t recognise the identity of the police station that the car belonged to,” Billah said, sitting on his bed at the Dhaka Medical College Hospital. DMCH doctors confirmed that Billah had sustained injuries on his chin, head and legs but he was out of immediate danger. l


The body of a supervisor of a sweater factory is recovered behind the Bhawal Badre Alam College in Gazipur yesterday DHAKA TRIBUNE

Police in Palashbari of the district yesterday filed two separate cases against Chhatradal activists for attacking the law enforcers and vandalising vehicles, including torching a BRTC bus on Saturday. Tawhid Islam, sub-inspector of police at Palashbari, filed the cases accusing 46 identified and 150 unidentified leaders and workers of Chhatradal. Police said the activists of opposition BNP’s students’ wing brought out a violent procession in the upazila town on Saturday around 4:30pm, demanding unconditional release of five

of their detained leaders and workers. When the procession reached the Chowmatha intersection in the upazila town, police obstructed its progress, resulting in a clash. At one stage, chases and counter chases took place between the police and the Chhatradal activists. In retaliation, police charged batons, lobbed tear gas shells and fired a few rounds of rubber bullets to disperse the crowd, leaving 10 activists injured. The police also arrested six activists from the spot. They are Ashraful Alam, 22, Manik, 21, Shajahan, 20, Suja, 20, Shefaul 23 and Sohel, 25. In protest, the infuriated activists of

Chhatradal vandalised at least 15 vehicles and set fire to a Sundarganj bound BRTC bus from Rajshahi on the highway and blocked Gaibandha-Palashbari Road of the upazila town. Due to the attacks, hundreds of vehicles became stranded on both sides of the highway disrupting road communication, creating untold sufferings to the passengers and commuters. Later, Rapid Action Battalion members and additional police were deployed in the upazila town and the situation was brought under control. Vehicular movement resumed after two hours, said Officer-in-Charge of Palashbari thana, Nasir Uddin Mondal. l

Sweater factory supervisor hacked to death in Gazipur

Job scheme begins late in Gaibandha

n Our Correspondent, Gazipur

Almost two months behind the schedule, the 40-day job scheme under the government-run Employment Generating Programme for the Poorest began in Gaibandha on Saturday. The programme for the ultra-poor and the seasonally unemployed usually begins on October 1 each year, and ends after November. The scheme was devised to fend off Monga - a famine-like situation in some of country’s northern districts - by providing jobs for casual day and farm labourers who are laid off at this time of

Police recovered the body of a supervisor of a sweater factory behind the Bhawal Badre Alam College in Gazipur yesterday. Joynal, 25, hailed from Titua Noapara village in Kandua upazila of Netrokona and had been working as a supervisor of Diganta Sweater Factory and living in a house beside the factory. The deceased’s wife Rubina said around 9pm on Saturday night, he went out of the house to receive a phone call

and had been missing since then. On Sunday morning, local people found the body at a paddy field at Dighir Chala area and informed the police. On information, police recovered the body and sent it to Gazipur Sadar Hospital morgue for autopsy. Sub-Inspector Jashim Uddin of Joydebpur police station said the body had injury marks to its throat, hand and face. He, however, admitted that the police could not find any clue behind the murder. l

n Tribune Report

year due to absence of farming activities in the region. District Relief and Rehabilitation office sources said a total of Tk107million has been sanctioned for the 13,349 workers to implement different development projects in rural areas of all the seven upazilas in the district, reported BSS. The Upazila-wise breakup of the workers is 2,362 in Fulchhari, 2,542 in Sundarganj, 1,334 in Shaghata, 2,485 in Gobindaganj, 1,387 in Sadullapur, 2,089 in Sadar and 1,150 in Palashbari upazila. The project works include the construction and reconstruction of roads, bridges, and culverts; excavation and re-

excavation of derelict ponds and canals. Each of the workers would get Tk200 per day as wage from the programme that would continue in the district until starting the full harvest of T-Aman paddy in the month of December. From their daily payment, Tk25 would be cut as savings per head, which would be returned back to the workers at the end the programme. District Relief and Rehabilitation Officer, Shah Alam said:“The work of the programme had already started in Sundarganj and Palashbari upazilas in the district on November 23, and work in other five upazilas will begin very soon.” l




Monday, November 25, 2013

Poor waste management puts environment at risk Tonnes of raw waste from hotels, motels, guest houses and hatcheries are being dumped in the Bakkhali River n Our Correspondent, Cox’s Bazar Cox’s Bazar – one of the country’s major tourist spots – is on the verge of losing its attraction as the lack of modern waste management systems is ruining the environment, resulting in tourists losing interest and the industry suffering. Tonnes of raw waste from hotels, motels, guest houses and hatcheries are being dumped in the Bakkhali River and the Bay of Bengal daily and the local administration is also reluctant in improving the district’s waste problems. According to environmental specialists, people would face dangerous environmental threats if the level of water pollution gradually increases through the disposal of wastes. Sources said the government enlarged the periphery of Cox’s municipality almost six years ago; however the waste disposal system is yet to be improved. Canals are not cleaned anymore, though it was cleaned every year before the rainy season. The areas of the district where accommodation facilities and hatcheries are located often emit foul odours which cause breathing problems as wastes are dumped here and there or in nearby water bodies which connect with the rivers and the bay. Moreover, though dumping unrefined waste in rivers and canals is against the law, the use of safety tanks in the facilities is scarce. The wastes that are being dumped contain toxins such as nitrate, phos-

phate and coliform bacteria. Globally, people use sewage water treatment plants to purify the water in such tourist spots but such plants does not exist in the district and, adding to that, the government has not taken any necessary initiatives towards building a planned waste management system. The canals and rivers, as a result, are getting clogged as raw wastes are dumped regularly, contaminating the environment. Local businesspersons Abul Kalam, Kolim Ullah and Md Shofi Alam expressed their concerns over the rising waste issues in the district and said the tourism season was about to start but the authorities were yet to clean the clogged canals. Executive Director of Green Cox’s Bazar Fazlul Kader Chowdhury said: “Dumping raw wastes in rivers has been increasing and at least 11 tonnes of wastes from the city’s Najir Tek area to Kolatoli are disposed in the rivers.” Hemayet Ullah, chairman of Tourism Corporation, also expressed concern over the issue and alleged that a group of people has been ruining the beauty of the district. Sarwar Kamal, mayor of Cox’s Bazar municipality said: “It has been six months that I took the office as new mayor and I will start the work of cleaning the canals soon.” Deputy Commissioner Md Ruhul Amin said: “Every hotel and guest houses should have their own waste management system.” l

Waste products, in Cox’s Bazar city’s Rumaliarchhara area, are being dumped on the sides of the main road without the use of any proper disposal container, eventually contaminating the environment DHAKA TRIBUNE

Comilla Government Women’s College plagued by manifold problems n Tribune Desk Academic activities at Comilla Government Women’s College are being hampered by teacher shortage and poor infrastructures, including insufficient class rooms. Established in the city in 1960 as an intermediate college, the institution had the existence of a government college in 1978. Later, honours and masters courses were opened in the college in phases. The college is now running honours and master’s courses in nine subjects –

four under Arts Faculty and five under Science Faculty. But, the existing teaching staff at the college is far less than the need to meet the demand of 3,700 students presently enrolled in it, reports UNB. Three posts of associate professor and nine of lecturer have remained vacant for long. Though the college has started enrolling students in commerce group at HSC level from the ongoing academic year, there has not been created any post of teacher with commerce background so far.

As a result, all classes of commerce group will have to be run by parttime teachers. Apart from teacher shortage, rooms in the college are not enough for conducting classes of such a big number of students. Some HSC students said classroom crisis was badly hampering their academic activities. They said students from remote areas did not opt for taking admission here for absence of transport facilities. The students complained that most

of them have to reside at rented houses or messes outside the campus at high cost and amid insecurity as the accommodation facilities for the residential students in the college are inadequate. Two dormitories in the college can meet the necessity of only 600 residential students. Prof Indubhushan Bhowmik, principal of the college, said they had informed the authorities concerned about the problems of the institution, and hoped that the problems would be solved in phases. l

After husband, wife succumbs to burn injuries in Natore n Tribune Desk After her husband, a woman who sustained severe burn injuries as the couple was set on fire in Lalpur upazila early Saturday died at a Rajshahi hospital early yesterday. Sufia Begum, wife of Habibur Rahman of Kujipukur village in the upazila, succumbed to her injuries at Rajshahi Medical College Hospital. Habibur Rahman was killed and his wife suffered burn injuries as they were set ablaze allegedly by Sufia’s brothers in the early hours of Saturday over a

land dispute, reports UNB. Locals said Sufia had been at loggerheads with her brothers Ibrahim and Akkas over the share of their paternal property. As a sequel to the conflict, Ibrahim and Akkas, aided by their associates, stormed into the house of Habibur around 1:30am on Saturday and set the couple on fire after pouring petrol on their bodies, leaving Habibur dead on the spot and Sufia injured. Sufia was whisked off to the RMCH where she died in the early hours of yesterday. l

Lakshmi Rani: A goat breeder of distinction n Tafsilul Aziz, Kishoreganj

Lakshmi Rani feds her goats at courtyard

Lakshmi idol vandalised in Sherpur n Our Correspondent, Sherpur Unidentified miscreants have vandalised an idol of the Hindu Goddess Lakshmi at a local temple in the Narayanpur area of Sherpur. Details about how the attack took place are yet to be known. According to a source, the miscreants might have caused the damage sometime early on Sunday. A Hindu devotee discovered the incident yesterday morning when he entered the 30-year-old temple, where the incident occurred, and found remains of the idol scattered around. On information, police arrived and examined the scene but refused to make any comments prior to investigation. Locals said a pickup van parked in the area had also been damaged during the attack. l


The story of Lakshmi Rani is not one of those rags-to-riches success stories that make global headlines and figure prominently in motivational speeches, but it is one that confirms the assumption that with a good plan, strong willpower and honest labour one can overcome one’s challenges. Lakshmi, a former housewife in the village of Vaskorkhila in Kishoreganj Sadar upazila, set an example for her peers by stepping out of the threshold of her house to breed goats and earn a living for her impoverished family. It all started before 2008 when Lakshmi’s husband, Noresh Chandra, was the only breadwinner of the family lodging

with another family, as they had no residence of their own. Noresh’s income from his shop-keeping job was too inadequate to afford regular meals and education for the couple’s three children. Desperate and stretched to the limit, Lakshmi started exploring options to do something to contribute to the family income, in whatever little ways she could. She bumped into the idea for goat farming – which she thought she could do without having to invest much or stay outdoors – and so began her journey as a goat breeder. “I had raised goats for others before, so goat farming was the closest thing I could come up with in my plan for an income. So I attended a special workshop on the subject organised by the upazila livestock

Arrest of illegal drug peddlers demanded in Lalmonirhat Correspondent, n Our Lalmonirhat Hundreds of people brought out a procession in Lalmonirhat yesterday, demanding arrest of those people involved in illegal drug peddling in Khochabari area of the district. The procession paraded main thoroughfares of the district town and ended at Mission Intersection where the local people formed a human chain. Later, they submitted a memorandum to Deputy Commissioner Habibur Rahman, urging him to take necessary steps to stop such illegal drug trading. Assuring the locals of taking action against the trading, the DC said the district administration would take action against syndicate with help of Rab, police and Border Guard Bangladesh. Residents of Khochabari area alleged that the chief of ‘Rabbani Bahini’ Golam Rabbani and his close aide Mazidul Islam along with their 12 to 15 gang members had been openly running illegal trade at their residences for long, but law enforc-

ing agencies did not take any action against the syndicate. As law enforcing agencies take weekly-basis bribe from the syndicate, nobody dare to say anything. The syndicate sell phensydil, hemp, heroin and wine among youths of the locality.

The syndicate sell phensydil, hemp, heroin and wine among youths of the locality Nur Islam, 63, a resident of Khochabari area alleged that police, plain clothes police, intelligence branch’s official, narcotics department official are seen moving on the spot to collect the bribe and they never take any action to stop the illegal trade. “We the villagers submitted many written allegation regarding the matter to police but no results are forthcoming,” he said, adding finally villagers went out against the drug syndicate as police kept quiet. Raju Islam, 30, another local, al-

leged that many villagers were assaulted physically and some faced false cases by the drug syndicate ‘Rabbani Bahini’ in the last few months as the villagers raised voices against it. “The repressed villagers also went to the Lalmonirhat sadar police station, but they did not get any legal support from police,” he said. Moreover, police harassed the villagers after Rabbani filed false case against the locals, he added. “If the administration does not take proper action to arrest the syndicate members and evict them from area immediately, we will wage tougher movement on the issue.” he added. Other villagers – Jasim Uddin, 65, Al-Amin, 42, Nuruzzaman, 46 and Shafi Islam, 62 – echoed the same thing. Sub-Inspector of sadar police station Zahurul Islam denied their involvement with the syndicate. He said police had taken action against the villagers after Rabbani filed a case against them for vandalising and looting his residence. l

office and purchased two goats on loan to begin my business with,” Lakshmi said. “That was in 2008. In two years’ time I had 40 goats in my farm, and the number rose with every passing year. We have a solid financial background now. “But it hasn’t always been an easy journey; we struggled for too long to come to where we are now. It was literally a hand-to-mouth existence for us once, with the children often starving. They couldn’t even go to school back then.” Noresh Chandra recalled how the change in their lives took place. “There was a time when I could not manage meals for my family. But today my wife and I earn enough to lead a happy life.” “My two boys are now students at a local school and we already married off our

only daughter. I have a grocery shop at the local bazar. We’ve purchased a five-decimal land about two years ago from our joint savings and built a house there. We are lucky to be in such a position now.” In this regard, Farhana Rahman, a social worker, said the story of how Lakshmi became solvent and self-reliant would inspire many others with abject living conditions. “She gained the respect of her peers and her family as well. She proved that commercial goat rearing could be a good way to alleviate poverty.” Dr ABM Jalal Uddin, a livestock officer, called Lakshmi a “role model” and said women living in poverty can take up farming livestock as a profession and improve their living conditions. l




World powers, Iran clinch ‘historic’ nuclear deal n AFP, Geneva Iran agreed to curb its nuclear programme in exchange for sanctions relief in a breakthrough deal with world powers reached Sunday after a decade of failed diplomacy and rising tensions. US President Barack Obama said the preliminary accord clinched in marathon Geneva talks was “an important first step” towards easing fears once and for all that Tehran will get the bomb. Iranian President Hassan Rouhani, whose elections in June raised big hopes for a thaw with the West, said on Twitter that the breakthrough was made possible by the “Iranian people’s vote for moderation” and that it would “open new horizons.” Israeli Prime Minister Benjamin Netanyahu’s office however immediately called the agreement struck in Geneva a “bad deal,” saying it still left the Islamic republic with the capacity to make a nuclear weapon. “Today, the United States together with our close allies and partners took an important first step toward a comprehensive solution that addresses our concerns with the Islamic Republic of Iran’s nuclear programme,” Obama said at the White House. “While today’s announcement is just a first step, it achieves a great deal. “For the first time in nearly a decade, we have halted the progress of the Iranian nuclear programme, and key parts of the programme will be rolled back.” The Arms Control Association called the deal an “historic breakthrough” in

Monday, November 25, 2013

REACTIONS - US President Barack Obama “Today, the United States -- together with our close allies and partners - took an important first step toward a comprehensive solution that addresses our concerns with the Islamic Republic of Iran’s nuclear programme.”

- US Secretary of State John Kerry “This first step, I want to emphasise, actually rolls back the programme from where it is today, enlarges the breakout time, which would not have occurred unless this agreement existed. It will make our partners in the region safer. It will make our ally Israel safer.”

- Iran Supreme Leader Ayatollah Ali Khamenei: “God’s grace and the support of the Iranian nation were the reasons behind this success.” “Resistance against excessive demands should be the criteria for (nuclear) officials.”

- Iranian President Hassan Rouhani:

EU High Representative for Foreign Affairs and Security Policy Catherine Ashton, center, poses next to Iranian Foreign Minister Mohammad Javad Zarif and the Iranian delegation after an agreement was reached on Iran’s nuclear program at the United Nations in Geneva, Switzerland AP the decade-old impasse a “net plus for nuclear nonproliferation and international security.” Under the deal between Iran and the five permanent members of the UN Security Council plus Germany announced at 3:00am Geneva time (0200 GMT), Tehran will limit uranium

enrichment – the area that raises most suspicions over Iran’s alleged nuclear weapons drive – to low levels. It will neutralise its entire stockpile of uranium enriched to medium 20-percent purities – close to weapons-grade – within six months, US

Secretary of State John Kerry said in Geneva where he and other foreign ministers helped nail down the deal. Iran will also not add to its stockpile of low-enriched uranium, nor install more centrifuges or commission the Arak reactor. l

- Russian Foreign Minister Sergei Lavrov “Nobody lost, everyone ends up winning... We are convinced that Iran will cooperate with the (International Atomic Energy Agency) agency in good faith.

- Chinese Foreign Minister Wang Yi “This agreement will help to uphold the international nuclear non-proliferation system, (and) safeguard peace and stability in the Middle East.”

- British Foreign Secretary William Hague The deal is “good for the whole world, including Middle Eastern countries and the people of Iran themselves”.

- French President Francois Hollande: “The interim accord reached overnight is an important step in the right direction... towards stopping Iran’s military nuclear programme and therefore normalising our ties.”

“This agreement benefits all regional countries and global peace.” “Constructive engagement (in addition to) tireless efforts by negotiating teams are to open new horizons.”

- French Foreign Minister Laurent Fabius

- Israeli Prime Minister Benjamin Netanyahu:

- European Union President Herman Van Rompuy

“What was achieved yesterday in Geneva is not a historic agreement but rather a historic mistake.”

“It is now crucial to ensure punctual implementation of the agreement reached and to continue working, on the basis of the trust that is being built, towards a definitive settlement of this issue.”

- Israeli Foreign Minister Avigdor Lieberman “This agreement is the greatest diplomatic victory of Iran, which has gained recognition for its so-called legitimate right to enrich uranium.”

The accord “confirms Iran’s right to civilian nuclear energy but rules out access to the nuclear weapon.”

- Syrian Foreign Ministry Syria “considers it to be a historic accord which guarantees the interests of the brotherly Iranian people and acknowledges their right to the peaceful use of nuclear energy.”

Clashes to break Syrian siege kill over 75 Thai capital tense as political rivals rally n AP, Beirut Rebels fighting to break a Syrian government siege of the opposition-held suburbs of Damascus have clashed with soldiers in battles that left over 75 dead on both sides, activists said Sunday. The fighting raged overnight in the Ghouta area east of Damascus where for months forces loyal to President Bashar Assad have been preventing food, clean water, medicine and other supplies from entering. Rami Abdurrahman of the British-based Syrian Observatory for Human Rights and an activist based in the nearby Qalamoun region said rebels launched

their attack Friday, when 20 were killed. The 75 more who died on Saturday and early Sunday constituted an unusually high toll for a single day’s fighting. Abdurrahman estimated nearly 30 of the fighters were al-Qaeda-linked rebels of the Nusra Front and the Islamic State in Iraq and the Levant, some 20 were Shia fighters from Iraq, and about 25 more were either Syrian government forces or fighters from the Lebanese Shia militia Hezbollah. He said at least two Syrian media activists were also killed as they covered the clashes. He bases his information on a network of activists on the ground, as well as employees of military hospitals who

fill him in on army casualties. The Ghouta area adjoins the international airport in Damascus, and has also been used by rebels to threaten the capital. Assad’s forces blockade rebel-held areas where they can, to starve out civilians and pressure fighters into surrendering. One of the media activists killed was Amer Tabajo, who provided information to many Western-based media outlets over the past three years using the alias of Mohammed Saeed. Abdurrahman identified him by his real name. There was no word on the battle from government media. l

Mali goes to polls under threat of Islamist violence n AFP, Bamako

More than 11,000 children killed in Syria war: study

Malians voted on Sunday in parliamentary elections intended to cap the troubled west African nation’s return to democracy but overshadowed by the threat of Islamist reprisals. The polls mark Mali’s first steps to recovery after it was plunged into chaos by a military coup in March last year, finalising a process begun with the election of its first post-conflict president in August. Some 6.5 million Malians are eligible to cast ballots for a new national assembly, with more than 1,000 candidates running for 147 seats. “I see... that there are not many people here – the candidates weren’t able to mobilise – but I hope that in the afternoon there will be more people,” said Oumou Sawadogo, a voter at a polling station set up in a school. In another voting centre, Boubacar Tembely said he had come to vote despite feeling bitter about how little progress has been made in Mali. l

More than 11,000 children have died in Syria’s civil war, including 128 killed by chemical weapons in a notorious attack and hundreds targeted by snipers, a British think-tank said Sunday. The Oxford Research Group, which specialises in global security, said in a new study that there were 11,420 recorded deaths of children aged 17 years and under. The report, entitled “Stolen Futures: The hidden toll of child casualties in Syria,” analyses data from the beginning of the conflict in March 2011 until August 2013. The think-tank added that, of the 10,586 children whose cause of death was recorded, 128 were killed by chemical weapons in Ghouta, near Damascus, on August 21,2013, in an attack that the United States and other world powers blamed on President Bashar al-Assad’s regime. Syria has since agreed to destroy its

n AFP, London

entire chemical weapons arsenal as part of a deal to head off US military strikes. The think-tank added on Sunday that 764 children were summarily executed and 389 were killed by sniper fire in the conflict. Explosive weapons have caused more than 70% of the child deaths, while small arms fire accounts for more than a quarter, according to the study. “What is most disturbing about the findings of this report is not only the sheer numbers of children killed in this conflict, but the way they are being killed,” said report co-author Hamit Dardagan. “Bombed in their homes, in their communities, during day-to-day activities such as waiting in bread lines or attending school; shot by bullets in crossfire, targeted by snipers, summarily executed, even gassed and tortured. “All conflict parties need to take responsibility for the protection of children, and ultimately find a peaceful solution for the war itself.” l

WORLD WATCH ‘Penniless’ man is worth $65m, court rules

One of Britain’s longest and most bitter divorce battles culminated on Friday with a High Court judge branding a well-connected millionaire a liar and his ex-wife a conspiracy theorist. Far from being “penniless and hopelessly bankrupt,” as he had claimed, Scot Young, 51, was worth 40 million pounds ($65m) and his estranged wife Michelle Young, 49, should get half of it, judge Philip Moor ruled. “This case has been quite extraordinary even by the standards of the most bitter of matrimonial breakdowns,” Moor wrote in his ruling, noting that it had taken over six years and 65 court hearings to come to trial. The case has made headlines in Britain because of the size of the claims and the fact that Scot Young has enjoyed financial help from high-profile friends including Philip Green, the billionaire owner of the Topshop retail chain.

Two shot dead at ‘Gangnam Style’ wedding dance in Yemen

A Yemeni wedding ended in disaster after a guest firing celebratory shots in the air with his AK-47 accidentally killed two men while they were dancing to pop hit “Gangnam Style,” according to a police source and a video posted online. The police source said the guest at the wedding in the southern city of Taiz lost control of his rifle, leading to the deaths. Two other people were being treated in hospital. A video circulating on the web purportedly shows the incident, which happened late last week. Its authenticity could not be immediately verified. The footage shows a man shooting a gun in the air and then starting to dance with several other guests to the hit song. The rattle of gunfire is then heard and when the camera pans down, bodies are seen lying in pools of blood. The music stops as the guests rush to help the victims.

Florida thief hides 13 bottles in his pants

Florida authorities say they are on the lookout for a man who reportedly stole 13 bottles of liquor from a Costco store by stuffing them in his pants. Police say two men visited the store in Fort Myers shortly after 8pm Thursday. One of them was recorded by a security camera shoving a bottle of Grey Goose vodka and 12 bottles of Hennessey cognac into his sweatpants, WBBH-TV, Fort Myers, reported Friday.

Neo-Nazi wins regional election in Slovakia

A Slovak neo-Nazi whose party says Nato is a terrorist organisation and wants the country to abandon Europe’s common currency has won a regional election. Marian Kotleba won 55.5% of votes in Saturday elections to lead the government in the central region of Banska Bystrica. Kotleba was chairman of the banned neo-Nazi Slovak Togetherness-National Party, which organized anti-Roma rallies.

n AFP, Bangkok Tens of thousands of pro- and anti-government demonstrators massed in rival rallies in Bangkok on Sunday, as Thailand grappled with its most potent revival of street politics since bloody protests in 2010. By the evening police estimated that about 90,000 opponents of Prime Minister Yingluck Shinawatra and her crisis-hit administration had gathered in three sites in the city’s historic centre, calling for her government to be toppled. Across the city, some 20,000 pro-government “Red Shirts” arrived at a suburban football stadium, police added, in a rally to support Yingluck. Both groups have vowed to remain in

the capital overnight as tension rises in a city which has seen several bouts of unrest since divisive former premier Thaksin Shinawatra – Yingluck’s brother – was deposed in a military coup seven years ago. Police said they were preparing for opposition supporters to march on parliament and key government buildings late Sunday or Monday, despite special security laws being enforced in sensitive zones. “We will not use force and we will try to avoid any casualties,” police spokesman Piya Utayo told AFP, appealing for the peace to hold. The Thai capital has already faced weeks of opposition-backed rallies sparked by an amnesty bill that could have allowed the return of Thaksin from self-imposed exile – and would

have pardoned those responsible for a deadly military crackdown on his Red Shirt supporters. The bill was rejected by the senate, but protesters have remained on the streets and are now trying to topple the government, which they say acts as a stooge for Thaksin. Aerial footage showed tens of thousands of people crammed into the streets leading to the city’s Democracy Monument, which has become the focal point of boisterous but peaceful anti-government protests. Addressing the “People’s Day” rally, protest leader Satit Wongnongtaey hailed the big turnout. “How can this government survive? How can the Thaksin system survive?” he said to applause from the crowd. l

A general view of anti-government protesters gathering to demonstrate against the government-backed amnesty bill at the Democracy monument in central Bangkok REUTERS

Egypt passes law restricting public protests n Agencies, Cairo Egypt’s interim president, Adly Mansour, has signed a restrictive new “protest law” that would require Egyptians to seek approval days in advance before organising demonstrations. The law will take effect later this week once the final text is published in the official state register. It gives police wide latitude to use force against demonstrators, which could give the government a pretext for a widespread crackdown. The law has gone through numerous revisions, but rights groups say the latest version requires protesters to seek approval from police three days in advance, and allows the interi-

or ministry to block rallies that could “pose a serious threat to security or peace”. Election campaign events are subject to a 24-hour notification period in some drafts, and “processions” of more than 10 people are only allowed for “non-political” purposes. Violators could face fines of up to $4,360. “They could have stuck to earlier versions, where if the interior ministry wants to ban a protest, the onus is on them to go to court and seek a ban,” said Heba Morayef, the Egypt director for Human Rights Watch. “Instead they’ve done the opposite. The end result is that we could see an increase in violent crackdowns on peaceful protests.” l

Latvia to raze supermarket where 54 died n AP, Riga Latvian officials say they will raze the supermarket where 54 people died after its roof collapsed. Officials say that seven people, who they believe were in the supermarket when its roof collapsed Thursday, are still missing, but there is no hope that rescuers will find any survivors. Rescue workers were clearing rubble late Saturday when another large section of the roof collapsed. Though no one was injured, officials decided to call a temporary halt to the operation. Interior Ministry officials say that, given the unstable construction, workers will use heavy equipment rather than sift through rubble by hand when work continues Sunday. l




Monday, November 25, 2013

Japan warns of ‘unpredictable events’ over China’s new air zone n AFP, Tokyo Japanese Foreign Minister Fumio Kishida warned Sunday that “unpredictable events” could follow China’s unilateral declaration of an air defence zone over waters including disputed Tokyo-controlled islands. A Japanese ruling party leader also urged Beijing to help prevent a “touchand-go situation” after China said on Saturday it was setting up the “air defence identification zone” over the islands in the East China Sea to guard against “potential air threats.” Kishida told reporters Japan can not accept the Chinese measure, which he said was “a one-sided action which warrants us to assume the danger of unpredictable events on the spot.” He added Japan was considering making stronger protests to Beijing “at a higher level.” On Saturday, a division at Japan’s foreign ministry lodged a strong protest with a minister at the Chinese em-

Indian gays demand an end to discrimination n AP, New Delhi Hundreds of gay rights activists have marched through the streets of New Delhi to demand an end to the stigmatisation of gay people in India’s deeply conservative society. There was a carnival-like atmosphere on the streets Sunday as activists sang songs and carried rainbow-coloured flags and balloons while marching to the beat of traditional Indian drums. A group of activists carried a 15-metre rainbow-coloured banner, while others waved placards demanding the freedom to lead dignified lives. Demonstrators urged an end to all forms of discrimination against gays, lesbians and transgenders, four years after a colonial-era law that criminalized gay sex was overturned. They also demanded that people be allowed to record the gender of their choice in the national census, voter identity cards and other government documents. l

Filipino typhoon survivors cheer boxing triumph n AP, Tacloban Thousands of survivors of Typhoon Haiyan erupted into wild cheers Sunday to celebrate the victory of Filipino boxing icon Manny Pacquiao, bringing back laughter and revelry briefly to a central Philippine region that was turned into a corpse-strewn wasteland by the powerful storm. Pacquiao’s triumph over American Brandon Rios in Macau served as a rallying point for many still-traumatized survivors, many of whom lost loved ones and their homes to the Nov. 8 typhoon, which killed more than 5,200 people and left 1,600 others missing. Haiyan also damaged or destroyed 1 million homes, displacing more than 3 million people. Many jumped repeatedly in joy as they cheered on Pacquiao, who won by unanimous decision to take the WBO international welterweight title. l

bassy in Tokyo by telephone. Earlier Sunday, former Japanese foreign minister Masahiko Komura, speaking as deputy head of the ruling Liberal Democratic Party, said Tokyo should “keep on doing what it has been doing in a straightforward manner” apart from making protests to Beijing. “At the same time, defence officials of the two countries must keep in close communication with each other in order to prevent a touch-and-go situation from arising under any circumstances,” Komura said on public broadcaster NHK. Kishida said the United States is also concerned at China’s action. “We want the countries concerned to have an understanding” on Japan’s position, the foreign minister said. The Japanese Defence Ministry said Saturday two Chinese planes entered Japan’s own air defence identification zone over the East China Sea, prompting its air defence force to scramble fighter aircraft.

US Secretary of State John Kerry and Secretary of Defence Chuck Hagel said Saturday they were “deeply concerned” at China’s move and committed to defending Japan. Hagel reiterated that the Senkaku islands – which the Chinese claim and call the Diaoyus – fall under the US-Japan security treaty, meaning that Washington would defend its ally Tokyo if the area is attacked. The defence chief made it clear that the United States, which stations more than 70,000 troops in Japan and South Korea, would not respect China’s declaration of control over the zone. However Washington has repeatedly said it has no position on the islands’ ultimate sovereignty. Tokyo last year nationalised some of the islands and has vowed not to cede sovereignty or even to acknowledge a dispute with China. It accuses its neighbour of trying to change the status quo through intimidation. l

Journalist in India magazine sex scandal alleges harassment n AFP, New Delhi The woman at the centre of a sexual assault scandal involving a top Indian investigative news magazine has publicly pleaded with her editor to halt what she called intimidation and harassment. Police have begun investigating the editor of Tehelka after the woman claimed she had been sexually assaulted twice in a hotel in the holiday state of Goa during a conference organised by the magazine last month. Tehelka, which pioneered undercover sting operations in India, has been embroiled in the scandal since Wednesday when it was leaked that the editor Tarun Tejpal had agreed to take six months’ leave for “misconduct.” In a statement to local media late Saturday, the woman said a member of

Tejpal’s family had visited her mother’s house in New Delhi on Friday evening and asked her mother to “protect” the editor. The relative also “demanded to know who I was seeking legal help from and what I wanted as the result of my complaint of sexual molestation by Mr Tejpal,” the statement said. The woman said the visit had placed “tremendous emotional pressure” on her family at an “intensely traumatic time.” “I fear this may be the beginning of a period of further intimidation and harassment,” said the statement, carried on the front pages of several Indian newspapers on Sunday. “I call upon all persons connected to Mr Tejpal and his associates to refrain from approaching me or my family members,” the statement said. l

An assembly of Afghan elders endorsed a crucial security deal on Sunday to enable US troops to operate in the country beyond next year, but President Hamid Karzai left the matter up in the air by refusing to say whether he would sign it into law. The gathering, known as the Loya Jirga, had been convened by the president to debate the pact which outlines the legal terms of continued US military presence in Afghanistan. It voted in favour and advised Karzai sign it promptly. But Karzai, in his final remarks to the four-day meeting, said he would not sign it until after a presidential election due next April. “If there is no peace, then this agreement will bring misfortune to Afghanistan,” he said. “Peace is our precon-

China oil pipeline explosion toll rises to 52 n AFP, Beijing The death toll from an oil pipeline explosion in a Chinese coastal city rose to 52 Sunday, as rain and the close proximity of dangerous gases hampered the rescue operation, state media said. Four bodies were found at the scene in the eastern city of Qingdao, Xinhua state news agency said, citing rescuers, raising the death toll from 48 late Saturday. Friday’s blast ripped up roads and sent thick black smoke billowing into the sky, resulting in 18,000 people being evacuated from nearby urban areas. Rescue teams were still searching for 11 people who were believed to be missing in the deadly accident, Xinhua said. “Rescue efforts continued Sunday despite rainy weather,” the report said. “The complicated situation and the

Journalists of Tehelka magazine come out of Goa Sadan after being questioned by Goa police PTI

dition. America should bring us peace and then we will sign it.” The president did not elaborate, but has previously said a free and fair vote is needed to guarantee peace in the country and his spokesman later said Karzai had not changed his mind. As the meeting ended, assembly chairman Sibghatullah Mojeddedi told Karzai: “If you don’t sign it, we will be disappointed.” Karzai responded “Fine!” and left the stage. Failure to clinch the deal could mean a full US pullout, leaving Afghanistan to fight the Taliban insurgency on its own. US troops have been in Afghanistan since leading a drive to remove the Taliban in late 2001. US officials, including Secretary of State John Kerry and Defence Secretary Chuck Hagel, said the deal must be signed by year-end to begin prepa-

rations for a post-2014 presence. In his remarks, Karzai acknowledged there was little trust between him and US leaders while saying signing the pact was broadly in Afghanistan’s interests. Backing from the Jirga, handpicked by his administration, had been widely expected. Most speakers were muted in their criticism of the thorniest issues in the document, including a US request for immunity for its troops from Afghan law. Critics say Karzai’s recalcitrance on the date might reflect his desire to distance himself from any deal with the United States and avoid speculation that he has sold out to the West. A former US ambassador to Afghanistan, Ronald Neumann, said Karzai is known to use 11th hour demands to press for concessions from the United States during negotiations. l

remains of flammable gas at certain sections in the explosion area hindered the debris-clearing progress.” The pipeline, run by state-owned oil giant Sinopec, sprang a leak early Friday and exploded several hours later as workers sought to repair it, the Qingdao municipal government said in its verified account on Sina Weibo, a Chinese equivalent of Twitter. Xinhua said Sunday that six professional firefighters from Sinopec were among the dead. China has a poor record on industrial safety as lax law enforcement and corruption enables business owners to cut corners or offer bribes to evade standards. Around 28,000 people were killed or went missing in workplace accidents in the first half of this year, state media have reported. l

Pakistan explosions kill five, injure six n Tribune Desk

Afghanistan’s Karzai rejects elders’ advice to back US deal quickly n Reuters, Kabul

The city government of Tokyo’s survey vessel sails around a group of disputed islands known as Senkaku in Japan and Diaoyu in China in the East China Sea REUTERS

According to sources, a remote-controlled bomb, planted along the road near Karamkot in Mirali Tehsil, was detonated when the security forces’ convoy was travelling from Miramshah to Mirali. Subsequently, two soldiers were killed on the spot whereas five others were injured. Sources report a remote-controlled bomb planted along the road neat Karamkot in Mirali Tehsil was denoted, as a security force convoy was travelling from Miranshah to Mirali. Two soldiers were killed and five injured. The injured were taken to Miranshah Hospital and later moved to Bannu. Following the attack, security forces personnel cordoned off the area and a search operation went underway. North Waziristan is one of the seven regions in Pakistan’s Federally Admin-

istered Tribal Areas (Fata) governed by tribal laws. An extremist insurgency led by the Tehrik-i-Taliban Pakistan (TTP) plagues the region and the area is known to be infested with militants, including those from al-Qaeda and other armed extremist organisations. DawnNews reported at least three people, including two students, were killed Sunday in two separate blasts that occurred in Upper Kurram Agency. According to the area’s political administration, a roadside bomb was detonated in proximity of a car in the Agency’s Shablan area. Two people are reported to have been killed as a result and one is said to have sustained injuries. The second explosion, which occurred in the Dal area, killed one person. This area too was cordoned off by political administration, and a probe has been launched to investigate the incident further. l

China president visits injured in deadly oil blast n AP, Beijing China’s president on Sunday visited hospitalised victims of deadly explosions that ripped through residential and commercial roads from a ruptured pipeline owned by the country’s largest oil refiner. The official death toll from the blasts rose to 52 earlier in the day after rescuers found more bodies in the aftermath of Friday’s industrial accident in eastern China. Eleven people were still missing, according to the information office of the government of the port city of Qingdao. Rescue efforts were continuing, the information office said. It said earlier that 136 people had been injured, 10 of whom were in critical condition. The accident was the deadliest involving state-owned company Sinopec. l

Smog descends on NE China, closing roads, airport n AP, Beijing Smog lowered visibility to less than 50 metres in parts of northeast China, leading to the weekend closure of highways and an airport. Seven expressways were partly or wholly shut on Sunday, according to the transport authority in Liaoning province. Farther north in Heilongjiang province, which borders Russia, more roads and an airport shut Saturday, including Taiping International Airport in Harbin city, which cancelled all 209 inbound and outbound flights. The airport said that flights were operating again Sunday as visibility improved to a few hundred metres. Last month, Harbin practically ground to a halt with a particularly bad bout of pollution that followed the switching on the city’s heating systems, which require the burning of coal. The smog stopped flights and buses and closed schools. l

Pakistani protesters search for Nato supply trucks n AP, Peshawar Demonstrators protesting US drone strikes roughed up drivers Sunday as they sought to stop trucks carrying Nato troop supplies and equipment from passing through northwest Pakistan. The rally came a day after a party led by politician and cricket star Imran Khan said it would prevent Nato supply trucks making their way to and from Afghanistan from travelling through Khyber Pakhtunkhwa province until the US stops drone strikes. The US leads the Nato coalition of troops battling the Taliban in neighbouring Afghanistan. Close to 100 protesters on the outskirts of Peshawar, the capital of Khyber Pakhtunkhwa, checked the documents of truck drivers headed toward Afghanistan as they passed through a toll booth. They shouted at the drivers, and pulled one man, Gul Zaman, out of his truck when he told them that he was carrying commercial goods to Afghanistan, not Nato supplies. Video of the incident was

Imran Khan, leader of Pakistan Tehreek-e-Insaf party delivers a speech to his supporters during a protest against U.S. drone strikes in Pakistan AP shown by Pakistan’s GEO TV. “Without waiting for me to take my documents out of the glove compartment, they dragged me out,” Zaman said. “We are also concerned about

drone attacks, but they shouldn’t come down heavy on us like this.” Police were present at the scene but did not intervene to stop the protesters, some of whom were carrying wooden batons. l




Monday, November 25, 2013

Letters to


the Editor


Politician Mirza Sultan Raza dies

Ensure justice for Tazreen victims

November 19


year has now passed since the deadly Tazreen factory fire claimed the lives of 112 workers and injured hundreds more. The fact that the victims remain uncompensated for their losses and little progress has been made in bringing the perpetrators to justice demonstrates that we have failed to yet learn the lessons of this tragic incident. The families of the deceased thus far have It is now the moral received nominal assistance imperative for the from the BGMEA. With the government and the exception of one brand (C&A), BGMEA to act none of the global buyers who were producing clothing in Tazreen have delivered on their promised compensation to either the victims’ families or the survivors. The process of bringing the perpetrators to justice has also been excruciatingly slow with investigators failing to finalise charge sheets in three out of five cases in connection with the disaster. While initiatives have been undertaken by civil society, labour rights organisations and the ILO, the crucial missing component is a strong stance by the government and the BGMEA. The stories of the trauma suffered by the survivors and their struggle to find a decent livelihood again are truly harrowing. The lack of action by the powers that be is condemning hundreds to live in poverty and pain. Moreover, the lack of progress in compensating the Tazreen victims bodes poorly for the prospects of the victims of the Rana Plaza tragedy. It is now the moral imperative of the government and the BGMEA to act to ensure that the perpetrators are brought to justice and that the global buyers and the factory owners are no longer able to evade their responsibility to compensate.

Divide and misrule?


haka’s immense population and dismal state of disrepair presents huge administrative challenges. It is disappointing that one perceived solution to this problem, the splitting of DCC into two administrative units, has not delivered any major achievements in the last two years. In fact in some aspects, it may have made things worse. Bifurcation has led to administrative complexities that make it difficult to take major strategic decisions or for municipal services like waste The most glaring disposal and water supply to problem with the be properly co-ordinated. splitting of Dhaka It has also made it easier into North and to engage in buck-passing South units is the making an already inept absence of elected administration all the more representatives inefficient. A system of shuffling officials between the two units every six months only makes such matters worse. The most glaring problem with the splitting of Dhaka into North and South units is the absence of elected representatives. With no mayors for either of the units, the level of accountability is effectively nil, and there is virtually no opportunity for citizens to apply pressure where pressure is needed. Accountability is needed so that citizens are empowered to engage on city wide issues. However, blaming the administration alone for Dhaka’s woes is only addressing half the problem. Citizens could also do more to engage with their neighbourhoods. Precious little is done by many to maintain their neighbourhoods or engage with their city in a manner that reflects good citizenship or civic responsibility. Civic engagement therefore needs to be improved at a local grassroots level as well as city wide.


The death of someone close to us leaves us shocked with grief. We cannot understand how one minute this person was here and the next they are gone. The truth is that those we love are never truly gone. The body may have run its course, but the soul lives forever. Human beings have been cognizant of eternal life since the beginning of time. Every culture has its own traditions about death and reincarnation. The anxiety commonly felt about death in our culture is a result of a scientific schema, which says that “if I don’t see it, it’s not there.” I am deeply shocked to know that Mirza Sultan Raza passed away. He was a great man who thought from the heart. I pray for his departed soul, and may Allah give his family the strength to overcome. Shoeb Jahangir

November 19

We don’t have superheroes or superkids! Ershad: Not in Grand Alliance anymore November 17

Forgive me, but I’m surprised no one is hatching up conspiracy theories here. I’d rather think that this was an Awami League strategy to not hold a “one-sided” election. If Ershad takes part in the upcoming election, he’ll emerge as the main opposition (with limited powers), and this will totally throw BNP out of the political arena. Ash

Economic units grow 118% in 10 years November 18

It hurts me to see our manufacturing industries losing their grip from our economy, year by year. One must understand that our pride and value-added services can only be achieved through local manufacturing industries, not by import of goods and multinational companies. However, this is a very welcoming initiative by our government. And I hope this success shall continue in the coming years. And dear readers, please promote “made in Bangladesh” products more at home and abroad, whenever you can. Neazur

DOWN 2 Injures (5) 3 Fitting (3) 4 Errand (7) 6 N Ireland county (4) 7 Public speaker (6) 8 Was ahead (3) 9 Goading implement (4) 15 Pasty composition (7) 17 Gallery of shops (6) 19 Sheeplike (5) 20 Consumes (4) 22 Tools (4) 23 Spinning toy (3) 25 Part of the verb ‘to be’ (3)

November 18

Ah, lungi-man, that’s more like it! How many kids in Bangladesh are familiar with Batman or any other superheroes? Not many. All the Dhaka city kids do not reflect on the rest of the country. If there is a superhero who hails from Bangladesh, then the kids across the country could relate to him. Sadly, not many kids have access to comic books or hear stories of how Make a Wish Foundation in the US go out of their way to fulfill the dream of a very sick child. Bangladeshi kids are as imaginative as the ones who live in the West but they have to do away with very little because there is no one to cater to their wish. They are lucky only if they can get hold of a few children’s books while growing up. May be one day one will come up with a comic book about the lungi-man, so that Bangladeshi kids can have a hero all to themselves. Lila Ahmed

So much pollution all over Dhaka. Maud Trad Sayyeda This picture is just perfect in proving and reflecting the quality of belief the people of Bangladesh have. The Messenger of Allah (SM) said: “Purification is half of belief (Imaan) Alhamdulillah fills the scale, Subhanallah and Alhamdulillah fill what is between the heaven and the earth, prayer is light, charity is evidence, and patience is illumination. The Qur’an is a proof for you or against you. Every person begins his day as a vendor of his soul either freeing it or ruining it. [Sahih Muslim] Fahad Salahuddin Saber

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Broom procession against Ershad in Sylhet November 20

Man! I thought the women liked him! Waziuddin Chowdhury If Ershad could side with BNP, there would be no procession, it’s true. Nepal Dutta



CODE-CRACKER ACROSS 1 Pretended (4) 5 Object of worship (4) 10 Copies (4) 11 Metal-bearing rock (3) 12 Separates (5) 13 Bundle of notes (3) 14 Used up (5) 16 Scoundrel (6) 18 In abundance (6) 21 Is concerned (5) 23 Financial burden (3) 24 Pollute (5) 26 Lyric poem (3) 27 Decorative plant (4) 28 Mexican dollar (4) 29 Scottish dance (4)

Dirty water from Niketan polluting Hatirjheel water






Monday, November 25, 2013

The missing men in violence against women n Maria Correia


Do we want this to be the future of our world?


Water cooperation for a secure world Hassan bin Talal and n ElSundeep Waslekar


N Secretary-General Ban Ki Moon has repeatedly emphasised the need to explore the linkage between water, peace and security. Now, new research by Strategic Foresight Group demonstrates that he has been right to do so. Empirical evidence in 148 countries and 205 shared river basins indicates that any two nations that are engaged in active water cooperation do not go to war. Of the 148 countries covered by the report, “Water Cooperation for a Secure World,” 37 are at the risk of going to war over issues other than water, including land, religion, history and ideology. These also happen to be precisely the 37 countries which do not engage in active water cooperation with their neighbours. The good news is that more than 100 of those countries which promote water cooperation in both letter and practice also enjoy peaceful and secure relationships with their neighbouring countries. Water and peace are interdependent. Nonetheless, and despite the growing international consensus in the international community on the significance of water as an instrument of cooperation (as reflected in the UN’s designation of 2013 as the Year of Water Cooperation), many analysts continue to project water as a source of potential conflict. It is true that lakes, rivers and glaciers around the world are shrinking. Growing pressures of population, economic growth, urbanisation, climate change and deforestation can further deplete water resources, thus causing




social and economic upheavals, but this need not be so. Active water cooperation can help overcome environmental challenges and usher in a new era of peace, trust and security. Beyond the essential legal agreements, active cooperation also requires sustained institutions of trans-boundary cooperation, joint investment programs, collective management of water-related infrastructure, a system for regularly and jointly monitoring water flows together with a shared vision of the best allocation of water resources between agriculture and other sectors, and a forum for frequent interaction between top decision-makers.

Many parts of the world witness active water cooperation between riparian countries. In the Senegal River basin in West Africa, an autonomous body which is independent from any state owns the dams. In Latin America, the waters of Lake Titicaca are considered joint and indivisible by Peru and Bolivia. In the Mekong basin, flow data is harmonised among the lower riparian countries, while the upper riparian countries, China and Myanmar, are dialogue partners. The Rhine, Danube and Sava River basins, as well as Lake Constance in Europe and the Colorado River between the United States and Mexico are all jointly managed on a daily basis.

37 countries are at the risk of going to war over issues other than water, including land, religion, history and ideology. These also happen to be precisely the 37 which do not engage in active water cooperation with their neighbours An institutional infrastructure should enable political leaders to discuss exchanges between water and other public goods such as transit, national security, or large public works. The underlying emphasis must be placed on harnessing the benefits of a river, rather than on squabbling about the shares of depleting flows. The new Strategic Foresight Group report introduces the Water Cooperation Quotient (WCQ) which measures the effectiveness and intensity of trans-boundary cooperation in water using the parameters mentioned above. The 37 countries that face the risk of war happen to have a WCQ below 33.33 in value.



These countries all enjoy peaceful and stable relations. The benefits of active water cooperation, both in terms of economic growth and in previously unknown levels of peace, as evidenced in both the developed and parts of the developing world such as Central America, West Africa, and Southeast Asia, should not be denied to West Asia or other regions. Such cooperation, however, is premised on an intellectual framework for cooperation, rather than confrontation, or the “Blue Peace way of thinking,” where water is seen as an instrument of collaboration rather than a cause of crisis. We have together developed the



Blue Peace approach, in a process supported by the Swiss and Swedish governments over the last three and half years. It entails the development of a community of political leaders, parliamentarians, government officials, media leaders, and experts from regions facing political discord, to encourage the use of water to promote peace and the protection and enhancement of the human environment. Such a community can pave the way in establishing regional cooperation councils for the sustainable management of trans-boundary waters to facilitate joint monitoring of water flows, to harmonise standards to measure water and climate indicators, to negotiate joint investment plans in water-related large projects, and to discuss exchanges between water and other public goods. This can result in the improvement of the WCQ to a level higher than 33.33 in Asia and Africa. Indeed we urge all countries to use the WCQ to assess their own performance with regards to their cooperation with neighbours and thereby to enhance the prospects of peace and security for themselves. It is our profound hope that together we can begin the process of implementing the Blue Peace framework across the world by crafting institutional instruments, globally acceptable legal regimes, dialogue mechanisms and a worldwide Blue Peace network. If we take a few steps in this direction this year, the proclamation of 2013 as the International Year of Water Cooperation will prove to be meaningful. l

efore we can end violence against women, we must first ask the fundamental question of what is going on with men – the main perpetrators of this violence – and why societies worldwide are producing so many violent men. As we mark the International Day for the Elimination of Violence Against Women today, this calamity has reached epidemic proportions. Earlier this year, the World Health Organization released the first systematic study of global data on the prevalence of violence against women. This ground- breaking work revealed that fully one third of women worldwide – nearly one billion women – will experience physical violence from a male partner in their lifetimes. In response, the report recommends a range of actions, including care for victims, education, empowerment, mandatory reporting – all of which, while important, are not new. Women’s groups have been advocating for and implementing such programs for decades. But the problem has persisted or even increased in rich and poor countries alike – across age groups, classes, cultures and races. The time has come to shift our thinking and approach. We need to turn our attention to the behaviour and motivations of the men and ask a different set of questions. What is going on with the men who are committing these violent acts? Why do so many men abuse women and girls – particularly their own family members? Why is men’s violence against women so commonplace across countries in the world today? And how do institutions in our society perpetuate the practice of men abusing and violating women? Violence against women is closely linked to the rigid norms that define what it is to be a man. Worldwide, there is a dominant model of manhood; men are taught to aspire to and judge themselves based on this ideal. Men are expected to be financially independent, become husbands and fathers, be the primary income earner for the family, be achievers in the eyes of peers, and be in control and exert authority. These salient norms of manhood are perpetuated by societies, communities, peers, families and women themselves – and take on more extreme forms in some cultures. But for most men, particularly poor men, there is a huge gap between these expectations and what they can achieve. In the face of chronic poverty, inequality, exclusion, and jobless economies, many men feel they don’t measure up. How then, do these men prove themselves as men? All too often it is through the use of force and violence – and female partners are easy targets.

Such behaviour is often the only way for many men to wield power in societies where they are made to feel powerless and useless. This is the hard reality that remains unacknowledged or misunderstood in much of the discussion on gender violence today. In a household survey of 1,552 men in India, one third of men said they were ashamed to face their families because they were jobless or did not earn enough. Those unemployed men who reported being stressed or ashamed were 50% more likely to use violence against a partner, and twice as likely to have used sexual violence, than men who did not report economic stress. So what do we do?

Such behaviour is often the only way for many men to wield power in societies where they are made to feel powerless and useless Ultimately, societies must challenge the impossible-to-achieve demands of manhood and the patriarchal structures that underpin these demands. We need to redefine notions of manhood and find alternative masculine identities that are not destructive to women and men alike. This is a long-term prospect but it starts by changing the way we – both women and men – raise boys to be men. In practical terms, we need to integrate men fully in programming efforts. Targeting men in sexual and reproductive health, maternal and child health, fatherhood and HIV/AIDS programs, for example, has shown to bring positive changes in men’s attitudes and behaviours. The good news is that such programs are springing up across South Asia and elsewhere and showing results. We also urgently need to better understand male motivations for violence. While data are limited, the IMAGES and Partners for Prevention surveys, which include the India survey noted earlier and the Sri Lanka survey, offer the most comprehensive analyses to date on men’s attitudes and practices on gender violence. Such data should be used to tailor prevention strategies. As we reflect on today, and as we near the first anniversary of the horrific Delhi gang rape and murder of a female student, we need to work differently and more creatively to end this egregious and pervasive form of violence. This means addressing men’s gender issues to prevent violence before it happens, and making men a central part of the solution. l Maria Correia is the Manager for Social Development in the South Asia Region of the World Bank.

HRH Prince Hassan bin Talal is the Chair of the UN Secretary General’s Advisory Board on Water and Sanitation. Sundeep Waslekar is the President of Strategic Foresight Group.








Shadows of Camelot n Towheed Feroze


id the shot come from the building behind the motorcade or was there a concealed gunman in a bush in front? This one question keeps on troubling the world. President John F Kennedy was killed 50 years ago, and in that time frame, the world has changed immeasurably, though the question above has never been answered definitively. The Cold War, the big headache of the JFK administration, is but a faded memory. Cuba’s fiery Communist leader Castro is no longer the bête noir intolerable and the map of Europe has changed so dramatically that the global geographical demarcation from the sixties may now appear totally outmoded.   Yet, the events of that fateful November day in Dallas, when JFK was shot, carry on providing a rich premise for conspiracy theories. No matter how much we reveal, there still seems to be something missing. Or, to be frank, we want to think there are some missing segments. So, when one of the bodyguards,

who accompanied the president on that day, was recently interviewed by the BBC, audience interest was revived on the hope that perhaps a small detail, unnoticed for so long, would possibly come out in the open now. Of course, nothing of that sort happened. The mystery surrounding the killing received a boost when a nurse, who was at the hospital trying to revive a fatally wounded president, dramatically declared that there was another bullet, not matching the ones from Oswald’s rifle, which was removed from the spot. Well, here is another statement which only compounds the dark theories. Conspiracy lovers have a reason to rejoice!   The truth is that the events following the arrest of Lee Harvey Oswald, said to be the sole killer of JFK, only compounded the fog around the whole assassination. Oswald was shot in public by Jack Ruby, a night club owner– an act which is deemed by many as a move to eliminate the scapegoat. In later years, those wanting to prove a more sinister force behind the killing

have used technology to indicate the contour of a rifle-carrying man sitting under a bush ahead of the presidential motorcade. Hence, the controversy as to the origin of the bullet! Whatever the case, JFK refuses to let go of his attraction. One must also say that the regular revelations of his amorous relations with women only multiply that interest. JFK’s many brief but tempestuous relations with members of the opposite sex are deemed not as embarrassments, but surprisingly, as acts spurred by a wicked streak. Anyway, salacious details keep on coming out and these revelations make the president appear more than a solemn (read boring) leader of a powerful nation. All the saucy bits of his personal life have implanted the image of a flamboyant lady killer who, on the side, also ruled a country during a critical period of time. Would JFK be so talked about if he had been alive or if he had been saved that day after being shot? Very unlikely! An analogy with Che Guevara

becomes essential. If the firebrand Marxist revolutionary did not die in Bolivia to come back to Cuba, the cult surrounding him would not have developed. With the crumbling of the Communist Bloc, his revolutionary ideals would have lost lustre. Similarly, JFK had to die to give Camelot the enduring appeal. Curiously, no one ever strongly suggested the hand of Cuba in the killing, though Castro did have a valid reason. During JFK’s presidency, several US attempts were made on the life of the Cuban leader, including the Bay of Pigs invasion, with the missile crisis putting the world on the verge of a nuclear war. It must be said that the countless affairs with women, the threat of a third world war, rise of Communism in Cuba not too far away from the US mainland, the Apollo moon landing programme, and the ongoing Vietnam War coalesced to create a multi-dimensional portfolio for the president. Though JFK died, these events later changed or directly influenced many global factors. There isn’t

any definitive proof but Kennedy actually wanted to withdraw soldiers from Vietnam – a decision which was reversed during the Lyndon Johnson era.   

Would JFK be so talked about if he had been alive or if he had been saved that day after being shot? Very unlikely! Now that the world commemorates fifty years of JFK’s assassination, many parts of the whole event still remain missing.  A new movie, made from the angle of the hospital moments after the president was shot, is due to come out while the old debate as to the direction of the shots is being reignited. Should we be thrilled? Why not, since the mystery only becomes thicker. The world always has room for some more cloak and dagger.  Hence, “don’t let it be forgot, that once there was a spot, for one brief shining moment, that was known as Camelot.” l Towheed Feroze is a journalist currently working in the development sector.



Entertainment ON TV

Monday, November 25, 2013

Apurbo reveals singing talent in Sydney

MOVIES 6:30pm Zee Studio Miami Vice

7:00pm Fox Movies Premium Salt

COMEDY 11:30am FX

It’s Always Sunny In Philadelphia

8:30pm Z Cafe

The Big Bang Theory

MISC 2:30pm Travel XP Singers of Chhayanaut present chorus songs at a programme paying tribute to poet Sufia Kamal on November 23


Sufia Kamal’s death anniversary observed n Entertainment Desk Chhayanaut paid tribute to its founding president, the renowned poet Sufia Kamal on her 14th death anniversary. The programme opened with a memorial on the poet by Mofidul Haque, then the event proceeded with a musical soiree featuring songs of three poets – Atul Prasad Sen , DL Roy and Rajanikanta Sen were held at the programme. Chhayanaut artistes set off the soiree with two choral renditions of Hain Behobol Koruna Chhol Chhol, Eto Alo Bishoma-

jhe composed by Rajanikanta Sen and many more popular songs were presented on the occasion. Several artistes performed solos at the programme. Among them noted singers - Mita Huq, Khairul Anam Shakil, Azizur Rahman Tuhin and Nasima Shahin prented their respective renditions of songs composed by Atul Prasad, Rajanikanta Sen and DL Roy. Seasoned artiste Iffat Ara Dewan presented an Atul Prashad number Koto Gaan To Holo Gawa while Nasima Shaheen rendered a Rajanikanta

Sen’s number. Among others, Sumon Majumder performed a DL Roy song while Partha Sarathi Shikdar presented Atul Prasad’s song at the event. Last presentation was a choral rendition of DL Roy’s composition Aji Go Tomar Chorone Jononi. The singers were accompanied by Enamul Haque Omar and Subir Ghosh on tabla, Almas Ali on violin, Iftekhar Hossain Sohel on keyboard and Pradip Kumar Roy on mandira. The programme wrapped up with a rendition of the national anthem. l

Great indian Hotels

9:30pm FTV

Fashion Divas

DRAMA 6:30pm Zee Cafe The lying game

11:00pm Zee Tv Punar Vivah

NEWS 7:00pm ATN News News at seven

10:00pm Boishakhi Tv Raater Shongbad

n Entertainment Desk Popular actor of the small and big screen of Bangladesh, Apurbo, shows his singing talents at a charitable show Bangladesh Australia Friendship Fair at Sydney on November 17. He performed wellliked songs like Ore Nil Doriya of Abdul Jabbar and Kumar Bishwajit’s Tore Putuler Moto Kore. After singing two songs, the audiences were pleasantly surprised and pleased with his singing skills and wanted the actor to go on singing. Apurbo was a beaming entertainer for his spectators and performed the timeless song of Ayub Bacchu, Shei Tumi, for the audience. About his experience in singing infront of the pub-

lic, Apurbo states: “At first, everyone thought I was lip singing the songs. It was great to view the audience’s amazement to see me sing. I am overwhelmed for the love of the people of my country, living in Sydney.” When asked whether he will release his own album, Apurbo mentions: “I have a desire to release an album. It is too early to talk about such ventures.” Soon, the actor will start shooting of Ashikur Rahman’s Gangster Return. The resonant voiced actor first lent his voice in Ghor Chara, which was directed by Gazi Rakayet in 2006. After that, Apurbo sang the title song of Shihab Shahin’s drama series Bhaobashar Chotushkaan. l



Robi Singer Hunt’s grand finale concert held n Entertainment Desk The grand finale concert of the Robi Singer Hunt was held yesterday night with participant Silverlight winning the competition and a music album deal worth TK100,000 from Robi Axiata Ltd. The runner up is Niger Sultan Mimi. This is the first time in Bangladesh that a singer hunt competition had been introduced through the social media. The competition finalists were judged by popular musicians Bappa Majumdar, Tahsan Rahman Khan and George Lincoln D’Costa. “When Robi said that they are organizing an online campaign named Robi Singer Hunt, I was very excited,” said Tahsan. “It’s always good to discover

new talent among the youth and given them the much needed break.” The Robi Facebook page witnessed an overwhelming response in the first phase of the competition. Robi’s Chief Markets Officer, Pradeep Shrivastava, said, “We are particularly proud to be doing so through a first-of-its-kind social media based talent hunt. Individuals often have abilities that go undiscovered. We look forward to discovering the new golden voice of Bangladesh.” After launching the contest in September, Robi has shortlisted seven winners based on facebook “likes” and judges’ choice after four rounds of intense competition. Seven singers, including three bands, have made it to the final round. l

Planes in 3D Step Up Revolution in 3D Bullet to the Head Purno Dhorgho Prem Kahini Level 8, Bashundhara City, Panthapath


Very Graphic: The Art of Storytelling in Graphic Detail Group Exhibition Time: 12pm – 6pm Bengal Art Lounge, 60 Gulshan Avenue


Street Theatre Aro Koto Jon, a production by Pothnatoker Dol, was staged yesterday on the premises of Chhobir Haat. The play raises strong vocal against tragic deaths of garment workers in some recent fatal accidents SADIA MARIUM

Open Mic & Jam Session Time: 7:30pm – 9:30pm Kozmo Road-11, Banani Concert Band Sohojia Time: 5pm Bokultola, Faculty of Fine Arts, DU

Lara Dutta ready for a comeback in Bollywood n Entertainment Desk

Bollywood actor Lara Dutta, who was last seen in a lead role in her home production, Chalo Dilli (2011), says that she’s waiting for a nod from producer Boney Kapoor, to re-enter Bollywood with a bang. The former Miss Universe is expected to have a lead role in Kapoor’s upcoming film, No Entry Mein Entry, a sequel to No Entry (2005), that also starred Lara. “Whenever I ask Boneyji about the film, he says that the shooting will start very soon. ‘Now we are ready. Salman Bhai has given his dates.’ He tells me this every month,” she laughs. However, her connection with sequels doesn’t seem to end there. The 35-year-old actor is also set to produce the sequel to Chalo Dilli. “The film will again star Vinay Pathak and me. Right now it’s in its pre-production stage and we are planning to start its shoot by the end of March,” she shares, on a recent trip to the Capital. Besides acting and production, the actor is busy trying out her hand in fashion designing too. She has tied up with a store in the city to design a range of saris. l

De Niro’s failed audition for The Godfather emerges online n Entertainment Desk

Robert De Niro’s audition for the role of Sonny in The Godfather has been released online showing how even the most talented of actors have to face a little rejection now and again. The 70-year-old star tried out for four different parts in the first of Francis Ford Coppola’s epic gangster trilogy – and was turned down for all of them. The video shows De Niro as an unknown actor in his 20s auditioning for the part of Sonny Corleone wearing a jaunty hat. In the tape, he says with a smile: “That’s what you do, you get his brains all over your nice Ivy League suit. You can prove it to me, go ahead and do it.” The part eventually went to James Caan while De Niro was briefly cast as Vito Corleone’s driver Paulie but ended up losing out to Johnny Martino for that role, too. But De Niro had the last laugh when he was cast as the young Vito in The Godfather Part II, a part which bagged him his first Oscar in 1974. The actor told Parade in 2011 that he was glad for his years as a struggling actor. He said: “I did Godfather II when I was 31, so I had all my young life before that hit. I see some actors, they’re so young when they start, and that’s OK, but it’s a different experience. You gotta handle it because if you don’t handle it, you’re going to blow it and it’s all going to go and then what? So it’s a good thing to have some kind of foundation and if you’ve had a little obscurity in your life, that’s good.” l

Robert De Niro in Godfather II

Did you know? England’s 381-run defeat is their third heaviest runmargin defeat away from home, after Brisbane 2002 and Adelaide 1895


Monday, November 25, 2013

14 Johnson bowls Australia to victory in Ashes opener

Arch-rivals gear up for prestigious clash

14 Madrid rout Almeria, Atletico thrash Getafe

Traditional rivals Dhaka Mohammedan Ltd (L) and Abahani Ltd players attend their respective practice sessions yesterday prior to their Walton Federation Cup match at the Bangabandhu National Stadium today

n Raihan Mahmood Traditional rivals Abahani Ltd and Dhaka Mohammedan Ltd will lock horns for sheer prestige in the Walton Federation Cup at 6:00pm at the Bangabandhu National Stadium today. There are a number of unusual factors that have attracted the football folks ahead of this Group D match as both the teams are guided by their interim coaches. Abahani sent their Australian coach Nathan Hall back just before the opening of the curtain raiser tournament as Amalesh Sen, the long serving coach will be on the helm of Sky Blues till Ira-

nian Ali Akbar Parmoslemi takes charge. On the other hand, Mohammedan, the traditional Black and White outfits will be guided by former national captain Jewel Rana who is supposed to be working as the assistant to Saiful Bari Titu. Mohammedan reportedly is yet to strike a deal with Titu, who guided them to the glory of Super Cup last season. Titu, however, is also ill which put Jewel in charge. It is after eight years that the traditional rivals will face each other in the group phase. Last time the giants were pitted in the same group was in 2005 and Mohammedan will definitely want to erase the bitter memory as Abahani demolished them 5-1 in that game. Till date the powerhouses have met

on 14 occasions and Mohammedan has won eight times, Abahani won five teams while the other one was a draw. The match will be a special one for Ghanaian forward Osie Morrison who played for Mohammedan last season. He celebrated his debut for the new club with a fabulous hat-trick against Rahmatganj in their opening fixture and he looks in superb form. However, Mohammedan will also have their gladiators in national attacking duo of Emily and Zahid. Emily showed his class with a hat-trick in their first match while Zahid also netted one. Wahed, the other striker of Mohammedan will also be a man to watch. Abahani manager Satyajit Das Rupu was looking forward to play a good brand of football. “We are already in the

quarterfinals and now we are looking to become the group champion. Nobody can guarantee who can win, it is the first big match of the season and some pressure is there. Success depends upon utilising the chances, it will be a tough one as nobody wants to lose,” said Rupu before adding that their Brazilian midfielder Luis De Souza is all set to play today. Jewel Rana also echoed the same as his counterpart and said, “It’s a match of prestige and group championship will be an advantage. We conceded two goals against Rahmatganj and it’s a matter of concern. We will not play for a draw, our midfield  performance was also  not satisfactory and we need more from the foreigners. Players have to perform and we have to score goals, not concede.” l

Ervine, Williams left distraught by Brothers n Mazhar Uddin After the bad reputations for not clearing the payments of the foreign cricketers in the second edition of the Bangladesh Premier League, the same complain was raised and this time by the Zimbabwean cricketers Sean Ervine and Sean Williams who played for Brothers Union in the ongoing Dhaka Premier League (DPL). They are now spending helpless times at their hotel as they did not receive their salaries from the club yet. The DPL clubs are always keen on roping in quality foreigners, but sometimes the same foreigners who play a

crucial role for their respective club experiences a different attitude from the club authorities who don’t pay them on promised time. Brothers Union played their last match of the league on November 18, a replay fixture against Sheikh Jamal Dhanmondi Club which they lost, and failed to qualify the Super League phase that consists the top six teams. A week has passed by, but Brothers’ Zimbabwean recruits Ervine and Williams are yet to receive their salary. Ervine is due $7,600 while Williams’ match fee of $2,200 was not cleared till yesterday.

The situation is so embarrassing for both the international cricketers, who have no money on them, they are not even allowed to check-out from the Tropical Daisy hotel in Banani as their stay there are also not cleared by the Brothers official, which is $900. Williams is expected to play in the Chittagong league shortly, but is helplessly waiting for the Brothers officials who haven’t even met them after the last match and are also not picking their calls. “We are hurt and disgusted with things over here. They don’t even answer our phone calls,” said Williams. On the other hand, Ervine is wait-


15 Home sweet home for Man City in Spurs rout


Borthers, Muktis secure last eight spots n Raihan Mahmood Brothers Union and Muktijoddha sealed their places in the last eight of the Walton Federation Cup after winning their respective opening matches of the season at the Bangabandhu National Stadium yesterday. Brothers Union beat Bangladesh Police 2-1 while Muktijoddha edged past Chittagong Abahani 3-2. Earlier, Police drew their first match with BJMC 1-1 and Chittagong Abahani lost to Sheikh Russell  1-0. Two consecutive losses saw Abahani bow out of the meet, but Police still have a chance to make it in the quarters from their group given Brothers beat BJMC by a 2-0 margin.  However, it was Police who took the lead in the 17th minute with their forward Kobirul Islam netting a grounder on a corner which the Brothers defence failed to clear properly. Brothers’ defender Pranab Kumar Dey equalised in the 41st minute with a low grounder from the top of the box before they cashed in from a clever goal from winger Faisal Mahmud, who

MATCH HIGHLIGHTS Brothers 2-1 Police Pranab Kumar 41 Kobirul Islam 17 Faisal Mahmood 64 GOAL! 17’ Police stun Brothers with Kobirul Islam’s goal. Kobirul sent a low shot into the far post from middle of the box. GOAL! 41’ Brothers defender Pranab Kumar equalizes. Taking control of ball at the top of the box Pranab kept his cool to unleash a grounder to restore the parity. GOAL! 64’ Faisal Mahmood’s tricky goal. Standing in the middle of a goal mouth melee Faisal placed the ball into the middle net with a delicate touch.

Muktijoddha’s Nkwacha Kingsley celebrates scoring against Ctg Abahani yesterday showed calmness to place the ball into the near post from a goal mouth melee, to take the lead in the 64th minute. Indian football legend Naeemuddin, coaching Brothers Union again after 2011, said his team is still to get the rhythm as he has started working just a week ago. “We are not prepared yet, but bouncing back from a goal down is really satisfying and it’s the team spirit,” said Naeem. In the other match of the day Md. Biplob scored a brace in the 11th and 54th minute to steer Muktijoddha to a struggling win. The other goal was struck by his Nigerian attacking partner Nkwacha Kingsley. Muktijoddha, however, struggled in the dying stage as Chittagong Abahani, who returned to the highest league after two seasons in the Second tier, staged a comeback putting all their effort. They scored two quality goals starting with a brilliant header in the 58th minute from forward Md. Sohel Mia who beat Muktijoddha goalkeeper Aminul in the far post. Chittagong Abahani’s midfielder Nazrul Islam’s long range shot hit the cross bar in the 81st minute as they kept their opponents on their toes before  Jabed Khan netted the winner in the injury time with an angular chip on a back pass of Ashik Ahmed. Once again Aminul was beaten on the far post with a beautifully curled strike from Jabed. l

BCB anti-graft tribunal holds first hearing

Crucial DPL round for Gazi, Doleshwar n Mazhar Uddin The penultimate round of the Dhaka Premier League’s Super League phase will be held across three venues today. Table toppers Gazi Tank Cricketers will lock horns with Mohammedan Sporting club at BKSP-2. It is a very crucial match for Gazi Tank as a win will take them a step closer to the silverware. Tailing the toppers with a difference of just two points Prime Doleshwar will be eyeing nothing but a win when they face Kalabagan Cricket Academy at the Khan Shaheb Osman Ali Stadium in Fatullah. Doleshwar are in song beating Mohammedan by seven wickets in their last match. Meanwhile, led by national skipper Mushfiqur Rahim Sheikh Jamal Dhanmondi will take on Prime Bank CC at the SBNS in Mirpur. l

ing for his return ticket to his country for the last few days and hasn’t yet received any response from the club officials. Meanwhile, Amin Khan the manager of the Brothers Union club accepted the fact of not clearing the dues as their chairman of cricket committee AJM Nasir is out of town, but informed that they have been treating them well and communicating with them all the time. “Our chairman is busy with CJKS Corporate League in Chittagong and as soon as he returns we will clear all the dues. We are in touch with both the cricketers and looking after them quite well,” said Amin. l


n Minhaz Uddin Khan

Faridpur win youth hockey title n Raihan Mahmood Faridpur lifted the Agrani Bank National Youth Hockey title beating Rajshahi 4-0 in the final at the Moulana Bhashani National Hockey Stadium yesterday. Mostafizur Rahman opened the scoring in the 41st minute and added their

third in the 56th minute as Salman Sadik netted Faridpur’s second in the 48 minute. The icing on the cake was put by Moinul Islam in the 64th minute. The champions received a purse of Tk50,000 while the runners-up took home Tk25,000. Mostafizur Rahman of Faridpur was adjudged as the man of the match and received Tk10,000 and a crest. l

The first hearing session of the alleged of match-fixing in the last Bangladesh Premier League (BPL) was held yesterday. The three-member anti-corruption tribunal headed by Justice Khademul Islam Chowdhury, a former judge of the Supreme Court, along with Azmal ul Hossain and former cricketer Shakil Kashem operated the hearing of the accused. Iain Higgins, head of Conduct & Ethics and company lawyer of ICC (International Cricket Council), Shili Clark, ICC legal officer and Jonathan Taylor, ICC prosecutor, were also present during the hearing.  Among the nine individuals charged of match-fixing by the ICC, former national cricketer Mohammed Rafique didn’t attend the hearing while lawyers of the other eight faced the tribunal.  Barrister Nurus Siddique represented left-arm spinner Mosharraf Hossain and

right-arm pace bowler Mahbubul Alam Robin. Though the officials of the Dhaka Gladiators said of not appearing for the trial, their lawyers attended the hearing in the evening. Barrister Nowraj and AM Amin Uddin faced the tribunal on behalf of Dhaka Gladiators chairman Salim Chowdhury, the franchise’s managing director Shihab Chowdhury and CEO Gaurav Rawat. The Dhaka Gladiators officials denied the charges placed against them by the ICC.  “We told the tribunal that according to the BCB anti-corruption law the concerned failed to put up a tribunal within the time limit for which we filed a case in a local court and we are waiting for the decision from the court. This was the reason we said we won’t attend the hearing,” said Amin uddin.  Yasin Patel attended the hearing on behalf of English cricketer Darren Ste-

vens and it was learnt that Stevens spoke to the tribunal over a video conference. The English lawyer Patel also represented former Bangladesh captain Mohammed Ashraful while a Sri Lankan lawyer Dilan represented Kaushal Lokuarachchi. Ashraful was charged of his involvement with match-fixing while Lokuarachchi was charged for not reporting corruption approaches to him. Both the cricketers have confessed their mistakes and have asked the tribunal to be lenient with their punishment.  “We listened to everyone today (yesterday) and the process will continue. The next hearing will be on January 19,” informed the tribunal chief Khademul Islam to the media yesterday.  Khademul further informed that Ashraful and Lokuarachchi will not need to attend the hearing in January as they have already admitted to the charges. l




Monday, November 25, 2013

Johnson bowls Aussie to victory n Reuters, Brisbane

Australian bowler Mitchell Johnson (L) celebrates the wicket of England batsman Stuart Broad on day four of their first Ashes Test at the Gabba Cricket Ground in Brisbane yesterday


Rejuvenated Australia paceman Mitchell Johnson blitzed England with a haul of five for 42 to lead his country to an emphatic 381-run victory in the first Ashes test on Sunday. It was a first win in 10 tests for Australia after losing a series 4-0 in India and another in England 3-0 this year, and a first triumph in eight Ashes contests since the Perth test in 2010. The weather, which delayed play twice for more than two hours, at one stage looked like extending the sometimes fractious contest into a fifth day before Johnson stepped up to polish off the final English batsmen in the Gabba twilight. England’s hopes of any kind of result at Brisbane had been slim at best when they were set a record 561 to win and lost two second innings wickets for only 24 runs on Saturday evening. They were shattered when the dismissal of captain Alastair Cook for 65 triggered a collapse from 142 for four to 160 for eight in the 45 minutes between the two weather disruptions. The victory was a confirmation of a renewed sense of confidence in the Australia team after a miserable year and will strengthen their belief that they can stop England winning a fourth successive Ashes series. Left-arm quick Johnson, who took 4-61 as the tourists were skittled for 136 in their first innings and contributed 103 runs with the bat, was named Man of the Match after claiming his eighth test five-wicket haul.

Cook said England would regroup and come out fighting in the second test in Adelaide but needed to take a long, hard look at how they dealt with Johnson. l


(Haddin 94, Johnson 64; S. Broad 6-81) ENGLAND 1ST INNINGS 136

(M. Carberry 40; M. Johnson 4-61) Australia 2nd innings 401 for 7 declared (D. Warner 124, M. Clarke 113; C. Tremlett 3-69) ENGLAND 2ND INNINGS

(overnight 24 for 2): Alastair Cook c Haddin b Lyon 65 Michael Carberry b Harris 0 Jonathan Trott c Lyon b Johnson 9 Pietersen c sub (Sabburg) b Johnson 26 Ian Bell c Haddin b Siddle 32 Joe Root not out 26 Matt Prior c Warner b Lyon 4 Stuart Broad c Haddin b Johnson 4 Graeme Swann c Smith b Johnson 0 Chris Tremlett c Bailey b Harris 7 James Anderson c and b Johnson 2 Extras (lb2, w1, nb1) 4 Total (all out; 81.1 overs) 179 FOW 1-1, 2-10, 3-72, 4-130, 5-142, 6-146, 7151, 8-151, 9-172, 10-179 Bowling Harris 19-4-49-2, Johnson 21.1-7-42-5 (1w), Siddle 15-3-25-1 (1nb), Lyon 20-646-2, Smith 4-0-15-0, Watson 2-2-0-0 Australia won by 381 runs

Mourinho says he’s ‘right’ Goetze scores on return as Bayern sink Dortmund n for stalwart Lampard Reuters

n AFP, London Jose Mourinho is confident he can carry on getting the best out of Frank Lampard as the England midfielder nears the end of his career. At 35, Lampard is the elder statesman of Mourinho’s Chelsea team but emphasised his worth with two goals in a comprehensive 3-0 win at West Ham - his former club - as the Blues moved up into third place in the Premier League table on Saturday. Lampard had found himself marginalised when Andre Villas-Boas was in charge at Stamford Bridge but Mourinho has made no attempt to phase out a player who was pivotal to success in the ‘Special One’s’ first spell in charge at Chelsea, which saw them win the Premier League title twice before his abrupt departure in 2007. “He’s in a moment where he has noth-

ing to prove, to you to the fans, to me, to himself,” Mourinho said of Lampard. “He has just to enjoy the last years of his career, try to play the maximum he can, try to score because scoring was always something that was part of his DNA as a player, and enjoy life,” the Portuguese added. “That’s what he has to do. I think I come to him in the right moment for him. I was his manager in the best period of his career and now I come back with him to enjoy the last period of his career.” Mourinho was convinced Lampard would decide himself when it was time to quit the top-flight in England, possibly for a swan song in the United States. “It depends on them,” he said of the game’s elite performers. “Sometimes they stop when they want, when nobody is waiting for it. A few weeks ago Deco called me to tell me he’s going to stop. l

Mario Goetze scored on his return to Borussia Dortmund, the club where he grew up, to set bitter rivals Bayern Munich on the way to a 3-0 Bundesliga win in the clash of Germany’s top two sides on Saturday. Goetze stabbed the ball home in the 66th minute, only 10 minutes after coming on as a substitute to a resounding chorus of jeers, as the Bavarians enjoyed their first league win over Dortmund since February 2010. The 21-year-old, whose transfer stunned Borussia fans when it was confirmed last April for 37 million euros ($50.04 million), did not celebrate his goal. Arjen Robben sealed the win with a typical breakaway effort with five minutes left and Thomas Mueller sidefooted a third to complete a demoralising evening for Dortmund as their make-

shift defence collapsed. Dortmund were left to rue an early miss by Robert Lewandowski, who fired wide from six metres after only two minutes, and a brilliant save by Bayern goalkeeper Manuel Neuer to deny Marco Reus with the score 1-0. The win took leaders and champions Bayern, who have 35 points, seven clear of third-placed Dortmund. Bayer Leverkusen are sandwiched inbetween on 31 points after winning 1-0 at Hertha Berlin with Stefan Kiessling’s 13th goal of the season in all competitions. Bayern, who had not won any of their last six meetings with Dortmund, had plenty of early possession but spent most of the team passing the ball sideways, unable to play their way out of defence. After Lewandowski’s miss, Jakub Blaszczykowski wasted a chance for Dortmund when he dallied over his shot and Reus had a powerful drive parried by Neuer as the hosts looked

menacing. Dortmund had their entire firstchoice back line of Lukasz Piszczek, Mats Hummels, Neven Subotic and

RESULTS Nuremberg










Hertha Berlin





Bayern Munich

Ginczek 72

Halil Altintop 17, 23

Flum 56, Joselu 61, 68

Arnold 39


Fernandes 52

Schalke 04

Flum 14-og, Matip 18, Hoewedes 86 Kiessling 29

Goetze 66, Robben 85, Mueller 87

Marcel Schmelzer out injured but were in little danger in the first half hour. Bayern’s best first-half chance fell to Mario Mandzukic who just failed

to make proper contact after Robben rolled the ball across the penalty area following a break down the left. Dortmund were again close early in the second half when Kevin Grosskreutz chipped the ball in from the right, Lewandowski and Neuer missed it and the ball bounced agonisingly wide. The game swung Bayern’s way when Mueller found Goetze and he controlled the ball with his left foot and immediately stabbed it home with his right. Reus thought he had levelled with a shot which went through Dante’s legs only for Neuer to make a superb onehanded save at the foot of the post. Bayern finished off the game when Dante’s long, crossfield pass found Robben and he burst down the left and lofted the ball over keeper Roman Weidenfeller. Mueller gave the scoreline a flattering look when he turned in Philipp Lahm’s pass from inside the area. l

Ronaldo injured as Bale scores in Madrid rout, Atletico thrash Getafe n AFP, Madrid Cristiano Ronaldo was forced off with a slight thigh strain having opened the scoring and Gareth Bale was also on target as Real Madrid won 5-0 at Almeria to remain six points behind Barcelona at the top of La Liga. Barcelona made light work of their own injury problems as despite Lionel Messi’s absence they cruised to a 4-0 win over Granada at the Camp Nou, whilst Atletico Madrid remain second after crushing Getafe 7-0. Ronaldo had taken less than three minutes to register his 14th goal in his last seven games for club and country

as he flicked home Isco’s cross to give Madrid the lead. However, he then had to be replaced by Jese Rodriguez just six minutes into



Atletico Madrid


Raul Garcia 25, 52, Lopo 36-og, Villa 49, 78, Diego Costa 69, Adrian Lopez 90+2

Real Madrid

Ronaldo 3, Isco 75, Benzema 61, Bale 71, Morata 80


the second-half as he hobbled off down the tunnel. Earlier, Barca continued their 100 percent home record this season

Tennis players (L-R) Novak Djokovic of Serbia, David Nalbandian of Argentina, Rafael Nadal of Spain and Juan Monaco of Argentina shake hands before their exhibition tennis match in Buenos Aires on Saturday. Nadal, Djokovik and Monaco attended the farewell celebration for Argentine tennis player David Nalbandian AFP

with a 4-0 victory over 10-man Granada. Atletico remain just three points behind Barca as they hammered Getafe at the Vicente Calderon. Raul Garcia and a Lopo own goal put the hosts 2-0 up before the break. And after Juan Valera’s red card had seen the visitors reduced to 10 men, David Villa bundled home from close range before Garcia headed home his second of the evening. Diego Simeone then introduced Diego Costa on his return from injury and he took just eight minutes to produce a stunning overhead kick into the top corner for Atletico’s fifth. Villa then tapped home his second before Adrian Lopez completed the scoring in stoppage time. l

Atletico Madrid's Diego Costa (R) hits an overhead kick to score near Getafe's Alvaro Arroyo (C) and Alberto Lopo during their Spanish first division match at Vicente Calderon stadium in Madrid on Saturday REUTERS

PSG produce champagne display to move seven clear in Ligue 1

Milan ‘ultras’ block players in stadium n AFP, Milan

n AFP, Paris

AC Milan’s players were blocked inside the San Siro stadium late on Saturday as hundreds of angry hardline ‘ultra’ supporters gathered at the exit following a 1-1 draw at home against 10-man Genoa. Under-pressure Milan had been looking to claim their first league win since a 1-0 win over Udinese in midOctober. Nearly an hour after the game around 400 ultra supporters gathered at the exit, where the club and its players were targeted with insults, with reports on domestic agency ANSA suggesting the ultras had demanded a faceto-face meeting with the players. l

Paris Saint-Germain kept their unbeaten start to the season intact with a dominant 3-0 win at Reims which extended their lead at the top of Ligue 1 to seven points on Saturday. PSG, who suffered their last league defeat at Reims last season when they lost 1-0 in the champagne region, gained a slice of revenge in a controlled, professional performance away from home. Lucas Moura and Jeremy Menez shared goals either side of half-time and Zlatan Ibrahimovic added a late insur-













B. Gomis 16 Cabella 69

Kana-Biyik 63 Mayuka 74


Lucas 24, Menez 60, Ibrahimovic 90


Aboubakar 6, 13, S. Diallo 82, Jouffre 87-pen


Bahebeck 66


T. Giresse 77-pen


Diabaté 64


Boudebouz 31

ance marker as Laurent Blanc’s men rumbled to their 10th victory in 14 outings. Second-placed Lille host lower table Toulouse on Sunday while Cote d’Azur big spenders Monaco also face a must win situation at Nantes in a bid to keep pace with the runaway leaders. Also on Saturday, Lyon were held 1-1 at home by relegation threatened Valenciennes, while Lorient picked up a rare away win by thrashing French Cup finalists Evian 4-0. The three other Saturday matches between Montpellier and Guingamp, Rennes at home to Bordeaux and Sochaux entertaining Bastia all finished 1-1. l



City put six past hapless Spurs, United held


First div chess league Sonali Bank Sports & Recreation Club, Sultana Kamal Smirity Pathagar and Fire Service & Civil Defense jointly shared the lead with maximum 6 points each in the First Division Chess League at the end of the 3rd round yesterday. In the 3rd round Sonali Bank beat Chess Club Knight F3 by 2.5-1.5 points, Sultana Kamal Smirity beat Basir Memorial Chess Club by 3-1 points, Fire Service beat Farashganj Sporting Club by 2.5-1.5 points, Protiva Daba Goshthi beat Mohakhali Pradip Sangah by 2.5-1.5 points and Agrani Bank Limited Daba Dal beat Destiny 2000 Limited by 3.5-0.5 points. –RM

n Reuters, London

DRU annual sports held Mushfiqur Rahman of Diganta Television was crowned the champion while Saner Soukat of Daily Sun emerged as the runner-up in badminton of the Dhaka Reporters Unity Annual Sports. The shooting event was also held on the same day in which Manik Miyazi of Dhaka Tribune clinched the number one spot while Atiqur Rahman of Daily Sangbad finished runners-up. Both the events were held at Tajuddin Ahmed Indoor Stadium yesterday. –MUK

Warner’s Trott comments ‘disrespectful’: Cook

England captain Alastair Cook branded Australian batsman David Warner “disrespectful” on Sunday after a tempestuous final couple of days in the first Ashes test at the Gabba. Australia won the contest by 381 runs to take a 1-0 series lead after a day punctuated by chatter and finger-pointing between the two sides in the middle. But it was Warner’s comments in the press conference on Saturday, that under-pressure England’s batsman Jonathan Trott’s dismissal had been “weak”, that attracted Cook’s ire. “I think for any professional cricketer, really, yeah,” he said when asked if the comment was disrespectful. “On the pitch it’s pretty much a war, isn’t it anyway? So there’s always going to be a few words on the pitch. Cook said he thought the testiness between the two teams was the result of playing back-toback Ashes series this year, a measure taken to take the Australia hosted series out of its place in the calendar next to the limited overs World Cup. –Reuters

Xavi returns, Adriano out of Ajax trip Injury-ravaged Barcelona will be bolstered by the return of Xavi Hernandez for their Champions League visit to Ajax on Tuesday, but will be without full-back Adriano. The Brazilian suffered a twisted ankle in Saturday’s 4-0 win over Granada that saw the Catalans maintain their three-point lead at the top of La Liga. Xavi missed that game due to a hamstring strain but took part in training on Sunday and will travel with the squad to Amsterdam. Coach Gerardo Martino is still without the services of Lionel Messi, Victor Valdes, Jordi Alba and Dani Alves. However, the four-time European champions have already sealed their place in the last-16 of this year’s competition and need just a point from their remaining two games to guarantee finishing top of Group H. –AFP

Vettel ends season on record high in Brazil

Sebastian Vettel ended the 2013 Formula One season in typically record-breaking style on Sunday when he claimed a commanding victory in the Brazilian Grand Prix ahead of his retirement-bound Red Bull team-mate Mark Webber. It was Vettel’s ninth successive victory since the Hungarian Grand Prix at the end of July, his 13th of the season and the 39th of his career. This meant he extended his own record of consecutive wins in a season, equalled Italian Alberto Ascari’s historic record of nine straight wins stretched across two seasons from 1952-1953 and also equalled fellow-German Michael Schumacher’s total for one season, set with Ferrari in 2004. Webber came home second, 10.452 seconds behind the 26-year-old four time champion, with in third two-time champion Fernando Alonso of Ferrari. –AFP

DAY’S WATCH Star Sports 4 2:00AM English Premier League West Brom v Aston Villa Star Sports HD 1:45AM Italian Serie A Roma v Cagliari Star Sports HD 2 3:00AM Malaga v At Bilbao


Monday, November 25, 2013

Manchester City's Alvaro Negredo (2nd L) celebrates his goal with his teammates against Tottenham Hotspur during their English Premier League match at the Etihad Stadium in Manchester, northern England yesterday REUTERS

Rampant Manchester City shredded the Premier League’s meanest defence with a 6-0 thrashing of Tottenham Hotspur on Sunday while Manchester United’s surge up the table stalled after a 2-2 draw at Cardiff City. Sergio Aguero and Jesus Navas struck twice for City who have scored 13 goals in their last two home games. Hapless Tottenham conceded as many in one match as they had in their previous 11 league outings. A sixth home win in six put Manuel Pellegrini’s team in fourth place on 22 points. United were poised to move above them when they led Cardiff in south Wales with goals from Wayne Rooney and Patrice Evra. The visitors were then denied a fourth consecutive league victory when Kim boKyung’s late header earned Cardiff a deserved share of the spoils to leave United in sixth spot with 21 points, seven behind leaders Arsenal. Oddly Tottenham enjoyed territorial superiority against City but having fallen behind after 15 seconds they were ripped apart by a home side bursting with goalscoring potential. City were gifted the lead staright from the kickoff when Tottenham played the ball back to Hugo Lloris but the France keeper hit his clearance straight to Aguero. Lloris, playing for Spurs for the time since suffering concussion against Everton at the start of the month, parried the Argentine striker’s effort but the ball

rolled to Navas whose chip curled over the out-of-position keeper. It was the second fastest goal of the season after the wind-assisted one scored by Stoke City goalkeeper Asmir Begovic against Southampton in 13 seconds.


Cardiff City 2-2 Man United Campbell 33, Rooney 15, Kim 90+1 Evra 45 Man City 6-0 Tottenham Navas 1, 90+2, Sandro 34-og, Aguero 41, 50, Negredo 55 West Ham


Chelsea Lampard 21-P, 82, Oscar 34

Another poor clearance by Lloris led to the second goal after 34 minutes when Younes Kaboul’s clearance from Aguero’s shot cannoned in off Tottenham midfielder Sandro. Aguero’s deft finish just before halftime effectively killed off Spurs and when he and Alvaro Negredo both produced superb finishes early in the second half the Londoners were in danger of suffering their worst Premier League defeat. Villas-Boas gave striker Emmanuel Adebayor his first appearance of the season after the break but Tottenham’s goalshy attack rarely threatened City goalkeeper Costel Pantilimon, again selected in place of England’s Joe Hart. Navas ran through alone to complete the rout in stoppage-time. While City appear to be on the up despite some poor away results, Tottenham, who have managed a meagre nine goals in 12 league games, have slipped to ninth with 20 points. l

Siddikur’s finishes 55th Juventus go top, Milan held at home n in World Cup debut Reuters

n Tribune Desk Bangladeshi ace golfer Siddikur Rahman settled for tied 55th position yesterday after ending his maiden ISPS HANDA World Cup campaign in style by holing a bunker shot for birdie on the 18th hole for a 73. Siddikur, the first man from Bangladesh to qualify for the $8m event, started the final day with a double-bogey and then posted two birdies along with equal number of bogeys at the Royal Melbourne Club. The tenacious golfer, currently third on the Asian Tour’s Order of Merit, raised loud cheers around the 18th green when he holed a magical shot from out of the greenside bunker for a birdie and 298 total. “It was nice to hole out from the bunker,” said the Bangladeshi. “It’s a great course, which I’ve never played anything like this in my life before and also the greens were really so different. I couldn’t putt but I’m glad I played in this World Cup. My game is still there,

I’m hitting it good but I just couldn’t deal with the putts. “If I can maintain my game, and keep playing better on the Asian Tour, I’m looking forward to playing more World Cups and also in the Olympics in Rio De Janeiro in 2016,” he said. Meanwhile, Australia’s Jason Day won the individual and team titles to complete an emotional week at the Royal Melbourne Golf Club. At the start of the week, Day, who is half Filipino, revealed that he had lost eight family members following the aftermath of Typhoon Haiyan in the Philippines, but he rode on his emotions to win the individual category with a winning total of 10-under-par 274 after closing with a one-under-par 70. The Australians won the team title by a massive 10 shots from the American team of Matt Kuchar and Kevin Streelman while Japan’s Hideto Tanihara and Ryo Ishakawa shared third place with Denmark’s Bjorn and Torbjorn Olesen. l

Sinisa Mihajlovic was denied a winning start as Sampdoria coach when his 10-man side conceded a goal with the last kick of the game to draw 1-1 with Lazio in a scrappy but dramatic Serie A match on Sunday. Defending champions Juventus went top, at least until AS Roma host Cagliari on Monday, by winning 2-0 at Livorno with goals from Fernando Llorente and Carlos Tevez while Udinese slowed Fiorentina’s progress with a 1-0 win. Juventus lead after 13 games with 34 points, two more than Roma, with Napoli third on 28. The famously volatile Mihajlovic took charge of his first Sampdoria match five days after quitting his previous job with Serbia, where he had been at the helm for 18 months. He returned to coaching in Italy almost exactly two years after leaving Fiorentina amid protests by the club’s supporters which included ethnic taunts.

On a soggy pitch, lowly Sampdoria had Nenad Krsticic sent off 18 seconds into the second half for a nasty lunge at Cristian Ledesman but Lazio, without an away win all season, failed to take advantage. Llorente fired Juventus in front at














Soriano 67

Zaza 63, Berardi 67 Immobile 10, El Kaddouri 34, 61, Moretti 59


Llorente 63, Tevez 75


Cana 45+4

Leto 50

Heurtaux 34







Kaka 4


Lazarevic 90+2


Gilardino 8-pen


Cassano 81

Livorno with a superb volley in the 63rd minute and then laid off the ball for former Manchester City and United forward Tevez to rifle home 12 minutes later. Fiorentina stayed fifth with 24 points when Thomas Heurtaux scored to give Udinese a 1-0 win. The pressure was heaped on coach Massimiliano Allegri on Saturday after AC Milan continued their dreadful run of Serie A form with a 1-1 home draw against 10-man Genoa. Elsewhere, a late goal from Antonio Cassano snatched a surprise 1-0 win for Parma at Napoli. Milan were showered with boos and whistles after dropping to 11th place in the table on 14 points. Napoli were sunk by Cassano as Rafa Benitez’s side were punished for a sloppy display that could have become a rout. Cassano was in superb form and set up a number of chances for his less clinical team mates. Parma moved up to 10th after Cassano’s classy low strike from outside the area nine minutes from time sparked talk of a 2014 World Cup callup.l

Sammy punishes butter-fingers India Debutants spur Pakistan n Agencies

Darren Sammy hit a brilliant 63 off 45 balls to take West Indies to a well-deserved win over India in the second ODI. The right-hander hit the winning runs as the visitors reached 289-8 with three balls to spare. But India’s horrid day in the field allowed West Indies the luxury of several lives and could perhaps be put down as the ultimate cause of defeat. Skipper Mahendra Singh Dhoni dropped three catches, Yuvraj Singh dropped Lendl Simmons on 45 and Dwayne Bravo was also given a fair share of chances. The heavy dew on the field in the second innings didn’t help the bowlers either. A lot of full tosses were bowled and Sammy took full advantage of them. This wasn’t the typical Sammy innings. He usually looks to go for the big shots from the beginning but he held himself back today and made the Indians pay. At one point, 185-5 and given their recent form looked pretty much out of it. But then Simmons and Sammy laced together an 82-run partnership in just 12.3 to bring the West Indies roaring back into the match. Opener Kieran Powell got 59 and Bravo got 50 as well. Earlier Virat Kohli missed out on a hundred by just one run before skipper Mahendra Singh Dhoni’s fiery knock propelled India to a challenging 288 for seven. Electing to bowl, unsure of how the wicket would behave after two

days of incessant rains, the West Indies kept India under pressure for most of the time but the hosts scored 62 runs off the last five overs to steal the thunder from the Caribbeans. Sammy played a brilliant knock to take WI to victory. BCCI Sammy played a brilliant knock to take WI to victory. BCCI But once again captain cool Dho-

BRIEF SCORE West Indies 289 for 8 (Sammy 63*, Simmons 62, Powell 59, Darren Bravo 50, Ashwin 2-37) beat India 288 for 7 (Kohli 99, Dhoni 51*, Rampaul 4-60) by 2 wickets

ni stood to the task with an unbeaten 51, his 50th ODI half-century, to give India a decent total to defend. Dhoni slammed three sixes and four boundaries in his 40-ball knock in an entertaining 47-run seventh wicket partnership with R Ashwin. Kohli showed how to do it with ease and finesse. He took the path of the singles and doubles with the occasional boundaries. He ran for 53 ones and five twos with only nine fours to inch one run shy of a third hundred here. It was then perhaps that the elegant Indian batsman lost his patience briefly as paceman Ravi Rampaul denied him a well-deserved century. l

West Indies skipper Darren Sammy reacts after they beat India in the 2nd ODI in Visakhapatnam yesterday AP

to victory in first ODI n AFP, Cape Town Debutants Bilawal Bhatti and Anwar Ali spurred Pakistan to victory after their team had been in deep trouble in the first one-day international against South Africa at Newlands on Sunday. The newcomers shared an eighth wicket stand of 74 to rescue Pakistan from a precarious 131 for seven, then shared five wickets as Pakistan won by 23 runs. Pakistan made 218 for nine in their 50 overs after winning the toss. Despite a half-century from returning veteran Jacques Kallis, South Africa were bowled out for 195. Bhatti (39) and Ali (43 not out) prospered after Pakistan’s recognised batsmen struggled against a strong South African pace attack. With Jacques Kallis returning for his first one-day international since February 2012, South Africa applied relentless pressure as Pakistan struggled. But Bhatti and Ali went for their shots to keep their side in the game. Steyn took three for 33 and Morkel three for 39, while Philander claimed one for 37. Nasir Jamshed and Ahmed Shehzad put on 49 for the first wicket but Steyn dismissed Jamshed in the 16th over and followed up with the wicket of Mohammad Hafeez, both caught in the slips. Pakistan’s leading batsmen were unable to build any substantial partnerships and could not lift the scoring rate. But Bhatti

and Ali, both playing in their first oneday internationals, put on 74 off 70 balls. Bhatti made 39 off 25 balls, hitting three fours and two sixes, while Ali hit six fours in a 55-ball 43 not out.

BRIEF SCORE Pakistan 218 for 9 (Ali 43*, Bhatti 39, Steyn 3-33) beat South Africa 195 (Kallis 50, Duminy 49, Bhatti 3-37) by 23 runs South Africa suffered an early blow when Hashim Amla exposed his leg stump and was bowled by Junaid Khan in the third over of their innings. Graeme Smith followed in the next over, stumped by Umar Akmal off Mohammad Hafeez. Batting with calm assurance, Kallis reached 50 for the 103rd time in oneday internationals but was then bowled by Ali, edging an in-swinging delivery from Ali off the bottom of his bat into the stumps. When David Miller edged Ali to Akmal, South Africa were 123 for six. JP Duminy made 49 before he was caught behind, attempting a reverse sweep against Saeed Ajmal and Bhatti claimed the last two wickets to seal a memorable win for the tourists, who were beaten 4-1 by the same opponents in a recent series in the United Arab Emirates. Bhatti finished with three for 37, while Ali took two for 24. l



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Monday, November 25, 2013


On 24th of every month, they mourn n Adil Sakhawat November 24 marks one year of the terrible fire at Tazreen Fashions, a garment factory in Nischintapur area of Ashulia, and seven months into the deadly collapse of Rana Plaza at Savar that took place on April 24. The 24th day comes every month, but sufferings of the survivors, and family members of the missing and deceased workers remain unheeded. On this day, they gather on the premises of the two buildings; they did it again yesterday and demonstrated under the banners of different workers’ bodies and left-leaning organisations. Most of them lost the only bread earners of the family, while many survivors lost their limbs for which they will not able to work anymore in future. Bangladesh Garments Workers Federation and Bangladesh Garments Workers Solidarity organised programmes on Rana Plaza premises and Tazreen Fashions demanding actual compensation and arrest of Tazreen’s owner Delwar Hossain. They also demanded a complete list of missing workers. Around 1,000 survivors and family members of the missing and deceased workers gathered at the two places. They also brought out a rally on Dhaka-Aricha highway and paid tribute to the deceased workers at the Rana Plaza premises. At Savar, the victims’ family members alleged that they had not got any

financial support from the prime minister. They said they had already spent a lot of money to prepare documents. They also expressed anxiety why only some family members had been given compensation. Coordinator of BGWS Taslima Akhter said: “The government officials say the number of missing workers from Rana Plaza collapse is 379, the army says 261, but we found 291 graves at Jurain graveyard. Show us the actual number of missing workers of these two incidents.” Kanchon Mala, Kamal Hossain and Amina khatun used to work at Phantom Apparels of the 3rd floor of Rana Plaza. Their family members told to this reporter that despite being parents of the deceased, they had to hear from Dhaka Medical College Hospital authorities that the DNA reports did not match. Those victims family showed original documents to the Dhaka tribune. Prof Anu Muhammad of Jahangirnagar University told the Dhaka Tribune: “We have estimated that the amount of relief gathered in the prime minister’s fund are enough to provide compensation to the survivors and families of the deceased workers. “If those money is provided properly, the victims’ families will get Tk4.8m each while the survivors Tk2.4m. But we cannot understand why our honourable prime minister is yet to announce the compensation in these two incidents,” he added. l

Relatives of Rana Plaza victims burst into tears as they hold pictures of their loved ones yesterday during a Bangladesh Garment Sromik Shonghoti procession in front of the collapsed Rana plaza building on the day of first anniversary of Tazreen Fashion’s fire incident MAHMUD HOSSAIN OPU

Compensate identified Tazreen victims by 15 days: HC n Nazmus Sakib The High Court yesterday directed authorities to pay Tk700,000 to the not yet compensated families of 14 victims of the Tazreen Fashions tragedy within 15 days. The bench of justices Quazi Reza-Ul Hoque and ABM Altaf Hossain passed the order after the Criminal Investigation Department placed its report be-

fore the court. Earlier, the writ petitioners submitted an additional list of 25 missing garment workers as an addition to the 111 people killed in the fire. Deputy Attorney General Biswojit Roy read out the CID report that said the police could trace 18 people from the list — six were identified through DNA test, two were still alive, nine could not be identified through DNA

test and for the other no relatives could be found yet. The other seven could not be traced, he said. Biswojit was asked to communicate with the government regarding the compensation. If the compensations were not paid, the bench would make clear who would have to pay, said Justice Reza-Ul. The bench asked three anthropologists, the writ petitioners and their

Ministers given time to leave official houses Abductors kill class VI n student for ransom Mohosinul Karim

The outgoing ministers and state ministers who already resigned from their posts will get a one-month duration to leave quarters allocated for them as cabinet members of the government. Meanwhile, none of the newly-appointed ministers and state ministers has requisitioned any official residences which are allotted by the Department of Public Accommodation (DPA) under the Housing and Public Works Ministry. The cabinet division on Sunday issued a letter to the ministry asking it to ready some living quarters for the new ministers. Dr Ashraful Islam, director of the DPA, told the Dhaka Tribune they were yet to get any message from the outgoing ministers who will leave their official residences. He said the ministers will get a one-

month duration to vacate their houses. In reply to whether the DPA will ask any ministers or state ministers to leave their government quarters, Ashraful Islam said, “We have no plan like this. The ministers will hand those accommodation over to the Public Works Department – supervising authority of official residences of the ministers.” The accommodation will be renovated immediately after they left it and then be allocated to the new ministers, he said. Asked if any of the newly appointed ministers requisitioned an accommodation, the DPA director, also a joint secretary to the civil administration, said none of them had requested yet. “We are waiting to get their request,” said Ashraful. The cabinet division yesterday issued a letter to the Public Works Ministry requesting it to get ready some quarters for allocating those to the new

ministers, said a source in the cabinet. Kazi Nishat Rasul, a senior assistant secretary to the cabinet division, signed the letter. But Dr Ashraf yesterday said he was yet to get any letter from the cabinet division. According to the Public Works Ministry, former primary and mass education minister Afsarul Ameen, state minister for primary Motaher Hossain, fisheries and livestock minister Abdul Latif Bishwas and food minister Abdur Razzaque have already left their official houses. Earlier on Thursday, the cabinet division issued two different orders vacating 30 posts of ministers and state ministers and reshuffling the offices of 20 existing ministers and state ministers. The newly-appointed eight ministers and state ministers were entrusted with portfolios on the same day. l

n Our Correspondent, Jessore The sad demise of a minor child made the air of Jhikargachha upazila heavy with the wailing of the victim’s relatives, villagers and classmates after the body of Riazul Islam Miraz was taken to his village from Jessore Medical College Hospital in the afternoon. Abductors killed the student of class VI of BM High School under Jhikargachha upazila in Jessore for a ransom of Tk2.5m. The body of the victim was recovered by the police on Saturday evening. The deceased Riazul Islam Miraz, 11, was the only son of Mizanur Rahman, a businessman of Laujani village under Jhikargachha upazila in Jessore. He was abducted on Wednesday. Emdadul Haque Sheikh, officer

in-charge, Kotwali police station, told journalists that police recovered the body of Miraz from a bush on the bank of a canal at Narangali under Kotwali police station on Saturday evening. Syed Kamruzzaman, officer-in-charge, Jhikargachha police station, said abductors demanded ransom from the victim’s father after kidnapping the boy from near his residence at Laujani under Jhikargachha. A general dairy was lodged with the police station by the father, he added. Kotwali OC also said the body was taken to the residence of the deceased after post mortem in Jessore Medical College Hospital on Sunday. No case was lodged and none was arrested in this connection, he added. l

16-member interim pay commission formed n Asif Showkat Kallol The government formed a 16-member Pay and Service Commission 2013 headed by former government of Bangladesh Bank Mohammed Farashuddin. The newly-formed pay commission will recommend a pay structure for civil servants within seven months. The pay commission will have three permanent members, a member secretary and 11 non-permanent members. The finance ministry formed an interim pay commission instead of a permanent one because of legal complications at the fag-end of present government tenure, Finance Secretary Fazle Kabir told Dhaka Tribune yesterday. He also said they gave the outline of the permanent pay commission in the prime minister’s proposal. The circular of pay scale has been delayed due to the last-time change to the names of permanent pay commission members, he also pointed out. Farashuddin told Dhaka Tribune yesterday: “I will talk to the media after I start working.” Additional Secretary Tapan Kumar Karmokar of finance ministry issued a three-page circular on the pay and service commission. The commission will start its operation from December 17, 2013 and it will

submit report on salaries and allowance of the government staff within six months of its operation, according to the circular. As per the circular, former government of BB Mohammed Farashuddin is the permanent chairman of the commission and the three permanent members of the pay commission are Muhammad Abul Kasham, former local government secretary Sheikh Khurshid Alam and former controller of accountant Md Sahad Chowdhury. Member secretary of the commission is Public Administration Ministry Additional Secretary Md Eashnul Hoq. Earlier on November 19, an official of the finance ministry said Muhith had taken the prime minister’s consent on the interim commission. On Wednesday, Muhith said they had already selected the people for the posts but “we have to settle a few other things before giving them appointment”. Announcement of the decision to form a permanent pay commission was warmly greeted by 1.3 million public servants who have long been demanding such a body. Muhith made the announcement less than a month after the government on October 6 awarded 20% dearness allowance for public officials and employees just three months ahead of the next general elections. l

counsel Md Asaduzzaman to assist the court by providing a research work on the International Labour Organisation’s method to compensate labours. “As the labourers are being compensated without any standard, we have to set the standards by delivering a judgement,” Justice Reza-Ul observed. The High Court later fixed January 5 for the next hearing. l

Court unhappy at prosecution in Manzoor murder case

n Md Sanaul Islam Tipu

A Dhaka court yesterday partly recorded the prosecution side’s argument in connection with the Major General Abul Manzoor murder case. Dhaka First Additional District and Sessions’ Judge Hosne Ara Akter also set January 22 for hearing further argument from the prosecution side. The court also expressed dissatisfaction at arguments placed by Public Prosecutor Ahaduzzaman Khan Rochi, and wondered why the lawyer did not have the minimum preparation for the argument session. The main accused of the case former president HM Ershad, Major (retd) Emdadul Islam and Lt Col (retd) Mostafa Kamal Uddin Bhuyain were present before the court during the argument. Earlier on November 20, Judge Hosne Ara Akter recorded the argument of the defence side. The case is being held in a special court at Nazimuddin Road, adjacent to Dhaka Central Jail. General Manzoor was killed in 1981 after the assassination of BNP founder and military leader Ziaur Rahman; the murder case was filed in 1995; and the charge sheet was submitted in court the same year. The other accused in the case were Lieutenant Colonel (retd) Mostafa Kamal Uddin Bhuiyan, Lieutenant Colonel (retd) Shams, and Major General (retd) Adbul Latif. According to the trial documents, 28 out of 49 witnesses, including investigation officer Abdul Kahar Akand, testified before the court. The court had previously granted bail to all of the accused. l

Man handed over to police for producing fake certificate to HC

n Nazmus Sakib Indiscriminate parking of vehicles by the ruling party leaders who came to the Ganabhaban to attend a discussion with the premier, caused traffic congestions on the adjoining roads yesterday MAHMUD HOSSAIN OPU

SQC lawyer Fakhrul on 4-day remand n Md Sanaul Islam Tipu

A Dhaka court yesterday placed barrister AKM Fakrul Islam on a four-day remand in connection with the leaking of a verdict of the International Crimes Tribunal. Dhaka Metropolitan Magistrate Md Emdadul Haque passed the order after Investigating Officer Md Habil Hossain,

also a DB inspector, produced Fakrul before the court seeking a seven-day remand for his interrogation. Fakhrul’s junior lawyer Mehedi Hasan, who allegedly played the key role in the leakage, remains on the run. His barrister, Aminul Haque, filed a bail petition with a remand rejection petition. The accused requested the court to allow police to question him at jail gate.

But the court rejected his appeal. Fakrul - the lawyer for war crimes convict Salauddin Quader Chowdhury - was arrested at his office in the capital’s Kakrail area on November 20. The following day, another court ordered him to jail after rejecting a bail plea. Fakrul was charged under the Information and Communication Technology Act, 2006 on November 21. l

The High Court handed over one youth to police yesterday for producing counterfeit certification in a bid to prove that his wife was not underage. The bench of Justice Kazi Rezaul Haque and Justice ABM Altaf Hossain handed over Sohel Rana to Shahbagh police for his actions in an abduction case. Sohel allegedly fled with a girl and married her in Singra of Natore, prompting the girl’s father to file an abduction suit. However, the girl testified that she was not forced. Sohel failed to surrender to the court after a four-week anticipatory bail expired. He was handed over to police after he appeared before the court yesterday.l

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B2 Atiur: scams taint banks image

B3 Exports earn $2.11bn in October


Business www.dhakatribune.com/business

Hasina: Alert investors to stock market risks The advice comes at the fag end of tenure when market is yet to recover from the 2010 crash; PM lays foundation stone of BSEC building n Tribune Business Desk Prime Minister Sheikh Hasina yesterday asked the authorities to take more programmes to alert small and new investors about relevant laws and rules of the stock market to mitigate their investment risks. “I would like to ask all concerned to take more awareness-raising programmes for the small and new investors in the capital market so that they can understand the risks,” she told a meeting, after laying the plaque of foundation stone of Bangladesh Securities and Exchange Commission (BSEC) building at Bangabandhu International Conference Center (BICC) in Dhaka. She said careful investment can reduce the risk of capital, benefiting the investors, promoters and the economy. Finance Minister AMA Muhith and BSEC chairman Dr M Khairul Hossain addressed the function, reports agencies. The prime minister’s advice comes at the fag end of the government’s five-year tenure when the market went through a long recession since late 2010 allegedly due to scam, seriously affecting all the stakeholders from small investors to big ones like banks and financial institutions. Reportedly, the market crash also claimed few lives. The 10-storey BSEC building will be built at a cost of TK 438.6m entirely from the BSEC’s coffer. BSEC and Department of Housing and Public Works will implement the project by December 2015. Once completed, the building will have some 89,250 square feet of space with a multipurpose conference room, state-of-the-art library, a daycare center, a canteen, uninterrupted power supply and solar power. Hasina said a 10-year master plan has been formulated for the development of the capital market as well as to protect the interest of the investors as it was often seen that the small investors face problems for lack of knowledge about relevant laws, rules and regulations. She said if the master plan is implemented properly, it would be possible to avert the problems in future. She said the government is in the process of implementing a special package to protect the interests of the small investors of the share market. “They’re being given tax-weaving facilities and 20% quota while issuing new IPOs,” she said. Referring to the creation of a Tk50bn open-ended mutual fund (Bangladesh Fund), she said the face value of the share of all companies and mutual fund has been made Tk10 each.

Prime Minister Sheikh Hasina lays the plaque of foundation stone for BSEC building in Dhaka yesterday The Prime Minister said the delivery of the dividends and bonus shares has been made mandatory within 30 days of the approval of the board. She said steps have already been taken for the demutualisation of the Dhaka Stock Exchange (DSE) to separate its management

from the ownership aimed at making its activities transparent and accountable. A tribunal has been constituted for the speedy disposal of the cases relating to the capital market with setting up surveillance system, she added. “These steps have helped make the capital market stable brightening

its prospect in the global arena.” Hasina said the country’s economy has got a firm footing over the last five years due to relentless efforts of her government. The macro economy is now very much stable and its every index is progressing very positively. She said Bangladesh’s economy has maintained average annual economic growth of over 6% over the last five years despite the whole world was reeling on economic crisis. “Our export earnings will cross US$30bn at the end of this fiscal year.” The Prime Minister said her government has taken all necessary steps for interrupted export of readymade garments (RMG) despite many obstacles and conspiracy at home and abroad. “Our remittance is on the rise and reserve of the foreign exchange rose to US$17bn,” she said. She said the size of the country’s annual budget has grown up to Tk2.22trn from Tk 890bn in 2008 while local and foreign investment in both public and private sectors has increased substantially. l





Poultry sector faces Tk8bn loss n Tribune Report

Bangladesh Bank Governor Atiur Rahman at the Annual Banking conference yesterday in Dhaka


Atiur: Scams taint banks image n Tribune Business Desk Bangladesh Bank Governor Atiur Rahman yesterday said the central bank started introducing strategic changes in its existing supervision techniques for ensuring financial stability to check financial irregularities in the banking system. “Some recent financial irregularities in the state-controlled banks in particular threaten to taint the image of the Bangladeshi banking system and its regulator,” he said, inaugurating the Annual Banking Conference 2013 Bangladesh Institute of Bank Management (BIBM) organised in Dhaka. As part of its effort in ensuring good corporate governance in bank management, monitoring has been enhanced in the areas of responsibility and accountability of the board of directors including the chairmen, directors and the chief executives of the banks in financial, procedural, administrative and policy-related issues, said the governor. He said internal control structure of the banks has been sought to be strengthened and attempts are also being made to streamline the process of risk identification, measurement and mitigation in the light of best international practices, reports BSS. “With the massive digitisation of Bangladesh Bank and the banking sector, it is

expected that the existing and potential loopholes would be effectively plugged,” he added. While focusing on the BB’s activities he said the central bank has recalibrated its focus from traditional central banking to a comprehensive, all-encompassing effort at financial inclusion and financial stability in the last few years.

‘Over the last few years, Bangladesh Bank has been relentlessly pursuing to attain the expected economic growth through mass participation by emphasising on bringing a large segment of the population who are still un-served or underserved by the banking system into the network’ “Indeed, we believe that as the banking system greases the wheels of the economy, the wheels will accelerate more smoothly, the more well-oiled it is. At the end of the day, we will have more inclusive growth process which is of course, our ultimate objective,” he added. He said special stress was also given on adequate financing for agriculture and allied activities, small and medium scale enterprises and promoting environment-friendly

financing by the banks (green banking), introducing mobile banking and financial services throughout the country. No-frill bank accounts at a nominal cost has been introduced among farmers, the extreme poor, freedom-fighters and other deprived sections of the population, he said, adding that this has improved transparency in the administration of the government’s agricultural subsidies and other social safety net payments. The governor said mobile financial services guideline introduced by Bangladesh Bank is virtually revolutionising the process of faster financial inclusion, making strategic use of deeper penetration of mobile phone services in the country. “Already, the mobile financial services have surpassed 10 million accounts,” he added. “Over the last few years, Bangladesh Bank has been relentlessly pursuing to attain the expected economic growth through mass participation by emphasising on bringing a large segment of the population who are still un-served or underserved by the banking system into the network,” Atiur said. He said people like sharecroppers, women entrepreneurs, marginal farmers who did not have access to credit before are now getting credit facilities without hassles and at affordable interest rates. l

Rupali Bank to float mutual fund n Tribune Report State-owned Rupali Bank has planned floating a mutual fund of Tk2bn. It signed a “trust deed” with Investment

Modhumoti Bank opens new branch n Tribune Business Desk Modhumoti Bank Ltd opened a second branch at Modhumoti Amberkhana in Sylhet. The bank’s chairman Humayun Kabir formally inaugurated the branch as chief guest yesterday, said a press release. l

Corporation of Bangladesh recently on the proposed fund titled “Vanguard AML Rupali Bank Balanced Fund.” Of the total size of the fund, the bank will provide an amount of Tk400m as sponsor. l

Poultry industry has suffered a loss of Tk8bn during last two months due to hartals and political violence, said the sector leaders, fearing the loss will increase further if the situation continues and may exceed Tk10bn. They urged the political parties to settle present crisis centering polls-time government as soon as possible to save the sector. At a views exchange meeting with journalists in Dhaka yesterday, the leaders of Breeders Association of Bangladesh (BAB) made the call to the parties. “Please, save us from such grave situation,” said BAB president Moshiur Rahman who is also convener of Bangladesh Poultry Industries Coordination Committee (BPICC). He said the industry was already affected badly by bird flu where “the current political crisis has added to woes to the industry.” Hundreds of poultry farms across the country already shut down as they had failed to bear the shock of the situation, according to Moshiur Rahman. He said if there is no end to the political turmoil, around 30% more farms will be at risk of being closed. According to BAB general secretary Saidur Rahman Babu, hartals and blockades have pulled down the prices to the five-year low. “Farmers have to sell broiler chickens at a rate of Tk70-80 while the production is Tk110-120.” Saidur Rahman Babu told the journalists a day-old broiler chick was being sold at Tk20-25 against a production cost of at least Tk35. An egg was selling at Tk5-Tk5.5, but its production cost the owners Tk6-Tk6.50, he added. BAB vice-president Shamsul Arefin Khalid Anjon said vehicles carrying dayold-chicks (DOC), eggs, chickens and feed came under attacks during the hartals. “We had no option but to destroy around 1.4m to 2m DOCs at the hatcheries every week because of shutdowns called by political parties.” He urged the hartal enforcers to keep vehicles carrying poultry and feed out of hartals and blockade programmes. BAB assistant vice-president and secretary of Feed Industries Association Bangladesh (FIAB) Fazle Rahim Khan Shahriar said feed demand recently fell by 20-25% only because of political turmoil. During the strikes, the manufacturers would fail to satisfy the demand of their clients, he said. The situation has also led the poultry farm owners to depend on hand-made substandard feed for their chicks, affecting the farms’ productivity, said Fazle Rahim Khan Shahriar. “As there is scarcity of feed supply, the chickens’ weight has dropped to 700-800 gram, which was supposed to be around 1.5kg.” Shahriar said: “The stock-pile of poultry is rising at the factories and so do the bank interests.” l




Exports earn $2.11bn in October n Ibrahim Hossain Ovi The country’s export earnings rose to US$2.11bn in October, posting a 2% growth compared to the same month last year, showed Export Promotion Bureau data. According to the data, the export also registered 16.47% growth in the first four months of the current fiscal year. The earning in July-October period was $9.75bn compared to $8.36bn of last year. However, the October export is short of 6.23% of target, the figures showed, as the target was set at $2.26bn for the month. In October 2012, the export amounted to $2.07bn. During July-October 2013, the readymade

garment sector earned $7.88bn from exports making 19% growth. The figure totalled $6.63bn in the period last year. Knitwear and woven garments also registered 18% and 20% growths respectively to earn $4.02bn and $3.86bn. The frozen foods posted 44% while the leather sector made 50% growth in the exports. Jute and jute products export dropped 20%, raw jute 61%, home textile 6%, ships and boats 67% and rubbers 6% and tea 45%. When asked about the October export, CPD executive director Dr Mustafizur Rahman said: “As there were less working days in the month because of Eid-ul-Azha and Durga Puja, the export made less growth.” Centre for Policy Dialogue (CPD) execu-


tive director however predicted the country’s overall export growth would be better in November as the month has no such holidays. “But the continuous fall in jute and jute products export is a matter of a great concern,” he however emphasised. Abdus Salam Murshedy, president of Exporters Association of Bangladesh (EAB), said: “The RMG shipments have almost stalled due to political unrest.” He also mentioned less working days in October as reason for the slow growth of export. The government set $30.5bn export target for the current fiscal, which is around 13% higher than the last fiscal’s earning of $27.01bn. l



Stocks fall as profit booking continues n Tribune Report Stocks registered sharp fall yesterday, as investors preferred to book quick profits taking cue from the ongoing political upheaval. After rising 35 points in the morning, the benchmark DSEX index dropped 71 points or 1.7% to close at 4,324, extending the losing streak for the second consecutive session. The blue chip index DS30 was down 12 points or 0.8% to 1,531. The Chittagong Stock Exchange Selective Categories Index, CSCX, ended at 8,493, shedding 106 points to 8,493. Shaky confidence overpowered the market optimism, turning the investors into a profit-taking mode, said IDLC Investment in its market analysis. Investors booked profits mostly on banks, financial institutions and textiles that declined more than 2% each. Energy sector was the centre of trading as it made up 24% of total turnover, following positive earnings result. It was followed by textile sector that accounted for 21% of the day’s total turnover of Tk6.6bn, which was 9.5% lower than that of the previous session. Declining turnover compared to previous trading session indicating sellers’ unwillingness to sell stocks at lower prices, said Lanka Bangla Securities in its market analysis. It said textile, fuel & power and engineering sectors contributed 50% of the total turnover of the market. “Investors have probably booked some profit that they earned during last week.” If nothing extreme happens in the political field, it said, investors can expect market to get support in this zone. Nearly 78% of issue prices closed negative as out of 294 issues traded, 55 advanced, 229 declined and 10 remained unchanged. New comer Paramount Textile Ltd was the most traded stocks with a turnover of Tk282.6m changing hands, followed by Jamuna Oil, Generation Next Fashion, Bengal Windsor Thermoplastics Ltd, RN Spinning and United Airways. l

Rural poor women transition to employment n Tribune Report A World Bank aided poverty reduction project is in progress to economically empower poor and vulnerable women from northwestern region by facilitating their access to jobs in the ready-made garment sector. The project titled Northern Areas Reduction-of-Poverty Initiative (NARI) has started construction of dormitories and training centers in three designated sites in Dhaka, Karnaphuli and Ishwardi export processing zones, says a World Bank press release yesterday. The construction work is scheduled to be completed by February 2014 in Dhaka, March 2014 in Ishwardi and May 2014 in Karnaphuli EPZs. The civil works are progressing well and

the quality of construction is being diligently maintained, said the global lender. The NARI project will offer training, transitional housing, counselling and facilitate formal employments in garment factories for around 11,000 women from five northern districts - Gaibandha, Kurigram, Lalmonirhat, Nilphamari, and Rangpur. The selected candidates will be facilitated to find employment in three EPZs - Dhaka, Karnaphuli, and Ishwardi. Information Education and Communication (IEC) campaign will be launched in the five target districts by March 2014 to consult and communicate with target populations, select the candidates and bring them to the relevant EPZ sites by June 2014 when the training is scheduled to start. The transitional housing and training

facilities will help poor women adjust to migrant life and to their new found employment. The training centers will accommodate cohorts of 300 trainees; the trainings will be for three months period and technical curriculum would include training in cutting, sewing, and quality control. This training will allow women to enter factories as junior operators (semi-skilled workers) rather than helpers (unskilled workers). The trainees will also receive life skill training covering topics such as adjustment to city life, savings and remittances, safety and security, rights and responsibilities at the work-place, finding appropriate housing and contract negotiation and health among others. A stipend will be provided to trainees, mainly to teach them financial management

and food costs will be deducted from the stipends. The dormitories attached to the training center will accommodate 600 women for a transitional period of six months at a time. The feasibility assessment for the possible inclusion of Uttara EPZ in Nilphamari as a fourth EPZ in the project is underway and will be completed by December 2013. Baseline studies have been fielded in the five districts. A robust system for monitoring and evaluation and impact evaluation has been developed for the project. The World Bank has approved concessional IDA financing of US$29.29m for this project. All credits from World Bank are interest free and carry 0.75% service charge, with 40 years of maturity period where the first 10 years are grace period. l





Indian units of Pfizer and Wyeth to merge n Reuters, Mumbai Pfizer Ltd, the Indian unit of US drug maker Pfizer Inc, is to take over local affiliate Wyeth Ltd, they said on Saturday after their boards approved the deal. Shareholders of Wyeth will get seven Pfizer Ltd shares for every 10 shares held, requiring the issue of approximately 15.9 million new Wyeth shares, it said. Wyeth Ltd has a market capitalization of about $294m and is already owned 51.12% by Pfizer Inc, which in turn owns 63.57% of Pfizer Ltd, which has a market capitalization of $681m. Pfizer and Wyeth also announced on Saturday they would pay interim dividends of 360 rupees and 145 rupees per share respectively. Apart from the Indian business Pfizer Inc bought rival Wyeth in 2009, leaving their Indian units with separate stock market listings. Bank of America Merrill Lynch and Citigroup were advisors to Pfizer and Wyeth respectively, the statement added. l

Pedestrians walk past the world headquarters of Pfizer in New York


Euro zone mulls cheap loans as incentive for economic reforms n Reuters Euro zone states are considering cheap loans to member governments as an incentive to carry out painful economic reforms, an EU document showed, introducing a discussion on fiscal transfers. The proposal did not specify how exactly the loans could be financed, mentioning only a European Commission idea from March that it could be either through direct contributions from governments or through designating a new revenue source. The document, prepared by the chairman of European Union leaders Herman Van Rompuy, will form the basis of discussions between senior euro zone officials at a meeting in Brussels on Wednesday to prepare for next month’s European Union summit. The loans would be part of so-called contractual arrangements, which would be legally binding contracts with economic reform targets and milestones that trigger the payout of tranches of the agreed loan. The loans would be attractive because they would be offered at interest rates below those in financial markets. In that respect, they would amount to a degree of subsidized lending, ultimately amounting to a mutualising of risk among involved member states and a degree of financial transfer - an idea that Germany has long resisted. “Loans would imply only limited fiscal transfers across countries,” said the ninepage document, obtained by Reuters. “Indeed, the transfer element would be

limited to a lower interest rate than the market rate of most beneficiary member states, capturing the positive externality of the reforms for the EU as a whole,” it said. A mechanism for fiscal transfers would move the euro zone a step closer to a fiscal union, especially if the mechanism of loans for reforms were to form the nucleus of a euro zone budget, so far only cautiously referred to by policymakers as the euro zone’s “fiscal capacity”.

‘The proposal as submitted is hardly acceptable as it lacks clarity on how you finance such an instrument’

“The forms of support and means available could grow over time and come to constitute a financing capacity for the euro area,” the document said. However, chairman of euro zone finance ministers Jeroen Dijsselbloem, referring to such a broad idea in an interview with French daily Les Echos on Friday, was critical. “Modernizing the economy must be motivated from inside and I don’t believe for a second that big countries are going to undertake reforms in exchange for cheap loans or other such things, as Herman Van Rompuy is considering,” he told Les Echos. “But this subject needs to be discussed by

heads of state. These proposals look a bit like those on Eurobonds in my view,” Dijsselbloem said. “I’m not in favour because they would remove any incentive to run a healthy budget policy. Only differentials in the interest rates charged by the markets depending on the policies implemented can give the right signal. Let’s not repeat the same mistakes,” he said. To ensure a government delivers on the goals agreed in the contract, the loan could be paid out in tranches and the interest rate subsidy could be paid out only at the end of an agreed implementation phase. If the contract is breached, the euro zone could suspend payouts or even ask for its money back. To qualify, countries would have to draw up legally binding plans for reforms that would then be approved by other euro zone states. The conditionality would come on top of other macroeconomic programs such as the Stability and Growth Pact and the euro zone’s new budgetary oversight powers. The size of the loan would not be linked to the cost of reform and would be meant as general support for the economy. It is not clear what time-frame the loans would be offered for, or what the limit on the size of any loan would be. “The specific amount of financing would not be linked to the direct cost of reforms, which generally is difficult to measure,” the document said. “Financial support should be conceived

as an incentive or as general support to the overall economy rather than as a compensation for the specific cost of reforms as such, as well as a broader signal of European support to the economic reform agenda of each member state,” the document said. The loans would not be available to countries running excessive economic imbalances or currently under a bailout. However, an official briefed on the document said a country like Ireland, which is about to exit a program, could, for example, request a contract and if approved, benefit from the cheap loans. While there were no details on how the loans could be financed, one possibility, the official indicated, might be for the euro zone’s rescue fund, the European Stability Mechanism, to raise money on international markets and on-lend capital to a contracted member state, although the exact framework and process of the lending is yet to be finalized. Euro zone officials said that the lack of clarity on financing was the main weakness of the proposal and that discussions on it could only move forward once the issue was clarified. “The proposal as submitted is hardly acceptable as it lacks clarity on how you finance such an instrument,” one senior euro zone official said. “How are we going to finance this? From the EU budget? Because these won’t be small amounts ...” the official said, also pointing to the rise in public debt that such loans would entail. l




Counting the cost of currency risk in emerging bond markets n Reuters Once a source of rich returns for yield-hungry investors, emerging markets are hammering home a long-ignored truism: banking on currency strength to enhance returns on stocks and bonds is not a one-way ticket to profits. Currencies such as the rupiah and lira have slumped 10-20 percent this year as a seismic shift in global capital flows rattles even relatively robust markets, exacerbating international investors’ losses on the underlying assets. And as a long-term dollar uptrend gains momentum, fund managers are being forced to rethink their decade-long view of emerging currencies as an obviously strong bet. That means having to start actively managing exchange rate risk - and the cost of hedging may well make the underlying investment look far less attractive. So far this year, a strategy based on holding the lira, zloty, real, Mexican peso and rouble versus the euro, dollar and Swiss franc is losing 2.3%, Citi calculations show. Returns on the same trade in 2012 were almost 9% while full-year returns have been negative only three times in the index’s 12year history, in 2002, 2011 and 2008. “The volatility has been horrific on emerging currencies,” Marino Valensise, CIO of Barings Asset Management told the Reuters Investment Outlook summit this week. “We are perplexed by high volatility even on currencies such as Mexican peso which was brought down ... for no reason.”

In the past, fear of missing out on currency appreciation made investors reluctant to offset exchange rate exposure. But analysts say investors are now more open to discussing hedging. Valensise remains reluctant to hedge but acknowledges the risk, especially for emerging debt, where currency appreciation contributed up to half the annual return in some recent years. Currency volatility “is going to be an issue for investors in EM bond markets because the currency side is so big relative to the bond return,” he said. So a dollar-based investor who earned 8% yields on Indian bonds would still have plunged into loss due to the rupee’s 12% year-to-date fall versus the greenback. In many ways the currency weakness is hardly surprising. Growth in developing countries is slowing, exports are falling and once-famed current account surpluses are dwindling. And as the tide of global liquidity ebbs, over $30 billion has flowed out of emerging bonds alone in the past six months, according to data from fund tracker EPFR Global. “Everything out there is conspiring to weaken emerging currencies,” said Luis Costa, head of CEEMEA FX and debt strategy at Citi. “There’s been a big change in mindset ... Until this year FX was a source of alpha (enhanced returns) but now, if you hold local debt, the currency is the problem.” Derivatives markets indicate little respite. One-month implied volatilities, a gauge of how choppy a currency is likely to be, are

A money changer sells US dollars to a customer in the border city of Hatay

picking up again in currencies such as the Indonesian rupiah, Indian rupee and Turkish lira after easing in October. Risk reversals, which compare demand for options on a currency rising or falling, show similar bias. And in a vicious circle, hedging itself puts exchange rates under more pressure. Real money flows in forward transactions suggest a sharp increase in hedging this year, according to Citi. Flows passing through Citi trading platforms indicate that the zloty is the most hedged of the big emerging currencies, possibly reflecting its status as a proxy for eastern European risk, followed by Mexican peso and Turkish lira. Some of this is also down to multinational companies whose earnings are being eroded by emerging currency swings. Again, Citi has observed a 35% year-to-date rise in corporate FX hedging volumes. So far at least there are signs that big investors would rather hedge than exit bond positions altogether. “We’ll take currency exposure where we think there’s upside potential. But equally we have the flexibility to own the bond without owning the currency, or even being short the currency,” Goldman Sachs Asset Management’s EMEA CEO Andrew Wilson said. The drawbacks? First, stop-start moves in US yields mean that constantly positioning for a fall in emerging currencies can be costly. But more importantly, interest rate differentials between emerging and developed countries can make it ruinously expensive. l



Japan, US chipmakers in joint MRAM development: report n AFP, Tokyo More than 20 Japanese and US chip makers will jointly develop technology to mass-produce a next-generation semiconductor using MRAM (magnetoresistive random access memory), the business daily Nikkei reported yesterday. US chip giant Micron Technology and Tokyo Electron of Japan will lead the joint project, hoping to perfect the technology within three years and start mass production as early as 2018, the newspaper said without citing sources. MRAM is touted as the next frontier for computing memory over the current standard, DRAM (dynamic random access memory). The technology under development will have a memory capacity 10 times that of DRAM and reduce its electricity draw to about two-thirds that of the existing standard, Nikkei said. According to MRAM’s backers, the real-world benefits would include much faster computing times and lower power consumption, leading to longer-lasting batteries. The Nikkei said that other participants in the research project based at Tohoku University in Sendai, northern Japan, include Shin-Etsu Chemical, Renesas Electronics and Hitachi. Japan’s Toshiba and SK Hynix of South Korea are jointly developing MRAM in a separate project while South Korea’s Samsung Electronics is doing its own research on the new chip, the report said. l

China to start gold swaps trading today n Reuters China, set to overtake India this year as the world’s top gold consumer, will start gold swaps trading on the interbank market next week, giving more hedging tools for banks dealing in bullion. The Shanghai-based China Foreign Exchange Trade System will start gold swaps trading on November 25th, with the Shanghai Gold Exchange responsible for related settlement and delivery, the National Interbank Funding Center said in a statement on Friday. The start of gold swaps trading comes as China is taking steps to open up its gold market and increase financial investments. The Shanghai Futures Exchange launched simulated trading for gold and copper options on Tuesday. The central bank said in September it plans to raise the number of firms allowed to import and export gold and also ease restrictions on individual buyers of the precious metal. Chinese gold purchases will top 1,000 tonnes in 2013 due to a surge in demand for gold jewellery, bars and coins, according to World Gold Council forecasts. The amount is well ahead of India, bullion imports have fallen due to government restrictions aimed at supporting the currency and reducing a current account deficit. l





DSEBroadIndex:4324.70⇓1.62%,Turnover:6590.40M.Tk⇓9.49%,PE:13.31 Turnover7,273.91MTk.⇓10.56% 24 November 2013 MarketCap.2,085.08BTk.⇓1.40% CSEAllShareIndex:13431⇓1.29%,Turnover:683.51MTk.⇓19.71%,PE:13.14 Combined Turnover Leader

CompanyCode | EPS | BV | Volume Traded (Share) DSE/CSE: ClosePrice ⇓/⇑ Chn % | Avg.Price | Hi / Lo

BANK ABBANK | 2.95 | 32.60 | Vol. 732603 D: 27.50 ⇓ 1.79% | 27.70 | 30.50 / 25.50 C: 27.30 ⇓ 2.85% | 27.59 | 28.70 / 27.20 CITYBANK | 1.15 | 25.97 | Vol. 991474 D: 21.30 ⇓ 3.18% | 21.58 | 24.00 / 20.00 C: 21.40 ⇓ 2.73% | 21.58 | 22.60 / 21.00 IFIC | 1.10 | 18.34 | Vol. 2487092 D: 33.20 ⇓ 4.32% | 33.87 | 38.00 / 31.80 C: 33.60 ⇓ 3.72% | 34.23 | 37.00 / 33.00 ISLAMIBANK | 3.78 | 27.16 | Vol. 249291 D: 36.60 ⇓ 0.27% | 36.49 | 37.00 / 33.10 C: 36.30 ⇓ 0.55% | 36.21 | 36.50 / 35.70 NBL | 1.05 | 15.76 | Vol. 2656616 D: 12.70 ⇓ 1.55% | 12.79 | 13.50 / 11.90 C: 12.80 ⇓ 0.78% | 12.83 | 13.10 / 12.70 PUBALIBANK | 1.92 | 21.18 | Vol. 376684 D: 31.20 ⇓ 1.58% | 31.29 | 32.00 / 29.80 C: 31.40 ⇓ 0.63% | 31.37 | 32.30 / 31.00 RUPALIBANK | 6.70 | 64.27 | Vol. 55130 D: 65.10 ⇓ 2.98% | 65.62 | 73.00 / 64.00 C: 66.10 ⇓ 1.34% | 66.56 | 67.20 / 66.10 UCBL | 1.90 | 21.72 | Vol. 4608641 D: 24.80 ⇓ 3.50% | 25.17 | 26.00 / 23.70 C: 24.90 ⇓ 3.49% | 25.21 | 26.00 / 24.80 UTTARABANK | 3.42 | 26.97 | Vol. 727437 D: 31.80 ⇓ 2.15% | 32.06 | 33.00 / 30.00 C: 31.90 ⇓ 2.74% | 32.23 | 33.50 / 29.60 ICBIBANK | -1.60 | -13.03 | Vol. 168500 D: 6.20 ⇓ 1.59% | 6.28 | 6.40 / 6.10 EBL | 3.91 | 28.22 | Vol. 210680 D: 29.00 ⇓ 2.68% | 29.33 | 29.80 / 28.80 C: 28.80 ⇓ 1.71% | 29.07 | 29.50 / 28.80 ALARABANK | 2.03 | 14.91 | Vol. 3901287 D: 19.40 ⇓ 5.37% | 19.90 | 21.00 / 19.00 C: 19.50 ⇓ 4.88% | 19.93 | 20.60 / 19.00 PRIMEBANK | 2.89 | 22.40 | Vol. 85770 D: 24.50 ⇓ 1.61% | 24.75 | 25.70 / 23.90 C: 25.00 ⇑ 0.40% | 24.92 | 25.00 / 23.00 SOUTHEASTB | 1.89 | 22.66 | Vol. 1568498 D: 18.10 ⇓ 3.72% | 18.42 | 20.00 / 17.00 C: 18.20 ⇓ 3.70% | 18.46 | 19.10 / 18.20 DHAKABANK | 1.46 | 18.08 | Vol. 453498 D: 19.60 ⇓ 2.97% | 19.81 | 20.70 / 18.50 C: 19.70 ⇓ 2.48% | 19.77 | 20.20 / 19.60 NCCBANK | 1.90 | 15.88 | Vol. 1259956 D: 14.30 ⇓ 2.72% | 14.49 | 15.00 / 13.30 C: 14.20 ⇓ 3.40% | 14.41 | 15.00 / 14.00 SIBL | 2.05 | 14.47 | Vol. 892781 D: 14.10 ⇓ 2.76% | 14.27 | 15.00 / 13.10 C: 14.10 ⇓ 3.42% | 14.31 | 14.70 / 14.00 DUTCHBANGL | 11.57 | 54.27 | Vol. 18010 D: 98.90 ⇓ 1.10% | 99.23 | 105.0 / 98.20 MTBL | 1.17 | 17.27 | Vol. 171030 D: 16.30 ⇓ 0.61% | 16.46 | 16.80 / 15.00 C: 16.20 ⇓ 1.22% | 16.80 | 16.90 / 16.20 STANDBANKL | 2.33 | 14.41 | Vol. 1007743 D: 15.10 ⇓ 2.58% | 15.35 | 15.70 / 14.10 C: 15.30 ⇓ 2.55% | 15.37 | 15.80 / 15.20 ONEBANKLTD | 2.35 | 15.34 | Vol. 2339353 D: 16.70 ⇓ 3.47% | 17.01 | 18.40 / 16.00 C: 16.90 ⇓ 2.87% | 17.08 | 18.00 / 16.80 BANKASIA | 1.35 | 20.80 | Vol. 376250 D: 18.90 ⇓ 2.07% | 19.10 | 19.60 / 18.00 C: 19.20 ⇓ 2.54% | 19.40 | 19.60 / 19.10 MERCANBANK | 2.07 | 16.59 | Vol. 2654592 D: 16.20 ⇓ 3.57% | 16.46 | 18.00 / 16.00 C: 16.20 ⇓ 3.57% | 16.44 | 17.50 / 16.00 EXIMBANK | 1.80 | 14.31 | Vol. 1145237 D: 13.30 ⇓ 2.21% | 13.47 | 14.50 / 12.30 C: 13.30 ⇓ 2.92% | 13.49 | 13.80 / 13.00 JAMUNABANK | 2.47 | 18.56 | Vol. 341678 D: 16.40 ⇓ 1.20% | 16.57 | 16.80 / 16.10 C: 16.40 ⇓ 0.61% | 16.45 | 16.70 / 16.30 BRACBANK | 1.51 | 24.87 | Vol. 653545 D: 31.70 ⇓ 1.86% | 32.05 | 32.80 / 30.00 C: 31.60 ⇓ 3.36% | 32.05 | 32.90 / 31.50 SHAHJABANK | 2.61 | 14.47 | Vol. 676079 D: 17.90 ⇓ 0.56% | 17.99 | 19.10 / 16.50 C: 18.00 ⇓ 1.10% | 18.04 | 18.40 / 17.90 PREMIERBAN | 1.18 | 13.95 | Vol. 982606 D: 12.20 ⇓ 2.40% | 12.40 | 13.60 / 11.70 C: 12.30 ⇓ 2.38% | 12.47 | 13.80 / 12.00


TO M. Tk.

% of TTL

Avg. P




Paramount Textile Ltd.-N


Jamuna Oil -A





Generation Next Fashions-A





Bengal Windsor-N





R. N. Spinning-A




TRUSTBANK | 0.50 | 18.00 | Vol. 137459 D: 19.60 ⇓ 2.49% | 19.77 | 20.40 / 18.10 C: 19.60 ⇓ 2.49% | 19.71 | 21.00 / 19.50 FIRSTSBANK | 1.85 | 13.89 | Vol. 1979616 D: 16.10 ⇓ 4.17% | 16.45 | 17.00 / 15.50 C: 16.30 ⇓ 4.68% | 16.54 | 17.00 / 16.20 NON BANKING F I IDLC | 4.43 | 29.18 | Vol. 337952 D: 60.40 ⇓ 2.89% | 61.02 | 63.50 / 56.50 C: 61.30 ⇓ 2.70% | 61.72 | 62.50 / 60.00 ULC | 1.80 | 14.90 | Vol. 370874 D: 29.50 ⇓ 3.59% | 30.08 | 31.60 / 28.00 UTTARAFIN | 7.16 | 41.54 | Vol. 200895 D: 81.50 ⇓ 2.04% | 82.14 | 84.70 / 79.00 C: 81.50 ⇓ 3.44% | 81.63 | 82.60 / 81.30 MIDASFIN | 0.16 | 10.21 | Vol. 2500 D: 29.70 ⇓ 6.31% | 29.60 | 29.80 / 29.60 FLEASEINT | 2.34 | 13.93 | Vol. 1168210 D: 30.30 ⇓ 3.19% | 30.82 | 31.80 / 29.00 C: 30.30 ⇓ 4.11% | 31.14 | 32.40 / 30.10 PLFSL | 1.37 | 17.48 | Vol. 755001 D: 24.40 ⇓ 2.40% | 24.77 | 26.00 / 22.90 C: 24.60 ⇓ 1.99% | 24.92 | 25.50 / 22.60 PRIMEFIN | 0.87 | 17.88 | Vol. 343450 D: 24.90 ⇓ 1.58% | 25.12 | 25.70 / 23.50 C: 24.90 ⇓ 1.97% | 25.07 | 25.50 / 24.70 PREMIERLEA | 0.10 | 11.37 | Vol. 123000 D: 10.10 ⇓ 1.94% | 10.24 | 10.40 / 10.10 C: 10.50 ⇑ 0.00% | 10.46 | 10.60 / 10.40 ISLAMICFIN | 1.03 | 15.48 | Vol. 978107 D: 16.90 ⇓ 2.87% | 17.10 | 17.60 / 15.70 C: 17.00 ⇓ 2.30% | 17.26 | 17.70 / 16.90 LANKABAFIN | 1.61 | 31.07 | Vol. 610106 D: 55.10 ⇓ 2.82% | 55.78 | 57.90 / 51.20 C: 55.70 ⇓ 1.42% | 55.79 | 56.50 / 55.30 BIFC | 0.15 | 18.58 | Vol. 156465 D: 16.90 ⇓ 1.17% | 17.06 | 17.50 / 15.80 C: 17.00 ⇓ 0.58% | 17.02 | 17.10 / 16.90 IPDC | 1.23 | 19.43 | Vol. 217260 D: 18.80 ⇓ 1.57% | 18.97 | 19.30 / 17.90 C: 18.60 ⇓ 2.62% | 18.61 | 18.70 / 18.50 UNIONCAP | 0.54 | 17.85 | Vol. 90444 D: 29.30 ⇑ 2.09% | 29.18 | 29.90 / 26.50 C: 28.50 ⇓ 0.35% | 28.67 | 30.00 / 27.00 BDFINANCE | 0.57 | 14.77 | Vol. 129104 D: 18.70 ⇓ 1.58% | 18.87 | 20.00 / 17.30 C: 18.90 ⇑ 0.00% | 18.92 | 19.00 / 18.20 ILFSL | 0.35 | 12.19 | Vol. 623795 D: 14.90 ⇓ 2.61% | 15.16 | 15.50 / 14.20 C: 15.00 ⇓ 1.96% | 15.24 | 15.60 / 15.00 PHOENIXFIN | 2.46 | 19.39 | Vol. 446123 D: 33.30 ⇓ 2.63% | 33.86 | 35.00 / 31.00 C: 33.10 ⇓ 3.22% | 33.19 | 33.50 / 33.10 FASFIN | 0.19 | 13.56 | Vol. 419835 D: 14.00 ⇓ 2.10% | 14.17 | 15.00 / 13.30 C: 14.10 ⇓ 1.40% | 14.17 | 14.40 / 14.00 DBH | 4.47 | 21.27 | Vol. 97075 D: 55.20 ⇓ 1.08% | 55.38 | 56.30 / 54.00 NHFIL | 0.57 | 12.70 | Vol. 381500 D: 30.30 ⇓ 3.50% | 30.78 | 31.80 / 30.10 C: 30.40 ⇓ 4.40% | 30.54 | 31.00 / 30.20 BAYLEASING | 0.72 | 25.55 | Vol. 389886 D: 29.10 ⇓ 2.02% | 29.51 | 30.10 / 27.20 C: 29.20 ⇓ 2.01% | 29.56 | 30.10 / 29.10 ICB | 89.23 | 607.74 | Vol. 6331 D: 1525 ⇓ 1.80% | 1536 | 1550 / 1521 GSPFINANCE | 1.63 | 22.23 | Vol. 351324 D: 25.60 ⇓ 4.12% | 26.01 | 26.90 / 24.10 C: 26.10 ⇓ 2.25% | 26.20 | 26.50 / 26.00 FAREASTFIN | 0.68 | 13.64 | Vol. 1117500 D: 14.10 ⇓ 2.08% | 14.23 | 14.60 / 14.10 C: 14.10 ⇓ 2.76% | 14.22 | 14.70 / 14.00 INVESTMENT 1STICB | 75.63 | 942.30 | Vol. 500 D: 859.7 ⇓ 2.14% | 860.00 | 879.1 / 850.0 2NDICB | 44.10 | 253.11 | Vol. 400 D: 251.5 ⇑ 0.40% | 252.50 | 252.0 / 251.0 3RDICB | 26.16 | 235.16 | Vol. 1200 D: 200.5 ⇓ 0.25% | 200.83 | 200.6 / 200.5 4THICB | 29.24 | 229.24 | Vol. 1300 D: 206.6 ⇑ 4.71% | 206.92 | 208.8 / 205.0 5THICB | 23.45 | 188.92 | Vol. 1300 D: 158.0 ⇑ 3.00% | 157.69 | 159.0 / 157.9 6THICB | 10.99 | 60.14 | Vol. 28200 D: 53.70 ⇓ 1.65% | 53.33 | 54.70 / 53.10








Modern Dyeing-B

DSE Gainer




Olympic Ind.-A




Paramount Textile Ltd.-N




Al-Haj Textile -A




DSE Loser

G Harvest Agro-N




Rahima Food -A




GPH Ispat Ltd-A




ISN Ltd.-A





Midas Financing-Z




GBB Power Ltd-A



7THICB | 13.53 | 98.60 | Vol. 2000 D: 89.10 ⇑ 2.77% | 89.00 | 89.20 / 89.10 8THICB | 12.47 | 70.07 | Vol. 17500 D: 53.70 ⇑ 1.32% | 53.54 | 54.20 / 52.20 AIMS1STMF | 3.02 | 15.70 | Vol. 440750 D: 39.60 ⇓ 1.25% | 39.90 | 40.60 / 39.50 C: 40.00 ⇓ 0.74% | 40.01 | 40.40 / 39.80 ICBISLAMIC | 2.21 | 26.81 | Vol. 37500 D: 18.60 ⇓ 5.10% | 18.69 | 19.00 / 18.50 GRAMEEN1 | 6.26 | 33.23 | Vol. 273500 D: 45.00 ⇓ 1.75% | 45.27 | 46.50 / 44.90 C: 44.90 ⇓ 1.75% | 45.21 | 45.80 / 44.80 ICB1STNRB | 4.06 | 35.31 | Vol. 15000 D: 26.40 ⇑ 0.38% | 26.50 | 26.80 / 26.30 C: 26.80 ⇑ 2.29% | 26.80 | 26.80 / 26.80 ICB2NDNRB | 2.49 | 16.24 | Vol. 241500 D: 10.20 ⇓ 3.77% | 10.37 | 10.50 / 10.20 C: 10.30 ⇓ 1.90% | 10.30 | 10.30 / 10.30 GRAMEENS2 | 2.17 | 16.41 | Vol. 910250 D: 16.80 ⇓ 1.18% | 16.93 | 17.20 / 16.00 C: 16.90 ⇓ 1.17% | 16.91 | 17.10 / 16.80 1STPRIMFMF | 0.64 | 11.63 | Vol. 909500 D: 22.60 ⇓ 2.16% | 22.94 | 23.50 / 22.50 C: 22.70 ⇓ 1.30% | 22.93 | 23.30 / 22.60 EBL1STMF | 0.55 | 12.62 | Vol. 445064 D: 7.10 ⇓ 1.39% | 7.16 | 7.30 / 7.00 C: 7.10 ⇑ 0.00% | 7.11 | 7.20 / 7.00 ICBAMCL2ND | 0.60 | 12.12 | Vol. 69500 D: 6.10 ⇓ 1.61% | 6.20 | 6.20 / 6.10 C: 6.20 ⇓ 1.59% | 6.16 | 6.30 / 6.10 ICBEPMF1S1 | 0.52 | 11.32 | Vol. 168000 D: 6.10 ⇓ 3.17% | 6.22 | 6.30 / 6.10 C: 6.30 ⇓ 1.56% | 6.35 | 6.50 / 6.10 TRUSTB1MF | 0.75 | 11.65 | Vol. 892162 D: 7.60 ⇓ 1.30% | 7.76 | 8.00 / 7.30 C: 7.70 ⇓ 1.28% | 7.70 | 8.00 / 7.60 PRIME1ICBA | 0.42 | 11.18 | Vol. 314500 D: 5.80 ⇑ 0.00% | 5.82 | 6.00 / 5.70 C: 5.80 ⇓ 1.69% | 5.78 | 5.80 / 5.70 DBH1STMF | -1.12 | 10.15 | Vol. 335000 D: 5.90 ⇓ 3.28% | 6.01 | 6.10 / 5.90 C: 5.90 ⇓ 4.84% | 5.95 | 6.00 / 5.90 IFIC1STMF | 0.83 | 11.88 | Vol. 1242074 D: 6.80 ⇓ 2.86% | 6.89 | 7.10 / 6.50 C: 7.10 ⇑ 0.00% | 7.15 | 7.70 / 6.90 PF1STMF | 0.51 | 11.11 | Vol. 386500 D: 5.80 ⇓ 1.69% | 5.88 | 6.10 / 5.80 C: 6.00 ⇑ 0.00% | 5.97 | 6.20 / 5.80 ICB3RDNRB | 0.00 | 10.60 | Vol. 457000 D: 5.40 ⇓ 3.57% | 5.52 | 5.70 / 5.40 C: 5.40 ⇓ 3.57% | 5.42 | 5.50 / 5.40 1JANATAMF | 0.78 | 10.68 | Vol. 457000 D: 6.30 ⇓ 3.08% | 6.42 | 6.50 / 6.30 C: 6.30 ⇓ 1.56% | 6.39 | 6.50 / 6.30 GREENDELMF | -0.82 | 9.72 | Vol. 379000 D: 5.60 ⇓ 1.75% | 5.75 | 5.80 / 5.60 C: 5.60 ⇓ 1.75% | 5.65 | 5.80 / 5.60 POPULAR1MF | 0.77 | 11.38 | Vol. 1573198 D: 6.50 ⇑ 0.00% | 6.55 | 6.70 / 5.90 C: 6.50 ⇓ 2.99% | 6.53 | 6.70 / 6.50 IFILISLMF1 | 0.00 | 10.45 | Vol. 891000 D: 5.90 ⇓ 3.28% | 6.06 | 6.20 / 5.90 C: 6.00 ⇓ 3.23% | 6.00 | 6.10 / 5.90 PHPMF1 | 0.63 | 10.92 | Vol. 1178500 D: 5.80 ⇓ 3.33% | 5.94 | 6.10 / 5.80 C: 5.90 ⇓ 3.28% | 5.96 | 6.10 / 5.90 AIBL1STIMF | -0.07 | 9.25 | Vol. 7000 D: 7.10 ⇓ 1.39% | 7.11 | 7.20 / 7.00 C: 7.00 ⇓ 4.11% | 7.02 | 7.10 / 6.90 MBL1STMF | -0.16 | 9.08 | Vol. 168500 D: 6.50 ⇓ 1.52% | 6.54 | 6.60 / 6.50 C: 6.60 ⇓ 1.49% | 6.55 | 6.60 / 6.50 SEBL1STMF | 0.94 | 11.85 | Vol. 600050 D: 8.20 ⇓ 2.38% | 8.27 | 8.50 / 8.20 C: 8.30 ⇓ 2.35% | 8.32 | 8.40 / 8.20 EBLNRBMF | 1.07 | 10.88 | Vol. 500 D: 7.80 ⇑ 5.41% | 7.80 | 7.80 / 7.80 RELIANCE1 | 0.95 | 10.33 | Vol. 874500 D: 9.10 ⇑ 1.11% | 9.22 | 9.30 / 9.10 C: 9.10 ⇑ 0.00% | 9.13 | 9.30 / 9.10 LRGLOBMF1 | 0.45 | 10.78 | Vol. 246500 D: 6.80 ⇓ 4.23% | 7.02 | 7.20 / 6.80 C: 6.90 ⇓ 5.48% | 6.92 | 7.20 / 6.90 ABB1STMF | 0.92 | 10.63 | Vol. 283000 D: 7.40 ⇓ 3.90% | 7.55 | 7.70 / 7.40 C: 7.50 ⇓ 2.60% | 7.50 | 7.50 / 7.50

NLI1STMF | 1.17 | 12.22 | Vol. 554200 D: 9.30 ⇓ 3.13% | 9.46 | 9.70 / 9.00 C: 9.40 ⇓ 4.08% | 9.42 | 9.60 / 9.30 FBFIF | 1.30 | 10.27 | Vol. 2000 D: 9.30 ⇑ 4.49% | 9.30 | 9.30 / 9.30 NCCBLMF1 | 1.16 | 10.48 | Vol. 25500 D: 8.60 ⇓ 1.15% | 8.67 | 8.80 / 8.50 ICBSONALI1 | 0.00 | 10.39 | Vol. 838000 D: 8.60 ⇑ 0.00% | 8.63 | 8.80 / 8.50 C: 8.40 ⇓ 2.33% | 8.49 | 8.90 / 8.40 ENGINEERING AFTABAUTO | 4.29 | 52.65 | Vol. 450069 D: 105.9 ⇑ 0.19% | 105.61 | 107.1 / 100.0 C: 106.0 ⇓ 0.09% | 106.12 | 108.0 / 105.0 AZIZPIPES | 0.39 | -42.04 | Vol. 7450 D: 17.50 ⇑ 1.74% | 17.58 | 17.70 / 17.20 OLYMPIC | 5.23 | 14.73 | Vol. 742396 D: 165.0 ⇓ 26.67% | 164.80 | 165.0 / 144.7 C: 165.2 ⇓ 26.68% | 165.12 | 165.2 / 164.0 BDLAMPS | -5.31 | 37.07 | Vol. 11750 D: 132.1 ⇓ 0.97% | 131.40 | 132.9 / 130.2 C: 128.4 ⇓ 1.68% | 127.03 | 130.0 / 126.0 ECABLES | 2.04 | 18.87 | Vol. 49240 D: 80.30 ⇑ 5.66% | 80.60 | 81.70 / 76.00 C: 76.00 ⇑ 2.70% | 79.75 | 81.40 / 76.00 MONNOSTAF | 5.31 | 44.78 | Vol. 2600 D: 338.5 ⇓ 3.67% | 350.77 | 376.0 / 330.0 SINGERBD | 9.99 | 45.74 | Vol. 109987 D: 193.9 ⇓ 3.34% | 196.31 | 202.0 / 192.0 C: 194.2 ⇓ 3.38% | 196.06 | 200.0 / 192.0 ATLASBANG | 9.14 | 222.05 | Vol. 43584 D: 176.1 ⇓ 0.11% | 177.79 | 184.8 / 172.0 BDAUTOCA | -0.43 | 5.68 | Vol. 32250 D: 29.70 ⇓ 3.57% | 29.89 | 32.00 / 28.50 QSMDRYCELL | 1.06 | 52.31 | Vol. 311749 D: 35.90 ⇓ 4.52% | 36.37 | 38.50 / 35.50 C: 35.80 ⇓ 4.53% | 35.97 | 36.40 / 35.20 RENWICKJA | 5.77 | -31.13 | Vol. 10750 D: 151.4 ⇓ 3.26% | 153.58 | 157.0 / 150.6 NTLTUBES | 0.67 | 311.00 | Vol. 52820 D: 71.90 ⇓ 4.77% | 72.70 | 75.00 / 71.00 BDTHAI | 0.43 | 39.35 | Vol. 372934 D: 26.80 ⇓ 2.90% | 27.27 | 28.30 / 25.00 C: 27.00 ⇓ 3.23% | 27.52 | 28.50 / 26.90 ANWARGALV | 0.52 | 8.10 | Vol. 186500 D: 23.20 ⇓ 1.69% | 23.60 | 24.70 / 23.00 C: 23.50 ⇓ 2.49% | 23.59 | 24.00 / 23.30 KAY&QUE | -3.89 | 6.03 | Vol. 3000 D: 15.30 ⇓ 1.29% | 15.20 | 15.40 / 15.30 C: 14.70 ⇓ 9.82% | 14.70 | 14.70 / 14.70 RANFOUNDRY | 2.84 | 18.62 | Vol. 35500 D: 84.70 ⇓ 2.08% | 85.59 | 86.90 / 84.00 C: 86.90 ⇓ 8.53% | 86.93 | 89.30 / 85.50 SALAMCRST | 3.31 | 20.00 | Vol. 1118520 D: 44.90 ⇑ 1.81% | 45.50 | 46.60 / 43.00 C: 44.50 ⇑ 0.45% | 45.32 | 46.50 / 44.00 GOLDENSON | 3.70 | 28.70 | Vol. 2412475 D: 50.70 ⇓ 3.80% | 51.77 | 53.40 / 48.00 C: 50.20 ⇓ 4.92% | 51.12 | 53.00 / 49.30 BSRMSTEEL | 3.06 | 19.53 | Vol. 341625 D: 72.70 ⇓ 1.49% | 73.73 | 75.50 / 67.50 C: 72.90 ⇓ 1.75% | 73.57 | 75.00 / 72.60 NAVANACNG | 4.09 | 27.04 | Vol. 107104 D: 65.00 ⇓ 2.26% | 65.75 | 70.00 / 61.00 C: 65.50 ⇓ 2.53% | 65.71 | 66.50 / 63.00 DESHBANDHU | 0.26 | 10.67 | Vol. 590928 D: 17.90 ⇓ 2.72% | 18.16 | 18.50 / 17.50 C: 18.30 ⇓ 1.08% | 18.52 | 19.00 / 18.20 GPHISPAT | 2.11 | 15.27 | Vol. 1448010 D: 56.20 ⇑ 6.84% | 55.98 | 57.40 / 47.40 C: 55.50 ⇑ 5.31% | 55.85 | 56.90 / 53.50 BENGALWTL | 3.85 | 24.30 | Vol. 3753400 D: 60.70 ⇑ 0.33% | 59.63 | 62.40 / 56.80 C: 61.00 ⇓ 0.16% | 59.73 | 63.00 / 57.00 BDBUILDING | 1.33 | 12.70 | Vol. 1703000 D: 67.50 ⇑ 6.13% | 65.34 | 69.50 / 62.10 C: 68.10 ⇑ 8.44% | 65.46 | 69.00 / 60.10 NPOLYMAR | 2.38 | 32.89 | Vol. 146500 D: 52.60 ⇓ 2.41% | 53.26 | 55.20 / 52.00 C: 54.70 ⇑ 0.55% | 54.31 | 56.00 / 52.50 FOOD & ALLIED APEXFOODS | 2.54 | 90.81 | Vol. 40600 D: 88.60 ⇓ 4.01% | 89.76 | 93.70 / 88.50 C: 88.00 ⇓ 4.56% | 89.41 | 91.10 / 88.00

BANGAS | 7.20 | 50.27 | Vol. 85154 D: 451.6 ⇑ 2.26% | 452.82 | 458.9 / 430.0 C: 452.1 ⇑ 2.31% | 451.91 | 460.0 / 445.0 BATBC | 65.69 | 117.22 | Vol. 530 D: 1670 ⇓ 2.32% | 1668 | 1690 / 1615 GEMINISEA | 10.88 | 9.69 | Vol. 850 D: 175.4 ⇓ 2.34% | 175.29 | 179.0 / 175.0 NTC | 29.88 | 110.05 | Vol. 1500 D: 805.0 ⇓ 1.02% | 805.00 | 805.0 / 805.0 ZEALBANGLA | -28.94 | -221.34 | Vol. 2500 D: 7.70 ⇓ 6.10% | 7.60 | 7.90 / 7.50 AMCL(PRAN) | 6.85 | 57.14 | Vol. 57650 D: 189.2 ⇓ 1.87% | 191.84 | 196.1 / 180.0 C: 191.9 ⇓ 0.26% | 191.88 | 194.0 / 188.4 SHYAMPSUG | -45.77 | -396.49 | Vol. 500 D: 7.10 ⇓ 2.74% | 8.00 | 7.20 / 7.10 RAHIMAFOOD | 0.52 | 4.45 | Vol. 754000 D: 38.70 ⇓ 9.79% | 40.16 | 43.90 / 38.70 C: 39.10 ⇓ 9.91% | 40.05 | 43.90 / 39.10 FUWANGFOOD | 0.94 | 12.28 | Vol. 697420 D: 22.30 ⇓ 3.46% | 22.62 | 23.90 / 22.20 C: 22.50 ⇓ 3.43% | 22.78 | 23.50 / 21.90 MEGHNAPET | -0.50 | -1.52 | Vol. 19000 D: 6.70 ⇑ 4.69% | 6.74 | 7.00 / 6.60 MEGCONMILK | -7.48 | -23.70 | Vol. 38000 D: 6.90 ⇓ 4.17% | 6.97 | 7.10 / 6.80 BEACHHATCH | 1.01 | 12.48 | Vol. 1147804 D: 21.80 ⇑ 1.87% | 22.08 | 22.60 / 20.00 C: 21.90 ⇑ 1.86% | 22.18 | 22.60 / 21.50 FINEFOODS | 0.05 | 10.63 | Vol. 325000 D: 17.80 ⇓ 1.66% | 18.17 | 19.00 / 17.60 C: 18.00 ⇓ 3.23% | 18.22 | 18.50 / 17.90 RDFOOD | 0.91 | 16.84 | Vol. 1412344 D: 23.90 ⇓ 3.63% | 24.22 | 26.00 / 22.50 C: 23.80 ⇓ 3.64% | 24.09 | 25.00 / 23.60 GHAIL | 2.31 | 24.36 | Vol. 2040190 D: 43.50 ⇑ 7.14% | 43.01 | 43.70 / 36.80 C: 43.70 ⇑ 7.64% | 43.18 | 43.80 / 36.70 FUEL & POWER LINDEBD | 31.71 | 144.00 | Vol. 11800 D: 617.6 ⇓ 2.71% | 621.27 | 629.9 / 609.0 PADMAOIL | 27.62 | 79.74 | Vol. 406901 D: 336.4 ⇓ 0.68% | 338.73 | 346.0 / 310.0 C: 333.9 ⇓ 1.04% | 335.84 | 344.9 / 330.1 EASTRNLUB | 5.33 | 71.01 | Vol. 250 D: 351.5 ⇑ 1.24% | 352.00 | 353.0 / 345.8 BDWELDING | 0.33 | 16.82 | Vol. 604815 D: 21.20 ⇓ 2.75% | 21.69 | 23.10 / 20.00 C: 21.70 ⇓ 0.91% | 22.00 | 22.50 / 21.50 SUMITPOWER | 3.17 | 19.26 | Vol. 2491464 D: 39.60 ⇑ 3.13% | 39.97 | 40.80 / 35.00 C: 39.70 ⇑ 3.39% | 40.09 | 40.80 / 39.00 DESCO | 2.34 | 31.27 | Vol. 295083 D: 60.00 ⇓ 1.48% | 60.43 | 61.20 / 57.00 C: 61.00 ⇓ 1.13% | 61.85 | 65.90 / 60.90 POWERGRID | 2.19 | 63.69 | Vol. 102735 D: 55.80 ⇓ 1.06% | 55.90 | 56.50 / 54.00 C: 55.80 ⇑ 0.54% | 55.78 | 56.50 / 55.50 JAMUNAOIL | 21.81 | 72.05 | Vol. 1188136 D: 245.9 ⇑ 2.37% | 246.24 | 248.0 / 230.0 C: 247.4 ⇑ 2.66% | 247.55 | 250.0 / 245.4 MPETROLEUM | 25.61 | 71.11 | Vol. 668087 D: 285.1 ⇑ 0.81% | 284.48 | 295.0 / 270.0 C: 286.3 ⇑ 1.27% | 284.90 | 288.0 / 280.0 TITASGAS | 9.20 | 46.26 | Vol. 694390 D: 75.80 ⇓ 1.04% | 75.96 | 77.00 / 69.00 C: 75.40 ⇓ 1.44% | 75.75 | 76.50 / 75.20 KPCL | 4.73 | 15.86 | Vol. 425347 D: 50.80 ⇑ 0.40% | 51.57 | 52.00 / 46.50 C: 51.20 ⇑ 1.59% | 51.26 | 52.00 / 50.10 BEDL | 1.48 | 19.43 | Vol. 2830542 D: 33.90 ⇑ 3.67% | 33.93 | 34.70 / 29.50 C: 33.60 ⇑ 2.44% | 33.87 | 34.30 / 33.10 MJLBD | 2.73 | 30.24 | Vol. 138597 D: 74.80 ⇓ 1.84% | 75.21 | 76.90 / 69.00 C: 74.20 ⇓ 2.50% | 74.72 | 75.70 / 74.00 GBBPOWER | 1.86 | 22.63 | Vol. 2898756 D: 31.70 ⇑ 6.38% | 31.36 | 32.60 / 27.00 C: 31.80 ⇑ 6.00% | 31.50 | 32.70 / 30.40 SPPCL | 3.81 | 23.34 | Vol. 1730870 D: 62.60 ⇑ 1.13% | 63.56 | 64.80 / 58.00 C: 62.70 ⇑ 0.97% | 63.83 | 65.00 / 61.40 JUTE JUTESPINN | -48.14 | -39.89 | Vol. 15300 D: 87.90 ⇓ 6.19% | 89.48 | 99.50 / 87.30





November 24, 2013 Sectotal Index: BANK: 38,149.47 ⇓ 2.16% NBFI: 20,749.65 ⇓ 2.04% INVS: 4,915.44 ⇓ 1.47% ENGG: 6,528.12 ⇑ 1.66% FOOD: 9,715.51 ⇑ 0.03% F&P: 10,668.08 ⇑ 0.43% TEXT: 3,498.96 ⇓ 2.32% PHAR: 18,110.15 ⇓ 1.39% PAPR: 1,045.56 ⇓ 2.10% SERV: 3,147.78 ⇑ 0.00% LEAT: 5,237.09 ⇓ 0.33% CERA: 514.82 ⇓ 1.57% CMNT: 4,309.11 ⇓ 1.81% INFO: 7,692.77 ⇓ 1.79% GINS: 9,452.51 ⇓ 0.82% LINS: 131,288.75 ⇓ 0.81% TELC: 1,367.87 ⇓ 1.89% MISC: 6,771.38 ⇓ 2.30% SONALIANSH | 5.54 | 218.80 | Vol. 10200 D: 136.1 ⇓ 2.02% | 137.75 | 144.0 / 135.1 TEXTILE AL-HAJTEX | 2.22 | 16.53 | Vol. 200000 D: 78.10 ⇓ 15.84% | 78.21 | 79.00 / 76.40 RAHIMTEXT | 4.65 | 56.68 | Vol. 542 D: 246.8 ⇑ 0.65% | 245.39 | 247.5 / 238.0 SAIHAMTEX | 2.75 | 29.50 | Vol. 792800 D: 28.80 ⇓ 3.68% | 29.24 | 30.10 / 28.80 C: 28.90 ⇓ 4.62% | 29.46 | 30.50 / 28.80 MODERNDYE | 0.91 | 10.37 | Vol. 3100 D: 98.10 ⇑ 9.98% | 98.10 | 98.10 / 98.10 DSHGARME | 0.88 | 12.12 | Vol. 36300 D: 66.10 ⇓ 5.44% | 67.44 | 71.00 / 65.00 DULAMIACOT | -1.90 | -29.70 | Vol. 5200 D: 7.50 ⇓ 5.06% | 7.50 | 7.80 / 7.50 TALLUSPIN | 1.75 | 16.17 | Vol. 2044400 D: 37.30 ⇓ 3.87% | 37.96 | 39.10 / 37.10 C: 37.50 ⇓ 4.34% | 38.13 | 39.50 / 37.30 APEXSPINN | 2.01 | 49.32 | Vol. 10000 D: 72.60 ⇓ 5.84% | 72.61 | 75.00 / 72.20 C: 80.90 ⇑ 6.45% | 80.85 | 82.90 / 78.80 MITHUNKNIT | 2.87 | 20.53 | Vol. 87140 D: 73.30 ⇓ 2.79% | 74.11 | 75.80 / 70.00 C: 73.50 ⇓ 2.91% | 74.09 | 75.00 / 73.30 DELTASPINN | 3.06 | 26.84 | Vol. 1176000 D: 30.50 ⇓ 5.86% | 31.09 | 32.30 / 30.00 C: 30.50 ⇓ 5.86% | 31.41 | 34.20 / 30.30 SONARGAON | 0.27 | 34.50 | Vol. 205025 D: 17.50 ⇓ 5.41% | 17.74 | 18.50 / 17.40 C: 17.50 ⇓ 5.41% | 17.82 | 18.20 / 17.50 PRIMETEX | 1.21 | 59.34 | Vol. 226000 D: 25.40 ⇓ 4.15% | 26.00 | 26.90 / 25.20 C: 25.40 ⇓ 3.79% | 25.46 | 26.10 / 25.00 ALLTEX | -1.26 | 8.10 | Vol. 173500 D: 7.20 ⇓ 1.37% | 7.30 | 7.50 / 7.20 C: 7.20 ⇓ 2.70% | 7.25 | 7.40 / 7.20 ANLIMAYARN | 1.36 | 11.99 | Vol. 220500 D: 26.10 ⇓ 4.04% | 26.55 | 27.70 / 25.90 C: 26.80 ⇓ 2.19% | 26.85 | 28.10 / 26.60 HRTEX | 2.08 | 14.92 | Vol. 197500 D: 36.10 ⇓ 4.50% | 36.68 | 37.80 / 36.00 C: 36.00 ⇓ 5.26% | 36.00 | 36.00 / 36.00 CMCKAMAL | 1.37 | 19.31 | Vol. 2682591 D: 32.70 ⇓ 2.68% | 33.75 | 35.00 / 31.00 SAFKOSPINN | 0.95 | 21.78 | Vol. 407739 D: 25.20 ⇓ 2.70% | 25.54 | 26.10 / 24.90 C: 25.40 ⇓ 3.42% | 25.78 | 26.00 / 25.10 SQUARETEXT | 4.32 | 31.82 | Vol. 78918 D: 92.10 ⇓ 0.86% | 92.47 | 93.90 / 89.90 C: 92.30 ⇓ 0.97% | 92.17 | 92.90 / 91.30 METROSPIN | 0.56 | 17.71 | Vol. 1407000 D: 20.90 ⇓ 5.43% | 21.60 | 22.70 / 20.70 C: 20.80 ⇓ 5.02% | 21.44 | 22.30 / 20.70 MAKSONSPIN | 0.16 | 20.55 | Vol. 3179229 D: 17.50 ⇓ 4.37% | 17.88 | 19.00 / 16.50 C: 17.70 ⇓ 3.28% | 17.93 | 19.00 / 17.60 DACCADYE | 1.02 | 28.44 | Vol. 1330591 D: 28.40 ⇓ 1.73% | 28.85 | 29.30 / 26.50 C: 28.60 ⇓ 1.04% | 28.91 | 29.50 / 28.50 RNSPIN | 2.80 | 16.58 | Vol. 5273790 D: 36.00 ⇓ 4.26% | 36.70 | 37.80 / 34.00 C: 36.10 ⇓ 4.24% | 36.64 | 38.00 / 35.00 BXSYNTH | 0.93 | 25.42 | Vol. 871339 D: 17.30 ⇓ 3.35% | 17.81 | 19.00 / 16.50 C: 17.30 ⇓ 3.89% | 17.58 | 18.40 / 17.20 MALEKSPIN | 2.81 | 43.48 | Vol. 3057420 D: 30.10 ⇓ 4.44% | 31.17 | 32.20 / 28.50 C: 30.10 ⇓ 4.14% | 30.90 | 32.00 / 29.50 ZAHINTEX | 1.20 | 31.07 | Vol. 398550 D: 27.40 ⇓ 2.14% | 27.90 | 28.40 / 27.20 C: 27.20 ⇓ 2.86% | 27.49 | 28.50 / 27.10 SAIHAMCOT | 1.92 | 23.62 | Vol. 1308600 D: 25.30 ⇓ 3.80% | 25.95 | 27.40 / 24.90 C: 25.40 ⇓ 3.79% | 26.08 | 26.70 / 25.00 GENNEXT | 1.68 | 15.15 | Vol. 7317020 D: 34.10 ⇓ 3.67% | 35.07 | 37.70 / 32.00 C: 34.10 ⇓ 3.40% | 35.06 | 36.40 / 33.80 ENVOYTEX | 3.19 | 39.00 | Vol. 1956900 D: 59.70 ⇑ 1.19% | 59.60 | 60.00 / 53.10 C: 60.00 ⇑ 1.52% | 59.76 | 60.60 / 59.00 ARGONDENIM | 1.89 | 38.86 | Vol. 749725 D: 68.50 ⇑ 1.33% | 68.54 | 70.00 / 61.00 C: 67.90 ⇑ 0.59% | 67.45 | 69.00 / 65.90 FAMILYTEX | 3.72 | 14.68 | Vol. 3048000 D: 52.00 ⇓ 3.53% | 50.46 | 54.00 / 50.00 C: 51.90 ⇓ 3.89% | 51.67 | 53.10 / 51.10 PTL | 2.25 | 21.72 | Vol. 6579250 D: 55.30 ⇑ 9.07% | 52.77 | 55.70 / 49.00 C: 55.40 ⇑ 9.92% | 53.28 | 56.00 / 48.00

AAMRATECH | 1.33 | 19.91 | Vol. 2273800 D: 37.40 ⇑ 3.03% | 37.98 | 39.10 / 34.00 C: 37.30 ⇑ 2.47% | 37.98 | 39.30 / 36.80

PHARMACEUTICAL & CHEMICAL AMBEEPHA | 3.94 | 26.15 | Vol. 8300 D: 259.5 ⇓ 0.35% | 261.54 | 266.9 / 258.0 C: 258.2 ⇓ 0.81% | 258.80 | 262.0 / 256.3 BXPHARMA | 3.77 | 52.55 | Vol. 458055 D: 47.90 ⇓ 1.44% | 48.24 | 50.00 / 45.00 C: 48.00 ⇓ 0.83% | 48.11 | 48.60 / 47.70 GLAXOSMITH | 20.25 | 123.32 | Vol. 300 D: 970.0 ⇓ 0.05% | 970.00 | 975.0 / 962.0 ACI | -5.82 | 126.42 | Vol. 103776 D: 172.5 ⇑ 0.17% | 173.08 | 179.0 / 165.0 C: 170.6 ⇓ 0.12% | 168.75 | 172.0 / 166.0 RENATA | 33.57 | 138.83 | Vol. 12805 D: 735.8 ⇓ 1.06% | 736.82 | 750.0 / 735.0 RECKITTBEN | 27.16 | 78.89 | Vol. 600 D: 891.4 ⇓ 0.90% | 891.67 | 901.0 / 875.0 PHARMAID | 1.39 | 26.19 | Vol. 27050 D: 161.7 ⇓ 1.52% | 162.37 | 165.0 / 158.3 KOHINOOR | 14.33 | 19.99 | Vol. 1505 D: 439.0 ⇑ 5.89% | 439.25 | 439.1 / 415.0 IBNSINA | 3.44 | 34.02 | Vol. 79700 D: 103.7 ⇓ 1.33% | 105.17 | 108.0 / 103.0 C: 104.2 ⇓ 1.70% | 104.11 | 105.8 / 103.8 LIBRAINFU | 4.21 | 1567.59 | Vol. 600 D: 420.3 ⇓ 4.48% | 420.00 | 444.0 / 407.1 ORIONINFU | 1.27 | 7.00 | Vol. 479400 D: 44.90 ⇑ 0.67% | 44.92 | 45.50 / 42.70 C: 44.80 ⇑ 0.45% | 44.85 | 45.60 / 44.40 SQURPHARMA | 6.93 | 37.18 | Vol. 616159 D: 191.9 ⇓ 2.29% | 192.57 | 205.0 / 180.0 C: 191.0 ⇓ 1.80% | 192.17 | 195.0 / 190.0 IMAMBUTTON | -1.51 | 4.16 | Vol. 13500 D: 7.40 ⇓ 2.63% | 7.41 | 7.50 / 7.30 KEYACOSMET | 1.55 | 21.54 | Vol. 4050959 D: 28.20 ⇓ 1.74% | 28.91 | 30.50 / 25.90 C: 28.40 ⇓ 1.05% | 28.97 | 29.70 / 28.00 BERGERPBL | 32.46 | 100.20 | Vol. 1500 D: 863.2 ⇑ 0.52% | 863.33 | 879.0 / 851.0 ACIFORMULA | 3.33 | 38.08 | Vol. 23500 D: 75.60 ⇓ 1.95% | 76.21 | 77.70 / 75.20 C: 75.30 ⇓ 2.46% | 76.85 | 77.00 / 75.30 MARICO | 27.53 | 62.47 | Vol. 10600 D: 761.7 ⇓ 1.15% | 759.72 | 772.0 / 756.0 C: 760.0 ⇑ 0.00% | 760.00 | 760.0 / 760.0 BEACONPHAR | 0.04 | 12.01 | Vol. 473275 D: 12.20 ⇑ 0.00% | 12.20 | 12.30 / 11.50 C: 12.20 ⇓ 0.81% | 12.31 | 12.50 / 12.20 ACTIVEFINE | 3.23 | 13.89 | Vol. 501823 D: 86.70 ⇓ 2.03% | 87.67 | 89.20 / 80.80 C: 86.40 ⇓ 2.70% | 87.33 | 88.50 / 86.20 SALVOCHEM | 0.68 | 10.57 | Vol. 1167898 D: 21.80 ⇑ 1.40% | 21.87 | 22.20 / 20.00 C: 22.00 ⇑ 1.85% | 21.99 | 22.30 / 21.50 GHCL | 2.14 | 57.31 | Vol. 1235250 D: 58.10 ⇑ 4.50% | 56.78 | 58.70 / 55.00 C: 58.50 ⇑ 4.65% | 57.76 | 59.40 / 55.30 ORIONPHARM | 5.02 | 68.68 | Vol. 1071120 D: 58.30 ⇓ 2.18% | 59.05 | 60.80 / 54.00 C: 58.30 ⇓ 2.51% | 58.89 | 60.70 / 57.60 JMISMDL | 1.12 | 12.83 | Vol. 107500 D: 195.6 ⇑ 1.35% | 196.99 | 204.6 / 194.0 C: 194.4 ⇑ 1.83% | 196.29 | 199.9 / 193.0 CENTRALPHL | 1.62 | 12.24 | Vol. 3771175 D: 34.60 ⇓ 1.14% | 34.39 | 35.10 / 31.50 C: 34.80 ⇓ 0.85% | 34.63 | 35.50 / 33.30 PAPER & PACKAGING HAKKANIPUL | 0.51 | 31.01 | Vol. 23000 D: 28.00 ⇑ 1.08% | 28.05 | 28.70 / 27.60 C: 28.30 ⇑ 2.91% | 28.30 | 29.00 / 28.00 SERVICE SAMORITA | 3.24 | 74.65 | Vol. 207506 D: 120.1 ⇓ 1.23% | 120.93 | 123.8 / 118.5 C: 122.4 ⇑ 1.58% | 121.83 | 123.9 / 117.0

SAPORTL | 1.23 | 38.39 | Vol. 1951413 D: 33.10 ⇑ 5.08% | 33.11 | 34.50 / 29.10 C: 33.20 ⇑ 4.73% | 33.29 | 34.00 / 30.10 EHL | 2.81 | 18.44 | Vol. 635859 D: 52.40 ⇓ 1.13% | 53.08 | 55.00 / 50.00 C: 52.70 ⇓ 0.94% | 53.29 | 54.00 / 52.10 LEATHER APEXTANRY | 6.57 | 69.38 | Vol. 91600 D: 116.4 ⇓ 2.51% | 118.41 | 121.0 / 115.1 C: 116.6 ⇓ 1.60% | 117.40 | 120.0 / 116.3 BATASHOE | 49.12 | 135.53 | Vol. 6400 D: 720.7 ⇓ 0.92% | 720.94 | 728.9 / 720.0 APEXADELFT | 23.01 | 203.26 | Vol. 44400 D: 379.2 ⇓ 2.39% | 383.13 | 392.0 / 378.1 SAMATALETH | 0.22 | 12.93 | Vol. 3500 D: 14.50 ⇑ 0.69% | 14.57 | 14.80 / 14.40 LEGACYFOOT | 0.63 | 17.19 | Vol. 288000 D: 33.30 ⇓ 2.92% | 33.85 | 35.50 / 33.00 C: 33.50 ⇓ 4.01% | 33.95 | 35.30 / 33.20 CERAMIC MONNOCERA | 0.35 | 95.30 | Vol. 47900 D: 31.70 ⇓ 3.06% | 32.48 | 33.20 / 31.50 C: 32.20 ⇓ 2.13% | 32.20 | 32.20 / 32.20 STANCERAM | 1.12 | 15.49 | Vol. 3000 D: 38.60 ⇓ 1.28% | 38.67 | 39.00 / 38.50 FUWANGCER | 0.65 | 12.70 | Vol. 590200 D: 17.80 ⇓ 3.26% | 18.09 | 18.50 / 17.80 C: 17.90 ⇓ 3.24% | 18.08 | 18.30 / 17.80 SPCERAMICS | 0.62 | 30.92 | Vol. 780969 D: 17.80 ⇓ 2.73% | 18.12 | 18.70 / 17.50 C: 17.80 ⇓ 3.26% | 18.00 | 18.60 / 17.40 RAKCERAMIC | 1.98 | 16.76 | Vol. 276396 D: 52.90 ⇓ 0.56% | 53.44 | 54.10 / 48.00 C: 52.70 ⇓ 0.57% | 52.93 | 54.00 / 52.60 CEMENT HEIDELBCEM | 22.85 | 111.50 | Vol. 158850 D: 391.1 ⇓ 1.54% | 390.19 | 398.0 / 387.5 C: 388.3 ⇓ 2.61% | 388.54 | 390.5 / 387.1 CONFIDCEM | 6.23 | 90.76 | Vol. 366704 D: 125.2 ⇓ 1.49% | 126.44 | 130.0 / 124.3 C: 125.0 ⇓ 1.65% | 125.52 | 128.1 / 124.8 MEGHNACEM | 6.28 | 33.81 | Vol. 74100 D: 126.4 ⇓ 3.07% | 127.86 | 129.9 / 125.5 C: 127.0 ⇓ 3.64% | 126.99 | 127.2 / 126.6 ARAMITCEM | 3.03 | 14.65 | Vol. 66000 D: 72.00 ⇓ 3.61% | 72.68 | 75.80 / 71.10 C: 71.00 ⇓ 4.05% | 72.00 | 73.00 / 71.00 LAFSURCEML | 1.60 | 7.22 | Vol. 460000 D: 31.70 ⇓ 1.55% | 31.98 | 32.40 / 31.70 C: 32.00 ⇓ 1.23% | 32.06 | 32.20 / 31.90 MICEMENT | 4.48 | 37.67 | Vol. 225469 D: 85.20 ⇓ 1.73% | 85.58 | 87.00 / 80.00 C: 85.40 ⇓ 1.16% | 85.59 | 86.50 / 85.20 PREMIERCEM | 5.00 | 32.60 | Vol. 175200 D: 103.2 ⇓ 1.05% | 104.24 | 107.0 / 102.9 C: 102.7 ⇓ 1.53% | 104.07 | 105.0 / 101.8 IT IINDUSTRIES ISNLTD | 0.28 | 17.31 | Vol. 176843 D: 17.60 ⇓ 6.88% | 18.05 | 19.10 / 17.50 C: 17.50 ⇓ 6.42% | 17.94 | 19.00 / 17.40 BDCOM | 1.40 | 14.41 | Vol. 423032 D: 26.00 ⇓ 2.62% | 26.30 | 27.10 / 24.50 C: 26.00 ⇓ 3.35% | 27.10 | 28.20 / 26.00 INTECH | 0.94 | 10.08 | Vol. 224316 D: 16.00 ⇓ 3.61% | 16.21 | 16.70 / 16.00 C: 16.00 ⇓ 4.19% | 16.10 | 16.70 / 15.90 AGNISYSL | 0.96 | 14.90 | Vol. 298000 D: 22.20 ⇓ 2.20% | 22.62 | 23.20 / 22.20 C: 22.30 ⇓ 3.04% | 22.69 | 23.20 / 22.20 DAFODILCOM | 0.85 | 10.99 | Vol. 1128000 D: 13.70 ⇓ 2.84% | 14.06 | 14.70 / 13.70 C: 13.80 ⇓ 3.50% | 14.10 | 14.60 / 13.70

GENERAL INSURANCE BGIC | 1.65 | 20.33 | Vol. 84203 D: 30.60 ⇓ 2.24% | 30.79 | 31.30 / 30.00 C: 30.80 ⇓ 1.60% | 30.87 | 31.00 / 30.80 GREENDELT | 4.05 | 64.44 | Vol. 68600 D: 81.80 ⇓ 2.04% | 82.14 | 83.70 / 81.60 C: 82.80 ⇓ 1.19% | 82.75 | 83.50 / 82.00 UNITEDINS | 2.47 | 21.04 | Vol. 18379 D: 45.10 ⇑ 0.00% | 45.38 | 46.50 / 42.00 PEOPLESINS | 2.05 | 20.72 | Vol. 681010 D: 37.20 ⇑ 4.79% | 37.59 | 38.90 / 34.00 C: 37.40 ⇑ 10.00% | 37.39 | 37.40 / 36.90 EASTERNINS | 2.22 | 35.88 | Vol. 14665 D: 39.10 ⇑ 0.00% | 39.01 | 39.50 / 36.50 C: 39.00 ⇑ 1.56% | 40.23 | 41.00 / 38.50 JANATAINS | 0.78 | 17.07 | Vol. 176750 D: 29.00 ⇑ 0.35% | 29.00 | 29.30 / 28.00 C: 29.10 ⇑ 0.69% | 29.07 | 29.80 / 28.70 PHENIXINS | 2.70 | 20.96 | Vol. 98939 D: 44.00 ⇓ 2.22% | 44.30 | 46.00 / 41.50 C: 44.10 ⇑ 0.23% | 44.15 | 44.20 / 44.10 EASTLAND | 4.06 | 23.29 | Vol. 291065 D: 50.10 ⇓ 0.20% | 50.72 | 52.30 / 45.20 C: 50.00 ⇓ 0.20% | 50.71 | 51.10 / 50.00 CENTRALINS | 1.54 | 19.04 | Vol. 18000 D: 31.10 ⇓ 1.27% | 31.17 | 31.50 / 30.70 KARNAPHULI | 1.56 | 19.42 | Vol. 96400 D: 25.00 ⇓ 1.19% | 25.31 | 25.60 / 25.00 RUPALIINS | 2.76 | 23.38 | Vol. 154100 D: 34.50 ⇓ 0.58% | 34.76 | 35.60 / 34.00 C: 34.60 ⇓ 1.14% | 34.78 | 35.00 / 34.20 FEDERALINS | 1.10 | 10.98 | Vol. 250713 D: 25.20 ⇓ 2.33% | 25.56 | 26.10 / 24.00 C: 25.40 ⇓ 1.93% | 25.53 | 25.80 / 25.30 RELIANCINS | 3.93 | 61.52 | Vol. 3000 D: 71.00 ⇓ 3.66% | 71.00 | 72.10 / 70.10 PURABIGEN | 1.05 | 18.71 | Vol. 247014 D: 24.60 ⇓ 1.60% | 24.87 | 25.40 / 24.50 PRAGATIINS | 2.01 | 50.30 | Vol. 27627 D: 60.00 ⇓ 0.99% | 60.31 | 63.00 / 59.90 C: 59.00 ⇓ 3.28% | 59.02 | 59.10 / 59.00 PRIMEINSUR | 2.14 | 14.14 | Vol. 64557 D: 33.60 ⇓ 0.59% | 33.72 | 34.10 / 33.00 PIONEERINS | 3.11 | 23.84 | Vol. 90202 D: 68.80 ⇓ 2.41% | 70.40 | 72.40 / 68.40 MERCINS | 1.53 | 14.50 | Vol. 117000 D: 28.90 ⇓ 0.69% | 29.04 | 29.80 / 28.60 C: 27.90 ⇓ 7.92% | 27.90 | 27.90 / 27.90 AGRANINS | 1.73 | 14.39 | Vol. 111621 D: 29.20 ⇑ 1.04% | 29.36 | 29.90 / 27.00 GLOBALINS | 1.09 | 11.78 | Vol. 39768 D: 29.50 ⇓ 0.67% | 29.55 | 29.70 / 28.00 NITOLINS | 2.59 | 15.41 | Vol. 64500 D: 34.60 ⇓ 1.14% | 35.03 | 35.50 / 34.50 C: 35.50 ⇓ 1.39% | 35.50 | 35.50 / 35.50 ASIAPACINS | 1.84 | 13.76 | Vol. 31500 D: 30.90 ⇓ 1.59% | 31.02 | 31.40 / 30.40 SONARBAINS | 1.68 | 13.38 | Vol. 189000 D: 26.20 ⇓ 1.13% | 26.23 | 26.70 / 25.90 C: 25.90 ⇓ 3.00% | 25.90 | 25.90 / 25.90 PARAMOUNT | 1.26 | 13.19 | Vol. 78651 D: 25.50 ⇓ 0.39% | 25.60 | 26.00 / 23.90 C: 25.90 ⇑ 0.00% | 24.00 | 25.90 / 25.90 CITYGENINS | 1.65 | 14.26 | Vol. 76860 D: 29.50 ⇓ 1.34% | 29.67 | 30.00 / 27.50 C: 29.40 ⇓ 1.67% | 29.44 | 29.50 / 29.40 CONTININS | 1.41 | 15.68 | Vol. 195711 D: 31.60 ⇓ 0.63% | 32.05 | 32.50 / 31.50 C: 31.90 ⇑ 0.95% | 31.97 | 32.20 / 31.90 TAKAFULINS | 2.19 | 15.17 | Vol. 276059 D: 41.60 ⇓ 0.72% | 41.78 | 42.40 / 38.00 C: 41.50 ⇓ 1.43% | 42.03 | 42.20 / 41.50 STANDARINS | 2.58 | 13.99 | Vol. 35900 D: 40.30 ⇓ 3.13% | 40.61 | 42.60 / 40.00 NORTHRNINS | 1.77 | 11.15 | Vol. 80000 D: 43.30 ⇓ 0.92% | 43.97 | 45.90 / 43.20 C: 43.50 ⇓ 1.14% | 45.04 | 47.40 / 43.40 REPUBLIC | 2.14 | 12.42 | Vol. 194623 D: 44.20 ⇓ 2.21% | 44.57 | 45.30 / 43.00 C: 44.30 ⇓ 1.99% | 44.93 | 46.00 / 44.20 ASIAINS | 1.56 | 17.34 | Vol. 38628 D: 28.50 ⇓ 1.38% | 28.58 | 29.80 / 27.50 C: 28.70 ⇓ 2.38% | 28.83 | 29.30 / 28.30 ISLAMIINS | 1.29 | 11.96 | Vol. 138500 D: 36.20 ⇑ 2.84% | 35.57 | 36.80 / 34.30

PROVATIINS | 1.90 | 14.30 | Vol. 133452 D: 29.10 ⇓ 5.21% | 29.45 | 30.70 / 28.00 C: 30.10 ⇑ 0.00% | 30.05 | 30.30 / 29.90 DHAKAINS | 2.84 | 18.02 | Vol. 107125 D: 42.70 ⇓ 2.73% | 43.00 | 43.70 / 42.50 C: 42.40 ⇓ 3.64% | 42.36 | 42.40 / 42.20 LIFE INSURANCE NATLIFEINS | 12.34 | 80.99 | Vol. 8579 D: 259.1 ⇓ 1.26% | 259.50 | 266.0 / 250.0 DELTALIFE | 38.53 | 189.40 | Vol. 26750 D: 334.1 ⇓ 4.13% | 340.20 | 375.0 / 332.0 C: 350.7 ⇓ 5.32% | 371.10 | 402.8 / 350.0 SANDHANINS | 2.39 | 28.22 | Vol. 57112 D: 74.60 ⇓ 0.93% | 76.33 | 77.50 / 71.00 C: 74.30 ⇓ 1.20% | 75.33 | 77.00 / 74.00 POPULARLIF | 3.70 | 715.41 | Vol. 240765 D: 234.0 ⇓ 5.11% | 243.97 | 250.0 / 231.0 C: 248.0 ⇓ 0.80% | 248.00 | 248.0 / 248.0 FAREASTLIF | 9.21 | 60.79 | Vol. 104279 D: 100.9 ⇓ 0.30% | 103.14 | 105.5 / 95.00 C: 101.4 ⇑ 0.40% | 101.76 | 103.0 / 101.1 MEGHNALIFE | 10.82 | 48.87 | Vol. 295378 D: 113.7 ⇓ 0.09% | 115.95 | 118.9 / 105.0 C: 115.0 ⇑ 1.77% | 115.55 | 117.0 / 110.1 PROGRESLIF | 2.30 | 31.45 | Vol. 20967 D: 114.9 ⇓ 3.28% | 115.47 | 124.9 / 110.0 PRAGATILIF | 0.60 | 30.15 | Vol. 67995 D: 160.5 ⇑ 1.45% | 159.29 | 168.0 / 143.0 PRIMELIFE | 5.51 | 27.10 | Vol. 23125 D: 98.70 ⇓ 2.85% | 99.85 | 102.0 / 98.60 RUPALILIFE | 3.75 | 31.25 | Vol. 122406 D: 111.8 ⇓ 1.76% | 113.45 | 118.8 / 105.0 C: 110.0 ⇓ 4.35% | 110.00 | 110.0 / 110.0 PADMALIFE | 1.63 | 25.76 | Vol. 86860 D: 59.00 ⇓ 0.67% | 60.23 | 61.60 / 56.00 C: 58.40 ⇓ 3.31% | 59.47 | 60.90 / 58.10 SUNLIFEINS | 0.00 | 0.00 | Vol. 185100 D: 57.00 ⇓ 1.89% | 58.31 | 59.60 / 52.30 C: 57.30 ⇓ 2.39% | 57.80 | 59.00 / 57.00 TELECOM GP | 12.96 | 26.26 | Vol. 620000 D: 206.6 ⇓ 1.57% | 207.58 | 210.9 / 205.1 C: 206.1 ⇓ 1.48% | 206.79 | 210.0 / 205.0 BSCCL | 5.82 | 26.38 | Vol. 401857 D: 175.5 ⇓ 3.15% | 179.08 | 190.0 / 172.0 C: 175.3 ⇓ 3.31% | 178.49 | 183.9 / 175.0 TRAVEL & LEISURE UNITEDAIR | 1.10 | 12.87 | Vol. 9743873 D: 17.60 ⇑ 0.00% | 17.89 | 18.20 / 16.00 C: 17.80 ⇑ 0.56% | 17.93 | 18.20 / 16.50 UNIQUEHRL | 4.02 | 86.29 | Vol. 689325 D: 82.50 ⇓ 2.14% | 83.38 | 85.80 / 77.00 C: 82.40 ⇓ 2.25% | 83.36 | 85.90 / 82.00 MISCELLANEOUS ARAMIT | 16.07 | 99.93 | Vol. 10150 D: 349.9 ⇓ 0.17% | 353.10 | 377.0 / 345.0 BSC | 1.77 | 565.82 | Vol. 73290 D: 458.0 ⇓ 3.48% | 466.46 | 480.0 / 456.0 C: 460.0 ⇓ 3.36% | 467.01 | 481.0 / 456.0 GQBALLPEN | 6.55 | 250.45 | Vol. 66500 D: 142.2 ⇓ 2.74% | 143.76 | 147.8 / 140.5 C: 142.4 ⇓ 2.53% | 143.96 | 147.0 / 142.1 USMANIAGL | 3.45 | 27.20 | Vol. 83172 D: 137.9 ⇓ 0.58% | 140.31 | 146.0 / 135.0 C: 136.3 ⇓ 0.15% | 138.30 | 141.5 / 135.1 SAVAREFR | 0.14 | 10.57 | Vol. 150 D: 55.30 ⇓ 1.07% | 55.30 | 55.30 / 55.30 BEXIMCO | 3.24 | 86.74 | Vol. 3722859 D: 36.80 ⇓ 4.91% | 37.65 | 39.40 / 35.00 C: 36.80 ⇓ 4.66% | 37.54 | 39.30 / 36.60 SINOBANGLA | 1.75 | 21.01 | Vol. 240500 D: 22.10 ⇓ 1.78% | 22.29 | 22.70 / 22.00 C: 22.00 ⇓ 1.79% | 22.10 | 22.40 / 21.70 MIRACLEIND | 0.09 | 14.41 | Vol. 164000 D: 16.20 ⇓ 5.81% | 16.53 | 17.40 / 16.10 C: 16.10 ⇓ 6.40% | 16.27 | 16.80 / 15.60 BOND IBBLPBOND | 0.00 | 1000.00 | Vol. 260 D: 980.0 ⇓ 0.63% | 979.59 | 986.5 / 971.0 C: 955.5 ⇓ 0.57% | 955.67 | 961.0 / 951.0 ACIZCBOND | 0.00 | 1000.00 | Vol. 106 D: 883.0 ⇑ 0.11% | 885.71 | 884.0 / 882.5 C: 877.0 ⇓ 0.34% | 877.11 | 880.0 / 875.0 BRACSCBOND | 0.00 | 0.00 | Vol. 5 D: 1021 ⇓ 2.81% | 1021 | 1021 / 1021






Why hedge funds still manage to seduce n Reuters Hedge fund investor Hugh Culverhouse Jr says the $2.25tn industry was an easier place for wealthy individuals to make money a decade ago. Funds were smaller, returns were higher and managers did more to cultivate the support of those well-heeled individuals and families because large institutions like pension funds had yet to embrace the industry. “It was so simple to leverage up and make a fortune,” said Culverhouse Jr, 64, a Miami-based trial attorney whose father owned the National Football League team, the Tampa Bay Buccaneers, from 1976 until the early 1990s. Shortly after his father’s death in 1994, Culverhouse Jr sold the team. Though he has money with Daniel Loeb’s $13bn Third Point LLC, Culverhouse said he favors smaller, more nimble hedge funds that have more flexibility to trade and capitalize on different markets. Even hedge fund managers admit it’s become harder to generate big returns as the industry, which in 1990 consisted of about 600 hedge funds, has ballooned to almost 10,000. “Most investors are not going to create alpha. It’s a zero sum,” said billionaire Ray Dalio, the founder of $120bn Bridgewater Associates, one of the world’s largest and best-known hedge funds, at a conference in Manhattan in November. Investors, money managers and consultants who spoke with Reuters said very few hedge funds still produce the type of returns that justify their hefty management and performance fees, typically 2% and 20%, respectively. Between 1990 and 2000, annual average hedge fund returns regularly surpassed the 20% range and never recorded negative performance, according to industry tracker HFR. Since 2000, the industry has registered three negative years and average returns have declined. But money has continued to flood the industry because investors view them as a necessary, albeit expensive, part of their portfolio in good times, and even more so in the bad times, the investors, money managers and consultants said. Hedge funds “offer really good diversification with low volatility,” letting investors get access to a market niche or use a strategy they cannot do on their own, said Adam Taback, president of alternative strategies for Wells Fargo Private Bank, which manages $170bn. That may be why record inflows persist despite average returns of about 7.7% through October, trailing the Standard & Poor’s 500’s 19% rise at that point. It’s the third year in a row that the industry has failed to keep pace with the US stock market. Yet the industry experienced its highest inflows in more than two years in the third quarter, with investors sending over $23bn of net new capital to managers during that period, according to HFR, a research firm. “It’s easy to look at hedge funds in a straight-up environment and say, “Who in

Jim Chanos, Founder and Managing Partner of Kynikos Associates LP speaks at the Reuters Global Investment Outlook summit in New York their right mind would pay 2 and 20 and taxes?’ But it was not that long ago, we had two big, economic events,” said Stephen Martiros, an independent consultant to family office and private investors, referring to the 2008 financial crisis and the early 2000s recession. “People still believe there’s a lot of systemic risk globally,” he said, adding that they think hedge funds perform better in choppy or down markets. One high-net-worth investor in several brand-name hedge funds, including Third Point and Greenlight Capital, said he is content to see slightly lower average gains to avoid the “magnitude of downside of what an unlevered S&P index could do.” “Hedge funds may lag the market this year, but they are still profitable,” he said, noting that they are generally avoiding drawdowns to keep compounding his returns. Wells Fargo’s Taback said there has been some “disappointment in the amount of upside capture” hedge funds have achieved this year, but investors don’t think of them as straight equity substitutes and won’t flee en masse simply because the S&P 500 is putting up “spectacular returns.” The S&P 500 has climbed 26.6% for the year so far.

High fees for access

Taback also said investors are happy to pay a premium for hedge fund managers focused on more obscure corners of the financial market, such as loan origination or structured credit, or that use a strategy like activism. “Our view is that you use a hedge fund with all it’s baggage - inferior liquidity, gener-

ally higher fees, frequently less tax efficient - only if there is a compelling investment thesis that cannot be properly executed otherwise,” said Todd Petzel, chief investment officer of Offit Capital Management. “There are some of those certainly but the vast majority of funds out there fail our test.” Culverhouse Jr, the Miami-based investor, likes a small fund based in New York that invests in healthcare companies. The high-net-worth investor with Third Point and Greenlight has money with mortgage specialist Metacapital Management. His managers “justify their fees because they’re doing something extra and special that an individual cannot do on their own,” he said. Several money managers and investors said this week that they are wary of new alternative mutual fund products, which offer investors exposure to hedge fund strategies with lower fees and daily liquidity. A number of asset management firms, including Blackstone, have launched these products, which are advised by a number of underlying hedge funds. No hedge fund manager can form “a new fund with favorable fees, liquidity or other terms without disadvantaging its existing investors or cannibalizing its existing fund,” said Michael Weinberg, a family office chief investment officer and a professor at Columbia University’s business school. “They must, therefore, create a second-quality fund with no alpha short book and beta shorts or hedges.” He said these lower-cost hedge fund-like strategies are a “brilliant concept, but sadly a second-rate product.”


But Josh Brown, CEO of Ritholtz Wealth Management, said even though these vehicles “may not always measure up to the best and brightest, let’s be honest: How many people can really allocate to Ray Dalio?”

Changing places

Martiros, the family office adviser, said that the question “is being asked more and more: Is the net return worth it?” He said that for now, there is still a place for hedge funds in his clients’ portfolios. “Will there be a rush out of hedge funds? I doubt it. Will there be some trimming? Maybe. It might be more like swapping seats on the deck versus getting off the boat altogether.” Several money managers at the Reuters Global Investment Summit this week said investors will continue to invest, but will push for lower fees along the way, and they can use lower returns as leverage in those negotiations. Wells Fargo’s Taback said some strategies are under particular fee pressure, such as managed futures funds, which have been punished already by investor outflows. “The fee pressure there is tremendous,” he said. Institutions like pension funds, which write checks for hundreds of millions of dollars, are increasingly negotiating a better deal for themselves, even with the industry’s best-known managers. “I think hedge funds’ fees are still in a bubble,” said short-seller Jim Chanos of Kynikos Associates. “The days of 2 and 20 are well behind us; investors have gotten a lot more sophisticated.” l

Profile for DhakaTribune

November 25, 2013  

November 25, 2013