One killed in Jashore road accident

A motorcycle rider was killed and another injured in a road accident in front of Jashore college in Shankorpur area of the district town last night.

The deceased was identified as Limon Hossain, 27, son of Osman Ali, resident of Muroli Moor area of the town.

The accident occurred when a speeding pickup van hit a motorcycle in front of the Jashore College around 8 pm last night, leaving motorcycle rider Limon died on the spot and another injured, officer-in-charge (OC) of Jashore Kotwali Model Thana Md. Tajul Islam said.

Locals rescued the injured and taken him to Jashore 250-bed hospital.

Later, he has been referred to Dhaka Medical College Hospital for better treatment.

A case was filed in Jashore Kotwali Model Thana in this connection, the OC said.

Source: Bangladesh Sangbad Sangstha (BSS)

Bangabandhu Parishad denounces 40 foreign nationals’ “ad” for Dr Yunus

Bangabandhu Parishad (BP) today denounced an "advertisement" with statement of 40 foreign nationals for former Managing Director of Grameen Bank Dr Muhammad Yunus terming it as a motivated one and deviation of reality.

"The abrupt call of the 40 foreign nationals to support and recognize the 'great' contribution of Dr Muhammad Yunus with less than a year left for the next general election indicates that there is a special purpose behind such a call," said 50 intellectuals of the Parishad in a joint statement signed by BP President (acting) Professor Dr AAMS Arefin Siddique and General Secretary Professor ABM Faruque.

It has been earlier observed that a vested quarter including this person (Yunus) played an active role in a planned way to cancel foreign loans for the Padma Bridge project raising so called allegation of corruption ahead of the January 5, 2014 national elections, they added.

"Their target was to prevent Awami League (AL), which led the Liberation War, from coming to the state power. But despite their failure of that attempt, it seemed that hatching conspiracy is yet to stop," said the intellectuals.

In the statement, they said Dr Yunus does not seem to have any impediment to his personal security and carrying out other business activities, including disbursement of loans of his concerned institutions.

"If he did any good deed, the country's people will evaluate it. But call of 40 foreign citizens to support and recognize his 'great' contribution and publishing it as an advertisement across a page of a newspaper like the Washington Post is not understandable," they added.

The intellectuals added: "We think that there is an indirect pressure on the government and special politics behind this activity of the foreign citizens. We believe that the people of the country will not be misled by such false and purposeful statements."

Noting that former United Nations (UN) Secretary General Ban Ki Moon had termed Prime Minister Sheikh Hasina as the role model for developing countries while many international dignitaries also made such comments, they said, "We thought it has been possible to publish such an advisement in the newspaper like the Washington Post as many of them are not aware about Dr Yunus' activities against the country (Bangladesh) and the public interest."

Former Vice Chancellor (VC) of Rajshahi University Professor Abdul Khaleque, former Bangabandhu Sheikh Mujib Medical University (BSMMU) VC Professor Dr Kamrul Hasan Khan, senior journalists Shafiqur Rahman, MP, and Ajit Kumar Sarker, and BSMMU Professor Dr Sheikh Abdullah Al Mamun were among the signatories.

Source: Bangladesh Sangbad Sangstha (BSS)

Mymensingh becomes city of euphoria as PM appears in public

Mymensingh, one of the oldest cities located on the bank of the Brahmaputra river, today turned into a place of euphoria as it became the ultimate destination of the mammoth streams of excited people in the region centering the grand rally of Prime Minister and Awami League (AL) President Sheikh Hasina.

Enthusiastic people in colorful attires were seen rushing from the early morning towards the rally venue- Mymensingh Circuit House Ground- from rail station, bus terminal and river ghats chanting the slogan "Joy Bangla", "Joy Bangabandhu" and "Sheikh Hasina" as their only goal was to see and listen to the AL President.

Mymensingh district and city AL organised the huge mass gathering here at the Circuit House Ground where Sheikh Hasina delivered her address after five years as she appeared last on November 2, 2018 at the same venue.

Pinning upon the public rally of the Prime Minister, the entire Mymensingh turned into a city of jubilation with colorful gates, banners, posters and festoons.

The city was in festivity while people of all strata as well as leaders and activists of AL were in merry-making mood. Arrival of Sheikh Hasina enthralled the leaders and activists not only in Mymensingh city but also in the entire region.

Marking the visit of the Prime Minister, hundreds of thousands of people thronged the rally ground from early morning and within a few hours, the ground became full to the brim.

The crowd then spilled over the surrounding areas, roads and empty places, meaning the city turned into a human sea before arrival of Prime Minister Sheikh Hasina on the stage at 02:50 pm which was made in the shape of a boat.

Earlier, from the morning, mass people, women and supporters were seen marching towards the venue in processions chanting slogans "Joy Bangla, Joy Bangabandhu" and holding colourful placards, banners, festoons, and wearing colourful T-shirts, caps on heads, head bands, beating drums, carrying election symbol boat as well as national and party flag.

Women, wearing vivid sarees, in large and small groups as well as individually waited in the queue at the gate with smiling faces to enter the venue.

Colourful arches and gates were constructed on various roads of the city with the posters and banners of the prime minister. AL leaders set up banners, balloons, festoons and posters welcoming the premier and the party chief in city's all roads and streets.

Hundreds of thousands of leaders and followers of Awami League and its associate bodies from different districts of Mymensingh division and adjoining areas joined the rally with a fleet of reserve buses, trains, pickups, motorcycles while many were seen joining the rally on foot.

Special trains on Gafargaon-Mymensingh, Nandail-Mymensingh, Dewanganj Bazar-Jamalpur-Mymensingh, Netrokona-Mymensingh, Advocate Matiur Rahman Station-Mymensingh, Gouripur-Mymensingh, Ishwarganj-Mymensingh and Jaria-Jhangail-Mymensingh routes were operated for the convenience of people in joining the public rally of the premier.

All trains arrived here at the Mymensingh station overcrowded with passengers. Hundreds of people travelled climbing on the roof of the train to attend the Prime Minister's rally.

A group of people, who came from Kalmakandha Upazila in Netrokona district, said they arrived at the venue early to secure their place in the front row. Due to a huge crowd, they feared that they might not be able to enter the venue if they were late, they added.

To cheer up the people on the rally ground, local singers performed at the stages from the morning until AL leaders began addressing the rally.

Around 9:30 am today in the city's Rambabu Road area, women wearing monochromatic sarees were seen gathering to attend the public meeting. One of them, Shamima Sultana said, "We had been waiting with great interest for a few days to see the Prime Minister. The women of our area were preparing to go to the public meeting since this morning."

Besides, at 10am, a group of youths were seen walking towards the Circuit House ground in the Station Road area.

At 11:15 am, a procession of workers wearing the same color t-shirts was seen heading towards the rally ground in the Ganginara area of the city.

The same picture was seen by visiting different areas including Patgudam, Kalibari since the morning.

A few leaders and activists of Atpara Upazila Awami League from Netrokona said,"Our target was to march in the city and enter the rally ground by 9 am. For that purpose, we are marching to Circuit House ground.”

Source: Bangladesh Sangbad Sangstha (BSS)

Sheikh Hasina establishes peace, harmony in CHT: Hasan

Information and Broadcasting Minister Dr Hasan Mahmud today said Prime Minister Sheikh Hasina has established the bond of harmony between the hill people and the Bangalees by making the Chattogram Hill Tracts (CHT) peace accord and the Chattogram Hill Tracts (CHT) Affairs Ministry.

“Ziaur Rahman had created rifts between the hill people and the Bangalees. But Prime Minister Sheikh Hasina has established the bond of harmony between them. Now, there is no crisis of confidence between them, rather harmony has been created. T All the isolated incidents take place due to extortion only,” he said.

The minister said these while addressing the triennial conference of Krishak League (KL) of the district unit at Khagrachari Government College ground here.

Hasan said a vast change has taken place in all sectors in the hill and plain areas under the dynamic leadership of Prime Minister Sheikh Hasina. The position of the country in size is 92nd while its position is third in producing paddy, second or third in fresh water fish, fourth in vegetables, second in mango and first in producing Hilsha across the globe, he added.

It has been possible only for Prime Minister Sheikh Hasina and for her magical leadership, said Hasan, also Awami League joint general secretary.

But, the minister said, BNP’s fugitive leader Tarique Rahman cannot tolerate the changes while Begum Khaleda Zia feels chest pain.

He said BNP knocked itself down while trying to topple the government. The base of Awami League is rooted deeply and it is a party of mass people, farmers and laborers, he said, adding, “We didn't lease the street to anyone. We remain on the streets and will be in future too.”

Terming the premier as farmer and agriculture friendly, Hasan said the first decision of the first cabinet meeting of the government in 2009 was providing subsidies for agriculture and farmers. Besides, 100 kilograms of honey has been obtained by cultivating bees in Ganabhaban while other vegetables and paddy are being produced, he said, adding that there were other prime ministers, including Begum Khaleda Zia, but no one could do it.

He said the Krishak League is an organization formed by Bangabandhu and it is well organised at grass roots level throughout the country. Bangabandhu’s daughter Sheikh Hasina had conducted a tree plantation programme across the country through the organisation after returning home in 1981, he added.

Earlier, AL Khagrachari district unit general secretary Niramalendu Chowdhury and Khagrachari Parbottyo Zila Parishad chairman Mong Swei Pru Chowdhury Apu inaugurated the conference through releasing pigeons and balloons.

KL former general secretary Agriculturalist Bishwanath Sarker Bitu addressed it as the main speaker while Taskforce on Rehabilitation of Returnee Refugees and Internally Displaced Persons chairman Kujendra Lal Tripura, MP, Bashonti Chakma, MP, and KL vice president Akbar Ali Chowdhury, among others, addressed as special guests.

KL office secretary Rezaul Karim Reza and law secretary Advocate Rabeya Haque, among others, also addressed the conference with KL Kharachari unit convenor Pintu Bhattachariya in the chair.

Later, Pintu and Khakan Khokan Chakma were elected president and general secretary of the organization respectively.

Source: Bangladesh Sangbad Sangstha (BSS)

Macron, Sunak agree UK-France migrant deal in reset summit

British Prime Minister Rishi Sunak and French President Emmanuel Macron on Friday agreed a new pact worth over 500 million euros to stop illegal cross-Channel migration, at a summit in Paris aimed at forging a new start after years of Brexit tensions.

The deal will see Britain step up funding to France to allow hundreds more French police to patrol the Channel and also establish a new detention centre as a further deterrent.

Both leaders hailed a fresh beginning in relations between the two neighbours, after intense talks in Paris which were also marked by expressions of unity in their support for Ukraine in fighting the Russian invasion.

It was the first UK-French summit in five years, after Sunak became prime minister in October following the stormy tenures of Boris Johnson and Liz Truss marked by rancorous relations with Paris.

Macron said his talks with Sunak marked a "new start" while Sunak said it was "a new beginning, our entente renewed".

"We're writing a new chapter in this relationship," Sunak added, acknowledging the relationship "has had its challenges in recent years".

- 'No silver bullet' -

The centrepiece of the new atmosphere Friday was the deal to thwart illegal cross-Channel migration, a prime political priority for Sunak as he seeks to rescue the popularity of the ruling right-wing Conservative party.

London will step up funding to France over the next three years to total 541 million euros ($575 million), allowing the deployment of "hundreds" of extra French law enforcement officers along the Channel coast to stop the illegal migration, the British government said in a statement.

For the first time, the UK will help fund a detention centre in France to enhance its ability to cope with the number of people being trafficked across the Channel.

"We don't need to manage this problem, we need to break it," said Sunak.

"And today, we have gone further than ever before to put an end to this disgusting trade in human life."

The new funding from the UK this year is already more than double last year's package worth over 70 million euros that increased the number of French police patrolling Channel shores.

Sunak is under fierce pressure at home to reduce the number of asylum seekers arriving in Britain, and this week unveiled legislation that critics said would make Britain an international outlaw on refugee rights.

"There is no one silver bullet to solve this problem. So the legislation we introduced this week is incredibly important, cooperation with the French is important, illegal migration enforcement at home is important," Sunak said as he travelled to Paris on the Eurostar train.

But activists expressed unease over the plan, with the France director of Human Rights Watch Benedicte Jeannerod saying the sides were persisting with a tactic that "pushes exiles to risk dangerous crossings and subjects them to undignified treatment".

They said they were in complete agreement on helping Ukraine to defeat the Russian invasion and it should be Kyiv that chooses when any peace talks start.

"We want Ukraine to win this war. We are absolutely united on this," said Sunak.

Macron added: "Our desire is to help Ukraine to resist and to carry out the counter-offensives that it wishes to carry out. The priority of the moment is military."

- Bromance? -

Macron's distrust of Brexit figurehead Johnson was barely concealed, while Truss said she didn't know whether the French leader was a "friend or foe" during her campaign to become prime minister.

But both sides now see an opportunity to reset the "Entente Cordiale" between Western Europe's two nuclear powers.

"I hope it can be the start of a stronger relationship between us and it's a privilege to be able to play a part in that," Sunak told reporters as he travelled over.

As part of the British government's post-Brexit outreach, the summit paves the way for King Charles III to make France his first foreign destination when he heads there on a state visit at the end of March.

While Johnson revelled in French-bashing, Sunak says he and Macron are "friends", with their warm embrace during their first encounter in November sparking light-hearted speculation about a "bromance".

"It was not a summit like others. It was a summit of new ambitions," Macron said at the news conference.

Source: Bangladesh Sangbad Sangstha (BSS)

Dhaka pursuing consolidated approach towards economic diplomacy: Momen

Foreign Minister Dr AK Abdul Momen today said that Dhaka has been pursuing multi-pronged, multi-spatial and multi-temporal consolidated approach to make its economy diplomacy a success.

"We are pursuing a very consolidated approach towards the economic domain of diplomacy in the recent times," he said.

The foreign minister was addressing the "Bangladesh Business Summit 2023" inaugurated by Prime Minister Sheikh Hasina.

Momen said the foreign ministry has developed three policy packages - economic diplomacy, public diplomacy and Regional peace and stability packages.

He said his ministry has been working with the relevant ministries, investment promotion bodies, trade organizations while it established a dedicated wing for international trade, investment and technology inside the Foreign Office to coordinate domestic and foreign endeavours for better results.

"In addition, we have activated all our Missions abroad to put special focus and priority on economic diplomacy," he added.

He said Bangladesh is a gateway to the South Asian region and offers easy access to markets with a combined population of over 3.5 billion people.

"We are a connectivity hub in South and East Asia . . . I welcome you all to invest and be a winner," he said.

The foreign minister said Bangladesh's strategic location, competitive cost of doing business, vibrant culture, young and resourceful people along with stable and business friendly government make it as an attractive destination for investment.

"I repeat we have a young and educated workforce, a strong legal framework, and a government that is committed to creating an enabling environment for business to grow," he said, adding that Bangladesh has lot to offer to investors.

He said Bangladesh has implemented a one-stop service to facilitate foreign investors, and it (the country) is also setting up 100 special Economic Zone and 38 Hitch parks with lucrative investment packages.

The foreign ministry said the summit is a testament to the entrepreneurial spirit of our nation, and it showcases the immense potential and opportunities that Bangladesh has to offer to the world.

"We have spirit, we have the initiatives and we can do, sky is our limit. We invite you to join us in our development journey for mutual benefits," he made the call to the foreign business participants.

Momen said as per the vision of Prime Minister Sheikh Hasina, Bangladesh is committed to move itself from "Digital Bangladesh" to Smart Bangladesh by 2041.

"We are creating smart labor force, smart students, smart productive capacity, smart infrastructure, smart government, smart rules and regulations and smart people to be the manufacturing Hub of the world," he said welcoming all to be a part of building Smart Bangladesh.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) organised the summit at the Bangabandhu International Conference Centre (BICC) in the capital city to commemorate the Golden Jubilee of the country's apex business body FBCCI.

The Ministry of Foreign Affairs, the Commerce Ministry and the Bangladesh Investment Development Authority (BIDA) are partnering the summit with the FBCCI.

Source: Bangladesh Sangbad Sangstha (BSS)

PM opens, lays foundation stones of 103 development projects in Mymensingh

Prime Minister Sheikh Hasina today inaugurated and laid foundation stones of 103 development schemes to ensure overall development of Mymensingh division.

She inaugurated 73 development projects involving Taka 570.07 crore and laid foundation stones of 30 other schemes worth Tk 2,762.27 crore in Mymensingh Division, unveiling the plaque at a grand public rally held at the Circuit House ground in the afternoon.

The entire Mymensingh has taken a festive look with colourful posters, banners and festoons and Sheikh Hasina's portraits.

Among the development projects, Sheikh Hasina opened mural of Father of the Nation Bangabandhu Sheikh Mujibur Rahman based on the photo adjacent to the central Shaheed Minar of Mymensingh, a 50-bed Dr Mushfiqur Rahman Shubo Memorial Islamic Mission Hospital, Construction of an auditorium cum community center having 1000 seat at Trishal Upazila, Institute of Health Technology, Construction of embankment to protect Charalgi Union of Gafargaon from erosion of the Brahmaputra river, new Sadar Upazila Parishad Hospital, Gorbakura-Karaitli land port at Haluaghat, main building of District Lawyers Association- Shaheed Advocate Nazrul Islam Bhavan and Begum Fazilatunnesa Mujib Women's College.

Besides, the projects include construction of Deshrat-Sheikh Hasina Hall in Bangladesh Agricultural University, Sheikh Rehana Hall, Rosy Jamal Hall, 500-bed 5-storey student hostel in Government Anand Mohan College and laying foundation stone of electricity distribution system development project.

With sincere and relentless efforts by the Awami League government led by Prime Minister Sheikh Hasina, Mymensingh has changed because of the implementation of massive development projects.

Huge development is visible in all sectors, including agriculture, education, health and infrastructure, in the district in the last 14 years under Prime Minister Sheikh Hasina's visionary leadership.

There was no such development during the tenure of any government in the past. Common people of Mymensingh are now enjoying the benefits of this development.

The people of Mymensingh had a long-standing demand to upgrade Mymensingh Medical College Hospital from a 500-bed hospital to a 1000-bed one.

The Prime Minister has increased the beds of Mymensingh Medical College Hospital from 500 to 1000 beds in 2013.

People of greater Mymensingh, including Sherpur, Jamalpur, Tangail, Netrakona and Kishoreganj, along with North Bengal, Sunamganj, Narsingdi and Gazipur are now enjoying the treatment and medical services from Mymensingh Medical College Hospital.

Sheikh Hasina has fulfilled all the demands of the local people that include establishment of an education board and dredging of the old Brahmaputra river, along with establishment of Mymensingh into a division and city corporation.

Source: Bangladesh Sangbad Sangstha (BSS)

Invest in Bangladesh to help it become developed country by 2041: PM

Prime Minister Sheikh Hasina today called upon the global businessmen and investors to invest in Bangladesh to join hands in making smooth journey of transforming Bangladesh into a developed, prosperous and Smart Bangladesh by 2041.

"You people (world business community) come. Bangladesh is always ready to welcome you here---invest in Bangladesh thinking it as your country," she said while inaugurating a three-day "Bangladesh Business Summit 2023".

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) organised the summit at the Bangabandhu International Conference Centre (BICC) in the capital city to commemorate the Golden Jubilee of the country's apex business body FBCCI.

The Ministry of Foreign Affairs, the Commerce Ministry and the Bangladesh Investment Development Authority (BIDA) are partnering the summit with the FBCCI.

Welcoming the business people attending the summit, the Prime Minister said: "I called upon you all to join the journey of us towards making Bangladesh a high income generated, developed, prosperous and innovative Smart Bangladesh by 2041."

Sheikh Hasina asked the local business leaders to take preparation from today to cash in on the advantages and face the challenges to arise after becoming a developing nation in 2026.

"Don't be hopeless. You have to be prepared from now on to face any challenges and Insha'Allah we will be able to do it," she said.

She, however, assured the country's business community of having beside them in their every need to face the post graduation challenges.

The Prime Minister reminded the business people from home and abroad that her government has been attaching topmost priority in improving the investment environment in Bangladesh to attract both the local and foreign direct investments.

In this context, she said the BIDA is implementing the Bangladesh Investment Climate Improvement Programme mainly to put an end to the bureaucratic red tape.

"Decisions will be implemented once they are taken," she added.

The Premier said 100 economic zones are being set up across the country and the government has offered lucrative advantages for foreign and local investments.

She said the global people have been suffering due to the essentials' price hike and high inflation rate due to the global economic recession streaming from the ongoing Covid-19 pandemic, Russia-Ukraine war, economic sanctions and counter sanctions.

"Bangladesh, like many other developing countries, is now facing serious trouble due to the global economic recession. Even the developed countries have been rattled because of it," she said.

Considering the sufferings of the common people, the Prime Minister asked the local business leaders to find out ways to bring to normal level the commodity prices, saying, "Otherwise they would have to lose the local market."

Sheikh Hasina said Bangladesh is marching ahead towards prosperity and development confronting all the odds including the Covid-19 pandemic and the war.

"We're advancing towards prosperity overcoming all the hurdles and we have to make the current efforts more vibrant to continue the journey of progress," she said.

Briefly describing her government's efforts to transform Bangladesh into a developing nation, she said a massive change has happened in the country in the last 14 years since the Awami League government assumed office in 2009.

"Bangladesh has become one of the quickest economically progressed countries across the globe. Once upon a time Bangladesh was considered as the country of natural calamity and poverty. But, the situation has changed now. Bangladesh has now become the world's 35th largest economy and "role model" for the development," she added.

Ministers from seven countries including the United Kingdom (UK), the Kingdom of Saudi Arabia (KSA), China, Bhutan, the United Arab Emirates, CEOs of 12 multinational companies and more than 200 foreign investors and business leaders from 17 countries of the world are participating in the summit.

Foreign Minister Dr AK Abdul Momen, Minister of Commerce of the Kingdom of Saudi Arabia Dr Majeed bin Abdullah Alkussabi, Minister of Industry, Commerce and Employment of Bhutan Karma Dorji, Deputy Director General of the World Trade Organisation Ambassador Xiangchen Zhang, Commerce Minister Tipu Munshi and PM's Private Industries and Investment Adviser Salman Fazlur Rahman spoke at the programme.

FBCCI President Md Jashim Uddin gave the address of welcome.

A video presentation was screened on 'what the new Bangladesh is going to be'.

The Premier also unveiled a book of the FBCCI marking its 50 years of founding anniversary.

The event is being organised as a part of the FBCCI's 50th founding anniversary celebrations with the aim of creating new opportunities for trade and investment by showcasing the country's economic potential before a global audience.

The summit will highlight the success stories that have set the foundation for Bangladesh's sustainable growth.

This summit will play an important role in tapping Bangladesh's full economic potential, expanding trade and attracting investments.

Business representatives from both home and abroad have paid considerable sums as a registration fee to participate in the event..

Companies like Walmart and Zara have made their presence in Kolkata. Now, the time has come to step into Bangladesh.

Apart from creating high export potentials, the local consumer market has also been expanded.

The countrywide 100 special economic zones are now more visible than in the past and there is a need to project such capacity as the government has been prioritizing the facilitation of business to move the economy forward.

Some 750 people have already registered for the summit. Apart from this, a number of people will attend the summit without registration.

The summit will showcase dynamic business investment opportunities and improvements to the local business climate while also giving insights on investment priorities of global investors to improve policy-making.

The summit will also facilitate the exchange of success stories and good practices among investors.

There will be three plenary sessions on strategic issues, 13 parallel sessions, business-to-business meets, networking sessions, open house reception and guided tours for international delegates.

The summit will feature the "CNN Experience", which will consist of a series of thought-leadership sessions focusing on the country's business climate, investment opportunities, and future sustainable impetus.

Source: Bangladesh Sangbad Sangstha (BSS)

Mymensingh undergoes changes as PM carries out massive development

With sincere and relentless efforts by the Awami League government led by Prime Minister Sheikh Hasina, Mymensingh has changed because of the implementation of massive development projects.

Huge development is visible in all sectors, including agriculture, education, health and infrastructure, in the district in the last 14 years under Prime Minister Sheikh Hasina's visionary leadership.

Common people of Mymensingh are now enjoying the benefits of these developments.

City Awami League General Secretary Mohit ur Rahman Shanto said there was no such development during the tenure of any government in the past.

Because of the tremendous development, people of the district will vote again for 'boat' in the future, he said.

City Awami League President and Mymensingh City Mayor Ikramul Haque Titu said people of Mymensingh had a long-standing demand to upgrade Mymensingh Medical College Hospital from 500-bed hospital to 1000-bed one.

Prime Minister Sheikh Hasina has increased the beds of Mymensingh Medical College Hospital from 500 to 1000 beds in 2013.

People of greater Mymensingh, including Sherpur, Jamalpur, Tangail, Netrakona and Kishoreganj, along with North Bengal, Sunamganj, Narsingdi and Gazipur are now enjoying the treatment and medical services from Mymensingh Medical College Hospital, he said.

Local people demanded establishment of an education board and dredging of the old Brahmaputra river, along with establishment of Mymensingh into a division and city corporation, Prime Minister Sheikh Hasina fulfilled all demands.

Former General Secretary of Mymensingh District Awami League veteran freedom fighter Nazim Uddin Ahmed said Prime Minister Sheikh Hasina has fulfilled all the demands of the people of Mymensingh.

She will inaugurate and lay the foundation stones of more development projects of Mymensingh Division at a public meeting today.

Prime Minister Sheikh Hasina is coming to Mymensingh after five years. She will address a public meeting to be organized by Awami League at Circuit House ground in the afternoon.

Mymensingh has turned into a festival city marking the visit of the Prime Minister. The entire Mymensingh is covered with posters, banners and festoons and Prime Minister Sheikh Hasina's portraits.

People of various professions including party leaders, workers and supporters are eagerly waiting for their visionary leader.

The party leaders and workers and common people are excited about today's meeting as Prime Minister Sheikh Hasina is coming before the next elections.

Tight security measures have been taken by the local administration for ensuring security.

According to local people, Prime Minister Sheikh Hasina visited Mymensingh on November 2, 2018. After five years, she is coming again today.

Awami League and local administration have completed all arrangements and preparations for Prime Minister Sheikh Hasina's visit.

The Prime Minister will inaugurate and lay foundation stones of 103 different development projects. Of which, she will inaugurate 73 different development projects and lay foundation stones of 30 development projects in Mymensingh Division.

Among the development projects, Sheikh Hasina will open mural of Father of the Nation Bangabandhu Sheikh Mujibur Rahman based on the photo adjacent to the central Shaheed Minar of Mymensingh, a 50-bed Dr Mushfiqur Rahman Shubo Memorial Islamic Mission Hospital, Construction of an auditorium cum community center having 1000 seat at Trishal Upazila, Institute of Health Technology, Construction of embankment to protect Charalgi Union of Gafargaon from erosion of the Brahmaputra river, new Sadar Upazila Parishad Hospital, Gorbakura-Karaitli land port at Haluaghat, main building of District Lawyers Association- Shaheed Advocate Nazrul Islam Bhavan and Begum Fazilatunnesa Mujib Women's College.

Besides, the projects include construction of Deshrat-Sheikh Hasina Hall in Bangladesh Agricultural University, Sheikh Rehana Hall, Rosy Jamal Hall, 500-bed 5-storey student hostel in Government Anand Mohan College and laying foundation stone of electricity distribution system development project.

Source: Bangladesh Sangbad Sangstha (BSS)

PM opens Bangladesh Business Summit 2023

Prime Minister Sheikh Hasina today inaugurated the "Bangladesh Business Summit 2023" to commemorate the Golden Jubilee of the country's apex business body FBCCI.

She opened the three-day summit as the chief guest at the Bangabandhu International Conference Centre (BICC) in the capital organised by the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).

The Ministry of Foreign Affairs, the Commerce Ministry and the Bangladesh Investment Development Authority (BIDA) are partnering with the FBCCI for the summit.

Ministers from seven countries including the United Kingdom (UK), the Kingdom of Saudi Arabia (KSA), China, Bhutan, the United Arab Emirates, CEOs of 12 multinational companies and more than 200 foreign investors and business leaders from 17 countries of the world are participating in the summit.

Foreign Minister Dr AK Abdul Momen, Minister of Commerce of the Kingdom of Saudi Arabia Dr Majeed bin Abdullah Alkussabi, Minister of Industry, Commerce and Employment of Bhutan Karma Dorji, Deputy Director General of the World Trade Organisation Ambassador Xiangchen Zhang, Commerce Minister Tipu Munshi and PM's Private Industries and Investment Adviser Salman Fazlur Rahman spoke at the programme.

FBCCI President Md Jashim Uddin gave the address of welcome.

The event is being organised as a part of the FBCCI's 50th founding anniversary celebrations with the aim of creating new opportunities for trade and investment by showcasing the country's economic potential before a global audience.

The summit will highlight the success stories that have set the foundation for Bangladesh's sustainable growth.

This summit will play an important role in tapping Bangladesh's full economic potential, expanding trade and attracting investments.

Business representatives from both home and abroad have paid considerable sums as a registration fee to participate in the event.

Companies like Walmart and Zara have made their presence in Kolkata. Now, the time has come to step into Bangladesh.

Apart from creating high export potentials, the local consumer market has also been expanded.

The countrywide 100 special economic zones are now more visible than in the past and there is a need to project such capacity as the government has been prioritizing the facilitation of business to move the economy forward.

Some 750 people have already registered for the summit. Apart from this, a number of people will attend the summit without registration.

The summit will showcase dynamic business investment opportunities and improvements to the local business climate while also giving insights on investment priorities of global investors to improve policy-making.

The summit will also facilitate the exchange of success stories and good practices among investors.

There will be three plenary sessions on strategic issues, 13 parallel sessions, business-to-business meets, networking sessions, open house reception and guided tours for international delegates.

The summit will feature the "CNN Experience", which will consist of a series of thought-leadership sessions focusing on the country's business climate, investment opportunities, and future sustainable impetus.

A video presentation was screened on 'what the new Bangladesh is going to be'.

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Source: Bangladesh Sangbad Sangstha (BSS)

US closes Silicon Valley Bank in biggest collapse since 2008

US regulators pulled the plug on Silicon Valley Bank on Friday in a spectacular move that sent global banking shares sputtering, as markets fretted over possible contagion from America's biggest banking failure since the 2008 financial crisis.

US authorities swooped in and seized the assets of SVB, a key lender to US startups since the 1980s, after a run on deposits made it no longer tenable for the medium-sized bank to stay afloat on its own.

Little known to the general public, SVB specialized in financing start-ups and had become the 16th largest US bank by assets: at the end of 2022, it had $209 billion in assets and approximately $175.4 billion in deposits.

Its demise represents not only the largest bank failure since Washington Mutual in 2008, but also the second largest failure ever for a retail bank in the United States.

In response to the sudden collapse, Treasury Secretary Janet Yellen convened an emergency meeting of top US banking regulators.

"Secretary Yellen expressed full confidence in banking regulators to take appropriate actions in response and noted that the banking system remains resilient and regulators have effective tools to address this type of event," a Treasury statement said.

Based in the shadow of the world's biggest tech companies, SVB's travails have raised fears that more banks may face doom as the fallout from high inflation and hiked interest rates squeezes weaker lenders.

In front of the SVB headquarters on a rainy day in Santa Clara, California, nervous customers spoke in small groups wondering how they could withdraw their money as news spread of the government seizure.

One customer dressed in a t-shirt and sweatpants, and who spoke on condition of anonymity, said he used the bank for payroll at his startup.

"It's not a good situation. A lot of really top tier (venture capital firms) have very high amounts of exposure here," he said, adding that he was worried for his employees.

- Crisis measure -

A day after the four biggest US banks lost a whopping $52 billion in market value following signs of trouble at SVB, European banking giants were similarly mired in the red, with Deutsche Bank down 10 percent at one stage.

But on Wall Street on Friday, shares in heavyweights Bank of America, Wells Fargo and Citibank seesawed, with Yellen telling a congressional panel that she was "monitoring" a few banks.

This was swiftly followed by news that the California Department of Financial Protection and Innovation (DFPI) closed SVB and appointed the Washington-based Federal Deposit Insurance Corporation to take it over.

The crisis measure protects customers with up to $250,000 in deposits and crucially buys time to find a potential buyer of whatever remains of the embattled Silicon Valley lender.

CNBC reported Friday that SVB was in talks with potential buyers after attempts to ride out the crisis on its own failed.

"The debate today is whether SVB issues are SVB's issues or the start of a bigger issue for the banking sector," said a note from Patrick O'Hare of Briefing.com.

"There seems to be an allowance in the stock market for it being more of a company-specific problem or at least not a debilitating systemic issue."

Before the closure, trading in SVB itself was halted Friday after the bank saw more than 60 percent of its value wiped out, following the disclosure it had lost $1.8 billion in securities sales in an effort to raise funds.

Investors fear that other banks could face similar losses as they look to raise cash amid ever rising interest rates with central banks moving aggressively to tame decades-high inflation.

"We'll have to see how this story develops but something always breaks hard during or after a Fed hiking cycle," Deutsche Bank analysts said in a note.

"Is this another mini wobble on this front or the start of something bigger? Tough to tell, but I would be stunned if there weren't many more casualties of this boom-and-bust cycle."

Source: Bangladesh Sangbad Sangstha (BSS)