Friday, July 29, 2011

Libyan rebels say military chief killed



Libyan rebels military chief killed

Libya's rebels say their military chief was shot dead in an incident that remains shrouded in mystery and may point to deep divisions within the movement trying to oust Muammar Gaddafi.


The killing, announced late on Thursday, came as the rebels launched an offensive in the west and won further international recognition, which they hope to translate into access to billions of dollars in frozen funds.


The rebels said Abdel Fattah Younes, who was for years at the heart of the Gaddafi government before defecting to become the military leader in the rebel Transitional National Council (TNC) in February, was shot dead by assailants after being summoned back from the battlefield.


After a day of rumors, rebel leader Mustafa Abdel Jalil said Younes and two bodyguards had been killed before he could make a requested appearance before a rebel judicial committee investigating military issues.


It was not clear where the attack took place. Adding to the confusion, Jalil said the bodies were yet to be found.


Younes was not trusted by all of the rebel leadership due to his previous role in cracking down on dissidents.


But his death is likely to be a severe blow to a movement that has won the backing of some 30 nations but is laboring to make progress on the battlefield.


"A lot of the members of the TNC were Gaddafi loyalists for a very long time. They were in his inner circle and joined the TNC at a later stage," said Geoff Porter from North Africa Risk Consulting.


"(The killing) is indicative of schisms that have been appearing within the TNC over the last few months ... We might be seeing the most egregious examples of the divisions between the former regime members and the original rebels," he added.


The rebels claimed to have seized several towns in the Western Mountains on Thursday but are yet to make a serious breakthrough. With prospects fading of a swift negotiated settlement, both sides seem prepared for the five-month civil war to grind on into the Muslim holy month of Ramadan in August.


A rebel official said no deal was worth talking about unless it meant Gaddafi and his powerful sons left Libya, while the veteran leader vowed to fight on "until victory, until martyrdom."


Soon after Jalil's announcement, gunmen entered the grounds of the hotel where he was speaking and fired shots in the air, a Reuters reporter said. No one was hurt
.


At least four explosions rocked the center of Tripoli on Thursday evening as airplanes were heard overhead. The city has come under frequent NATO bombing since Western nations intervened on the side of the rebels in March under a United Nations mandate to prevent Gaddafi's forces from killing civilians.


The killing of Younes, who was involved in the 1969 coup that brought Gaddafi to power and then became his interior minister, came after the rebels attacked Ghezaia, a town near the Tunisian border held by Gaddafi throughout the war.


By late afternoon, the rebels said they had taken control of the town, from which Gaddafi forces had controlled an area of the plains below the mountains.


"Gaddafi's forces left the areas when the attack started," said rebel fighter Ali Shalback. "They fled toward the Tunisian border and other areas."


Reuters could not go to Ghezaia to confirm the report, as rebels said the area around the town could be mined. But looking through binoculars from a rebel-held ridge near Nalut, reporters could see no sign of Gaddafi's forces in Ghezaia.


Juma Ibrahim, a rebel commander in western mountains, told Reuters by phone from the town of Zintan that Takut and Um al Far had also been taken in the day's offensive.


Rebels have taken swathes of Libya since rising up to end Gaddafi's 41-year rule in the oil-producing north African state.


They hold northeast Libya including their stronghold Benghazi; the western city of Misrata; and much of the Western Mountains, their closest territory to the capital.


Yet they remain poorly armed and often disorganized.


"We can beat Gaddafi now, we have captured more weapons from the Libyan army, mostly rockets and AK-47s," said Mohammed Ahmed, 20, a market trader turned fighter.


STALEMATE
The fighting has led to a stalemate in a conflict that Gaddafi has weathered for five months, despite rebel gains, mainly in the east, and hundreds of NATO air raids on his forces and military infrastructure.


A recent flurry of diplomatic activity has yielded little, with the rebels insisting Gaddafi step down as a first step and his government saying his role is non-negotiable.


Western suggestions that Gaddafi might be able to stay in Libya after ceding power appeared to fall on deaf ears.


UN envoy Abdel Elah al-Khatib visited both sides this week with plans for a ceasefire and a power-sharing government that excludes Gaddafi, but won no visible result.


The rebels said any deal that did not envisage Gaddafi and his sons leaving the country was "not worth talking about" while the Libyan leader appeared defiant on Wednesday, urging rebels to lay down their arms or suffer an ugly death.


At a briefing to the UN Security Council in New York, Lynn Pascoe, who heads the body's political department, said both sides had been posturing since discussions began, and added:


"Both sides are willing to talk, but they are still emphasizing maximum demands at this point, and patience is clearly required before detailed discussions can begin."


MONEY



The rebels received a further boost on Thursday when Portugal followed Britain in recognizing them.


London has also unblocked 91 million pounds ($149 million) in frozen assets, joining the United States and about 30 other nations who have now recognized the opposition, potentially freeing up billions of dollars in frozen funds.


Austria said it wanted to unfreeze up to 1.2 billion euros ($1.7 billion) of Libyan money and transfer it to the rebels, but needed legal papers to show that a financial body set up by the NTC amounted to a valid central bank "identical to the one in Tripoli" to which the money had belonged.


The cash-strapped rebels, who control Libya's oil-rich east, have been selling fuel to raise urgently-needed funds, but are unable to pump new supplies because of war disruption.


A tanker carrying crude oil has sailed from Benghazi for Italy, as the rebels sell the last of their stockpile, industry sources and ship tracking data said on Thursday.

Tuesday, July 26, 2011

Target the youth


Media and communications teacher discusses the role of youth in branding

Business tends to pick social media, as new platforms -- Facebook and Twitter -- have multifaceted applications. Social media is exploding as a new media channel. It differs from other advertising channels because messages are multi-directional and generated by many parties: marketers, influencers, individuals and consumers.

Social media is not a one-way broadcast of messages to the masses, but a conversation taking place between many individuals. Unlike the real world, the conversation can have many others observing and consuming the content, not just during the conversation, but practically forever into the future. Social media marketing has an easily accessible and long memory.

The practical side of social media is that it can target lifestyles, said Mohammad Masud Chowdhury, a senior lecturer of the media and communications department of Independent University Bangladesh. Chowdhury said social media is integrally linked with our life and offers a range of available products that suit our lifestyles."

He said every person with an internet connection has an account on the social media site Facebook. This site is like a kaleidoscope.

People want to know the impacts of social media in businesses, but they do not want to research the topic. "So we should do an in-depth analysis or research on the impacts of Facebook on our lives and businesses," he said. "This would help us decide what to do next."

Media is an integral part of business now a day, said Chowdhury.

For example, one can get an idea of global finance by analysing Bloomberg reports. Similarly, we should study the impacts of new media so that we can make predictions on the business of the country.

He asks what is needed for the business entity. Businesses need to reach out to the youth of the country because they are the real consumers. They dictate their parents about brands that would be purchased.

A lawyer friend of mine was supposed to purchase an ordinary car. But his adolescent daughter persuaded him to get the Toyota Premio brand,"he said as an example.


This brand is much costlier than one he chose at first. But the choice of the young members in the family become important in buying goods, he explained.

He said businesses should address this segment of society for marketing with the help of new media.

It is very easy to reach out to this young crowd with the help of music too, he added. This segment is also very adventurous.

He said businesses should be more aware of what is happening or changing in society. There will be new pressure groups in the market; they will use high-tech methods. To sustain in the digital market, business people should concentrate on new media.

The concept of brands differs between the parents and children, he added.

Kids basically share their brand concept with their peer groups. What they say really matters. So every campaign should target that group. Using new media in branding or campaigning is still absent in Bangladesh. But the landscape is changing very fast.

Now a day, we see sugar or oil vanishing from the market. But the day is not so far when oligopolies or monopolies will disappear from the market. These are very old business concepts.

The architecture of information is shifting very fast. The paradigm is changing, said Chowdhury.

The senior lecturer said one could get digital solutions if required.

People are even using smart cards in the chicken markets.

The internet has become a part of everyday life, he said. This means that spending behaviours are changing. People don't want to carry cash for security reasons. New media has a lot to do here.

New media has the power to change brand loyalty, said Chowdhury. The perception of a brand can be changed. You may have a tea garden in the Tetulia upazila of Panchagarh district, in the extreme north of Bangladesh. You also have the facility to market the garden as an organic one by using Youtube. You can raise consumer eagerness on organic food. You can even take orders on the net.

On the other hand, Chowdhury talks about digital governance. The products should be authentic, as expressed on websites. Social media has strong catalytic role to run a business.


Sunday, July 24, 2011

RMG contributions to national exports rise

RMG contributions to national exports rise

The contribution of readymade garment products to national export increased by 1.02 percentage points in the immediate past fiscal year compared with the previous fiscal year, data from the Export Promotion Bureau (EPB) showed.
In fiscal 2010-11, the contribution of RMG (woven and knitwear) to national export was 78.14 percent or $17.91 billion compared with 77.12 percent or $12.50 billion in fiscal 2009-10, according to the EPB.
In the just concluded fiscal year, the country earned $22.93 billion from exports backed by $17.91 billion from the garment sector, the data showed.
Of the RMG products, the contribution of knitwear was worth $9.49 billion, or 41.37 percent, while woven products earned $8.43 billion contributing 36.79 percent to the total export in fiscal 2010-11, according to EPB data.
In fiscal 2009-10, knitwear contributed 40.01 percent or $6.49 billion and woven 37.11 percent or $6.01 billion to the total export. In 2008-09, the share of knitwear was 41.30 percent and that of woven was 38.02 percent.
If home textile, terry towel and specialised textile were included in the RMG sector, the share of the sector in the total export would cross 80 percent in fiscal 2010-11, exporters said.
In 2010-11, earnings from home textile export were worth $788.76 million, while terry towel earned $120 million, according to the EPB.
However, jute and jute goods also contributed significantly to the national export in 2010-11, crossing the one billion mark for the first time.
Monoj Kumar Roy, joint secretary (export) to the commerce ministry, said the overall export is increasing as almost every sector is performing well.
“The contribution of the RMG products is increasing significantly, whereas the export of other products is also picking up due to diversification,” he said. Previously, other sectors were not performing as per expectation due to a lack of diversification, he added.
Abdullah Al-Mahmud Mahin, managing director of Mahin Group, a local garment giant, said RMG export rose due to the relaxation of the Rules of Origin (RoO) in the EU under the Generalised System of Preferences (GSP) from January 1 this year.
“There is an increased pressure of orders from international buyers for higher cost of production in China and Vietnam. The added advantage for Bangladesh is that it mainly produces basic garment, which its competitors don't,” Mahin said. He said many entrepreneurs are now expanding their production capacity seeing a bright future.
Faruque Hassan, vice-president of Bangladesh Garment Manufacturers and Exporters Association, said export of RMG products increased due to price hike of per unit of garments following the rise in prices of raw materials like cotton and yarn last year.
Moreover, Bangladesh performed well in exporting to new destinations such as Japan, New Zealand, South Africa, South Korea, Malaysia, Turkey and Latin American countries, he said.
“A lot of orders for basic garments are shifting to Bangladesh from other countries,” he said.

No cellphone while driving: minister


No cellphone while driving



No cellphone while driving

The communications minister has warned that the people who use cellphone while driving will face the music from now on.

"Law enforcers will not only fine those talking over mobile phone while driving, but also seize their sets," Syed Abul Hossain said on Sunday.

After attending a meeting of the advisory council of National Road Transport at the Secretariat, he told reporters that legal measures would be taken against the drivers of private cars, jeep and microbus for not fastening seatbelts, too.

The multidisciplinary meeting was attended, among others, by shipping minister Shahjahan Khan, chairman of the parliamentary standing committee on communications ministry Majibur Rahman, Road Transport Association president Enayetullah Khan, and transport leaders.

The minister also said directives were given to the authorities concerned for taking effective steps to ease traffic gridlocks in Dhaka and major business points elsewhere in the country ahead of Ramadan.

Shahjahan suggested that effective measures be taken to rein in the highway police officers who extort money from drivers.

"Allegations have it that drivers face difficulties on highways because of extortion. In refusal, [police officers] file cases against them," he added.

Friday, July 22, 2011

1937 new govt assistant teachers selected

Over 1,900 people have been selected as assistant teachers for government secondary schools.

The director general of the secondary and higher studies directorate, Noman-ur-Rashid, told bdnews24.com on Friday that the posting for the 1,937 candidates, finally selected, would be presented in seven to 10 days.

The successful candidates came up through the written tests, held on January 7 this year, when some 130,000 candidates sat for the examination for 1,968 posts.

On Thursday night, the examination committee submitted the results to Noman.

Wednesday, July 13, 2011

Leadership change won't hamper ties: Thai envoy

The Thai ambassador in Dhaka has said Bangladesh and Thailand would continue to enjoy warm relations despite changes in leadership in Bangkok.

"I can assure you that our bilateral relations will continue to grow, no matter who is in power," Tasanawadee Miancharoen said at a media briefing on 'Destination Thailand Fair' at the Thai embassy on Tuesday.

The envoy made the remark as her country is going to see a new leadership with Yingluck Shinawatra set to become the country's first female leader.

She said the two-way trade would cross $1 billion for the last fiscal year and it is growing.

"Even two or three years back the embassy would annually issue about 40,000 visas, but now we issue 70,000," she said.

Miancharoen said Thailand is likely to invest $1 billion in power sector in the next five years.  

Saturday, July 9, 2011

Laptop 'Doel' starts trial run

'Doel', one of the four models of cheaper laptop manufactured by state-owned Telephone Shilpa Sangstha (TSS), will hit the market by the end of this month, the telecommunications minister has said.

"The price of Doel will be Tk 12,000," Rajiuddin Ahmed Raju told reporters on Friday.

"Apart from the commoners, school and college students will be able to buy the low-priced laptops," he said after seeing the trial run of the laptop factory at TSS in Gazipur.

"We've planned to export the laptops in the future after meeting the local demand," he added.

On Thursday, the minister told parliament that there would be four models of the laptop priced at Tk 10,000, 12,000, 21,000 and 25,000 which would hit the market later this month after the prime minister's approval.

The efforts to market the laptops had been going on for over two-and-a-half years.

"Now it's a Tk 1.48 billion project. At least 10,000 laptops will be produced here per month. The project can be expanded if TSS gets a larger space for its factory," he told the journalists.

TSS managing director Mohammad Ismail said, "The project is being implemented in collaboration with the Bangladesh University of Engineering and Technology, Malaysian Thin Film Transistor (TFT) and foreign experts."

He said 60 percent of the laptop parts, including the motherboard, would be manufactured in the factory.     

Thursday, July 7, 2011

Indian microfinancier reveals staff fraud


India's biggest lender to the poor, SKS Microfinance has found 156 cases of alleged embezzlement by some of its former employees worth nearly $356,800, the company said in its annual report.
Nearly 60 percent of the amount defrauded has been written off after it was not recovered. A third of the accused are currently untraceable, SKS's auditors said in the document, which covers the last financial year ended March.
In the report, SKS said it also suffered 205 cases of fake loan transactions worth $1 million, given to non-existent borrowers on the basis of fictitious documents. The company recovered just over 25 percent of the fake loans funds.
SKS has sacked all employees involved in both types of fraud and is taking legal action against them, a company spokesman told AFP on Wednesday

Tuesday, July 5, 2011


BEFORE VISIT

Paper for deals
* Transit


* Teesta water sharing
* Projects under Indian credit



Talks

Trade gap, border killings, electricity import, water resources management, enclaves, border demarcation




Indian Prime Minister Manmohan Singh will come to Bangladesh on a two-day official visit on September 6, which is expected to see a resolution to longstanding issues like Teesta water sharing, border demarcation, exchange of enclaves, transit and trade deficit.
He will visit Bangladesh at the invitation of Prime Minister Sheikh Hasina. Dhaka and New Delhi simultaneously announced the schedule of his visit yesterday afternoon.
"The visit is expected to infuse fresh dynamism into the multi-faceted and multi-dimensional relationship between the two countries. The two sides have been working towards making the visit by the Indian prime minister a successful and a fruitful one," said a statement of foreign ministry.
The announcement sets at rest all speculation about Singh's much-awaited visit to Bangladesh.
In the run-up to Singh's official visit, Indian External Affairs Minister SM Krishna will come to Dhaka tomorrow on a three-day tour.
The visit is expected to witness the signing of several memorandums of understanding on a 15-year interim arrangement for Teesta water sharing, border management, transit, cooperation in trade and railway, and projects under India's $1 billion credit to Bangladesh.
Moreover, Indian Congress Party Chief Sonia Gandhi will come to Dhaka on a two-day visit on July 24 to attend an international conference on autism.
The deal on transit will fulfil India's long-standing demand for easier and shorter connectivity between its mainland and land-locked north-eastern states.
The official announcement of the Indian prime minister's visit came after Dhaka gave the signal to sign the MoUs before Singh's visit, diplomatic sources said.
"Signing of the MoUs during SM Krishna's visit means that we are reaching an understanding for final agreements to be signed during the Indian prime minister's visit," said a senior foreign ministry official, seeking anonymity.
A number of issues are taken on board and both the sides are working relentlessly to reach an understanding, said the official.
The Indian side expects that at least three MoUs on transit, Teesta water-sharing and contracts under $1 billion credit will be signed after talks between the foreign ministers of the two countries. The projects under the line of credit are mainly related to railway infrastructure in Bangladesh.
This will be Singh's maiden bilateral visit to Bangladesh since he became prime minister -- the first time in May, 2004, and for a second term in May, 2009. It will also be the first bilateral visit to Bangladesh by an Indian prime minister in 12 years since Atal Bihari Vajpayee came to Dhaka to inaugurate the Dhaka-Kolkata bus service in 1999.
Singh, however, visited Dhaka in November, 2005 to attend the Saarc Summit, a multilateral event.
Hasina had invited Singh to Bangladesh when she was in New Delhi in January, last year when the two countries adopted a landmark 51-point joint communiqué with major decisions on bilateral cooperation in crucial areas like water sharing of Teesta and other rivers, trade, security, transit and electricity.
Our New Delhi correspondent reports: Singh, a firm and consistent proponent of India's neighbourhood diplomacy, is likely to announce some "unilateral" trade concessions to Bangladesh during his visit to address Dhaka's persistent concerns over the yawning bilateral trade gap tilted heavily in favour of India.
Another deal is also expected to be inked during his visit to resolve the long-festering issue of adversely-held enclaves and border demarcation. The issues had remained unresolved since the Indira-Mujib accord of 1974.
India and Bangladesh share a 4,156km border, 6.5 kilometres of which remain un-demarcated. Border demarcation remains pending along the north-eastern Indian state of Meghalaya where a joint survey was held up following objections from locals. It is likely to be sorted out in the next two months.
Indian Home Minister Palaniappan Chidambaram will also visit Dhaka later this month to finalise a pact on enclaves and border demarcation. Bangladesh has 3,000 acres of land inside India and 51 enclaves adversely possessed in Indian territories. Similarly, India has around 3,500 acres of land and 111 enclaves adversely possessed inside Bangladesh.
Meanwhile, Krishna at a press conference at his South Block office, said he would meet President Zillur Rahman, Prime Minister Sheikh Hasina and Leader of the Opposition Khaleda Zia.
He will also meet his counterpart Dipu Moni, and Finance Minister AMA Muhith.
The Indian minister will visit the National Memorial at Savar. Some of Hasina's advisers are expected to meet Krishna tomorrow ahead of formal talks between the two foreign ministers. 
Go to the link

Saturday, July 2, 2011

MNCs tax dodge worries UN

A UN body has urged international community to help develop a standard accounting system to stop multinational companies (MNCs) not paying tax.

"Adoption of globally consistent regulations for transfer pricing could encourage multinational companies to change their behaviour towards more transparency and accountability," according to a United Nations Development Programme (UNDP) report released recently.

Under a standard accounting system, MNCs would report sales, profit and taxes paid in all jurisdictions in their audited annual reports, it suggested.

The report, , titled "Illicit Financial Flows from the Least Developed Countries: 1990–2008" also revealed that dishonest exporters and importers, criminals, corrupt people and tax evaders sent $35 billion out of Bangladesh through illegal channels.

"Illicit fund flows from Bangladesh increased from $1.1 billion in 1990 to $4.5 billion in 2008 and the total illicit outflow is 3.41 percent of the country's gross domestic product," it said.

According to the UNDP-commissioned paper, about 65 percent of illicit fund flows from LDCs are done through trade mispricing — imports are overpriced and exports underpriced on customs documents.

The report blamed corruption, uncongenial business climate, underground economy and political instability as the driving forces behind the illicit flows.

TRADE MISPRICING

Trade mispricing accounts for a bulk of illicit outflow and tendency for mispricing has increased along with increasing external trade, says the report.

The UN body in its report, therefore, recommended systematic customs reforms and adoption of transfer pricing regulation to reduce illicit fund flows.

Implementation of specialised software to identify possible incidents of transfer pricing may also be useful, it suggests.

"Tax administration reforms and increased dependency in direct tax can be a good alternative to reduce tax evasion."

Indirect taxations are difficult to manage and it has built-in incentives for tax evasion, the report observed.

GOVERNANCE FACTORS

The UNDP report says resources are not properly allocated due to corruption as public officials favour those who are willing and able to pay bribe or kickbacks.

"Public corruption typically involves the abuse of authority or trust to private benefit," it said.

The temptation, the report reveals, indulged not only among public officials but also among the rent-seekers in private enterprises and non-profit organisation.

Poor governance encourages corrupt people to engage in malpractice as long as they believe that they can get away with the 'loot'.