Tuesday, April 23, 2024

GSP withdrawal for Bangladesh under consideration: US

Decision on next steps by June The United States on Thursday said withdrawal of Generalised System of Preferences facility for Bangladesh was under consideration and the decision on it would be announced by the end of June. ‘All options remain under consideration, including possible suspension, limitation or withdrawal of GSP benefits,’ said Lewis Karesh, who ... Read more

All options about GSP under consideration

The United States administration will announce its decision on GSP benefits for Bangladeshi products by the end of this month and all options are under consideration, including possible suspension, limitation, or withdrawal of the facilities. “The Administration will announce a decision on the petition by the end of June; and all options remain under consideration,

Dipu Moni backs proposed trade pact with US

The proposed Trade and Investment Cooperation Framework Agreement (TICFA) will help in expansion of trade between Bangladesh and the US, foreign minister Dr Dipu Moni said on Wednesday. “TICFA is an official platform that can resolve problems in trade and commerce. Of course, the agreement will be mutually beneficial for Bangladesh and US and

Bangladeshis out of DV-13 lottery

Citizens of 18 other countries cannot apply next year The United States has declared 19 countries including Bangladesh ineligible for the upcoming Diversity Visa (DV) 2013. The State Department in an announcement said all these 19 countries ‘sent a total of more than 50,000 immigrants to the United States in the previous five

10 yrs on, US still mourns

Americans yesterday remembered the horror of September 11, 2001, and the nearly 3,000 people who died in the hijacked plane attacks as authorities worked to ensure the emotional 10th anniversary was peaceful. Law enforcement authorities in New York and Washington were on high alert against what was described as a “credible but unconfirmed” threat of ... Read more

US for govt talks with Yunus

Blake says compromise possible; Wolfensohn backs amicable solution The United States yesterday called for a dialogue between Prof Muhammad Yunus and Bangladesh government to reach a solution to the dispute over the status of the Nobel laureate in the Grameen Bank he founded. “‘I do believe that a compromise is possible and I am encouraging ... Read more

Room still there for compromise

Blake says about Yunus’ removal after meeting PM; Muhith says Yunus could be a fellow at GB US Assistant Secretary of State for South and Central Asian Affairs Robert Blake yesterday said “there is still room for compromise” in resolving the issue arising from the removal of Nobel laureate Prof Muhammad Yunus as the Managing ... Read more

Senator Kerry worried at ‘removal’ of Prof Yunus

Senator John Kerry, chairman of the United States senate committee on foreign relations, has expressed concern over ‘removal’ of Nobel laureate Muhammad Yunus from Grameen Bank, saying the international community would keep a close eye on the situation. “I am deeply concerned by efforts to remove Muhammad Yunus as managing director of the

‘Removal’ rolls into HC

Order on Yunus’ petition Sunday; Nobel hero wants a ‘graceful solution’ to his departure from Grameen Professor Muhammad Yunus yesterday went to court challenging the central bank order that removed him from the post of managing director of Grameen Bank, while the wider international community showed its displeasure at the way the Nobel prize winner ... Read more

US deeply troubled

Moriarty says Hillary-Yunus meet Mar 28; diplomats, donors worried, frustrated Foreign diplomats in Bangladesh have sharply reacted to the government’s move to remove Nobel laureate Prof Muhammad Yunus from Grameen Bank and none of them took it positively. They said they never thought that the government could make such an extreme move against an internationally ... Read more

Arguments at court

Appearing for Prof Muhammad Yunus, eminent jurist Dr Kamal Hossain prayed for a ruling on the government to explain why the Bangladesh Bank’s “letter of removal” should not be declared illegal. He also prayed for a stay order on the effectiveness of the central bank’s letter. Nobel laureate Yunus at the High Court yesterday challenged ... Read more

Image dented

Admits Muhith, but says ‘we had no other alternative’ Bangladesh’s image has been dented due to the government’s “removal” of Nobel laureate Professor Muhammad Yunus from Grameen Bank, Finance Minister AMA Muhith admitted yesterday. “It has not lifted the country’s image at all, but we had no other alternative,” he told journalists after a meeting ... Read more

Yunus ‘removed’

Central Bank issues letter to Grameen Bank; Grameen terms it a legal issue, insists the Nobel hero still holds office Dr Muhammad Yunus, the man who brought a Nobel Prize for Bangladesh, and the most celebrated living Bangladeshi around the globe, was unceremoniously relieved of his duties at Grameen Bank yesterday through a Bangladesh Bank ... Read more

Micro-credit borrowers baffled

Prof Muhammad Yunus’ removal from the post of Grameen Bank’s managing director surprised many of its borrowers, who dubbed him the pathfinder in elevating them from poverty. Ayesha Khatun of Noorpur in Pabna took a Tk 130,000 loan from Grameen Bank on November 10, 2009 to help her son run a computer

Unfair, ominous

Say economists, Yunus admirers; US embassy ‘deeply troubled’ by move Economists with huge policy-making experience denounced the way the government decided to remove Prof Muhammad Yunus from the Nobel Prize winning Grameen Bank. Prof Wahiduddin Mahmud, Dr Hossain Zillur Rahman, and Dr Debapriya Bhattacharya said the move will send a negative signal to the country’s ... Read more

Yunus removal seen as harassment move

Economists, rights activists and jurists saw the removal of Muhammad Yunus from Grameen Bank as a move to harass an individual instead of bringing remedy to people’s sufferings caused by the much-hyped micro credit. Jahangirnagar University’s economics teacher Anu Muhammad said that the government’s