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BNP tops securing 97 while ruling AL wins 93 mayors

The voting to the  242   Municipalities held on four separate dates starting on January 12, 2011 and ending on January 18, 2011 in Bangladesh under seven divisions, Rangpur, Rajshahi, Khulna, Barisal, Dhaka, Sylhet and Chittagong respectively. Results of election to the 236 municipalities have been published till now while 6 remains suspended. Main opposition Bangladesh Nationalist Party (BNP) bagged the highest number of municipalities 97 nos. Mayors Posts achieving support from 18,51,337 voters  (41.00% voter)  while ruling Awami League bagged 93 nos. of Mayors Posts getting support from 17,80,575 (39.00%  voters ).  Results: Out of 72 Municipalities of Rajshahi and Rangpur Division, BNP got 33, BNP rebel 3 while Awami League 18, Awami League rebel 6, Jamaat 5, Jatiya Party 1 and others 6. As per Media report the election was held very peacefully marking record in the electoral history of Bangladesh in the two Divisions.   Out of 49 Municipalities of Barisal and Khulna Division,

Opposition gains majority in Bangladesh Municipality Election

The voting to the 242   Municipalities held on four separate dates starting on January 12, 2011 and ending on January 18, 2011 in Bangladesh under seven divisions, Rangpur, Rajshahi, Khulna, Barisal, Dhaka, Sylhet and Chittagong respectively.  Polling Date: January 12, 2011: The Bangladesh Nationalist Party (BNP), the main opposition party of Bangladesh has won the maximum number of Mayor Posts though their candidates could not stand in front of hoodlums of ruling Awami League in maximum areas of Barisal Division and in Feni, Laxmipur and Noakhali Districts under Chittagong Division. However, BNP did unimaginable result in the election in Rajshahi and Rangpur Division in the election held on January 12, 2011.  Polling  Date: January 13, 2011: Then the election to the Municipalities of Barisal and Khulna Division were held on January  13, 2011 where massive clash, capturing polling centers, expelling polling agents of opposition party supported candidates b

BGB from BDR

No more BDR! Bangladesh Rifles (BDR) has officially been named after Border Guard of Bangladesh (BGB) today, January 23, 2011.  The renaming, though came into effect after the president signed the bill passed through parliament over a month ago, came on Sunday after prime minister Sheikh Hasina hoisted the BGB flag at its Peelkhana headquarters.  The flag has also been changed a little bit.  Bangladesh's 'first line of defence' went through a few changes, including its name and uniform, with a new law stipulating death for mutiny, apparently to absolve it of the bloody mutiny of Feb 25-26, 2009.   Parliament passed the bill, which was subsequently endorsed by the president on Dec 20 last year , bringing the changes in BDR to rid it of the stigma that would invariably be attached to its name.  But Maj Gen Mohammad Rafiqul Islam at a function on Jan 1 used his old designation as head of BDR since, according to him, 'formalities' to call him the BGB director g

Mohasthangarh: A Historical Site at Bogra in Bangladesh

Mohasthangarh: A Historical Site at Bogra in Bangladesh

Bangladesh Stock Market loses BDT 850 Billion

A total of Tk 85,000 crore have been channeled out through the Bangladesh Share Market within the last 30 working days, sources said. The General Index was 8918 points on December 5, 2010 and it labelled down at 6312 point on January 20, 2011.  The amount siphoned off during the last six month specially was very preplanned sources added. Total market capital was Tk 3,68,000 Crore (Tk 3680 Billion) on December 5, 2010 which now collapsed to Tk 2,83,000 Crore (Tk 2830 Billion) on January 20, 2011. Total Capital reduces of Tk 85,000 Crore (850 Billion), which amount is channeled out by the Market Makers in the last one month, sources said. 

Regulators fail to protect investors interests in Bangladesh

The capital market regulator has failed to play its due role in protecting interests of the retail investors and handle the stock market, says a former Bangladesh Bank governor. "It is the failure of the regulatory body [Securities and Exchange Commission] as it did not exercise its independent authority," former central bank governor Dr Salehuddin Ahmed told a discussion in the city on Sunday. Economic Reporters' Forum (ERF) organised the discussion on monetary policy management and Bangladesh Bank. "I do not understand why the finance minister keeps on saying that he made some mistakes. It is the duty of the regulator to maintain stability in the market. The SEC's approach is reactive rather than being proactive, and that is its main problem," he said. He also commented: "Before taking any decision, it should have analysed the whole situation and its impact, but it has changed its policy as a short-term remedy. A policy may favour one and hurt ano

India tortures Bangladeshi nationals at Indian frontier

Two Bangladeshi cattle traders, who were tortured and left unconscious by the Indian Border Security Force (BSF) in border areas of the district's sadar upazila, are fighting for life at Satkhira Sadar Hospital. Of the two, Rafiqul Islam, 35, is from Sultanpur of Satkhira town and Fazlur Rahman, 45, from Mahmudur village of sadar upazila. On Thursday night (January 20, 2011), the BSF men of Kaijuri camp caught Rafiqul when he and a group of fellow traders were returning to Bangladesh with cattle through Kaijuri-Baikari border, locals said. Rafiqul was beaten up and left inside Bangladesh territory around 3:30am yesterday. Bangladesh Border Guard (BGB) of Baikari camp sent him to the hospital. In another incident the same night, the BSF men of Panitor camp caught Fazlur, as he and some other traders were coming to Bangladesh through Panitor-Gazipur border. A team of BGB from Baikari camp found him lying unconscious on Bangladesh side of the border early yesterday and rushed hi