Geneva (Switzerland), Oct 23 (UNB) - President Abdul Hamid on Tuesday called for greater investment in human capital – education, health and skill development -- to face the future challenges.
“We must invest more and more in our people, in their education and skill development. Only the right investment in the human capital can prepare us for the very demanding future,” he said.
The President made the remarks while delivering his speech at a conference titled ‘Investment in a New Era of Globalization’ in Global Leaders Investment Summit here.
The five-day UNCTAD’s World Investment Forum 2018 began at the Palais des Nations, the UN office in Geneva, on October 22.
He said, “We should make sure investments also respect the preservation of environment and facilitate sustainable development in line with our commitment to the Sustainable Development Agenda. We must, therefore, encourage the private sector to invest in the green and renewable energy by providing incentives and preferential treatments.”
Hamid said globalisation is not a very recent phenomenon though they witnessed spectacular manifestations of some of its discontents recently.
Industrial revolution and scientific inventions sped up the process over the years, President Hamid said adding: “Unprecedented technological advancement in the 20th century and the resulting ever enhancing connectivity brought revolution in transfer of goods and services. But the benefits of the wealth didn’t reach everyone equally.”
Mentioning the recent discontents of globalisation, the President said, “We may explore what remedies could be made in investment policymaking so that more people could benefit from globalisation.
Referring to UNCTAD’s World Investment Report 2018, the President said global FDI fell by 23 percent in 2017 while FDI to developing countries did not recover after a 10 percent drop in 2016. The FDI to the LDCs also fell by 17 percent last year.
“So, we’ve reasons to be concerned, especially because in the wake of the last financial crisis. The weakened globalization had a devastating impact on global economic growth, trade and investment,” Hamid added.
Calling for making the international system just and equitable, the President said, “We need to assist the graduating LDCs with smooth transition by continuing the preferential treatment for a reasonable period to provide duty- and quota-free access to them and to increase private FDI to the LDCs, offer incentives to the private entities of the developed countries for transfer of technology in line with Articles 66.2 and 67 of the TRIPs Agreement.”
Presidents of Mongolia and Montenegro Khaltmaagiin Battulga and Milo Đukanović, President of the UN General Assembly, Secretary General of UNCTAD MukhisaKituyi, representatives from international organisations and multinational companies were present at the programme.
Dhaka, Oct 23 (UNB) - The European Union has said it is committed to help finding a sustainable solution to the Rohingya crisis and delivered additional €15 million in support to assist Rohingyas in Bangladesh.
“Over half of the Rohingya refugees under 18 years of age and the conflict have left many women having to look after their families alone. So the priority of this €15 million support package will be on the needs of children, young people, female-headed households and families," said Commissioner for International Cooperation and Development Neven Mimica.
The EU has so far made available €65 million in humanitarian assistance, EU Embassy in Dhaka said on Tuesday.
It has been providing substantial political, development and humanitarian support in response to the Rohingya refugee crisis from the outset.
The support will deliver on the medium-term development needs of the refugees and their host communities in the Cox's Bazar region of Bangladesh.
It will focus on community development, social cohesion, mitigating risks of tensions, as well as gender equality.
The above-mentioned support measures will help to make these communities more resilient – an approach also recognised by the Global Compact on Refugees (link is external), which is expected to be adopted before the end of 2018 and to be subsequently endorsed by the United Nations General Assembly.
The EU welcomed the World Bank's recent pledge of development support (link is external) and encourages other development donors to follow suit.
Dhaka, Oct 23 (UNB) – Road, Transport and Bridges Minister Obaidul Quader on Tuesday said the decision on the size of the election-time cabinet will be taken at a meeting on October 26.
A joint meeting of Awami League central working committee and its advisory parliamentary committees will be held at 6 pm on the day to take the decision, Quader, also the AL general secretary, said while briefing reporters at his secretariat office in the city.
According to the Prime Minister’s Monday’s speech, he said, there is little possibility to downsize the cabinet.
Prime Minister Sheikh Hasina on Monday preferred not to downsize the cabinet ahead of the election for the sake of completing the ongoing crucial development projects.
Quader also said, “If the size is smaller, two or more ministers can be added.”
The meeting will also decide the declaration of the party manifesto for the upcoming general election, he added.
“The Election commission will declare the schedule for the upcoming national election by the first week of November,” the AL general secretary said.
The Election Commission will work to create a level-playing field and conduct the election in a free and fair manner, he said.
“Who will contest the election to be decided by the commission,” said the AL leader.
The duties of the election-time cabinet will be limited, said the minister adding, “It’ll do only routine works. There’ll be no Ecnec meeting, no bills will be passed, and no project will be inaugurated either at that time.”
Responding to a query whether there will be any cabinet meeting, the minister said if the Prime Minister wants, cabinet meetings could be held. “But no agenda will be implemented at that time.”
In other democratic countries of the world, normally elections are held under the government that are in power. “The same will happen in our country, too,” he said.
Responding to another question whether barrister Mainul Hosein was arrested for joining Oikya Front, Quader said, “He was arrested for abusing a female journalist, not for his political identity, but in a case filed against him.. there is no political reason.”
He asked the journalists just to forget that Mainul was arrested for his political identity.
Digital Security Act Amendment
While replying to a query on the Digital Security Act, the minister said there is no chance of any amendment to the much-debated act before the next general election.
“We’ll keep it under observation if there is any misuse of the Act. If anyone doesn’t commit any crime, then why he would be worried about it,” he added.
“A local AL leader filed a case against a woman of Jhenaigati upazila in Sherpur under the Act for distorting my photo on Facebook. When I heard about it, I asked the police to discharge her from the case,” said the minister.
Grand Alliance Size
Responding to another question whether the size of the grand alliance will be extended further, he said the decision will be finalised after observing other political alliances.
Asked about the government’s previous promises that the mega projects would be completed during its current tenure, Obaidul said, “Mega projects like Padma Bridge and Metro Rail are now visible.”
BNP & Jatiya Party
Replying to another question whether BNP will join the election, he said there will be level-playing during the election. “So, there is no need to invite them.”
He also denied that there was any international pressure to invite them to join the election.
Referring to Jatiya Party Chairman’s HM Ershad’s recent speech on the election, Quader said, “As he (Ershad) is admitted to the CHM, he may fear about the election.”
“The election will be held in time,” the AL leader insisted.
Dhaka, Oct 23 (UNB) - A court here on Tuesday discharged Jatiya Party lawmaker AKM Salim Osman from a case filed over humiliating school teacher Shyamol Kanti Bhakta in public in Narayanganj in 2016.
Chief Judicial Magistrate Dr AKM Emdadul Haque of Dhaka passed the order after hearing a discharge petition filed by Salim’s lawyer Mohamamd Ashraful as the court “found no ground” to frame charges against him.
The court indicted another accused Mohammad Opu as the charge brought against him of assaulting the headmaster physically was proved.
On May in 2016, Shyamol Kanti, headmaster of Piyar Sattar Latif High School in Narayanganj, was humiliated and forced to squat holding his ears in presence of local Jatiya Party MP Salim Osman.
A video clip of the incident went viral on social media networks sparking off huge protests across the country.
Dhaka, Oct 23 (UNB) - The rail communications of Khulna with other parts of the country were restored after around three and half hours of suspension following an accident in Noapara of Abhaynagar upazila on Tuesday morning.
The accident took place around 7:35 am when Rajshahi-bound ‘Kobotak Express Train’ from Khulna hit a truck while it was passing through an illegal rail crossing, leaving the train engine dysfunctional on the tracks, said Station Master Md Mohsin of Noapara Railway Station.
However, the rail communication was restored around 10:55 am after clearing the route, said the station master.