সর্বশেষ
সর্বশেষ

Day: February 6, 2022

The songbird falls silent

Lata Mangeshkar’s voice is immortal. Yet if there is one song of hers that perfectly captures tributes to one of India’s most beloved and revered singers, who passed away in a Mumbai hospital yesterday after a near month-long battle with post-Covid complications, it is “Naam gum jayega” from the 1977 movie “Kinara”. For all latest news, follow The Daily Star’s Google News channel. The song has the lyric “Naam gum jayega, chehara ye badal jayega/ Meri awaaz hi pehchan hai, agar yaad rahe” (My name will be lost, my face will change/ My voice is my identity, only if you can remember). It is impossible to forget one of India’s greatest cultural icons, whose songs spoke to the emotions of millions in South Asia, regardless of age or background. This became clearer than ever as Indian Prime Minister Narendra Modi led thousands of mourners, many of them in tears, at Mumbai’s landmark Shivaji Park where Bharat Ratna Lata Mangeshkar was cremated with full state honours. Representatives of the army, air force and navy joined others from various walks of life, including cricketer Sachin Tendulkar and Bollywood superstar Shah Rukh Khan among the celebrities, in bidding farewell to her. At 92, Lata breathed her last in Mumbai’s Breach Candy Hospital where she was undergoing treatment since January 8 after being diagnosed with Covid and exhibiting mild symptoms. She was also diagnosed with pneumonia. “Lata di died at 8:12am due to multi organ failure after over 28 days since her Covid-19 diagnosis,” Dr Pratit Samdani, who was treating the singer at the hospital, told reporters. The Indian government declared a two-day national mourning during which the national flag would fly at half-mast. The Maharashtra government announced a public holiday in the state and the West Bengal government half a day’s holiday today as a mark of respect for Lata. Lata Mangeshkar had a prodigious career spanning almost eight decades during which she sang an estimated 25,000 songs in 36 Indian languages, including Hindi, Bangla, Marathi, Tamil and Kannada, of classical and other genres. Soon after news of Lata’s death broke, tributes poured in with President Ram Nath Kovind and PM Modi leading a heartbroken nation in remembering her. “Lata-ji’s demise is heart-breaking for me, as it is for millions the world over. In her vast range of songs, rendering the essence and beauty of India, generations found expression of their inner-most emotions. A Bharat Ratna, Lata-ji’s accomplishments will remain incomparable,” Kovind said. Modi said he was “anguished beyond words”. “The kind and caring Lata Didi has left us. She leaves a void in our nation that cannot be filled. The coming generations will remember her as a stalwart of Indian culture, whose melodious voice had an unparalleled ability to mesmerise people,” he said in a tweet. “Lata Didi’s songs brought out a variety of emotions. She closely witnessed the transitions of the Indian film world for decades. Beyond films, she was always passionate about India’s growth. She always wanted to see a strong and developed India,” he added. Lata Mangeshkar’s cross-border appeal was evident when Bangladesh President Abdul Hamid, Prime Minister Sheikh Hasina and Pakistan’s Information and Broadcasting Minister Fawad Hussain paid rich tributes. Considered one of the greatest playback singers in Indian cinema, Lata received several film awards and Indian government’s top civilian honours like Padma Bhushan, Padma Vibhushan, Bharat Ratna (2001), and Dada Saheb Phalke Award, Indian cinema’s highest award, and multiple national film awards. During her career, she had earned many sobriquets — Queen of Melody, Nightingale of India and simply The Legend. Many, including some the biggest music directors and actors, equated her voice with that of Goddess Saraswati. Among some of her most popular numbers are “Aye Mere Watan Ke Logon”, which brought tears to the eyes of the then Indian PM Jawaharlal Nehru in 1963. Born in Indore, Lata Mangeshkar was the eldest child of Deenanath Mangeshkar, a Marathi musician and Gujarati homemaker Shevanti. The untimely death of her father brought the financial burden of the family on her teenaged shoulders. Family friend Master Vinayak came to the aid of the family and Lata started singing and acting in his father’s theatre company. Since music was the be-all and end-all of Lata Mangeshkar’s life, it would be apt to wrap up a tribute by recalling the 1966 Hindi film “Mamta” song “Rahen na rahen hum”, the lyrics of which loosely translate to “Whether or not I am here, I will remain as a fragrance in this garden”. Lata’s voice will continue to live long after her death. Apple Google Click to comment The Daily Star | বাংলা ১ ঘণ্টা আগে|করোনাভাইরাস রাজধানীর ভাসমান জনগোষ্ঠীকে টিকা দেওয়া শুরু রাজধানী ঢাকার ভাসমান জনগোষ্ঠীকে করোনা টিকা দেওয়া শুরু করেছে সরকার। রোববার রাত পৌনে ৮টার দিকে কমলাপুর রেলস্টেশনের ভাসমানদের টিকা দেওয়া হয়। ১১ ঘণ্টা আগে|শ্রদ্ধাঞ্জলি বিদায় গানের পাখি… Music There will never be another Lata Mangeshkar India’s Nightingale passes away at 92 Sadi Mohammad Shahnewaz Mon Feb 7, 2022 12:00 AM Last update on: Mon Feb 7, 2022 12:00 AM Lata Mangeshkar was the face of Indian music for over 7 decades. “I will continue to sing till my last breath. We Mangeshkars are a family devoted to music. Take music away from our lives, and we are nothing.” Lata Mangeshkar to Indian media in 2018 As celebrations of Saraswati Puja ended, the world incurred the irrevocable loss of the ‘Saraswati’ of music, the next morning. For all latest news, follow The Daily Star’s Google News channel. Lata Mangeshkar, India’s indomitable songstress, passed away at 8:12 am yesterday at the age of 92, due to post-covid complications. She left behind a legacy of more than 30,000 songs across 36 different languages. Intriguingly, that is not why she is considered one of the greatest musicians to ever live – her longevity, exceptional humility, sheer conviction and god-gifted voice made her second to none. For more than 7 decades, she was the top singer in a country, in which music is held

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Sattar IPDC’s new chairman

IPDC Finance Ltd recently witnessed the appointment of a new chairman. The appointee, Kazi Mahmood Sattar was an independent director and chairman of the board executive committee of Brac Bank, a press release said. For all latest news, follow The Daily Star’s Google News channel. Sattar started his career with ANZ Grindlays Bank in 1981. During his 40-year-long career, he also worked in Eastern Bank and City Bank as a managing director and chief executive officer. He is currently chairman of RSA Advisory Ltd and Blue Wealth Assets Ltd and a member of the board of directors of bKash. Apple Google Click to comment The Daily Star | বাংলা ১ ঘণ্টা আগে|করোনাভাইরাস রাজধানীর ভাসমান জনগোষ্ঠীকে টিকা দেওয়া শুরু রাজধানী ঢাকার ভাসমান জনগোষ্ঠীকে করোনা টিকা দেওয়া শুরু করেছে সরকার। রোববার রাত পৌনে ৮টার দিকে কমলাপুর রেলস্টেশনের ভাসমানদের টিকা দেওয়া হয়। ১২ ঘণ্টা আগে|শ্রদ্ধাঞ্জলি বিদায় গানের পাখি… Organisation News Nokia posts strong profit in 2021 AFP, Helsinki Fri Feb 4, 2022 12:00 AM Last update on: Fri Feb 4, 2022 01:35 AM Finnish telecoms giant Nokia reported a solid increase in profits in 2021 on Thursday and issued a confident outlook for the coming years as sales rose despite supply problems. “I would like to call it a transformational year,” CEO Pekka Lundmark told reporters after the group posted a net profit of 1.6 billion euros ($1.8 billion), driven by a 1.6 per cent increase in sales to 22.2 billion euros. For all latest news, follow The Daily Star’s Google News channel. The results follow a string of quarterly earnings surprises for the network equipment maker, which has been flagging in the race for the 5G network equipment market against Sweden’s Ericsson and China’s Huawei. Since taking the helm in 2019, Lundmark has overseen a wide-ranging restructuring and cost-cutting programme, with savings invested into developing new, more competitive products. Apple Google Click to comment The Daily Star | বাংলা ১ ঘণ্টা আগে|করোনাভাইরাস রাজধানীর ভাসমান জনগোষ্ঠীকে টিকা দেওয়া শুরু রাজধানী ঢাকার ভাসমান জনগোষ্ঠীকে করোনা টিকা দেওয়া শুরু করেছে সরকার। রোববার রাত পৌনে ৮টার দিকে কমলাপুর রেলস্টেশনের ভাসমানদের টিকা দেওয়া হয়। ১২ ঘণ্টা আগে|শ্রদ্ধাঞ্জলি বিদায় গানের পাখি… Organisation News Nurjahan Group owner barred from leaving country Staff Correspondent, Chattogram Fri Feb 4, 2022 12:00 AM Last update on: Fri Feb 4, 2022 01:27 AM The Money Loan Court in Chattogram has barred Nurjahan Group owner Zahir Ahammed from leaving the country in a case filed in connection with defaulted loans of Tk 118.5 crore. A ruling was issued on Wednesday against Ahammed, also the managing director of M/S Ahammed Traders, a concern of Nurjahan Group, based on the case filed by the Khatunganj branch of National Bank Ltd on January 22, 2020. For all latest news, follow The Daily Star’s Google News channel. Justice Mujahidur Rahman of the court issued the ruling in response to an appeal. Ahammed also serves as the managing director of Jasmir Super Oil Ltd, another concern of the group. Five cases have been lodged against Nurjahan Group so far for defaulting on loans worth around Tk 400 crore with different banks. “The appeal was made out of fear that the accused would flee the country without settling the dues,” said Jamal Uddin Ahmed, manager of the Khatunganj branch of National Bank. “The accused has been in hiding for a long time and we fear that he too may flee as his wife and children already live in Canada.” Zahir Ahammed could not be reached for comments. Apple Google Click to comment The Daily Star | বাংলা ১ ঘণ্টা আগে|করোনাভাইরাস রাজধানীর ভাসমান জনগোষ্ঠীকে টিকা দেওয়া শুরু রাজধানী ঢাকার ভাসমান জনগোষ্ঠীকে করোনা টিকা দেওয়া শুরু করেছে সরকার। রোববার রাত পৌনে ৮টার দিকে কমলাপুর রেলস্টেশনের ভাসমানদের টিকা দেওয়া হয়। ১২ ঘণ্টা আগে|শ্রদ্ধাঞ্জলি বিদায় গানের পাখি… Organisation News Tasty Treat food stall at trade fair wins gold Star Business Desk Fri Feb 4, 2022 12:00 AM Last update on: Fri Feb 4, 2022 01:26 AM Tasty Treat, a fast food retail brand of Pran-RFL Group, has received a gold medal under food stall category at the 26th Dhaka International Trade Fair-2022. The Export Promotion Bureau presented the award, said a press release. For all latest news, follow The Daily Star’s Google News channel. Textiles Minister Golam Dastagir Gazi, Commerce Minister Tipu Munshi and Md Jashim Uddin, president of the Federation of Bangladesh Chambers of Commerce and Industry, handed over the certificate and trophy. The event took place at Bangabandhu Bangladesh-China Friendship Exhibition Center in Purbachal, Dhaka on Monday. Apple Google Click to comment The Daily Star | বাংলা ১ ঘণ্টা আগে|করোনাভাইরাস রাজধানীর ভাসমান জনগোষ্ঠীকে টিকা দেওয়া শুরু রাজধানী ঢাকার ভাসমান জনগোষ্ঠীকে করোনা টিকা দেওয়া শুরু করেছে সরকার। রোববার রাত পৌনে ৮টার দিকে কমলাপুর রেলস্টেশনের ভাসমানদের টিকা দেওয়া হয়। ১২ ঘণ্টা আগে|শ্রদ্ধাঞ্জলি বিদায় গানের পাখি… Press Releases Nagad offers instant cashback on tuition fees of selective educational institutions Thu Feb 3, 2022 05:15 PM Last update on: Thu Feb 3, 2022 05:26 PM Mobile Financial Service ‘Nagad’ has come up with a cashback offer to reduce hassles to pay students tuition fees at their respective institutions. From now on, students who pay fees at school, college, and university’s will receive 5 percent instant cashback or up to BDT 50 per month. The campaign started on 1 February 2022 and it will last till 30 of April 2022. During the campaign, through Nagad wallet, a student can avail this 5 percent or up to BDT 50 in the first transaction of fees payment in a month. As a result, from February to April, they will be able to receive up to BDT 150 cashback in three months in a row. For all latest news, follow The Daily Star’s Google News channel. Some notable institutions are in the list who are collecting their academic fees from students through Nagad; Bangladesh University of Engineering and Technology, BKSP Public School, Academia, Daffodil International School, Tejgaon Govt’ High School, Armed Police Battalion School and College, Ramu Cantonment English School, Dhaka Polytechnic Institute, Chattagram College, Government Mujib College, Ideal

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Positivity rate coming down; 29 Covid deaths, 8,345 cases in 24 hours

At least 8,345 new infections were recorded and 29 people died from Covid-19 in 24 hours till 8:00 am today, said a press release issued by the Directorate General of Health Services (DGHS). The current positivity rate is 21.50 percent while the total positivity rate stands at 14.63 percent. For all latest news, follow The Daily Star’s Google News channel. The total number of Covid-19 deaths in the country now stands at 28,589 and the mortality rate stands at 1.54 percent. Meanwhile, the total number of cases rose to 18,61,532, added the release. A total of 38,821 samples were tested across the country in the 24 hours. At least 8,159 patients have recovered from Covid-19 during the period. The total number of recoveries now stands at 16,02,550 and the recovery rate at 86.09 percent, added the release. Of the 29 deceased, 15 were male and 14 were female. Of them, one was between 31-40 years old, two between 41-50, five between 51-60 and 21 were above 60 years old, added the release. Apple Google Click to comment The Daily Star | বাংলা ৪২ মিনিট আগে|করোনাভাইরাস রাজধানীর ভাসমান জনগোষ্ঠীকে টিকা দেওয়া শুরু রাজধানী ঢাকার ভাসমান জনগোষ্ঠীকে করোনা টিকা দেওয়া শুরু করেছে সরকার। রোববার রাত পৌনে ৮টার দিকে কমলাপুর রেলস্টেশনের ভাসমানদের টিকা দেওয়া হয়। ১০ ঘণ্টা আগে|শ্রদ্ধাঞ্জলি বিদায় গানের পাখি… Deaths & infections 36 Covid-19 deaths, 8,359 cases reported in 24 hours Star Digital Report Sat Feb 5, 2022 04:37 PM Last update on: Sat Feb 5, 2022 04:40 PM Bangladesh coronavirus At least 8,359 new infections were recorded and 36 people died from Covid-19 in 24 hours till 8:00 am today, said a press release issued by the Directorate General of Health Services (DGHS). The current positivity rate is 23.83 percent while the total positivity rate stands at 14.61 percent. For all latest news, follow The Daily Star’s Google News channel. The total number of Covid-19 deaths in the country now stands at 28,560 and the mortality rate stands at 1.54 percent. Meanwhile, the total number of cases rose to 18,53,1887, added the release. A total of 35,074 samples were tested across the country in the 24 hours. At least 7,017 patients have recovered from Covid-19 during the period. The total number of recoveries now stands at 15,94,391 and the recovery rate at 86.04 percent, added the release. Of the 36 deceased, 21 were male and 15 were female. Of them, one was between 21-30 years old, two between 31-40, two between 41-50, six between 51-60 and 25 were above 60 years old, added the release. Apple Google Click to comment The Daily Star | বাংলা ৪২ মিনিট আগে|করোনাভাইরাস রাজধানীর ভাসমান জনগোষ্ঠীকে টিকা দেওয়া শুরু রাজধানী ঢাকার ভাসমান জনগোষ্ঠীকে করোনা টিকা দেওয়া শুরু করেছে সরকার। রোববার রাত পৌনে ৮টার দিকে কমলাপুর রেলস্টেশনের ভাসমানদের টিকা দেওয়া হয়। ১০ ঘণ্টা আগে|শ্রদ্ধাঞ্জলি বিদায় গানের পাখি… Deaths & infections 30 Covid deaths, 9,052 cases reported in 24 hours Star Digital Report Fri Feb 4, 2022 04:49 PM Last update on: Fri Feb 4, 2022 04:52 PM Bangladesh coronavirus At least 9,052 new infections were recorded and 30 people died from Covid-19 in 24 hours till 8:00 am today, said a press release issued by the Directorate General of Health Services (DGHS). The current positivity rate is 22.95 percent while the total positivity rate stands at 14.58 percent. For all latest news, follow The Daily Star’s Google News channel. The total number of Covid-19 deaths in the country now stands at 28,524 and the mortality rate stands at 1.55 percent. Meanwhile, the total number of cases rose to 18,44,828, added the release. A total of 39,445 samples were tested across the country in the 24 hours. At least 6,282 patients have recovered from Covid-19 during the period. The total number of recoveries now stands at 15,87,374 and the recovery rate at 86.04 percent, added the release. Of the 30 deceased, 19 were male and 11 were female. Of them, two were between 21-30 years old, two between 41-50, four between 51-60, and eight were within 61-70, 10 between 71-80, and four within 81-90 years old, added the release. Apple Google Click to comment The Daily Star | বাংলা ৪২ মিনিট আগে|করোনাভাইরাস রাজধানীর ভাসমান জনগোষ্ঠীকে টিকা দেওয়া শুরু রাজধানী ঢাকার ভাসমান জনগোষ্ঠীকে করোনা টিকা দেওয়া শুরু করেছে সরকার। রোববার রাত পৌনে ৮টার দিকে কমলাপুর রেলস্টেশনের ভাসমানদের টিকা দেওয়া হয়। ১০ ঘণ্টা আগে|শ্রদ্ধাঞ্জলি বিদায় গানের পাখি… Deaths & infections 33 Covid deaths, 11,596 cases reported in 24 hours Star Digital Report Thu Feb 3, 2022 05:29 PM Last update on: Thu Feb 3, 2022 05:31 PM Bangladesh coronavirus At least 11,596 new infections were recorded and 33 people died from Covid-19 in 24 hours till 8:00 am today, said a press release issued by the Directorate General of Health Services (DGHS). The current positivity rate is 25.86 percent while the total positivity rate stands at 14.55 percent. For all latest news, follow The Daily Star’s Google News channel. The total number of Covid-19 deaths in the country now stands at 28,494 and the mortality rate stands at 1.55 percent. Meanwhile, the total number of cases rose to 18,35,776, added the release. A total of 44,843 samples were tested across the country in the 24 hours. At least 5,955 patients have recovered from Covid-19 during the period. The total number of recoveries now stands at 15,81,092 and the recovery rate at 86.13 percent, added the release. Of the 33 deceased, 22 were male and 11 were female. Of them, one was between 21-30 years old, one was between 31-40, two were between 41-50, four between 51-60, and the rest are above 60 years old, added the release. Apple Google Click to comment The Daily Star | বাংলা ৪২ মিনিট আগে|করোনাভাইরাস রাজধানীর ভাসমান জনগোষ্ঠীকে টিকা দেওয়া শুরু রাজধানী ঢাকার ভাসমান জনগোষ্ঠীকে করোনা টিকা দেওয়া শুরু করেছে সরকার। রোববার রাত পৌনে ৮টার দিকে কমলাপুর রেলস্টেশনের ভাসমানদের টিকা দেওয়া হয়। ১০ ঘণ্টা আগে|শ্রদ্ধাঞ্জলি বিদায় গানের পাখি… Deaths & infections 36 Covid deaths, 12,193 cases reported in 24 hours Star Digital Report

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Covid-19 vaccination for floating population begins in Dhaka

The government has started administering Covid-19 vaccine to the floating population at Kamalapur Railway Station in Dhaka from tonight. Dr Abul Bashar Mohammad Khurshid Alam, director general of Directorate General of Health Services (DGHS), inaugurated the vaccine inoculation programme to floating people at Kamalapur Railway Station at 7:45pm, Dr Shamsul Haq, member secretary of National Covid-19 Vaccine Task Force, told The Daily Star. For all latest news, follow The Daily Star’s Google News channel. Johnson & Johnson vaccine shots were being administered to them, he said, adding that the floating population across the country will come under the vaccination programme gradually. The vaccination programme was assisted by Dhaka South City Corporation while it was coordinated by Brac. Besides, Bidyananda Foundation and Sajida Foundation are also part of the vaccination programme. Apple Google Click to comment The Daily Star | বাংলা ২ ঘণ্টা আগে|বাংলাদেশ স্বাধীন বাংলাদেশে বঙ্গবন্ধুর সঙ্গে লতা মঙ্গেশকর মুক্তিযুদ্ধের পরপর ১৯৭২ সালে লতা মঙ্গেশকর ভারতের একটি সাংস্কৃতিক দলের সঙ্গে বাংলাদেশে এসেছিলেন এবং সে সময় তিনি ঢাকায় বঙ্গবন্ধু শেখ মুজিবুর রহমান ও তার পরিবারের সঙ্গে দেখা করেন। এইমাত্র|বন্যপ্রাণী সাফারি পার্কে বাঘ-জেব্রার মৃত্যু: কোনো প্রশ্নের উত্তর নেই পরিবেশমন্ত্রীর কাছে Vaccine Vaccination of Qawmi madrasa students begins Star Digital Report Sun Feb 6, 2022 12:01 PM Last update on: Sun Feb 6, 2022 12:03 PM Reuters file photo The health directorate started a special drive to inoculate Qawmi madrasa students with Covid-19 vaccines today. Students of Jamia Siddiquia Noorani Women’s Madrasa in the capital’s Mirpur area were the first to get inoculated under the special campaign. For all latest news, follow The Daily Star’s Google News channel. High ups from the Directorate General of Health Services (DGHS) including Additional Director General Prof Meerjady Sabrina, Member Secretary of National Vaccine Deployment Taskforce at the DGHS Dr Shamsul Haque and the Dhaka district civil surgeon were present at the event among others. “Qawmi madrasa high-ups could not provide us the exact number of students. They have said there were around 40 lakh students countrywide. We will inoculate all aged 12 and above gradually,” Dr Shamsul Haque told The Daily Star. From November 1 last year, the DGHS started inoculation campaign for schoolchildren aged 12 and above. Apple Google Click to comment The Daily Star | বাংলা ১ ঘণ্টা আগে|করোনাভাইরাস রাজধানীর ভাসমান জনগোষ্ঠীকে টিকা দেওয়া শুরু রাজধানী ঢাকার ভাসমান জনগোষ্ঠীকে করোনা টিকা দেওয়া শুরু করেছে সরকার। রোববার রাত পৌনে ৮টার দিকে কমলাপুর রেলস্টেশনের ভাসমানদের টিকা দেওয়া হয়। ১১ ঘণ্টা আগে|শ্রদ্ধাঞ্জলি বিদায় গানের পাখি… Vaccine Omicron-specific booster may not be needed: US study Reuters Sat Feb 5, 2022 11:56 AM Last update on: Sat Feb 5, 2022 11:57 AM Image: Reuters/ File A study in monkeys pitting the current Moderna Inc Covid-19 booster against an Omicron-specific booster showed no significant differences in protection, suggesting an Omicron-specific booster may not be needed, US government researchers reported on Friday. The study involved monkeys vaccinated with two doses of Moderna’s vaccine who were dosed nine months later with either the conventional Moderna booster or one specifically targeting the Omicron variant. For all latest news, follow The Daily Star’s Google News channel. The researchers tested various aspects of the animals’ immune responses and exposed them to the virus. They found both boosters produced “comparable and significant increases in neutralizing antibody responses” against all of the variants of concern, including Omicron, according to the study, posted on bioRxiv ahead of peer review. Both Moderna Inc and BioNTech/Pfizer Inc have started testing Omicron-specific boosters of their vaccines in human clinical trials. “This is very, very good news,” Daniel Douek, a vaccine researcher at the National Institute of Allergy and Infectious Diseases who co-lead the study, said in a telephone interview. “It means we don’t need to radically redesign the vaccine to make it an Omicron vaccine.” Douek said he believes the reason is that both the original and the Omicron-specific vaccines are “cross-reactive,” meaning they can recognize lots of different variants. The results are similar to studies testing a Moderna booster targeting the Beta variant, said Dr. John Moore, a professor of microbiology and immunology at Weill Cornell Medical College who was not involved in the study. “Let’s see what the human data show,” Moore said. “Monkey data are generally pretty predictive, but you are going to need the human data.” One key advantage of the monkey study is that researchers can boost the animals and then infect them with the virus and measure the immune response, something that could not be done in human trials, Moore said. Apple Google Click to comment The Daily Star | বাংলা ১ ঘণ্টা আগে|করোনাভাইরাস রাজধানীর ভাসমান জনগোষ্ঠীকে টিকা দেওয়া শুরু রাজধানী ঢাকার ভাসমান জনগোষ্ঠীকে করোনা টিকা দেওয়া শুরু করেছে সরকার। রোববার রাত পৌনে ৮টার দিকে কমলাপুর রেলস্টেশনের ভাসমানদের টিকা দেওয়া হয়। ১১ ঘণ্টা আগে|শ্রদ্ধাঞ্জলি বিদায় গানের পাখি… Vaccine European Investment Bank to provide €250m for Covid-19 immunisation UNB, Dhaka Thu Feb 3, 2022 09:40 PM Last update on: Thu Feb 3, 2022 09:49 PM Photo: Facebook/Mahbub Hassan Saleh European Investment Bank (EIB), the bank of the European Union and the largest multilateral lender in the world, will provide €250 million to Bangladesh to support procurement of safe and effective vaccines and country-wide immunisation against Covid-19. Vaccination efforts will also include Rohingya refugees from Myanmar currently hosted in Bangladesh. For all latest news, follow The Daily Star’s Google News channel. The financing will help Bangladesh mitigate the health effects of the coronavirus pandemic and enable the country to strengthen its healthcare system and protect its people from Covid-19 with effective vaccines, said the European Embassy in Dhaka today. These are all key preconditions for continued sustainable economic and social growth. This is the first operation allocated under the €425 million South Asia Public Healthcare Covid-19 programme approved by the EIB in 2021. This programme aims to provide long-term support for Covid-19 vaccination, pandemic preparedness and health system resilience in Bangladesh, the Maldives and potentially other countries in South Asia. EIB Vice-President Christian Kettel Thomsen, who is responsible for operations in South Asia, said the EIB

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Bangladesh RMG: Old perceptions die hard

In Bangladesh’s RMG industry, we view ourselves as fighting for a position as the world’s second-most important garment sourcing hub. We are neck-and-neck with Vietnam and also forged ahead of our nearest competitor this year after we posted record garment export receipts. Of course, both Bangladesh and Vietnam lag behind China, a textile powerhouse which will take some considerable time to catch up to because of the huge investments it has made in technology and innovation. So, it was quite sobering to read a recent UN-World Trade Organization report which appears to place Bangladesh in a tier below Vietnam (and China) in terms of apparel sourcing. I have to say, my eyes did a double-take when I read this report, which claims that executives ranked Vietnam higher in 10 out of 12 indices. These covered such issues as production quality, lead time, innovation, vertical integration and sustainability. For all latest news, follow The Daily Star’s Google News channel. The only two areas where Bangladesh was ahead of Vietnam were price and tariff advantages. The latter of these is hardly anything to shout about, while the former simply confirms the idea that Bangladesh is where executives go for cheap prices. The findings led the authors to conclude that Bangladesh, along with other Least Developed Countries (LDCs) such as Cambodia, are “part of [fashion’s] diverse sourcing base… Overall, China and Vietnam are regarded as more critical sourcing bases.” “However, these LDC countries are not regarded as competitive in terms of speed to market, flexibility of order quantity, or innovation and ability to develop products. There are also concerns about the relatively high social and environmental compliance risks when sourcing from such significant suppliers as Bangladesh and Cambodia,” the report states. I would not be so presumptuous as to question the findings of a report by two organisations as prestigious as the UN and the WTO. These findings are also based on a survey of representatives from fashion brands and retailers, therefore, the UN/WTO would argue that they are only reporting back what they have been told. Even so, to see that brands have concerns about relatively high social and environmental compliance risks in Bangladesh comes as a real surprise. It cannot be repeated enough that Bangladesh has undertaken the largest safety overhaul of any industry on record in recent years, thanks to the pioneering work of the Bangladesh Accord and the Alliance for Bangladesh Worker Safety. This work is ongoing, and Bangladesh remains a global leader in this area. On the issue of environment, while we are not perfect, let us remember that we now have 155 LEED-certified green factories—the highest number of green garment factories in the world. What more can we do to show our credentials and efforts in this area? Other areas where the report says Bangladesh scores less than Vietnam include production quality, ability to create value-added products, innovation, efficiency, lead time, flexibility of order quantity, and financial/political stability. While it is a concern that those surveyed ranked Vietnam higher than Bangladesh in all these areas, I am confident we are making sufficient progress in each one that we will soon completely close the gap, and may even have done so already. I am inclined to think that in some sense, old perceptions die hard where Bangladesh RMG is concerned. The message of us being low-cost and not much else has been repeated so often that perhaps people are now incapable of looking beyond this idea. To go through the above criteria one by one, I would firstly dispute the issue of production quality. Quality is very high from Bangladesh, and I struggle to believe how we are behind Vietnam in this area. The only issue one might raise is that we are producing different garment types in many cases, so perhaps we are comparing apples with oranges. In terms of the ability to produce value-added products, yes, that is an area where we trail Vietnam (and some other textile sourcing hubs), although we are making progress. We have invested heavily in areas such as outerwear and are looking more into technical textiles presently. Watch this space. Two other areas mentioned—innovation and efficiency—are very general and hard to quantify. The only thing to say on these is that our productivity levels are historically lower than those of Vietnam and this serves to reinforce the need to invest in skills, training and leadership. On lead time, there is always room for improvement. The BGMEA is constantly lobbying on this issue to improve our logistics, roads, rail to port and so on. We must move urgently on this area. I would question the report’s finding around flexibility of order quantity. Our industry is very flexible in this area and has successfully pivoted towards shorter runs during the pandemic. Finally, to the issues of political and financial stability. The latter of these will always be a challenge for Bangladesh until we shift towards more specialised, high value-added products, a process which is thankfully underway. As for the former, well, Vietnam may be more stable politically than Bangladesh but it is a communist country—this, some might argue, brings its own challenges. Mostafiz Uddin is managing director of Denim Expert Limited, and founder and CEO of Bangladesh Apparel Exchange (BAE) and Bangladesh Denim Expo.

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No respite from high food prices

People around the world are grappling with inflationary pressure. Many have lost their jobs or are earning a lower income. Prices of daily essentials and fuel have spiralled, further draining people’s purses. Businesses have also been affected, particularly small businesses, who are yet to recover from pandemic-induced shocks. Though countries are on the path to recovery, the emergence of Omicron coupled with the high inflationary pressure might slow down their recovery in the short term. Meanwhile, since global economy is recovering, demand has gone up while supply could not match the demand. Bangladesh has been in the recovery trajectory, too. However, like other countries, high inflation has been a major concern for Bangladesh. The inflationary pressure on Bangladesh’s economy started around June 2020 following the outbreak of the pandemic. According to Bangladesh Bureau of Statistics (BBS), point-to-point inflation rose to 6.05 percent in December 2021 compared to 5.29 percent in December 2020. Food inflation went up to 5.46 percent in December 2021, as opposed to 5.34 percent in December 2020. For all latest news, follow The Daily Star’s Google News channel. The price hike in Bangladesh is often linked with the global price hike. Bangladesh is a net importer of fuel oil. It also imports edible oil, food, sugar, intermediate goods and raw materials for production. Therefore, any price increase in the global market is felt in Bangladesh almost immediately. This is a regular phenomenon and has been the case for decades. During periods of crisis, it becomes even more prominent. It may be recalled that during 2000-2008, increasing global fuel and food prices were transmitted into Bangladesh economy. The inflationary pressure started to ease following a global meltdown towards the end of 2008 and in 2009, which caused prices of major commodities to fall. However, inflation started to rise once the global economy started to turn around towards the end of 2009 and beginning of 2010. In the following decade, till the outbreak of the pandemic, the inflationary trend fluctuated. In 2011, the global food price index increased significantly. After a decade, food prices are alarmingly high again. The Food and Agriculture Organization (FAO) estimates that the FAO Food Price Index in 2021 was 28.1 percent higher than in 2020. Globally, the cost of logistics such as shipping and airlines as well as fuel prices have led to high prices of crops, even though global crop production has been as high as 2.8 billion—a record production. This high cost of rice, wheat, soybean oil and other commodities is then passed onto the end users. People in the low-income countries such as Bangladesh are the most affected in this regard. On the domestic front, supply shortage is one of the reasons for high prices. A key component of high inflation in Bangladesh is high food inflation in the domestic market. Since food comprises about 60 percent of the total Consumer Price Index in Bangladesh, higher domestic food price is a dominant factor for high inflation both in urban and rural areas. Lower production is a key reason for the high price. Before the harvesting season, there is a lean period when supply is relatively low. This is a time when prices tend to go up. However, often markets do not follow the rule of demand and supply. For example, vegetable prices continued to be high even after the winter supply came in. The impact of higher supply was not reflected in prices. The cost of transportation and other logistics also contributed to this. For non-perishable commodities, there are market manipulators, hoarders, and syndicates—all of them take advantage of moments of crisis. The global prediction for agriculture production is not promising in view of the impact of climate change, which is manifested not only through flood and cyclones but also through drought and wildfire. In the absence of high growth and good agricultural production, the inflationary pressure will continue to prevail. Indeed, due to uncertain climatic conditions, high input costs and the ongoing pandemic, the FAO sees little hope for food market stability in 2022. This is a warning for the food importing countries. During a crisis, food producing and exporting countries would give priority to domestic demand and tend to impose ban on export of food grains. The importing countries will not be able to import from the global market, as it happened in the past. Even if they can, they will have to pay an exorbitant price. Therefore, Bangladesh needs to take measures well in advance. As a climate vulnerable country, it faces a high risk in terms of production disruption. On the other hand, the demand for rice and other food items is increasing. Hence, to have a proper market signal and price stability, a correct demand estimation for rice is needed. It is also essential to monitor the role of market players, including rice millers and importers, who control prices by manipulation. Inflationary pressure always has an adverse impact on the consumers through reduction of their purchasing power and income erosion. High inflation, particularly high food inflation, affects the poor and people in the fixed income group. They are yet to absorb the burden of diesel price hike in November 2021. Now, with the continuous price hike of essential commodities, they find it difficult to live a decent life. The government’s support measures in the form of direct cash transfer to the poor, social protection to low-income families as well as stimulus for the small businesses, can provide some respite in the short term. In the medium term, higher production through higher investment will help create jobs and income, which is crucial for absorbing price shocks. Dr Fahmida Khatun is executive director at the Centre for Policy Dialogue (CPD). Views expressed in this article are the author’s own.

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