Weekly Bangla Mirror | http://banglamirrornews.com Bangla Mirror, Bangladeshi news in UK, bangla mirror news Sun, 05 Apr 2020 11:26:18 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 http://banglamirrornews.com/wp-content/uploads/2017/08/cropped-logo-32x32.png Weekly Bangla Mirror | http://banglamirrornews.com 32 32 Saudi Arabia sharply rebukes Russia over oil price collapse http://banglamirrornews.com/2020/04/05/saudi-arabia-sharply-rebukes-russia-over-oil-price-collapse/ Sun, 05 Apr 2020 11:26:18 +0000 http://banglamirrornews.com/?p=84859 Photo : This file photo shows an oil rig and pump jack in Midland, Texas. Goldman Sachs is warning of another sharp drop in oil prices, Thursday, March 26, 2020, saying some oil producers are eventually going to have to shut some wells because the coronavirus outbreak is crushing demand. Saudi Arabia sharply criticized Russia ...

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 oil price collapse ,  Saudi rebukes Russia ,  OPEC

Photo : This file photo shows an oil rig and pump jack in Midland, Texas. Goldman Sachs is warning of another sharp drop in oil prices, Thursday, March 26, 2020, saying some oil producers are eventually going to have to shut some wells because the coronavirus outbreak is crushing demand.

Saudi Arabia sharply criticized Russia on Saturday over what it described as Moscow blaming the kingdom for the collapse in global energy prices, showing the tensions ahead of an emergency meeting of OPEC and other oil producers.

Oil prices sharply fell after the so-called OPEC+ group of countries including Russia failed to agree to production cuts in early March. A price war began soon after, with Saudi Arabia threatening to pump at a record-breaking pace to seize back market share even as the coronavirus pandemic saw demand sharply drop as airlines worldwide halted flights.

International benchmark Brent crude fell to around $24 a barrel, compared to prices of over $70 a year ago. Prices slightly have rebounded with President Donald Trump tweeting and talking about the need for a production cut, but rancor between Saudi Arabia and Russia could imperil a deal emerging from a planned teleconference Monday.

That anger could be seen early Saturday in two critical statements released by the kingdom’s state-run Saudi Press Agency. The first came from Saudi Foreign Minister Prince Faisal bin Farhan under the headline: ” Statements Attributed to One of Russian President’s Media Are Completely Devoid of Truth.”

“Russia was the one that refused the agreement, while the kingdom and 22 other countries were trying to persuade Russia to make further cuts and extend the agreement,” the prince said.

He also said an alleged Russian contention that “the kingdom was planning to get rid of shale oil producers” was false as well. U.S. shale producers have made America one of the world’s top producers, but they’ve been hurt badly by the price collapse. Trump has met with concerned producers about that.

Prince Faisal did not identify the story, nor the outlet he was critiquing.

A second statement came from Saudi Energy Minister Prince Abdulaziz bin Salman, one of King Salman’s sons. The prince criticized Russian Energy Minister Alexander Novak by name for suggesting Saudi Arabia wanted to cut out shale producers.

The prince “expressed his surprise at the attempts to bring Saudi Arabia into hostilities against the shale oil industry, which is completely false as our Russian friends recognize well,” the statement said.

Saudi Arabia’s statements likely seek to defuse any possible confrontation between the kingdom and Trump, who tweeted Thursday that Moscow and Riyadh “will be cutting back approximately 10 Million Barrels” without elaborating. Trump’s tweets and public comments have affected oil prices in the past.

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Safely shop for groceries amid coronavirus pandemic http://banglamirrornews.com/2020/04/05/safely-shop-for-groceries-amid-coronavirus-pandemic/ Sun, 05 Apr 2020 11:22:05 +0000 http://banglamirrornews.com/?p=84856 The coronavirus pandemic that has now infected 1 million people across the world calls for extreme measures like social distancing to help contain the spread. This brings the question of what level of disinfection do groceries require before they can be used.Some people say that disinfecting groceries and their containers is important, however, experts say ...

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Safely shop for groceries amid coronavirus pandemic

The coronavirus pandemic that has now infected 1 million people across the world calls for extreme measures like social distancing to help contain the spread.
This brings the question of what level of disinfection do groceries require before they can be used.Some people say that disinfecting groceries and their containers is important, however, experts say that such measures are not required.

Here is a list of precautions that you should take when stepping out to buy groceries:

Limit your trips

Even though stepping out to buy groceries is an essential routine you will have to follow, try and reduce the number of times you go out. Stock up on a few essentials so that you do not have to go to the store every day. Also, plan your visit to the store in the off-peak hours. Remember to keep a safe distance from other shoppers.

Clean your hands afterwards

Touch only what you have to, at the grocery store. Remember to wash your hands immediately after returning home. It is also advisable not to touch your phone or disinfect them properly before beginning to use them. Some people wear gloves when they step out. Even though the gloves do provide another layer between the outer world and the hand, you can still catch the infection if you touch your face with the gloves on.You needn’t sanitize food packaging

The virus can live on material for a few hours. However, the amount of virus on the packaging is actually very less. Instead of disinfecting food packaging, shoppers should wash their hands thoroughly after touching any surface or any item that might have been handled by others. There is no evidence of transmission through food packaging. Produce should only be washed with water without the use of any cleaning agent like dish soap.

Do not go to the store, if you are experiencing symptoms

It is advisable not to step out into any public place, even the store if you have been in contact or have been caring for someone with the infection. The spread of the disease can also take place during the asymptomatic stages when the patient is not showing any symptoms. It is obviously most contagious when symptoms start showing. You should completely isolate yourself if you are experiencing symptoms.

If you are above 60, get groceries delivered

The disease affects the elderly and people with underlying chronic conditions more severely than it does others. This requires more precautions to be taken by these people. It is advisable that you do not step out and get your groceries delivered. Ask the person to leave the groceries at the doorstep and take adequate precautions of social distancing even when taking the groceries from them. Clean all the surfaces and wash your hands thoroughly after storing the groceries.

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3 security personnel, 9 militants killed in Indian Kashmir violence http://banglamirrornews.com/2020/04/05/3-security-personnel-9-militants-killed-in-indian-kashmir-violence/ Sun, 05 Apr 2020 11:16:19 +0000 http://banglamirrornews.com/?p=84853 Nine suspected militants and three soldiers were killed in two separate incidents in Indian-administered Kashmir, officials said Sunday, as authorities enforced a lockdown to combat the spread of the coronavirus pandemic. Kashmir, a restive region claimed by nuclear rivals India and Pakistan, had already been under a long-running curfew imposed to quell unrest as New ...

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3 security personnel, 9 militants killed in Indian Kashmir violence

Nine suspected militants and three soldiers were killed in two separate incidents in Indian-administered Kashmir, officials said Sunday, as authorities enforced a lockdown to combat the spread of the coronavirus pandemic.
Kashmir, a restive region claimed by nuclear rivals India and Pakistan, had already been under a long-running curfew imposed to quell unrest as New Delhi scrapped the Himalayan valley’s semi-autonomous status on August 5.

Indian army spokesman Colonel Rajesh Kalia said five armed militants were killed early Sunday in the northern Keran area close to the de facto border known as the Line of Control (LoC) that divides the disputed territory with Pakistan.The clashes also left three soldiers dead and critically injured several more, he said in a brief statement.

The fighting came within 24 hours of another gun battle between suspected rebels and government forces in the southern Kulgam area that left four dead.

Police said all four were militants from the local area.

Kashmir has waged a three-decade-long armed rebellion against Indian rule with tens of thousands of lives, mostly civilians, lost in the conflict.

India regularly accuses its arch-rival Pakistan of arming and sending rebels across the heavily militarised border. Islamabad denies the claims.

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Two killed and others wounded in France knife attack http://banglamirrornews.com/2020/04/05/two-killed-and-others-wounded-in-france-knife-attack/ Sun, 05 Apr 2020 11:13:45 +0000 http://banglamirrornews.com/?p=84850 Two people have been killed and five wounded in a knife attack in south-east France, in what the interior minister described as a terrorist incident. Witnesses said the attacker entered a tobacconist in the town of Romans-sur-Isère, near Grenoble, and stabbed the owners and a customer. He then went to a nearby butcher’s shop and ...

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Two killed and others wounded in France knife attack

Two people have been killed and five wounded in a knife attack in south-east France, in what the interior minister described as a terrorist incident.
Witnesses said the attacker entered a tobacconist in the town of Romans-sur-Isère, near Grenoble, and stabbed the owners and a customer.

He then went to a nearby butcher’s shop and attacked more people.A suspect, described in French media as a 33-year-old man from Sudan, has been arrested.

At the time of his arrest, the attacker was “found on his knees on the pavement praying in Arabic”, prosecutors said.

The man was not known to the police or intelligence services, news website France Bleu reported, reports BBC.

The motive for the attack remains unclear.

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Coronavirus may spread through air via normal breathing: US scientists http://banglamirrornews.com/2020/04/05/coronavirus-may-spread-through-air-via-normal-breathing-us-scientists/ Sun, 05 Apr 2020 11:10:48 +0000 http://banglamirrornews.com/?p=84847 The new coronavirus might spread through the air via normal breathing and speaking, a top US scientist said Friday as the government was poised to recommend the use of face masks for everyone. Anthony Fauci, head of infectious diseases at the National Institutes of Health, told Fox News the guidance on masks would be changed ...

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Coronavirus may spread through air via normal breathing: US scientists

The new coronavirus might spread through the air via normal breathing and speaking, a top US scientist said Friday as the government was poised to recommend the use of face masks for everyone.
Anthony Fauci, head of infectious diseases at the National Institutes of Health, told Fox News the guidance on masks would be changed “because of some recent information that the virus can actually be spread even when people just speak, as opposed to coughing and sneezing.”

As it stands, the official advice is that only sick people need to cover their faces, as well as those caring for them at home.

Fauci’s comments come after the National Academy of Sciences (NAS) sent a letter to the White House on April 1 that summarized recent research on the subject.
It said that though the research isn’t yet conclusive, “the results of available studies are consistent with aerosolization of virus from normal breathing.”Until now, US health agencies have said that the primary pathway of transmission is respiratory droplets, about one millimeter in diameter, expelled by sick people when they sneeze or cough.

These quickly fall to the ground around a meter away.

But if the virus can be suspended in the ultrafine mist we expel when we exhale, in other words an aerosol, it becomes much harder to prevent its spread, which in turn is an argument in favor of everyone covering their faces.

– The aerosol debate –

A recent NIH funded study published in the New England Journal of Medicine found that the SARS-CoV-2 virus could become an aerosol and remain airborne for up to three hours.

This triggered a debate even as critics said the findings were overblown because the team behind the study used a medical device called a nebulizer to deliberately create a viral mist and argued this would not occur naturally.The NAS letter pointed to preliminary research by the University of Nebraska Medical Center that found the genetic code of the SARS-CoV-2 virus, its RNA, were found in hard to reach areas of patients’ isolation rooms.

The NAS scientists also pointed to two other studies — both not yet peer reviewed — from Hong Kong and from mainland China.

The Hong Kong researchers collected viral samples from patients with the coronavirus and other viral respiratory illnesses, and gave some of the patients face masks.

The masks reduced the detection of both droplets and aerosols for coronavirus patients.

The Chinese paper on the other hand raised concerns that personal protective gear used by health care workers could itself be a source of airborne virus.

The team studied hospitals in Wuhan and found that there were two major areas where the virus was aerosolized: the bathrooms of patients, and rooms where medical staff removed their protective gear.

This may be because doffing protective gear causes the particles to get re-suspended in the air. Even if these particles are not of breathable size, they could settle on people’s hands and bodies, the NAS panel said.

So far, the World Health Organization (WHO) has been more cautious on the airborne threat.

In an analysis published on March 29, it wrote that aerosol transmission was only known to occur during particular medical treatments that required assisted breathing.

On the recent preliminary research, such as the University of Nebraska’s paper, the WHO cautioned that the detection of the virus’ genetic code in patient’s rooms did not necessarily amount to viable amounts of the pathogen that could be transmitted onward.

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Liverpool blasted over virus furlough, players in £200m wage cut warning http://banglamirrornews.com/2020/04/05/liverpool-blasted-over-virus-furlough-players-in-200m-wage-cut-warning/ Sun, 05 Apr 2020 10:56:28 +0000 http://banglamirrornews.com/?p=84844 Liverpool were accused of betraying their “morals and values” on Saturday for their move to furlough non-playing staff during the coronavirus pandemic as Premier League stars warned of a £200 million ($245 million) shortfall in government coffers if 30 percent wage cuts were introduced. Premier League leaders Liverpool said they would top up the public ...

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Liverpool blasted over virus furlough, players in £200m wage cut warning

Liverpool were accused of betraying their “morals and values” on Saturday for their move to furlough non-playing staff during the coronavirus pandemic as Premier League stars warned of a £200 million ($245 million) shortfall in government coffers if 30 percent wage cuts were introduced.
Premier League leaders Liverpool said they would top up the public money made available from the government to ensure staff on temporary leave received their full salaries.

It follows similar moves by Newcastle, Tottenham, Bournemouth and Norwich to take advantage of the scheme, under which employers can claim for 80 percent of furloughed employees’ wages.But former Reds players Jamie Carragher and Stan Collymore strongly criticised the move by the European champions, who in February announced pre-tax profits of £42 million ($51 million) for 2018/19.

“(Manager) Jurgen Klopp showed compassion for all at the start of this pandemic, senior players heavily involved in @premierleague players taking wage cuts. Then all that respect & goodwill is lost, poor this @LFC,” tweeted Carragher.

Collymore was even more forthright, tweeting: “I don’t know of any Liverpool fan of any standing that won’t be anything other than disgusted at the club for furloughing staff.”

Another former Anfield star, Germany’s Dietmar Hamann tweeted: “Astonished by the news that @LFC takes advantage of the furlough scheme to claim 80% of non-playing staff wages back off the government.

“That’s not what the scheme was designed for. Contrary to the morals and values of the club I got to know.”

Liverpool said staff would be paid 100 percent of their salaries to ensure nobody was financially disadvantaged.A statement from the club said: “Even prior to the decision on staff furloughing, there was a collective commitment at senior levels of the club — on and off the pitch — with everyone working towards a solution that secures jobs for employees of the club during this unprecedented crisis.”

‘Effect on Health Service’

Meanwhile, the Professional Footballers’ Association warned of a £200 million shortfall in British government tax revenues if a 30% pay cut was introduced for players.

“All Premier League players want to, and will, play their part in making significant financial contributions in these unprecedented times,” said a PFA statement after a meeting with the Premier League.

“We welcomed the opportunity to discuss this and we are happy to continue talks.”

However, the PFA insisted it was too simplistic to criticise multi-millionaire players for not easily agreeing to salary cuts.

“The proposed 30 percent salary deduction over a 12-month period equates to over £500m in wage reductions and a loss in tax contributions of over £200m to the government,” the PFA statement added.

“What effect does this loss of earning to the government mean for the National Health Service?”

The Premier League has been seen as lagging behind other European leagues in its response to coronavirus and was accused by one British lawmaker of operating in a “moral vacuum”.

In Spain, Barcelona and Atletico Madrid players have already agreed to pay cuts of 70% while the stars of Italian champions Juventus will be paid a reduced amount for the next four months.

England defender Danny Rose, on loan at Newcastle from Tottenham, told the BBC players were “keen to make something happen”.

“I can only speak for myself but I would have no problems whatsoever contributing some of my wages to people who are fighting this on the front line and to people who have been affected by what’s happening at the minute,” he said.

On Friday, a hospital in London identified Rose as the individual behind a £19,000 donation.

Liverpool skipper Jordan Henderson has led talks between Premier League club captains over what action they could take, a move that began before Britain’s Health Secretary Matt Hancock on Thursday joined those singling out footballers.

“It was just not needed for people who are not involved in football to tell footballers what they should do with their money,” added Rose. “I found that so bizarre.”

‘Safe and appropriate’

Burnley issued a stark warning on Saturday about the potential financial fallout from the coronavirus outbreak, claiming they would face a shortfall of up to £50 million ($61 million) if it were not possible to complete the season.

The English top-flight said on Friday the 2019/20 season would only return when it was “safe and appropriate to do so”.

The league agreed to provide a £125 million fund for the English Football League and National League and pledged £20 million in charitable support for the National Health Service and other groups.

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Shah Rukh Khan, Gauri offer their personal office to be utilised as quarantine facility http://banglamirrornews.com/2020/04/05/shah-rukh-khan-gauri-offer-their-personal-office-to-be-utilised-as-quarantine-facility/ Sun, 05 Apr 2020 10:53:20 +0000 http://banglamirrornews.com/?p=84840 Bollywood King Shah Rukh Khan and his wife Gauri, who recently announced a bunch of initiatives to combat COVID-19 outbreak, have now offered their four-storied personal office building to Brihanmumbai Municipal Corporation (BMC), to be utilised as quarantine facility for women, children and the elderly. This comes at a time when the nation along with ...

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Shah Rukh Khan, Gauri offer their personal office to be utilised as quarantine facility

Bollywood King Shah Rukh Khan and his wife Gauri, who recently announced a bunch of initiatives to combat COVID-19 outbreak, have now offered their four-storied personal office building to Brihanmumbai Municipal Corporation (BMC), to be utilised as quarantine facility for women, children and the elderly. This comes at a time when the nation along with the rest of the world is battling the deadly Coronavirus pandemic.
The superstar’s decision to donate his office comes just a couple of days after he made huge contributions to the government to aid the battle against the COVID-19 pandemic.SRK, through his IPL franchise Kolkata Knight Riders (KKR), has committed to contribute to the PM-Cares Fund. Through his film production banner, Red Chillies Entertainment, he will give to the Maharashtra CM’s Relief Fund.He has also pledged Personal Protective Equipment (PPE) for healthcare providers and workers in Maharashtra and West Bengal.

SRK’s Meer Foundation along with the foundation Ek Saath will provide daily food requirements to over 5500 families for at least a month in Mumbai. Meer Foundation is also collaborating with Roti Foundation to provide meals to underprivileged people and daily wage labourers.

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Coronavirus: Spain ‘close to passing peak’ as deaths fall again http://banglamirrornews.com/2020/04/05/coronavirus-spain-close-to-passing-peak-as-deaths-fall-again/ Sun, 05 Apr 2020 10:49:33 +0000 http://banglamirrornews.com/?p=84837 Spanish Prime Minister Pedro Sánchez says the country is “close to passing the peak of infections” as the number of coronavirus deaths fell for the second day in a row. Sánchez also extended lockdown measures until 25 April, saying the restrictions were “saving lives”. The toll of 809 deaths in one day is the lowest ...

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Coronavirus: Spain 'close to passing peak' as deaths fall again

Spanish Prime Minister Pedro Sánchez says the country is “close to passing the peak of infections” as the number of coronavirus deaths fell for the second day in a row.
Sánchez also extended lockdown measures until 25 April, saying the restrictions were “saving lives”.

The toll of 809 deaths in one day is the lowest in Spain for a week.Meanwhile, officials are trying to get masks for all citizens as part of plans to eventually ease restrictions.

Face masks are currently almost impossible to get hold of in Spain. The government had previously said they served little purpose outside hospitals.

However, views on wearing masks appear to be shifting in Western countries, with US health authorities on Friday recommending their use in public. Austria, the Czech Republic, Israel and Turkey have also mandated the use of masks in various public places, reports BBC.

Officials say 7,026 people have been diagnosed with the coronavirus in Spain in the past 24 hours – down from Friday’s figure of 7,472.

A total of 11,947 people have died, while the total number of cases over 124,736 – is now higher than in Italy.

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Corona fallout: PM unveils new stimulus packages of Tk 67,750 cr http://banglamirrornews.com/2020/04/05/corona-fallout-pm-unveils-new-stimulus-packages-of-tk-67750-cr/ Sun, 05 Apr 2020 10:44:16 +0000 http://banglamirrornews.com/?p=84834 Prime Minister Sheikh Hasina on Sunday announced four new stimulus packages of Tk 67,750 crore to overcome the possible economic shock from the ongoing shutdown enforced due to the deadly COVID-19 outbreak. With the previously announced Tk 5,000 crore stimulus package, the amount of the whole package now stands at Tk 72,750 crore. The announcement ...

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Prime Minister Sheikh Hasina on Sunday announced four new stimulus packages of Tk 67,750 crore to overcome the possible economic shock from the ongoing shutdown enforced due to the deadly COVID-19 outbreak.

With the previously announced Tk 5,000 crore stimulus package, the amount of the whole package now stands at Tk 72,750 crore.

The announcement came from a press conference of the Prime Minister held at her official residence Ganobhaban. It was arranged to brief journalists about the possible impacts of the coronavirus outbreak on the national economy and the ways to face the challenges in the coming days.

In the four new packages, Sheikh Hasina said, her government will provide working capital of Tk 30,000 crore for the COVID-19 affected industries and service sector institutions.

Commercial banks will provide loans from their own resources to the industries or business entities concerned on the basis of bank-client relationship.

The interest rate of this loan facility will be 9 percent, of which the loan taker will provide 4.5 percent while the government the rest of the interest to the respective bank as subsidy.

In the second package, which will be for the small and medium industries, the government will provide Tk 20,000 crore as working capital.

Here too, the commercial banks will provide the loans from their own resources to the industries or business entities concerned on the basis of bank-client relationship.

The interest rate will be the same as 9 percent, but the 4 percent interest will be borne by the loan-taking industry while the rest of the money will be paid by the government to the respective bank as subsidy.

In the third package, the Bangladesh Bank will expand its EDF (Export Development Fund). Aiming to increase the facility for importing raw materials under the back-to-back LC system, the central bank will enhance its EDF facility from $U 3.5 billion to $US 5 billion.

As a result, some Tk 12,750 crore, equivalent to $US 1.5 billion, will be added to the respective fund.

The current interest rate of the EDF is LIBOR (London Inter-Bank Offer Rate) + 1.5 percent (which is actually 2.73 percent). It will be decreased to 2 percent, she said.

For the last package, the Prime Minister mentioned that Bangladesh Bank will introduce a new loan facility system titled ‘Pre-shipment Credit Refinance Scheme’. The amount of this loan facility will be Tk 5,000 crore in total where the interest rate will be 7 percent.

While addressing the nation on March 25 on the occasion of the Independence and National Day 2020, the Prime Minister announced a stimulus package of Tk 5,000 crore for export-oriented industries to fight the adverse impact of coronavirus on the country’s economy. This money will be used for providing the salaries and wages of workers and employees only.

“The total amount of these stimulus packages will be Tk 72,750 crore which will be 2.52 percent of the GDP,” she said.

Sheikh Hasina hoped that the country’s economy will bounce back if the stimulus packages are implemented quickly. “And we’ll be able to go to close to the desired economic growth, Inshallah.”

She also put emphasis on giving special attention to local products beside the export-oriented sector to overcome the possible global and domestic economic crisis.

In this connection, the Prime Minister urged all to increase production and the use of local products.

She said taking opinions of all concerned, the government has taken various types of steps. “So, there’ll be no problem in the future. All can run their business properly. I don’ not see that anyone will undergo sufferings,” she said.

Sheikh Hasina mentioned that it is the responsibility of the government to ease people’s sufferings. “That’s why we’ve announced the packages. All will get their facilities,” she said.

But, the Prime Minister again warned against corruption and irregularities in implementing these packages. “I just want that all will do their work with honesty. Don’t indulge in any type of corruption, irregularity and misuse,” she said.

The Prime Minister also mentioned that if all work properly, no one will be in trouble and the government arranged this considering that.

She rolled out four work plans of the government on immediate, short and long terms basis to offset the possible adverse impact on the country’s economy. These include increasing public expenditure, introducing fiscal packages, expanding social safety net programme and increasing money supply.

Sheikh Hasina said in public expenditure, job creation will be given priority and foreign trips and luxury expenses will be discouraged.

She mentioned that as the loan status-GDP ratio of the country is very low at 34 percent, the excess public expenditure will not create any problem to the macroeconomy.

The Prime Minister said through the banking system, some loan facilities will be introduced with lower interest rate. “The main aim of these loans is to revive the economic activities, keep workers and employees in their respective works and keep intact the capability and competitiveness of entrepreneurs.”

To meet the basic rights of people living in under the poverty line, day-labourers and those involved in non-formal activities, the government will expand its social safety net programme, she said.

About increasing the money supply, Sheikh Hasina said it is necessary to overcome the adverse impact on the economy.

She mentioned that Bangladesh Bank in the meanwhile has reduced the CRR and Repo to increase the flow of money which will continue in the coming days as per the demand. “But for this purpose, there would be no inflation due to the money flow,” she added.

The Prime Minister said time has not come yet to say anything specifically about the negative impact of coronavirus, which is ravaging the entire world, on the country’s economy.

Focusing on some possible economic impacts, she said import expenditure and export income have decreased 5 percent compared to the same period of the last fiscal year. “At the end of the fiscal year, it’s apprehended that it’ll further be widened.”

Sheikh Hasina mentioned that there is possibility that desired private investment might not be achieved due to the implementation of ongoing mega projects, establishment of economic zones and delayed implementation of reducing bank interest rates.

She said there will be adverse impact on service sectors, especially hotel-restaurant, transport and aviation.

The Prime Minister said like other markets around the world, there is an adverse impact on the capital market of the country, too.

Due to the decreased demand of fuel worldwide, its price has been decreased by 50 percent and it will have an impact on remittance earnings, she said.

Sheikh Hasina mentioned that although Asian Development Bank projected the economic loss for Bangladesh to $US Dollar 3.02 billion, the amount might be much higher considering the present context.

She also said due to the long holiday or the lockdown, the production of small and medium industries came to a standstill and due to the restrictive transport services, the purchasing capacity of the low-income groups has been reduced and there might be a problem in the supply chain

The Prime Minister said in the current fiscal year, the revenue collection will be lower than the target which might result in additional budget deficit at the end of the year.

She mentioned that the GDP growth will come down due to the negative impacts of macro indexes.

In this connection, she said in the last three years, the GDP growth was more than 7 percent while the main driving power of 8.15 percent GDP growth in 2018-19 fiscal was strong domestic demand with conducive revenue and monetary policies.

Due to the quick spread of COVID-19, the Prime Minister said, huge pressure has been created on healthcare services while unprecedented lockdown as well as communication shutdown to prevent the transmission of coronavirus started casting a negative impact on the world economy.

She mentioned that industrial production, export trade, service sectors, especially tourism, aviation and hospitality, small and medium entrepreneurship and employment, have collapsed.

Hasina said not only the supply chain and consumption but also investment demand has started coming down.

She said the International Monetary Fund (IMF) announced that the world economy has already started experiencing recession while indexes have fallen 28-34 percent in the world capital markets. As per the OECD (Organisation for Economic Co-operation and Development), if the rescission prolongs, the world growth will be reduced to 1.5 percent, and it will be the great depression after the World War II.

The Prime Minister said it is apprehended that a huge number of people will be left unemployed worldwide.

At the press conference, she said the government started undertaking measures with highest importance to prevent the coronavirus immediately after its outbreak in China.

At the same time, the IEDCR, Prime Minister’s Office and Health Ministry have opened separate control rooms and began monitoring the situation round the clock, Hasina said.

She said the deadly coronavirus could not yet spread widely in Bangladesh due to timely and appropriate measures taken by the government. “The situation is under control.”

Hasina said the government formulated “National Preparedness and Response Plan for Covid-19, Bangladesh” following the guidelines of the World Health Organization.

Explaining details of the three-tier activities, she said steps have been taken to discourage foreign trips and homecoming from abroad, detect infected persons and prevent the spread of the virus among others as well as to provide proper treatment to the infected persons.

The Prime Minister mentioned that a national committee has also been formed under the leadership of the Health Minister with representatives from various ministries, World Health Organization and medical professionals as its members to provide necessary guidelines.

Besides, she said, a 17-day general holiday was declared from March 26 while almost all mills and factories, tourist spots, markets and transports were declared closed and the people were instructed to stay at home and maintain social distancing to prevent the spread of coronavirus.

Hasina again urged the country’s people to celebrate Pahela Baishakh on April 14 staying at their homes. “The cultural programmes can be aired through media. This can be social media,” she said.

Talking about upcoming Shab-e-Barat which will be observed on April 9, she called upon Muslims to perform their prayers at their homes. “Please seek blessings staying at your homes so that Almighty Allah save us all, people of the country could advance socioeconomically, people from home and abroad get rid of his pandemic,” she said.

On Thursday evening, the Prime Minister held a high-level meeting at Ganobhaban in this regard. Finance Minister AHM Mustafa Kamal, PM’s Principal Secretary Ahmad Kaikaus, Bangladesh Bank Governor Fazle Kabir, Finance Ministry Senior Secretary Abdur Rouf, and PMO Secretary Md Tofazzel Hossain Miah were present.

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Ex-Moulvibazar MP Sirajul dies from coronavirus in US http://banglamirrornews.com/2020/04/05/ex-moulvibazar-mp-sirajul-dies-from-coronavirus-in-us/ Sun, 05 Apr 2020 09:58:49 +0000 http://banglamirrornews.com/?p=84831 Former Moulvibazar MP and freedom fighter Md Sirajul Islam died from coronavirus in the USA on Saturday evening. He was undergoing treatment at Elmhurst Hospital in New York where he passed away at 6pm (local time), according to a media release issued by the Ministry of Environment, Forest and Climate Change on Sunday. Environment Minister ...

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Ex-Moulvibazar MP Sirajul dies from coronavirus in US

Former Moulvibazar MP and freedom fighter Md Sirajul Islam died from coronavirus in the USA on Saturday evening.
He was undergoing treatment at Elmhurst Hospital in New York where he passed away at 6pm (local time), according to a media release issued by the Ministry of Environment, Forest and Climate Change on Sunday.

Environment Minister Md Shahab Uddin expressed deep shock at the death of the freedom fighter.In a condolence message, he said Sirajul was one of the organisers of the Liberation War. His contribution to the War of Independence will be remembered forever.

The minister prayed for salvation of the departed soul and expressed sympathy to the bereaved family members.

Sirajul, a former MP from Moulvibazar-1 constituency, also severed as the president of Awami League’s Barlekha Upazila unit and the upazila chairman.

He is survived by wife, one son and four daughters.

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