Bangladesh Votes Today, Sheikh Hasina Seeks Fourth Term as Prime Minister

Agencies
December 30, 2018

Dhaka, Dec 30: Bangladesh headed to the polls Sunday following a weeks-long campaign that was dominated by deadly violence and allegations of a crackdown on thousands of opposition activists.

Voting began at 8.00 am (0200 GMT) amid tight security in a vote that is expected to deliver a historic but tainted fourth general election victory for Prime Minister Sheikh Hasina.

Some 600,000 security personnel are deployed across the South Asian nation -- including at 40,000 polling stations.

There was fresh violence on the eve of the vote when a ruling party activist was allegedly killed by supporters of the main opposition Bangladesh Nationalist Party (BNP) and its Islamist ally, Jamaat-e-Islami.

"He was attacked with rocks. He died on the way to hospital," Mohammad Niamutullah, police chief in the southern town of Patia said.

The death brought to four the number of people confirmed killed by police since the timetable for the election was announced on November 8, marking the country's 11th parliamentary election since independence in 1971.

The BNP claims eight of its activists have died.

Around 104 million voters are choosing between an alliance led by Hasina's ruling Awami League party and a coalition headed by the BNP which was cobbled together only three months ago.

Opinion polls show Hasina, who has presided over impressive economic growth during an unbroken decade in power but who is also accused of growing authoritarianism, heading for a comfortable victory.

She needs 151 seats in the first-past-the-post system to win in the 300-seat parliament but experts say any victory would be sullied by accusations that she hamstrung her opponents' campaign.

The opposition says more than 15,000 of its activists have been arrested, crippling its ability to mobilise its grassroots support.

Human Rights Watch and other international groups have decried the crackdown, saying it has created a climate of fear which could prevent supporters of opposition parties from casting their ballots.

The United States has also raised concerns about the credibility of the Muslim-majority country's election while the United Nations has called for greater efforts to make the vote fair.

Seventeen opposition candidates were arrested over what they claim are trumped up charges while another 17 were disqualified from running by courts which are allegedly controlled by Hasina.

"This is not (a) free and fair election. It is more a controlled selection," said a Western diplomat who has been monitoring the run-up to the polls and who asked not to be named.

Badiul Alam Majumder, the leader of a Bangladesh civil society group, said the alleged crackdown had "created a perception that the incumbent government will return to power".

"Never in my life I have seen such kind of election. The election commission has totally failed to do its job," he told news agency.

Mobile internet shutdown

The BNP, the main player in the alliance headed by Kamal Hossain, an 82-year-old Oxford-educated lawyer who drew up Bangladesh's constitution, has accused the election commission of bias -- allegations it denies.

Hasina herself has rejected accusations of creeping authoritarianism and called for voters to back her to further bolster the economy which has expanded over six percent a year since she won the 2008 election.

The daughter of Bangladesh's first president Sheikh Mujibur Rahman, Hasina was gifted victory in the 2014 election when the BNP boycotted the vote claiming it wasn't free or fair.

Since then, rights groups have accused Hasina's administration of stifling freedom of speech through the toughening of a draconian anti-press law and the enforced disappearance of government dissenters.

BNP leader Khaleda Zia, an arch-rival of the prime minister, was sentenced to 17 years in jail earlier this year on charges that her party says are politically motivated.

Authorities have ordered the country's mobile operators to shut down 3G and 4G servicesuntil midnight on Sunday "to prevent the spread of rumours" that could trigger unrest.

Polls close at 4:00 pm (1000 GMT).

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News Network
March 21,2020

Mar 21: India’s economy, already in the grip of a slowdown, is in for more pain after Prime Minister Narendra Modi appealed to citizens to stay at and work from home to curb the coronavirus outbreak.

The services sector, which accounts for about 55% of India’s gross domestic product, is poised to be the worst hit after Modi, in a late evening address on Thursday, urged citizens to go on a self-imposed curfew for a day and private companies to allow employees to work from home for longer. In the country’s vast informal sector, social-distancing measures could mean a dent to productivity and consumption because of job or pay losses.

“The impact of a partial lock-down or social distancing will be significant,” said Rahul Bajoria, a senior economist at Barclays Plc in Mumbai. “If there’s a widespread community outbreak, GDP could fall as low as 3.5% in the year starting April 1.”

Shrinking output may limit growth in an economy that’s already set to expand at an 11-year low of 5% in the current year to March 31. Before the virus outbreak, India had forecast growth to recover to 6%-6.5% in the next fiscal year. S&P Global Ratings and Fitch Ratings have already slashed their growth forecast by 50 basis points.

“The current social-distancing measures will severely impact airlines, hotels, malls, multiplexes, restaurants and retailers,” according to analysts at Crisil Ltd., the local unit of S&P Global. “Lower footfalls and occupancies, decline in business volume and sub-optimal operating efficiencies will impact cash flows of companies in these sectors,” wrote the analysts led by Chief Economist Dharmakirti Joshi.

The government will try to announce a relief package for virus-affected sectors as early as possible, Finance Minister Nirmala Sitharaman said Friday.

In a televised address, Modi advised all citizens to stay at home for a day on March 22, as he sought to stem the spread of the coronavirus -- cases of which are relatively low in India at about 200, compared with more than 200,000 infected people globally. His government also barred incoming flights for a week from that day, joining a growing list of countries effectively sealing their borders.

What Bloomberg’s Economists Say

We had only earlier this week lowered our GDP outlook to consider the direct impact of the local outbreak as confirmed virus cases exceeded 100 as of March 15 and the federal and state governments announced social distancing measures that have already started to crimp economic activity. We are now revising down our GDP estimate for 4Q fiscal 2020 to 3.3%, from our 3.5%.

-- Abhishek Gupta, India economist

For more, click here

“Consumption being the biggest component of GDP, a lock-down is bound to have a big impact on the economy,” said Devendra Kumar Pant, chief economist at India Ratings and Research, the local unit of Fitch. “Modeling uncertainty in any system will be very difficult, but one can say the slowdown could deepen or prolong further.”

Work From Home

While companies, including billionaire Mukesh Ambani-controlled Reliance Industries Ltd., are asking employees to work from home, the option isn’t feasible in India’s vast informal sector.

“The option to work remotely simply won’t exist for most,” said Shilan Shah, an economist with Capital Economics Pte. in Singapore.

As many households don’t have savings buffers, the government would probably have to back this up with large-scale cash handouts that reach the poorest, he said.

Work from home is posing implementation challenges for the manufacturing sector where workers are required to be physically present at the production sites. The services sector, such as banking and information technology, also needs employees to be present in offices as confidential data is used, according to industry group Federation of Indian Chambers of Commerce and Industry.

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News Network
January 23,2020

Jan 23: Hundreds of Central Americans trying to reach the United States were stuck at the Mexico-Guatemala border on Wednesday after the Mexican government beefed up security to meet US demands to contain migrant flows.

Under sustained pressure from President Donald Trump, Mexico's government has adopted tougher measures to reduce the number of people heading towards the U.S. border.

Migrants in Tecun Uman, on the Guatemalan side of the border, were taken by surprise.

"We thought we'd be allowed through just like with the October caravan when they reached Tijuana," said Honduran migrant Ritzy Anabel, who did not give her surname.

"People from Mexico and Guatemala treated them well. But now it's changed because Mexicans don't want (us) to enter."

Many Central Americans migrants heading north are fleeing economic hardship and violence at home. A large caravan of migrants crossed into Mexico and went north in October 2018. Migrants crossing into Mexico earlier this week faced tear gas from security forces, who delivered a firmer response than in previous mass movements at the border.

Even so, about 1,000 migrants, most of them from Honduras, managed to reach Mexican soil on Tuesday. Mexican Foreign Minister Marcelo Ebrard said several hundred of the new arrivals were immediately deported on planes and buses.

On Wednesday, Mexican authorities said that 460 Honduran migrants were deported throughout the day. Other migrants from the group, including families traveling with children, were pondering their next moves.

Honduran Carlos Amador said that while some of his compatriots were returning home, others were hoping for positive news.

Trump has repeatedly threatened to punish Mexico and Central American countries if they fail to clamp down on the migrant flows. That has resulted in a series of agreements aimed at delivering on Trump's campaign promises to curb immigration.

Department of Homeland Security Acting Secretary Chad Wolf called the measures put in place by the Mexican National Guard "effective", adding that dozens of his personnel was on the ground in Central America assisting local immigration and security officials. Trump tweeted: "Sorry, if you come you will be immediately sent back!"

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Agencies
August 8,2020

Washington, Aug 8: The United States has reported 58,173 new coronavirus cases on Friday, bringing the total past 4.9 million, according to Johns Hopkins University.

"The first case of COVID-19 in the US was reported 198 days ago on 22.01.2020.Yesterday, the country reported 58,173 new confirmed cases and 1,243 deaths," it said.

The country is expected to cross the 5 million thresholds in the coming days. It leads the world both in terms of coronavirus cases and deaths estimated at over 161,300.

Overall, there have been 19.4 million cases confirmed globally and almost 721,800 people have died from virus-related complications. Another 11.7 million have recovered.

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