Prime minister Sheik Hasina wants to make a modern Bangladesh.Which will be a model for all the developing countries.

PM-Sheikh Hasina has expressed her vow to build a science and technology-based modern Bangladesh free from hunger and poverty by implementing its development goal: “Vision 2021″.

“We are working to carry forward the country by using modern technology as well as ensuring balanced development across the country in line with our election pledges,” the PM said in a video conference with the local people after inaugurating a newly-installed 1000 kilowatt medium wave transmission of Bangladesh Betar here today.

The PM told the audience who took part in the video conference that it would be possible to generate jobs for the young generation and build Bangladesh a modern one with the optimum use of new generation technology.

Earlier, the PM formally launched the transmission of the state-run Bangladesh Betar by pressing a button at Super Power Transmission Centre here as Information Secretary Dr Kamal Abdul Naser Chowdhury briefed Prime Minister Sheikh Hasina about the transmission, its utility and on the whole installation project.

Information Minister Abul Kalam Azad, local lawmaker and a large number of local people, among others, were present on the occasion.

On her arrival at the venue, the PM unveiled the plaque of the new transmitter and offered a special Munajat there.

Talking to local people who joined the PM in the video conference from at least one kilometre away from the venue, Sheikh Hasina said even after 38 years of attaining independence, the desired goal could not be attained due to absence of uninterrupted democracy.

The PM said the country’s development process has been disrupted several times due to grabbing state power through unconstitutional means by vested quarters after the brutal assassination of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman.

The PM said her government after assuming office through a free, fair and credible December 29 election is working relentlessly to build a self-reliant Bangladesh through implementing its election pledges.

The PM said apart from bringing down the prices of essentials, her government has undertaken various programmes for self-employment of the country’s youths.

Sheikh Hasina said her government is implementing various development programmes in district and upazila levels, as it believes in balanced development of the country.

Referring to the judgment of Bangabandhu Murder Trial, Sheikh Hasina said the long-standing hopes and aspirations of people have been fulfilled through the verdict. Besides, the PM said the trial of BDR killing has begun and the killers will be punished.

“We will not patronise any wrong doings and the killers of the brilliant army officers inside BDR Headquarters must be punished,” the PM said adding that the BDR carnage had been staged to destabilise the two-month old government.

Referring to various demands of the local people, the PM said the government has a plan to expand Dhaka-Savar Road into a four-lane one and the dredging of Banghshi river.

Responding to a host of queries from the audience, the Prime Minister said her government is implementing capital and maintenance dredging in the country’s major rivers to revive their navigability.

She said under the project special measurers have been taken to save the Buriganga river, the lifeline of capital Dhaka.

“Conference of Climate Change” : Ambassadors of different countries are going to Copenhagen in Denmark to participate at this conference.

Fourty thousand tons carbon will be released in the atmosphere because of their transportation and other reasons.

Some brick manufacturing companies in Bangladesh are taking the responsibility of this additional carbon discharge in a comprehensive way.

These brick manufacturing companies will discharge less carbon to save carbon discharge.

Saved carbon of the brick manufacturing companies in Bangladesh will be adjusted with Denmark.

Copenhagen will give financial instruments against this adjustment.

Copenhagen will give certificate of $15.20 for the pollution of per unit of carbon.

These financial instruments will be sold to developed countries later.

These certificates will be given after 2012 calculating total saved carbon. Only agreement has already completed about this adjustment.

Party line magazines named ‘Discharged carbon of Cop conference is being adjusted with brick manufacturing companies in Bangladesh.’ are being disposed to the ambassadors of different countries at the conference.

If Bangladesh can sale saved carbon, then Bangladesh will contribute to reduce the climate change terrible effect.

Financial giant HSBC has transacted the Bangladesh Taka (BDT)-U.S. Dollar Option for the first time in Bangladesh aiming to minimize customer’s foreign exchange risks in a volatile market.
Global financial Giant HSBC has recently transacted the first ever Bangladesh Taka (BDT) Onshore FX Option Trade in the country for two local and overseas business entities, the Bank authority revealed Tuesday.

The new method, the authority said, allows the importers and exporters involved in a foreign transaction to hedge their exposures more effectively in case of a future movement of the exchange rate.

“We transacted two onshore USDBDT FX Options at zero-premium Range Forwards for Viyellex Ltd- a local RMG exporter and Coats Bangladesh- a UK based supplier of yarn and other raw materials”, said arique I Khan, Head of Global Markets of HSBC Bangladesh.

“The deal which worth US$ 0.5 million each is the first of its kind in the country and likely to usher in a new era in foreign transaction for the country by removing many of the existing hurdles”, he added.

Until now, the only method of hedging BDT FX risk was to book an FX Forwards (FWD) contract. In such cases, banks usually hedged the spot risk of the FX Forwards sold to or brought from customers and carry the interest rate risk of the two currencies within their balance sheet.

“However, in such cases, interest rate differential does not always reflect an accurate FWD rate due to the absence of BDT term interest rate market”, said Tarique I Khan, Head of Global Markets of HSBC Bangladesh.

“At the same time, the regulations require the banks to close out the Forwards contract at maturity date and if an LC gets delayed due to shipment of or other unforeseen event, customers are obliged to close out the Forward contract at the Forward or worse rate”, he added.

HSBC authority said that the new method of FX Options would address such shortcomings of the Forward contract by providing them a sort of ‘buying insurance’ and more flexibility.

“An Option, for an upfront premium or fee, gives the buyers the right to buy or sell a currency at maturity date but with no obligation and as such gives the customers additional flexibility to hedge their future BDT FX risks within a forecasted range without having to incur any premium cost”, Tarique said.

“If US Dollar or Bangladeshi Taka moves beyond a certain adverse rate, customer is hedged at that rate and can exercise his right. Again, if the rate moves in the favour of underlying FX exposure, customer can only benefit up to a certain level”, he added.