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Xi Jinping Reaffirms China’s Commitment to Aid Bangladesh
Chinese President Xi Jinping has reiterated his country’s unwavering commitment to stand by Bangladesh, offering support across various realms, including facilitating Bangladesh’s entrance into BRICS and assisting in finding a lasting resolution to the Rohingya crisis.
During bilateral talks on the sidelines of the 15th BRICS Summit in Johannesburg, President Xi conveyed his steadfast support to Bangladesh Prime Minister Sheikh Hasina. Foreign Minister Dr AK Abdul Momen quoted Xi as expressing his readiness to back Bangladesh’s membership in BRICS, underscoring the potential for collaboration.
Furthermore, President Xi emphasized the importance of ensuring a permanent solution to the Rohingya crisis. He reassured that China is dedicated to assisting Bangladesh in resolving this humanitarian challenge, acknowledging the imperative of regional stability.
Following their meeting at the Hilton Sandton Hotel, Foreign Minister Momen stated that President Xi proposed a tripartite engagement involving China, Bangladesh, and Myanmar to address the Rohingya issue. Bangladesh Prime Minister Sheikh Hasina emphasized her government’s intent to repatriate the displaced Rohingyas to their homeland, highlighting concerns about their involvement in illicit activities, such as drug and arms trading, which pose a threat to regional peace.
In response, President Xi pledged continuous support in resolving the Rohingya crisis and expressed China’s eagerness to contribute to Bangladesh’s energy, renewable energy, and infrastructure development. He also extended a commitment to aid Bangladesh in realizing its vision of becoming a prosperous and developed “Sonar Bangla.”
President Xi affirmed, “China will assist you in materializing your dream of building a developed and prosperous ‘Sonar Bangla’ as swiftly as possible.”
Notably, Bangladesh sought President Xi’s assistance in expediting the implementation of Chinese-funded projects that are facing financial obstacles. President Xi assured a thorough review of the situation.
Addressing the trade imbalance between Bangladesh and China, Prime Minister Sheikh Hasina stressed the need to narrow the gap. She highlighted the substantial trade deficit, with Bangladesh importing Chinese goods worth about 20 billion US dollars annually, while China’s imports from Bangladesh total only 700 million US dollars. President Xi acknowledged the concern and expressed willingness to initiate measures to rectify this trade disparity.
President Xi underscored that China has already granted duty-free and quota-free access to 98 percent of Bangladeshi products in the Chinese market. He asserted that by fostering Chinese investments in Bangladesh, the trade gap can be mitigated.
Discussions also centered on the Preferential Trade Agreement (PTA) between the two countries. Prime Minister Sheikh Hasina emphasized its significance, and President Xi assured proactive steps to expedite its signing.
During the bilateral meeting, Bangladesh expressed interest in exporting fresh fruits, vegetables, cattle, poultry feeds, and other goods to China. President Xi committed to considering this matter attentively.
In a reciprocal gesture, President Xi invited Prime Minister Sheikh Hasina to China, while also extending an invitation for her to witness the opening of the Padma Rail Bridge in Bangladesh in October. Both leaders agreed to coordinate the details of the visits.
As Bangladesh participates in the BRICS summit, Prime Minister Sheikh Hasina is set to deliver a speech on behalf of Bangladesh as a member of the “New Development Bank of BRICS.”
The bilateral engagement between Bangladesh and China underscores the strong ties and mutual interests that guide their collaborative efforts.
Weekly Dhaka Stock Exchange, DSE, Dhaka Bourse has seen a negative performance in Indices, Turnover & Market Capitalization throughout the whole week, This information was disclosed in the weekly market review from the DSE.
According to sources, (5 working days) the turnover of DSE lost by Tk 3 thousand 289 crore 7 lakh (August 18 – August 22). At the same time, the market capitalization has decreased by 16 thousand 132 crore 59 lakh taka.
The benchmark index ‘DSEX’ lost by 203.92 points or 3.45 percent, in the outgoing week. At the end of the week, the index stands at 5,699 points. The Shariah-based index ‘DSES’ dropped 45.64 points or 3.61 percent and therefore the index stands at 1,264 points. The blue-chip index ‘DS30’ decreased by 88.76 points or 4.07 percent, hence the index stands at 2,090 points.
Shares and units worth 3 thousand 122 crore 5 lakh taka were traded in Dhaka Stock Exchange. At the end of the week, the market capitalization stood at 6 lakh 92 thousand 831 crore 80 lakh taka.
Shares and units of 394 companies were traded on Bourse during the week. Of these, 5 shares were unchanged, 357 companies declined, and 32 companies advanced.
Grameenphone Limited has ranked at the top of weekly trading on DSE. The Company records an average turnover of 57 crore 69 lakh taka.
Midland Bank PLC ranked at the top of weekly gainers on DSE. The share has risen 12.09 percent to its highest price.
SEML FBLSL Growth Fund has ranked at the top of weekly losers on DSE. The unit has dropped 14.52 percent lowest in the last week.
Prime Minister Sheikh Hasina today offered solace to the families of those killed during the chaos instigated by BNP-Jamaat terrorists, who exploited the recent quota reform movement. The grieving families met her at her official residence, Ganabhaban.
Among the bereaved were the family members of Abu Sayeed, a student from the English Department at Begum Rokeya University, Rangpur (BRUR), along with 33 other families. Sheikh Hasina presented them with saving certificates and cash as a gesture of assistance.
The sight of the prime minister brought the grieving families to tears. As each family member approached Sheikh Hasina, their emotions overflowed, and they broke down crying.
The prime minister, visibly moved, also struggled to contain her emotions. Tears streamed down her face as she listened to their stories, and she appeared deeply distressed.
In her attempt to console the families, Sheikh Hasina shared her own pain, saying, “Look at me, I am living with so much pain.” She reassured them of her support, expressing that she, too, understands the agony of losing loved ones. “It’s my misery that I have to see your tears,” she continued.
The atmosphere at Ganabhaban was heart-wrenching, filled with grief and shared sorrow.
Present at the event were Speaker Shirin Sharmin Chaudhury and Home Minister Asaduzzaman Khan, with Prime Minister’s Office Secretary Mohammad Salahuddin moderating the proceedings.
Abu Sayeed’s father Makbul Hossain, mother Monwara Begum, and other relatives traveled from Rangpur to Dhaka and attended the gathering at Ganabhaban.
Abu Sayeed, a 12th batch student in the English Department at BRUR, died on July 16 during the quota reform movement in Rangpur. Earlier, on July 26, the BRUR administration provided financial support to Sayeed’s family, delivering a cheque of Taka 750,000 to his parents in Pirganj, Rangpur.
Dhaka Stock Market DSE, Bourse on the first working day of the week, 28th July, ended with a drop in Indices and Turnover from the previous working session. This information is known from DSE sources.
488 crore 38 lakh taka shares were traded on this day. 8 crore 96 lakh less tradings were done in DSE today compared to the previous workday, July 25th, Shares worth Tk 497 crores 34 lakh shares were traded last time, Thursday.
The benchmark DSEX decreased 29.92 points or 5,383 The Shariah-based index DSES lost 5.65 points or 1,177 and the blue-chip index DS30 dropped by 11.51 points or 1,951.
Of the issues traded, 88 advanced, 261 declined and 43 remained unchanged.
Techno Drugs Limited ranked top gainer on DSE, the share price increased by Tk 4.20 paisa or 9.93 percent. On this day, the share was last traded at Tk 46.50 paisa.
Shurwid Industries Limited ranked top loser on the DSE, the share price dropped by Tk 0.30 paisa or 3.00 percent. On this day, the share was last traded at Tk 9.70 paisa.
DSE topped on trade is Agni Systems Limited 28 crore 71 lakh takas of company shares have been traded.
A total of 33 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 31 lakh 74 thousand 737 shares of the companies were traded. The financial value of which is 30 crore 93 lakh taka
