February 17, 2016

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SECOND EDITION

WEDNESDAY, FEBRUARY 17, 2016

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Falgun 5, 1422, Jamadiul Awal 7, 1437

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Regd No DA 6238, Vol 3, No 302

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www.dhakatribune.com | 32 pages | Price: Tk10

Top four oil exporters agree to freeze output n Reuters Top oil exporters Russia, Saudi Arabia, Qatar and Venezuela agreed yesterday to freeze output levels but said the deal was contingent on other producers joining in - a major sticking point with Iran absent from the talks and determined to raise production. The Saudi, Russian, Qatari and Venezuelan oil ministers announced the proposal after a previously undisclosed meeting in Doha. It could become the first joint Opec and non-Opec deal in 15 years, aimed at tackling a growing oversupply of crude and helping prices recover from their lowest in over a decade. Saudi Oil Minister Ali al-Naimi said freezing production at January levels - near record highs - was an adequate measure and he hoped other producers would adopt the plan. Venezuelan Oil Minister Eulogio Del Pino said more talks would take place with Iran and Iraq on Wednesday in Tehran. "The reason we agreed to a potential freeze of production is simple: it is the beginning of a process which we will assess in the next few months and decide if we need other steps to stabilise and improve

INSIDE Police roll out new anti-militancy unit The police yesterday launched the Counter Terrorism and Transnational Crimes (CTTC) unit, the latest move in the government’s effort to put down militancy and terrorism.  PAGE 3

Hunt on for taxevading millionaires

Oil prices jumped to $35.55 per barrel after the news about the secret meeting but later pared gains to trade near $33 on concerns that Iran may reject the deal and that even if Tehran agreed it would not help ease the growing global glut BIGSTOCK the market," Naimi told reporters. "We don't want significant gyrations in prices, we don't want reduction in supply, we want to meet demand, we want a stable oil price. We have to take a step at a time," he said. Oil prices jumped to $35.55 per barrel after the news about the secret meeting but later pared gains to trade near $33 on concerns that Iran may reject the deal and that even if Tehran agreed it would not help ease the growing global glut.

Opec member Iran, Saudi Arabia's regional arch rival, has pledged to steeply increase output in the coming months as it looks to regain market share lost after years of international sanctions, which were lifted in January following a deal with world powers over its nuclear programme. "Our situation is totally different to those countries that have been producing at high levels for the past few years," a senior source familiar with Iran's thinking

told Reuters. Iranian Oil Minister Bijan Zanganeh also indicated Tehran would not agree to freezing its output at January levels, saying the country would not give up its appropriate share of the global oil market.

Special terms

The fact that output from Opec kingpin Saudi Arabia and nonOpec Russia - the world's two top producers and exporters - is near

The National Board of Revenue (NBR) has taken up a massive plan to hunt the people with over Tk1 crore in the country to bring them under the tax net after conducting a fresh countrywide survey on them.  PAGE 15

Badwip publisher sued by police Police have sued Badwip Prakashan owner Shamsuzzoha Manik and two others for printing and selling a book with contents that could hurt religious sentiments. Badwip’s stall at the ongoing book fair was shut down on Monday.  PAGE 32

 PAGE 2 COLUMN 1

IFJ concerned Warrant issued for arrest over Mahfuz of Mahfuz Anam Anam cases n

Biggest private investment in power sector now official

n Tribune Report

The proposed 612-megawatt imported coal-fired power plant in Banshkhali of Chittagong is all set to become the biggest private sector investment in the country’s power sector. A joint venture of Bangladesh’s S Alam Group, and China’s SEPCO-3 Electric Power Constitution Corporation and HTG Group will build the ultra super critical thermal power plant with a net capacity of 1,224MW at a cost of $2.4bn (over Tk188.4bn). The government has selected SS Power 1 Ltd, a concern of the S Alam Group, for building the first unit through tender process while

Tribune Report

The International Federation of Journalists (IFJ) has expressed concern over the cases filed against The Daily Star Editor Mahfuz Anam for carrying “confusing” and “defamatory” reports in his daily about Awami League President Sheikh Hasina during the 2007-08 military-backed caretaker regime. In a statement issued yesterday, IFJ said the attempts to pursue coordinated legal proceedings against the editor was a clear attempt to intimidate the media and muzzle press freedom in Bangladesh.  PAGE 2 COLUMN 3

A Narayanganj court yesterday issued a warrant for the arrest of The Daily Star Editor Mahfuz Anam in a defamation case. Narayanganj Senior Judicial Magistrate Saiduzzaman Sharif passed the order after taking the case into cognisance yesterday afternoon. Mohsin Mia, joint secretary of Narayanganj District Lawyers Association, filed the Tk10 crore defamation case against Mahfuz Anam for carrying “confusing” and “defamatory” reports in his daily about Awami League President Sheikh Hasina during the 2007-08 military-backed caretaker regime.

Confirming the Dhaka Tribune about the arrest warrant, petitioner’s counsel Mahmuda Mala said the next hearing in the case will be held on March 28. According to the case statement, the “fake stories” published by Mahfuz Anam on Sheikh Hasina in his daily during the 2008 caretaker government’s regime defamed the  PAGE 2 COLUMN 3

n Aminur Rahman Rasel

SS Power 2 Ltd was given an unsolicited deal to build the second unit under the speedy supply of power and energy act of 2015. Yesterday, Power Development Board Secretary Mazharul Haque and SS Power Ltd Chairman Mohammed Saiful Alam signed a contract at the Bidyut Bhaban in Dhaka. The agreement says that the government will buy electricity from the plant at the rate of Tk6.61 or 8.259 cents per kilowatt-hour (kWh). The tariff, however, will vary with the ups and downs in coal price in the international market. A non-binding memorandum of understanding (MoU) has been signed with renowned global coal  PAGE 2 COLUMN 3


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