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Beximco’s severe cash crunch may be eased by Sonali Bank
Beximco Group is a major borrower of the banking sector in Bangladesh, with it’s outstanding loans standing at Tk 6,308 crore as of September 30 2014. Bangladesh’s state-owned Sonali Bank (SB) has...
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Consolidation in the Bangladesh textile industry unavoidable
Bangladeshi ready-made garment (RMG) manufacturers are increasingly sourcing fabrics from abroad due to high price and quality concerns of the local fabrics. Some RMG manufacturers, which used to...
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Boosting export by devaluating currency in Bangladesh
Bangladesh Taka (BDT) is likely to lose its value against major currencies as the relevant authorities are mulling appropriate measures to prop up falling exports. The local currency remained strong...
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Foreign companies bared from the commercial service sector
A long-pending legal petition has been hindering foreign companies entering into the Bangladesh's Commercial Service sector, including the areas of freight forwarding and logistic services, shipping...
View ArticleAmended Bangladesh Labour Act in force but not implemented
Bangladesh Labour Act 2013 has been in force since 22nd July 2013 through official gazette notification of the government of Bangladesh but due to non-existence of the rules for implementation it is...
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300 new garment factories spring up in 2 yrs as 450 down shutters
More than 300 new apparel factories were set up in the last two years while 450 factories were closed down in Bangladesh. Of the total new factories, new entrepreneurs established some 137 while the...
View ArticleILO presses Bangladesh for rules on labour law
The International Labour Organisation (ILO) has emphasised preparing rules for implementation of the Bangladesh Laobur Act in accordance with the international labour standards. Bangladesh Labour Act...
View ArticleBangladesh Export earnings target falls short by 6.0 pc
Bangladesh’s overall export earnings recorded a marginal growth during the July-May period of current fiscal year 2014-15. The export receipts stood at $28.14 billion showing a 2.83 per cent growth...
View ArticleBangladesh among worst places to work: Garment sector found to be key culprit
Bangladesh is one of the ‘worst’ places in the world to work, where workers’ rights are not guaranteed, according to a global survey. The International Trade Union Confederation (ITUC), in a survey...
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Bangladesh Govt. to reclaim 2,000-acre KEPZ project land jeopardising $1.2...
The Bangladesh government’s plan to take back 2,000 acres of land out of nearly 2,500 acres from the Korean Export Processing Zone (KEPZ) would jeopardise an investment of $1.2 billion that South...
View ArticleJapan’s $1.20b soft loan to Bangladesh facing delay
Japan’s nearly US$1.2 billion worth of soft loan for five development projects is facing delay despite Bangladesh government’s aggressive effort for confirming the assistance, officials said Wednesday....
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Japan withdraws US$25m aid from BTCL project for attempted corruption
A Bangladesh government probe committee found five top officials of Bangladesh Telecommunications Company Ltd (BTCL) guilty of attempted corruption, inefficiency and failure to establish a nationwide...
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Japan wins over China beyond South China Sea – for now
Two major powers in Asia, Japan and China have been all but bosom friends for centuries and now more so. Their rivalry range from fishing into each other waters to space research on one hand and...
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Japanese companies rate Bangladesh as top investment destination: JETRO Survey
Competitive wages, low energy prices and cheap production cost as a result, rated Bangladesh the top investment destination for Japanese companies last year, according to a recent survey. The Japan...
View ArticleBangladesh Govt. Cash Subsidies for Exporters in FY 2015-16
The government of Bangladesh has released cash incentives amounting to BDT 8.75 billion for disbursement among major exporters for fiscal year (FY) 2015-16. This amount of subsidies will be distributed...
View ArticleLocal value addition of RMG reaches ‘optimal’ level
Local value addition of the Bangladesh’s readymade garments (RMG) industry has reached its ‘optimal level’, according to the latest statistics published by the Central Bank of the country Bangladesh...
View ArticleFDI into Bangladesh declines as methodology revised to IMF standards
Net inflow of Foreign Direct Investment (FDI) into Bangladesh appeared much lower than it was estimated earlier as the central bank revised the data matching an updated matrix of the IMF. The FDI...
View ArticleBangladesh Project goes on violating JICA agreement terms
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Bangladesh Sustainability Compact – Tasks Ahead
The visiting delegation of Members of the European Parliament (MEPs) in the last week of March, led by Socialists and Democrats Co-rapporteur Mr. Arne Lietz, called on Bangladesh to address four...
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Bangladesh Sustainability Compact Achievements
Sustainability Compact achievements may be categorised in Technical and Legislative achievements. Technical Achievements: Out of more than 7,000 factories, as of March 2017 approximately 1,580...
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