Study sees manufacturing, real estate, construction most vulnerable to recession fallouts A study report cautions that a slowdown or negative growth of the country’s labour-intensive industries such as manufacturing, real estate and construction is likely to have adverse consequences on employment and labour market particularly in terms of generation of employment in these sectors. Most ... Read more
Month: July 2009
‘RMG export to Germany to grow substantially despite global economic meltdown’
Ready-to-wear garment exporters Monday said, Bangladesh exports of RMG items to Germany will increase significantly at a time when the world became upset due to the financial recession, thanks to the government’s measures to face the economic meltdown. Speaking at a workshop on ‘Ways to Boost up RMG Export to Germany Under Present Recession’, they ... Read more
‘Growth not possible unless there’s change in people’s livelihood’
Southeast Asian counties need to come up with better policies for education, access to Information and Communication Technology (ICT), climate change, gender issues, human development, food security and overall development of rural people’s livelihood, speakers told a regional seminar yesterday. Centre for Integrated Rural Development for Asia and the Pacific (CIRDAP) hosted the seminar titled ... Read more
BKB earns profit after decades of loss
Bangladesh Krishi Bank, the largest state-owned bank engaged primarily in financing the agricultural sector of the country, has made a net profit of Tk 12.19 crore in the fiscal year 2008-2009 after incurring loss for about two decades. Last year, the bank suffered a net loss of Tk 196 crore. The unprecedented success of BKB ... Read more
Trade deficit with India from 2001-02 to 2007-08 was US dollar 12278.26 million
Bangladesh’s trade deficit with India from 2001-02 to 2007-08 fiscal years was US Dollar 12278.26 million. Commerce Minister Muhammad Faruq Khan said this in the House today in reply to a question raised by treasury bench member Mohammad Israfil Alam. He said the country’s trade deficit with India was 968.71 million in 2001-02, 1274.18 million ... Read more
6,45,779 workers get foreign employments, 70,738 deported during last fiscal year: Engr Mosharraf
Expatriate Welfare and Foreign Employment Minister Engineer Khandkar Mosharraf Hossain yesterday told the Jatiya Sangsad [JS] that during 2008-2009 fiscal year a total of 6,45,779 Bangladeshis went abroad with foreign employments. Replying to a question from Hafiz Uddin Ahmed [Thakurgaon-3], the minister said that during this period 70,738 Bangladeshi workers
Tigers warm up well
Bangladeshi batsmen at last shrugged off the lean patch to get back in form and had some useful batting practice ahead of the first Test as the three-dayer warm up game against West Indies A destined to a predictable draw at Kensington Oval in Bridgetown on Sunday. Opener Tamim Iqbal starred in the drawn match ... Read more
Cobb flays young Tigers
U-19 Cricket Cobb flays young Tigers England Under-19s made a good start in the first four-dayer against visiting Bangladesh Under-19s at North Marine Road ground in Scarborough yesterday. The home side scored 293 for five in 76.2 overs on the first day till last report was received here last night.
Two silvers for Bangladesh
Bangladesh finished second behind India as usual to earn the silver medals in the Women’s 10 metre Air Rifle team and individual events in the 5th SAF Shooting Championships at the BKSP on Monday. Bangladesh scored 1,177 points, four behind gold medallists India who totaled 1,181. In the individual event of Women’s 10 metre Air ... Read more
Khulna lift Danone Nations Cup
Khulna District Football Association team triumphed the Grameen Danone Under-12 football championship defeating the BFF Development Squad by 2-1 in tri-breaker. By virtue of winning the title, Khulna DFA have earned the right to represent Bangladesh in the Danone World Cup final phase to be held in Brazil. The Khulna booters converted two penalty shots ... Read more
Mirpur Friends Club win handsome in qualifying cricket
Mirpur Friends Club hardly to sweat hard as they recorded a handsome 145 runs win over Nawabganj Cricket Academy in the Third Division Qualifying Cricket League match held at the Jagannath Hall ground here on Monday.
2011 WC will remain in sub-continent, says ICC
July 6 : Pakistan’s intent to seek legal recourse on hosting rights issues may have cast a shadow over the 2011 World Cup but the ICC today made it clear that there was no risk of the event being shifted out of the Indian sub-continent. Pakistan’s share of 14 matches has been allotted to other ... Read more
Govt’s fair price for farmers gobbled up
Rice traders, food officials manipulate procurement, relief to make a mint Massive irregularities have gripped the public food distribution and procurement system in Kushtia as a section of food officials in connivance with dishonest rice traders are pocketing huge money through a ‘buyback’
JS team for Tipai visit seeks 2 BNP members
Two members of the main opposition Bangladesh Nationalist Party are likely to be included in the parliamentary delegation which will visit the site of India’s controversial Tipaimukh project in the upstream of trans-boundary Barak river. ‘We want the delegation to be all-party, and we don’t want to keep any confusion in public mind,’ the head ... Read more
140 killed in China riot
Cops clash with protesters amid tension between ethnic Muslims and Han majority Tensions between ethnic Muslims and China’s Han majority in the far western Xinjiang region erupted in riots that killed 140 people and injured 828, an official said yesterday, marking the deadliest unrest to hit the volatile area in decades.A peaceful protest Sunday of ... Read more
Extortion forces ISPs to wrap up business on DU campus: Blame goes to BCL
The internet service providers doing business on the Dhaka University campus are going to wrap up their business in the face of growing extortion reportedly by Chhatra League activists. The activists of Bangladesh Chhatra League, the student of the ruling Awami League, were learned to have either been demanding extortion from the ISPs or free ... Read more
New agri-loan policy goes into effect next week: Atiur
A new agri-loan policy is going to be introduced from next week aiming to help country’s poor farmers through providing them soft-term loan from a huge fund worth around Tk 11,000 crore. Bangladesh Bank Governor Dr Atiur Rahman unveiled the plan in reply to reporters after discussion with President Zillur Rahman in a meeting at ... Read more
LC opening for edible oil import up by 215.73 pc
Imports of two major commodities-edible oil and onion-are likely to be increased substantially ahead of the holy month of Ramzan, according to the Bangladesh Bank (BB). According to BB’s data released here yesterday, the total number of the Letters of Credit (LCs) opened for importing edible oil increased by 215.73 per cent in the past ... Read more
Dhaka hesitant to campaign for global fund
CLIMATE CHANGE MITIGATION Dhaka hesitant to campaign for global fund Dhaka seems to be hesitant in launching an international campaign to claim compensation for climate change effects the country is exposed to, despite earmarking a significant amount of domestic resources for funding relevant
BB increases lending limit under EDF
The Bangladesh Bank (BB) has decided to increase the lending limit for the exporters under the Export Development Fund (EDF). According to a central bank circular issued on June 30, the lending limit for individual exporter has been increased to 2 million US