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
News
‘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
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
Concern over raid on Adcom
Advertisement professionals yesterday expressed concern over the raid, and seizure of equipment, computers and valuable documents of advertising firm Adcom and its associate organisations. They demanded that the authorities return the seized things, and resolve the problem, says a press
HC asks 14 labour leaders to surrender in 8 weeks
The High Court (HC) yesterday directed 14 labour leaders and workers to surrender before the trial court within eight weeks in connection with a case filed against them following the recent vandalism in garment factories in Ashulia. The HC bench of Justice MA Wahhab Miah and Justice Abdur Razzak asked the law enforcers not to ... Read more
Moon ride on Dhaka roads
Rain turns dug-up, ill-repaired streets from bad to worse Poor road conditions, delayed repairs and continuous road diggings have left many residents suffering at different places around the city. Road works completed after digging up roads, and then filled back, have been left without complete repairs, adding to the misery of commuters. The monsoon rains, ... Read more
Lifetime SSF security for Bangabandhu family
The cabinet yesterday approved in principle the ‘Father of the Nation’s Family Members Security Act 2009 providing lifetime security for family members of Sheikh Mujibur Rahman with immediate effect. The approval was given at a regular weekly meeting of the cabinet at Bangladesh Secretariat with Prime Minister Sheikh Hasina, eldest daughter of the slain leader
Cabinet okays Int’l Crimes Tribunal Bill ‘09
The cabinet has approved the International Crimes Tribunal (Amendment) Bill 2009 aiming to try those involved in acts against humanity during the 1971 liberation war. The approval was given on Monday at the weekly meeting of the cabinet chaired by prime minister Sheikh Hasina. Earlier, the Law Commission recommended five changes in the International Crimes ... Read more
Drug dealers, mafia dons use Bangladesh as transit point
DNC understaffed, ill equipped Drug dealers and Mafia leaders often use Bangladesh as a transit point for dispatching heroin and opium from Myanmar and other countries of the golden triangle to different destinations by dodging the ailing department of narcotics control ( DNC ), which is under staffed and ill equipped to detect their stealthy ... Read more