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star archiveAshfaqur Rahman Last week, political events in Bangladesh had been troubling. First there was the toxic oborodh (physical blockade) and then a full day of countrywide hartal followed by another one for half a day. In the 21st century such political tactics are not only out of date but also very costly economically. They […]

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Bangladesh Garments Manufacturers and Exporters Association (BGMEA) sought a separate ‘apparel ministry’ for coordination and effective representation of the multi-billion dollar Readymade Garments (RMG) industry. “We need a separate apparel ministry for effective representation of the gigantic industry. We’ll give a proposal to the government to that end shortly,” M Shafiul Islam Mohiuddin, president of […]

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Prime Minister Sheikh Hasina said, “For many countries Bangladesh is now considered as a role model of socio-economic development. Around five crore people elevated their position from poor-class to middle-class and per capita income has been raised to US$ 850 from US$ 630,” The artillery strength of Bangladesh Army has entered into a new phase […]

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LGRD Minister and Awami League General Secretary Syed Ashraful Islam on Wednesday sharply criticised US Ambassador Dan W Mozena for pushing Bangladesh to allow trade unions in the country’s RMG factories. Without mentioning the US Ambassador’s name, he said the US envoy should look at his own country first before frequently advising Bangladesh regarding trade […]

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by  F R Chowdhury In the early days of independence our import used to be three to four times higher than our exports. This was an alarming situation. It could not go on like that. We knew Bangladesh had the potentials and that it would find new avenues to eventually balance the situation. Since then […]

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State-owned Biman Bangladesh Airlines has earned around Tk 1 billion as profit only from the Hajj flights this season. Civil Aviation and Tourism Minister Muhammad Faruk Khan disclosed the information on Saturday at a press conference at the Biman headquarters at the capital’s Kurmitola earlier in the day. He said the airliner has earned a […]

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Australian expert says Bangladesh should showcase its capabilities to the world Abdullah Mamun Bangladesh can become a significant part of the outsourcing industry expected to be worth $124 billion by 2016, said a foreign analyst in the ICT sector. Business process outsourcing (BPO) deals in 2010 were worth $45 billion, of which 46 percent were […]

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The lender slaps new condition of ‘diagnostic exams’ in state banks Rejaul Karim Byron Bangladesh Bank has opened a probe into the whereabouts of the Sonali Bank money embezzled by Hall-Mark Group, on advice from the International Monetary Fund. The financial intelligence unit of the central bank will also see whether the amount has been […]

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Dhaka, Dec 3 (bdnews24.com)—The International Monetary Fund (IMF) has agreed to release the second tranche of the $1 billion in extended credit facility (ECF) to Bangladesh after long haggling. After meeting an IMF delegation on Monday, Finance Minister Abul Maal Abdul Muhith told reporters that Bangladesh will receive the second instalment worth $141 million in […]

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A fire officer advises workers on safety measures at a garment factory in Ashulia. Over the past two decades, Bangladesh’s merchandise exports in current US dollars surged from around $2 billion in FY1992 to $24 billion in FY2012, growing at a heady pace of 13 percent per year. This is a superb performance by most […]

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In a major breakthrough in building the country’s first metro rail system in Dhaka, Japan has approved $2.1 billion in soft loan for the $2.7 billion project. Finance Minister AMA Muhith disclosed this yesterday at his secretariat office after Japanese Ambassador in Dhaka Shiro Sadoshima handed over the approval letter to him. “Japan government has […]

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Recruitment of 30,000 workers starts next year Ending a four-year ban, Malaysia will initially recruit 30,000 Bangladeshi workers for its plantation sector from early next year. “It will also recruit gradually workers in the manufacturing, construction, agriculture and service sectors. This is a milestone in the history of the country’s manpower export sector,” Expatriates Welfare […]

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