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Enterprising young teachers aim to break the cycle of poverty by providing English-language education for the poorest of the poor. By Syed Tashfin Chowdhury She may be labelled by some as underprivileged, but Class III student Shamima Hossain Lily has big dreams. The 14-year-old plans to be a psychologist one day. Her father Delowar Hossain, […]

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BERKELEY (California), Feb 26 (UNB): Bangladesh is ready to take its place on the world stage as a prosperous, moderate Muslim country, but entrepreneurial energy and political purpose are needed to overcome challenges, experts here said. The Bangladeshi and international experts came up with the message at a conference on Bangladesh that concluded at the […]

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Dhaka, Feb 26 (IANS) Propelled by merchandise export and inward remittances, Bangladesh’s account balance recorded a surplus of nearly $1 billion in the first half of current 2012-13 fiscal year ending in June, a central bank official said Tuesday. Quoting the Bangladesh Bank (BB) data, the official told Xinhua that “the current account balance showed […]

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Jasim Uddin Haroon and Rezaul Karim The present confrontational and volatile political scenario is affecting the country’s ability to attract investment, especially in the private sector, as observed by major industry players. The import of capital machinery during the current fiscal year’s first seven months ending on January 31, 2013 dropped 21.59 per cent to US$ […]

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Any proposal to set up a readymade garment (RMG) factory in Bangladesh would not be approved in the absence of compliance of building code and other safety measures, Industries Minister Dilip Barua has said. Addressing a ‘Multi-stakeholders Meeting to Ensure Safety and Build Positive Image of the Garment Industry of Bangladesh’, the Minister said RMG […]

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A US team is in Dhaka to talk to the government and industry representatives about the March hearing of a petition to strip Bangladesh from duty-free market access. The US Department of Labour’s Acting Under Secretary for International Labour Affairs Eric Biel and International Economist Mike O’Donovan are visiting Bangladesh, according to the US embassy […]

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The first fairly traded coffins, handmade from bamboo and willow by workers in Bangladesh, are being made available in the UK, the Co-operative said. The coffins, made at a site employing around 70 people in the Nilphamari district, close to where the raw bamboo is grown, will be offered at more than 900 Co-operative Funeralcare homes across […]

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(MENAFN – Arab News) The Saudi-Bangladesh 10th Joint Commission meets on Monday and Tuesday in Riyadh to discuss economic and trade opportunities, said Bangladesh Ambassador Mohammed Shahidul Islam. “The meeting is aimed at securing tangible benefits for both parties in terms of their economies, trade, investment, education, culture, human resource development, health, agriculture, manpower cooperation […]

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DHAKA: The International Monetary Fund (IMF) has approved the payment of $139.4 million to Bangladesh as the second tranche of a three-year, $975.9 million loan deal to help the country battle budgetary and inflationary pressures. The disbursement brings total payments so far to about $278.8 million, the IMF said in a statement, seen by Reuters […]

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(Reuters) – Japan will provide $793 million to Bangladesh to fund four infrastructure projects, a senior Japanese aid official said on Wednesday. The bulk of the money will come in loans along with a $8.0 million grant under separate deals signed in Dhaka, said Takao Toda, chief representative of the Japan International Cooperation Agency (JICA) […]

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Munima Sultana The Bangladesh Bridge Authority (BBA) has prepared a revised plan for the government on resource allocation for the Padma Bridge project, reducing dependence on foreign currency by US$350 million. The BBA that plans to complete the 6.15 kilometre bridge in next five years has estimated the foreign currency need at $2.03 billion until […]

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A U.S. threat to withdraw trade preferences will harm labor progress. Bangladesh has faced a military dictatorship and Islamist threats in the last decade, yet its economy keeps growing at 6% a year. That’s no small feat, and much credit goes to its garment exporters, who are even starting to edge out Chinese manufacturers. But […]

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