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By: Rejaul Karim Byron The finance division has pointed out five major risks associated with Malaysia’s proposed financing for the Padma bridge project, and said those concerns must be addressed if the proposal is to be accepted, according to a finance ministry official. Though the deal has been described as a government-to-government agreement, the Memorandum […]

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Tara Das says she is the fifth generation of her family to work at the same brothel in Bangladesh, but now she is fighting against Islamic protesters who want her business to close. The red light district in Madaripur city is thought to have been in operation for at least 150 years, and the sex […]

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by Sanjiv Burmann Schoolchildren in a slum in Dhaka, capital of Bangladesh, put their best feet forward to greet German Foreign Minister Guido Westerwelle during his trip. Some stood dressed in their finest clothes and sang songs; others lined the narrow alleys, ready to present him with flowers. Westerwelle may have recalled their faces as […]

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Dhaka, June 24 (Xinhua-ANI): Bangladesh’s food grain import during July-April period of the outgoing 2011-12 fiscal year ending this month declined sharply by more than 50 percent year-on- year, said a central bank official of Sunday. Quoting Bangladesh Bank (BB) data, the official who preferred to be unnamed said Bangladesh’s rice import plunged 56.32 percent […]

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By: Wahidur Rahman The pharmaceutical sector is highly developed in Bangladesh and contributes significantly to the country’s economy. After the promulgation of Drug Control Ordinance-1982, the development of the sector was accelerated. The professional knowledge and innovative conceptual skills played a vital role in the development of the sector as a whole. The substantial development […]

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More than 300 clothing factories in Bangladesh have re-opened after several days of violent protests by workers over salaries. Tens of thousands of workers vandalised plants and clashed with the police, demanding better pay and conditions. Garment workers last got a pay rise two years ago but union leaders say pay has not kept pace […]

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By: Refayet Ullah Mirdha The apparel industry is in a double bind: continuous high inflation has led to a wage pressure and a gloomy global economy has left the garment owners in a tight financial situation. The garment workers had a pay hike less than two years ago, but they are already finding it hard […]

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Standard Chartered Bank yesterday launched a new type of credit card — Visa Signature Card — to offer a host of superior travel and lifestyle benefits for the top-end consumers of Bangladesh. The card will mainly focus on providing attractive and exclusive travel, dining and lodging privileges, both locally and globally. Jim McCabe, the bank’s […]

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F R Chowdhury 25th June every year is now being celebrated as a day of Seafarers. International sea borne trade has a tremendous contribution in the development of trade, commerce, agriculture, industry, tourism, education, culture, science and technology. As a matter of fact this world would not have been what it is today without shipping. […]

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By: Sohel Parvez The central bank has tightened rules for classifying and rescheduling loans in a bid to improve banks’ financial health and ensure better discipline in the sector. But bankers said the move will swell the amount of default loans at banks and hurt profitability. In line with the latest directive of the Bangladesh […]

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By: Mohd Jahangir Alam Amid recurring violence in the country’s fast-growing export-oriented readymade garment (RMG) industry, intelligence officials say that some vested quarters, both local and foreign, have long been involved in the dirty game. The intelligence officials have identified five broad categories of vested quarters as playing a role in destabilising the country’s highest […]

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Nearly 50,000 Bangladeshi garment workers staged violent demonstrations on Wednesday demanding an increase in wages. The workers manufacture clothes for Walmart, H&M and Tesco, putting in 10-16 hours shift, six days a week.   Scores of protesters and police officers were injured on Wednesday as at least 50,000 Bangladeshi garment workers staged violent demonstrations to […]

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