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Mozena advises Bangladesh to fix workplace safety problems to obtain duty-free privileges from US Star Business Report US Ambassador Dan Mozena yesterday advised Bangladesh to fix workplace safety and labour rights problems immediately — to obtain duty-free privileges from his country. The Tazreen fire that killed more than 100 workers was a call to action, […]

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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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The High Court on Sunday ordered investigation into the alleged irregularities in loan disbursement by the state-owned Janata Bank. The bench of Justices Naima Haider and Muhammad Khurshid Alam directed the Finance Secretary to form the probe panel led by a former Bangladesh Bank Governor within seven days after a primary hearing on a writ […]

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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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Registration of Bangladeshi workers seeking jobs in Malaysia will begin at the end of December through the website of Bureau of Manpower, Employment and Training (BMET). Khandker Mosharraf Hossain, expatriates’ welfare and overseas employment minister, made the announcement at press conference at the ministry on Sunday. He said, “Each of the workers will have to […]

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L-R: Photo shows a fire that breaks out at a RMG factory in Ashulia Saturday, leaving 111 people dead and the portion of damaged flyover that collapses on same day in Ctg, claiming the lives of at least 12 people. Pubali Bank Limited donated Tk 2 crore to the Prime Minister’s Relief Fund to help […]

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The government has decided to procure Aman rice at a rate of Tk 26 per Kilogram (Kg) after considering all aspects of the production cost and market price, food minister Abdur Razzak said on Sunday. He said the government has set a target of procuring three lakh metric tons (MT) Aman rice. Abdur Razzak was […]

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Abdur Rahim Harmachi Chief Economics Correspondent The foreign aid received by Bangladesh has nearly trebled, to USD 334.69 million, in the first three months of the current fiscal as compared to the same period last year. An expert believes the boost in the flow of foreign aid is an outcome of the government’s alertness over […]

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US Secretary of Labour Hilda L Solis on Friday assured that her department was ready to help Bangladesh with technical assistance and expertise in the readymade garment sector. “The US Department of Labor stands ready to help, with technical assistance and expertise, to work with the government of Bangladesh to ensure that this horrific tragedy […]

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