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The potential of routing trade from Kolkata to the North-East through Bangladesh can be exploited. In a bid to cash in on the shortage of coal faced by industrial consumers for quite some time, a Kolkata-based trader sometime ago wondered about transporting coal from Meghalaya by the river route (a large part of which is […]

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Bangladeshi expats can now send money to their dear ones’ bank accounts in Bangladesh in real time using FLASHremit, from UAE Exchange. Both sender and receiver get an SMS each, the moment account is credited.   Abu Dhabi, United Arab Emirates, January 26, 2013 –(PR.com)– Citizens of Bangladesh, settled outside the country, can now send […]

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With $67 million cost, the plant expected to commence operation by end of 2014 Flagship company of the RPG Group, tyre maker Ceat has signed a joint venture agreement with A K Khan & Company, a Bangladesh-based business house, to set up a tyre manufacturing facility in Bangladesh. The Mumbai-based company and its partner will collectively invest $67 […]

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There has been a record rise in Bangladesh’s apparel exports to new emerging markets during the first six months of the current fiscal year that started on July 1, 2012. Indicative of a year-on-year rise of 24.11 percent, new markets contributed around US$ 996.89 million of the US$ 9.94 billion that Bangladesh earned from exports […]

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By Aparupa Bhattacherjee A Memorandum of Understanding (MoU) on manpower export was signed between the government of Bangladesh and Malaysia in November 2012. Malaysia has announced the recruitment of Bangladeshi workers from January 2013. What are the terms agreed upon through this MoU? Why is an agreement on manpower export essential for both countries? Terms […]

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During the first five months of the current 2012-13 fiscal year ending in June (July 2012-June 2013), the net amount of foreign direct investment in Bangladesh was nearly 12 percent higher compared to the same period a year ago, Bangladesh’s central bank data showed Tuesday. The Bangladesh Bank data showed that net FDI inflows in […]

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The Bangladeshi government has been called on by the EU to comply with relevant health and safety legislation and put in place measures to prevent a recurrence of the textile-factory fire that killed 112 people in November. In a resolution adopted by the European Parliament at the end of last week MEPs regretted the deaths […]

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By Emily Jane Fox Wal-Mart will be coming down harder on suppliers who violate its global sourcing standards, the company said Tuesday. The nation’s largest retailer said it will implement a “zero tolerance” policy for any supplier who subcontracts work to factories without its knowledge. Effective March 1, Wal-Mart will sever ties with suppliers who don’t comply. […]

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The fishing industry wants the government to work with authorities in Bangladesh to supply 50,000 workers to solve a labour shortage in Thailand’s growing fisheries industry. The National Fisheries Association of Thailand has also proposed that the government consider registering Rohingya people smuggled into Thailand and detained near the Malaysian border in Songkhla province as foreign […]

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By Syful Islam The United Arab Emirates (UAE) has expressed interest to invest in Bangladesh’s four inland and sea ports aiming at the country’s port sector development, sources said. The ports are: deep-sea port in Cox’s Bazar, Mongla Port, New Mooring Container Terminal, and Inland Container Deport (ICD) with rail connectivity in Dhaka. The sources […]

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By Siddique Islam The European Parliament has asked Bangladeshi authorities to put in place health and safety measures to prevent a recurrence of the clothing factory fire last year that saw more than 111 people lose their lives. The call comes after a resolution was adopted by Members of the European Parliament (MEPs) last week. It […]

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Despite being confronted by high interest rates, local apparel accessories and packaging producers are efficiently supporting Bangladesh’s exports and economy as a whole, Civil Aviation and Tourism Minister Md. Faruk Khan has said. The Minister said this while speaking in the capacity of Chief Guest at the closing ceremony of the fourth International Garment Accessories […]

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