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Govt sits with stakeholders Oct 30 to finalise rules of labour law

The government will sit with stakeholders on October 30 to finalise rules for implementing the amended labour law in the factories, as Bangladesh has already fulfilled majority of the conditions promised in the Sustainability Compact. tofayalCommerce Minister Tofail Ahmed told this to reporters at his secretariat office in Dhaka today after returning from Belgian capital Brussels where he attended the first review meeting of the Sustainability Compact. The meeting ended October 21. -Star Business Report

Govt borrowing from banks rises by 270pc in Q1    

The government’s borrowing from the banking system increased by 269.92 per cent in the first three months and nine days of the current financial year compared with that in the same period of FY14. The government resorted to such increased borrowing from the banking source to pay salaries and festival bonus to its employees on the occasion of Eid-ul-Azha, reports the New Age. The borrowing from the banks by the government stood at Tk 4,632.25 crore between July 1 and October 9 this financial year against Tk 1,252.20 crore the government borrowed in the same period of the FY14, according to the latest BB data.

Bangladeshis among migrant workers exploited in UAE: HRW

Workers and members of the media inspectMigrant workers from Bangladesh and many other Asian and African countries are beaten, exploited, and trapped in forced labour situations in the United Arab Emirates (UAE), Human Rights Watch said in a report released today. The UAE government, about to take up an influential new role in the International Labour Organization (ILO), has failed to adequately protect female domestic workers – many of them from the Philippines – from abuse by employers and recruiters. In this Star photo taken on August 27, 2013, Ba...

Banking sector returns to sorry state again

Banking sector indicators have fallen further in June due to rise in gross non-performing loans (NPLs) and shortfall in actual provisioning maintained by the sector. Bangladesh Bank, in its quarterly review released early this week, expressed concern over the weakening performance by the banks, mainly the state-owned ones having major portion of the NPLs. After showing a noticeable improvement in December, the banking indicators faced setback again in the last two quarters. An abnormal increase in NPLs pushed the indicators down, said a senior executive of the central bank, reports the Dhaka Tribune.

UK Parliamentary Under Secy of State for Int’l Dev due Sunday

UK Parliamentary Under Secretary of State for International Development Lynne Featherstone arrives here on Sunday on a three-day visit. She will meet speaker Dr Shirin Sharmin Chaudhury and State Minister for Foreign Affairs M Shahriar Alam during her visit apart from other engagements, said an official here on Wednesday. Featherstone, appointed Parliamentary Under Secretary of State for International Development on September 5, 2012, is likely to meet Prime Minister Sheikh Hasina. However, the schedule is it to be finanlised, the official said. UK sec

Emami announces ultimate man of Bangladesh

The ultimate man of Bangladesh has been declared for the second time on the hit reality show Emami Fair & Handsome Channel – I Handsome the Ultimate Man Season 2 and his name is Abul Kalam Azad.  The ultimate man of 2014 received a cash prize of tk. 5 Lac, an acting contract with Impress Telefilm and will become the brand ambassador of the Emami brand. Fair and Handsome ----------------------- 01An eventful and star-studded gala night was held at the Bangabandhu International Conference centre Hall of fame where th...
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