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Meeting on labour rights in Bangladesh 20 Oct

On 20 October, one-and-a-half year after the tragic collapse of the Rana Plaza factory in Bangladesh, the International Labour Office (ILO), the European Commission (EC) and the Governments of Bangladesh and the US organize a high-level meeting titled "Staying Engaged - for continuous improvements in labour rights and factory safety in the ready-made garment and knitwear industry in Bangladesh". ILO This meeting will take stock of the progress made on the implementation of the Sustainability Compact agreed upon by the ILO, the EC, the Governments of Bangladesh and...

bKash Bangladesh: What explains its fast start

Bangladesh is the heartland of a four decades old microfinance industry. CGAP’s 2013 research indicated that nearly any household that wants a microfinance loan could get one. At the same time, basic mobile payments and savings accounts have spread like wildfire since first introduced three years ago. bkashThe fastest growing provider (by far) is bKash, a specialised company in Bangladesh focused on mass market mobile financial services. Launched in July 2011, bKash reached 11 million accounts by the end of 2013, just 30 months after launch. This ha...

Northeast India turns to Myanmar, Bangladesh for rice

Transport bottlenecks have forced India’s northeastern states to procure much needed rice from neighbouring Myanmar and Bangladesh. The Indian government has floated bids to import rice from Myanmar for Manipur and Mizoram. The Food Corporation of India (FCI) is ferrying rice from other parts of India via Bangladesh for Tripura. riceThe poor transport connectivity in some northeastern states worsened after train services from the rest of India were halted in southern Assam Oct 1, snapping rail connection to Tripura, Manipur and Mizoram. This has...

Better tax administration key to development

More efforts are needed to improve tax collection in countries in South Asia to address inequality, a new report from the World Bank says. taxThe World Bank’s report, “Addressing Inequality in South Asia,” says the South Asia region is home to some remarkable social protection programs, but tax collections are low compared with the rest of the world due to very low compliance rates and the allocation of substantial tax expenditures to regressive subsidies. The World Bank said: “Much of the social assistance in South Asia benefits those that are better off. For...

Business in Myanmar: Let a million factories rise

PREPARATIONS for the first section of the Thilawa Special Economic Zone (SEZ) included clearing nearly 400 hectares of land and building roads to a nearby port. The industrial park is scheduled to open in the middle of next year and some of the 22 companies set to move in will begin building their factories by the end of the month. Yet the most immediate beneficiary will not be Myanmar’s economy. Takashi Yanai, head of the Burmese-Japanese joint venture developing Thilawa, jokes that the monastery sitting in a finger of forest jutting into the park has much to gain. “You cannot touch a monastery in this country,” says Mr Yanai. With every corporate groundbreaking will come a donation to the monks that may one day pay for a grand golden stupa.

Business Dev Confce of IBBL Rangpur Zone

Business Development Conference of Rangpur Zone of Islami Bank Bangladesh Limited was held on October 17, 2014 at a auditorium in Rangpur. Mohammad Abdul Mannan, Managing Director of the Bank was present in the conference as chief guest. DSC_0170Presided over by Md. Shahidullah, Executive Vice President of the Bank and Head of the Zone, the conference was addressed by Md. Altaf Hossain, Executive Vice President and Head of SME Investment Division-I and Dr. Kamaluddin Jasim, Senior Vice President and Head of Business Promotion and Marketing Div...
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