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Swinging remittances back into high gear

One out of every 10 individuals migrates out of his hinterland for either economic sustenance or want of a better life. Globally, there are 232 million international migrants in 2013, up from 175 million 13 years ago. The recent World Bank report cites that international migrant remittances to developing countries are estimated to have reached $404 billion in 2013. These remittances far exceed the foreign aid received by many developing countries. Xpress-MoneyOne such country is Bangladesh, for which the remitted money not only helps i...

Lilliput wants to make a fresh start

Kidswear retailer Lilliput, which has been in the news for causing the fallout between Bain Capital and auditing firm EY, said it is eager to give its business a fresh start. The company said that it has already paid part of its dues to its Bangladeshi vendors. liliputPrivate equity (PE) firm Bain and ten of its subsidiaries have sued EY Global Ltd and EY LLP in a Massachusetts court, claiming that the investment has now been ‘rendered worthless’. Bain invested $59 million to buy 31 per cent of Lilliput Kidswear. It had alleged that EY was invol...

ROTA’s Ramadan Project to renovate Bangladesh school

Reach Out To Asia (ROTA) will renovate Bangladesh MHM School in Abu Hamour as part of its Eighth Annual Ramadan Project called ‘Sharing Blessings’, officials announced here Wednesday. rotaSpeaking at media conference held at Qatar Foundation today, ROTA Acting Executive Director Mohamed Al Naama said, “We are engaging ROTA volunteers during the holy month of Ramadan to share their blessings with people in need in our community.” ROTA’s Ramadan 2014 Project aims to provide opportunities for volunteering and raise awareness on its values and the conc...

7428km of river routes lost in 39 yrs    

The overall length of river routes in the country has declined by 7428 kilometres since 1975.

“According to the mileage table published by Bangladesh Inland Water Transport Authority (BIWTA) in 1975, the length of the country’s river route was 13660 km (8485 miles). But as per the latest statistics of BIWTA, the length of river route is about 6232 km,” Shipping Minister Shajahan Khan told Parliament on Wednesday.

river1The minister came up with the figures while replying to a scripted question of AKM Mayeedul Islam (Jatiya Party-Kurigram), r...

GIZ, Huntsman to raise the bar for chemical management

Bangladesh’s textile industry is the nation’s largest export sector.Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), a German federal agency that promotes sustainable development, and Huntsman Textile Effects, a leading provider of high quality dyes and textiles chemicals, have signed a cooperation to raise industry standards in the management of chemicals at textile mills in Bangladesh. GIZ_6172The cooperation has been formalised with the signing of a Memorandum of Understanding between Huntsman Textile Effects and Promotion of ...

Bangladeshi General extends open invitation to Liberian army

The reformed Armed Forces of Liberia (AFL) continues to get international goodwill from friends and partners as the rebuilding process of a new and vibrant army remains on course. Currently soldiers of the army are making contributions to the United Nations Peace Keeping Mission in Mali for the first time in over two decades, but at the same time other friendly nations are offering support to the army. BD-liberiaA senior official of the Bangladeshi army, one of the countries serving as major contributor of troops to United Nations Missions around...
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