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First-ever 5-star resort in Srimangal kicks off

The first-ever 5-star resort established with total local investment in Srimangal upazila namely ‘Grand Sultan Tea Resort and Golf’ is going to start its journey on Wednesday. Khwaja Tipu Sultan, Chairman of Excursion and Resorts Bangladesh Ltd, the mother concern of the resort, will formally open the resort in the evening on the day. Five-Star-hotelPopular singers will rock the resort area on the first day of the two-day inaugural ceremony, reports UNB. Besides, inv...

RMG exports jump 20.73pc in July-Nov’13

The exports of Bangladesh ready made garments increased by 20.73 percent in the first five months of the current fiscal year 2013-14 to US$ 9.653 billion, as against exports of US$ 7.995 billion made during the corresponding period of previous fiscal, the data from the Export Promotion Bureau (EPB) showed. Knitwear exports registered US$ 4.899 billion during July-November 2013 period, showing a year-on-year increase of 20.48 percent over exports worth US$ 4.066 billion made during the same period last year. Workers sort clothes at a garment factory near the collapsed Rana Plaza building in S... </div><!-- .entry-content --> </article><!-- #post-## --> <div class=

$ 40m fund for Bangladesh building collapse victims

Prominent retailers and labor groups has created a $40 million fund to aid the families of victims of the garment factory building collapse in Bangaldesh that killed 1,100 people, officials said. The Bangladeshi government, several prominent retailers and labor groups joined together to create the fund to compensate the families of those killed and those injured in the April 24 collapse, the New York Times reported Monday. RMG Rana PlazaThe accident was the deadliest disa...

HRW worried over safety of participants in war crimes court

The authorities should urgently set up an effective mechanism to protect witnesses in cases before the International Crimes Tribunal (ICT) of Bangladesh, Human Rights Watch (HRW) said on Tuesday. 

Prosecution witness Mustafa Howlader died on December 10, 2013, after being attacked in his home. Howlader appeared in the case against Delwar Hossain Sayedee, a leading figure in the Jamaat-e-Islaami party.

“War crimes trials have become flashpoints for political tension and violence in Bangladesh,” said Brad Adams, Asia director. “The killing of a prosecution witness will frighten past and future war crimes trial witnesses, and some may choose not to testify.”

RMG Bangladesh: Unraveling at the seams

All good things have a way of coming to an end-an unpleasant reality that Bangladeshi RMG players might soon be coming face to face with. The illustrious rise of the Bangladeshi textile profile is a case study in itself. The boom has contributed greatly to the country’s economic development; having created millions of jobs and helping drive down the country’s poverty rate. Bangladesh-rmg-workerBut, in recent years, the rapid change has also created new probl...

Policy on loan rescheduling relaxed for 6 months

The central bank has relaxed the loan rescheduling policy on a limited scale for the next six months to facilitate financing for the businesses, affected by the ongoing political unrest. Under the relaxations, the Bangladesh Bank (BB) has allowed banks to reschedule loans by fixing their down payment and time limit for repayment on the basis of banker-customer relationship. bbThe commercial banks have also been empowered to restructure their unclassified loans through re-fixing repayment schedule at a reaso...
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