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Bangladesh—Toxic factionalism and constitutional confusions

Bangladesh, the eighth most populated country in the world, is seething with political factionalism and constitutional confusions. Let me first note, however, that, despite ceaseless political turmoil, Bangladesh has secured significant economic growth since its independence in 1971 from Pakistan. The people of Bangladesh are entrepreneurial by temperament. They thrive as merchants, traders, and retailers. Bangladeshi immigrants control the Indian food business in the United Kingdom. Be not surprised to find a Bangladeshi owner behind almost every “Indian restaurant” in London. With copious initiative, Bangladeshis are taking over the Indian food and other retail businesses in New York City. In Kansas, a Bangladeshi immigrant has opened the first Malays...

Canada supports ILO initiative to improve RMG conditions

Canada has announced its support for a joint initiative with the International Labour Organization (ILO) entitled “Improving Working Conditions in the Ready-Made Garment Sector” in Bangladesh. Canada’s support for this initiative is helping to ensure that Bangladesh is better equipped to provide safe and healthy employment for its people,” said Christian Paradis, Canda’s minister of international development and minister for La Francophonie. “Stimulating sustainable economic growth is critical to breaking the cycle of poverty, increasing security and encouraging equality”, he said.

Axiata Group CEO appointed as GSMA Deputy Chair

 Axiata Group Berhad, the parent company of Robi Axiata Ltd Tuesday announced the appointment of its President and Group CEO, Dato‟ Sri Jamaludin Ibrahim, as Deputy Chairman of the GSM Association (GSMA), the organisation representing more than 800 of the world's mobile operators, as well as more than 230 companies in the broader mobile ecosystem. The appointment represents the first time that a Malaysian has held the prestigious post and the first time an ASEAN country has been represented as well. The nomination by GSMA is industry recognition of Axiata as a leading mobile group, not only regionally, but globally.

Airtel to quit Sri Lanka selling business to Etisalat

Indian telecom giant Bharti Airtel is close to exit from Sri Lankan mobile market by selling its business to Etisalat. According to reports, Airtel was negotiating for over five months with the UAE-based telecom company and have agreed on the broad contours of the deal, reports NIDAHASA. airtelAn announcement from Airtel is expected before the return of Manoj Kohli, managing director and chief executive officer (International) of the company, in January to India. Kohli is also in-charge ...

SJIBL opens branch at Elephant Road in city

Shahjalal Islami Bank Ltd (SJIBL) opened its 90th  branch at Elephant Road in the capital on Tuesday. Director of the bank Mohammad Hasan formally inaugurated the branch as chief guest. Farman R Chowdhury, managing director of the bank presided over the inaugural ceremony. Among others, vice chairman of the Board of Directors of the bank Syed Nurul Arefeen and additional managing director Masihul Huq Chowdhury spoke on the occasion. Elehant Ro-ad-3

Moody’s global base metals outlook remains stable

The outlook for the global base metals industry remains stable, said the Investors Service of Moody’s, an international credit rating agency, in a report released yesterday. Average prices for aluminum, copper, nickel and zinc will remain near 2013 levels in the next 12 to 18 months, but will continue to show volatility, said the Moody’s report entitled “Slow Global Recovery Will Keep Base Metals Prices Range Bound.” Global demand for base metals, however, will grow modestly, and “recovery will be uneven,” Moody’s said, adding that Industrial production will remain the main driver of growth.  Geologically, demand will grow at mid-single-digit rates in Asia, improve slowly in United States and Latin America, but remain sluggish...
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