Aussie retailers to publish address of Bangladesh RMG maker
Target Australia and Pacific Brands have promised to publish the location of their supplier factories in Bangladesh, in what human rights groups described as a ''watershed moment'' for Australian retailers.
Kmart, the first Australian company to pledge full transparency of its supply chain, will publish the location of every Bangladesh factory on Tuesday.
Oxfam's chief executive, Helen Szoke, said the announcements would encourage transparency.
''With...
Oxfam's chief executive, Helen Szoke, said the announcements would encourage transparency.
''With...
JUJA observes victory day
Jahangirnagar University Journalist Association (JUJA) observed the 43rd Victory Day with due respect and befitting manner on Monday.
A good number of journalists led by its president Kamran Seddiqui placed floral wreath to the monument of National Memorial at Savar.
Among others, Vice-President Nazmul Haque Zenith, Joint-Secretary Joni Alam, Treasurer Mamunur Rashid Saikat and office Secretary Bachchu Sheikh Rabin were also present on the occasion.
Earlier, on behalf of university authori...
Among others, Vice-President Nazmul Haque Zenith, Joint-Secretary Joni Alam, Treasurer Mamunur Rashid Saikat and office Secretary Bachchu Sheikh Rabin were also present on the occasion.
Earlier, on behalf of university authori...
Robi breaks Guinness Record for Bangladesh
Robi Axiata Ltd, in partnership with the Bangladesh Army, has shattered the Guinness Record for Bangladesh with the creation of the world’s biggest national flag with an unofficial count of 27,127 numbers of people, at the National Parade Ground, Sher-E-Bangla Nagar on Monday.
Nearly 30,000 volunteers from the Bangladesh Army, school children, and the general population, comprising mostly of the youth and enthusiastic professionals, were brought together on this auspicious Victory Day of Bangladesh in an attempt to ...
Nearly 30,000 volunteers from the Bangladesh Army, school children, and the general population, comprising mostly of the youth and enthusiastic professionals, were brought together on this auspicious Victory Day of Bangladesh in an attempt to ...
Anguish in RMG sector exist almost whole of 2013
Due to the ongoing political impasse, the country’s RMG sector losses in billions of taka every day. Foreign apparel orders worth $3.96 lakh were cancelled while the exporters spent $3.08 lakh on air shipment during the first three days of the current month, according to the data collected by BGMEA’s research and development team.
The research unit collected data from 10 exporters to assess the overall losses caused by the blockade. Many small factory owners may go bankrupt due to failing shipment on time.
Exporters to get 1pc interest cut on EDF to recover losses
To help the exporters recover their losses due to ongoing political unrest, the central bank has slashed 1.0 per cent interest on its export development fund (EDF) scheme for the next six months.
Under the amended rules, exporters are allowed to get such foreign currency loan through commercial banks on payment of 1.50 per cent interest instead of 2.50 per cent earlier.
The Bangladesh Bank (BB) issued a circular in this connection Sunday and asked the commercial banks to follow the revised interest rate on the EDF scheme from the date of issuance of this circula...
The Bangladesh Bank (BB) issued a circular in this connection Sunday and asked the commercial banks to follow the revised interest rate on the EDF scheme from the date of issuance of this circula...
