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...
USAID urges Hasina to hold credible election
Administrator of the United States Agency for International Development (USAID) Dr Rajiv J Shah has written a letter to Prime Minister Sheikh Hasina and urged her to find an agreed path to hold a free, fair and credible election.
“The people of Bangladesh want free, fair and credible elections. I urge you to find an agreed path to holding the elections that the Bangladeshi people so deeply want,” he said in the letter to the Prime Minister.
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Gang rapes persist in India despite growing awareness
The chauffeur’s boss was out of town, so the driver called a friend and said, “Let’s have some fun” — which police say meant finding a woman to rape.
Hopping into a luxury car, the two soon spotted their victim — a young software engineer leaving a shopping mall. They lured her into the car by making it appear to be a taxi, police said, took her to a remote spot and raped her with such ferocity that she bled for hours.
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43rd Victory Day: President, PM pay homage to war heroes
President Abdul Hamid and Prime Minister Sheikh Hasina paid rich tributes to the martyrs of Liberation War by placing wreaths at the National Memorial here this morning marking the 43rd Victory Day.
The President and the Prime Minister placed wreaths at the altar of the National Mausoleum at a time at 6.40 am.
After placing the wreaths, the President and the Prime Minister stood in solemn silence for some time as a mark of respect to the memories of the martyrs of the Great War of Liberation o...
After placing the wreaths, the President and the Prime Minister stood in solemn silence for some time as a mark of respect to the memories of the martyrs of the Great War of Liberation o...
Learning and earning: A success in Bangladesh
The European Union Ambassador to Bangladesh William Hanna yesterday handed certificates to a group of the total 8000 apprentices across Bangladesh who recently completed skilled apprenticeships. Just three years ago, there were only 98 apprentices registered under the Bureau of Manpower, Employment and Training (BMET). Introducing apprenticeships and their up scaling has been a key initiative of the TVET Reform Project, supported by the International Labour Organisation (ILO) and funded by the European Union (EU).
Two programmes taking ap...
Two programmes taking ap...
