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Booming auto industry in Bangladesh

The vehicle marketplace Carmudi has examined the current and future state of the automotive industry in Bangladesh and other emerging markets. Carmudi’s report on “The Booming Automotive Industry in Emerging Markets” has provided a detailed look into the global state of automotive sales and how car purchasing behaviors have changed due to the drastic increase in internet and mobile penetration, rising GDP, and the emergence of a middle class. The findings in this report are the result of Carmudi’s quantitative surveys conducted online with both car buyers and car dealers, and in-depth interviews with industry influencers throughout Bangladesh.

Cops hunt three Malaysian kingpins for human trafficking

Three kingpins of an international human trafficking syndicate involved in smuggling Rohingya and Bangladeshi illegals are leading Malaysian businessmen, local media reports said today [caption id="attachment_17017" align="alignleft" width="300"]bdmen trafiicking Pictured, Bangladeshis await a court appearance after being rescued in Cox’s Bazar, a southern coastal district, south of Dhaka on May 22.[/caption] A special police team is on their trail, The Star un Malaysia reported. More than 70 suspected working for the syndicate ...

Almost 600 trafficking victims missing since 2013, says NGO

Almost 600 Bangladeshi citizens have been missing ever since they embarked on perilous sea voyages between October 31, 2013 and April 15 this year to illegally migrate to Malaysia, a non-governmental organisation (NGO) has said. rohingya-malayWhile submitting a list of these human trafficking victims to the National Human Rights Commission (NHRC) of Bangladesh, the Coordination of Action Research on Aids and Mobility (CARAM), a Malaysia-based NGO, expressed concern over the rising number of trafficking victims in the country, rep...

4-nation motor vehicles deal signed

Bangladesh, Bhutan, India and Nepal on Monday signed the motor vehicles agreement to enhance the regional connectivity by facilitating smooth cross-border movement of people, goods and vehicles. The process of cross-border movement of vehicles under the deal is set to begin in October. [caption id="attachment_17006" align="alignleft" width="300"]4 nation connectivity Bangladesh, Bhutan, India and Nepal signing the motor vehicles agreement. Photo Courtesy:Ministry of Road Transport and Bridges[/caption] Transport minister...

Revenue, investment major challenges: WB

Financing may be a major constraint for implementation of the proposed budget, in view of revenue earning scenario, the World Bank said on Monday. It observed that the government’s growth target may also be affected by investment shortage and persistent weakness in business regulation and service delivery. In its budget analysis, the lending agency stuck to its earlier projection of Bangladesh growth at 6.3 per cent for 2015-16 fiscal year, as against the budget target of 7 per cent. wbThe WB earlier estimated the GDP growth for 2014-15 fiscal at 5.6...

WTO rules in fixing transit fees for India

Bangladesh and India will fix the transit fees as per WTO rules in exchange for facilitating connectivity for India’s land-locked northeastern states, Finance Minister AMA Muhith has said. “During the visit of the Indian Prime Minister, the issue (transit fee) was discussed...the two countries will now finalise the arrangement over the fees in line with the WTO rules,” Muhith said yesterday. muhithSpeaking at a business conference here, he said the transit fees would include the infrastructure development costs as well for the sub-regional con...
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