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Some 30,000 Germans protest against anti-Islam rallies

The square around the Cologne Cathedral was plunged into darkness Monday evening after the historical landmark in western Germany shut down its lights in a silent protest of weekly rallies in Dresden against the perceived “Islamization” of Europe. german muslimThe symbolic act came as thousands of Germans demonstrated in Cologne and several other cities against the ongoing protests by the group calling itself Patriotic Europeans against the Islamization of the West, or PEGIDA, which attracted its biggest crowd yet in Dresden on Mond...

Little avail from FTA with China: Experts

The proposed free-trade agreement (FTA) will benefit Beijing more than Dhaka as imports from the former are likely to increase further because of tariff waivers unless there are guarantee provisos with regard to striking a balance in the two-way trade. Conversely, Bangladesh exports to China are unlikely to increase because of stricter Rules of Origin (RoO) on the Chinese market that made it hard for Bangladeshi manufacturers to maximize their business share. china BD China provides duty-free market access for major products of Bangladesh under its G...

Banks to face penalty if fail to fulfil farm loan target

Bangladesh Bank on Monday said scheduled banks would have to deposit in the central bank three per cent fund of their undisbursed farm loans against their target amount for a certain financial year in a bid to speed up the BB’s agriculture loan disbursement programme. The BB issued a circular to managing directors and chief executive officers of all banks saying that the central bank would repay the three per cent fund to the respective banks if they distribute the undisbursed amount with their fresh targets for the next financial year. bbThe central bank will not...

Garment industry under strain from safety overhaul

Bangladesh was asked to help factories get up to speed by setting up a fund offering them low-cost loans, but the government says it is up to owners to find a way to meet safety standards after inspections Undaunted by a run of horrific factory accidents that have hit Bangladesh’s garments industry, two entrepreneurs bought Adorn Knitwear Ltd earlier this year. [caption id="attachment_11825" align="alignleft" width="300"]RMG Workers Female workers toil at a textile factory in Bangladesh as the industry there scrambles to upgrade its safety rec...

Korean co to market solar home systems

A Korean company has initiated to market its solar home systems (SHSs), having unique features and higher capacities, in Bangladesh, officials said. It started the move by donating three such SHSs, manufactured in Korea, in the remote areas here under the corporate social responsibility (CSR), they said. Zero Enterprise, owned by Korean nationals, has partnered with renowned Korean manufacturer of innovative and higher capacities of SHS— Taeho Co. Ltd— to market the product in Bangladesh, along with some other neighbouring countries. solar China

Taeyoung Engineering to build water treatment plant    

South Korean builder Taeyoung Engineering & Construction Co. said Monday it has clinched a 55.28 billion won (US$49.76 million) order to build a water treatment plant in Bangladesh. engergy Under the deal with Chittagong Water Supply and Sewerage Authority, a semi-autonomous municipal utility that provides water supply and sanitation services in Bangladesh, Taeyoung will construct a water treatment facility in the southeastern port region of Modunaghat in the South Asian country, the company said in a regulatory filing. The project, w...
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