Advantage in RMG cannot be taken for granted: WB
The advantage enjoyed by Bangladesh in readymade garment (RMG) sector cannot be taken for granted, and the country’s competitiveness in the apparel export market may erode in the long run if working conditions do not improve, says the World Bank (WB) in its Bangladesh Development Update October 2014.
In the immediate future, stronger attention is needed to swiftly complete the transition in the Bangladesh garment industry, feel authors of the report. According to them, “much more needs to be done for effective implementation of wage increases and the new labor legislations, recruiting more factory inspectors and complete building inspections followed by swift remediation measures such as relocation of closed factories.”
Pakistan, Bangladesh to attend China’s summit
China has called a meeting to strengthen connectivity between Pakistan, Bangladesh and six other neighbouring countries ahead of the APEC summit here.
The “Dialogue on Strengthening Connectivity Partnership” would be attended by Pakistan, Bangladesh, Laos, Myanmar, Myanmar, Mongolia, Tajikistan and Cambodia, scheduled to be held here on November 8.
President Xi Jinping will attend and host the meeting, Chinese Foreign Ministry spokesperson Hua Chunying has said.
The meeting would be attended by Prime Minister of Pakistan Na...
The “Dialogue on Strengthening Connectivity Partnership” would be attended by Pakistan, Bangladesh, Laos, Myanmar, Myanmar, Mongolia, Tajikistan and Cambodia, scheduled to be held here on November 8.
President Xi Jinping will attend and host the meeting, Chinese Foreign Ministry spokesperson Hua Chunying has said.
The meeting would be attended by Prime Minister of Pakistan Na...
IDB approves $ 60m for Bibiyana power plant project
The Board of Executive Directors of the Islamic Development Bank (IDB) has approved an amount of $60 million for Bibiyana Base-Load Combined Cycle Independent Power Plant Project in Bangladesh.
The IDB Board at the end of its 300th meeting (which started on 19 October) at its headquarters in Jeddah, Saudi Arabia and under the Chairmanship of IDB President, Dr Ahmad Mohamed Ali, approved $814.2 million for development financing.
The new financings were mostly allocated for sectors such as air transport, power, water, roads and human...
The new financings were mostly allocated for sectors such as air transport, power, water, roads and human...
Bangladesh economy progressing, but below potential
Bangladesh continues to make progress on human development and reducing extreme poverty. Political uncertainty and weak competitiveness are dragging acceleration of private investment and growth. To sustain growth in the near- and medium-term, private investment need to increase significantly along with improving the quality of public investment.
The Bangladesh Development Update October 2014 notes that the economy is gradually recovering from prolonged disruptions, aided by political and macroeconomic stability. The challenge now is to consolidate this ...
The Bangladesh Development Update October 2014 notes that the economy is gradually recovering from prolonged disruptions, aided by political and macroeconomic stability. The challenge now is to consolidate this ...
Inspections are not enough to fix garment factories in Bangladesh
Bangladeshi local garment workers at a factory in Dhaka. Bangladeshi local garment workers at a factory in Dhaka. The total number of factories producing for the export market from Bangladesh is still not known. Photograph: Shafiqul Alam/ Shafiqul Alam/Demotix/Corbis
In his blog last week, Alan Roberts, executive director international operations at the Accord on Fire and Building Safety, outlined the progress made by the Accord so far.
More than 175 primarily European brands and retailers join...
In his blog last week, Alan Roberts, executive director international operations at the Accord on Fire and Building Safety, outlined the progress made by the Accord so far.
More than 175 primarily European brands and retailers join...
Domestic trade: Demand on the rise, says WB
Retail trade in the domestic market of Bangladesh was upto $12 billion during the two Eid festivals this year, the World Bank said today underlining that the internal demand of the country is on the rise.
The observation came up during the release of a report on Bangladesh development update this morning at a press conference organised at the World Bank’s Dhaka office.
“The GDP growth in the running 2014-15 fiscal is 6.2%, which was 6.1% in the last fiscal,” said Zahid Hussain, lead economist in the World Bank’s South Asia Finance and Poverty group.
