A meeting was held between Colin Browne, CEO of Cascale (formerly the Sustainable Apparel Coalition), and leaders of the BGMEA to foster sustainability in the industry, it is crucial to establish unified codes of conduct and standardized protocols for factory audits.
The objective was to collaborate on harmonizing protocols for developing and auditing unified codes of conduct within the apparel sector. Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Cascale have discussed collaboration to make garment industry sustainable.
Different codes...
The International Monetary Fund (IMF) has projected the Gross Domestic Product (GDP) growth for Bangladesh at 6.6 percent for the upcoming fiscal 2024-25.
The projection of the global lender nears the Bangladesh government's projection for the next fiscal, the national news agency Bangladesh Sangbad Sangstha (BSS) reported Wednesday.
The government is attaining a GDP growth target of 6.75 percent in the next fiscal year.
Chris Papageorgiou, IMF mission chief for Bangladesh, said Bangladesh's economy faces multiple challenges as external shocks and global uncertaintie...
The National Logistics Policy 2024 is a pivotal step for Bangladesh to enhance its position in the global market and spur economic development. It’s aligned with our ambition to become a ‘High-Income Country’ and evolve into ‘Smart Bangladesh’ by 2041. The policy aims to lower business costs, boost exports, and integrate into the Global Value Chain (GVC), which are essential for building a ‘Smart Bangladesh’. Principal Secretary to the Prime Minister, Mohammad Tofazzel Hossain Miah, highlighted these objectives at a seminar hosted by the Foreign Investors Chamber of Commerce and Industry (FICCI). The event, titled “National Logistics Policy 2024 of Bangladesh: From Policy Framework to Execution,” took place on Tuesday, 25th June 2024, at The Westin Dhaka.
The seminar brought together...
The government should remove discriminatory tax structure for the local companies to ensure level playing field for all domestic and foreign firms in the public procurement process, said speakers at seminar on 12 May, Sunday. They came up with the observations at the seminar titled “Public Procurement Act-Challenges and Opportunities’ organized by International Business Forum of Bangladesh at its conference room in city.
Speaking as chief guest, State Minister for Planning Md Shahiduzzaman Sarker said the current gove...
An International Monetary Fund (IMF) mission team led by Mr. Chris Papageorgiou visited Dhaka during April 24 – May 8, 2024 to discuss economic and financial policies in the context of the second review of the IMF’s Extended Credit Facility (ECF), Extended Fund Facility (EFF), and Resilience and Sustainability Facility (RSF).
At the end of the mission, Mr. Papageorgiou issued the following statement:
“The IMF team reached a staff-level agreement with the Bangladesh authorities on the policies needed to complete the second review under the ECF/EFF/RSF arrangements. The staff-level agreement is subject to approval by the Executive Board, which is expected in the coming weeks. Completion of the second review will make available SDR704.70 million (about US$932 million, equivalent of 6...
A day-long skill development training program for agricultural entrepreneurs hailing from 8 upazilas of Patuakhali district was held at Shishu Academy Auditorium (Patuakhali) on May 06, 2024. The training program was organized under the agricultural support scheme of United Commercial Bank (UCB) PLC, titled ‘Bhoroshar Notun Janala’.
ATM Tahmiduzzaman, Additional Managing Director and Company Secretary of United Commercial Bank (UCB) PLC, was present at the 
event as Chief Guest, along with Special Guest R...
