Browse Category

Economy

‘Floating Farms’ overcome monsoon rains

During the monsoon rains in northwest Bangladesh, swollen rivers can flood villages for months at a time. For the rural poor who rely on agriculture, there is no way to make money. But now some people are building small floating farms, where they grow vegetables and raise animals, right on top of the floodwaters. floating firmsDozens of ducks quack as Hafiza Khatun gathers eggs in an unusual coop that floats on water. It sits on top of a bamboo platform and empty oil drums and is moored to a riverbank near the village of Charbh...

RTGS system by Sept 2015

The Bangladesh Bank (BB) signed a deal with Sweden-based CMA Small Systems AB Thursday to introduce a Real Time Gross Settlement (RTGS) system by the end of September 2015. "We're going to improve the high-value time critical payments in the country introducing the RTGS system," said BB Governor Atiur Rahman. bbDr. Rahman was addressing the signing ceremony as the chief guest at the central bank headquarters in the capital Dhaka. The central bank chief said the system will accommodate local currency transactions, government security transactions and domestic fo...

A bleak ode to garment industry

Thomas Hood’s 1843 poem Song of the Shirt is the title of ‘labour chronicler’ Jeremy Seabrook’s latest book. Hood’s poem, a scathing indictment of industrial Britain, was written in memory of Mrs. Biddell, a widowed seamstress caught in a debt trap, compelled to pawn the clothes she made in order to feed her malnourished child. Seabrook picks the weft thread of Hood’s poem and weaves a grim, unforgiving human tapestry of Bangladesh’s garment industry. His book is a bleak anthem to a country on the throes of an inhuman globalisation process, its poor subjected to never-ending penitential labour.

Bangladesh Agribusiness Report Q1 2015

New Food market report by Business Monitor International holds a cautious outlook towards the Bangladesh agriculture sector. The latest finding of high levels of toxic substances in poultry feed bring s much cause for concern as it reflects on the low food safety standards employed by the country, even in its largest agriculture sector. pariza rice panicleIndeed, structural problems still plague the industry. In the medium term, for example, the frequent occurrences of strikes, or hartals and road blockages will keep our o...

16pc duty on garments entering US market

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Wednesday said Bangladeshi garment products enter the US market by paying around 16 percent duty. bgmeaThe apex trade body of the country’s apparel sector came up with the data a day after US Ambassador in Dhaka Dan W Mozena claimed that Bangladesh pays zero tariff. It, however, said Bangladesh’s apparel exports enjoy duty-free access to the European Union, Canada, Japan and Australian markets. According to BGMEA data, Bangladesh exported apparels worth US$ 4996.58 million to the US ...

China, Bangladesh to work for regional infrastructure development

Chinese President Xi Jinping said Bangladesh is welcome to join the Asian Infrastructure Investment Bank (AIIB) as a founding member, and the two countries must enhance cooperation in trade, agriculture, infrastructure development and maritime industry. Xi made the remarks Saturday morning during his meeting with visiting Bangladesh President Abdul Hamid, who is in Beijing for a dialogue on strengthening connectivity partnership. [caption id="attachment_10446" align="alignleft" width="300"]Hamid China Chinese President Xi Jinping (R) meets wit...
Verified by MonsterInsights