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RMG sourcing opts for free trade deal with India

When a well-known international sports brand approached Nagesh Sharma, who runs an apparel sourcing company from Gurgaon, with a huge order for tracksuit pants, Mr Sharma tried to source the product from India. He found only one apparel factory could match the buyer’s specifications. The primary problem, Mr Sharma says, is that India’s garment factories are too small; they typically have 150 people and about 80 machines. The average factory in Bangladesh has 600 people. Mr Sharma eventually sourced the order rmgfrom a Taiwan...

March on March 10 against coal plant near Sundarbans

Thousands of Bangladeshis will march from the country’s capital, Dhaka, to the world’s biggest mangrove forest next week in protest at plans to build two coal-power plants on the edge of the World Heritage-listed forest. The organisers of the so-called long march on 10 March hope to persuade the Bangladeshi government to drop its backing for construction of the plants near the Sundarbans, an area of rice paddies, shrimp farms and vast mangrove forests. “No sensible person will deny that there are many alternative ways for electricity generation,” 2746

Forex reserves hit record $ 28bn

Bangladesh's foreign exchange reserves hit a record $28.06 billion at the end of February, the central bank said on Tuesday, fuelled by steady exports and lower import costs due to falling global commodities prices. forexx The reserves, sufficient to cover seven months' worth of imports, are nearly 22 percent higher than during the same period last year. Rising garment exports and steady remittances from Bangladesh nationals working overseas, two mainstay revenue generators for the country of 160 million people, have helpe...

Mobile money, mobile Internet to women globally

The GSMA recently announced the launch of the Connected Women Commitment Initiative, aimed at reducing the mobile gender gap. Initial commitments by GSMA operator members, with over 75 million mobile internet and mobile money customers, will aim to connect millions more women in low and middle‐income countries by 2020. These operators will seek to increase the proportion of their female customers to support the United Nations Sustainable Development Goal to achieve gender equality and empower all women and girls. This builds on the 15 million women already benefiting from female‐focused services offered by the GSMA’s Connected Women operator partners.

PM inaugurates development activities of 10 economic zones

Prime Minister Sheikh Hasina Sunday inaugurated the development activities of 10 more economic zones in the country. Through a video conference from a function in Dhaka’s Bangabandhu International Conference Centre (BICC) also known as Bangladesh China Friendship Conference Center, Hasina inaugurated the development activities at the economic zones, reports Xinhua. They are Mirersarai Economic Zone, Sabrang Tourism Park, Srihatta Economic Zone, Mongla Hasina1Economic Zone, AK Khan Economic Zone, Abdul Monem Economic Zone,...

No attempt to bring back women from Syria

While millions are fleeing war-torn Syria, many Bangladeshi women are being trafficked to the country and forced to work as domestic maids. The women, who are duped into travelling to Syria, often have no idea that they are being sent to a war zone. “Sister, please take me back home from this hell. They [the employers] are not good people. They say they have bought me and won’t let me go back to Bangladesh,” said a woman, who was promised a job in a Lebanese hospital but found herself forced into domestic service in the Syrian capital Damascus. “There is war everywhere. They don’t give me food properly and I spend sleepless nights
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