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Bangladesh

China proposes FTA with Bangladesh

China on Sunday proposed signing a Free Trade Agreement (FTA) with Bangladesh to boost trade ties between the two countries, minimising the trade gap against Bangladesh. The Chinese side came up with the proposal at bilateral talks between the two countries at the Foreign Ministry. china BDForeign Minister AH Mahmood Ali led the 19-member Bangladesh side while his Chinese counterpart Wang Yi the 13-member China team at the meeting that reviewed the entire gamut of bilateral relations. “China wants to start negotiation on FTA. We’ll explore the pro...

Bangladesh wants removal of Indian tariffs

Bangladesh Commerce Minister Tofail Ahmed Friday said the formation of the four-country BCIM (Bangladesh-China India Myanmar) Corridor and removal of tariff barriers from India will boost bilateral trade between the two countries. bd-indiaBangladesh is keen on the formation of the BCIM corridor which will help the economy of Bangladesh. “India and China are progressing fast and Bangladesh will remain friends to them. The BCIM Corridor will definitely help boost trade and networking among us and India,” Ahmed told IANS on the sidelines of 27th

WB to provide $ 500m to for riverbank improvement

The World Bank (WB) continues to show its confidence on Bangladesh government and provide another loan of USD 500 million to Bangladesh for riverbank improvement projects to prevent erosion and reduce the incidence and severity of flooding along selected sections of the Brahmaputra and Jamuna. The government earlier sought such assistance under the ongoing country assistance strategy (CAS) of the WB. In 2001, the WB provided USD 192 million for this purpose. wbSpeaking about the project, ERD sources said the project would improve access to socioeconomic se...

Attack on RMG leaders grows mass concern

A garment factory’s closed-circuit camera captured some unusual activity: Out front a female union leader was swarmed by people, pushed to the ground and assaulted while a male union activist was chased away and punched. Another female union leader entered the factory door and seconds later was pushed outside, and then shoved out of camera range. [caption id="attachment_1499" align="alignleft" width="300"]Bangladesh-rmg-worker A file photo showing female workers in a Dhaka Garments factory[/caption] Two investigations of ...

Doubling pay of civil servants recommended

The Eighth Pay and Service Commission recommended doubling the salary for civil servants on the average in its report submitted to the finance minister today. Minimum basic wage Tk 8,200, maximum basic pay Tk 80,000 Government’s total expenditure may increase by up to 63% if implemented Suggestion to lower budget for expense in payment of civil servants Number of grades lowered to 16 from the existing 20 BCS cadres to get the highest of raise Proposal to lower forced retirement ceiling to 20 years of service Commission Chairman Mohammad Farashuddin, a former Bangladesh Bank governor, handed the report to Minister AMA Muhith at his office at 9:00am.

Political situation hurting economy, governance

The prevailing ‘unusual’ political situation is hurting country’s economy and affecting the quality of governance, politicians, economists and experts said Saturday. They called upon the major political parties to engage in an immediate dialogue for, what they said, restoring democracy for the sake of clearing the way for economic growth. Their observations came at the launch of a research report styled ‘The State of Governance in Bangladesh 2013: Democracy and Party Politics’ at the Brac Centre Inn in the capital. politics BDThe BRAC Instit...
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