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Bangladesh

Nation celebrating Bangla New Year

The first day of Bangla calendar Pahela Baishakh is being celebrated today across the country amid fanfare, festivity and gaiety across the country under tight security cover. True to their centuries’ old tradition, people from all walks of life started gathering at different popular and historic spots at dawn in the capital and elsewhere to hail the New Year 1421 with new hopes and aspirations for a better, peaceful year. Poyla Boishakh22The celebration of Pahela Bai...

Compensation fund far short of goal

Nearly a year after the collapse of a garment-factory complex in Bangladesh killed more than 1,100 workers, labor groups say global retailers still haven’t put up the funds needed to compensate the victims. A trust fund set up earlier this year by labor groups and clothing companies said it would raise $40 million to help survivors of the RanaPlaza disaster and the families of those who perished. So far, the fund has collected $15 million. [caption id="attachment_5725" align="alignleft" width="300"]bd fund

2013 most challenging year for Bangladesh: ICCB

The year 2013 has been one of the most challenging years for the country's economy in recent times. Failure to implement the Padma bridge project, collapse of a garment factory killing over 1,100 people, US suspension of GSP facilities, large scale financial scams, unprecedented political violence, etc have been very damaging to the country’s image. Press Photo 12-04-14According to the Executive Board Report, against all odds, Bangladesh has been able to attain a GDP growth of 6....

Bangladesh signs deal with IMO on ship-recycling

The International Maritime Organization (IMO) and the Bangladesh government have signed a landmark agreement to work together to improve safety and environmental standards in the country’s ship-recycling industry. A Memorandum of Understanding formalizing the cooperation between the two was signed by Mr Nicolaos Charalambous, Director, Technical Cooperation Division, IMO and Mr Md. Ashadul Islam, Additional Secretary, Economic Relations Division of the Ministry of Finance of the Government of Bangladesh, on 10 April 2014. IMO

Bangladesh faces less Islamic terrorism than India, Pakistan

Bangladesh has much less of an Islamic terrorism problem than India and Pakistan but it also has Islamic political parties and these are becoming more of a problem. While most Bangladeshis are hostile to Islamic terrorism, a growing number back the Islamic politicians. The reason can be summed up in one word; corruption. The two largest secular political parties are notoriously corrupt and have been for decades. The secular politicians talk about eliminating corruption but never do anything about it. The Islamic politicians are seen as (and generally are, for the most part) less corrupt.

Rice import increases significantly in 8 months

riceThe import of rice increased by 1,196.24 per cent in the first eight months of the current financial year 2013-14 compared with that of the same period in the FY13. According to the Bangladesh Bank data released on Tuesday, the settlement of letters of credit, or generally known as actual import, for rice stood at $171.58 million in July-February of the FY14 against $13.24 million during the same period of the FY13. A BB fact finding report said fall in rice prices on the global market was the key reason for the jump in the country’s rice impo...
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