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Bangladesh

Reform in RMG sector faces political obstacles

Reform measures aimed at improving conditions in the troubled Bangladesh garment industry face new obstacles as political upheaval takes hold in advance of national elections. The announcement on Monday that the 10th parliamentary election would take place on Jan. 5 set off a series of disturbances on Tuesday, including a 71-hour strike and shutdown of road, rail and sea transportation, and the expectation of more delays in shipments and other disruptions for businesses. violance BDDiss...

Pol violance hampers export-import thru’ Dhaka-Chittagong highway

The Dhaka- Chittagong highway has turned into a mostly violated and risky route due to hartals and continuing demonstration which covers the country’s 80 per cent export and import. The business leaders of different organisations once again urged to the political leaders to keep free from all kind violence on Dhaka-Chittagong highway to sake supply chain undisturbed of the country. Voilance in Dhaka-Chittagong highwayBangladesh earned $28 billion from exporting the apparels sector, wher...

Dhaka signs TICFA with Washington

Dhaka has at last signed the much-hyped deal — Trade and Investment Cooperation Forum Agreement (TICFA) which will, the government thinks, help expand trade and investment between Bangladesh and the USA through enhanced cooperation. Acting Deputy United States Trade Representative (USTR) Wendy Cutler and Bangladesh Commerce Secretary Mahbub Ahmed signed TICFA on behalf of their respective sides in Washington on Monday. TICFA provides an important mechanism for the United States and Bangladesh to discuss bilateral trade and investment issues as well as a forum to pursue cooperative activities, according to the USTR. US-bd

HC issues rule on ‘No Vote’

Responding to a public interest litigation (PIL) writ petition, the High Court (HC) on Sunday issued rule asking the government and the Election Commission to explain why they should not be directed to bring amendment to the Representation of the People Order (RPO) to reintroduce the provision for ‘no’ vote. After a brief hearing on the PIL writ petition filed by two lawyers — Shahriar Majid and Rokanuddin M Faruq — an HC division bench comprising Justice Mirza Hossain Haider and Justice M Khurshid Alam issued the rule, which is returnable in two weeks. High Court

PM for raising share market awareness among investors

Prime Minister Sheikh Hasina asked the authorities concerned for taking more programmes to make small and new investors aware about relevant laws and rules of the share market to minimise their risks. “I would like to ask all concerned to take more awareness-raising programmes for the small and new investors in the capital market so that they can understand the risks,” she said. Hasina was addressing a function after laying the plaque of foundation stone of Bangladesh Securities and Exchange Commission (BSEC) at the Bangabandhu International Conference Center (BICC) on Sunday. sheikh-hasina_25

US expects next govt to reform labor laws for EPZs at int’l standard

Chairman of the US Senate Foreign Relations Committee, Senator Robert Menendez (D-NJ) said that the next government of Bangladesh should act quickly to reform the existing legal framework, including labor laws for Export Processing Zones, and bring it into conformity with international labor standards. Senator Robert Menendez issued a committee report on Friday in Washington on safeguarding and advancing gains in labor rights for Bangladesh’s garment workers. Us senatorThe government of Bangladesh and BGMEA should immediately develop and...
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