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Bangladesh

President, PM pays homage to war heroes

Marking the 45th Independence and National Day, president Abdul Hamid and prime minister Sheikh Hasina paid tributes to the martyrs of the liberation war by placing wreaths at the national memorial on Thursday morning. President Hamid placed a wreath first at the altar of the memorial followed by the prime minister around 6:00am. [caption id="attachment_14281" align="alignleft" width="300"]president, pm file photo[/caption] After placing the wreaths, the president and the prime minister stood in solemn silence for some time as ...

NBR orders Yunus to pay $1.5m in taxes

Bangladesh officials have summoned Nobel laureate Muhammad Yunus over US$1.51 million in allegedly unpaid taxes, an official said Tuesday, in what analysts saw as the latest politically motivated move against the micro-credit pioneer. dr. YunusThe National Board of Revenue (NBR) asked Yunus to resolve the “dispute through discussions” at its office on March 29 in the capital after the economist lodged a court appeal against the unpaid bill, reports AFP. “Professor Yunus is a very good and compliant taxpayer. But his total tax dues now stand at 117....

Remittance mostly used in consumption: ILO

Use of remittance in Bangladesh is still more in consumption than investment even after receiving billions of dollars from migrant workers for over three decades, according to a latest finding. The International Labour Organisation (ILO) in its study found out the causes of such unproductive state of the foreign exchanges the country’s overseas workers send home, thr Financial Express reports. ILOIt points out lack of policy and programmes, including absence of awareness-building campaigns and training for migrating workers and families dependent on ...

Potato price spirals give farmers respite from losses

Speculation of poor crops for unfavourable weather and resumption of exports have fuelled potato prices, raising farmers’ hopes of recouping the losses incurred for selling vegetables at throwaway prices early this year owing to political unrest. potato-ReutersFarmers now get up to Tk 10 (S$0.2) per kilogram for one of the popular varieties of potato, Diamant, up from Tk 8 for the same variety early this month, said Rahidul Islam, a vegetable stockist and wholesaler at Mahasthan Bazar, one of the main wholesale vegetable depots up...

Poor suffer most as unrest hits economy

For weeks, Bangladeshi farmer Dibakar Ghosh has been pouring his milk into the river, unable to get it to buyers because of a months-long transport blockade that has crippled the impoverished nation. As his losses mount, the 30-year-old can no longer afford to feed his cows and fears he may have to sell them for slaughter, destroying his business, reports AFP. child labour“My losses in the last two months add up to 60,000 taka (about $800),” Gosh told AFP from his village in the northwestern cattle-farming region. “There are 150...

Bangladesh labor leader arrested in USA

Kalpona Akter, one of the best-known labor leaders in Bangladesh, has visited 16 American college campuses over the past three weeks, urging students to press two major retailers – The Children’s Place and Benetton – to contribute millions of dollars to help the families of those who died in the Rana Plaza factory building collapse. [caption id="attachment_13905" align="alignleft" width="300"]Kalpona Akter Kalpona Akter was arrested in New Jersey. Photograph: Guardian[/caption] Akter, joined by Mahinur Begum, an 18-year-old survivo...
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