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US regrets BD’s abstention from UNGA vote over Crimea

The United States has regretted Bangladesh’s abstention from joining the large majority regarding the resolution adopted by the United Nations General Assembly (UNGA) on Crimea issue. “I regret that Bangladesh was not able to join the majority on that important issue,” US Ambassador in Dhaka Dan Mozena told reporters at a meet-the-press event at American Club in the city. usa-flag Press and Information Office of the US Embassy Kelly McCarthy was also present, reports UNB. The diplomat said he saw the vote...

Beximco sets example for Bangladesh – CEO

Companies like Beximco have been able to set an example for Bangladesh as the largest vertically integrated textile and garment company with in-house analytical and creative abilities, says the CEO of Beximco. Mr Syed Naved Husain, CEO of Beximco was speaking at a workshop named “Fashionomics 2014 – The New Economics of Fashion” organized by Fibre2fashion in association with Infor and Brandix i3, on March 20, 2014 at Dhaka – Bangladesh. BeximcoMr Naved said, “Bangladesh will maintain its leadership position as p...

PM invited to join China-South Asia Expo

Prime Minister Sheikh Hasina was invited on Sunday to visit the China-South Asia Expo to be held in Kunming, capital of Southwest China's Yunnan province, in June this year. Li Jiheng, Yunnan Provincial Governor who is currently on a three-day visit to Bangladesh, handed over an official invitation letter to Hasina during a meeting in her office, her spokeswoman Mahbubul Hoque Shakil said. sheikh-hasina_25Hasina accepted the invitation, saying that she will try her best to be present at the exposition, reports Xinhua. She ...

Ministry proposes prepaid payment system for IGWs

The government plans to introduce a prepaid payment system for international gateways (IGW) as a number of such operators have failed to clear their bills in the last six months. The IGWs will have to deposit an estimated payable amount to the regulator in advance before bringing in international calls, according to a proposal of the telecom ministry, reports the Daily Star. btrcThe proposal was placed at a coordination meeting of the ministry last month, and was also discussed at a meeting of Banglad...

GDP may decline due to falling growth rate in agri, industry sectors

Continued falling rate of growth in agriculture and industry sectors could cause continuation of decline in GDP in the current fiscal year,  Unnayan Onneshan, an independent think-tank, says in its current issue of the Bangladesh Economic Update. Pointing out that the rate of growth in agriculture came down from 5.24 percent in fiscal 2009-10 to 5.13 percent, 3.11 percent and 2.17 percent in 2010-11, 2011-12 and 2012-13 respectively, the multidisciplinary research organisation anticipated that the rate might reach as low as 2.09 percent in fiscal 2013-14, if such trend persists, reports UNB. Unnayan-Onneshan

US retailers’ donation to Bangladesh fund ‘paltry’

Walmart has been criticised for offering a paltry amount to victims of the RanaPlaza factory collapse in Bangladesh after joining other US-owned retailers including Asda, Gap and The Children’s Place to donate $2.2m (£1.32m) to a compensation fund. Of 28 retailers linked to the building in Dhaka, where more than 1,100 people died and at least a further 1,000 were injured nearly a year ago, just 16 have been confirmed as donors to a formal compensation fund co-ordinated by the UN agency the International Labour Organisation (ILO). So far there is just $7m in the pot, well short of its $40m target.
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