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If violence goes on, orders may shift to other destinations

If current spell of violence goes on in RMG sector, orders from international buyers may shift to alternative destinations and thus the country may also lose foreign direct investment (FDI), said  Dhaka Chamber of Commerce and Industry (DCCI). DCCI in a statement on Wednesday said, if this kind of violence is not stopped right now, it will affect the whole industry which will cause a serious damage to the country’s economy. DCCI  expressed its deep concern over the labour unrest and violence in the RMG sector that has been “taking a heavy toll” on the export earning apparel industry. DCCI-logo DCCI said recently the garment...

BB launches first journal

Bangladesh Bank (BB) published its first journal namely "Thoughts of Banking and Finance", on Tuesday. Governor Dr Atiur Rahman launched the journal at a programme at the Bangladesh Bank Training Academy (BBTA) in the city. Addressing the luncheon programme, he said there is no alternative to the research to expedite development process, and local research process should be strengthened to maintain the pace of development. bbReferring to the different steps of the central bank including low rate lending to the agriculture sector, the governor said research should ...

Hearing on Bangladesh political situation at US Congress today

A sub-committee of the House of Representatives of the US Congress is going to organise a hearing on Bangladesh political situation in Washington on Wednesday. The Sub Committee on Asia and the Pacific will arrange the hearing, titled ‘Bangladesh in Turmoil: A Nation on the Brink?” to be held at Rayburn House Office Building, according to a web release of the office of House Committee on Foreign Affairs’ Chairman Ed Royce. Ali Riaz, Professor and Chair, Department of Politics and Government, IllinoisStateUniversity and a public policy scholar at the Woodrow Wilson Centre, Maj Gen (retd) ANM Muniruzzaman, President of Bangladesh Institute of Peace and Security Studies and John Sifton, Asia Advocacy Director, Human Rights Watch will participate in the hearing as witnesses.

Labour unrest nothing but a conspiracy to destroy RMG sector

The leaders of Bangladesh Garments Manufacturers and Exporters Association (BGMEA) said, the recent labour unrest in Readymade Garment (RMG) sector is nothing but a conspiracy to destroy the country’s leading export sector. They appealed to the government to take all out measures for saving the Readymade Garment (RMG) factories from unruly workers, as it is the property of state. In a meeting with the high up officials of the home ministry on Tuesday, BGMEA leaders along with the leaders of Bangladesh Knitwear Manufacturer and Exporters Association (BKMEA) said, they were helpless to run the factories. Md Atiqul Islam, President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), led the delegation.

Govt to reopen worker migration to Maldives

The government will lift the ban on worker migration to the Maldives after a government delegation was sent to investigate allegations of fraudulent recruitment, forced labour and migrant unemployment. In September Minivan News reported that the Bangladesh’s Bureau of Manpower, Employment and Training (BMET) had prohibited immigration over concerns that labourers were being lured to the Maldives with the promise of jobs, only to find themselves unemployed and unable to return to their home country. Flag-Pins-Bangladesh-Maldives

‘Dialogue needs to be happened’

  Visiting US Assistant Secretary for South and Central Asian Affairs Nisha Desai Biswal said, we do believe that there’s a way forward, we believe that dialogue needs to be happened. She encouraged a secretary-level dialogue between the country’s two major political parties for finding a way forward for holing a ‘peaceful, free, fair and credible’. US_Biswal“The announcement of an interim cabinet simply underscores the urgency for a dialogue to take place immediately to determine a way forward for peaceful, free, fair and credible election ...
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