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bangladesh

RMG exporters fear UK’s ban on air cargo

Apparel exporters are concerned over the United Kingdom’s ban on cargo flights from Dhaka and said it might have adverse effect on the country’s export. Siddiqur Rahman, president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA). rmgBangladesh exports apparel worth $3 billion to the UK annually, said Siddiqur Rahman, president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA). “We are worried as we will incur a huge loss due to the ban,” he added. The United Kingdom governm...

Ship-breaking workers need more safety measures

In late November, a 52,000-ton barge eased into this ramshackle port on the Bay of Bengal and came to rest on a wide, muddy beach. After nearly four decades crisscrossing the oceans for an American offshore engineering company, the DB-101 did not come to erect another oil rig or lay miles of undersea pipe. It came here to die. For scores of large commercial vessels that reach the end of their seagoing lives each year, the final port of call is Chittagong in southern Bangladesh, home to the world’s largest — and least regulated — ship-breaking industry.

Women changing exploitative garment industry

Tuesday marked International Women’s Day, and demonstrations of solidarity or activism were held around the world. In Bangladesh, garment workers demanded equal pay, an end to violence against women, and safe working conditions. Women make up 85% of garment workers in the country, often taking home the pitifully small minimum monthly wage of $68. That is a far cry from the $113 per month that the E.U. states is needed to cover a worker’s basic needs, and well below a real living wage. Exacerbating that dismal state of affairs is the fact that many garment workers put in 60-140 hours of overtime per week, but are often cheated of the overtime pay. Many are denied

Russian cargo plane crashes in Bangladesh

A Russian Antonov An-26 cargo plane carrying four people crashed Wednesday morning in southeastern Bangladesh, according to reports. The plane’s pilot has been killed, a co-pilot was critically injured and two others are missing. antonov-26According to China's Xinhua News Agency, the plane crashed into the Bay of Bengal, off the coast of Bangladesh's southeastern Cox's Bazar district. The deceased pilot's body was recovered from the Bay of Bengal and the second pilot, a Ukrainian national, was seriously injured, Tas...

IBBL hands over SME credit to Helena

Dr. Atiur Rahman, Governor of Bangladesh Bank, on behalf of Islami Bank Bangladesh Limited handing over a cheque of tk. 20 lakh to Ms Helena Akter, Propritor M/s. O. Fashion Cafe and SME woman entrepreneur of Islami Bank, in Women Entrepreneur Congregation and Goods SMEExhibition 2016 at Bangladesh Bank Training Academy, Dhaka on March 9, 2016. Nazneen Sultana, Deputy Governor, Nirmal Chandra Bhakta, Executive Director, Bangladesh Bank, Dr. Towfiq Ahmed Chowdhury, Director General, Bangladesh Institute of Bank Management, KM Jamsedu...

BIAC stresses on ADR in financial sector

Bangladesh International Arbitration centre (BIAC), country’s first and only ADR institution, visited Bangladesh Bank, the central bank of Bangladesh recently and explained the need and use of alternative dispute resolution (ADR) in the financial sector. In the discussion meeting, BIAC gave a small presentation on how effectively ADR worked worldwide and how it can assist banks in recovery of bad debt and its other contractual disputes. Following the need and the use of ADR in Bangladesh, three prominent business FinalChambe...
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