Iris Corporation Bhd, which had been recently contracted to issue machine readable passports (MRP) in Bangladesh, has posted a pretax loss of RM17.04 million for the year ended March 31, 2015 – down from a pretax profit of RM35.09 million last year.
Alongside the heavy decline in profit, its revenue fell to RM564.49 million from RM573.24 million previously.
According to its Bursa filings, the weak performance was due to the pre-operating costs in relation to its Bangladesh MRP outsourcing project – which faced challenges earlier thi...
A Sydney boy being deported because he has autism will have a seriously diminished quality of life in Bangladesh where his family will face discrimination, his father says.
The immigration department has ordered four-year-old Australian-born Fayyed Hoque and his family to leave the country because his autism has been deemed too burdensome for taxpayers.
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Fayyad with his father Mohammad and mother Tonima. (Facebook)[/caption]
Fayyad, along with his father Mohammad Hoque and...
At least 25 people have been killed in a stampede during a handout of free clothes in the northern Bangladeshi city of Mymensingh, police said.
The stampede erupted on Friday when hundreds of people tried to force their way into a factory compound through a small gate after massing outside the building before dawn, local police chiefs told the AFP news agency.
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Photo Courtesy: Prothom Alo[/caption]
“We have so far recovered 23 bodies. Most of the dead are p...
Historically, the path to wealth for nations has run through manufacturing. Manufacturing gives you a way to quickly move a lot of people from low-productivity farming to higher-productivity jobs without requiring that they pick up lots of new skills first. And the garment industry fits the bill admirably; it does not not require lots of expensive infrastructure or a skilled population that can supply and maintain fancy machines, and it does use lots of low-skilled labor. Once you get people through the factory gates, their higher productivity and earnings will support improvements in infrastructure, education and services, that can fuel further growth. Eventually, one hopes that your country will get too rich to support much garment manufacturing, because workers will be able to comman...
Nine people including three Bangladeshis were killed in a road accident in Riyadh of Saudi Arabia early today.
Nazmul Islam, director general of foreign ministry’s West Asia region, confirmed the death of three Bangladeshis to The Daily Star.
At least 17 others were injured in the incident, he said. “Three of the dead were Bangladeshis while the others were Indians.”
The victims were identified as Wahed Ali, hailing from of Jamalpur, Masud Mia, from Kishorganj and Alam Chand Mia from Tangail.
Seven of the injured were also Bangladeshis, Moh...
About 1,000 Bangladeshi technical interns are set to receive trainings in Japan under an apprenticeship and entrepreneurship training programme as a Memorandum of Understanding (MoU) between the two countries were signed on Wednesday.
Expatriates’ Welfare and Overseas Employment Minister Khandker Mosharraf Hossain and Executive Chairman of IM Japan Kyoei Yanagisawa signed the MoU at Probashi Kalyan Bhaban here on Wednesday.
Director General Bureau of Manpower, Employment and Training Begum Shamsun Nahar and senior executive director of the ...
