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bangladesh

EU ambassador’s words of caution

The European Union (EU) is one of Bangladesh’s largest trade and development partners. In fact, 50 percent of the country’s exports go to the EU. And so there is all reason to take into cognizance EU ambassador Pierre Mayaudon’s concern about Bangladesh’s lack of preparation to become a GSP Plus member. There are differences among economists as to the definition of a mid-income country. According to the World Bank, there are two types of mid-income countries, that is, lower mid-income and higher mid-income. There is no such thing as a mid-income country. Yet the

Meghna Bank signs deal with Time Zone

Recently Meghna Bank Limited has signed an Agreement with Time Zone in its Head Office at Suvastu Imam Square, Gulshan, Dhaka. agreement-with-time-zoneMr. Mohammed Nurul Amin, Managing Director & CEO of the Meghna Bank is exchanging the MOU with his counterpart Mr. Ghulam Mostafa, Managing Director of Time Zone. By this agreement Meghna Bank Credit Card holders can avail 0% Insta-Pay EMI Facilities for 3, 6 & 12 months tenure.

Social enterprise impact across Bangladesh

The British Council launched two new survey reports titled ‘The State of Social Enterprise in Bangladesh’ and ‘Social Enterprise Policy Landscape in Bangladesh’ today at Hotel Ascott Palace Ltd. in the Baridhara region of the Capital. Produced by the British Council, the study on Bangladesh was led by Overseas Development Institute (www.odi.org) with support from BetterStories, UnLtd and Social Enterprises UK. The first report, ‘The State of Social Enterprise in Bangladesh’, attempts for the first time to understand the scale of social enterprise activity in Bangladesh as well as the sectors in which social enterprises are focused and the beneficiaries that they support. It helps to fill our knowledge gap by providing quantitative information about the operations,

BD elected chairman of Asia Pacific Superhighway

Bangladesh has been elected chairman of Asia-Pacific Information Superhighway Working Group for next one year. United Nations (UN) Economic and Social Commission for Asia and the Pacific (ESCAP) countries at a high-level forum meeting in Bangkok yesterday supported Bangladesh to lead the Information Highway, a press release said here today. State Minister for ICT Affairs Zunaid Ahmed Palak joined the forum titled “Interment of unescapOpportunity in the Asia Pacific” organised by UN-ESCAP and Internet Society at the Thai c...

Fatal factory fire in Bangladesh is déjà vu

The horror of worker deaths is overshadowing Eid celebrations in Bangladesh. Last weekend, a fierce fire ripped through a three-storey packaging factory and eventually caused the building to collapse. The death toll so far at Tampaco Foils Ltd is 33 workers, with dozens more injured. Before it was reduced to ruins, Tampaco counted Nestle in Bangladesh and British American Tobacco among its multinational clients. The Bangladesh government has announced compensation for the victims and ordered an investigation. Criminal complaints have reportedly been filed, including against the factory owner, who is a former member of parliament. But this latest disaster begs the question: how many more people need to die before Bangladesh finally tackles its unsafe factories?

Fire kills at least 24 in Tongi

At least 24 people have been killed in a huge fire that broke out at a packaging factory in Bangladesh. A further 70 people are reported to have been injured in the blaze at an industrial complex in Tongi, north of the capital Dhaka. Police said about 100 people were in the four-storey building at the time, including machine operators and guards. fire-logo-plain-jpgThe blast was caused by an explosion in the boiler room, at the start of the working day, officials say. Firefighters are strugglin...
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