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Bangladesh eyes fivefold increase in RMG exports to Canada

Bangladesh aims to raise its exports of readymade garments (RMG) to Canada at least fivefold to $3.5 billion by 2021, the chief of the Canada Bangladesh Chamber of Commerce and Industry (CanCham Bangladesh) said on Sunday. Bangladesh-rmg-workerMasud Rahman said total Bangladeshi exports to Canada stood at $1.1 billion in the fiscal year to June 2014, making it the fifth biggest market for the Asian country. Of that figure, RMG - Bangladesh’s main export - totalled $770 million. “The country aims to increase the val...

Govt, WB negotiate fresh aid package

Dhaka has agreed to join a fresh dialogue with the World Bank, on necessary reforms to receive aid under a ‘development policy credit’ package. The global agency, too, has expressed willingness to “do more to develop the country’s transport and energy infrastructures”. wbThe development came during a meeting between WB managing director and chief operating officer Sri Mulyani Indrawati and finance minister Abul Maal Abdul Muhith in Washington DC on Friday, according to a message in Dhaka on Sunday morning. They held talks on the sidelines of the ‘Spr...

Closure from 1971 Bangladesh war comes at a high cost

Last Saturday, Bangladesh executed a senior Islamist party leader, Mohammad Kamaruzzaman, for war crimes committed during the country’s 1971 war of independence from Pakistan. It was the second such hanging, with several more death sentences handed down by a domestic court set up to try local collaborators of the Pakistani army from that period. The judicial process has come under repeated international criticism for not being up to standard, while supporters of the largest Islamist political party, Jamaat-e-Islami, have violently protested against the verdicts. But the trials have wide popular support. As the BBC’s Bangladesh Correspondent, I covered the first execution and some of the first verdicts. [caption id="attachment_15166" align="alignleft" width="300"]

Biman new MD hopes to serve travelling needs

Mr. Kyle Haywood, the new CEO & Managing Director of Biman Bangladesh Airlines, sits with United World to discuss the company’s strategies for expansion, as well as the growth of the flag carrier, and advice to those looking to invest in Bangladesh. You have been here a little over 6 weeks now, and you really hit the ground running. Biman represents a challenge, as well as a tremendous opportunity, with the air transport sector experiencing kyle-haywoodaround 8% annual growth. Where do you see Biman fitting into the future of Bang...

GDP dispute between WB, Finance Minister

Bangladeshi officials are disputing a new World Bank forecast that Bangladesh’s economy may shrink by 1 percent this fiscal year thanks to an opposition-led economic blockade and strike, which largely shut the nation down for three months. Finance Minister Abul Maal Abdul Muhith dismissed the bank’s figures as wildly exaggerated. Muhith“I don’t give much importance to what they say,” Finance Minister Abul Maal Abdul Muhith said this week after World Bank economists published their latest “Bangladesh Development Update.” “The World Bank, ADB ...

Free speech under fire in Bangladesh

Restrictive laws have journalists concerned that Islamic extremists are not the only threat to press freedom

 Two writers were hacked to death with machetes on the streets of this capital city during a six-week period this year. They were targeted for openly criticizing Islam, the country’s main religion, in their work and in Facebook commentary. Avijit Roy, a dual citizen of Bangladesh and the United States, was murdered on the evening of Feb. 15, as he and his wife were leaving a book fair in the capital. On the morning of March 30, Washikur
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