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Poultry Industry demands loan rescheduling, interest exemption

The poultry industry of the country has demanded the rescheduling of bank loans, exemption of bank interest and financial incentives to recover losses due to ongoing hartal and blocked. The leaders of the poultry industry said, the sector has suffered a loss of more than Tk 4,000 crore in the last three months due to political instability. poultryThis was disclosed at a press conference on Wednesday organized by Bangladesh Poultry Industries Coordination Committee (BPICC), a body of six major poultry associations, at National Press Club in th...

UN emissary urges both parties to continue dialogue

UN Assistant Secretary General Oscar Fernández Taranco urged both the ruling and opposition camps in Bangladesh to continue the dialogue in the spirit of goodwill and compromise. “Bangladesh leaders must continue to come together. I encourage both sides to continue the dialogue in the spirit of goodwill and compromise,” he said. tarancoThe UN envoy for Political Affairs made the call while addressing a crowded press conference before wrapping up his six-day hectic tour of Bangladesh on Wednesday to help its bickering political parties reach a...

Long-term unemployment: New challenge for many countries

Unemployment spells for workers are becoming longer in some countries compared to the pre-crisis situation in 2008, according to the new edition of the ILO Key Indicators of the Labour Market (KILM). “Headlines on a recent decline in unemployment rates hide the bitter reality that many jobless workers are finding it increasingly difficult to get into a new job within a reasonable period of time of 6 months or less,” says Ekkehard Ernst, chief of the ILO Employment Trends Unit. Chances of a job seeker finding a job within a year For example, in Spain, the United Kingdom, the United States, Serbia and Bulgaria, long-term unemployment has increased by 40 per cent or more in comparison to 2008.

Amendment 15 borne to satisfy the wish of Sheikh Hasina, says AHRC

Human dignity denied in Bangladesh

The Amendment 15 to the constitution of Bangladesh is critical. This amendment was borne to satisfy the wish of the incumbent Prime Minister, says Asian Human Rights Commission (AHRC). Gross abuse of human rights in Bangladesh are mostly related to quest for, and maintenance of, power, which guarantees the ruling segment 'licence' to corruption and impunity, AHRC says. AHRC in its report on the state of Human Rights in Bangladesh, 2013 says, Prime Minister Sheikh Hasina used her official relief fund to bribe a Chief Justice and fulfil her desire of perpetuating power in this way. In a country where basic institutions related to the rule of law are a facade, such actions shouldn't surprise, the report added. ...

Santos quits India due to maritime dispute with Bangladesh

Close on the heels of mining giant BHP Billiton deciding to quit India, Australia’s Santos wants to exit its two oil and gas exploration block in Bay of Bengal due to delays in getting approvals to start work. Santos, Australia’s third-largest oil and gas producer, was in February 2007 awarded two blocks south-east of Kolkata, has written to the government saying it has not been able to carry out exploration in the area because of defence restrictions and maritime boundary dispute with Bangladesh. It offered to surrender the blocks NEC-DWN-2004/1 and NEC- DWN-2004/2 on which it has already spent $60 million, reports Business Standard. Santos had won the blocks, that lie close to Bangladesh border, in the 6th round of New Exploration Licensing Policy.

IBFB suggests adequate measures to safeguard economy

The International Business Forum of Bangladesh (IBFB) and its President Hafizur Rahman urged Bangladesh Bank to take adequate financial measures to safeguard economy and business of the country during the ongoing volatile political situation. In a recent proposal sent to the Governor of Bangladesh Bank, IBFB strongly suggested some special financial measures such as extending the deadline for CIB Reporting, rescheduling bank loans, reducing lending rate up to 10 per cent or below, bringing down the interest rate spread below 4.0 per cent etc. IBFB, as mentioned in the proposal, strongly believes that in a growing democratic country like Bangladesh peaceful and business friendly environment is a sine qua non for ensuring the development wheel rolling on through which trades and busine...
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