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Social Impact Bonds for factories in Bangladesh

The two main initiatives established in response to the 2013 Rana Plaza disaster in Bangladesh, where nearly 1,200 garment workers lost their lives from a factory collapse, are wrestling with a critical question: Who should pay for the work needed to ensure basic factory safety standards in Bangladesh? ranaplazaIt turns out that the global economy has enough financial assets, yet funds don’t always flow in the areas where they are needed. The global debt market is around $78 trillion and growing. Every week, an average of $100 billion in inv...

Remittance mostly used in consumption: ILO

Use of remittance in Bangladesh is still more in consumption than investment even after receiving billions of dollars from migrant workers for over three decades, according to a latest finding. The International Labour Organisation (ILO) in its study found out the causes of such unproductive state of the foreign exchanges the country’s overseas workers send home, thr Financial Express reports. ILOIt points out lack of policy and programmes, including absence of awareness-building campaigns and training for migrating workers and families dependent on ...

SDGs could be a game-changer for water

Suppose money was being deposited and withdrawn from your bank account, but you didn’t know how much. And suppose you knew you had bills coming due, but you didn’t know when or what amount would be required to cover them. Worse, what if you discovered that money was being siphoned from your retirement account to cover the shortfall in your checking account? How confident would you feel about your financial stability? People collect water at a refugee camp for Muslims displaced by violence earlier this year outside Sittwe

GoogleTranslate to get 400,000 new Bangla words

The Bangladesh government will add 400,000 new Bangla/Bengali words to Google Translate on its Independence Day on March 26 in a bid to enrich the language on the Internet, media reported on Friday. “To put Bangla on top of everything, we’re going to create history on the Independence Day,” said State Minister for Information and googleCommunication Technology (ICT) Zunaid Ahmed Palak, according to a bdnews24.com report. “We’ll take Bangla on top by adding 400,000 words to Google Translate on March 26 with participation from everyone from home...

Migrant workers hurry home for MRPs

Fearing he would lose his job in Malaysia, Mohiuddind flew to Dhaka just to get a Machine Readable Passport (MRP). Mohiuddin, a plastic factory worker in the Kelantan province of Malaysia and blamed the mismanagement of new passports solely on the Bangladesh Government. He said that there are about seven lakh Bangladeshi migrant workers residing in m workersMalaysia all of whom are in need of MRPs. His job was threatened when the management told him that he must have an MRP for the extension of his work permit. Mohiuddin along with a few ...

Protests in Bangladesh over ‘biased’ umpiring

Hundreds of Bangladesh cricket supporters Thursday burnt an effigy of Pakistani cricket umpire Aleem Dar and marched in the capital Dhaka after the country was knocked out of the World Cup. They chanted “Shame, Shame. No to ICC conspiracy,” as they shouted slogans against the umpires and the International Cricket cricket BDCouncil after Bangladesh’s best ever World Cup came to an end following a 109-run defeat against India. Opener Rohit Sharma top-scored with 137 off 126 balls and Suresh Raina hit a rapid-fire 65 from 57 balls as Indi...
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