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Bangladesh considers export of arms, ammunitions

Though “everything but arms” has defined Bangladesh’s core export policy for the past 30 years, the Bangladesh Ordnance Factories (BOF) now hopes to change that. [caption id="attachment_6904" align="alignleft" width="300"]arms A police officer mans an armoured car gun-mount in Dhaka in March 2013. Bangladesh is now taking steps toward exporting arms for the first time in 30 years. [Munir uz Zaman/AFP][/caption]The state-owned weapons manufacturer, part of the Ministry of Defence, seeks governmental clearance to sell its line of munitions abroad. If granted, Ban...

Rice imports to nearly triple to record 400,000t in 2014: FAO

The UN's Food and Agriculture Organization (FAO) has estimated 2014 Bangladesh's rice imports to nearly triple to about 400,000 tons due to lower prices in international market. The FAO reports that most of the imports are by the private sector. pariza rice panicleThe FAO estimates 2014 aggregate paddy rice production from the three seasons - Aus, Aman and Boro - at 52 million tons (around 34.84 million tons basis milled), slightly above an estimated 2013 paddy rice production of 51.5 million tons (around 34.5 million tons...

Central bank for action against BASIC Bank Board  

The central bank has advised the government to take action against the board of directors of state-run BASIC Bank, as the governing body was found guilty of committing large-scale irregularities in approving loans, and in recruitment and promotion. Bangladesh Bank Governor Atiur Rahman yesterday sent a letter to Finance Minister AMA Muhith to initiate steps against the board after all efforts to discipline the once good-performing bank went in vain. Talking to reporters at the secretariat, the minister said he was yet to see the letter but the BB governor had told him about it. In reply to a query, Muhith said the board of BASIC Bank would be restructured soon, reports the Daily Star.

Govt fails to make safety inspections reports public, says HRW

The government and retailers have largely failed to make public the findings of factory safety inspections ordered after the April 2013 Rana Plaza catastrophe that killed and injured several thousand workers, said Human Rights Watch. Reports should be published in Bangla as well as English so that they are accessible to workers. More than 1,100 workers died after they were persuaded, and in some caseRMG Rana Plazas forced, by their employers to return to Rana Plaza a day after they evacuated because large cracks appeared in the building's walls. As a result of the tragedy, the Bangladesh government and western ret...

EPZs to reserve plots for Japanese investors    

Bangladesh offered 40 industrial plots in export processing zones exclusively to Japanese entrepreneurs as they have been showing interest for a long time now. Bangladesh Export Processing Zones Authority (Bepza) and Japan External Trade Organisation (Jetro) signed an agreement to this effect in Tokyo yesterday in presence of Prime Minister Sheikh Hasina. Under the deal, Bepza will reserve industrial plots at the Ishwardi, Mongla and Uttara EPZs for the Japanese investors, reports the Daily Star. [caption id="attachment_6853" align="alignleft" width="300"]epzjapaninve... </div><!-- .entry-content --> </article><!-- #post-## --> <div class=

India seeks Bangladesh’s coop for mutual interest

Prime Minister Narendra Modi in his meeting with Bangladesh Speaker Dr. Shirin Sharmin Chaudhary sought further cooperation from Bangladesh in areas of mutual interest, and hoped that the country continues to be an important partner leading to the development of both nations. “The Prime Minister noted that we have shared stakes in each other’s bd-indiaprosperity and Bangladesh was India’s largest trading partner in SAARC. He also appreciated the cooperation extended by Bangladesh to India in all areas of mutual cooperation including security, ...
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