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Trade

US pushes for B’desh RMG workers’ safety and rights

The US will continue to engage with Bangladesh to strengthen the readymade garment (RMG) sector of Bangladesh by ensuring workers’ right and safety, according to American Ambassador Marcia Bernicat. “Together with you (BGMEA), the other international partners and the brands, I am confident we are building a better and more productive RMG sector and demonstrating to the world that business ... Read More »

Asia stocks up as China steadies, wary of Fed

Asian shares were mostly higher on Wednesday on hopes that Beijing could stem the rout in its markets without damage to the economy, though caution was the watchword ahead of a policy decision from the US Federal Reserve. The CSI300 index of the largest listed companies in Shanghai and Shenzhen gained 0.6 percent in choppy morning trade, while the Shanghai ... Read More »

Golam Fakhruddin Ahmed Chowdhury new Managing Director of BTCL

The Information and Communication Technology (ICT) Division’s Additional Secretary Golam Fakhruddin Ahmed Chowdhury has been appointed Managing Director of Bangladesh Telecommunications Company Limited (BTCL). Public administration ministry issued a circular to this effect on Tuesday.Previously, he served in the Office of Controller of Certifying Authorities as its chief. Read More »

Bangladesh Bank plans to disburse Tk 164 billion in agricultural credit, eyes 5.47% rise

The Bangladesh Bank aims to distribute Tk 164 billion as agriculture and rural credit in 2015-16 fiscal year (FY). Governor Atiur Rahman disclosed the plan on Monday while announcing the bank’s agriculture and rural credit policy.The target had been set on the basis of the private and specialised banks’ own targets, the net gross credit and advance of foreign banks, ... Read More »

Onion prices at near two-year highs on weak monsoon rains

The price of onions, a staple that has sparked protests in the past and toppled state governments, has jumped to its highest in nearly two years and could fuel food inflation as scant rain delays plantings.Persistently high food prices, mainly for onions used in everything from bhajis to biryanis, are politically sensitive in India as more than a quarter of ... Read More »

Obama’s Pacific trade deal trails behind China’s dev vision

By Nile Bowie Often touted as the centerpiece of the Obama administration’s re-engagement with Asia, a close vote in the US Senate has brought the Trans-Pacific Partnership (TPP) a major step closer to becoming law. Facing significant opposition within his own party, the US president has secured fast-track negotiating authority, limiting Congress’s constitutional authority to regulate the contents of the ... Read More »

PM wants int’l buyers to raise BD RMG prices

Prime Minister Sheikh Hasina on Wednesday asked foreign buyers to raise the prices of Bangladeshi garment products which will ultimately be spent on ensuring the further welfare of RMG workers. The Prime Minister made the request when Dutch Ambassador to Bangladesh Gerben de Jong paid a farewell call on her at her office. PM’s Press Secretary Ihsanul Karim briefed reporters ... Read More »

Cattle smuggling: Bangladesh’s dangerous road to fortune?

Rock Ronald Rozario and Stephan Uttom For Abdur Razzak cows conjured up images of fortune. He knew that acting on such thoughts would be dangerous and even cost him his life. Illiterate and impoverished, this Muslim villager found no other way out and so for the past 20 years he made a small fortune smuggling cows from nearby India into ... Read More »

Meat prices soar ahead of Eid

Traders in various Dhaka markets have hiked meat prices ahead of upcoming Eid-ul-Fitr, allege consumers.Bangladesh Meat Traders’ Association says chicken and mutton sellers have increased prices without good reason. Read More »

Quamrul questions newsreports that Brazil wheat were rotten

Minister for Food Advocate Quamrul Islam yesterday questioned the authenticity of newspaper reports regarding the imported wheat from Brazil describing it to be rotten. “Actually the Brazilian wheat does not look beautiful but their quality is good,” he observed while replying to a supplementary question from Independent lawmaker Pir Fazlur Rahman. Abdul Wadud Dara, chairman of Parliamentary Standing Committee on ... Read More »

Five MLM companies continue to cheat people using High Court stay order, Tofail says

Commerce Minister Tofail Ahmed has told Parliament a High Court stay order has allowed five multi-level marketing companies to continue cheating people out of their money although their licences are cancelled. “The ministry, we decided, review (their licence). These people went to court, a stay order was issued. As a result, people are falling victim to deceit,” he told Parliament ... Read More »

Quartet of crises threatens Europe’s core

Four great crises around Europe’s fringes threaten to engulf the European Union, potentially setting the ambitious post-war unification project back by decades.The EU’s unity, solidarity and international standing are at risk from Greece’s debt, Russia’s role in Ukraine, Britain’s attempt to change its relationship with the bloc, and Mediterranean migration. Read More »

Eid shopping spree begins

The Eid-ul-Fitr shopping spree is peaking by mid-Ramadan, but the crowds fail to satisfy the shopkeepers.On Friday, the weekly holiday, customers flooded New Market, Chandnichawk, Gausia Supermarket, Bashundhara City, Jamuna Future Park, and shopping malls at Gulshan, Banani, Dhanmondi, and other areas in capital city Dhaka. Read More »

Female police guarding posh shopping mall

Women police have been guarding renowned shopping malls and markets under Ramna Crime Division of Dhaka Metropolitan Police (DB) to ensure security of female shoppers from today (Monday). Sources at the DMP headquarters said female police has already started their duties at reputed shopping malls and markets under Ramna police station and New market police station, including Gauchchia market, Chandichak ... Read More »

RDP Finance disappears, thousands duped

Hundreds of depositors have filed two criminal cases in Patuakhali Sadar police station, alleging they have been duped of nearly TK 200 million by RDP Finance & Investments MCS Limited.This company has been approved by the Ministry of Cooperatives. Its executives seemed to have disappeared, the depositors allege. Read More »