Haystack

NY private equity firm to invest $200m in RMG in Bangladesh

TAU Investment Management LLC, a New York-based growth-equity venture investment firm is currently in the process of raising a US$1.0 billion for modernisation of the garment and textiles industries in Bangladesh, Indonesia, Cambodia, Vietnam China and, to lesser extend, in Turkey. The fund is backed by the Soros family, Yahoo co-founder Jerry Yang and the Global […]

13946602774_64a2b72056_z

Bangladesh Govt. draft policy for RMG sub-contracting

The government of Bangladesh has drafted a new policy to bar non-compliant sub-contracting readymade garment (RMG) factories from doing business with exporters, official sources said. The government, after consulting local and international stakeholders, is framing the new ‘sub-contracting policy 2013’ with a view to ensuring a positive working environment in the sub-contracting business. The policy […]

Yawning gap between pledges and delivery to Rana Plaza victims

Many Rana Plaza victims are yet to receive the promised compensation from the government and retailers, nine months after the Bangladesh’s worst industrial disaster on 24th April 2013. To date, families of 777 of the 1,135 dead workers have received from EUR 1,000 to 5,000 thousands Euro each from the Prime Minister’s Fund, while the […]

Recent News

Categories:

Bangladesh Project goes on violating JICA agreement terms

The Japan International Cooperation Agency (JICA) has expressed dissatisfaction over the central bank’s alleged violation of agreement on projects being financed by the Japanese lender. Officials said Bangladesh Bank (BB) has allegedly changed the implementation authority and directors of two projects without having consultation with the lender in accordance with the provisions of the agreement. […]

Read More Comments Off on Bangladesh Project goes on violating JICA agreement terms

FDI into Bangladesh declines as methodology revised to IMF standards

Net inflow of Foreign Direct Investment (FDI) into Bangladesh appears much lower than it was estimated earlier as the central bank revised the data matching an updated matrix of the IMF. The FDI netting in the last fiscal year, 2015-16 (FY16), was estimated at US$2 billion, which has been now revised downwards at $1.29 billion after the Bangladesh […]

Read More Comments Off on FDI into Bangladesh declines as methodology revised to IMF standards

Local value addition of RMG reaches ‘optimal’ level

IMG_1795

Local value addition of the Bangladesh’s readymade garments (RMG) industry has reached its ‘optimal level’, according to the latest statistics published by the Central Bank of the country Bangladesh Bank. It’s quarterly review on RMG sector shows that local value addition of the industry was 73.12 per cent in fiscal year (FY) 2008-09, which rose to […]

Read More Comments Off on Local value addition of RMG reaches ‘optimal’ level

Japanese companies rate Bangladesh as top investment destination: JETRO Survey

jetro_survey15_bd_position

Competitive wages, low energy prices and cheap production cost as a result, rated Bangladesh the top investment destination for Japanese companies last year, according to a recent survey. The Japan External Trade Organisation (JETRO) conducted the survey on more than 20 countries in Asia and Oceania, which found Bangladesh as the most lucrative investment destination both in manufacturing […]

Read More 0 Comments

Korean Export Processing Zone at serious risk

korean-epz-01

Instead of handing over the Korean Export Processing Zone (KEPZ) to the investor, the government of Bangladesh plans to take back […]

Dhaka needs to remove its rocky anti-FDI atmosphere

Korean Ambassador to Bangladesh Lee Yun-young

Korean Ambassador to Bangladesh Mr. Lee Yun-young has said Bangladesh should come out from protectionism and open up its market […]

‘Welfare Associations’ to negotiate for rights at Bangladesh EPZ

The Government of Bangladesh today approved, in principle, draft of a labour law for Export Processing Zones (EPZ) with the provision […]

Return of GSP seems far off – a lot more must be done

Bangladesh’s progress in implementation of the National Tripartite Plan of Action on Fire Safety and Structural Integrity (the Action Plan) which provides a […]

Bangladesh halts shutdown of “unsafe” factories

The Bangladeshi government is refusing to shut down garment factories declared unsafe, following a row with independent inspectors over the […]