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Japan withdraws US$25m aid from BTCL project for attempted corruption

A Bangladesh government probe committee found five top officials of Bangladesh Telecommunications Company Ltd (BTCL) guilty of attempted corruption, inefficiency and failure to establish a nationwide telecom backbone network in the last ten years. Meanwhile, Japan International Cooperation Agency (JICA) withdraws the US$25 million aid package that it had sanctioned for the project. The telecom division presented […]

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Japan’s US$1.20b development aid package to Bangladesh facing delay

Japan’s nearly US$1.2 billion soft loan for five development projects is facing delay despite Bangladesh government’s efforts for confirming the assistance, officials said Wednesday. The loans are arranged under the Tokyo-assured 36th development aid package. Gloomy business and political environment as well as increased dependence on a certain bilateral donor country are cited as major reasons […]

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Bangladesh Govt. to reclaim 2,000-acre KEPZ project land jeopardising $1.2b FDI

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The Bangladesh government’s plan to take back 2,000 acres of land out of nearly 2,500 acres from the Korean Export Processing Zone (KEPZ) would jeopardise an investment of $1.2 billion that South Korean companies are planning to pump into the economic zone. Experts said it would send a wrong message to foreign investors who see […]

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Bangladesh among worst places to work: Garment sector found to be key culprit

Bangladesh is one of the ‘worst’ places in the world to work, where workers’ rights are not guaranteed, according to a global survey. The International Trade Union Confederation (ITUC), in a survey launched on Wednesday, ranks Bangladesh, along with 27 other countries, on the fifth category-a sign of “no guarantee of rights”. It, however, referred […]

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Bangladesh Export earnings target falls short by 6.0 pc

Bangladesh’s overall export earnings recorded a marginal growth during the July-May period of current fiscal year 2014-15. The export receipts stood at $28.14 billion showing a 2.83 per cent growth during the period though it fell short of target by 6.01 per cent, according to Export Promotion Bureau (EPB) data released Monday. However, the single […]

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ILO presses Bangladesh for rules on labour law

The International Labour Organisation (ILO) has emphasised preparing rules for implementation of the Bangladesh Laobur Act in accordance with the international labour standards. Bangladesh Labour Act 2013 has been in force since 22nd July 2013 through official gazette notification of the government of Bangladesh but due to non-existence of the rules for implementation it is […]

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Korean Export Processing Zone at serious risk

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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 […]

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 […]