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Back to Black Tiger as Profits Plunge

Whiteleg or Vannamei shrimp was introduced to India in 2009 in an almost wholesale shift from traditional Black Tiger shrimp farming, raising high hope for farmers and investors promising high yield, profitability and disease resilience. This enabled India to gain better market access in the USA ranking it as top exporter of shrimp in the […]

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Uttara Finance & Investments Ltd BDT 5,100cr scam: UTTARAFIN

1 crore =10 million & 1 EUR = BDT 102.67 Loan applications to financial institutions in Bangladesh require five layers of scrutiny before being approved, usually. The Uttara Finance and Investment Limited, a non-bank financial institution and publicly traded company in Bangladesh under the Dhaka Stock Exchange (DSE) trading code UTTARAFIN did not followed any of the […]

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Maternity Benefits in Bangladesh

Women, performing manual and physical (other than intellectual, administrative, supervisory or managerial) labour in Bangladesh are entitled to 16 weeks of Maternity Benefits. The terms and conditions of employment, including the Maternity Benefits, of the female staff at the intellectual, administrative, supervisory or managerial positions should be regulated in the employment contract. No paid maternity leave shall be […]

Recent News

Preparedness for the German Supply Chain Act

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On the 11th June 2021 German Parliament (Bundestag) passed a new law, the “Gesetz über die unternehmerischen “Sorgfaltspflichten zur Vermeidung von Menschenrechtsverletzungen in Lieferketten” (Supply Chain Act), which requires large companies to conduct due diligence activities through out entire supply chain, regardless where the products and services originate from. The law obliges these companies to […]

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Delays and Delivery Default Risks Unavoidable

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Since beginning of the global COVID crisis Bangladesh enforced multiple local, regional and national lockdowns with various level of intensity and effectiveness. The Ready-Made-Garments (RMG) industry, backbone of the Bangladesh’s economy contributing up-to 80% of the country’s export, however, remained unaffected from lockdowns fearing worst economic consequence with social and political risks in case millions […]

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ভেনামী চাষে হোঁচট খেয়ে বাগদায় ফেরৎ

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২০০৯ খ্রীষ্ঠাব্দ থেকে ভারতে পাইকারী হারে ঐতিহ্যবাহী বাগদা (ব্ল্যাক টাইগার) চিংড়ি চাষের পরিবর্তে ভেনামী (হোয়াইটলেগ) চিংড়ি চাষের সূত্রাপাত ঘটে। সেসময় ভেনামীর উচ্চফলন, বেশী লাভ এবং রোগবালাই সহনশীলতার প্রতিশ্রুতি চিংড়ি চাষী এবং বিনিযোগকারীদের মধ্যে উচ্চ আকাঙ্খার সঞ্চার করেছিল। ভেনামী চাষ ভারতকে অল্প সময়ের মধ্যেই মার্কিন যুক্তরাষ্ট্রের বাজারে প্রবেশ করতে সাহায‍্য করে এবং একটা ভাল অবস্থানে নিয়ে […]

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BGMEA asks Peacocks to clear payments to 29 Bangladeshi factories

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M.T. Sweater Limited of Bangladesh made sweaters for the British discount clothing chain Peacocks. Last September, they supplied sweaters worth ca. EUR 0.5 million, which the Peacocks received only last month after a long six-month delay. Additionally, EUR 0.55 million worth of ready-made and half-made garments for this buyer are now lying in the warehouse […]

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Compliant Factories in Bangladesh – Intl. collaboration welcome

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While constantly reviewing and updating our extensive internal database about Bangladeshi factories, not only in the ready-made garments (RMG) sector but also across the board, we find increasing number of compliant factories in Bangladesh, which encourages us to continue and strengthening efforts further. Our time-consuming, detail and surgical data analysis is the core of our […]

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Gas reserve potential left unexplored in Bangladesh

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Bangladesh, globally hailed as a potential gas basin, has long been in the grip of an acute gas crisis thanks to lack of gas exploration initiatives, said experts. In the past 12 years, only 18 exploration wells have been dug with the discovery of four gas fields, according to the Bangladesh Oil, Gas and Mineral Corporation, […]

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Another $25m IFC loan to a Bangladeshi company PRAN

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International Finance Corporation (IFC), the private sector development arm of the World Bank Group, has provided yet another $25 million loan […]

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 […]