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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Uttara Finance & Investments Ltd BDT 5,100cr scam: UTTARAFIN
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Explosives screening mandatory for direct cargo services to the EU
The European Union (EU) authorities include Bangladesh to the high-risk countries in terms of operating direct cargo services to the EU, according to the Civil Aviation Authority of Bangladesh (CAAB). The EU Ambassador to Bangladesh Pierre Mayaudon informed this decision at a meeting with CAAB Chairman Air Vice-Marshal Ehsanul Gani Chowdhury at the latter’s office yesterday, meeting sources […]
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Sustainability Compact – Achievements and Challenges
In response to the collapse of the Rana Plaza factory in April 2013, the Government of Bangladesh (GoB), the International Labour Organisation (ILO), the European Union (EU) and the United States (joined later) engaged in a joint initiative known as “Compact for Continuous Improvements in Labour Rights and Factory Safety in the Ready-Made Garment and […]
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Bangladesh Sustainability Compact Achievements
Sustainability Compact achievements may be categorised in Technical and Legislative achievements. Technical Achievements: Out of more than 7,000 factories, as of March 2017 approximately 1,580 factories have been inspected and 55 terminated by the Accord on Fire and Building Safety in Bangladesh for reasons of workplace safety. The Government of Bangladesh, in collaboration with the ILO […]
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Bangladesh Sustainability Compact – Tasks Ahead
The visiting delegation of Members of the European Parliament (MEPs) in the last week of March, led by Socialists and Democrats Co-rapporteur Mr. Arne Lietz, called on Bangladesh to address four issues: full alignment of the EPZ draft law Bangladesh Labour Act with the UN core Labour Convention modalities for establishing trade unions and the […]
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Japanese companies rate Bangladesh as top investment destination: JETRO Survey
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 […]
Bangladesh Govt. Cash Subsidies for Exporters in FY 2015-16
The government of Bangladesh has released cash incentives amounting to BDT 8.75 billion for disbursement among major exporters for fiscal year (FY) 2015-16. This amount of subsidies will be distributed among the business communities, which export goods, meaning they will still make profit if they even export goods at it’s production costs. 35 billion total annual allocation […]
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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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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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Boosting export by devaluating currency in Bangladesh
Bangladesh Taka (BDT) is likely to lose its value against major currencies as the relevant authorities are mulling appropriate measures to prop up falling exports. The local currency remained strong over nearly two years as country’s imports plunged. By official count, the export earnings fell 7.63 per cent in October against its corresponding period a year […]
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Fast Reading
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Delays and delivery default risks unavoidable
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BGMEA asks Peacocks to clear payments to 29 Bangladeshi factories
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Bangladesh’s “Ease of doing business Index” Ranking dilemma!
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Compliant factories in Bangladesh – Intl. collaboration welcome
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Venami shrimp farming begins in Bangladesh
- Opportunities beyond clothing in Bangladesh
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Gas reserve potential left unexplored in Bangladesh
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Facts Check: Power Generation in Bangladesh
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Weak NBFIs in Bangladesh barred from paying dividend
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Japan fails to secure VAT Exemption for JICA funded project in Bangladesh
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Alibaba and Amazon to build network in Bangladesh
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Bangladeshi RMG manufacturers chocking as orders fell by 30%
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Non-performing loans may increase as recovery remains slow
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Some Recommendations on Overcoming the Crisis in the Leather Industry
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Bangladesh’s $8 billion credit risk from the global retailers and brands
- ACMELAB: The ACME Laboratories Limited
- AFTABAUTO: Aftab Automobiles
- EASTRNLUB: Eastern Lubricants
- GLAXOSMITH: Glaxo SmithKline
- LINDEBD: Linde Bangladesh
- PADMALIFE: Padma Islami Life Insurance
- ACI: ACI Limited
- ICB: ICB
- BATBC: BATBC
- BSC: BSC
- NTC: National Tea
- RENATA: Renata
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ABBANK: AB Bank Limited
- BDLAMPS: Bangladesh Lamps
- APEXFOODS: Apex Foods
