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EU remains concerned about work place safety: MEP

The European Union (EU) is still concerned over worker safety in the garment sector, despite measures taken to strengthen factory standards, according to the head of the visiting delegation of the European Parliament. A four-member delegation of the European Parliament arrived in Dhaka yesterday to assess the post-January 5 general election scenario, human rights situation and […]

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Foreign company fined for illegal employment

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A foreign company operating in Bangladesh for a long time has been fined EUR 10,000 for engaging foreign citizen illigally breaching employment laws of Bangladesh. The concerned authority slapped the fine as the company employed the foreign citizen as it’s acting country manager who arrived in Dhaka on a visitor visa when the regular country manager […]

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Workers yet to get new wages – owners rewarded

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  A snap-shot survey conducted by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) found that nearly 40 percent of the garment factories in Dhaka and its adjacent areas did not pay the new wage scale effective from 1st December 2013, according to the Daily Star newspaper. The survey conducted between January 10-22 covered 596 factories in […]

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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 […]

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Tax Evasion by Foreigners Working in Bangladesh

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The Ministry of Home Affairs in Bangladesh has requested the National Board of Revenue (NBR) for setting up offices at immigration check posts to identify tax evading foreign nationals leaving Bangladesh, officials of the revenue board said. The request was made at an inter-ministerial meeting held at the ministry last week, they said. Representatives from […]

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€13 million loans to GMG unlikely to be recovered

Dhaka, Sept 6 (bangladeshinside.com) – Bangladesh’s largest government owned Sonali Bank Ltd’s loans worth Tk 134.36 crore or approximately 13.5 million Euro against inadequate collateral to GMG Airlines look unlikely to be recovered given the closure of the private carrier, government auditors found, reports the Daily Star. The spot of financial irregularity at the country’s largest state […]

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Real Estate Prices in Bangladesh in Sky-fall

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Dhaka, Aug 14 (bangladeshinside.com) — Realtors are slashing apartment prices in a bid to revive the housing sector, reports the Daily Star. “The apartment prices in Dhaka are around 25 percent cheaper now than three years ago,” said Toufiq M Seraj, managing director of Sheltech (Pvt) Ltd, a real estate company. In 2010-11, each square foot of a […]

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Bank stung by Ananda Shipyard’s liabilities

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Dhaka, Jul 29 (bangladeshinside.com) — Much hyped shipbuilding industry in Bangladesh seems to be in serious trouble which does not come as surprise to analysts. Cancellation of export orders worth $89.40 million or about BDT 700 crore of Ananda Shipyard and Slipways has left its financier, Islami Bank Bangladesh Ltd (IBBL), in a sticky situation, reports […]

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Is GSP an Economic Privilege or a Blank Cheque

Recent suspension of the US trade preferences or US GSP facilities, due to inadequate protection of fundamental human and labour rights, safety standards has prompted discussions in Bangladesh and major importing countries of Bangladeshi goods, most notably the garments, which makes 80% of the total export of Bangladesh. Why US GSP suspension and Why now? […]

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Land prices in Bangladesh in Sky-fall

Dhaka, April 11 (bangladeshinside.com) — Land prices in Bangladesh have begun to decline after more than two decades of increase which put banks and other lenders in deep trouble as many of their borrowers used loans in land purchases diverting it from any other investments. Land purchase and sell usually guaranteed higher and definite returns. Bankers fear […]

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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 […]