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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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Top 20 loan defaulters in Bangladesh named

one crore =10 million one EUR = BDT 94.53 The honourable Finance Minister of Bangladesh Mr. AHM Mustafa Kamal informed the parliament today that there were 266,118 loan defaulters in the country as of December 2018. A High Court order, however, prevented names of some defaulters from being published, noted the finance minister. The top […]

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Bangladesh passes EPZ Labour Ordinance

Bangladesh published official gazette about the EPZ Labour Ordinance for the country’s eight Export Processing Zones (EPZs), employing more than half a million workers in factories inside those special industrial parks. The EPZs are governed by a separate authority, the Bangladesh Export Processing Zones Authority (BEPZA) administered out of the Prime Minister’s Office, and a separate law empowering […]

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Maternity Benefits in Bangladesh

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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 […]

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Upto 30 percent less from payments out of Bangladesh

Foreign or non-resident recipients of payments from Bangladesh may be surprised by receiving up-to 30 percent less than the due or invoiced amount. The remitting banks from Bangladesh is obliged to deduct, mostly 20 percent, which may go as high as 30 percent, depending on the nature and type of the payment, without a specific […]

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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. […]

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Top labour leaders under tax authority’s scanner

The National Board of Revenue (NBR), tax authority of Bangladesh, has sought information on bank accounts of six top labour leaders in the readymade garment (RMG) sector. The labour leaders under tax authority’s scanner include United Federation of Garment Workers President Roy Ramesh Chandra and his wife Krishna Roy, Allied Garment Workers Federation President Nazma […]

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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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Amended Bangladesh Labour Act in force but not implemented

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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 not being implemented, says the concerned authorities. Labour leaders and rights groups, however, allege the government for intentional delay over formulation of the rules, protecting the […]

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Foreign companies bared from the commercial service sector

A long-pending legal petition has been hindering foreign companies entering into the Bangladesh’s Commercial Service sector, including the areas of freight forwarding and logistic services, shipping agencies, airlines GSA, distribution and travel agencies alike. The Bangladesh High Court on September 26, 2012 imposed an injunction on granting registration, licence, permission or work permit to any new foreign […]

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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 […]