Tag Archives: Featured

Venami shrimp farming begins in Bangladesh

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Farming of ‘banned’ high-yield species of Venami shrimp has began in Bangladesh. The test run of the project is being implemented by a Khulna based private company and a Shatkhira based NGO together by importing eight hundred thousand Venami shrimp fry from Thailand. The government of Bangladesh issued special permission for cultivation of Venami shrimp […]

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

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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

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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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NY private equity firm to invest $200m in RMG in Bangladesh

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TAU Investment Management LLC, a New York-based growth-equity venture investment firm is currently in the process of raising a US$1.0 billion for modernisation of the garment and textiles industries in Bangladesh, Indonesia, Cambodia, Vietnam China and, to lesser extend, in Turkey. The fund is backed by the Soros family, Yahoo co-founder Jerry Yang and the Global […]

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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 […]