Gov’t board recommends 77 pct wage hike for Bangladesh garment workers

   DHAKA, Nov. 4 (nsnewswire) — The government board has recommended 5,300 taka as the minimum monthly wage for the country’s around 4 million garment workers.   The government in May this year, formed the wage board, headed by a Judge AK Roy, to set a fresh minimum wage structure for the garment sector.   […]

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Dhaka Bank signs insurance coverage deal with MetLife Alico

DHAKA, Nov. 4 (Dhaka Bank Press Release) — MetLife Alico handed over a cheque of Tk.32, 27,000.00 (Taka Thirty Two Lac Twenty Seven Thousand Only) for Accidental Death Claim Settlement towards claimant Mrs. Joya Saha (Mother of Ms. Ahona Saha, nominee of EduSavings Plan product, of Dhaka Bank) yesterday. On this auspicious occasion, Dhaka Bank […]

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Fifth Global Social Business Summit to Take Place in Malaysia

DHAKA, Nov. 3 (Yunus Center Press Release) — The Global Social Business Summit 2013 will be held in Kuala Lumpur Convention Centre, Malaysia from 7-9 November 2013, with the theme of “Social business to change the world”. Nobel Peace Prize Laureate, Professor Muhammad Yunus will deliver the keynote speech at the opening of the Summit […]

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Bangladesh’s October forex reserves reach 17.35 bln USD

DHAKA, Nov. 3 (nsnewswire) — The country’s foreign exchange reserves at the end of the last month reached 17.35 billion U.S. dollars, a Bangladesh Bank (BB)  said Sunday.   The BB official said that foreign exchange reserves stood at 17,345.40 million U.S. dollars at the end of the last month after reaching 16,154 million U.S. […]

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Adidas joins European-led effort on Bangladesh factories

DHAKA, Nov. 1 (nsnewswire) — Sporting goods maker Adidas AG (ADSGn.DE) has signed a pact to promote the safety of garment workers in Bangladesh, picking a European-led initiative over a rival U.S. drive, it said on Tuesday. Adidas said although it had only limited production in Bangladesh, it thought that signing the Accord on Fire […]

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PM lays foundation stone of first-ever metro rail project

DHAKA, Oct. 31 (nsnewswire) — Prime Minister Sheikh Hasina has laid the foundation stone of the country’s first-ever metro rail project  scheduled to be implemented in three phases by 2022. The foundation laying ceremony took place in Gazipur on the outskirts of capital Dhaka on Thursday evening. Bangladesh in February this year signed a loan […]

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IPFF Project financed USD 20 Million

DHAKA, Oct. 31 (Xinhua) — IPFF disbursed 20 million USD from its on-lending component to M/S Baraka Patenga Power Limited at Patenga in Chittagong through its PFIs United Commercial Bank Limited (USD 14.04 million) and Trust Bank Limited (USD 5.87 million). In its 2nd phase of operation this is the largest amount of money that […]

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Bangladesh’s July-August trade deficit narrows to 790 mln USD

  DHAKA, Oct. 31 (nsnewswire) — In the first two months of the current 2013-14 fiscal year the country’s trade deficit narrowed by about 11 percent year on year to 790 million U.S. dollars, showed officials data Thursday.    According to statistics of the central bank of Bangladesh, the country’s import payment was 5.783 billion U.S. […]

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Bangladesh makes notable progress in reforms for easy business start:WB

DHAKA, Oct. 29 (nsneweswire) — A new World Bank Group report says that Bangladesh has made notable progress in reforms that make it easier to start and run a business in the country.  The report, Doing Business 2014: Understanding Regulations for Small and Medium-Size Enterprises,released today from Washington analyzes regulations that apply to businesses during their life cycle, […]

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