Uneasy calm prevailed in Tongi after industrial violence, Bangladesh

The working committee of national taskforce on recession on Tuesday recommended the government for giving 5 percent cash incentive to the ready-made garment exporters and its backward integration only for new export destinations to revive the export growth. Read More »

German company Cancun Food Produces Limited is going to establish a high tech food processing industry in the Adamjee Export Processing Zone. Read More »

Fresh unrest is again simmering in the readymade garments (RMG) sector. Three precious lives were lost and over a hundred wounded in the recent deadly violence in Tongi. An apparently disturbed Prime Minister, Sheikh Hasina, categorically said that the government would not tolerate chaotic situation any more in the garment sector. The garment workers must get all types of facilities as they, with their low paid salaries, find it difficult to make both ends meet, she said. Read More »

The 20th Bangladesh Apparel and Textile Exposition will begin in the capital on Thursday presenting more value added local garments to the international importers. Read More »

Ocean Containers Limited, a fully-owned subsidiary of Summit Alliance Port Ltd, has got approval from the Chittagong Stock Exchange to be listed directly with the bourse. Read More »

Indonesian President Susilo Bambang Yudhoyono promised Thursday to boost investment by removing red tape blamed for slowing growth in Southeast Asia's biggest economy. Read More »

Connectivity in education is key for Bangladesh to step in to the digital era, says a top regional official of Cisco Systems, a leading global supplier of networking equipment and network management. Read More »

An uneasy calm prevailed in industrial town of Tongi Saturday after pitched battles between agitated garment workers and police left an unspecified number of people dead or wounded and forced brief movement of traffic in nearby Dhaka-Mymensingh highway. Read More »

Bangladesh Commerce Minister Faruk Khan yesterday directed the garment associations to submit the structural designs of their member-factories' outmoded buildings to renovate the jerry-built factory houses by December. Read More »

In late 2009 the business community and economists often remark that the level of investment in the economy is too low. The Minister of Finance has recently expressed such concerns. What they mean is that to create jobs for the young people entering the labour force, to raise the productivity of workers, and to make the economy grow faster there has to be much more investment than is now taking place. We examine in this article some of the evidence that it is low and review some of the reasons for this. Perhaps by understanding the reasons it really is possible to figure out how to increase investment. Read More »

The knitwear sector trade body chief in a press briefing yesterday pointed his finger at the absence of strong trade negotiations on the government's part, a setback to raising Bangladesh's capability to tap the $1.2 billion South African apparel market. Read More »

Knitwear and woven garment exports, which account for over 80 percent of total shipments, slipped in the July-August period, dimming prospects for Bangladesh's overseas sales. Read More »