Business - NsNewsWire

Emerging from Rana Plaza ruins: ILO helping survivors develop new skills, find jobs

DHAKA, Oct. 25 (nsnewswire) — When Minu’s limp body was piled onto the mass of corpses after Rana Plaza collapsed, she prayed that someone would notice that she was still alive. Too weak to call out, she had been smothered under dead bodies in the rubble without food or water for three days. As they […]

Bangladesh commemorates tragedy victims, survivors seek compensation

DHAKA, Oct. 24 (Xinhua) — Survivors and their loved ones on Thursday marked the six-month anniversary of Bangladesh’s worst- ever industrial tragedy, while many families express anger and annoyance due to lack of proper aid. Rana Plaza, an eight-story building housing five garment factories crumbled into a cement grave on April 24 in Savar on […]

Poland’s Pedagogical University establishes Yunus Institute of Social Business

DHAKA, Oct. 24 (nsnewswire) — A leading Polish university will set up a Yunus Institute of Social Business. Nobel Laureate Professor Muhammad Yunus has recently signed an agreement with the Pedagogical University in Warsaw Poland to set up Yunus Institute of Social Business at the university. The agreement was signed on Oct. 23. Yunus Institute of Social […]

World Bank says Bangladesh’s GDP growth decelerates to 6 pct

The Bangladesh Development Update October 2013 notes that GDP growth in FY13 decelerated, for the second year in a row, to six percent. Disruptions caused by political strife, deepening political tensions relating to the impending political transition and the inadequate improvements in the provision of power, gas and infrastructure were the key factors in the growth […]

Professor Yunus lectures students on social business

DHAKA, Oct. 23 (nsnewswire) — Nobel Laureate Professor Muhammad Yunus during his recent visit to Poland has spoken at a workshop on Social Business where 100 university students from around the world participated. News and Photo Courtesy:Yunus Center

ADB Provides Additional Financing for Bangladesh-India Electrical Grid Interconnection

DHAKA, Oct. 23 (nsnewswire) — The Asian Development Bank (ADB) and the Government of Bangladesh today signed a loan agreement for $12 million in additional financing for a cross-border electricity initiative between Bangladesh and India. Md. Abul Kalam Azad, Secretary, Economic Relations Division (ERD) and M. Teresa Kho, Country Director for ADB’s Bangladesh Resident Mission, […]

ADB approves 250 mln USD to improve, expand water supplies in Bangladesh Capital

Manila, Oct. 23 (ADB Press Release) — The Asian Development Bank (ADB) has approved a 250 million loan to expand the coverage and quality of water supplies to nearly 11 million people in Dhaka, Bangladesh’s fast-growing capital city. “The city is struggling to meet the water needs of its booming population, and, more worryingly, its […]

Major ILO programme aims to make Bangladesh garment industry safer

DHAKA, Oct. 22 (ILO News) — The Government of Bangladesh (GoB) and the International Labour Organization (ILO) have launched a USD $24.21 million initiative – including a new Better Work programme – aimed at improving working conditions in the ready-made garment (RMG) industry in Bangladesh. The three-and-a-half year initiative, ‘Improving Working Conditions in the Ready-Made […]

Bangladesh’s foreign exchange reserve hits all-time high

By Sheuli Akter, DHAKA, Oct. 22 (NsNewsWire) — Bangladesh’s foreign exchange reserve hit an all-time high of over 17 billion U.S. dollars on the back of an increase in exports and inflow of remittances ahead of the biggest Islamic religious festival, said an official Tuesday. AFM Asaduzzaman, senior spokesman of Bangladesh Bank, told NsNewsWire that the country’s “foreign […]