UNESCO recommends placing Sundarbans in danger zone

“We want to retain the Sundarbans’ position as a World Heritage Site. The government still has time to cancel this project.”

4Staff Correspondent: (22 May 2017) The United Nations Educational, Scientific and Cultural Organization (UNESCO)’s World Heritage Centre has recommended to place the Sundarbans in the danger zone as the present government has not canceled the Rampal project as yet, nor has it taken any initiative to remove the factories from the area. A 21-member committee finalised this proposal on Friday. This proposal will be submitted for consideration at the upcoming annual meeting that will be held in Poland from 2 to 12 July. The organisation said 8 of the 10 recommendations that they made were not implemented.
In three different phases back in 2013, 2014, and 2016, UNESCO recommended that the Bangladeshi government cancel this project. In their last effort, a group of specialists visited the Sundarbans and said the Rampal project would harm the forest irretrievably. Read the rest of this entry »

Permanent link to this article: http://www.daily-industry.com/2017/05/22/unesco-recommends-placing-sundarbans-in-danger-zone/

Muhith seeks Saudi investments in SEZs

3Staff Correspondent:(22 May 2017) Finance Minister AMA Muhith sought Saudi investment in Bangladesh Special Economic Zones (SEZs), saying that such investments would significantly accelerate the trade opportunities between the two countries bonded by the spirit of brotherhood.
He made the request when he held a meeting with Finance Minister of the Kingdom of Saudi Arabia (KSA) Mohammed Al Jadaan in Jeddah during his recent visit, said a finance ministry media release yesterday.
Muhith who is also chairman of the IDB (Islamic Development Bank) Board of Governors attended the 42nd Annual Meeting of IDB Board of Governors held in Jeddah during May 14-18.
The finance minister informed his Saudi counterpart about the establishment of Special Economic Zones in Bangladesh, some of which are dedicated to specific countries such as Japan, South Korea and China.
Muhith recalled with great satisfaction the commitment of the Saudi government regarding the financing of establishment of 560 masques and Islamic centres in district and upazila level of Bangladesh. Read the rest of this entry »

Permanent link to this article: http://www.daily-industry.com/2017/05/22/muhith-seeks-saudi-investments-in-sezs/

Probe report on BB reserve heist on Jun 19

Court Correspondent: (22 May 2017) A court fixed June 19 for submission of the investigation report in the case filed over reserves heist from Bangladesh Bank.
Dhaka Metropolitan Judge AKM Moin Uddin Siddique yesterday fixed the new date on, as Criminal Investigation Department (CID) did not submitted the report on the date fixed earlier. Earlier on March 16, the court ordered CID to submit the probe report.
On February 5, 2016, hackers successfully made an attempt to steal US $ 81 million from Bangladesh Bank’s forex reserve in the Federal Reserve Bank of New York following instructions to siphon off $951m from the Bangladesh central bank’s account with the Fed. Later, the money was transferred to Philippine.
Deputy Director of Bangladesh Bank’s Accounts and Budgeting Department Zobaer Bin Huda filed a case with Motijheel Police Station against unidentified people on March 15 regarding the theft. Currently CID is investigating the case.

Permanent link to this article: http://www.daily-industry.com/2017/05/22/probe-report-on-bb-reserve-heist-on-jun-19/

Share trading at DSE from 10am to 2pm in Ramadan

Staff Correspondent:  (22 May 2017) Share trading at Dhaka Stock Exchange (DSE) will take place from 10am to 2pm without any break during the upcoming holy month of Ramadan.
The DSE office will remain open from 9am to 3.30pm during the month, said a DSE media release yesterday.
DSE trading and office will get back to normal trading hours after the Ramadan and the holiday for Eid-ul-Fitr.

Permanent link to this article: http://www.daily-industry.com/2017/05/22/share-trading-at-dse-from-10am-to-2pm-in-ramadan/

BD can take benefits of its location in eastern sub-region of SA: ICCB

Staff Correspondent: (22 May 2017) The International Chamber of Commerce-Bangladesh (ICCB) has said Bangladesh is uniquely positioned to take advantage of its location in the eastern sub-region of South Asia. It can be a “centre-point” of different initiatives that seek to connect BBIN (Bangladesh, Bhutan, India, Nepal) with the Association of South East Asian Nations (ASEAN), Bangladesh-India-China-Myanmar (BICM) cooperation arrangement, and also with other East Asian countries, the ICCB said in an editorial released yesterday. With deeper trade, investment and connectivity linkages within the sub-region, Bangladesh can benefit from new markets, new import sources of high-quality and better priced products, increasing opportunities for transport and logistics services, it observed. The editorial mentioned that increased trade will contribute directly to investment and job creation in manufacturing, agriculture as well as services which will facilitate to achieve its goal to become middle income status by 2021. Read the rest of this entry »

Permanent link to this article: http://www.daily-industry.com/2017/05/22/bd-can-take-benefits-of-its-location-in-eastern-sub-region-of-sa-iccb/

Trial against Rana, 9 others begins

Rana Plaza graft

Court Correspondent: A Dhaka court framed charges against Sohel Rana, owner of the Rana Plaza and nine others in a case filed against them on charge of accumulating wealth illegally.
Dhaka Division Special Judge Atowar Rahman passed the order yesterday and set July 5 for next hearing in the case.
Besides, the court has acquitted six suspects from the trial.
Anti-Corruption Commission (ACC) public prosecutor Mahmud Hossain confirmed the matter to media.
The anti-graft watchdog started investigation about his wealth after the Rana Plaza collapsed on 24 April in 2013, which left 1,129 people killed and about 2,515 others injured. According to the ACC probe report, he built two commercial buildings–Rana Plaza and Rana Tower–in Savar with ill-gotten money.

Permanent link to this article: http://www.daily-industry.com/2017/05/22/trial-against-rana-9-others-begins/

Free union practices for RMG workers stressed

2Staff Correspondent: (22 May 2017) Sustainability Compact partners on Thursday underscored the need for adequate protection against the anti-union activities as union is the key element to ensure the freedom of association in the readymade garment sector in Bangladesh. In the third review meeting of Sustainability Compact on Readymade Garment and Knitwear Industry in Bangladesh held in Dhaka, the partners also stressed inclusive consultation towards the amendment of Bangladesh Labour Act for associating regulations to address the recommendations of the International Labour Organisation. In the review meeting, the Compact partners especially the European Union, the US and Canada called upon the government of Bangladesh to review urgently the complaints pending against trade union leaders at Ashulia industrial area. Read the rest of this entry »

Permanent link to this article: http://www.daily-industry.com/2017/05/22/free-union-practices-for-rmg-workers-stressed/

PM accorded warm reception in Saudi Arabia

State Minister for 'Sura affairs' Mohammed Faisal Bin Abu Saad of Saudi Arabia and ambassador of Bangladesh to Saudi Arabia Golam Moshi welcomed Prime Minister Sheikh Hasina after reaching at King Khalid International Airport yesterday to attend the 'Arab Islamic American Summit' -PID

State Minister for ‘Sura affairs’ Mohammed Faisal Bin Abu Saad of Saudi Arabia and ambassador of Bangladesh to Saudi Arabia Golam Moshi welcomed Prime Minister Sheikh Hasina after reaching at King Khalid International Airport yesterday to attend the ‘Arab Islamic American Summit’ -PID

Industry desk: (22 May 2017)  Prime Minister Sheikh Hasina was accorded a warm reception as she arrived here last night on a four-day official visit to Saudi Arabia to join the Arab Islamic-American (AIA) Summit at the invitation of Saudi King Salman bin Abdulaziz Al Saud.
A Biman Bangladesh Airlines flight carrying the prime minister and members of her entourage landed at King Khalid International Airport at 11.15 pm local time. Saudi State Minister for Shura Affairs Mohamed Faisal Bin Abu Saad  and Bangladesh Ambassador to Saudi Arabia Golam Moshi received the premier at the airport.
From the airport, a ceremonial motorcade escorted Sheikh Hasina to Movenpick Hotel Riyadh, where she will be staying till today morning.
During her visit, Sheikh Hasina will also perform holy umrah at the Haram Sharif in Makkah and offer ziarat at the Rawza Mubarak of Prophet Hazrat Muhammad (PBUH) in Madinah.
The Arab Islamic-American (AIA) Summit will begin at King Abdul Aziz International Conference Center in the Saudi capital yesterday afternoon. Bangladesh Prime Minister Sheikh Hasina, US President Donald Trump and 56 Arab and Muslim leaders will join the summit to discuss ways to combat extremism and illicit financing under the summit slogan “Together We Prevail”. Read the rest of this entry »

Permanent link to this article: http://www.daily-industry.com/2017/05/22/pm-accorded-warm-reception-in-saudi-arabia/

Private initiatives encouraged for safer RMG factories

Staff Correspondent: (22 May 2017)  The partners of the Sustainability Compact have encouraged private initiatives to remain engaged with the government and renew their commitments to work for safer RMG factories in Bangladesh during the coming years, reports. Recognising the critical role that the RMG sector plays in the country’s development, they expressed their continued commitment to the people of Bangladesh, including through supporting responsible business conduct. The initiative, called Bangladesh Sustainability Compact, was born in the aftermath of the tragic factory collapse in 2013 which claimed 1,129 lives. The ‘joint conclusions’ shared by the European Commission (Trade) on recently held third follow-up meeting on the Sustainability Compact mentioned that the Compact partners took note the government of Bangladesh’s planned strategies to achieve the goals of the compact and will continue to review and assess progress together in the coming years. The partners of the Sustainability Compact are the government of Bangladesh, the European Union (EU), the United States of America (USA), Canada, and the International Labour Organisation (ILO). Private initiatives encouraged From Page 16 Col.  Read the rest of this entry »

Permanent link to this article: http://www.daily-industry.com/2017/05/22/private-initiatives-encouraged-for-safer-rmg-factories/

Digital service expedites activities at Import-Export Office: Tofail

Staff Correspondent: (22 May 2017) Commerce minister Tofail Ahmed yesterday said digital service introduced by the government has expedited the activities at the Office of the Chief Controller of Imports and Exports (CCIE) for business. “Now, the Import Registration Certificate (IRC) is being issued within 36 hours, which earlier used to take 72 hours, following 10 steps instead of 15 steps to ease the business,” he added.
The minister passed the remarks while inaugurating the new CCIE office building as chief guest in the city. With the bliss of digitalization, he said, the businessmen can expand their business as they are not needed to wait more for the service to do export and import. The minister said commerce ministry generates revenue income nearly Tk 200 crore annually, of which more than half of the total comes from the import-export office.
He hoped the new office and modern management will boost its activities.
Senior Secretary of Finance Division Hedayetullah Al Mamoon and Commerce Secretary In-charge Shubhashish
Bose also spokes on the occasion as special guests with Chief Controller Afroza Khan in the chair.
In last fiscal, country’s export earning was US$ 34.26 billion with 9.77 percent growth while US$ 37 billion has been set for this fiscal.

Permanent link to this article: http://www.daily-industry.com/2017/05/22/digital-service-expedites-activities-at-import-export-office-tofail/

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