Dhaka, Aug 30 (UNB) – In Bangladesh’s readymade garments (RMG) sector, 97.5 percent factories don’t have trade unions.
A comprehensive survey on RMG sector conducted by Centre for Policy Dialogue (CPD) also found out that the workers’ organisations continue to remain in either weak or non-functional in the garment factories.
CPD research director Dr Khondaker Golam Moazzem led the team that conducted the survey by collecting data from 3,856 factories having 3.6 million workers. Of the factories, about 50 percent are found to be small, 42.5 percent are medium and 7.4 percent are large.
The survey report was presented at a seminar titled: “Conference on Transformation in the RMG Sector in Post-Rana Plaza Period” at a hotel in the city on Thursday.
While presided over the inaugural session of the seminar, CPD Chairman Prof Rehman Sobhan, said that a global consultation is required for social improvement of the RMG workers who should be given the most credits for success of the garment sector.
He said the government and parliament can play the vital role for the improvement of the situation by ensuring the sharing of profit for the garment workers as there is now prevailing an unfair and unjust situation.
He said that one-third of the parliament members are garment owners but added that he does not know how many trade union leaders are parliament members from the RMG sector.
He said Rana Plaza incident was a result of the severe competition of the local factories to sustain in the global market.
He urged Saber Hossain Chowdhury, the president of the Inter-parliamentary Union (IPU) and also a member of the current parliament and chairman of the parliamentary standing committee on Ministry of Textile and Jute to pursue the issue to draw the global attention for social improvement of the garment workers.
Speaking at the seminar as chief guest Saber Hossain Chowdhury said Rana-plaza incident was a wake-up call for the RMG sector. “But now we don’t want a second wake-up call”.
He said the RMG sector has done exceptionally well in the post-Rana Plaza period. But the garment owners and government have to be pro-active to do better. “We have to take the future challenges to achieve the $50 billion export target by 2021”.
FBCCI president Shafiul Islam Mohidddin admitted that there is lack of trade union activities in the RMG sector but said that workers welfare committees in the factories are working to protect the interest of the workers.
He said 70 percent profit in the RMG sector is taken away by the brands and buyers for which local factory owners always remain under pressure to sustain in the global competition.
He said in the post-Rana Plaza period most of the factories were transformed into compliance factories while now owners are trying to convert them into green factories.
He mentioned that about 1200 factories had to face closure in the post-Rana Plaza period.
The FBCCI chief said the factories should allow the trade unions as Bangladesh signed the ILO convention.
Garment Workers Trade Union Centre president advocate Montu Ghosh said all the elements of the RMG sector is imported from abroad except the men and machines.
He said the factory owners have no attention to improve the working and social condition of the workers.
“Most of the workers are subjected to rough behavior of top management in the RMG sector”, he alleged.
He said the government formed a wage commission about 5 years ago but the report has not been published yet.
He also urged the FBCCI chief to play an active role to reinstate the terminated workers in Tongi area for which garment workers staged demonstration in Uttara area.
Dhaka, Aug 30 (UNB)- A meeting of the Board of Directors of Islami Bank Bangladesh Limited was held on Thursday at Islami Bank Tower in the city.
Presided over by Professor Md Nazmul Hassan, Chairman of the bank, the meeting was attended by Md Shahabuddin, Vice Chairman, Directors, Md Mahbub ul Alam, Managing Director & CEO and J Q M Habibullah, FCS, Deputy Managing Director & Company Secretary of the Bank.
London, Aug 29 (AP/UNB) — Aston Martin, the maker of James Bond's favorite sports car, says it may sell shares for the first time as the company seeks to attract more wealthy buyers with an expanded product range including sedans, sports utility vehicles and even submarines.
The company says it will sell at least 25 percent of Aston Martin's shares if it decides to go forward with an initial public offering on the London Stock Exchange. Details of the IPO would be published around Sept. 20.
The announcement came as Aston Martin said first-half pre-tax profit rose to 20.8 million pounds ($26.8 million) from 20.3 million pounds during the same period last year.
Chief Executive Andy Palmer says the potential IPO "represents a key milestone in the history of the company."
Dhaka, Aug 29 (UNB) - The 179th audit committee meeting of the Board of Directors of Al-Arafah Islami Bank Limited (AIBL) was held at Al-Arafah Tower in the city on Wednesday.
Amir Uddin, Chairman of the Committee presided over the meeting that reviewed and discussed about various audit related issues of the Bank, said a press release.
Members of the committee Md Abdus Salam, Abdul Malek Molla, Niaz Ahmed, Khalid Rahim, Managing Director Md Habibur Rahman, Executive Vice President and Company Secretary Md Mahmudur Rahman and other executives were present in the meeting.
Dhaka, Aug 29 (UNB) – The local electronic giant Walton witnessed a record in its fridge sales during Eid-ul-Azha, one of the biggest religious festivals of the Muslims performed across the country on August 22, 2018.
The local brand sold out about six lakh units of frost, non-frost and deep fridges during the month of July and August of this year, a 50 percent rise in sales from corresponding period of last year, said a press release on Wednesday.
Amdadul Haque Sarker, executive director of Walton Group, said, “We set a target of selling out around four lakh units of fridges in two months (July and August). To meet the target, we marketed a total of 145 models of fridges, of which 53 models were newly released. As a result, the target was fulfilled within a very short time. Thus, we revised the target to 5 lakh units, which was also fulfilled few days ahead of Eid. Now, we are expecting that the number of fridge sales will cross six lakh units.”
Mohammad Rayhan, chief marketing officer of Walton Plaza Sales and Development Department, said, they experienced a bumper sales of Walton fridges ahead of the Eid due to releasing highest number of fridges in the local market as well as handing over new cars under the Eid Mega Digital Campaign.
He claimed that the release of special design fridges like same space for normal and deep parts resulted in gaining huge customers’ responses in the Eid.
According to marketing officials of Walton, the models of tempered glass door refrigerators turned out to be prime choices of the customers. Prices of those models of fridges were Tk 24,500 to 37,500. In addition, sales of the frost refrigerators of five star energy rating were also satisfactory.
Among the non-frost refrigerators, the new models like side by side door 563 liter, three-door 536 liter and 526 liter non-frost refrigerators gained good responses from the customers during Eid.
The use of Intelligent Inverter technology, Nano Healthcare and Anti-Fungal Door Gasket technology, one-year replacement guarantee, ten years guarantee for compressors, maximum 36-month easy installment facility, achieving Five Star energy rating from BSTI and suitability with the local weather conditions helped Walton refrigerators to be at the top of the customers' choice, they said.