Dhaka, Nov 29 (UNB) – Bangladesh Garments Manufacturers and Exporters Association (BGMEA) on Thursday held a view exchange meeting with International Apparel Federation (IAF) here at BGMEA Bhaban.
Following the meeting they held a press briefing on their collaboration and plan for the betterment of country’s RMG sector where officials of both sides were present including IAF President Han Bekke.
BGMEA president M Siddikur Rahman said his organization and IAF had a wonderful discussion on their mutual collaboration for taking the industry forward.
“Over the past 4 years our production costs have jumped up to 30 percent while minimum wage rose up to 381 percent since 2010, all of which are adding with the production expenditure,” he said.
The BGMEA head also said that despite investing a large sum of money to ensure workplace safety over the past five and half years by the factories, the prices of the products have declined.
“Building a viable industry requires viable pricing. We want to draw attention of our western buyers to this fact with the help of IAF,” Siddikur said.
Although Bangladesh made significant progress in building a safe environment for RMG workers since Rana Plaza tragedy yet the western media continue to ignore while IAF chief has praised our efforts and remarked that it needs proper media attention, he further said.
“We will hold separate events in Europe and Dhaka to state our progress,” said the BGMEA president.
BGMEA, IAF and International Textile Manufacturers Federation will work closely for UN/EDIFACT code of conduct, he added.
IAF president Han Bekke lauded Bangladesh’s progress in RMG sector saying this collaboration with BGMEA is necessary as the industry is facing new challenges worldwide.
“We believe international trade is important for us. But dispute between US and China could lead to disruption of international trade of textiles and apparels. The Brexit situation is causing a lot of problems in the EU market too,” IAF chief said.
He said everyone related to the industry have huge responsibility ahead to make it more sustainable in terms of both social and environmental conditions.
Among others present at the briefing, BGMEA Vice-0president (Finance) Mohammad Nasim and IAF Secretary General Mathjis Crietee spoke.
The IAF delegation is scheduled to leave Dhaka Friday.
Dhaka, Nov 29 (UNB)- A meeting of board of directors of Islami Bank Bangladesh Limited (IBBL) was held on Thursday at Islami Bank Tower in the city.
The meeting was presided over by professor Md Nazmul Hassan, PhD, chairman of the bank.
Md Shahabuddin, Vice Chairman, Md Mahbub ul Alam, Managing Director and CEO and JQM Habibullah, FCS Deputy Managing Director and Company Secretary of the Bank also attended the meeting.
Dhaka, Nov 28 (UNB) - The government of Bangladesh, Asian Development Bank (ADB) and stakeholders at a dissemination forum on Wednesday discussed tools for designing climate-smart development projects.
Programming Division, Planning Commission of Bangladesh and ADB jointly organised the forum on “Establishing a Climate Risk Screening System for Mainstreaming Climate Change Adaptation into National Development Budgeting Activities” at a city hotel.
The event showcased and discussed the tools designed under an ADB technical assistance “Action on Climate Change in South Asia (TA 8572 REG)”.
Planning Division Senior Secretary M Ziaul Islam, Planning Commission members Mohammad Asif-uz-Zaman and Shamima Nargis, and chief of Programming Division M Sayeedul Haque, among others, attended the event.
ADB Country Director for Bangladesh Manmohan Parkash spoke at the programme as the guest of honour.
About 90 government officials, academics, researchers, development partners, NGOs and civil society members participated in the event.
“Bangladesh is highly vulnerable to climate risks,” Manmohan Parkash said, adding that the tools developed with ADB assistance will help make right climate-smart investments, leading to optimal use of public resources.
The project’s central output is a customised climate risk and vulnerability assessment tool and system aimed at guiding government agencies, departments and ministries in incorporating climate change adaptation and mitigation options in project design, according to ADB.
The tool will also help the Planning Commission ensure that public sector investment projects in the Annual Development Programme are resilient to potential damages due to climate change and natural hazards, it said.
The project also pilot-tested the climate risk and vulnerability assessment tool on three agriculture and water resources projects in Barishal, Rajshahi and Sylhet, and conducted trainings for government officials on CRVA and cost-benefit analysis of climate change adaptation.
Dhaka, Nov 27 (UNB) – The government is incurring a direct loss of around Tk 1000 crore every year due to unchecked volumes of handset shipments into the country through unauthorized channels, said Bangladeshi Mobile Phone Importers Association (BMPIA) on Tuesday.
Approximately around 2.5 million handsets are coming through illegal channels annually and the market value of those devices is around Tk 3 billion, said BMPIA president Ruhul Alam Al Mahbub while talking to reporters at a city hotel.
He also said the country's mobile market is of around Tk 10,000 crore and 30 percent of which is in the grip of importers who are bringing those here through improper channels evading taxes and other due process.
If the situation continues, the legitimate importers will gradually lose their enthusiasm and will be bound to shrink their business activities that ultimately will incur huge loss to the government’s revenues generation,” said the speakers.
Over the last nine months of this year, around 2.30 crores mobile phone sets were imported to the country, among which 50 lakhs were smartphones, they said.
Moreover, only 10 percent iPhones are being imported to the country in valid means while 90 percent of those devices come through illegal paths, they added.
BMPIA Vice President Rezwanul Haque, General Secretary Jakaria Shahid and Joint Secretary Mesbah Uddin, among others, spoke on the occasion.
Dhaka, Nov 27 (UNB) - WorldRemit, a leading global money transfer firm, has tied up with bKash and Brac Bank to remit money from abroad through online channel to Bangladesh.
“We’ve partnered with local mobile money transfer window bKash and also Brac Bank to offer our service to remittance receivers in Bangladesh,” said Tamer El-Emary, Chief Commercial Officer of the WorldRemit, the UK-based firm having operation in more than 50 countries.
While talking to a group of journalists at a city hotel on Tuesday, he claimed that their firm’s online money transfer service will be faster, easier and more convenient compared to that of others.
Tamer El-Emary said WorldRemit is the global leader in cross-continental mobile money transfer which currently processes 52 percent of all cross-continental transfers into mobile money accounts.
WorldRemit is now connected to one-fifth of all mobile money accounts across the globe (130 million, he said.
Tamer El-Emary said Bangladeshi expatriates living abroad can send money through WorldRemit just using a downloaded app.
However, the user must have a bank account or a credit or debit card to use the app and send money, he said.
WorldRemit official said their agency has no operation in the Middle-East countries from where most of remittance is coming to Bangladesh. “We’re in our efforts to launch our operation in the Middle-East countries. But it’s a long procedure to secure permission from the banking authorities,” he said.
He said WorldRemit has already obtained necessary permission from the central bank and other agencies to operate its system.
As part of its expansion plan, the company has now tied up with bKash and Brac Bank to operate its system in Bangladesh, Tamer El-Emary.
He said the WorldRemit has been operating its system in Bangladesh since 2012. But through the partnership with bKash and Brac Bank, it will move for its branding in the country.
In future, it has a plan to make partnership with other mobile money transfer windows like Ucash and Rocket, he added.
“A rapid growth of online remittance inflow has prompted the WorldRemit to take up the expansion plan in Bangladesh,” said Tamer El-Emary.
He pointed out that the company will mainly put its focus on the remittance sending from the USA, Australia, the UK, Canada, Africa and the countries in Europe where its service is available. “Malaysia and Singapore could be our major potential area of operation as well,” he said, adding that the WorldRemit attained a 30 percent growth in its business in Bangladesh.