Demand for better price of RMG products

Bangladesh economists and manufacturers urged the international buyers to deconstruct the current value chain of Bangladeshi apparel products to ensure better price. Centre for Policy Dialogue (CPD) and International Labour Organisation (ILO) jointly organised the event marking the fourth anniversary of Rana Plaza tragedy. “Unless there is a major investigation of professional nature, political nature and in the end of the day international nature, the Oxfam and Action Aid, and everyone has to join together to deconstruct the value chain,” he added. I think, if you (buyers) can do this, all the problems will be solved regarding unjust value chain,” he said. BGMEA Vice President Mahmud Hasan Khan Babu said the buyers threatened Bangladeshi manufacturers to shift their sourcing in other competitor countries, while they demanded a just value chain.

April 23, 2017 17:37 UTC

Saudi Arabia restores perks to state employees, boosting markets

In September, Saudi Arabia cut ministers' salaries by 20 percent and scaled back perks for public sector employees in one of the energy-rich kingdom's most drastic measures to save money after tumbling oil prices. Minister of State Mohammed Alsheikh said Deputy Crown Prince Mohammed bin Salman recommended the change after better-than-expected budgetary performance in the first quarter of 2017. "A number of fiscal adjustment measures were taken over the last two years which led to a strong improvement in the government's fiscal position." Another son and long-time oil policy official, Prince Abdulaziz bin Salman, was appointed state minister for energy affairs. The kingdom's anti-corruption body Nazaha concluded the minister had hired his son in a post for which he was unqualified.

April 23, 2017 17:37 UTC

Govt picks 285 colleges, 40 high schools for nationalisation

Notable in the list of colleges is the Begum Fazilatunnesa Mujib Women's College in Mymensingh's Fulbarhia, the place that became a hotspot for demonstrations a few months ago. Local people, students and teacher of Fulbarhia College, which was established before the women's college, took part in a series of demonstrations demanding the nationalisation of the college. A teacher of the college and another person were killed when the police charged baton to disperse the demonstrators. The others include Savar College in Dhaka, and Nizampur College, Hathazari College, Raozan College, Fatikchharhi College, Anwara College and Rangunia College in Chittagong. As many as 14 colleges in three Chittagong Hill Tracts districts are being nationalised under this criterion.

April 23, 2017 17:34 UTC

Palace striker Benteke's double beats old club Liverpool

Philippe Coutinho had put Liverpool ahead in the 24th minute with a direct free kick. The home side dominated but conceded an equaliser just before halftime when Benteke, sold by Juergen Klopp in August, scored from a cross by Yohan Cabaye. In the 74th minute the Belgian stooped to head in a corner and win the game. Klopp's team stay third but are five points behind second-placed Tottenham Hotspur having played two games more. Palace, who have recently beaten Chelsea and Arsenal, moved up four places to 12th and should now be safe from relegation after a sixth win in eight games.

April 23, 2017 17:26 UTC

NBR: Upcoming budget to be investment-friendly

NBR Chairman Md Nojibur Rahman has said the upcoming budget would be pro-people and investment-friendly. “We have received a number of directives from Prime Minister Sheikh Hasina for the upcoming budget. The revenue boss noted that the upcoming budget would specially focus on generating employment in the country. Referring to the new VAT law which is going to be effective from July 1, he said it would be much more business and investment-friendly. The canal, however, has now become choked with solid waste and filth, he added, calling for an allocation of special fund in the upcoming budget to protect the century-old business hub.

April 23, 2017 17:15 UTC



Grameenphone posts 65% growth in data revenue

Grameenphone Ltd has earned 64.9% growth in data revenue while its voice revenue grew by 7.1% for the first quarter of 2017. The operator reported a revenue of Tk3,060 crore, an 11.1% growth from the same period last year, Grameenphone said at a press release. In his statement, GP CEO Petter Furberg said the company passed a good quarter with healthy performance to start the year. The company also acquired 0.7 million internet users during the period, taking the quarter-end base to 25.2 million. According to Dilip Pal, CFO of Grameenphone, the phone company reported healthy earnings driven by top-line growth and operational efficiency initiatives.

April 23, 2017 17:03 UTC

City council holds regular meeting Monday

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April 23, 2017 17:03 UTC

Mourinho focused more on Europa League than City derby

United's 2-0 win at Burnley in the Premier League on Sunday brings them within a point of fourth-placed City ahead of the derby clash at the Etihad Stadium. Asked about the chance to overtake City with a win in the derby, the Portuguese said: "But if we beat Celta we go to the final. "Yes it is important for us to play in the Champions League but this club wants trophies. We have a 25 percent chance to win the Europa League and we have to put everything on it. Having lost top scorer Zlatan Ibrahimovic to a serious knee injury in Thursday's Europa League win over Anderlecht, Mourinho was particularly pleased with the way Anthony Martial played in attack.

April 23, 2017 17:03 UTC

Trump pressures Democrats on Obamacare to get border wall deal

In a second tweet, he added: "The Democrats don't want money from budget going to border wall despite the fact that it will stop drugs and very bad MS 13 gang members." Mulvaney and White House Chief of Staff Reince Priebus played down the danger of a shutdown. In a tweet on Saturday, Trump promised a "Big TAX REFORM AND TAX REDUCTION will be announced next Wednesday." "The Democrats do not support the wall," House Democratic leader Nancy Pelosi told NBC's "Meet the Press. "To think that he would consider shutting down the government of the United States of America over this outlandish proposal of a border wall ... that would be the height of irresponsibility," he told CNN's "State of the Union."

April 23, 2017 16:52 UTC

Shutdown protesting ‘Romel murder’ goes peacefully in Rangamati

Paharhi Chhatra Parishad (PCP) or Hill Students Council and a committee formed in protest against Romel's death had called for the shutdown. Romel, general secretary of PCP Naniarchar Upazila unit, died at Chittagong Medical College Hospital on Apr 19 after his arrest at the Upazila on Apr 5. PCP claims law enforcers whisked away the HSC test candidate without any arrest warrant and tortured him brutally leading to his death. It also claims law enforcers snatched away the body from his family and burnt it without any religious ritual. Rangamati Superintendent of Police Md Torikul Islam said additional police forces were deployed across the town and no untoward incident was reported.

April 23, 2017 16:52 UTC

Arsenal beat City to reach FA Cup final with Chelsea

Arsenal had to come from behind after Sergio Aguero scored his 30th goal of the season for City in the 62nd minute, racing away on to a pass from Yaya Toure. Spanish international Nacho Monreal equalised nine minutes later, from a cross by Arsenal's other wing back Alex Oxlade-Chamberlain. In the 11th minute of extra time, just after Aguero was taken off, Alexis Sanchez scored the winner. The result gave manager Arsene Wenger, an FA Cup winner six times, a welcome boost in a season that many supporters would like to be his last at the club. Pep Guardiola's record of having won at least one trophy in every one of his seasons as a manager is almost certain to be ended.

April 23, 2017 16:46 UTC

German foreign minister to press Israel for two-state solution

Gabriel's visit, his first since becoming foreign minister in January, comes as German concerns about Israeli settlement building have dragged ties to their lowest point in years. "We think it's necessary to make another attempt to revive talks and negotiations in the framework of the Middle East process." Lack of progress on the Israeli-Palestinian conflict poses a long-term threat to Israel, Norbert Roettgen, head of Germany's parliamentary foreign affairs committee, told broadcaster Deutschlandfunk on Sunday. Peace talks between Israel and the Palestinians have been frozen since 2014 and settlements are one of the most heated issues. An estimated 250,000 to 500,000 Jews live in Germany, and attitudes toward Jews have improved dramatically since the 1990s.

April 23, 2017 16:41 UTC

Neymar to miss Clasico, Barcelona confirm

Barcelona lodged an appeal to the court of arbitration earlier, asking it to reach a decision over the availability of Neymar, who is serving a three-match suspension, before Sunday’s game. Expressing surprise over the lack of TAD’s clarity on the matter, Barcelona said they would focus on the crucial tie in a statement on Sunday. Neymar was handed a three-match suspension after being sent off against Malaga on Apr 15 as the Brazilian star sarcastically applauded the referee’s decision. Barcelona lost the game 2-0. Barca are three points behind Real in second place, but the Los Blancos [31] have a game in hand.

April 23, 2017 16:41 UTC

Trump heads into tough week with budget, health care battles

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April 23, 2017 16:41 UTC

Rooney scores on return as United close in on City

The win moved United (63 points) to within a point of fourth-placed Manchester City ahead of the pair’s derby clash on Thursday and extended United’s unbeaten run in the Premier League to 23 matches. After a week in which United lost top scorer Zlatan Ibrahimovic and Argentine defender Marcos Rojo to serious knee injuries, the return of Rooney to the side and to scoring form was a much need tonic. Mourinho said was delighted with the way his players responded after their extra-time win against Anderlecht in the Europa League on Thursday. Then Rooney was found on the left by Jesse Lingard but his lofted shot sailed just over the bar. United, happy to manage the game, had come close to a third in the latter stages when Pogba fired just wide of Heaton’s right-hand post after a strong run from midfield.

April 23, 2017 16:18 UTC




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