The minimum wage structure declared by the government for the garment workers is yet to be implemented at all factories, though four months have already elapsed after declaration of the award. The apparel owners, however, said they have plans to implement the minimum wage structure within two to three months, BGMEA sources said. As per the data of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the apex body of the apparel makers, around 85 garment factories implemented the minimum wage structure for the workers. The BGMEA leaders said that the rest of the factories will implement the new wage structure within two or three months as what they said the sector... more ›
The total unpaid domestic work carried out by women in Bangladesh is equivalent to 10.75 percent of the gross domestic product (GDP) of the country. The nation-wide survey based estimate of women domestic work in Bangladesh, first of its kind in the country reveals that the total unpaid work per year might be equivalent to Tk 1,115,914.8 million or $ 14.45 billion. The total GDP of the country was Tk 1,037,990 crore in the FY 2012-13. The Unnayan Onneshan (UO), an independent multidisciplinary think-tank, reveals this on Friday in connection with the International Women’s Day. The leading research organisation estimates that the total engagement of women domestic work in Bangladesh might be... more ›
The Rural Electrification Board (REB) on Wednesday received Tk 136 crore rebate as to compensate its tariff loss for supplying electricity at 20 percent concession for irrigation, a top official said. The REB has sought Tk 153.44 crore rebate as to compensate its tariff loss for supplying electricity at 20 percent concession for irrigation, REB Chairman Moin Uddin told Daily Sun. The REB officials at a meeting on January 27, 2014 last sought the rebate from the Finance Division through the Power Division. “We are supplying electricity at Tk 3.89 per unit to 1.89 lakh of our consumers for irrigation against the purchasing cost of Tk 4.26 a unit from the Bangladesh... more ›
The prices of different brands of edible oil and maida (refined flour) fell on the retail markets in the capital on Friday, over the rates of last week, thanks to sufficient supply of the items. The prices of edible oil decreased at the retail levels as there was sufficient supply of the item, Abdur Rashid, a retailer at the Karwan Bazar kitchen market told Daily Sun on Friday. In the market, Teer brand edible oil of five litre was selling at Tk 575 while it was Tk 590 in the last week. Five litre Rupchanda brand was selling at Tk 590 against Tk 600 last week. The price of maida (packed) went... more ›
RAJSHAHI: Speakers on Friday urged the branch managers of Rajshahi Krishi Unnayan Bank (RAKUB) to build capacity for creating clients-friendly atmosphere alongside attaining success in their banking profession. They also asked them to gain professional skills as it is inevitable for attaining success in the banking sector for overall socio economic development of the region. They were addressing the closing and certificate-giving ceremony of a five-day training course styled “Capacity Building of Branch Managers” held at the bank’s training institute here. RAKUB Managing Director Mofazzal Hossain addressed the session as the chief guest while Deputy Managing Director Dr Nazmul Bari spoke as special guest with principal of the institute Mozammel Haque in... more ›
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