Category: Economic

Garment owners will either not pay workers or go to jail: Labor advisor

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DeskReport All outstanding salaries and allowances of garment workers must be paid by May 28 before the upcoming Eid al-Adha, otherwise legal action will be taken against the garment owners concerned, and they may even have to go to jail. Brigadier General (Retd) Dr. M Sakhawat Hossain, Advisor to the Ministry of Labor and Employment, has given such a stern warning. He said that arrest warrants have already been issued against five garment owners. They will not be able to go outside the country, let alone outside Dhaka. The advisor…

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There is nothing to be afraid of about US tariffs: Debapriya Bhattacharya

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DeskReport Dr. Debapriya Bhattacharya, Honorary Fellow of the Dhaka-based think tank Center for Policy Dialogue (CPD), said, “There is nothing to fear as much as we are afraid of the US tariffs. Because, in the trade economy, there is no such thing as the ultimate enemy.” He said this at a seminar titled ‘US Reciprocal Tariffs and Bangladesh’s Action Plan’ organized by the Dhaka Chamber of Commerce and Industry (DCCI) on Saturday. Dr. Debapriya presented the keynote address at the seminar held at the DCCI Auditorium. At that time, he…

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Kaiser A. Chowdhury is the chairman of AB Bank

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DeskReport Eminent banker Kaiser A. Chowdhury has been elected as the Chairman of the Board of Directors of AB Bank at its 813th Board Meeting. A. Chowdhury has extensive experience as a CEO and member of the Board of Directors of various banks and financial institutions. He started his career in ANZ Grindlays Bank in 1975. He held various important positions in the bank for 24 years. Later, he served as CEO of One Bank from 1999 to 2004 and AB Bank from 2005 to 2012. He also served as…

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250,000 customers are roaming around for money

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Economic Desk: 250000 customers are roaming Md. Alam Mia, from Mahiganj East Khasbagh area of ​​Rangpur, is a grocer by profession. He used to run his family somehow with the income he earned. However, he had no savings. Thinking about a secure future, he took out a 12-year insurance policy with Fareast Islamic Life Insurance 15 years ago. Even though the insurance policy expired three years ago, he did not receive the money. 53-year-old Alam is now traveling between Rangpur and Dhaka for money. It has been alleged that Fareast…

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