Bangladesh and Vietnam Friday expressed the firm desire to continue strengthening the bilateral relation and cooperation on a wide range of areas including economy, investment, agriculture, information, food security, communications, politics, security and defense.
The desire was expressed by top leaders of the two countries- visiting Bangladesh Prime Minister Sheikh Hasina and Vietnamese Prime Minister Nguyen Tan Dung at a joint press conference at the latter's office Friday afternoon after signing of two agreements and two MoUs between the two countries.
Bangladesh and Vietnam signed two agreements and two Memoranda of Understanding (MoUs) in the fields of fisheries and livestock, in agriculture, in promoting trade and to establish Business Councils by both the countries.
Bangladesh Economy
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Nov 3, 2012
Oct 23, 2012
1 Lakh Jobs Every Year in Malaysia
The cabinet of Bangladesh approved a proposal on Oct 22 for signing with Malaysia a MOU with a view to sending 1 lakh workers every year to Malaysia through government to government level, reports UNB. The government has moved one step forward in sending workers to Malaysia that will cost job seekers a maximum of Tk. 40,000 each to get a job in the country.
The meeting approved a proposal for the signing of a Memorandum of Understanding (MoU) on Employment of Workers with Malaysia. The MoU is likely to be signed on November 9 in Kuala Lumpur after endorsement from the cabinet of Malaysia that resumes recruitment in a few months under the arrangements, ending a nearly four-year ban.
Earlier in 2006, the Bangladesh government fixed the cost at Tk 84,000 each for jobs in Malaysia. But the jobseekers had to spend around Tk 2 lakh each due to the corrupt practices of private recruiting agencies and brokers. And this led to labour exploitation and the ban on recruitment in 2009.
Primarily, the job contract will be for a period of two years. Later, it will be renewed for another two years and finally for one year. Each renewal will be made three months prior to the expiry of the contract so that the workers are not harassed.
Before being sent to Malaysia, the workers will be given 10 days' training by Bangladesh's Bureau of Manpower Employment and Training (BMET). BMET will do visa processing and ticket collection while IOM will conduct medical check-up of the workers, the cabinet secretary said.
The meeting approved a proposal for the signing of a Memorandum of Understanding (MoU) on Employment of Workers with Malaysia. The MoU is likely to be signed on November 9 in Kuala Lumpur after endorsement from the cabinet of Malaysia that resumes recruitment in a few months under the arrangements, ending a nearly four-year ban.
Earlier in 2006, the Bangladesh government fixed the cost at Tk 84,000 each for jobs in Malaysia. But the jobseekers had to spend around Tk 2 lakh each due to the corrupt practices of private recruiting agencies and brokers. And this led to labour exploitation and the ban on recruitment in 2009.
Primarily, the job contract will be for a period of two years. Later, it will be renewed for another two years and finally for one year. Each renewal will be made three months prior to the expiry of the contract so that the workers are not harassed.
Before being sent to Malaysia, the workers will be given 10 days' training by Bangladesh's Bureau of Manpower Employment and Training (BMET). BMET will do visa processing and ticket collection while IOM will conduct medical check-up of the workers, the cabinet secretary said.
Oct 22, 2012
India-Bangladesh Ties in Need of Fresh Momentum
Despite the general optimism surrounding current India-Bangladesh relations, the momentum in bilateral ties between the two neighbours appears to be slowing down, reports in The Time of India. Last week's two-day home secretary-level talks in Dhaka once again saw both sides kick the can down the road on vital issues.
With general elections in Bangladesh only a year away, the Awami League-led government in Dhaka is getting jittery. Notwithstanding New Delhi's political compulsions, there is an urgent need to infuse the India-Bangladesh relationship with fresh energy and work towards concrete results.
India is developing infrastructure in its border areas to increase trade with neighboring countries, said yesterday Pankaj Saran, the Indian high commissioner to Bangladesh, reported in The China Post.
The move comes on the back of India's decision to open up its economy to its neighbors, Saran said.
Saran spoke at a seminar, “Prospects of Sub-Regional Cooperation involving Bangladesh, India, Nepal, Bhutan and Myanmar,” organized by the India-Bangladesh Chamber of Commerce and Industry at the capital's Ruposhi Bangla Hotel.
With general elections in Bangladesh only a year away, the Awami League-led government in Dhaka is getting jittery. Notwithstanding New Delhi's political compulsions, there is an urgent need to infuse the India-Bangladesh relationship with fresh energy and work towards concrete results.
India is developing infrastructure in its border areas to increase trade with neighboring countries, said yesterday Pankaj Saran, the Indian high commissioner to Bangladesh, reported in The China Post.
The move comes on the back of India's decision to open up its economy to its neighbors, Saran said.
Saran spoke at a seminar, “Prospects of Sub-Regional Cooperation involving Bangladesh, India, Nepal, Bhutan and Myanmar,” organized by the India-Bangladesh Chamber of Commerce and Industry at the capital's Ruposhi Bangla Hotel.
WB Downsizes BD's Economic Growth Rate
The World Bank (WB) downsized Bangladesh's economic growth forecast to around 6.0 per cent from the government's projection at 7.2 per cent with the sharp fall in the growth rate attributed mainly to the domestic investment constraints and the weak external demand.
“The real GDP growth in FY (fiscal year) 13 is projected at around 6%. We hope that a healthy growth trend would continue in the current fiscal despite various constraints as there’s a sign of improvement in macroeconomic management,” said Zahid Hussain, senior economist, at the World Bank.
He was presenting the ‘Bangladesh State of the Economy Outlook’ at a press conference at its office in Dhaka.
“The real GDP growth in FY (fiscal year) 13 is projected at around 6%. We hope that a healthy growth trend would continue in the current fiscal despite various constraints as there’s a sign of improvement in macroeconomic management,” said Zahid Hussain, senior economist, at the World Bank.
He was presenting the ‘Bangladesh State of the Economy Outlook’ at a press conference at its office in Dhaka.
Oct 20, 2012
Banking On Eradicating Poverty: BBC
Nobel Prize winner Prof Muhammad Yunus from Bangladesh spends much of his life travelling the world, furthering his work aimed at moving towards eradicating poverty, said in a report of BBC news.
This week his focus will be in Scotland, where he is due to be welcomed as Glasgow Caledonian University's new chancellor. Prof Yunus is one of the most influential pioneers of micro finance.
His new university role comes as plans advance for the opening of the first Scottish branch of the Grameen Bank, which he founded many years ago. In her corner office, Glasgow Caledonian University Principal Prof Pamela Gillies is explaining how she sees the possibilities offered by the bank.
"I think this is going to be one of the biggest public health interventions in Scotland since the banning of smoking in public places," she says.
This week his focus will be in Scotland, where he is due to be welcomed as Glasgow Caledonian University's new chancellor. Prof Yunus is one of the most influential pioneers of micro finance.
His new university role comes as plans advance for the opening of the first Scottish branch of the Grameen Bank, which he founded many years ago. In her corner office, Glasgow Caledonian University Principal Prof Pamela Gillies is explaining how she sees the possibilities offered by the bank.
"I think this is going to be one of the biggest public health interventions in Scotland since the banning of smoking in public places," she says.
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