Peru to sign MoU to join China’s Belt and Road initiative

Peru will sign a memorandum of understanding to join China’s Belt and Road infrastructure initiative in coming days, China’s ambassador said on Wednesday, despite recent warnings from the United States about the Beijing’s rise in Latin America. Ambassador Jia Guide...

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has opposed a recent statement of Transparency International, Bangladesh (TIB) over implementation of wage structure for readymade garment workers.  The association claimed that the statement of not adjusting 5 per cent annual automatic increment with the basics of the new wage structure is not found true, reports BSS. "The accumulated impact of 5 per cent automatic annual increments yields an aggregated 27.63 per cent increment to the basics in all grades over 5 years, the actual increase by the minimum wage board was made at rates ranging from 28.7 per cent to 36.7 per cent,” a BGMEA press release said. “We would appreciate if TIB clarifies the methodology of their calculation,” the...

TCB starts Ramadan commodity sale

The state-owned Trading Corporation of Bangladesh (TCB) began the sale of essentials at subsidised rates across the country from Tuesday on the occasion of the holy month of Ramadan. “The TCB today started the commodity sale operation across the country,...