CPD RMG Study Stitching a better future for Bangladesh
Every day, CPD RMG Study team reveals what’s on our economic and apparel radar and curates a selection of the best reports, opinion, and analysis you may have missed.
Bangladesh govt. set to buy re-gasified LNG
Bangladesh government has initiated two separate sales and purchase agreements (SPAs) to purchase 200 mmcfd each of imported re-gasified LNG from mid-2018. The signatories, Trafigura and the joint venture (JV) of Gunvor and Exmar, will supply the fuel at the jetties of the state-owned Chittagong Urea Fertilizer Company Ltd (CUFL) and multinational Karnaphuli Fertilizer Company Ltd (Kafco). Trafigura will supply re-gasified LNG for 10 years, while the JV of Gunvor and Exmar for five years as per the deals.
SNV Netherlands signs agreements to support Bangladeshi RMG workers
SNV Netherlands Development Organisation, a non-profit international development group, has signed six partnership agreements to work for the wellbeing of Bangladeshi RMG workers. In collaboration with the partners, including Bangladesh Institute of Labour Studies (BILS), ILO-Better Work Bangladesh, Dutch-Bangla Chamber of Commerce and Industry (DBCCI), Fair Wear Foundation (FWF), Phulki, Sajida Foundation and UCEP Bangladesh, SNV Netherlands will work with 200 garment factories through different mechanisms and platforms to ensure access to health facilities, including sexual and Reproductive Health and Rights (SRHR) of garment workers.
ADP implementation rate 20.11pc during July-November
Implementation rate of the annual development programme (ADP) during the July-November period of current fiscal year reached 20.11 per cent with an expenditure of Tk 32,997 crore. The rate was 19.13 per cent with an overall expenditure of Tk 23,594 crore during the same period in last fiscal year. In terms of monetary value the rate remained at all time high in July-November while the rate is also the highest among the last five years. But, the overall progress is not satisfactory as the agencies will have to spend the remaining 80 per cent or Tk 1,31,088 crore in next seven months.
