30Dec
30Dec
Bangladesh’s ship recycling yards will receive $1.364m investment from Norway to improve eco-friendliness
Summary: Norway's government will invest $1.364 million to transform Bangladesh's shipbreaking yards into eco-friendly facilities. This project aims to protect the environment by reducing pollution in the ship breaking industry. Content: The Ministry of Industries, the Norwegian government, and the International Maritime Organization (IMO) are collaborating on a...
30Dec
A new wage structure for RMG will come into effect from 1st December, according to State Minister for Labour & Employment
Summary: The new wage structure for the readymade garment workers is expected to be finalized by the 30th of November, according to Begum Monnujan Sufian, the State Minister for Labour and Employment. The new structure will become effective from the 1st of December this year. The...
30Dec
Beyond 2026, Bangladesh is set to continue receiving trade benefits
Summary: WTO member nations have successfully reached an agreement to provide support to Bangladesh and other least developed countries (LDCs) as they progress towards graduation. Starting November 2026, Bangladesh will continue to receive trade benefits even after it graduates from the list of least-developed countries. However,...
30Dec
In the fiscal year 2023, loans worth Tk 7,319 crore were written off.
Summary: Banks in the country wrote off over Tk 7,319 crore in bad loans during the financial year 2022-23 to reduce their defaulted loans and improve the state of their balance sheets. However, the recovery process for such loans was not good, which resulted in an...
30Dec
Loan write-offs have increased by over three times during the first six months of 2023
Summary: In the first half of this year, banks wrote off loans three times more than the same period in the previous year. This indicates that banks are facing a growing number of defaults and financial challenges from borrowers, which could have serious implications for the...
20Dec
Celebrating Supreme Court day on December 18th: Recognizing the Supreme Court’s Legacy of Justice
On 18th December 2023, the day of its inauguration in 1972, our Supreme Court celebrated its Supreme Court Day. We at Rahman's Chambers joined them on this momentous occasion, acknowledging their unwavering commitment to upholding the rule of law and safeguarding the rights of all...
21Nov
Congratulations to our client IHI Corporation and Partners on the official inauguration of the commercial production of the first unit of the Matarbari Power Plant
Congratulations to our client, IHI Corporation, and its consortium partners, Sumitomo Corporation and Toshiba Corporation, on the official inauguration of the commercial production of the first unit of the Matarbari Power Plant in Bangladesh! This is a landmark achievement for Bangladesh, as it is the country's...
21Nov
Congratulations to China Road and Bridge Corporation on the opening of the Patenga Container Terminal
Congratulations to our client, China Road and Bridge Corporation, on the opening of the Patenga Container Terminal in Chattogram, Bangladesh! We are proud to have acted as CRBC's retainer on this landmark project, which is one of the largest and most important infrastructure projects in Bangladesh. The...
12Nov