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BGMEA, Helen Keller Collaborate to Enhance Eye Health in Bangladesh

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In a dedicated endeavor to uplift the well-being of garment workers in Bangladesh, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has embarked on a strategic initiative. Recognizing the pivotal role of health and well-being in the sustained growth and reputation of the Ready-Made Garment (RMG) industry, BGMEA has forged a partnership with Helen Keller, a global organization committed to preventing blindness and promoting eye health. According to a recent press release, this collaboration aims to deliver comprehensive eye care services to the garment workers.

The commitment to this noble cause was evident during an inception workshop held at the BGMEA Complex, where representatives from BGMEA and Helen Keller expressed their dedication to implementing the eye care initiative. The primary focus of this collaboration is to provide primary eye care services, encompassing basic eye examinations, prescription glasses, and referrals for more complex eye disorders.

BGMEA President Faruque Hassan, speaking at the workshop, praised the collaboration, highlighting its potential to significantly improve the eye health of garment workers. He emphasized that offering eye care services extends beyond physical well-being, playing a crucial role in enhancing workplace productivity, safety, and overall job satisfaction.

Hasina Akhter, the country director of Helen Keller International, Bangladesh, emphasized the significance of the eye care initiative, underscoring how improved vision and eye health directly contribute to heightened productivity and better quality of work.

The workshop witnessed the presence of key figures from both BGMEA and Helen Keller, including Rakibul Alam Chowdhury (Vice President, BGMEA), Neela Hosna Ara (Director in Charge of Health Projects, BGMEA), Sheikh H.M. Mustafiz (Chairman, Standing Committee on Sustainability, BGMEA), and Wasim Zakariah (Chairman, Standing Committee, SDGs, BGMEA).

Distinguished individuals from various organizations also attended the meeting, including Prof Ava Hossain (Director, OSB Hospital), Prof Dipak Nag (Secretary General, OSB), Dr. Munir Ahmed (Country Director, Orbis International), Amrita Rejina Rozario (Country Director, Sightsavers), Misha Mehjabeen (Country Director, Vision Spring), Saiqa Siraj (Country Director, Nutrition International), Dr. Rudaba Khondker (Country Director, GAIN), Prof Nahid Ferdousi (Founder, KHEA Foundation), and Dr. Afsana Habib Sheuly (Head of Nutrition and Health, Helen Keller).

Earlier, BGMEA and Helen Keller formalized their commitment through the signing of a Memorandum of Understanding (MoU) to provide eye care services to garment workers. As part of this initiative, clinicians at five BGMEA-affiliated health facilities will undergo training, equipping them with the necessary tools to deliver effective eye care services. A key aspect of this collaboration involves assessing the impact of improved eye health on workers’ productivity, reaffirming the commitment of both organizations to fostering a healthier and more sustainable working environment.

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China’s economy grew less than expected in second quarter: official data

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China’s economy grew 4.7 percent year-on-year in the second quarter of 2024, official data showed Monday, less than analysts had expected.

“By quarter, the GDP for the first quarter increased by 5.3 percent year on year and for the second quarter 4.7 percent,” Beijing’s National Bureau of Statistics (NBS) said in a statement.

The figures were much lower than the 5.1 percent predicted by analysts polled by Bloomberg.

Retail sales — a key gauge of consumption — also slowed to just two percent in June, the NBS said, down from 3.7 percent in May.

The world’s second-largest economy is grappling with a real estate debt crisis, weakening consumption, an ageing population and trade tensions with Western rivals.

Top officials are meeting in Beijing on Monday for a key plenum, with all eyes on how they might kickstart lacklustre growth.

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Concerns Mount Over Revenue Loss as South Asia’s Largest Land Port Curtails Operations

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Bangladeshi officials are grappling with fears of revenue loss as the largest land port in South Asia, situated along the India-Bangladesh border, has ceased operations for 10 hours each day since July 11.

The Petrapole Land Port in India, crucial for trade between the two nations, has been shutting down from 6 PM to 8 AM daily, without providing any explanation for the closure, according to officials from the Benapole Land Authority in Bangladesh. This unexpected halt has left Bangladeshi authorities and traders in a state of uncertainty, as there is no indication of when the operations might resume to normalcy.

Industry insiders warn that this disruption could lead to a significant revenue shortfall at Benapole port due to decreased imports, adversely affecting Bangladeshi importers with delayed product deliveries.

Rezaul Karim, Director of Traffic at Benapole Land Port Authority, emphasized that while Benapole has been maintaining 24-hour operations, Petrapole’s recent restrictions are hindering cargo truck movements after evening.

“We have inquired with the Petrapole port authority about the reasons for halting trade services after evening. They responded that the matter is under discussion with relevant authorities,” Karim said.

Sultan Mahmud Bipul, Secretary of Benapole C&F Agent Association International Checkpost Affairs, highlighted the fiscal implications of this disruption. “Benapole port has set a revenue target of Tk6,705 crore from imported goods for the fiscal year 2024-25. If the 24-hour import facility remains discontinued, it will severely impact our revenue targets,” he noted.

Ziaur Rahman, General Secretary of Benapole Landport Importers and Exporters Association, pointed out the severe impact on trade, particularly with perishable goods. “Traders dealing with perishable food products are incurring the biggest losses due to this halt. The inability of goods trucks to enter after evening will widen the trade deficit,” Rahman remarked.

As the situation unfolds, the Benapole Land Port Authority and associated trade bodies continue to seek clarity and resolution from their Indian counterparts to mitigate the economic repercussions of this operational disruption.

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DCCI Urge Streamlined Tax Mechanisms for Enhanced Compliance, Reduced Costs

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The Dhaka Chamber of Commerce and Industry (DCCI) has called on the government to simplify tax procedures to foster better comprehension, ease compliance, and minimize time, effort, and expenses.

“Corporate tax calculations should adhere to accounting standards, and compliant businesses should occasionally receive incentives,” stated Ashraf Ahmed, DCCI President, during a workshop on “Customs, VAT, and Income Tax Management” held at the DCCI office in the capital, according to a press release issued today.

The workshop was organized by DCCI to inform professionals from its member organizations about recent amendments in relevant laws as outlined in the 2024-25 budget.

Prominent Speakers and Insights
The event featured key presentations by Md Zakir Hossain, Commissioner of Customs, Excise, and VAT Commissionerate, Dhaka East; Snehasish Barua, FCA, Adviser to the DCCI Standing Committee on Customs, VAT, and NBR-related issues; and MBM Lutful Hadi, FCA, Vice-president of ICAB.

Ashraf Ahmed emphasized that automation would diminish discretionary measures and curb leakages. He asserted that compliant businesses encounter fewer hassles, adding that a transparent and accountable revenue system would expand the tax base while reducing complications.

Ahmed further highlighted the positive aspects of the VAT Act, Income Tax Act, and Customs Act, urging their practical application.

VAT Act Amendments and Revenue Goals
Md Zakir Hossain clarified that no major changes were introduced in the new VAT Act, but two procedural adjustments were made for the NBR. He acknowledged that to meet increased revenue collection targets, pressure on all taxpayers, including VAT-paying companies, would rise slightly. He encouraged businesses to familiarize themselves with the VAT Act to benefit from existing rebate facilities.

Snehasish Barua noted that the NBR’s revenue collection target for the current fiscal year is Tk4.8 lakh crore, a 17 percent increase from the previous year. He advocated for reducing import duties to stimulate industrialization and economic growth, stressing the need for a sustainable revenue system in light of the country’s economic conditions.

MBM Lutful Hadi urged the government to properly implement the new Customs Act, designed to lower business costs. He underscored the importance of ensuring a sustainable revenue framework.

Workshop Participation and Key Takeaways
Approximately 90 representatives from DCCI member organizations attended the workshop, gaining a clear understanding of the new rules and procedures to aid their respective entities in lawful calculations.

DCCI Vice-president Md. Junaed Ibna Ali, Directors Kamrul Hasan Tuhin, and M. Mosharraf Hossain were also present during the event.

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