UNOPS and UN Women Collaborate to Promote Gender Development

Bangladesh's stake in the Islamic Development Bank (IsDB) has recently decreased from 1.008 to 0.952, following an increase in the bank’s capital. Currently, Saudi Arabia holds the largest stake in the IsDB, impacting Bangladesh's influence within the organization.

Japan is seeking to hire more skilled workers from Bangladesh, particularly for sectors like caregiving and agriculture. Following a meeting with the Japanese ambassador, it was emphasized that Japan needs foreign workers and is interested in employing Bangladeshi manpower. Key to securing these jobs is proficiency in the Japanese language, a requirement highlighted by the ambassador. Bangladesh is eager to meet this demand, training workers in both language and technical skills.

The president and chief executive officer of Policy Exchange Bangladesh, M. Masrur Reaz, highlighted that there is a significant skills gap in Bangladesh's labor force. This weakness is making the nation less competitive in the global market and prohibiting it from advancing toward its development objectives.

ServicEngine Limited has won its 10th National Export Gold Trophy in the computer software category, presented at a ceremony in Dhaka by Prime Minister Sheikh Hasina. This achievement highlights ServicEngine's global recognition,

A rising number of foreign nationals are seeking work permits in Bangladesh due to a shortage of skilled managers and an education system not aligned with industrial needs. In FY23, Bangladesh Investment Development Authority (Bida) approved 16,303 applications from 101 countries, an 8% increase from the previous year. Indians topped the list with 3,159 permits, followed by Chinese (2,339), Sri Lankans (759), and Belarusians (727).

Bangladesh's overseas employment sector has been significantly impacted by Malaysia's closure to foreign workers, resulting in a 58% drop in worker outflow in June compared to May, according to the Bureau of Manpower Employment and Training (BMET). The number of workers migrating from Bangladesh fell from 131,696 in May to 55,045 in June, reflecting the adverse effects of Malaysia's market shutdown since May 31, 2024.