Fleetmoon: NYK Sends First Ship For Green Recycling in Bangladesh

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• The ship, called KAMO, was sold by NYK, and was beached at the company's facility in Chattogram on March 9th. The sale is seen as a positive development for the industry, which has come under fire in recent years due to concerns over working conditions, lack of protection for workers, and pollution.

• According to PHP's Managing Director, Mohammed Zahirul Islam, achieving these certifications required an investment of over $11 million and 12 years of intensive hard work. The ship recycling facility has 500,000 square feet of space at the edge of the Bay of Bengal, and has a capacity of 160,000 metric tons of Light Displacement Tonnage (LDT).

• More than 80% of shipbreaking yards in Bangladesh have been closed down in the past three years due to industry pressure stemming from environmental concerns, low prices, and inherent financial challenges due to Bangladesh's struggling economy. However, the certification obtained by PHP and other shipbreaking yards in the country could help to attract more business to the industry, especially as environmental standards become increasingly stringent.

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The Daily Star: A fresh climate change accord between Bangladesh and the UK

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• This week, the United Kingdom Minister for Asia Pacific Anne-Marie Trevelyan visited Bangladesh and signed a Climate Change Accord with the Bangladesh government to join forces to tackle climate change. The discussion for this accord started at the 2021 COP26 in Glasgow when Prime Minister Sheikh Hasina was present.

• As the UK and Bangladesh celebrate half a century of close bilateral relations, it is a good time to take this relationship to the next level by collaborating to tackle the joint global challenges of climate change and rising poverty.

The Business Standard: Gig economy to create significant new jobs: Mashiur Rahman

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• The gig economy will create a significant number of new jobs in Bangladesh, Prime Minister's Economic Affairs Adviser Dr Mashiur Rahman said today.

• As new technologies come out, people are becoming more interested in concepts such as "gig economy". Freelancers have initiated the trend of the gig economy in Bangladesh.

• Dr Zaidi Sattar, chairman of the Policy Research Institute of Bangladesh (PRI), presided over the session while BIISS Research Director Dr Mahfuz Kabir, Bangladesh Association of Contact Centre and Outsourcing (Bacco) President Wahid Sharif, Apex DMIT Ltd Founder and CEO Mike Kazi, among others, spoke at the event.

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The Business Standard: 'Beza will add $40b to the economy by 2030'

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• The government aims to establish 100 economic zones across the country by 2030 to achieve industrial self-sufficiency, decentralisation and 1 crore employment target. The Bangladesh Economic Zones Authority (Beza), established in 2010, is working towards that goal. Several economic zones have already been developed in which local and foreign companies have invested. Beza Executive Chairman Shaikh Yusuf Harun tells The Business Standard's Abbas Uddin Noyon and Jahir Rayhan about the latest developments and investment status of the economic zones.

• There are six types of economic zones, including public, private, public-private partnership (PPP), and government-to-government (g2g). These zones, except the government ones, are being developed according to demand.

• Two g2g zones with India are awaiting the start of work. We had our first negotiation meeting with the developer company for the Chinese Economic Zone. The Developing Eight (D8) Secretariat has proposed another one for member countries.