Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Wednesday, June 6, 2018 11:13:01 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Government must be liable for the billions of dollars flying out of the country

By
07th-Jun-2018       
Comments
Share your thought
Post a comment »
Read all () »

AT least 2.36 billion US Dollars are flying out of the country every year through the hands of some 34,340 expatriates working in Bangladesh. The expat foreigners who get the said amount in salary and allowances are mainly top level managers and administrators - mostly catering to the needs in the textile sector. The remittance flowing out of the country is about one-eighth of what Bangladeshi expatriates send to the country. An unpublished study report of Dhaka University and The Centre of Excellence of BGMEA presumed that actual figure will be much higher as did not take foreigners working in buying houses and other garment-related organisations into account.
However, the question automatically arises: despite being one of the top exporters of RMG products in the world why are we failing to educate and groom world class managers? Be it a - manager or a textile broker - why can't we get quality service from our mid to top level employees?
Not that we don't have good quality institutions and faculties, however, either it's the quality of local education or the students where the shortfalls are definite. Also there are necessary and also needless dependencies on foreign managers in the country. Universities, technical institutions can provide textile and garments-related knowledge to around 25,000 to 30,000 people, which owners find 'insufficient' considering the requirement of the industry. Many of the weaknesses explained are actually true. Our students and future managers should also particularly emphasize on how to develop linguistic skills -- English or any other language.  
We think, this excessive dependency on foreigners has grown because of a typical national characteristic. Over the past decades the subsequent governments and the private entrepreneurs focused on increasing profit margins and export volumes. They never thought of complimenting needs - that means, developing the RMG infrastructure by establishing credible and reliable academic and training institutions.
The government must be liable for the incapability and failure. It is indeed a matter of grave concern, not because more than a couple of billion dollars are flying out of the country every year, but because the country has repeatedly failed to groom smart, educated and specialised top level managers.


Tariff
Add Rate

News Archive

Inside The New Nation

Back Page »

I'tikaf


Abdul Muqit Chowdhury :The days of Maghfirat (forgiveness) conclude with 20th day of fasting. The third part of Holy Ramzan, called Nazat (salvation) begins on the 21st. I'tikaf is a special worship and part of Sunnah. The period of I'tikaf begins before the sunset of the 20th Ramzan and it ...

Editorial »

Mega budget for raising false hope: No budget concession needed for fixing election


FINANCE Minister AMA Muhith is set to place a mega budget of around 'Tk 468,200 crore' in Parliament tomorrow for the fiscal year 2018-19 to mislead the people about hopeful progress. Those, who think that approaching election is a consideration for the budget -- is a misconception. Anybody, who also ...

Entertainment »

Deepika hits the new milestone


Known to be a global phenomenon, Deepika Padukone clocks 24 M followers on Instagram. To the fact that she is the most followed Asian Woman on Twitter, Deepika has continued to amass a huge fan following ever since her Bollywood debut. Owing to the actresses immense popularity across various platforms, ...

International »

Don`t spoil historic opportunity with N Korea


US Democrats on Monday urged President Donald Trump not to squander the "historic" opportunity of a face-to-face summit with North Korea's leader, as the lawmakers opposed any easing of sanctions without complete and verifiable denuclearization.Affirming their support for Trump's scheduled June 12 meeting with Kim Jong Un in Singapore, seven ...

International »

Israel calls for 'military coalition' if Iran boosts enrichment


AFP, Jerusalem  : Israel's intelligence minister called Tuesday for a military coalition against Iran if the Islamic Republic were to defy world powers by enriching military-grade uranium.Yisrael Katz's remarks came as Israeli Prime Minister Benjamin Netanyahu began visiting European leaders to discuss Iran's regional involvement and nuclear programme, both seen by ...

Business & Economy »

Prime Bank re-elects chairman


Business Desk :Azam J Chowdhury has recently been re-elected as the chairman of Prime Bank for a two-year term. Chowdhury is the chairman and owner of East Coast Group and the chairman of The Consolidated Tea & Lands Company Bangladesh Ltd, the bank said in a statement yesterday.He is the ...

City »

Environment and Forest Minister Anisul Islam Mahmud, among others, at a seminar organised on the occasion of World Environment Day by Bangladesh National Committee of IUCN Members at the Jatiya Press Club on Tuesday.


Cricket »

Former German soccer star Lothar Matthaus holds up the trophy during a ceremony to welcome the FIFA World Cup trophy at Manezh Square in Moscow, Russia on Sunday.


Editorial »

Take action against enlisted corrupt police officials and make anti-drug drive meaningful


A CONFIDENTIAL list prepared by the Prime Minister's Office (PMO) specified 16 Brahmanbaria police officials, including five Officers-in-Charge, to be involved in drug business, but the district police in their investigation found the accused 'innocent'. The confidential list was prepared based on intelligence report and later sent to the Home ...

Entertainment »

Chitrangda Singh goes for a trek vacation to Kashmir


Chitrangda who was shooting for Nikkhil Advani’s Bazaar took off some time from her busy schedule for a trek vacation. After a stretch of stressful work schedule, the actress finally decided to take out some time for a quick vacation to Srinagar with family and friends. For her quick vacation, ...

City »

BNP Standing Committee Member Abdullah-Al-Noman, among others, at a discussion on ' Multi-party Democracy: Shaheed Zia and Today's Situation' organised by Jatiyatabadi Projanmo '71 at the Jatiya Press Club on Monday.


International »

Putin says `fierce` US politics hindering summit with Trump


Reuters, Vienna :Russian President Vladimir Putin blamed political ructions in the United States for difficulties in arranging a summit with President Donald Trump, in remarks broadcast on Monday.Trump said in March the two leaders would meet soon. But since then already fragile ties between Washington and Moscow have been strained ...

Editorial »

Young jobseekers must be protected from fraudsters


Fake job advertisements in newspapers are making young job seekers fool in growing number. The Criminal Investigation Department (CID) of police picked up two fraudsters, including a private university student, from the capital in the recent past. Nazmul Hasan Sumon alias Mazharul and Tanvir Ahmed Jewel were arrested from Khilkhet ...

Football »

Mexico's Jonathan dos Santos (left) and Scotland's Dylan McGeouch vie for the ball during an international friendly soccer match at Azteca Stadium in Mexico City on Saturday.


City »

The rush for train tickets ahead of Eid is going on. This picture was taken from Kamalapur Railway Station yesterday


 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news