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Exports bounce back in Nov after two months of falls

Bangladesh exports rose 9.27 per cent in November from a year earlier to $2.4 billion, driven by an increase in garment exports and ending two straight months of declines, government data showed on Monday. export-importExports from July to November, the first five months of the financial year, inched up 0.92 per cent to $12 billion from a year earlier, the Export Promotion Bureau said. Readymade garments, comprising knitwear and woven items, fetched $9.69 billion in July-November, compared with $9.65 billion in the same period a y...

First round IFC financing to RMG safety improvements

VF Corporation (NYSE:VFC) and IFC, a member of the World Bank Group, today announced they have provided loans to three Bangladeshi garment factories under a new program for funding fire and building safety improvements. Bangladesh-rmg-workerThrough the financing arrangement, VF provides a full corporate guarantee for up to $10 million that the IFC and its partner BRAC Bank lend to VF’s contract suppliers. VF’s guarantee to back the loans makes it possible for IFC to lend at lower interest rates. This initiative helps ...

MoU between Brac Varsity, Cima

BRAC Business School, BRAC University and the Chartered Institute of Management Accountants (CIMA), UK signed a memorandum of understanding (MoU) at BRAC University on Tuesday, December 09, 2014. DSC_9495Vice Chancellor of BRAC University Professor Syed Saad Andaleeb and CIMA Regional Director Bradley Emerson signed the agreement on behalf of their respective organizations. Among others Pro-Vice Chancellor of BRAC University Professor Fuad Hassan Mallick, Country Manager of CIMA Zareef Tamanna Matin, Associate Professor Mohammad Rezaur Raz...

IBA clinch ‘Battle of Minds 2014’ award

Institute of Business Administration (IBA) of Dhaka University bagged the first prize of Battle of Minds-2014. The annual competition is a prestigious event of British American Tobacco Bangladesh in the recruitment of talented human resources in the industries. BOM-3Bangladesh University of Engineering and Technology (BUET) became the first runner up while Islamic University of Technology (IUT) bagged the second runner up award. BATB  Chairman,  Golam Mainuddin, and Board of Directors members Md. Mosharraf Hossain Bhuiyan, Secretary, Ministry...

Airtel powers 3rd Dhaka Comicon

Airtel Bangladesh Limited, the country’s most preferred youth brand, brings the 3rd Dhaka Comicon this year. The 3rd version of Bangladesh’s first ever comic book convention, titled ‘Dhaka Comicon 2014: The Age of Brilliance’ begins at the Chairmanbari field, Banani, in the capital tomorrow. airtel22This year the convention will last 3 days, bringing live art competitions, short film competitions, toy display museum, gaming events, cosplay competition and many other exciting activities including concerts with prominent artists to entertain the ...

US envoy seeks support for RMG’s transformation

US Ambassador to Dhaka Dan W Mozena has called the brands and buyers to keep up their unprecedented commitment of support to transform Bangladesh’s apparel sector. Mozena said, “Over the next three and a half years, you can do much to help Bangladesh set the global standard for the apparel industry,” adding that Bangladesh endeavours to bring the sector to standard for fire safety, factory structural soundness and respect for workers’ rights. The US envoy made the call while addressing a function ‘American Apparel and Footwear Association Summit Training Conference: Product Safety, Worker Safety, and Supply Chain Compliance’ at Bangabandhu International Conference Center in the city on Tuesday.
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