American Apparel—the controversial retailer known for its outspoken CEO and its provocative advertisements—has unveiled its latest campaign. The ad features a topless model of South Asian descent, with the words ‘MADE IN BANGLADESH’ boldly printed across her chest and a detailed account of her background.
“[Maks] is a merchandiser who has been with American Apparel since 2010. Born in Dhaka, the capitol of Bangladesh, Maks vividly remembers attending mosque as a child alongside her conservative Muslim parents. At age four, her family made a life changing move to Marina Del Rey, California. Although she suddenly found herself a world away from Dhaka, she continued following her parent’s religious traditions and sustained her Is...
India has asked Bangladesh to open direct sea routes between the two countries to boost bilateral trade, which is being hampered by congestion at the land customs stations on both sides. India aims to increase cargo to Bangladesh.
According to sources, the Department of Commerce has asked Directorate General of Shipping to work out a mechanism on how the plan could work out. To initiate the process, ships have to be certified by both the sides so that they can operate in each other’s territorial waters, a senior commerce department official told Business Standard.
“We have asked DG Shipping to work out a protocol with Bangladesh on our regulatory requirements. We have to certify their ships and they will have to do the same...
Bangladesh's annual inflation cooled in February for the first time since November, the Statistics Bureau said on Thursday, as political turmoil eased after an election in January, but it could go up again once electricity tariffs are raised.
Inflation eased to 7.44 percent in February from 7.50 percent a month earlier, as non-food prices fell.
Food prices were 8.84 percent higher than a year earlier in February, a touch higher than January's 8.81 percent rise.
In contr...
The foreign exchange reserves of the country stood at an all-time high of $19.15 billion at the end of February, $1.03 billion more than the earlier record set in January, and more than 38 percent higher than a year earlier, the central bank said on Sunday.
The higher reserves, which stem from a widening current-account surplus, are enough to cover more than six months of imports. At the end of February 2013, reserves totalled $13.85 billion.
Rising exports and slowing imports have helpe...
Experts and BB officials said that the narrowed trade gap would not put much positive impact on the country’s macro-economic situation as the imports ...
