Business

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Faruque Hassan has urged the American Apparel and Footwear Association (AAFA) to promote Bangladesh as the safe and sustainable apparel-sourcing destination among its members. He also encouraged them to source more garments including non-cotton items from Bangladesh, reports UNB. BGMEA President Faruque Hassan and Vice President Miran Ali met with Stephen Lamar, President ...

The Embassy of Bangladesh hosted a roundtable on Friday ( Sept 10) in Washington, D.C. to brief the US government and relevant stakeholders on the ongoing efforts to improve factory safety and workers’ welfare in the readymade garment industry in Bangladesh and encourage more US import of Bangladeshi readymade garments. The event was organized by leveraging the presence of Mr. ...

Amazon has offered to cover the cost of college tuition of all 750,000 of its frontline workers in the US. It comes as the online shopping giant struggles to attract and retain staff amid an industry wide labour shortage, reports BBC. The firm said it would invest $1.2bn in the scheme, with workers able to access the annual funding for ...

South Korean Ambassador to Bangladesh Lee Jang-Keun called on Dhaka Chamber of Commerce and Industry (DCCI) Presidetn Rizwan Rahman on Thursday at DCCI building. They discussed scopes for boosting bilateral trade and Korean investment in Bangladesh. DCCI President Rizwan Rahman said there had been a steady increase in bilateral trade between the two countries which currently stands at approximately $ ...

Microsoft founder Bill Gates’ investment fund reached a deal to acquire a controlling stake in the luxury hotel chain Four Seasons for $2.2 billion, the companies announced Wednesday. Under the deal, Cascade Investments, a private investment firm holding Gates’ assets, will increase its holding in Four Seasons Hotel and Resorts to 71.25 percent from 47.5 percent by purchasing half of ...

Japan should strive for a new form of capitalism to reduce income disparity that has worsened under the coronavirus pandemic, says former foreign minister Fumio Kishida who hopes to become leader of the ruling party and next prime minister. Kishida is the only Liberal Democratic Party (LDP) member to announce his candidacy in a leadership vote on Sept. 29, after ...

A court in China has dropped a case against a former Alibaba employee accused of sexual assault. The district court in north-eastern Shandong province said the “forcible indecency” committed by the man, identified as Wang, was not a crime. The employee was arrested last month after a female employee of Alibaba said she was sexually assaulted on a business trip. ...

A gang of robbers introducing them as police looted gold ornaments and cash taka from 18 shops in Savar’s Ashulia early Monday keeping the employees hostages at gunpoint. Local people said around hundred people, by two boats, entered Noyarhat Bazar at about 1am. They looted gold ornaments and cash taka breaking locks of the shops. Md Babul, in-charge of the ...

China held a test run of a new overland trade route with Myanmar last month, in a show of support for its neighbour that has been hit with Western sanctions after a coup this year, the South China Morning Post reported. Around 60 containers were sent in the first trial of the China-Myanmar corridor last month, the Post reported. The ...

A Bangladesh Police inspector who is a ‘patron’ of e-commerce firm, e-orange, was arrested on Friday by the Indian Border Security Force (BSF) on charge of trespassing. Officer-in-charge (Investigation) Sohel Rana of Banani Police Station was arrested at Chenrabandha border of Coachbihar district in West Bengal. An India newspaper reported on Saturday that BSF personnel on Friday arrested Bangladesh national ...