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Asia-Pacific garment industry suffers as COVID-19 impacts ripple through supply chain

BSS Photo: Collected The COVID-19 crisis has hit the garment sector in the Asia- Pacific region hard, with plummeting retail sales in key export markets affecting workers and enterprises throughout supply chains, according to a new research from the International Labour Organization (ILO). The supply chain ripple effect: How COVID-19 is affecting

Bangladesh Govt and WB sign $202m financing agreement for food storage facilities

Photo: Collected The Government and the World Bank yesterday signed a financing agreement under which the lending agency will provide $202 million additional financing for the “Modern Food Storage Facilities” project, reports BSS. The Economic Relations Division (ERD) Secretary Ms Fatima Yasmin and the World Bank Country Director for Bangladesh Mercy

Biden sets fundraising record with $383 mn in September

WASHINGTON (AFP) (AP Photo/Patrick Semansky) Joe Biden smashed his own monthly fundraising record by taking in $383 million in September for his presidential campaign, thanks mainly to a flood of donations after his first debate with President Donald Trump. Trump lagged far behind last month with $248 million. Besides the debate, a

BB asks MFS cos to inform clients about product charges

Photo: Collected Bangladesh Bank (BB) has instructed all mobile financial service (MFS) providers to inform their customers about type and charges of the products in details to ensure transparency of their services. “MFS companies should prepare ‘frequently asked questions’ and schedule of charges of their services, to be featured on both

Brac Bank wins award for the Financial Alliance for Women

BRAC Bank has again been named as the Access to Finance Champion by the Financial Alliance for Women. This is for the fourth consecutive time that BRAC Bank’s name was announced as winner in this category. The announcement came in the 2020 Alliance Summit held from October 6 to 8, 2020,

Momen seeks Thai investment in Special Economic Zones

BSS Foreign Minister Dr AK Abdul Momen yesterday sought Thai investment in the Special Economic Zones in Bangladesh where state of the art facilities and one stop services (OSS) are provided. The foreign minister made the urge as the outgoing ambassador of Thailand to Bangladesh Arunrung Phothong Humphreys paid a farewell call on