Bangladesh’s finance division recently disbursed Tk 2,700 crore in cash incentive for remittance and exports. Tk 1,000 crore would be paid at a 2 per cent rate for the remittance sent to the country between July and September of fiscal 2021-22. Of the rest, Tk 1,500 is for export of readymade garments, frozen foods and leather goods for the same period.The remaining incentive of Tk 200 crore would be paid for exports of jute and jute goods.The fund was released in favour of the Bangladesh Bank t

Economic relations between Bangladesh and France were affected last year by the COVID-19 pandemic. Bilateral trade last year came down to €2.76 billion, recording a fall of 15 per cent compared to 2019 figures, according to the embassy of France in Bangladesh. The total value of French imports from the country fell by 15 per cent in a year to reach €2.52 billion in 2020.French exports last year to Bangladesh decreased by 12 per cent compared to 2019, amounting to €238 million, the embassy said.R

Bangladesh Textile Mills Association (BTMA) strongly condemned the rumors regarding safety compliance in Bangladesh’s textile industry.In a statement issued by Mohammad Ali Khokon, President, BTMA some people were benefiting from a recent fire at a Narayanganj juice production plant by circulating rumors about textile mills.Figure: Mohammad Ali Khokon, President, BTMA strongly condemned the rumors regarding safety compliance in Bangladesh’s textile industry.They are spreading these rumors at bot

The Fast Retailing Group’s revenue and profit increased significantly in the first nine months with consolidated revenue rising to 1.6980 trillion yen, up 9.9 and operating profit expanding to 227.8 billion yen, up 72.1 percent.The company said in a release that the group performance recovered as profitability, primarily at Uniqlo operations, improved in the first half. In the third quarter, performance picked up at all four business segments, generating significant increases in both revenue and

Whenever Indya Moore hits the red carpet, thePosestar’s fashion choices always have a purpose. A pair of Beads Byaree statement earrings they sported in 2019, for instance, were worn as a statement of solidarity with trans women across America, in light of the violence they continue to face. Each frame in the earrings represented 17 trans women who were murdered that year. Moore often uses their platform to highlight crucial causes or issues affecting the LGBTQIA+ community and in the process sh

For many retailers the repercussions of Covid-19 in the early stages impacted their businesses as would an earthquake; flattened and in some cases all out destroyed.One and a half years on, global marketplaces are reaching various stages of recovery and data from Edited show how shopping shifted during the pandemic and what retailers can do to drive sales using their market intelligence.Key takeawaysStores closing accelerated the urgency for ecommerce innovation, leading to a dramatic YoY improv

Twitter Fashion Index based on number of followers a specific apparel brand’s Twitter account has.NameFollowersVictoria's Secret 11,113,205Marc Jacobs Intl 9,042,901H&M 8,613,403Burberry 8,317,689Dolce & Gabbana 5,017,861gucci 4,866,808Versace 4,085,466Yves Saint Laurent 3,963,463adidas Originals 3,813,777Michael Kors 3,577,951Calvin Klein 3,528,928Christian Louboutin 2,859,861Forever 21 2,292,311TOMS 2,136,241Threadless 2,131,250Valentino 1,943,907Alexander McQueen 1,766,506Louis Vu

LONDON – Denim brand Levi’s is the latest company to join the US Cotton Trust Protocol, as it doubles down efforts towards its commitment of sourcing 100 per cent more sustainably grown cotton.Launched to verify sustainability progress through data collection and third-party cooperation, the protocol aligns brands and growers of US cotton in best measuring their impacts across six areas: water use, greenhouse gas emissions, energy use, soil carbon, soil loss and land use efficiency.“At Levi’s, t

LONDON - Campaigners are calling on the UK to follow in the footsteps of European countries, such as France, Germany and Norway, by introducing a mandatory due diligence law which would make companies responsible for human rights and environmental breaches in their global supply chains.A total of 29 organisations, including the Trades Union Congress (TUC), Friends of the Earth and Amnesty International, say that voluntary efforts have failed to tackle systemic human rights abuses and environment

The V&A has unveiled its creative vision for its new national museum complex in East London, V&A East, alongside its first acquisitions including a gown designed by Molly Goddard.V&A East will comprise of two sister sites currently under construction in Queen Elizabeth Olympic Park. The V&A East Storehouse will open in 2024 and offer a new immersive visitor experience providing “unprecedented public access” to 5,000 years of creativity. While a short walk across the park, V&A