Standard Chartered Bangladesh (SCB) recently introduced a Virtual Accounts for Payments (VAP) solution for World Vision Bangladesh, a press release said Tuesday. This digital solution, implemented for the first time in Bangladesh, will simplify the fund and payment management process for clients. A Virtual Account for Payment (VAP) is an account that
Tag: industry
KEPZ to get $6m investment in RMG, bag manufacturing industry
Ms HZ Outdoor International Company Limited is going to set up a Garments and Bag manufacturing industry in Karnaphuli Export Processing Zone (KEPZ) with an investment of $ 6.03 million. An agreement to this effect was signed today between Bangladesh Export Processing Zones Authority (BEPZA) and HZ Outdoor International Company Limited
BGMEA wants industry-academia collaboration to tackle future challenges
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Acting President Shahidullah Azim has said industry-academia collaboration is imperative to meet the future challenges of the apparel industry, especially in the context of fast fashion and disruptive technologies. Partnerships between the industry and academia would be instrumental in producing a qualified and
Sand mining a boon for illegal industry at the expense of environment
Mining of sand to feed the red-hot demand from Bangladesh’s construction industry has fueled an illegal industry that overshadows the legal one and that’s destroying ecosystems and exacerbating river erosion. As the country’s cities and towns grow on the back of solid economic growth over the past three decades, the construction
Growth of domestic tea industry at risk
Canadian Trade Union delegation calls on BGMEA President
A Canadian Trade Union delegation paid a courtesy call on BGMEA President Faruque Hassan at the latter’s in Gulshan, Dhaka on July 21. The delegation included Lily Chang, Secretary-Treasurer for the Canadian Labour Congress (CLC); Jocelyne Dubois, Director, International, Social and Economic Policy Department (CLC); Doug Olthuis, Department Leader, Global Affairs
‘Walton, a key export-oriented industry’
State Minister for Planning Dr Shamsul Alam opined that Walton has been playing a leading role in the efforts of flourishing local export-oriented industries. Walton is now the leader of domestic electronics industry. The others could follow them. Walton brand’s one or more products are available in the country’s every