Meta begins 5% workforce reduction as part of strategic shift towards AI
Meta begins 5% workforce reduction as part of strategic shift towards AI

Meta Platforms, the parent company of Facebook, has launched a series of performance-based layoffs, reducing its global workforce by 5%, or approximately 4,000 employees. This move is in line with CEO Mark Zuckerbergs strategy to raise the bar on performance and streamline operations. Employees...

Two new RMG factories in Bangladesh achieve LEED certification
Two new RMG factories in Bangladesh achieve LEED certification

Bangladesh continues to demonstrate its commitment to sustainable growth, with two new factories in the ready-made garment (RMG) sector earning Leadership in Energy and Environmental Design (LEED) certification, despite the challenges of a global economic downturn. The factoriesColumbia Apparels...

Acute gas crisis cripples industries
Acute gas crisis cripples industries

Years of disrupted gas supply have brought export-oriented industries and other factories to a severe production crisis. In key sectors such as textiles, ceramics, and ready-made garments, the captive power plants require a gas pressure of 15 PSI (pounds per square inch), but they are typically...

41 factories permanently shut in Gazipur
41 factories permanently shut in Gazipur

In the past five months, following the fall of the Sheikh Hasina government, Gazipurs industrial landscape has faced a significant upheaval. Fifty-one factories have ceased operations, of which 41 have been permanently shut. Ten factories were announced as temporarily closed, while another seven...

A neighboring country spreading propaganda and conspiring against garments industry: Advisor Sakhawat
A neighboring country spreading propaganda and conspiring against garments industry: Advisor Sakhawat

Labor and Employment Advisor Brigadier General (Retd.) Dr. M Sakhawat Hossain has said that a neighboring country is spreading propaganda and conspiring against the garments industry. He said this at the inauguration of a fair organized by various organizations supporting the production of goods...

US, UK impose sweeping sanctions on Russia's oil industry
US, UK impose sweeping sanctions on Russia's oil industry

The United States and the United Kingdom imposed further sanctions on Russias energy sector on Friday in an attempt to curb funding for Moscows full-scale invasion of Ukraine. The US Treasury Department said it was designating two of Russias largest oil companies, Gazprom Neft and...

Businesspeople in awe
Businesspeople in awe

The countrys industrial sector has been grappling with persistent challenges, with no signs of improvement. Difficulties are soaring for local industrialists as they have been struggling for a long time with dollar shortages, high interest rates, labour unrest, and other issues that made it harder...

Thailand’s auto industry faces uncertain future
Thailand’s auto industry faces uncertain future

Thailands automotive industry is under pressure as new car sales remain uncertain due to an uneven economic recovery, the Bank of Thailand reported. According to the Monetary Policy Committees Q4 2024 report, pickup sales recovery lags behind passenger cars due to weaker purchasing power among...

Actress Anjana Rahman passes away
Actress Anjana Rahman passes away

Renowned actress and two-time National Film Award winner Anjana Rahman has passed away (Inna Lillahi Wa Inna Ilaihi Raziun). She died Friday night while undergoing treatment at BSMMU. The information was confirmed by film journalist Ahmed Tepantar. She was 60. Her funeral prayer (Namaz-e-Janaza)...

Initiatives aimed at reviving glory of ‘golden fiber’
Initiatives aimed at reviving glory of ‘golden fiber’

The Interim Government of Bangladesh has taken significant steps to revive the nations once-thriving jute industry, often dubbed the golden fiber. As part of this initiative, Bangladesh Bank has introduced special provisions to facilitate the repayment of outstanding loans in the jute sector....

Japanese anime industry sales top 3 trillion yen for 1st time
Japanese anime industry sales top 3 trillion yen for 1st time

The market size of Japans anime industry has topped the 3-trillion-yen mark for the first time in 2023, supported by strong overseas sales, local media reported Sunday. Japans animation industry generated around 3.3 trillion yen (about 21 billion U.S. dollars) in 2023, marking a record high and...

Recession not easing, raw material imports fall
Recession not easing, raw material imports fall

Countrys trade has ground to a halt as the raw material imports fell to $5.27 billion in November, a sharp decline from $5.6 billion in the same month last year. This marks a troubling sign for the economy, as a reduction in imports is expected to fuel inflation and push up commodity prices....

Indian media's report on Bangladesh apparel industry misleading: CA press wing
Indian media's report on Bangladesh apparel industry misleading: CA press wing

Report published on Indian media Tuesday claiming that many global brands are now shifting their focus to Indian manufacturers from Bangladesh is misleading, Chief Advisers Press Wing said on Wednesday, reports BSS. The article published in India.com claims many clothing brands are now shifting...

Recommendation for 9pc wage increase in RMG industry
Recommendation for 9pc wage increase in RMG industry

Labor and employment adviser Brig Gen (retd) Sakhawat Hussain informed that a total of 9 percent annual wage increase has been recommended in the ready-made garment industry, which will be effective from December 1. He shared the information with reporters on Monday while having a meeting at the...

I want to remain in everyone's love and devotion: Bubly
I want to remain in everyone's love and devotion: Bubly

Shobnom Bubly, one of the most popular actresses in the Bangladeshi film industry, is celebrating her birthday on Wednesday. From a news anchor to a prominent Dhaka film heroine, she made a strong presence in the film industry by captivating audiences with her charm and talent. Despite her fame,...