BGMEA and Green Power Collaborate to Establish Green Factories

HSBC Bangladesh has formed a transformative partnership with BRAC, a leader in the microfinance sector. The collaboration aims to digitize BRAC's collection and disbursement processes, enhancing efficiency in Bangladesh's microfinance landscape.

A major export fraud involving Loopdot Fashion Limited in Mymensingh, Bangladesh, has been exposed, with 225 consignments of garments falsely exported, totaling $6.8 million or 75 million taka. The fraud was revealed during the seizure of two consignments

Bangladesh's garment and textile industry, which heavily relies on European Union (EU) exports, faces potential challenges if the EU approves the Corporate Sustainability Due Diligence Directive (CSDDD).

Bangladesh has solidified its global leadership in environmentally-friendly apparel factories, as 204 factories in the country now hold LEED certification from the United States Green Building Council (USGBC). In December, "Integra Dresses Limited" in Gazipur achieved gold-level certification, bringing the total to 27 green building certifications in 2022, with 13 in the platinum category – the highest level.

iFarmer and Prime Bank recently signed a Memorandum of Understanding (MoU), with CEO and Managing Director formalizing the agreement. The MoU focuses on providing financial assistance, particularly for women involved in agriculture, specifically those participating in farming activities in Bangladesh.

Intraco Refueling Station is set to transport stranded gas from Bhola Island to industrial boilers near the capital, providing a breakthrough in gas supply amid shortages. The company plans to supply compressed natural gas (CNG) to the Gazipur and Bhaluka industrial belts initially, alleviating the low piped-gas pressure in these areas.