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Bangladesh is the world’s best in readymade garments.

Corono epidemic

Despite the Corona epidemic, Bangladesh has overtaken Vietnam to become the second largest exporter of ready-made garments in the country. China is at the top as always. This history of rising to second place is not new to Bangladesh. In the 50th year of independence, the garment industry of Bangladesh is now dreaming of a new one.

Entrepreneurs

In addition to eco-friendly green factories, the entrepreneurs of this industry want to export garments made of a new yarn. Bangladesh is dreaming of overtaking China to become the top garment exporter by producing man-made synthetic fibers or man-made fiber garments instead of the traditional cotton yarn.


Over the past decade, exports from India and Pakistan, two of the largest economies in South Asia, have declined, but at the same time, exports of ready-made garments to Bangladesh have increased by 80 per cent. According to BGMEA, the industry, which started just four decades ago, now has a total of 2,300 ready-made garment factories.

Of these, BGMEA has 874 factories. In addition, 135 eco-friendly green factories have been set up, 7 of which are in Bangladesh out of 10. Another 500 green factories have applied to the Green Building Council of the United States for recognition.

The industry, which started with 130 trainees under the late Nurul Quader Khan in the 1990-1991s, now has around half a crore workers. According to BGMEA, there were about 4 lakh workers in the garment factories in the 1990-91 financial year. And in 1996-97 financial year it increased to 13 lakhs. From 2002-03 to 2004-05 there were 20 lakhs.

Financial year

In the financial year 2008-09, the number of these workers increased to 35 lakhs. At present, there are about 4.4 million male and female workers in the sector, most of whom (about 70 per cent) are female workers, according to BGMEA.
On March 3, The Wall Street Journal praised Bangladesh’s economic success, saying that in 2011 Bangladesh’s per capita income was 40 percent lower than India’s.

Economic power

Bangladesh took over the country last year to make up for this shortfall. All in all, Bangladesh is now the emerging economic power of South Asia. Exports like South Korea, Vietnam and China are the main strengths of Bangladesh’s development. And one of the main sectors to increase this export is readymade garments.

One of the reasons behind the increase in garment exports is the huge number of women workers and low wages compared to other countries in the world. Such a presence of women in the labor force is not noticeable in the whole of South Asia.

Success


This success of the last four decades in readymade garments is showing new dreams to the garment entrepreneurs. Entrepreneurs in the readymade garments sector are now planning to export garments made of man-made fiber or man-made synthetic fibers to take advantage of more investment.

On the one hand, it will create opportunities for foreign investment in the backward linkage industry of the garment sector, on the other hand, it will create opportunities to further increase export earnings by producing high-value garments. Concerned people said that after independence, Bangladesh’s export products were few. The country’s export income was mainly dependent on jute. For this reason it was called golden fiber.

Ready-made garment

The picture has been changing since the eighties. Entrepreneurs of the country found another gold. They started exporting garments made of cotton woven cloth. Garment factories are being set up one by one in the country. His next story is just a history of success. In 2021, the 50th year of independence, the ready-made garment sector has accounted for 80 per cent of the country’s total export earnings.

The industry is also at the forefront of the ‘Made in Bangladesh’ branding campaign going on abroad. Not only export sector, but also investment and employment sector is now at the top. But despite all this, the entrepreneurs are moving forward with the dream of becoming number one in the international world.

And to realize this dream, they want to set up man-made fiber factories as well as foreign investment in the backward linkage industry in the garment sector.

Entrepreneurs in the garment sector say that 84% of the garments made in Bangladesh are cotton based. Basically, 85 percent of the country’s products are made on five basic items. Again, to make these garments, at least 70 to 85 percent of the oven fabric has to be imported.

It is not possible to survive in the world market for a long time with a short variety of cotton based garments. For this, besides setting up man-made fiber factories, it is necessary to attract foreign investment in the backward linkage industry.

And the entrepreneurs argue to attract foreign investment in the backward linkage sector, (1) The country’s ready-made garment industry produces 4 lakh metric tons of jute products a year. By recycling this lie alone, if the initiative is taken to produce yarn, it is possible to save at least 4 billion US dollars in this sector; (2) Different types of spare parts are used in the readymade garment industry of the country.

In the 2018-19 financial year, 1,605 million US dollars was spent on the import of 28 types of parts. Foreign investment in this sector will save valuable foreign exchange; And (3) according to international market forecasts, the country’s textile chemical market, which was 84 million in 2019, could grow to ৮ 1.38 billion in 2024 by investing in man-made fiber.


According to the concerned, this future plan of Bangladesh’s ready-made garment sector has also been presented to the World Bank Group IFC. The international organization has promised to finance the strategic development of Bangladesh’s garment sector. Press conference of Bangladesh Garment Manufacturers Exporters Association (BGMEA) at a virtual meeting of World Bank Group IFC recently

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Asia World

Myanmar’s Military Stages Coup, Detains Aung San Suu Kyi And Other Leaders

Myanmar’s military has reportedly declared a state of emergency and taken power for one year after arresting the country’s top political leaders.

Myanmar’s de facto leader Aung San Suu Kyi, President Win Myint and other officials from the governing National League for Democracy (NLD) were detained by the military early Monday morning.

“With the situation we see happening now, we have to assume that the military is staging a coup” the NLD’s spokesman Myo Nyunt said to Agence France-Presse.

MRTV's announcement on Facebook.
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International North America

How commercial property owners can cut through the hype of CRE Tech

As the pandemic proceeds, CRE proprietors and administrators are looking for approaches to guarantee the prosperity of inhabitants and laborers the same while likewise supporting business coherence in the midst of disturbance.

Helpfully, the CRE business right now remains at the zenith of a tech upheaval, with computerized advancements flooding the market that guarantee to address such concerns and that’s only the tip of the iceberg.

While beforehand an extravagance, CRE advances have become so pervasive that putting resources into them to help business requests has become a table stake for current property endurance and which is all well and good.

From streamlining activities to upgrading the inhabitant experience to settling income, the serious edge of adopting advanced arrangements can’t be downplayed, particularly during weak business periods like those created by the Covid-19 pandemic.

At the point when sent in those regions of business CRE achievement is based upon (for example money, renting and building tasks), CRE advancements have the influence to defend structures against the pressing factors of the pandemic and prepare them to more readily climate any future market changes.

Be that as it may, as CRE tech becomes commonplace and the selection of arrangements develops overpowering, proprietors and administrators should have the option to observe which technologies are planned to drive enduring worth and which are just deliberate misdirection.

While thinking about which advances will best help with reacting to squeezing inhabitant needs and impel their CRE contributions forward, coming up next are the business abilities winning arrangements ought to accomplish.

Let loose property groups to zero in on squeezing needs.

With the pandemic continuing, a large number’s security assumptions are staggeringly high. Inhabitants need to rent from property bunches they trust to secure their prosperity and are proactive in tending to their requirements.

Shockingly, proprietors and administrators frequently wind up stalled with tedious back-office measures that impede their responsiveness. With the suitable innovation to smooth out these duties, property groups can ascend to inhabitant guidelines.

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When choosing which tech arrangement is appropriate for them, proprietors and administrators should initially distinguish those humble, time-serious zones of business that would be more beneficial whenever executed with programming.

For instance, if the property group doesn’t have perceivability into the volume, need and area of work, they’re left working awkward and wastefully, subsequently forfeiting their net revenues.

All things being equal, a computerized stage could give perceivability into needs, permitting groups to handle pain points in gatherings guaranteeing a tenacious degree of administration conveyance, notwithstanding permitting pioneers to oversee by exemption.

Valuable CRE advancements ought to coordinate with existing activities as opposed to being added on top of them, subsequently assisting representatives with handling the duties as of now before them so they have the opportunity to zero in on more amiable work.

In like manner, CRE innovation ought to have an open engineering so it flawlessly incorporates with extra projects a property group might be utilizing. Along these lines, operators choosing to utilize various systems don’t need to work between siloed programs, which can be tedious and hazard losing data — adequately ruining any worth those projects would somehow or another offer.

An open-engineering configuration additionally cultivates versatility, as proprietors and administrators can undoubtedly add more capacities to address future business requests.

Also, CRE innovation should have a simple onboarding cycle. Conveying CRE innovation shouldn’t be a relentless endeavor, but instead an easy to use experience that empowers property groups to quickly settle on better business choices.

Shockingly, many are frequently discouraged from computerized arrangements by virtue of how confounded the arrangement cycle is. If property groups are encountering troubles from the beginning, at that point in all probability, their picked arrangement won’t be beneficial over the long haul.

Help property groups keep up basic experiences into occupant and building prosperity.

To work deliberately, proprietors and administrators need to keep up experiences into how their properties are performing, which they can make sure about through CRE tech. Regardless of whether property groups use innovation to obtain execution reports or to oversee danger and security across their structures, having itemized bits of knowledge enables property groups to distinguish occasions to expand efficiencies and lessening working expenses.

Information assortment and overseeing arrangements are additionally especially supportive to have during a circumstance as liquid as the continuous pandemic, as the capacity to screen factors like laborers’ timetables and action assists administrators with obliging social separating rules.

In spite of the fact that sending tech to assist with any zone of business can yield returns, for an answer for drive most extreme worth, it should be far reaching. While innovation ought to be particular so it can streamline the exhibition of its center business zones, it ought not be specialty to such an extent that its worth is limited to a chosen handful clients or capacities. The more jobs a solitary speculation can uphold, the more noteworthy an association’s degree of proficiency, and hence the more prominent its NOI.

Backing a more insightful occupant experience.

CRE innovation needs to offer a reformist experience for all client personas of a property group — inhabitants included, presently like never before. From spatial perception stages for possibilities to evaluate spaces without being nearby (or even current inhabitants who might be rethinking their spatial prerequisites) to a renting apparatus for lodging inhabitance terms and building data to quicken the renting cycle, CRE tech empowers property groups to convey all the more convenient, in more noteworthy detail and all the more insightfully, subsequently winning occupant favor and lessening the danger of opening.

Particularly as wellbeing and sterilization stay top of brain for a huge number during this time, apparatuses that enable property groups to convey straightforward updates on assistance levels and support are especially generally welcomed.

Quickened by the pandemic, innovation has shown up at the front line of the CRE business, and property groups need to accept it in the event that they need to stay serious in the advanced world. Forceful tech reception has the ability to make tasks more smart and gainful, which empowers property groups to turn out to be more beneficial.

Despite the fact that with such extraordinary guarantee, proprietors and administrators should have the option to recognize technologies that engage business development and bolster their contributions inside prompt conditions and past.

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International North America World

Six Key Things Property Data Can Do For Your Investments

Do you remember when mobile banking entered the tech space? It started small with SMS but eventually grew to what we now see today: an application that allows you access to everything you need about your bank account.

You can view your account balance, see transaction history, transfer funds and even track investment portfolios. Having this kind of data available to you is incredible, but so few property owners are utilizing software that provides it.

Having co-founded a platform that delivers real-time data to property owners and investors, I know that there are several reasons access to real-time data is beneficial to have. Below is a quick breakdown of the most important ways you should be leveraging real-time information reporting. 

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Business Business and Economy International North America World

Five Ways To Leverage Property Data In Real Estate Marketing

Real estate is a local game — and highly targeted marketing is key to winning it. Whether you’re an agent, mortgage broker, insurance firm or home services provider, delivering the right message to the right audience is critical if you want to close a deal.

Years ago, that wasn’t so easy. Agents plastered entire ZIP codes with door hangers, and insurance and home services providers sent out mailers to entire communities, whether they were up for renewing their policies or not. The result was more money spent than necessary and less-than-ideal results.

Today, real estate professionals have access to robust and detailed property data, allowing them to be more deliberate about their marketing efforts — pinpointing the exact consumers with the exact message at the exact time they’re most likely to convert.

As the vice president of marketing for ATTOM Data Solutions, I see the importance of marketing data from multiple perspectives: understanding the uses of our platform’s property data in real estate marketing, as well as in my own efforts of driving traffic to our company’s website via pay-per-click (PPC) campaigns, search engine optimization (SEO) and engaging content.

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Samsung Targets $10 Billion-Plus U.S. Plant, Ramps Up Chip Competition With TSMC

Samsung Electronics is considering investing more than $10 billion to build a chip-making factory in the U.S., according to recent media reports, a move that would help the South Korean tech giant compete with Taiwan’s TSMC in the capital-intensive contract chip manufacturing space.

Samsung, which is the world’s largest maker of smartphones and memory chips, is in discussions to invest as much as $17 billion to build a chip plant in Arizona, Texas or New York, the Wall Street Journal reported on Friday. A spokesperson for Samsung said the company has no “specific plans” to build a factory in the U.S., though added that the company explores “various opportunities for business development so that [Samsung is] open and ready when such opportunities arise.”

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Business International North America World

Elon Musk Is Now The Richest Person In The World, Officially Surpassing Jeff Bezos

As his fortune continues to grow at an unprecedented rate, Elon Musk has now become the world’s richest person, officially overtaking Amazon AMZN +0.7% CEO Jeff Bezos.

Shares of Musk’s electric-vehicle maker Tesla TSLA +7.8% rose by another 8.2% as of 11:30 a.m. EST on Friday, pushing Musk’s net worth up by $12.5 billion, to $189.7 billion. That makes him the wealthiest person on the planet, according to Forbes’ estimates.

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National

Women and children are the main victims of the Corona epidemic: BNWLA

The level of violence against women and children in the Corona epidemic has increased every month. The form of violence is also changing with time and the main victims are women and children.

The Bangladesh National Association of Women Lawyers (BNWLA) has expressed deep concern over the dire situation.


The organization said this at a press conference at the National Press Club today. Advocate Salma Ali, the president of the organization, made several recommendations to stop the abuse of women and children.


Advocate Salma Ali said BNWLA lawyers are doing their best to provide legal assistance to women and children who have been abused and abused in the face of the epidemic. He made a number of recommendations to end violence against abused women and children.

These are: Women and children victims of rape should be kept at the center and they should be provided with comprehensive legal assistance. Proper investigation of cases using modern forensic technology should be ensured along with speedy trial and witness protection.


The investigation should be kept free from the interference of political and influential people. Law enforcement authorities must have trained staff at all levels. The High Court needs a separate court to expedite the trial of cases related to violence against women.


The number of tribunals can be increased to expedite the trial of human trafficking cases within the stipulated time. Ensure proper monitoring of the overall data storage of women and children with disabilities.

Ensuring non-discriminatory legal services for marginalized groups (transgender, disabled). An effective committee should be formed as per the directions of the high court to prevent sexual harassment in all workplaces including bus stations.

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International North America South America World

YouTube Cofounder Steve Chen Launches Hedge Fund That Uses AI To Make Investment Decisions

YouTube cofounder Steve Chen is partnering with veteran money manager Jack Fu to launch a hedge fund that picks stocks and fixed-income assets through the use of artificial intelligence.

The Draco Capital Macro Quant Fund has already raised $50 million with a goal of $200 million by the end of 2021, Chen said last week.

The fund that debuted in September uses an AI algorithm to gauge which assets are ideal for both bull and bear markets, he says.

“It utilizes much of the AI and big data processing that was employed in companies that I’ve worked and/or advised in Silicon Valley,” Chen says. “It weighs the large tech companies, such as Apple and Microsoft, in a bullish market, while focusing more on defensive assets, such as gold and long-term treasuries, in a bearish market.”

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National

25th largest economy by 2035

Bangladesh will become the 25th largest economy in the world by 2035, advancing from 41st place this year thanks to steady growth, a new report said.

According to the UK-based Centre for Economics and Business Research (CEBR), the size of the economy will nearly treble to $855 billion in 2035 from $301 billion in 2020 in US dollar constant prices.

In current terms, Bangladesh will become more than a trillion-dollar economy before the period, showed the latest edition of the World Economic League Table of the think-tank.

In its annual league table on the growth prospects of 193 countries, the consultancy group said that despite the Covid-19 pandemic, Bangladesh was able to escape a contraction in 2020. Read More