FBCCI (Federation of Bangladesh Chambers of Commerce & Industries) President Mahbubul Alam called on both the government and the employers and workers to plan and work in such a way that the interests of both the employers and workers are protected.
"Workers are the driving force of our economy," said FBCCI President Mahbubul Alam, who participated virtually in the meeting of the Standing Committee on Labor Policy of FBCCI on Saturday afternoon.
FBCCI President said that owners play an important role in achieving economic prosperity of the country. There is extraordinary sincerity among the businessmen or factory owners and workers in our country. However, we have to plan and work in such a way that we can work with compliance with the workers and protect the interests of the owners.
Shomvob, the leading B2B job-tech and HR tech platform in Bangladesh today announced a USD 1 million pre-seed financing round led by Singapore-based early-stage venture capital firm Cocoon Capital. Shomvob also received a grant from the Bill & Melinda Gates Foundation to create access to job opportunities for the low-income women population in the country. The company was founded in 2022 and is dedicated to supporting the blue and silver-collar workforce.
Currently, more than 650,000 corporations and SMEs in Bangladesh face critical hiring issues for their frontline workforce due to an over-reliance on paper-based processes and information asymmetry. This often results in a mismatch of talent, causing up to 30% productivity loss. On the other hand, around 70 million people in the country struggle to find jobs that meet their expectations, often falling prey to local brokers or middlemen known as dalals.
Shomvob addresses these issues by providing job seekers with a professional digital identity and a seamless application process for relevant positions. Its advanced algorithm matches candidates with suitable jobs while its Application Tracking System (ATS) offers transparent, real-time updates on application progress. For companies, Shomvob simplifies their hiring processes, reducing time and costs while ensuring compliance.
The 14th edition of Intex Bangladesh, the premier international textile sourcing show, begins on 30th May 2024 at the International Convention City Bashundhara (ICCB) in Dhaka.
This international textile sourcing expo connects Bangladesh textiles and garment industry with a range of innovators and suppliers from across the globe. The three-day expo will bring the country finest RMG exporters, local and international brands and sourcing offices together under one roof.
This year more than 200 companies from over 10 countries will showcase the latest trends in fibres, yarns, fabrics, accessories, solutions and services for exports as well as domestic consumption.
Speaking on the occasion, Mr. Sunil Patwari, Chairman of TEXPROCIL said, “Intex Bangladesh offers a strategic platform for Indian textile companies to connect with Bangladesh thriving RMG sector. TEXPROCIL India Pavilion will facilitate new business partnerships and collaborations, driving growth across the Bangladesh and South Asian textile and apparel value chain. This year our members will display sustainable, organic cotton textiles as well as Kasturi Cotton an initiative of the Indian Government, which will assist Bangladeshi industries fulfil requirements of overseas buyers.”
Aleph (formerly Httpool by Aleph) a leading global enabler of digital advertising, has been selected as the sales partner for TikTok in Bangladesh. This strategic partnership allows Aleph to provide unique advertising solutions to brands and businesses seeking to engage with TikTok growing user base in the country.
As the sales partner for TikTok in Bangladesh, Aleph will access the platform advanced advertising tools and capabilities, which will enable the company to provide more targeted and successful advertising solutions to its clients. With over 1 billion users globally, the platform continues to grow in popularity in Bangladesh, and this partnership represents a significant opportunity for brands to reach a dynamic and engaged audience through one of the most innovative platforms available today.
Ignacio Vidaguren, Partner and Chief Operating Officer at Aleph, expressed his enthusiasm for the partnership, saying "TikTok is the leading destination for short-form mobile video. Through our sales partnership in Bangladesh, we support advertisers, agencies, and small to medium-sized enterprises in seamlessly tapping into TikTok potential and connecting with engaged audiences. Through education, local support and knowledge we stay true to our core mission: to enable digital advertising for all."