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Bangladesh Bank allows foreign currency-taka swap facility for dealers

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Bangladesh Bank allows foreign currency-taka swap facility for dealers



Bangladesh Bank recently introduced a financial arrangement allowing authorised dealers (ADs) to enter into foreign currency-taka swap arrangements with exporters against balances held in their respective 30-day pools and exporters’ retention quota (ERQ) accounts.

The decision aims at facilitating short-term liquidity requirement in taka of exporters while simultaneously permitting them to maintain their foreign currency holdings, a circular from the central bank said.

Bangladesh Bank has introduced a financial arrangement allowing authorised dealers to enter into foreign currency-taka swap arrangements with exporters against balances held in their respective 30-day pools and exporters’ retention quota accounts.
The aim is to facilitate short-term liquidity requirement in taka of exporters while simultaneously permitting them to maintain their foreign currency holdings.

The swap tenor must not exceed the expected utilisation period for ERQ balances, and is limited to a maximum of 30 days for 30-day pools. The facility against such swap is to be settled on maturity.

The applicable swap points will be based on market- or cost-reflective interest rate or profit differential between two currencies.

Swaps shall be executed only against available and unencumbered balances held in foreign currency owned by exporters. ADs shall maintain adequate risk management, credit and liquidity control systems, along with internal approval and audit mechanisms, according to domestic media reports.

The swap transaction shall not be treated as loan or financing facility extended to customers by ADs.

Taka funds obtained by exporters under the swap arrangement shall be used solely for bonafide working capital purposes related to export operations; no speculative positions shall be undertaken under this arrangement.

Fibre2Fashion News Desk (DS)



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BRC calls for retailer collaboration on net zero emissions

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BRC calls for retailer collaboration on net zero emissions



The British Retail Consortium (BRC) is urging retailers to strengthen collaboration across the value chain, particularly on scope 3 emissions from supply chains and customer use, to meet net zero goals.

Its new UK Retail 2025 Net Zero Stocktake report uses improved real-world data to assess industry progress, challenges and priorities on the path to net zero.

Using improved data quality and broader coverage, the report provides a clearer picture of industry emissions. The accompanying survey shows strong progress, with 91 per cent of retailers having established and publicly reported GHG baselines, four in five fleet drivers trained in fuel efficiency programmes, and 90 per cent of new retail buildings using LED lighting.

The British Retail Consortium (BRC) has urged retailers to strengthen collaboration across the value chain to tackle scope 3 emissions from supply chains and customer use.
Its new UK Retail 2025 Net Zero Stocktake report uses improved real-world data to assess progress, barriers and priorities for the retail industry’s transition toward net zero.

Yet with over 93 per cent of retail emissions falling outside of direct control, substantive industry progress depends on joined-up retailer collaboration to influence global suppliers into action, British consumers toward large-scale behaviour change, and UK government into supportive policy. 

The report shows that only a third (30 per cent) of the very biggest suppliers provide GHG emissions data and 70 per cent of products do not have information for consumers on responsible sourcing.

Progress in these areas has been held up by systemic challenges, including policy uncertainty, supply chain complexity, financial pressures, and technological limitations.

The BRC will continue to support retailers to deliver the transformative change needed by convening cross-industry stakeholders, continuing to track annual progress, and shaping policy to unlock investment and drive momentum.

“In 2020, we launched the Climate Action Roadmap to set the ambition for UK retail to reach net zero by 2040. Five years on, we must use the takeaways from this report to drive the industry from collective ambition to a step change in collaborative action. The climate emergency is no longer tomorrow’s problem. It is here today; disrupting supply chains, driving shortages, increasing costs for households – and threatening the long-term stability and resilience of UK retail. Climate change is a very real risk to businesses and the consequences of inaction are simply too big to ignore. We need more radical collaboration between companies to bring down emissions and step up the drive to net zero,” Helen Dickinson, CEO of the BRC, said.

Fibre2Fashion News Desk (RR)



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South Indian cotton yarn supported by higher fibre, Tiruppur prices up

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South Indian cotton yarn supported by higher fibre, Tiruppur prices up



The Tiruppur market recorded a price rise of ****;** per kg as mills attempted to pass on higher cotton costs, although local demand remained weak. A trader from Tiruppur told Fibre*Fashion, “Tamil Nadu and other states’ spinning mills are raising prices to cover higher cotton costs. They want to increase prices by ** per cent to fully offset rising production costs, but domestic consumer industry support is lacking. Summer demand is unlikely to pick up before January. The weakening rupee against the US dollar has also provided relief, as mills can compete better in export markets.”

In Tiruppur, knitting cotton yarn prices were noted as ** count combed cotton yarn at ****;****** (~$*.***.**) per kg (excluding GST), ** count combed cotton yarn at ****;****** (~$*.***.**) per kg, ** count combed cotton yarn at ****;****** (~$*.***.**) per kg, ** count carded cotton yarn at ****;****** (~$*.***.**) per kg, ** count carded cotton yarn at ****;****** (~$*.***.**) per kg and ** count carded cotton yarn at ****;****** (~$*.***.**) per kg.



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Pat McGrath Labs explores asset sale

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Pat McGrath Labs explores asset sale


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December 21, 2025

Pat McGrath Labs is undergoing a restructuring and recapitalisation process, according to multiple reports.

Pat McGrath Labs explores asset sale. – Pat McGrath Labs

As part of the process, the company is reviewing its assets, with some — including its trademark and logo — potentially set to be sold through a formal sale process. Bids are due by January 26, with an auction scheduled for the following day. The process is being managed by U.S.-based financial services firm Hilco Global.

Founded by British makeup artist Dame Pat McGrath, the brand celebrated its 10th anniversary in October. Pat McGrath Labs rose rapidly following its launch and reached unicorn status in 2018 after securing an investment from Eurazeo that valued the company at more than $1 billion.

In recent years, however, the brand has faced operational challenges, alongside executive turnover and layoffs, and its valuation is now widely reported to be a fraction of its former peak.

The development comes just one year after McGrath was named creative director of Louis Vuitton’s debut makeup line, La Beauté, which launched this summer.

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