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Manus to return as independent company as separation from Meta proceeds_我的网站

一 |     By Mir Afroz Zaman
Dhaka, Oct 16 (UNI) Bangladesh and India do not compete with each other in the international market for export in the garment sector but complement each other, said Faruque Hassan, President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
Addressing media in Dhaka on Sunday, to announce the holding of the first ever branding event for apparel sector named ‘Made in Bangladesh Week’ between November 12-18, Faruque Hassan said exports from Bangladesh to other countries also boosts export from India as many of the inputs are sourced from India.
Faruque Hassan said the export of Ready Made Garments (RMG) showed almost 99 percent growth in the first two months of the current financial year in July and August. He said the RMG sector export to India is likely to cross USD 1 billion in the current financial year compared to USD 764 million last year. The BGMEA President said it is a win-win situation for both the countries as they cooperate in design development and value addition. He announced that BGMEA will soon take up events to promote ‘Brand Bangladesh’ for the apparel sector in India.
Faruque Hassan announced that during the ‘Made in Bangladesh Week’ next month, the apparel Industry of the country will showcase the groundbreaking innovations and compliance and sustainable developments of the RMG sector in the world market. The week-long event will showcase 17 physical events comprising summits, expositions, Photo-exhibition, conferences, fashion innovation among other events. The event is planned to be inaugurated by Prime Minister Sheikh Hasina on November 13.
Outlining the challenges for the RMG sector post 2026 when Bangladesh graduates from the LDC status, Faruque Hassan said it has initiated dialogues with major buyers like the European Union, Australia, UK and others to continue the preferential treatment for Bangladesh RMG products beyond 2026. Also, Bangladesh is diversifying its export basket into emerging markets whose share in total RMG sector export has gone up from 6.8 percent in 2009 to over 17 percent in the current financial year.
Bangladesh has also been working to diversify from natural yarns to synthetic yarns and its product basket from basic 5 RMG products which constitutes 82 percent of all its exports to more fashion oriented products. Bangladesh is also exploring the possibility of online sale of RMG products internationally in line with similar other ventures in the world. BGMEA President said Bangladesh is confident to achieve the export goal of USD 100 billion by the year 2030.
The Ready Made Garment export from Bangladesh was USD 42.6 billion in the year 2021-22. The exports from the RMG and textile sector contribute over 87 percent of the total exports from Bangladesh. Close to 10 million families are employed directly or indirectly in the RMG sector out of which 60 per cent are women.
UNI MAZ SY SHK1927。    

    Manus, an AI agent released by start-up Monica Photo: VCG
Manus, an AI agent released by Singapore-based tech start-up Monica, said in a note to users on Tuesday that it will soon return to operating as an independent company. 
According to the company's note, "this is part of our separation from Meta; we must take this step to comply with regulatory requirements in specific parts of the world."
As part of Manus transition back to independent operations and to comply with regulatory requirements in specific jurisdictions, data generated by certain users on or after December 29, 2025, will be deleted from 8:00 am on August 23 through August 24, 2026 (SGT), according to the note.  
Affected users will be able to back up their data from now until 7:59 am on August 23, 2026 (SGT) and restore it starting from 8:00 am on August 25, 2026 (SGT), according to the company.
Regarding why the data deletion only affects data generated since December 29, 2025, Manus said in the note that Meta acquired Manus on that date. Data generated by some users on or after the acquisition needs to be deleted to comply with regulatory requirements in certain jurisdictions.
In March 2025, the startup Butterfly Effect launched Manus. As the world's first general AI agent, Manus became an overnight sensation with a demo video, and access codes were, at one point, resold for tens of thousands of yuan. As a result, Manus was briefly seen by the industry as "the second DeepSeek." Just a few months later, however, Manus moved its headquarters to Singapore, significantly downsized its domestic team, retained only core technical staff, and ceased its services and operations in China.
In December last year, Meta announced the acquisition of Manus for approximately $2 billion, making it the third-largest acquisition in Meta's history.
In April, China's Office of the Working Mechanism for Security Review of Foreign Investment under the National Development and Reform Commission (NDRC) announced its decision to prohibit, in accordance with laws and regulations, the foreign acquisition of the Manus project and required the parties involved to revoke the transaction, according to the official website of the NDRC.
This decision reflects China's continued efforts to improve its foreign investment review system and regulate cross-border mergers and acquisitions in accordance with laws and regulations, Ma Jihua, a veteran industry analyst, told the Global Times in a previous interview.
Addressing a question that the office of the foreign investment security review working mechanism has formally issued a decision to prohibit foreign investment in the Manus acquisition project and has ordered the parties involved to revoke the acquisition deal, and that two Manus executives have reportedly been barred from leaving China, Lin Jian, a spokesperson for the Chinese Foreign Ministry, told a press briefing on April 28 that " As a matter of principle, I would like to stress that the Chinese government conducts reviews of foreign investment and makes relevant decisions in accordance with laws and regulations."
Global Times
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