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Citigroup Inc. boosted its stake in shares of Fabrinet ( NYSE:FN – Free Report ) by 13.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,115 shares of the technology company’s stock after acquiring an additional 4,639 shares during the quarter. Citigroup Inc. owned approximately 0.11% of Fabrinet worth $9,012,000 as of its most recent SEC filing. A number of other hedge funds have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its stake in shares of Fabrinet by 14.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 480,550 shares of the technology company’s stock valued at $113,621,000 after purchasing an additional 61,491 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Fabrinet by 4.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 314,665 shares of the technology company’s stock valued at $77,027,000 after buying an additional 12,409 shares during the last quarter. Epoch Investment Partners Inc. increased its stake in shares of Fabrinet by 9.6% in the 2nd quarter. Epoch Investment Partners Inc. now owns 302,006 shares of the technology company’s stock valued at $73,928,000 after buying an additional 26,475 shares during the period. Driehaus Capital Management LLC raised its position in shares of Fabrinet by 183.5% during the second quarter. Driehaus Capital Management LLC now owns 277,978 shares of the technology company’s stock worth $68,046,000 after acquiring an additional 179,943 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Fabrinet by 19.8% during the second quarter. Victory Capital Management Inc. now owns 236,705 shares of the technology company’s stock worth $57,943,000 after acquiring an additional 39,063 shares during the last quarter. Institutional investors own 97.38% of the company’s stock. Analyst Ratings Changes Several research firms recently issued reports on FN. JPMorgan Chase & Co. raised their price target on Fabrinet from $240.00 to $285.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Barclays started coverage on shares of Fabrinet in a research note on Thursday, November 14th. They issued an “equal weight” rating and a $292.00 target price on the stock. Needham & Company LLC assumed coverage on shares of Fabrinet in a research note on Tuesday, November 5th. They set a “buy” rating and a $280.00 price target for the company. B. Riley cut shares of Fabrinet from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $194.00 to $178.00 in a research note on Wednesday, November 20th. Finally, Rosenblatt Securities upped their target price on shares of Fabrinet from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $252.14. Fabrinet Stock Performance Shares of NYSE FN opened at $234.65 on Friday. The firm has a 50 day moving average price of $244.01 and a 200 day moving average price of $238.01. The stock has a market cap of $8.51 billion, a P/E ratio of 27.77 and a beta of 0.95. Fabrinet has a 52-week low of $159.30 and a 52-week high of $278.38. Fabrinet ( NYSE:FN – Get Free Report ) last released its quarterly earnings data on Monday, November 4th. The technology company reported $2.39 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.01. The business had revenue of $804.20 million during the quarter, compared to analysts’ expectations of $771.24 million. Fabrinet had a net margin of 10.28% and a return on equity of 18.08%. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.78 EPS. Analysts predict that Fabrinet will post 9.1 earnings per share for the current fiscal year. Insider Transactions at Fabrinet In other news, EVP Edward T. Archer sold 8,690 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $220.26, for a total transaction of $1,914,059.40. Following the completion of the sale, the executive vice president now owns 8,333 shares of the company’s stock, valued at $1,835,426.58. This represents a 51.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . 0.38% of the stock is currently owned by insiders. Fabrinet Company Profile ( Free Report ) Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing. Featured Articles Want to see what other hedge funds are holding FN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fabrinet ( NYSE:FN – Free Report ). Receive News & Ratings for Fabrinet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fabrinet and related companies with MarketBeat.com's FREE daily email newsletter .(From left) Ireen Catane, country president, Schneider Electric Philippines; Vivian Santos, deputy director general of operations, Philippine Economic Zone Authority; Joanne Michelle “Bamm” Gonzales, vice mayor of Rosario, Cavite; and Rizalino Jose Torralba, Bureau of Customs district collector, Port of Manila, visit the Cavite Smart Distribution Center, one of Schneider Electric’s main distribution centers in Asia-Pacific and among 17 others in the world. —Contributed photos MANILA, Philippines — Far too many companies embrace sustainability either because they are compelled to do so by their regulators, or their potential partners and buyers demand it because they want the services and products that they patronize to align with their own values on protecting the environment. Thus sustainability—largely defined as taking only so much from nature that can be replenished—is relegated to a corporate social responsibility concept. But not so for French multinational energy management and industrial automation firm Schneider Electric. READ: Investing in sustainability For the 188-year-old global industrial technology leader with world-leading expertise in electrification, automation, and digitization, sustainability is its reason for being, indeed what determines its bottom line at the end of every fiscal year. Thus says Chris Leong, Schneider’s global chief marketing officer, who was in the Philippines recently from her office in Hong Kong to discuss how Schneider was able to integrate sustainability into its business operations and its commitment to specific environmental, social, and governance (ESG) goals. The MasterPacT MTZ Active is an air circuit breaker that enables real-time power monitoring and measurement to accelerate decarbonization among industries. Leong shared that Schneider is guided by five megatrends, first of which is the struggle to meet the global commitment to limit global warming to 1.5 degrees over the level during the industrial revolution of the 1800s. It had been determined under the Paris agreement that going beyond this limit will be catastrophic especially for countries like the Philippines, which, according to the latest World Bank report, is the most at risk to natural disasters. Another megatrend is energy transition, or the shift from traditional fossil-fuel based power sources to renewables. Discussions on energy transition, however, have been skewed toward the supply side, which means the need to ramp up the installation of renewable energy sources such as solar or wind plants to add to the capacity. Not enough attention has been placed on the demand side, which covers how to reduce the need or consumption of electricity to ease the pressure on the grid and reduce the need to put up additional power sources. This is where Schneider Electric aims to make a difference, given its purpose to “create impact by empowering all to make the most of our energy and resources, bridging progress and sustainability.” Schneider Electric, she said, walks the talk by retrofitting its own factories to make them more efficient, and it can deploy the same suite of solutions to help other companies make their factories or offices more economical, thus making the most of the energy that they consume. Another megatrend is digitization and artificial intelligence (AI). Leong underscored that we are all just seeing the beginning of AI. More applications will be developed around the world to the point that the world will need as much as 4.2 times more electricity to power AI and then the data centers—essentially servers—that will store all the data to be produced and then processed. “We power one in two data centers globally. It is an honor, privilege, and responsibility to make data centers more environment-friendly,” she said, “This is not about hugging trees. It makes business sense to make them much more efficient.” Leong said she sees Schneider Electric performing two roles—one is as a sustainability practitioner, which means setting and then achieving targets to reduce its own carbon footprint, and the other as a sustainability manufacturer, and also a provider of technology solutions so that others can achieve their own targets. The first step in helping customers achieve their sustainability goals through power efficiency is by auditing their current operations to gather baseline data. From there, Schneider sits down with the client to draw up a road map of how they can achieve their set targets, such as reducing their electricity consumption or adding more capacity without requiring more power. Then Schneider helps them digitize so that all relevant data can be connected to a central depository and then processed to see where efficiencies can be unlocked. Lastly, it helps companies decarbonize, or reduce their carbon footprint, through Schneider hardware, which ranges from surge protectors to lighting fixtures, and the eco-structure software that enables companies to connect all of their assets so they can make their energy usage visible, and through which they will be able to monitor and manage their energy use and thus contribute to their own sustainability goals. All these interventions combined can help large power users, from data centers to critical buildings such as hospitals and schools to the manufacturing and infrastructure sectors such as utilities, reduce their energy consumption. Subscribe to our daily newsletter By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . That is the proposition it offers to important and growing markets such as the Philippines, which needs all the help it can get to make the most of the costly power it consumes.panalo 999 net
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As Protest Mounts, GD Leadership Grapples to Manage FalloutGREEN BAY, Wis. (AP) — Defending the run has been one of the Green Bay Packers’ weaknesses over the last several years. Not so much lately, though. Green Bay limited San Francisco to 16 carries for 44 yards in a 38-10 rout of the 49ers on Nov. 24, with two-time All-Pro Christian McCaffrey gaining 31 yards on 11 attempts. Four nights later, the Packers beat Miami 30-17 by holding the Dolphins to 39 yards on 14 carries. It was the first time since 1995 — and only the second time since 1950 — that the Packers had allowed fewer than 45 yards rushing in back-to-back games within the same season. “I think we’re playing harder and harder each week,” first-year defensive coordinator Jeff Hafley said. “And that’s how you play good defense.” That defense needs to be at its best Thursday as the Packers (9-3) close a stretch of three games in 12 days by visiting the NFC North-leading Detroit Lions (12-1), who have the NFL’s highest-scoring offense thanks in part to a rushing attack featuring the speedy Jahmyr Gibbs and the physical David Montgomery. “Gibbs is a great running back,” defensive lineman Kenny Clark said. “I really think the offense really starts with him, honestly. He can do everything — receive, in-and-out runner, can do stretch, duo plays. We’ve got to have all hands on deck with Gibbs. And then Montgomery, he’s a great complement to him. He can do everything, also.” The Lions were the first team since the 1975 Miami Dolphins to rush for at least 100 yards and a touchdown in each of their first 11 games. The streak ended on Thanksgiving when the Lions rushed for 194 yards but didn’t have a touchdown on the ground in a 23-20 victory over the Chicago Bears. Green Bay outrushed Detroit 138-124 in the Packers’ 24-14 loss to the Lions on Nov. 3 at Lambeau Field. Montgomery rushed for 73 yards while Gibbs ran for 65 yards and a touchdown. Gibbs has 973 yards this season, which ranks fourth in the NFL. Montgomery ran for a combined 192 yards and four touchdowns in the Lions’ two games against the Packers last season. Green Bay’s run defense has come a long way since. The Packers have allowed 106.6 yards rushing per game this season, which ranks eighth in the league. The Packers haven’t closed a season in the top 10 in run defense since 2016 and have finished outside the top 20 in four of the last six years, including 26th in 2022 and 28th in 2023. “I think Haf’s doing a good job of mixing up the fronts and some of the coverages, but really it’s ultimately about tackling, swarming, getting many hats to the football,” Packers coach Matt LaFleur said. “And our guys have really embraced that style of play.” The Packers are yielding 4.2 yards per carry to rank seventh in the league after finishing 22nd or worst in that category each of the last three seasons. They haven’t closed a season ranked in the top 10 in yards allowed per carry since 2017. Hafley says the improvement starts up front. “The interior part of our D-line has done such a good job these last few games,” Hafley said. “They really have. They’re hard to block. They’re staying in their gaps. They’re tearing off of blocks, and it’s the same thing with those defensive ends. They’re setting edges, they’re forcing the ball back inside, they’re getting off blocks and then we’re tackling and we’re running to the ball and there’s multiple people to the ball. “And when you turn on our tape right now and when you freeze it, you see that. You see a lot of guys around the football. And then you’re not afraid, right? Like if I have an open-field tackle and I know eight other guys are coming, I’m going to take my shot because I know if I miss, it’s going to be, ‘Bang, bang, bang,’ we’ve got three or four other guys there, and we’re starting to play faster.” Green Bay's defense has the Lions’ attention. “They’ve been playing well,” Detroit coach Dan Campbell said. “I mean, they have, really, all season, and nothing has changed.” ___ AP Sports Writer Larry Lage contributed to this report. ___ AP NFL: https://apnews.com/hub/NFL Steve Megargee, The Associated Press
Trump turns to outsider to shake up Navy, but his lack of military experience raises concernsMajor poll puts Ireland’s lead parties near neck-and-neckMANCHESTER, England (AP) — Manchester City manager Pep Guardiola denied he has a “personal problem” with Kevin De Bruyne and insisted Tuesday the playmaker's absence from the team in recent weeks was down to his fitness issues. Read this article for free: Already have an account? To continue reading, please subscribe: * MANCHESTER, England (AP) — Manchester City manager Pep Guardiola denied he has a “personal problem” with Kevin De Bruyne and insisted Tuesday the playmaker's absence from the team in recent weeks was down to his fitness issues. Read unlimited articles for free today: Already have an account? MANCHESTER, England (AP) — Manchester City manager Pep Guardiola denied he has a “personal problem” with Kevin De Bruyne and insisted Tuesday the playmaker’s absence from the team in recent weeks was down to his fitness issues. City has not won in seven games in all competitions — its worst run under Guardiola — and De Bruyne has featured only as a substitute in the last five of those matches after recovering from a pelvic injury. The Belgium midfielder was injured during City’s Champions League match with Inter Milan on Sept. 18 and hasn’t started since. A number of prominent pundits, including former City defender and club ambassador Micah Richards, have questioned why De Bruyne has not been starting games amid the champions’ dramatic slump. Richards said on “The Rest is Football” podcast that it appeared “there’s some sort of rift going on” between De Bruyne and Guardiola. Guardiola responded in his news conference ahead of Wednesday’s Premier League match against Nottingham Forest, saying: “People say I’ve got a problem with Kevin. Do you think I like to not play with Kevin? No, I don’t want Kevin to play? “The guy who has the most talent in the final third — I don’t want it? I have a personal problem with him after nine years together? He’s delivered to me the biggest success to this club, but he’s been five months injured (last season) and two months injured (this year). He’s 33 years old. He needs time to find his best, like last season, step by step. He’ll try to do it and feel better. I’m desperate to have his best.” Both De Bruyne and Guardiola have spoken since of the pain De Bruyne was in after his injury against Inter and the need to ease him back into action. De Bruyne is in the final year of his contract. “I’d love to have the Kevin in his prime, 26 or 27. He would love it too — but he is not 26 or 27 anymore,” Guardiola said. “He had injuries in the past, important and long ones. He is a guy who needs to be physically fit for his space and energy. You think I’m complaining? It’s normal, it’s nature. He’s played in 10 or 11 seasons a lot of games and I know he is desperate to help us. He gives glimpses of brilliance that only he can have.” ___ AP soccer: https://apnews.com/hub/soccer Advertisement
No. 7 Tennessee extends its season-opening winning streak to 7 games in 78-35 win over UT Martin
Citigroup Inc. grew its position in shares of KB Home ( NYSE:KBH – Free Report ) by 62.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,051 shares of the construction company’s stock after purchasing an additional 40,992 shares during the period. Citigroup Inc. owned 0.15% of KB Home worth $9,173,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also modified their holdings of the company. Tidal Investments LLC acquired a new stake in KB Home during the first quarter worth approximately $1,177,000. Comerica Bank increased its position in KB Home by 123.0% during the first quarter. Comerica Bank now owns 75,154 shares of the construction company’s stock worth $5,327,000 after purchasing an additional 41,452 shares during the last quarter. Cetera Investment Advisers acquired a new position in shares of KB Home in the 1st quarter valued at $1,588,000. Charles Schwab Investment Management Inc. grew its stake in shares of KB Home by 22.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock valued at $77,655,000 after buying an additional 164,010 shares during the period. Finally, AdvisorShares Investments LLC acquired a new stake in shares of KB Home during the 2nd quarter worth $479,000. 96.09% of the stock is currently owned by hedge funds and other institutional investors. KB Home Stock Performance NYSE:KBH opened at $82.79 on Friday. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 0.71 and a beta of 1.81. KB Home has a one year low of $51.53 and a one year high of $89.70. The business’s 50-day simple moving average is $81.24 and its 200 day simple moving average is $77.95. KB Home Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Thursday, November 14th. KB Home’s dividend payout ratio is currently 12.82%. Analyst Upgrades and Downgrades KBH has been the subject of several research analyst reports. Bank of America upped their price target on KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. Wells Fargo & Company cut shares of KB Home from an “equal weight” rating to an “underweight” rating and lifted their price target for the company from $80.00 to $83.00 in a research report on Monday, October 7th. Barclays increased their price objective on shares of KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Royal Bank of Canada lowered shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 target price on the stock. in a report on Thursday, September 5th. Finally, The Goldman Sachs Group upped their price target on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $77.50. Get Our Latest Stock Report on KBH Insider Transactions at KB Home In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the transaction, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,737,156.20. This trade represents a 44.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website . Insiders own 4.44% of the company’s stock. KB Home Profile ( Free Report ) KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers. Further Reading Want to see what other hedge funds are holding KBH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KB Home ( NYSE:KBH – Free Report ). Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter .
San Jose State's volleyball team, the subject of a national debate about participation in women's sports, was beaten by Colorado State 27-25, 25-20, 23-25, 25-16 in Saturday's Mountain West tournament final, ending the Spartans' season. The Rams (20-10) received the conference's automatic bid to the 64-team NCAA Tournament. Watch NBC Bay Area News 📺 Streaming free 24/7 San Jose State's season was marked by forfeits, limited protests and the topic of gender identity becoming a political issue in an election year. The Spartans were 14-6. “I will not sugarcoat our reality for the last two months,” Spartans coach Todd Kress in a statement issued by the athletic department. "Our team prepared and was ready to play each match according to established Mountain West and NCAA rules of play. We did not take away anyone’s participation opportunities. “Sadly, others who for years have played this same team without incident chose not to play us this season. To be clear, we did not celebrate a single win by forfeiture. Instead, we braced for the fallout. Each forfeiture announcement unleashed appalling, hateful messages individuals chose to send directly to our student-athletes, our coaching staff, and many associated with our program.” The controversy didn't end during the Mountain West tournament. Boise State, which twice boycotted regular-season matches with San Jose State, pulled out of the conference tournament on Wednesday night, hours after it defeated Utah State to secure a spot against the Spartans in Friday’s semifinals. While the Broncos didn’t announce explicitly why they withdrew, a lawsuit was recently filed in Colorado by players from various schools against the conference and San Jose State officials calling for a Spartans player to be blocked from participating in the tournament. They cited unspecified reports asserting there was a transgender player on the San Jose State volleyball team, even naming her. U.S. Magistrate Judge S. Kato Crews in Denver ruled Monday that the player was allowed to play, and a federal appeals court upheld the decision the following day. San Jose State, which received six forfeit victories because of boycotts from opponents during the regular season, was seeded second in the conference tournament and received a first-round bye. “This has been one of the most difficult seasons I’ve ever experienced and I know this is true as well for many of our players and the staff who have been supporting us all along,” Kress said. “Maintaining our focus on the court and ensuring the overall safety and well-being of my players amid the external noise have been my priorities.” In addition to Boise State, Mountain West members Wyoming, Utah State and Nevada as well as Southern Utah canceled matches this season against the Spartans. Nevada’s players said they “refuse to participate in any match that advances injustice against female athletes,” without providing further details. Colorado State chose to play San Jose State in the regular season and for the conference title, even with the uncertainty of what might await Saturday. It turned out to be a fairly routine day. There were no protesters outside of Cox Pavilion, and there also were no noticeable signs of hostility directed from the crowd of about 100 in the championship match. “We've talked about it every single week that we have to play with the extra noise and minimizing the time you spend on social media and maximizing the time we spend on our scouting report and controlling what we can control," Colorado State coach Emily Kohan said. “We can't control what the crowd's going to do, what lineups roll out there or what's going to happen. We can control the way we play on our side, and that's what we've done all year with any opponent we've played.” While some media have reported those and other details, San Jose State has not confirmed the school has a trans women’s volleyball player. The Associated Press is withholding the player’s name because she has not publicly commented on her gender identity and through school officials has declined an interview request. Participation of transgender women in women’s sports became a hot political topic ahead of the recent election. ___ AP college sports: https://apnews.com/hub/college-sports
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Around 71 percent of internal migrant workers in Bangladesh migrate due to livelihood challenges or a lack of job opportunities, while 69 percent are driven by lower wages, according to a new survey revealed yesterday. The survey, which covered 2,505 individuals across 10 districts (five source and five destination), was conducted by People's Courage International and the Association for Community Development (ACD). The findings were presented at a panel discussion, titled "Coping with Climate: How Extreme Weather is Already Impacting Internal Migrants", held at a private hotel in Dhaka. Anika Azhar, representing People's Courage International and Sharmin Sabrina of ACD shared the study's results. According to the research, 48 percent of internal migrants prioritise better healthcare when choosing a destination, with 85 percent seeking higher wages. The study also found that migration driven by debt repayment exacerbates migrants' financial challenges. Climate change impacts 55 percent of migrants from source districts, with 13 percent of those at their destination also affected. To cope with extreme weather, over 30 percent of migrants from source areas are using their savings. The study said that migration between districts is increasing due to rising temperatures, floods, and heavy rainfall. Moreover, 80 percent of migrants at their destination face wage loss, with 41 percent experiencing wage cuts and 20 percent losing their jobs entirely. In response to these challenges, the study calls for the identification of vulnerable communities and the creation of targeted action plans, including social protection programmes to mitigate the effects of extreme weather. Experts at the event emphasised the need for further academic and practical dialogue on the intersection of climate change and migration. They called for more collaboration among experts to address the growing challenges posed by climate-related migration and urged proactive measures to support affected communities. Subrata Paul, Project Coordinator of ACD; Prof Chowdhury Sarwar Jahan from Rajshahi University; Md Anwar Hossain of the NGO Affairs Bureau, and representatives from Winrock International, IOM, and the Ministry of Social Welfare were also present among others.
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