Day: October 22, 2024
Staff Reporter : Transparency International Bangladesh (TIB) has expressed concern over the lack of active participation from the private sector in the interim government’s advisory council, as well as the insufficient attention given to this sector in the government’s ongoing policy reform activities. In a statement issued on Sunday, TIB emphasized that it would be nearly impossible to establish a non-discriminatory and participatory development system or reform labor policies in this crucial sector without including the private sector, which is...
Business Report : Complete normalcy has returned to the country’s garments sector as almost all factories are open now.All factories are open in Narayanganj, Gazipur and Dhaka Metropolitan area, according to a garment sector situation update released by the chief adviser’s press wing. A minor crisis was reported in 3 factories at Savar-Ashulia, Narayanganj and Gazipur.Currently, only one factory, as per rule 13/1, out of 401 is closed throughout the Savar-Ashulia area, the situation update said....
AFP : Asian markets swung Monday as traders weigh Chinese central bank interest rate cuts aimed at reigniting the world’s number two economy, while gold hit a record high on geopolitical concerns. Another record day on Wall Street on Friday was unable to inspire a similar rally at the start of the week, with traders also gearing up for the latest company earnings season. The People’s Bank of China said it had slashed two key rates to all-time lows as...
Business Report : After witnessing a downward trend in the last several sessions, indices of the Dhaka Stock Exchange (DSE) on Monday rebounded as investors remained active on sector-wise issues. After witnessing volatility, DSEX, the prime index of the DSE, went up by 12.38 points or 0.24 per cent to settle at 5,173.11. The blue-chip index DS30, which comprises 30 prominent companies, saw an increase of 7.54 points, closing at 1,903.79. Meanwhile, the DSES Index, representing Shariah-based companies, rose by...
Business Report : Bangladesh is at risk of falling into a climate debt trap, said the Change Initiative’s latest report noting that while the country had no climate debt per capita in 2009, it reached $79.61 (Tk9,485) per capita by 2022. The report titled “Equity and Justice in Climate Finance: Climate Debt Trap Risks for Bangladesh and Other LDCs” warns that reliance on debt-based climate finance could hinder economically weaker countries from adapting to the growing impacts of climate change...
Business Desk : Banks will be able to borrow through repo lending from the Bangladesh Bank only on Tuesday of every week starting from 1 November. The Bangladesh Bank ( BB) made the announcement in a circular on Monday.Moreover, banks will be able to take overnight repo on the day of the Reserve Maintenance Period (RMP) for the convenience of maintaining the Cash Reserve Ratio (CRR) of the banks, it said. Prior, from the first day – 1 July –...
Business Report : Bank Asia is currently offering home finance/investment facilities at the lowest profit rate making it much more convenient for you to build your dream home or own your dream flat. Under Bank Asia Islamic Banking services, you can have your desired home finance/investment at a 10.50% profit/rent rate only. Moreover, no compounding profit/rent and no additional fees/charges for pre-maturity adjustments will be charged from the investment customer. In the case of a salaried customer, an employment certificate,...
Business Report : The introduction of the electronic Project Management Information System (e-PMIS) is set to significantly improve the quality of project implementation by providing real-time data and project status updates. This observation was highlighted during a stakeholder consultation workshop on the dissemination of e-PMIS software, held on Monday at the NEC Auditorium on the campus of Bangladesh Planning Commission in the capital. At the event, it was noted that the e-PMIS can play a significant role in monitoring project...
Business Report : MYJOBS celebrated its 14th anniversary, unveiling four new AI-based digital products at a restaurant in the capital....