Business Report : IDLC Finance PLC announced the signing of new collaboration agreement with the International Finance Corporation (IFC) to accelerate growth in Bangladesh’s SME and supply chain financing sector.Building on the successful partnership established in 2014, which focused on empowering women entrepreneurs, development of scorecard-based lending model & loan origination system, and expansion into affordable housing market, this renewed collaboration will undertake a comprehensive 360° assessment of the SME market.The assessment will provide crucial insights and strategic recommendations, supporting...
Business Report : Stock markets on Sunday finished the session of the week flat as the major indices of the both Dhaka and Chittagong stock exchanges showed slightly down amid lower activities of large-cap securities.The benchmark index of the Dhaka bourse closed the day with 0.30 point down at 5,734.97. The blue-chip DS30 also followed the same trend with 11.64 points down at 2,094.80. But, the Shariah DSES closed the day with 5.66 points up at 1,263.48.Out of 400 issues...
Business Report : Bangladesh has received $1.63 billion in remittances in 21 days of September 2024, according to a report...
Business Report : Three more readymade garment (RMG) factory units in Bangladesh have obtained United States Green Building Council’s (USGBC) leadership in energy and environmental design (Leed) certificates recently, according to the BGMEA.With this, Bangladesh has further solidified its position as a global leader in environmentally friendly apparel manufacturing.It now boasts 226 Leed-certified factories, including 91 platinum-rated, 124 gold-rated, 10 silver-rated, and four certified factories.In August, Unitex Spinning Ltd Unit-2, a factory unit based in Sitakunda, Chittagong, received a platinum...
Business Report : British-Irish Company Deltaport Limited is going to invest $36 million to set up a garment manufacturing industry...
AFP, Tokyo : Japanese inflation rose slightly in August, with prices up 2.8 percent year-on-year, official data showed Friday, hours before the Bank of Japan was widely expected to leave interest rates unchanged.The core Consumer Price Index (CPI) data, which excludes volatile fresh food prices, followed a reading of 2.7 percent in July and was in line with market expectations.Later Friday the BoJ was forecast to leave its benchmark interest rate unchanged, with all 53 economists polled by Bloomberg News...
Business Report : Prime Bank PLC has recently signed an agreement with Nippon Signal Bangladesh Private Ltd at the bank’s...
AFP, COLOMBO : The party of a Marxist leader on track to win Sri Lanka’s presidential vote vowed Sunday not to scrap the country’s unpopular $2.9 billion IMF bailout agreement, but instead renegotiate it.Presidential candidate Anura Kumara Dissanayaka and his People’s Liberation Front will “not tear up” the IMF deal, party politburo member Bimal Ratnayake told AFP.“Our plan is to engage with the IMF and introduce certain amendments,” Ratnayake said.“We will not tear up the IMF programme. It is a...
BSS : Switzerland is keen to support Bangladesh to overcome the country’s economic challenges.Ambassador of Switzerland to Bangladesh Reto Renggli today expressed the keenness while meeting with Planning Adviser Wahiduddin Mahmud at the Planning Ministry in the city, said a press release.During the meeting, they discussed various issues, including human rights, labour law and climate change.Wahiduddin Mahmud thanked the Swiss envoy and laid emphasis on expanding technology based education in the country to increase productivity and competitiveness in the world...