Business Report : “A delegation of the interim government will visit Nepal soon to sign the agreement for import of...
Business Desk : Islami Bank Bangladesh PLC has achieved the GIFA Awards 2024 in the “Most Outstanding Islamic Bank 2024” category, conferred by the UK-based Global Islamic Finance Awards (GIFA).This was handed over at the Global Islamic Finance Summit held on 17 September 2024 at Paradise Island, Maldives. Senior officials from international regulatory agencies, banks, and non-banking financial institutions participated in the event. Md. Obayed Ullah Al Masud, Chairman and Mohammed Monirul Moula, Managing Director of the Bank, along with...
Business Report : Bangladesh’s garment industry has solidified its reputation as a global leader in sustainability, now boasting 229 certified eco-friendly factories, according to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).On Saturday, the BGMEA confirmed the recognition of three new environment-friendly factories – Ananta Huajing Limited in Narayanganj, Sepal Garments Limited in Gazipur, and Unitex Spinning Limited (Unit-2) in Sitakunda, Chattogram. With these additions, the total number of green factories in Bangladesh’s readymade garment and textiles sector has reached...
Washington : Central banks face a “difficult balancing act” as they start lowering interest rates around the world in the...
Reza Mahmud : Ensuring security in industries and bank loans with easy conditions and necessary intensives could boost the economy...
Business Report : Multilateral Development Banks (MDBs) have announced that their global climate finance reached a record high of US$125 billion in 2023.Last year, the combined total from the institutions including the Asian Development Bank (ADB) is more than double the amount provided in 2019, when MDBs announced their ambition to increase climate finance levels over time at the United Nations Secretary General’s Climate Action Summit, said an ADB press release here on Saturday.“We welcome the fact that MDBs provided...
Business Desk : In a landmark collaboration to improve the welfare of migrant workers, Ami Probashi Limited has entered into...
Business Desk : LankaBangla Finance PLC announced its collaboration with Mastercard and PriyoShop, an on-demand B2B marketplace, to introduce a...
Business Dsek : The Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) has donated Tk50 lakh in medical aid for treatment of the students and general people who were injured during the Anti-Discrimination Student Movement.Mohammed Hatem, president of the association, handed over the cheque to the leaders of the Anti-Discrimination Student Movement on 19 September at BKMEA’s Dhaka office, says a press release.Paying homage to the martyrs of the movement, the president stated that alongside the government, other stakeholders must come...
Business Desk : The United Nations-declared ‘World Peace Day-2024’ was celebrated in the capital Dhaka with colorful arrangements. JMI Group,...
AFP : The Federal Reserve’s big interest rate cut this week is not a sign that the US economy is “falling behind,” Fed governor Christopher Waller said in an interview on Friday.“It’s not about reacting to, or falling behind or anything like that,” he told CNBC. “I do not believe we’re behind.” Waller was responding to arguments that the central bank should not do a half percentage point rate cut — instead opting for a smaller reduction — as this...