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Advancing sustainability reporting with IFRS standards

Md Touhidul Alam Khan | 2025-06-28 00:00:00

In recent years, the global shift towards sustainability has become increasingly evident, prompting a growing recognition of the critical importance of transparent and consistent reporting. As investors demand clearer insights into how companies are managing their sustainability risks and opportunities,...

Budget bereft of regenerative structural reforms

FE REPORT | 2025-06-27 12:00:00

Kick-starting structural reforms is imperative to spur economic growth, rebuild investor confidence and reverse the ongoing economic slowdown, but the new budget falls short on this account, experts and economists said.Such conclusion was drawn at a meet Thursday after doing...

Gross reserves cross $30b mark after two years

JUBAIR HASAN | 2025-06-27 12:00:00

Bangladesh enjoys a feel-good ambience on the foreign-exchange front now as steady inflows push its gross dollar-denominated reserves above US$30-billion mark after two years, latest official statistics show. The country's gross foreign-exchange reserves crossed $30.5 billion following the release of...

What SMEs lack to thrive on technology-driven global mkt

Jahidul Islam | 2025-06-27 00:00:00

There is no denying that small and medium enterprises (SMEs) stand as the backbone of Bangladesh's developing economy, contributing substantially to employment creation, grassroots innovation, rural industrialization, and inclusive growth across both formal and informal sectors nationwide. But what is...

BRAC Bank: The largest collateral-free CMSME financier in Bangladesh

2025-06-27 00:00:00

Banks should adopt a clear agenda to serve the CMSME segment by tailoring products for meet their specific banking needs, said Mr Tareq Refat Ullah Khan, managing director and CEO of BRAC Bank, while explaining the important role the BRAC...

Banks increasingly turning to CMSME financing

2025-06-27 00:00:00

With around 8.0 million (80 lakh) CMSMEs contributing nearly 90% of Bangladesh's business landscape, banks are increasingly focusing on this vital segment. As exposure to corporate and institutional lending reaches saturation, many banks are turning to CMSME financing to diversify...

Easy access to funds, policy support must-haves to revitalize SMEs

SYFUL ISLAM | 2025-06-27 00:00:00

A great array of over 11.8 million smaller enterprises across Bangladesh are a pivot to its economy, all together contributing around 30 per cent to the country's gross domestic product (GDP). However, they get a negligible amount as loans from...

How to steer a rough course

Jasim Uddin Haroon | 2025-06-27 00:00:00

Country-status change has a price for businesses to pay. As Bangladesh approaches its graduation from least-developed country (LDC) status in 2026, concerns run high that its small and medium enterprises (SMEs) in particular may face challenges in exporting goods in...

Jofra Archer makes long-awaited return to Test squad

2025-06-27 00:00:00

LONDON, June 26 (AFP): Paceman Jofra Archer has been named in England's squad for the second Test against India after an absence of more than four years.The 30-year old fast bowler, hampered by injuries during his career, has played just...

Cristiano Ronaldo to stay at Al Nassr until 2027

2025-06-27 00:00:00

RIYADH, Saudi Arabia, June 26 (AFP): Cristiano Ronaldo inked a two-year extension with Saudi Arabia's Al Nassr, the club announced Thursday, following months of speculation over which team he would sign for next season."Cristiano Ronaldo is staying at @AlNassrFC until...

BD team hold first training session in Yangon despite rain

2025-06-27 00:00:00

Defending SAFF Women's champions Bangladesh team, now in Yangon to play the Group C matches of the AFC Women's Asian Cup Qualifiers, conducted their first practice session on Thursday despite the rainy weather in the Myanmar capital, reports UNB.Two times...

Messi earns $20.4m, highest-paid in MLS for third straight year

2025-06-27 00:00:00

NEW YORK, June 26 (AP): Lionel Messi is the highest-paid player in Major League Soccer for the third straight year with total annual compensation of $20,446,667, greater than the entire payroll of 21 teams.Messi's base compensation is $12 million, the...

Tough day for Tigers

2025-06-27 00:00:00

COLOMBO, June 26 (AFP): In-form opener Pathum Nissanka scored an unbeaten 146 as Sri Lanka tightened their grip on the second Test against Bangladesh on day two in Colombo on Thursday.The hosts were 290-2 at stumps, a lead of 43...

Jashore, Gopalganj road accidents kill four

2025-06-27 00:00:00

A total of four persons were killed in separate road accidents in Jashore and Gopalganj districts on Thursday, report agencies.In Jashore, two people were killed and two others injured in a road accident on the Jashore-Benapole highway in Jashore Sadar...

Barguna farmers demand construction of sluice gate to prevent waterlogging

2025-06-27 00:00:00

BARGUNA, June 26 (UNB): Farmers in five villages of Barguna's Amtali upazila formed a human chain on Thursday demanding construction of a sluice gate after removing an embankment built across the Garai canal to prevent waterlogging that has damaged thousands...

Move to shift a cath machine disappoints local residents

A CORRESPONDENT | 2025-06-27 00:00:00

MANIKGANJ, June 26: After years of wait, two modern cardiac catheterisation laboratories (cath labs) were installed at Manikganj Medical College Hospital, bringing hope for advanced cardiac care at the district level. However, due to prolonged delays in launching the services,...

Public procurement to undergo major reforms

2025-06-27 00:00:00

The government is set to launch a new project to fully digitise and reform the country's public procurement system, reports UNB.The five-year project, titled "Procurement Modernisation to Improve Public Service Delivery (PMIPSD)" envisioned the use of advanced technology and capacity...

Islami Bank holds board meeting -_-

2025-06-27 00:00:00

A meeting of the board of directors of Islami Bank Bangladesh PLC was held at the Islami Bank Tower in the city on Thursday. Obayed Ullah Al Masud, chairman of the bank, presided over the meeting. Mohammad Khurshid Wahab, chairman...

Midland Bank signs deal with Visa to launch "Visa Direct for Account"

2025-06-27 00:00:00

Midland Bank signed an agreement with Visa, a global leader in digital payments, to launch the "Visa Direct for Account."The signing ceremony was held recently. Managing Director of Midland Bank Md Ahsan-uz Zaman presided over the function. Sabbir Ahmed, Country...

BNP delegation visits world's largest EV manufacturing firm in China

2025-06-27 00:00:00

A delegation of Bangladesh Nationalist Party (BNP) has visited the world's largest electric vehicle manufacturer - BYD - in China, reports BSS.BYD is currently one of the largest employment generating companies in the world.The company directly employs about one million...

Padma Bridge marks 3yrs of operation, over Tk 25 billion toll collected

2025-06-27 00:00:00

In the three years since the Padma Bridge opened to traffic, a total of Tk 25 billion (2,500 crore) has been collected in tolls as of Thursday, reflecting the project's significant impact on connectivity and economic activity in southern Bangladesh,...

MIDAS celebrates International MSME Day 2025

FE REPORT | 2025-06-27 00:00:00

With calls to bridge the digital knowledge gap and encourage export-focused ventures, MIDAS celebrated International MSME Day 2025 by rallying women entrepreneurs and other stakeholders under one roof.From trade fair announcements to AI readiness, the event aimed to strengthen grassroots...

Manufacturers take lead in industry-wide transformation

MONIRA MUNNI | 2025-06-27 00:00:00

In a significant step towards environmental sustainability, global apparel and textile manufacturers have launched the Apparel and Textile Transformation Initiative (ATTI), placing manufacturers at the centre of efforts to address climate and environmental challenges across the supply chain. The initiative,...

Greater cooperation between Bangladesh and South Korea stressed

FE REPORT | 2025-06-27 00:00:00

Participants at a programme laid emphasis on a greater cooperation between Bangladesh and South Korea.They also stressed the need for further strengthening collaboration between the two countries especially in the field of infrastructure development. The observations were made an "Infrastructure...

US companies sign Africa deals in 'trade over aid'

2025-06-27 00:00:00

LUANDA, June 26 (AFP): US companies pledged investments in Africa ranging from power lines to digital infrastructure at a business summit that underscored Washington's push for growth through trade not aid, US authorities said Thursday.The deals were agreed at the...

India, US trade talks face roadblocks ahead of tariff deadline

2025-06-27 00:00:00

NEW DELHI, June 26 (Reuters): Trade talks between India and the US have hit a roadblock over disagreements on import duties for auto components, steel and farm goods, Indian officials with direct knowledge said, dashing hopes of reaching a deal...

BBC rolling out paid subscriptions in US

2025-06-27 00:00:00

LONDON, June 26 (Reuters): The BBC is rolling out paid subscriptions in the United States, it said on Thursday, as the publicly-funded broadcaster explores new revenue streams amid negotiations with the British government over its funding.The BBC has in recent...

S Korea’s president urges approval of $22.5b extra budget

2025-06-27 00:00:00

SEOUL, June 26 (AFP): South Korea's President Lee Jae Myung called on parliament on Thursday to approve a $22.5 billion supplementary budget aimed at reviving the economy, in his first address to MPs since taking office.Lee was elected in a...

Shell says not in talks to buy BP

2025-06-27 00:00:00

LONDON, June 26 (AFP): British oil major Shell said Wednesday it was not in talks with BP to acquire its rival, after the Wall Street Journal reported there had been preliminary discussions."This is further market speculation. No talks are taking...

FSIB holds board meeting

2025-06-27 00:00:00

The 304th meeting of the board of directors of First Security Islami Bank (FSIB) PLC was held at the bank's head office in the city on Wednesday. Chairman of the bank Mohammad Abdul Mannan presided over the meeting. FSIB Vice...