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Graft still a major hurdle to country's development

Bangladesh still has a long way to go to accomplish the vision of 'Sonar Bangla' or the Golden Bangla, as dreamt of by Bangabandhu, economic analysts said.They regretted that corruption has been a major cause for concern in the nation's development journey.They made the observations at a virtual programme on...

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Small-scale farmers need decent wages: IFAD

President of the International Fund for Agricultural Development (IFAD) Gilbert F. Houngbo has said it is outrageous that rural small-scale farmers in developing countries, who grow one-third of the global food, are paid a pittance for their work, reports UNB.The IFAD president on Thursday asked the world leaders attending the...

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Push for more focus on loans to women entrepreneurs

Bank-client relationship was not the only criterion for disbursements from the stimulus package, rather the loans could be given based on books of accounts as per the circular, Bangladesh Bank Deputy Governor Abu Farah Md Nasser said on Wednesday, reports UNB.He was speaking at the 9th Financial Sector Development Working...

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32nd annual general meeting of BASIC Bank

The 32nd annual general meeting of BASIC Bank Limited was held at the Head Office of the bank on Thursday, with its Chairman Prof Dr. Abul Hashem in the chair. Managing Director & CEO Md Anisur Rahman delivered the welcome address. Abdullah Harun Pasha, Additional Secretary, Financial Institutions Division, Ministry...

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11th annual general meeting of Bangladesh Development Bank

The 11th annual general meeting of Bangladesh Development Bank Limited was held on a virtual platform on Thursday, with Senior Director at the bank and Additional Secretary at the Finance Division, Ministry of Finance, Md Ekhlasur Rahman in the chair. Joint Secretary, Financial Institutions Division, Ministry of Finance, Mrityunjoy Saha...

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Apicorp launches first green bond framework

DUBAI, Sept 23 (Arab News): The Arab Petro-leum Investments Corpor-ation (Apicorp) has launched its first green bond framework.It follows the recent approval of the OPEC-created financial institution's environmental, social, and governance (ESG) policy framework, as it aims to develop the sustainable financial market. The framework will be used to raise...

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Brazil central bank raises interest rate by one point

BRASILIA, Sept 23 (AFP): Brazil's central bank raised its benchmark interest rate by one point Wednesday to 6.25 per cent in an attempt to curb runaway inflation in a country struggling to recover from the coronavirus pandemic.The move, which was unanimously agreed upon by the bank's Monetary Policy Committee, was...

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Sadharan Bima Corporation received Tk 10,956,753 in dividends for 2020-21 financial year

Sadharan Bima Corporation received Tk 10,956,753 in dividends for 2020-21 financial year on Tk 100 million it invested in MTB Unit Fund managed by the Capital Asset Management Limited. CEO of Capital Asset Management Asadul Islam handed over the dividend cheque to Managing Director of Sadharan Bima Corporation Syed Shahriyar...

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US business optimism in China rebounds

BEIJING, Sept 23 (Reuters): US companies' optimism about business conditions in China has recovered to hit three-year highs even though the firms have reservations about Beijing's COVID-19 policy, an annual survey showed on Thursday.Beijing's wide-ranging crackdown on companies has also unnerved US firms, an American industry lobby executive said.The American...

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