Banks in the European Union must have a 10-year plan spelling out how they will deal with environmental, social and governance (ESG) risks to their bottom line, the bloc’s banking watchdog said on Wednesday.

The World Bank on Tuesday agreed to boost its spending on climate change to 35 per cent from 28 per cent and to provide annual progress reports to its board after its draft climate change action plan came under fire for lacking a clear implementation strategy.

Euro zone business growth accelerated at its fastest pace in 15 years in June as the easing of lockdown measures unleashed pent-up demand and drove a boom in the dominant services sector but also led to soaring price pressures, a survey found.

Two Walton customers have recently won Tk 10 lakh each on purchasing refrigerators under a “Eid Mega Festival” programme of a nationwide ongoing “Digital Campaign Season 11”.

Although oilseed production in Bangladesh has almost doubled in the last 12 years, most of the local demand for edible oil is met through imports, according to Agriculture Minister Muhammad Abdur Razzaque.

Stocks of Malek Spinning jumped 9.72 per cent after news broke that the company is going to invest Tk 213 crore to expand its production capacity in order to meet the growing demand for yarn.

The stock market dropped for a second consecutive day yesterday as a tendency to book profits continued to prevail among investors.

The government is going to import 50,000 tonnes of rice from neighbouring India at Tk 31.91 per kilogramme.

As the coronavirus pandemic took hold in Bangladesh in March last year, Standard Chartered Bangladesh (SCB), took steps to keep its operations up and running, protect employees, and support clients.

Mongla Customs House has sent a rejoinder to a report headlined “CAR IMPORT VIA CTG, MONGLA PORTS -- Value differs, so does tariff” published in The Daily Star on April 21.

Bangladesh’s first green sukuk has got the nod from the Bangladesh Securities and Exchange Commission (BSEC) to raise Tk 3,000 crore in funds.

Banks and non-bank financial institutions can receive 100 per cent liquidity support to lend to cottage, micro, small and medium enterprises under a project funded by the Asian Infrastructure Investment Bank (AIIB).

The private sector in Bangladesh faces one of the most burdensome business environments in the world, the International Finance Corporation (IFC) said in a report yesterday.

The establishment of a 15 per cent levy on private universities intensifies the burden on students while draining funds from their wallets.

Bangladesh’s first ever green sukuk brought in by Beximco gets go-ahead from the stock market regulator today.

Although the economy is facing numerous challenges, the government is hopeful about addressing them as it sees the obstacles as opportunities, Finance Minister AHM Mustafa Kamal said today.

The stock market fell for the second consecutive day today as investors continue booking profits.

Bangladesh needs to embark on a new round of reforms to strengthen and modernise the private sector in a bid to unleash the country’s potential to drive diversified, export-led growth and create jobs, according to a new World Bank Group report.

City Bank recently witnessed the appointment of a new deputy managing director.

Rancon Motorbikes is celebrating Suzuki’s centenary launching a new Gixxer and Gixxer SF series through its official Suzuki Facebook page recently.