Fitch Ratings has downgraded Bangladesh’s Long-Term Foreign-Currency Issuer Default Rating from ‘BB-‘ to ‘B+’, maintaining a Stable Outlook. The complete list of rating actions is provided at the end of this commentary.
Ashraf Ahmed, president of the Dhaka Chamber of Commerce and Industry (DCCI), emphasized on Saturday the critical importance of adopting environmental, social, and corporate governance (ESG) compliance reporting standards to enhance trade and investment. He asserted that an ESG compliance framework would not only align business values and strategies with sustainability goals and drive economic growth but also ensure competitiveness beyond the graduation from least developed country (LDC) status.
Eco Thinkers, an organization headquartered in Malaysia, took the lead in organizing the “Beyond the Buzz: Realizing ESG’s Value” webinar on April 18th, with the aim of catalyzing a paradigm shift towards ethical and strategic Environmental, Social, and Governance (ESG) practices. This virtual gathering brought together thought leaders and industry experts to explore the intricacies of ESG integration and propose actionable solutions for businesses striving to adopt sustainable and resilient operational frameworks.
Realme, a popular choice among youth for smartphones, has teamed up with Together for Bangladesh, a nonprofit organization, to tackle social challenges and pave the way for a brighter future. Through their joint CSR initiatives they’ve launched a campaign titled “Sobar Jonne Iftar, Sobai Mile Iftar,” aimed at sharing iftar meals with underprivileged individuals during Ramadan.
Bangladesh’s inaugural sustainability-linked bond issuance serves as a beacon for both corporations and investors in the financial markets, emphasizing the growing importance of sustainability-driven products. Despite challenging market conditions, the issuance of this green bond, designed to incentivize both issuers and investors, underscores the potential for unlocking vital capital in the market.
The World Tourism Network in Bangladesh hosted a special party for orphans. They wanted to show that travel and tourism are about bringing peace and love to the world.
Shamsudoha Shemul, the Executive Director of Minister Group, recently offered insights into the company’s journey, challenges, and growth strategies within Bangladesh’s electronics sector.
VEON, a prominent global digital operator and the parent company of Banglalink, has recently attained an ‘AA’ Environmental, Social, and Governance (ESG) rating from Morgan Stanley Capital International (MSCI). MSCI, a leading provider of decision support tools for the global investment community, highlighted this significant achievement in a press release.
The local market for traditional fabrics like Jamdani, Benarasi, silk, and muslin is shrinking, causing many artisans to leave the industry. These fabrics, which have been around for a long time, are struggling to compete with imported ones, leading to a decline in the traditional craft.
Supported by the Danish Ministry of Foreign Affairs, the non-governmental organization BRAC is implementing a project to install 5,390 rainwater harvesting systems (RWHS) across six unions in Mongla. Over half of these systems have already been installed.
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