Japan setting up anti-bribery mechanism for aid program
Japan is planning to roll out new anti-fraud measures to ensure accountability within its foreign aid operation, after bribery allegations rocked three of its country programs earlier this year, Devex has confirmed.
The anti-bribery mechanism will be rolled out in Vietnam first before potential adoption in Indonesia and Uzbekistan — the three countries where a private contractor has been accused of paying local officials roughly $780,000 to win development projects.
An official with Japan’s Ministry of Foreign Affairs clar...
An official with Japan’s Ministry of Foreign Affairs clar...
Toxic poultry feed threatens poor’s health
Bangladesh's leather tanneries are notoriously filthy, exposing workers and the surrounding neighborhood to toxic chemicals. And recent studies show that poultry feed produced from industry scraps may also be putting the health of millions throughout the country at risk.
“The whole nation is under threat as chicken is the most consumed meat, and also the cheapest source of animal protein,” said Abul Hossain, a chemistry professor at the University of Dhaka, who led recent studies on how chromium, a tannery waste product, is transported into chicken meat. “This is extremely alarming.”
BB seeks sukuk rule amendments, sovereign issuance
Bangladesh Bank (BB) is seeking to amend rules on its existing Islamic bond (sukuk) programme to broaden its use and allow for a sovereign issuance by the government, enhancing the prospects of Islamic finance in the country.
Bangladesh, a majority-Muslim country of 160 million, has developed Islamic finance with marginal regulatory support but a lack of Islamic capital market tools are limiting the industry's expansion.
A
request for the amendments was now being considered by the finance ministry, which would allow sukuk to be used as a money market as well as a fiscal instrument, the Bangladesh central bank governor's spokesman A.F.M...
request for the amendments was now being considered by the finance ministry, which would allow sukuk to be used as a money market as well as a fiscal instrument, the Bangladesh central bank governor's spokesman A.F.M...
Robi waste management event
Mobile phone operator Robi Axiata Limited arranges a discussion session title ‘Waste is not a waste, it is a resources’ on the eve of the World Environment Day, as a part of CSR event.
Abu Hasnat Maqsood Sinha, co-founder and Executive Director of Waste Concern- an internationally recognized organization for waste management, talked on the growing scale of waste, its management and about e-waste. Robi officials attended the occasion.
Abu Hasnat Maqsood Sinha, co-founder and Executive Director of Waste Concern- an internationally recognized organization for waste management, talked on the growing scale of waste, its management and about e-waste. Robi officials attended the occasion.
Stocks continue fall ahead of new budget
Dhaka stocks were edging lower Tuesday as investors awaited the new national budget in two days.
All the indicators finished in red, reflecting pre-budget uncertainties those were generated among investors from various
speculations about the new fiscal policy and allocation relegating to capital market, BSS reports.
DSEX, the major index of Dhaka Stock Exchange, came 0.6 percent or 28.66 points down to 4418.79 when the blue-chip DS30 fell by 13.14 points or 0.80 percent to 1625.32 and the Shariah DSES by 3.68 points or 0.36 percent to 1003.32.
The daily trade volume, however, increased slightly to 7.98 crore shares when value fell to Taka 392.27, a contrasting scenario from Monday's transaction when volume declined and value increased.
