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Coastal Bangladesh turns too salty for salt-tolerant rice

As the sea keeps rising due to climate change and affecting coastal Bangladesh, turning the soil and groundwater saline, scientists have been breeding salt tolerant varieties of rice, the main crop in the region. But the sea keeps coming in and turning everything more and more saline, well beyond the point that salt tolerant rice varieties can tolerate. pariza rice panicleThe latest salt tolerant rice variety – that the scientists released among Bangladeshi farmers as recently as November 20 – can tolerate a salinity of up...

First round IFC financing to RMG safety improvements

VF Corporation (NYSE:VFC) and IFC, a member of the World Bank Group, today announced they have provided loans to three Bangladeshi garment factories under a new program for funding fire and building safety improvements. Bangladesh-rmg-workerThrough the financing arrangement, VF provides a full corporate guarantee for up to $10 million that the IFC and its partner BRAC Bank lend to VF’s contract suppliers. VF’s guarantee to back the loans makes it possible for IFC to lend at lower interest rates. This initiative helps ...

Digitised banking effective for women: BB governor  

Bangladesh Bank Governor Dr Atiur Rahman yesterday said the digitised banking system encourages the country’s women to participate more in the financial services, narrowing the gender disparity down, reports UNB. “The rapidly digitised banking enabled mobile financial services to encourage the women more to participate in the financial services narrowing the gender disparity down since it may not even require their physical presence in the financial institutions to receive financial services,” he said. BB governorThe BB governor made the remark...

Dhaka, Colombo sign deal to import rice to Sri Lanka  

The Contract to purchase 25,000 metric tons of coarse rice from Bangladesh on a Government to Government basis was signed by the Governments of Sri Lanka and Bangladesh on 03 December 2014 in Dhaka, Bangladesh. Mr.Nalin Fernando, Chairman of Lanka Sathosa Ltd, Sri Lanka and Mr. Sarwar Khan, Director General of, Directorate of Food, Bangladesh signed the Agreement on behalf of the Governments of Sri Lanka and Bangladesh respectively. rice dealUnder the provisions of the Contract, Sri Lanka agreed to purchase 25,000 metric tons of non-fragran...

Saving Grameen Bank, sustaining the Bangladesh paradox  

Bangladesh today is a global poster child within the Muslim world for women’s development. When it comes to gender equality, it ranks above all South Asian countries and Muslim-majority nations in Asia. The Bangladesh gender paradox – superior status of women despite a patriarchal social structure and strong influence of religion – owes to another paradox: Health conditions and economic participation of women have improved over the last twenty years despite limited public investment in social sectors. grameen bankAt a time when women’s developme...

Four bonds for remittance investment to hit market      

The government moves to launch four new investment bonds with tax-free facility on stake for expatriate Bangladeshis to encourage them to invest their remittances in various sectors in the country. Officials said the Internal Resources Division (IRD) under the Ministry of Finance has sought the tax authority's opinion on draft rules for launching the bonds in terms of two foreign currencies--Pound sterling and Euro. The savings directorate has framed four rules to prepare modalities for the investment bonds. The rules are the Euro Investment Bond Rules, the Euro Premium Bond Rules, the Pound Sterling Investment Bond Rules and the Pound Sterling Premium Bond Rules 2014. [caption id="attachment_4203" align="alignleft" width="300"]
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