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Asia inflation: China at 5-year low; BD down for 4th month

China’s annual consumer inflation eased to a five-year low of 1.4 percent in November, signalling persistent weakness in the world’s second-largest economy and giving policymakers more room to ease policy to support growth. Bangladesh’s annual inflation in November eased for a fourth successive month as food prices declined due to a fall in global commodity prices. inflationTo see stories on inflation data in Asia, double click in the brackets: NOVEMBER Bangladesh Nov inflation eases for 4th month China Nov prices weak...

Inflation hits two-year low

Inflation continued its fall in November, coming down to 6.21 percent—the lowest in 24 months. The inflation rate, which has been showing a downward trend for the last several months, was 6.60 percent in October. In October 2012, inflation was 5.16 percent, which rose to 6.55 percent in November the same year. Food inflation was the biggest driver behind the drop in overall inflation last month, sliding to 6.44 percent from 7.16 percent in October, according to the Bangladesh Bureau of Statistics (BBS) data. inflation-hitsNon-f...

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...

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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