Bankers cut US dollar rates by Tk 0.25

Bankers today decided to cut the buying and the selling rates of the US dollar by Tk 0.25 as Bangladesh’s foreign currency reserves received a fillip after the International Monetary Fund (IMF) approved the second instalment of its $4.7 billion loan. This is the third time in three weeks banks have raised the rate of the local currency against the US dollar, reversing the trend that saw the greenback surge against the taka by nearly 30 percent in two years. Now, banks will buy US dollars at Tk 109.5 from exporters and sell them at Tk 110, Md Afzal Karim, chairman of the Bangladesh Foreign Exchange Dealers’ Association (Bafeda), told The Daily Star. the IMF approved $689 million in the second instalment of the loan for Bangladesh. In the first tranche, it released $447.8 million on February 2 this year.

Source: https://www.thedailystar.net/business/news/bankers-cut-us-dollar-rates-tk-025-3493926

Bangladesh’s SM Sourcing tops global LEED Green Factory ranking

Bangladeshi garment factory SM Sourcing Ltd has climbed to the top of the global Leadership in Energy and Environmental Design (LEED) Green Factory ranking, achieving an impressive score of 106 out of a possible 110. Previously, the place was held by Green Textiles Ltd Unit 4, another Bangladeshi factory, with 104 points. Bangladesh has made remarkable strides as 54 of the world’s top 100-ranked factories, including 9 of the top 10, and 18 of the top 20, are now located in the country. Bangladesh has 206 LEED Green factories, including 76 Platinum-rated and 116 Gold-rated, solidifying its commitment to environmental stewardship.

Source: https://www.tbsnews.net/economy/rmg/bangladeshi-garment-factory-claims-no1-spot-global-leed-green-factories-rankings-756822