Young Business Leader Mujib among 10 UN SDG Pioneers

The United Nations Global Compact has announced 10 new SDG Pioneers – young business leaders including one from Bangladesh who are doing an exceptional job to advance the Sustainable Development Goals [SDGs]. The young business leader selected from Bangladesh is Mashook Mujib Chowdhury, Sustainability Manager of DBL Group, according to UNB. The 2019 SDG Pioneers will participate in the ‘UN Global Compact Leaders Week’ to be organized on the sidelines of the 74th session of the United Nations General Assembly [UNGA] on Sept 23-26 at the UN Headquarters in New York, USA. Prime Minister Sheikh Hasina will attend the 74th UNGA. The 2019 search for SDG Pioneers focused on professionals aged 35 and under, working at any level in a company participating in the UN Global Compact, according to UN Information Centre in Dhaka. The SDG Pioneers were judged by an expert panel comprised of representatives of Government, business and civil society.

Source: http://today.thefinancialexpress.com.bd/trade-market/young-business-leader-mujib-among-10-un-sdg-pioneers-1568828035

CIP status for 182 Exporters, Businesspeople

The government yesterday bestowed the Commercially Important Person [CIP] status on 182 exporters and businesspeople in recognition of their stellar contribution to exports and trade for 2017.Of the recipients, 136 were given the cards in export category and 46 in trade category. The CIP cards given under the trade category are for the president, vice-presidents and directors of the country’s apex trade body, the Federation of Bangladesh Chambers of Commerce and Industry [FBCCI]. The awardees represent diverse sectors such as jute and jute goods, garment and textiles, leather and leather goods, fruits and vegetables, frozen fish, sea foods, processed and agricultural foods, software and IT services, home textile, tea, engineering products, ships and yarn. Bangladesh started its journey as a garment manufacturing nation in the late 1970s and now is the second largest apparel exporter worldwide. After independence, Bangladesh exported eight million kilograms of tea, out of a total production of 10 million kgs. However, last year the country produced 85 million kgs of tea and all of them were consumed locally. Besides, the country had to import a handsome quantity of tea to meet the local demand.

Source: https://www.thedailystar.net/business/news/cip-status-182-exporters-businesspeople-1802122

Mercantile Bank to open Islamic Window

The Board of Directors of Mercantile Bank Limited has approved a proposal to establish an Islamic Banking Window. The decision was taken at a meeting of board of directors of the Mercantile Bank held on Tuesday, according to an official disclosure on Wednesday. The board of directors of Mercantile Bank has approved to initiate required course of activity for establishing Islamic Banking Window side by side with the conventional banking of the Bank. The establishment of Islamic Banking Window, also known as Shariah-based banking system, is subject to the approval of regulatory authority and also the shareholders of the Bank in Extraordinary General Meeting [EGM]. The bank’s consolidated Earnings Per Share [EPS] stood at Tk 1.16 for April-June 2019 as against Tk 0.88 for April-June 2018. In six months for January-June 2019, its consolidated EPS was Tk 1.79 as against Tk 1.69 for January-June 2018.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/mercantile-bank-to-open-islamic-window-1568827374

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