Manjur Ahmed, Managing Director of Bangladesh Development Bank Limited, presiding over the Half -yearly Business Review Meeting -2017 at its head office in the city on Saturday. AKM Hamidur Rahman, Pankaj Roy Chowdhury, DMDs and all GMs of the bank were

The Board of Directors of the African Development Bank (AfDB) approved on Friday a loan of 200 million U.S. dollars to Morocco to boost the country's industrialization plan, local media reported.
The loan will be directed to finance the first phase of the support program of the Industrial Acceleration Plan, the financial daily L'Economiste said on its website.
The Industrial Acceleration Plan aims by 2020 to create 500,000 new sustainable jobs and significantly increase the share of industry in GDP to 23 percent, versus 14 in 2014.

Azharul Islam, Chairman of Uttara Bank Limited, presiding over its 3rd Zonal Heads\' Conference-2017 at the banks head office on Saturday. Mohammed Rabiul Hossain, Managing Director, Mohammed Mosharaf Hossain, Additional Managing Director, Maksudul Hasan,

A business-as-usual approach to climate change will be "disastrous" for Asia, undoing much of the phenomenal economic growth that has helped it make vast inroads against poverty, the Asian Development Bank said in a report released Friday.

A continued reliance on fossil fuels will see the world's most populous region face prolonged heat waves, rising sea levels, and changing rainfall patterns that will disrupt the ecosystem, damage livelihoods and possibly even cause wars, it said.

"Unabated climate change threatens to undo many of the development advancements of the last decades, not least by incurring high economic losses," the report from the Manila-based bank said.

By the end of the century, parts of the continent could see mean temperatures shoot up to eight degrees Celsius above pre-industrial levels, as the global mean temperature rises by half that, it added.

"A business-as-usual scenario will lead to disastrous climate impacts for the people of Asia and the Pacific, especially for poor and vulnerable populations," it said.

But it said the region could avert disaster by shifting to renewable energy sources.

The 2015 Paris climate accord commits nations to keep global temperatures well below 2.0 degrees Celsius (3.6 Fahrenheit) above pre-industrial times.

While a 2 degrees Celsius rise will be difficult to manage, "one can assume that a 4 degrees Celsius increase would lead to humanitarian disasters in many nations and result in unmanageable migration flows or locked-in populations", the report said.

Asia as a whole would see sea levels rise by 1.4 metres (4.6 feet) within this century, nearly twice the projected increase under the Paris deal, and face more destructive cyclones, it said.

In this scenario, the report said the region's coral reef systems would collapse from mass bleaching, with severe consequences for fisheries and tourism.

Melting Asian glaciers would cause both floods and water shortages, disrupting agriculture, and increase dependence on rainfall to meet water needs.

The impact of such changes on access to energy and natural resources were all potential powderkegs for conflict, it said.

The study projects additional heat-related deaths of nearly 52,000 elderly people across the region annually by the 2050s, nearly 8,000 extra diarrhoeal deaths in South Asia, and some 10,000 more malaria and dengue deaths in Asia.

Asia's global economic links mean that extreme climate events could disrupt supply chains not only in the region but also in the rest of the world, it warned.

Despite stunning economic growth that saw Asian per capita incomes rise 10-fold in the past 25 years, it remains home to the majority of the world's poor, the ADB said.

This, along with the fact that a large share of its population inhabit low-lying coastlines, has made the world's largest continent "particularly vulnerable" to climate change.

Myanmar, the Philippines, Bangladesh, Vietnam, Pakistan, and Thailand are among the world's top 10 countries most affected by extreme weather events, it said.

The ADB vowed in 2015 to double its climate finance mitigation investments to $6 billion by 2020, including $2 billion to help countries shift to renewable energy.

Professor Dr Qazi Shahidul Alam, Director of Islami Bank Bangladesh Limited, inaugurating its 319th branch at Farkirhat of Bagerhat on Thursday. Md. Abdul Hamid Miah, Managing Director and Md. Mahbub-ul-Alam, Additional Managing Director of the bank wer

Professor Dr Qazi Shahidul Alam, Director of Islami Bank Bangladesh Limited inaugurated its 319th branch at Farkirhat of Bagerhat on Thursday as chief guest, says a press release.
Md. Mahbub-ul-Alam, Additional Managing Director addressed the inaugural program as special guest. Md Abdul Hamid Miah, Managing Director of the bank presided over the programme.
The statement said that Mohammed Monirul Moula and Abu Reza Md. Yeahia, Deputy Managing Directors, Zafar Alam, Executive Vice President, Md. Maksudur Rahman, head of Khulna Zone and ASM Rezaul Karim, Senior Vice President attended the program.
A number of local businesspersons, professionals and social elites also attended the occasion.
Babu Swapan Kumar Das, Chairman, Betaga Union Parishad, Mujibur Rahman Shamin, Chairman, Chitalmari Upazila Parishad, Shirina Akhter, Chairman, Fakirhat Sadar Union Parishad and Sheikh Hemayet Uddin, businessman also addressed the programme.