TDB Issues Mongolia’s First Green and Social Bond in the International Market

The first Social and Green Bond from Mongolia has been issued by the Trade and Development Bank (TDB) for international professional investors. This is the first five-year or long-term bond issued by the private sector since the TDB’s bond, issued in 2015. With the issuance of this bond, TDB has become the first private company in Mongolia to attract investment from Asset Management Company, a TOP 10 in the world. It is […]

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by Mahadi

President inaugurated Development Bank of Maldives

President Dr. Mohamed Muizzu on Saturday officially inaugurated the Development Bank of Maldives (DBM) Limited, a 100 percent state-owned institution. The bank was inaugurated in the same venue where the SME Hub previously operated. The bank is the result of the government’s policies promoting sustainable economic and social development, and aims to secure funding for […]

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by Mahadi

Bhutan Trust Fund sets ambitious $250 million portfolio for environmental sustainability by 2040

The Bhutan Trust Fund (BTF) unveiled its ‘Roadmap 2040’, outlining a strategic vision to expand its financial portfolio to USD 250 million by 2040. Launched on the 69th Birth Anniversary of His Majesty the Fourth Druk Gyalpo on November 11, the BTF Roadmap 2040 is designed to address the evolving environmental challenges that Bhutan faces, […]

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by Mahadi

Bangladesh receives $7b remittance in 3 months

The interim government provided financial support of about Tk34 crore to the families of migrant workers who died abroad. Bangladesh has received remittance of over $7 billion from expatriate citizens in the last three months, official data showed. “Bangladeshi expatriates sent $7.02 billion remittance to the country in the last three months,” said a progress […]

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by Mahadi

Kolkata’s market and hotel business collapses due to Bangladeshi buyer shortage

The markets and hotels in Kolkata, India, used to be bustling with Bangladeshi buyers. After the change of power in Bangladesh due to the student-public movement, India restricted visa activities and business in Kolkata has collapsed. Local businesses in Kolkata, which depend on Bangladeshi tourists, are also going through a difficult time. Visa centers are […]

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by Mahadi

Savings in the National Currency of Mongolia Increased by MNT 5.7 Trillion

As of the end of September 2024, savings in Tugrug, the National Currency of Mongolia, reached MNT 20.6 trillion in total, an increase of MNT 415.7 billion compared to the previous month, and by MNT 5.7 trillion (38.6 percent) compared to the same period last year. Of the total amount of Tugrug savings, MNT 17.6 […]

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by Mahadi

China’s Singles’ Day wraps up with e-commerce firms reporting growth in shoppers

The firm did not release total sales revenue for the period but said 45 brands – including Apple, Haier, Midea and Xiaomi – surpassed 1 billion yuan ($138.62 million) in gross merchandising value (GMV), a commonly used measurement for online sales. China’s largest e-commerce company Alibaba Group said it recorded “robust growth” in sales and […]

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by Mahadi

Bhutan Parliamentary Entitlement Bill to be tabled in upcoming winter session

The National Assembly (NA) will begin its second session of the fourth Parliament on November 14, with discussions planned around bills, motions, and policy updates. The session will introduce the Parliamentary Entitlement Bill, which addresses benefits for Members of Parliament (MPs). The Parliamentary Entitlement Bill, which previously drew public criticism for allegedly prioritising MPs’ benefits […]

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by Mahadi

Bangladesh clears $1.50b ACU bills for Sept-Oct, bringing reserves down to $18.46b

Before the payment, which is made every two months, the foreign exchange reserves were at $19.96 billion. The gross foreign exchange reserves in Bangladesh have dropped to $18.46 billion following a $1.50 billion payment to the Asian Clearing Union (ACU) for September and October import bills, according to the latest Bangladesh Bank data. Before the […]

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by Mahadi

Bangladesh eyes $1 billion semiconductor exports by 2030

Bangladesh’s semiconductor dreams started in the 2000s, but the key actuators emerged visible through their design services to major global giants in 2017. The Bangladesh Semiconductor Industry Association (BSIA) has unveiled their roadmap to boost the country’s semiconductor exports to $1 billion by 2030, focusing on workforce training and policy support to drive growth. The […]

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by Mahadi

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