Category: World

BRAC Bank Secures $50m to Expand SME Financing

BRAC Bank Secures $50m to Expand SME Financing

BRAC Bank has secured a US$50 million financing facility from an international financial institution to expand funding for micro, small and medium-sized enterprises (MSMEs) in Bangladesh, with particular emphasis on women-owned businesses and agriculture-based enterprises. The financing will be channelled through the bank’s offshore banking unit and is structured as an unsecured working capital facility. […]
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Scientists Probe Sudden Flood Disaster in Nepal

Scientists Probe Sudden Flood Disaster in Nepal

A devastating combination of flash flooding and landslides has struck a mountainous area of Nepal near the Tibetan border, sending torrents of mud, water, rocks and debris through settlements with little warning. Homes, roads and vehicles were swept away within moments, leaving many residents with virtually no time to reach safety. At least 162 people […]
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Bangladesh Braces for Five More Days of Rain

Bangladesh Braces for Five More Days of Rain

Rain and thunderstorms are expected to continue across Bangladesh over the next five days as the south-westerly monsoon remains active over the country, with moderate to heavy rainfall possible in several areas, according to the Bangladesh Meteorological Department’s forecast issued on Thursday, 27 August. The weather office said a low-pressure area that had been positioned […]
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