Economy
CFA Society Bangladesh welcomes 17 new charterholders
The CFA Society Bangladesh awarded 17 newly qualified investment professionals as Chartered Financial Analysts, CFA.
The local member society of the CFA Institute, the global association of investment professionals that sets the highest standards of professional excellence in the investment industry, held its seventh CFA Charter Award Ceremony in Dhaka.
Planning Minister MA Mannan handed over certificates to the CFA charters as the chief guest.
Dr. Ahsan H Mansur, executive director of the Policy Research Institute of Bangladesh, also delivered the keynote speech on the macroeconomic challenges in the country.
At the event, CFA Society Bangladesh President Md Shaheen Iqbal shed light on ethical behavior, professionalism and putting the client’s interest first while taking investment decisions.
Among the local investment professionals who received the prestigious CFA designations were Abul Kalam Faruk from Anchorblock Technology, Alvi Mohammed Iqbal of Advanced Chemical Industries Limited, Bernard James Haven and Partha Protim Nath from the World Bank, Ishraq Sharar Islam of IDLC Finance Limited, Mahia Marzana Khan and Sarwath Hafiz Mumu of Standard Chartered Bangladesh.
The CFA charters were also awarded to Md Rafiqul Islam of IDLC Asset Management Ltd, Md Rakibul Hassan of Shanta Securities Limited, Md Sazzad Hossain of Strategic Finance Limited, Misbah Uddin Junaid of Impress Capital Limited, Niaz Mohammad Solaiman of SEAF, Saad Mohammed Khan of Jamuna Bank Limited, Sabab Rahman of Truvalu.enterprises Limited, Shadman Zia Jaffrey of RSA Capital, Shahriar Azad Shashi of SELISE Digital Platforms and Shakawat Hossain of Prime Bank Investment Limited.
More than 175,000 investment professionals in 170 countries and territories hold the CFA charter.
To earn the CFA charter, candidates must sequentially pass all three levels (I, II, III) of exams that are widely considered to be the most rigorous in the investment profession around the world, according to the organizers.
The CFA curriculum includes ethical and professional standards, financial reporting and analysis, corporate finance, economics, quantitative methods, equity, fixed income, alternative investments, derivatives, portfolio management and wealth planning.
Expatriate Bangladeshis sent approximately US$ 2.11 billion in remittances during the first 28 days of September in the fiscal year 2024-25, according to data released by Bangladesh Bank on 29 September.
Of this total, state-owned and specialised banks handled $679.10 million, while private banks received $1.43 billion in remittances.
Chief Adviser to Bangladesh’s interim government, Professor Muhammad Yunus, has vowed to expedite reforms and hold elections swiftly. Yunus, who recently assumed the role after the collapse of Prime Minister Sheikh Hasina’s 15-year administration, expressed his commitment during an interview with Tokyo-based news outlet NHK WORLD in New York on Sunday. He was attending the United Nations General Assembly at the time.
Following mass student-led protests that ended Hasina’s long-standing rule in August, Yunus stepped in as the leader of the caretaker government. Known for founding Grameen Bank, an institution providing microloans to the underprivileged, Yunus, along with the bank, earned the Nobel Peace Prize in 2006 for his efforts in poverty alleviation.
During the interview, Yunus emphasized that the interim government’s primary mission is to implement reforms promptly and ensure elections are held as soon as the groundwork is complete. He underscored the importance of success, stating, “Failure is not something that we can accept.”
Addressing the pivotal role of students in the ousting of the Hasina administration, Yunus acknowledged the sacrifices made by young people, referring to their involvement as part of a “revolution.” He highlighted his intention to engage the younger generation in shaping policy.
Furthermore, Yunus called for continued support from Japan, Bangladesh’s largest donor, during this crucial transition period. He stressed that Japan’s assistance is vital to stabilizing Bangladesh’s economy and fostering a democratic foundation in the nation.
Syeda Rizwana Hasan, the Adviser for Environment, Forests, and Climate Change, announced today that steps will be taken to restrict the use of polythene shopping bags to safeguard future generations.
Starting from October 1, polythene bags will be banned in shopping malls, followed by a ban in kitchen markets from November 1.
“Everyone must take responsibility and stop using polythene voluntarily. Action against polythene producers will begin from November 1,” Rizwana Hasan stated during a seminar.
The Department of Environment (DoE) organized the seminar to raise public awareness about alternatives to banned polythene bags.
Rizwana Hasan highlighted that the restriction on polythene will be executed in phases according to legal provisions, and discussions with shopping centers and store owners are ongoing to ensure a smooth transition.
She also announced plans to make the government secretariat a plastic-free zone by December.
Other speakers at the seminar included Environment Secretary Dr. Farhina Ahmed, DoE Director General Dr. Abdul Hamid, Director Rajinara Begum, President of the Shop Owners Association Muhammad Helal Uddin, and Md. Arifur Rahman Bhuiyan, Assistant Professor of Environmental Science at BUP. They discussed the harmful effects of polythene and the need for alternative products.
Earlier, Rizwana Hasan inaugurated a fair showcasing eco-friendly alternatives to polythene bags and visited 24 stalls. The fair featured products from government and private entrepreneurs, including reusable bags, jute bags, paper bags, and items made from bamboo and cane.
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