Dhaka, Sept 30 (UNB) - Nobel laureate Prof Muhammad Yunus has said financial sector leaders across the world must work not just to address modern slavery and human trafficking at the margins, but also by rethinking their business models to address the root causes and drivers – including financial exclusion.
“We must mobilize and act now. On the financial front, we must act on a crisis footing. We must use all our institutional power and leverage. Regulators and law-makers must do all they can to open up new opportunities offered by social business," he said.
Prof Yunus made the remarks while addressing report launching ceremony in New York recently on the sidelines of the 74th UNGA.
Final Report of the Financial Sector Commission on Modern Slavery and Human Trafficking was formally released in the UN as an important UN event, said Yunus Centre on Monday.
This Commission was set up during the UN General Assembly meeting of the previous year at the initiative of Government of Liechtenstein and joined by the Governments of Australia, the Netherlands, and the United Nations University Centre for Policy Research.
The Commission was formed to put the financial sector at the heart of global efforts to end modern slavery and human trafficking.
Target 8.7 of the UN Sustainable Development Goals requires working to end modern slavery and human trafficking by 2030.
Today 10,000 people become victims of modern slavery and human trafficking everyday.
The Chair of the Commission was Fiona Reynolds, CEO of the UN-backed Principles for Responsible Investment which represents over $80 trillion of assets under its management.
The Prime Minister of Liechtenstein, Adrian Hasler, was the Convenor of the Commission.
Co-convenors were the Foreign Minister of Australia Senator Marise Payne, Foreign Minister of the Netherlands Stef Blok and Prof Muhammad Yunus.
The Commission was formed with 25 commissioners from financial sector leaders.
The Commission held its meetings in Liechtenstein , Sydney, New York and Amsterdam during the past one year to finalize its report.
Prof Yunus, the Co-Convenor of the Commission, in his remarks pointed out that it is not a market failure which deprived almost half the population of the world unreached by financial services, it is clearly a system failure.
He said existing financial institutions are not built to reach the low income men and women. "World needs to create Banks for the Poor, particularly with social business principles, to fill that gap."
He emphasized that aiming at financial inclusion is not enough, our aim should be to achieve “zero financial exclusion”.
Dhaka, Sept 30 (UNB) - Information Minister Dr Hasan Mahmud attended the funeral of former French President Jacques Chirac in Paris on Monday morning.
Emmanuel Macron, President of France followed the coffin carrying the demised Chirac's body at Saint-Sulpice church in central Paris where other world leaders attended it included President Vladimir Putin of Russia, Qatar Emir Sheikh Tamim bin Hamad Al-Thani, EU commission chief Jean-Claude Juncker and former US President Bill Clinton.
The day was declared national day of mourning in France for the president who served the country from 1995-2007 and died on Thursday last at 86, said a press release.
Minister Dr Hasan is expected to return home on Wednesday morning.
Dhaka, Sept 30 (UNB) – Amid the overheated onion market, state-owned Trading Corporation of Bangladesh (TCB) has decided to start selling onion at Tk 45 per kg in the city from Tuesday.
“There’s nothing to be panicked over the price hike of onion as there’s adequate stock of it at government silos, and the TCB will start selling onion through 35 trucks from October 1,” Commerce Secretary Md Zafar Uddin said while talking to reporters at the Secretariat on Monday.
The TCB will sell onion until its price becomes stable, he added.
The government has taken an initiative to import onion from Myanmar, Turkey and Egypt, while a big consignment of it has reached Chattogram port from Myanmar, said Zafar Uddin.
Legal action will be taken against those who will try to create any artificial crisis by stockpiling onion, he said.
The Indian government on Sunday banned the export of onions with immediate effect till further orders for what it says improving domestic availability.
Dhaka, Sept 30 (UNB) - Dr AKP Mochtan has assumed the post of Secretary-General of the Asian Productivity Organization (APO) after being elected at the 61st Session of the Governing Body.
The APO membership includes Bangladesh, Cambodia, Republic of China, Fiji, Hong Kong, India, Indonesia, Islamic Republic of Iran, Japan, Republic of Korea, Lao PDR, Malaysia, Mongolia, Nepal, Pakistan, the Philippines, Singapore, Sri Lanka, Thailand and Vietnam.
Dr Mochtan served as Deputy Secretary-General of Asean, from August 2013 until August 2019, where he oversaw the key organisational functions of finance and budget, human resources, administration, information technology, security and protocol, legal affairs, as well as community relations and outreach functions.
Prior to that, he was the Director of the Japan–ASEAN Integration Fund Management Team headquartered in Jakarta, November 2011–August 2013, said APO on Monday.
Secretary-General Mochtan has had a long association with the APO, headquartered in Tokyo.
He held several positions in the Secretariat, including Information & Public Relations Officer; Programme Officer, Research & Planning Department; Senior Program Officer, Industry Department; and Director, Administration & Finance Department.
He has also worked under the UN Development Programme, Jakarta Office; UN University, Tokyo; and UN Transitional Authority, Phnom Penh, Cambodia.
APO Secretary-General Dr Mochtan said he is pleased to come back to the APO to serve member economies as the 12th Secretary-General.
The APO has an illustrious history of 58 years and 2021 is going to be its 60th anniversary. However, productivity gaps in the region remain visible, and new issues are emerging, he said.
“It’s imperative that we prioritise and renew the productivity movement so that the APO remains relevant,” said the new Secretary-General.
Dr Mochtan said his focus was the “centrality of productivity,” and listed six key points: Strengthening of partnerships; elevating the standards of the APO; attaining higher visibility and raising the profile of the APO; upgrading national productivity organizations; inviting more strategic partners to join collaborative efforts; and spreading the productivity movement beyond existing members.
He added that reform of the APO Secretariat was also necessary to reinforce the renewal of the productivity movement.
Dhaka, Sept 30 (UNB) - Foreign affairs experts will discuss issues related to Bangladesh-Australia bilateral relations and beyond at Cosmos Dialogue to be held in the city on Tuesday.
Cosmos Foundation, the philanthropic arm of Bangladeshi conglomerate Cosmos Group, will host the event titled ‘Bangladesh-Australia Relations: Prognosis for the Future’ under Cosmos Foundation’s Ambassador’s Lecture Series at Six Seasons Hotel.
Australian High Commissioner to Bangladesh Julia Niblett will deliver the keynote speech at the symposium to be chaired and conducted by Principal Research Fellow of the Institute of South Asian Studies, National University of Singapore, Dr Iftekhar Ahmed Chowdhury.
Foreign Secretary (Senior Secretary) Md Shahidul Haque will attend the event as special guest while Cosmos Foundation Chairman Enayetullah Khan will deliver the welcome speech.
The foreign affairs experts are likely to highlight ways to deepen economic and development cooperation between Bangladesh and Australia apart from shedding lights on global issues, including the Rohingya crisis, migration and climate change.
Australia was one of the first countries to recognise Bangladesh, and throughout the past decades, the two countries have enjoyed good, friendly relations that continue to flourish.
Australia's bilateral relationship with Bangladesh continues to grow and the two-way trade exceeded AUD 2 billion on the back of sustained growth in the Bangladesh economy.
Bangladeshi products have been enjoying duty- and quota-free access to Australia since July 1, 2003.
Bangladesh also offers commercial opportunities to Australian companies in energy, telecom, transport, textiles, education and mining sectors.
Australia’s world-class education system makes it the third-most popular destination for thousands of Bangladeshi students.
Currently, almost 30,000 Bangladeshi-born people are living in Australia, and the community has been growing in recent years.
Since 2017, Australian funding has assisted the government of Bangladesh to lead the humanitarian response in Cox's Bazar.
The two countries have even been getting to know each other quite well on the cricket field as well.