The Bangladesh Bank (BB) board of directors has approved a proposal on a single-digit lending rate for industrial manufacturers to add an impetus to the country's economic growth.
The approval came at a meeting of the board of directors held at the central bank headquarters in Dhaka on Tuesday, with BB Governor Fazle Kabir in the chair.
"Our board has given a decision on 9...
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The board of directors of Social Islami Bank Ltd (SIBL) has decided to raise Tk 5.0 billion through issuance of Mudaraba Perpetual Bonds, said an official disclosure on Sunday.
The bank will issue the bond for raising fund as additional Tier-1 (AT -1) capital to support the bank’s Basel III compliance in line with Bangladesh Bank Guidelines on Risk Bases Capital Adequacy dated December 2014, said the disclosure.
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A Memorandum of Understanding (MoU) has signed today, 23 December 2019, with the aim of implementing an “Interoperable Digital Transaction Platform (IDTP)” between ICT Division and Bangladesh Bank to accelerate FinTech and Digital Financial Inclusion. The MOU was signed in the presence of Hon'ble State Minister of ICT Division Zunaid Ahmed Palak, MP at the office of ICT Division at ICT Tower,...
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Administrated by the Asia Pacific Council for Trade Facilitation and Electronic Business (AFACT), eASIA Gold Award 2019 for Digital Transformation: Private Sector was presented to D Money Bangladesh Ltd. The competition was held among Asian tech giants from 24 countries and companies/ projects had to be less than 3 years old...
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The government's fast track infrastructure projects will enable competitiveness of Bangladesh but some challenges like energy price hike, unplanned urbanization, unemployment, limited skills diversity, slow reforms, climate change, limited capacity of adopting 4IR technologies and industrial infrastructure should be addressed properly.
"We need to work hard to improve the competit...
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Finally Bangladesh Bank has withdrew the authorization requirement for online payments using international cards to make transactions.
Through a notice Bangladesh bank said that “ it has been decided to waive online transaction authorisation form, OTAF, for payments abroad through international cards," .
The central bank relaxed the requirement against the backdrop of criticism raised by d...
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ICT Associations of Bangladesh have expressed their reaction on the announced budget for FY 2019-20. Bangladesh Association of Software & Information Services (BASIS) along with other IT Associations including Bangladesh Computer Samity (BCS), Internet Service Providers Association of Bangladesh (ISPA...
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Uber, the world's largest on-demand ride-sharing company, today introduced two-way Phone Anonymization, a new technology that will improve the way riders and drivers connect and communicate with each other. With this, when a rider and driver contact each other regarding a trip, both phone numbers will be anonymized, ensuring neither can see the other’s personal contact details.
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BASIS Iftar & Doa Mahfil took place at Raowa Convention Center on Saturday evening. Hon’ble Planning Minister Mr. M. A. Mannan, MP graced the occasion as chief guest. Hon’ble ICT State Minister Zunaid Ahmed Palak, MP was present as Special...
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