Business Desk :With the launch of Bangladesh Bank’s new platform for foreign exchange transactions- the real-time gross settlement (RTGS) system, not only does it help reduce cost and time but also enables businessmen’s credit is no longer be stuck in banks. Banks now clear and settle five currencies which are the dollar, pound sterling, euro, Canadian dollar and the Japanese yen through this platform which takes a few seconds by charging a minimum amount. Bangladesh deals with $300 million worth...
Economic Reporter :Grameenphone, the connectivity partner to Digital Bangladesh has successfully completed the 5G trial in Dhaka and Chattogram recently, taking the first feat in realizing the ‘Smart Bangladesh’ vision. With this accomplishment, the digital connectivity partner and the tech-service leader of the country is en route to showcase 5G to customers in eight divisional cities starting from Thursday (September 22), as part of its commitment to empower societies through technology and materialize the Smart Bangladesh vision. An inauguration ceremony...
Business Desk :Bangladesh and Cambodia are likely to sign a Free Trade Agreement (FTA) to boost the bilateral trade between...
Economic Reporter :Ambassador of the Kingdom of Saudi Arabia (KSA) to Bangladesh Essa bin Yousef Al Duhailan has said Saudi...
Economic Reporter :NRBC Bank has won Six prizes as Best Bank at South Asian Business Excellence Awards 2022. The Bank has been crowned with the title of’ Brand excellence in BFIS” Best use of IT & Technology’, ‘Best Use of Mobile Technology’,’Best use of CSR Practice during Pandemic’, ‘Best Business Response to the Crisis’and ‘Most Innovative Covid Response’ reflecting on its digital transformation journey and resilience during the pandemic. GolamAwlia, Managing Director and CEO of NRBC Bank received the award...
Business Desk :Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Jashim Uddin on Thursday urged US companies to invest in the ICT sector of Bangladesh. “The relationship between USA and Bangladesh will expand beyond the traditional areas and we should now explore growing prospects in frontier technologies, robotics and blockchain, space, bio-health, and others,” he said.“USA should take the advantage of investing in Bangladesh, regional supply chains and its demographic dividend. Bangladesh could also benefit from America’s expertise...
BSS :The UK’s new government unveils Friday multibillion-pound measures aimed at supporting households and businesses hit by decades-high inflation.Finance minister Kwasi Kwarteng, fresh from being appointed by new Prime Minister Liz Truss, will deliver his mini-budget at 0830 GMT.Kwarteng announced late Thursday he will scrap Truss’s predecessor Boris Johnson’s plan to hike taxes on salaries.The news came after the Bank of England warned that Britain was slipping into recession, as rocketing fuel and food prices take their toll. “Taxing our...
Business Desk :PHP Float Glass Industries Limited, a concern of the PHP Family, is all set to commission its soundproof...
Business Desk :The number of foreign visitors arriving in Türkiye more than doubled in the first eight months of the...
Business Desk :The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and financial solution app upay recently signed an agreement to disburse stipends through this app.Faruque Hassan, president of the BGMEA, and Rezaul Hossain, managing director of upay, inked the agreement at the BGMEA Complex in Dhaka, a press release said.Under this deal, stipends for the skill development of mid-level officials and workers in the RMG sector will be distributed directly into the upay app.The stipends will be given under the...