Paying with MFS at retails gaining traction Payments through the mobile financial service platform have trebled in the last one year, in a development that will bring cheer to the central bank as it strives to move towards a cashless society. According to data from the central bank, in February,
Read MoreBanks donate Tk 30cr for Chawkbazar fire victims Private banks have donated Tk 30 crore to the Prime Minister’s Relief and Welfare Fund as assistance for the people who were affected by the recent fire in Churihatta in Old Dhaka’s Chawkbazar. The top brass of all the private commercial banks
Read MoreRemittance up 10.28pc as Banks offer higher rate: Syed Mahbub, Chairman, ABB Inward remittances edged up 10.28 percent year-on-year to $11.87 billion in nine months to March this year thanks to the steady depreciation of the taka against the US dollar. As per the bankers, majority of the banks have
Read More50m Euro loan fund at BB for RMG sector The government, in support with Agence Francaise de Developpement of France, has constituted a loan fund in Bangladesh Bank worth 50 million euro to support safety remediation, environmental and social up-gradation of readymade garment factories. Under the Programme to Support Safety
Read MorePMO asks for incentives for women Entrepreneurs Prime Minister’s Office has identified a set of fiscal, regulatory and administrative incentives, including tax benefits, for women entrepreneurs to increase their share in investment as well as contribution to national economy. PMO has asked the relevant ministries and divisions, including finance ministry
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