BB sets goal for 75% retail transactions digitally by 2027 The central bank has set a goal so that at least 75 per cent of retail transactions are settled through digital technologies by 2027, a move that may give Bangladesh’s digital transformation a massive fillip and turn the cash-based economy
Read MoreBB raises ceiling of shifting funds from OBUs to DBUs In a latest move to ease import settlements, the central bank has increased the ceiling of shifting funds from OBUs (offshore banking units) to DBUs (domestic banking units) with immediate effect. Under the latest development, the DBUs can receive 40
Read MoreBangladesh earns $17m from carbon credits, just the tip of the iceberg Bangladesh earned its first-ever revenue from carbon credits – permits that allow the owner to emit a certain amount of carbon dioxide or other greenhouse gases – way back in 2006, when the Infrastructure Development Company Limited (Idcol)
Read MoreBangladesh moves to remove Indian port hurdles, NTBs Bangladesh has moved to remove the existing hurdles exporters facing at different Indian ports, in order to boost trade with the neighbour as duty-free market access remains underutilised, sources said. To this end, commerce ministry has sought information about the bottlenecks facing
Read MoreGulzar becomes Standard Bank EC chair Gulzar Ahmed, director of Standard Bank Limited, has been elected as new chairman of the bank’s executive committee, according to a press release. He was elected for the position in the bank’s 373rd board meeting held on March 30. Gulzar Ahmed is the owner
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