The centra bank is set to request the Election Commission (EC) to attach financial transaction-related applications (apps) on its smart national ID cards so that clients of scheduled banks and non-bank financial institutions are able to carry out transactions through this cards, a press release said.
A Bangladesh Bank official told on Thursday that the central bank will inform to the Election Commission soon, requesting for information on the types of applications that will be included in smart NID cards.
The Election Commission will have to give the banks and N...
Small farmers in developing countries are more than victims of climate change though they are the vital part of solution to global warming, according to a report issued by the International Fund for Agricultural Development (IFAD).
The Smallholder Advantage, a report on IFAD’s response to climate change, shows how investments in access to weather information, technology transfer and disaster preparedness are helping smallholder women and men feed themselves and their families on a warming planet – while restoring degraded ecosystems and reducing agriculture’s carbon footprint.
“We see smallholder farmers as an important part of solution to the climate change challenge,” said IFAD President Kanayo F. Nwanze. “With around 500 million smallholder farms responsible for around four-fif...
The dollar appreciated against the taka in the already bullish foreign exchange market following the large payment for the Padma bridge that squeezed the supply of greenbacks.
Demand for dollars rose further in the interbank forex market yesterday after $110 million was paid in advance to the successful bidders for the construction of the bridge.
[caption id="attachment_4203" align="alignleft" width="300"]
The reserves now stand at $19.04bn, enough t...
Money sent home by Bangladeshis working overseas in November rose 10 percent from a year earlier to $1.17 billion, the central bank said on Tuesday.
In July-November, the first five months of the 2014-15 financial year, Bangladesh received $6.19 billion in remittances, up 11 percent from the same period of previous year.
Remittances from its millions of citizens abroad are critical for the South Asian nation of 160 million people.
The inflows are a key source of foreign exchange, alongside garment exports, which account for...
Remittance in November rose 14.7 percent to $1.17 billion from the previous month on the back of legalisation of migrant workers in Saudi Arabia.
November's receipts were over 10 percent higher than in the same month a year ago, according to data from Bangladesh Bank, reports the Daily Star.
Banks' active role in remitting money from expatriates had also contributed to the growth, said Kazi Saidur Rahman, general manager of BB's foreign exchange reserve and treasury management department.
The appreciation of the dollar agai...
After India, Malaysian infrastructure companies are drilling their way into Bangladesh, yet another upcoming South Asian market, with almost RM11 billion worth of projects secured to-date.
The Special Envoy for Infrastructure to India and South Asia Datuk Seri S.Samy Vellu said among the projects were the RM6 billion 1,320 MW power plant in Cox’s Bazar, RM2.3 billion apartment project in Dhaka, the supply of 400 passenger coaches for the Bangladesh Railways worth RM700 million and a RM1.5 billion crude handling facilities project worth RM1.5 billion.
...
