Mercantile Bank Ltd (MBL) signed an agreement with Grameenphone Ltd (GP) recently.
Under the agreement, MBL will provide Mobile Banking Services ‘MYCASH’ to its customers via Grameenphone’s MobiCash distribution network, said a press release here on Sunday.
M Ehsanul Haque, Managing Director and CEO of Mercantile Bank and Vivek Sood, Chief Executive Officer of Grameenphone signed the agreement on behalf of their respective organisations.
The Executive Board of the International Monetary Fund (IMF) completed the third review of Bangladesh’s economic program under a three-year arrangement supported by the Extended Credit Facility (ECF).
The Board’s decision enables the immediate disbursement of an amount equivalent to SDR 91.423 million (about $140.4 million) to Bangladesh. This would bring total disbursements under the arrangement to SDR 365.692 million (about $561.4 million), says an IMF press release.
The three-year ECF arrangement for Bangladesh was approved by the Executive Board on April 11, 2012 (see Press Release No. 12/129) for a total amount equivalent to SDR 639.96 million (about US$982.5 million), or 120 percent of quota.
Seeking security, top business leaders on Sunday sent out a strong message for two top leaders — Prime Minister Sheikh Hasina and BNP Chairperson Khaleda Zia — and urged them to stop violence immediately giving space for smooth functioning of the country’s economy.
“We can’t be helpless witnesses to the gradual destruction of the sector (RMG). You (Hasina-Khaleda) can do politically whatever you like, but nobody has the right to destroy the RMG sector. The RMG sector is our pride,” President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Kazi Akram Uddin Ahmed told reporters at a joint press conference.
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President M Atiqul Islam, ICC...
Due to political turmoil in Bangladesh and depreciation of rupee against the dollar, trade decline between the India’s northeastern states and its eastern neighbour has enormously affected the Indian economy, officials and traders said.
With the depreciation of the Indian rupee against the dollar and political turmoil in Bangladesh, trade between the northeastern states and India’s eastern neighbour has been enormously affected, officials and traders said.
According ...
UN High Commissioner for Human Rights Navi Pillay urged the Bangladesh political leaders on both sides to stop political violence and their ‘destructive brinkmanship’.
“Whatever their differences, political leaders on both sides must halt their destructive brinkmanship, which is pushing Bangladesh dangerously close to a major crisis,” Pillay said in a statement issued from Geneva on Sunday.
Instead, she said, they (political leaders) must fulfill their responsibility and use their influence to bring this violence to an immediate halt and seek a solution to this crisis through dialogue.
The statement came at a time when the...
Robi Axiata Ltd has recently signed a MOU with UNDP UPPRP project at UPPRP Head Office in the city.
UNDP UPPRP is the biggest project in the world focused on reducing poverty by mobilizing urban poor communities to form representative and inclusive groups that identify, prioritize and address the settlement, economic and social problems they face every day.
Robi is providing 2700 SIMs free-of-cost to UPPRP grant beneficiaries on a pilot basis at Tangail and Savar City Corporations. Under this arra...
