Cyber security-- major concern for financial institutions

Fears of major cyber attacks on banks have been rising since hackers successfully stole nearly $100 million from the Bangladesh Bank, the central bank, in 2016. Shortly after that incident, Russian central bank disclosed that hackers stole more than $31 million from the country's central bank and commercial banks. SWIFT...

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The Hundi market and remittances

The widespread discussions about remittance flows and the Hundi market are largely wrong in their understanding of what is happening. Much of the discussion by both international organisations and by economists in Bangladesh stress capital flight. However, capital flight is only a small part of the Hundi market operations in...

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Bangabandhu-1 opens a new window of opportunities

Bangladesh has emerged as the 57th satellite-owning nation with the launching of the 'Bangabandhu-1' on May 12 from Florida. The 3.7-tonne satellite is now on the Launch and Early Orbit Phase (LEOP), and getting closer to its orbital slot at 119.1 degree east.Bangabandhu-1 will be a great addition to the...

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