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Experts urge policies to make digital payments cheaper, more accessible

Experts at a discussion on Monday stressed the need for making digital payments easy, secure, and more accessible in Bangladesh to promote interoperable payment systems.They also emphasised the need for policies that offer incentives to stakeholders and make digital payments cheaper than cash transactions.Interoperable payments refer to a system that...

Govt considers revising WWF contribution rate

The government is considering revising the rate at which companies contribute to the Workers' Welfare Fund (WWF), a programme providing various welfare benefits to workers.Currently, most companies are required to contribute 5.0 per cent of their annual profits to the fund, while the ready-made garment (RMG) sector contributes only 0.03...

SONALI BANK INAUGURATES TREASURY AUTOMATION LIVE IN CBS

SONALI BANK INAUGURATES TREASURY AUTOMATION LIVE IN CBSSonali Bank PLC, the largest state-owned commercial bank, has fully automated its treasury activities with the Core Banking System (CBS). All activities of the bank's treasury divisions have now integrated into CBS. MD and CEO Md. Shawkat Ali Khan along with other officials...

SBAC BANK CELEBRATES 200TH BOARD MEETING

SBAC BANK CELEBRATES 200TH BOARD MEETINGSBAC Bank PLC celebrated its 200th Board Meeting at the bank's Head Office on Monday. Chairman of the bank Md Moklesur Rahman along with other officials cut a cake at the boardroom on the occasion. SBAC Bank's Vice Chairman Anwar Hussain; Directors Hafizur Rahman Babu,...

NRBC Bank gets new DMD

Mohammad Abdul Qaium Khan has joined NRBC Bank as the Deputy Managing Director (DMD) and Chief Operating Officer (COO) on Sunday, says a statement. As DMD and COO, Mr. Khan will be responsible for overseeing NRBC Bank's operations, technology integration, and customer service excellence, with a focus on enhancing operational...

More cultivation, huge surplus lead to potato price collapse

Sultanul IslamHigh prices of potatoes in 2022-2023 encouraged farmers around the country to increase cultivation of potatoes in 2024-2025 season. This led to the highest production in history.11.5 million tonnes of potatoes were produced in the last harvesting season, far more than the annual demand of 8 million tonnes. This...