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Bangladesh tops list of growth rate of high net worth individuals: economists give mixed reactions

Bangladesh’s economists have welcomed the recent news of the country topping the list with the highest growth rate of the ultra rich, albeit with reservations. They pointed out that it is a “sort of good news”, interpreting it as an indicator of the country’s overall macroeconomic development. They, however, termed the growing

AIIB KEEN TO INVEST IN WATER MANAGEMENT, COMMUNICATION PROJECTS

Asian Infrastructure Investment Bank (AIIB) is interested to invest in the country’s water management and communication projects aimed at turning Bangladesh as a developed nation in the global arena. “We want to expand our investment in Bangladesh. We are looking forward to invest in municipal water supply and communication sector development,”

Fintech or Techfin?

The banking industry is experiencing disruption at an increasing pace. Over the past few years, traditional financial institutions and non-traditional fintech firms have begun to understand that collaboration may be the best path to long-term growth. At the same time, big tech firms are offering financial services, creating techfin solutions. The

GOVERNMENT PLANS TO GO STRICT ABOUT SINGLE DIGIT LOAN

The government has decided to make it mandatory from August 9 for all the scheduled banks to charge a maximum 9 percent interest rate for lending, and 6 percent for deposit. Finance Minister Abul Maal Abdul Muhith made the announcement while talking with the journalists after a meeting with the bank

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