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Mixed bag for financial sector in 2019

Robust economic reforms, remittances received from expats, boost in exports, and the vision of the leadership are major factors behind the turnaround of Bangladesh's economy in the last one year. Even in the face of a global recession, the country has recorded an estimated 8.1 per cent GDP growth in 2019. Bangladesh

IT outsourcing touches billion dollar mark for the first time

The earning from outsourcing Information Technology enabled services (ITES) jobs has touched the $1 billion mark in the last 12 months for the first time in the country’s history, sources in the Bangladesh Association for Software and Information Services (BASIS) said. In last year, the earning was 800 million US dollar

Trapping memories

World Audiovisual Heritage Day on October 27 “Engage the past through sound and image”— this is the theme of this year’s World Day for Audiovisual Heritage to be celebrated worldwide on October 27. In the world of smartphone, social media and big data, capturing past through sound and image is no difficult

Revised Digital Commerce Policy yet to get Cabinet approval

The Digital Commerce Policy, which has been formulated and revised to attract foreign investment, is yet to get the approval of the Cabinet Division. In the last week of July, the reviewed policy was forwarded to the Cabinet for approval. The government brought changes in the policy by publishing a gazette notification following objections

Illegal DTH operators siphon off over Tk 800cr every year

Taking advantage of the absence of monitoring, illegal DTH (Direct-to-Home) operators have flooded the local market with connections, causing the Bangladesh government to incur losses of over Tk 800 crore annually. The government has noticed such rampant use of illegal DTH services. Information minister Dr Hasan Mahmud recently warned such operators

Key takeaways from SFF-the world’s largest Fintech festival

How can the power of finance and technology be harnessed to create a greener world and, in particular, a greener financial system, Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS), asked a packed house during the Singapore Fintech Festival’s opening ceremony. “Fintech must have a larger purpose,

Bitcoin, Libra Heading for Social Media Showdown

Twitter’s cofounder and chief executive Jack Dorsey and Facebook’s co-founder and chief executive Mark Zuckerberg have emerged as champions of two similar but opposing ideas: the internet needs its own currency, but one sees it as centralized, through Facebook, the other sees it as decentralised, through bitcoin, Billy Bambrough reported in Forbes. Zuckerberg appears

The Enigma of Bangladesh’s Economic Success

Bangladesh has been marred by tragedy including: the 1971 Liberation War, poverty, natural disasters—and now—one of the world's largest refugee crises after receiving an influx of 750,000 Rohingya Muslims who fled persecution in neighboring Myanmar. However, with remarkably little international attention, Bangladesh has also become one of the world's economic success

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