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Bangladesh Bank has removed the two-year statutory limit on its control of banks after cancelling their boards, allowing it to retain administrators beyond the period previously permitted under the Bank Company Act. The central bank issued a circular today under Section 121 of the Bank Company Act, 1991, declaring that …

Indonesia’s president has nominated acting central bank governor Destry Damayanti as the sole candidate to take over the job she has held since the abrupt resignation of Perry Warjiyo last month, the government said Monday. “There is only one name, it is Destry Damayanti,” presidential spokesman Prasetyo Hadi said in …

Stocks rose Monday as investors pared their bets on a US interest rate hike after data showed thousands of jobs were lost in July, though sentiment was dented by another spike in oil prices as hopes for an end to the Middle East crisis fade. Tech firms enjoyed a fresh …

The Bangladesh Telecommunication Regulatory Commission (BTRC) is considering a common regulatory framework that would allow internet service providers (ISPs) to offer OTT streaming and other digital services alongside their broadband internet packages. The move comes after two nationwide ISPs — Race Online Limited and ICC Communication Limited — sought regulatory …

Bangladesh has taken a fresh initiative to further strengthen bilateral trade and investment relations with New Zealand by expanding cooperation in promising sectors including agri-tech, dairy, green energy, pharmaceuticals, leather, jute, sustainable textiles and information technology. The initiative was discussed at a meeting with New Zealand Trade and Enterprise (NZTE), …