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Mansur announced plans to hike the benchmark rate by 50 basis points to 9%, and stated that rates would hit 10% within the coming months. Bangladesh has suffered years of financialsystem dysfunctionality. In September, the PBoC cut its benchmark seven-day interest rate by 20 basis points to 1.5% per greenback.
Construct Reliable Control Systems: Ensuring the integrity of financialsystems and controls is crucial. The CFO must review existing controls, identify any gaps, and implement improvements to safeguard the company’s assets and ensure accurate financial reporting.
Additionally, many incumbent firms are restructuring by spinning off their payments divisions into standalone entities to capture higher valuations. There are several reasons why deal activity is more vibrant, Soni says. One reason is that corporates like to cherry-pick assets that enhance their capabilities.
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