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BB to introduce Real Time Gross Settlement system for quicker banking

The central bank will introduce the Real Time Gross Settlement (RTGS) in the financial services of commercial banks by 2014 to ensure smoother and quicker inter-bank clearing of payments, said Bangladesh Bank (BB) officials on Sunday. “We’re working to develop the swift finance service mechanism, and the RTGS will be introduced by 2014 to integrate […]

Fire kills 11

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Hundreds homeless, 15 injured as blaze at night destroys Hazaribagh slum in city; all victims are women, children Dwellers of Boubazar slum in the capital’s Hazaribagh area wailing while some others feeling simply lost as a devastating fire razed over 700 shanties early yesterday, leaving them in immense distress. At least 11 people were killed […]

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Southeast regional leaders discuss territorial disputes in the South China Sea, and ethnic conflict in Myanmar Southeast Asian leaders endorsed a controversial human rights pact on Sunday during an annual summit in the Cambodian capital of Phnom Penh in which they also focused on bruising territorial rows and deadly unrest in Myanmar. The summit of […]

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Amanur Rahman Khan Rana Independent candidate Amanur Rahman Khan Rana won the Tangail-3 by-election by a huge margin on Sunday. Rana bagged 97,808 votes while Awami League candidate Shahidul Islam Lebu got 44,531 in all 96 polling centres. He was expelled from the ruling party on Friday last. The voting began at 8:00am and ended […]

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In this November 13 photo, activists of Jamaat and Shibir attack the motorcade of Law Minister Shafique Ahmed near Sonargaon crossing in the capital. Agriculture Minister Matia Chowdhury on Sunday severely blasted the US embassy in Dhaka for what she said siding with Jamaat-e-Islami by urging the government for a dialogue with the anti-liberation war […]

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Syed Badrul Ahsan US President Barack Obama flies into Yangon today on a historic visit to Myanmar. The sense of history stems from two very important realities. The first is that the visit is the first ever to the country by an American president (Vice President Richard Nixon visited Myanmar, then known as Burma, in […]

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Dhaka has expressed surprise at Myanmar leader Aung San Suu Kyi’s recent comments about Rohingyas in the Rakhine state being illegal immigrants from Bangladesh. In a press statement on Sunday, the foreign ministry expressed surprise at such comments since these are clearly at inconsistency from the position of the Myanmar government and the action taken […]

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