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Bangladesh seeks Belarus support for quota free access to ECU

State minister for foreign affairs Md Shahriar Alam. — New Age file photo Bangladesh has sought support of Belarus for the ‘duty free-quota free’ access of Bangladeshi products to the Eurasian Economic Union as there are ample of scopes for further expansion of bilateral trade and investments. State minister for foreign affairs Md Shahriar Alam […]

Cybercriminal gang Lazarus group carried out the $81 million Bangladesh Bank cyber heist, not the other groups named since the February 2016 incident, according to a top researcher of cyber security firm Kaspersky Lab. Vitaly Kamluk, director of the Moscow-based company’s global research and analysis team for the Asia Pacific region, said: “We’re pretty sure […]

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Bangladesh is on course to become self-sufficient in billet manufacturing, thanks to huge investment by large steel mills to make the main raw material for rod amid the growing demand. The country’s billet production capacity more than doubled to nearly 35-40 lakh tonnes per year, accounting for more than two-thirds of the total yearly demand. […]

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US-based Moody’s Investors Service has affirmed the Bangladesh government’s Ba3 bond rating and maintained a stable outlook on the rating. The investment rating issuer released the information in a statement on Monday outlining the rationale for the decision. A Ba rating by Moody’s indicates a speculative bond subject to substantial credit risk, with a Ba3 […]

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US Ambassador to Bangladesh, Marcia Bernicat has said that American public-and private-sector firms’ interests in Bangladesh’s growing energy and power sector is said to be ‘increasing day by day’. The envoy said this while meeting State Minister for Power and Energy Nasrul Hamid at his office in the Bangladesh Secretariat on Monday, according to a […]

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In order to clean its balance sheet, Prime Bank wrote off Tk 300 crore embezzled by Bismillah Group. “The legal process to recover the money is also ongoing,” said Ahmed Kamal Khan Chowdhury, managing director of Prime Bank. Golam Rabbani, deputy managing director of the bank, said some other banks were also the victims of […]

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According to a latest report of World Bank, South Asia remains the fastest-growing region in the world with Bangladesh sustaining growth at 6.8 percent in 2017, gradually widening its lead relative to East Asia. Regional GDP growth of South Asia is expected to jump from 6.7 percent in 2016 to 6.8 percent in 2017, and […]

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A file photo shows a worker producing jute yarn at a factory on the outskirts of Dhaka. Economists and businesses have said the imposition of anti-dumping duty on Bangladeshi export products including jute goods by India would jeopardise Bangladesh’s recent initiatives to increase trade and business with its next-door neighbour and to narrow the trade […]

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Bangladesh Telecommunications Company Limited (BTCL) recorded the highest loss in the last fiscal year. The telecom company reported loss of Tk 336.44 crore as the state-owned firm’s struggle against the private mobile operators deepened. A senior BTCL official said the company is incurring a loss of about Tk 30 crore every month, although the government […]

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A majority of tannery workers are not getting the assurance of job security or service benefits as the units shift from Hazaribagh to Savar. The tanners have started shifting their machinery and office equipment as the Department of Environment (DoE) disconnected the power, gas and water supplies to the factories on Saturday. But factory owners […]

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A file photo shows workers sewing jute bags at a factory on the outskirts of Dhaka. Bangladeshi jute goods exporters see no hope of withdrawal of anti-dumping duty imposed by India on import of jute goods from Bangladesh as the deadline for legal battle ended on April 5 with only one local exporter filing appeal. […]

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It is the “trust deficit” which is standing in the way of connectivity in the Bay of Bengal Initiative for Multi-Sector Technical and Economic Co-operation (BIMSTEC) grouping. Indian think-tank CUTS and the BIMSTEC secretariat in Dhaka brought together experts of the member states at a conference on Tuesday to discuss the ways of facilitating connectivity […]

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