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A file photo shows a man filling up a tank of a motorcycle at a filling station in Dhaka. Import payments in the first two months of the current fiscal year (2017-2018) increased by 31.55 per cent year-on-year due mainly to surge in rice import, increase in the prices of crude oil in the international […]

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World Bank country director Qimiao Fan speaks at a briefing held at the WB office in Dhaka on Wednesday. WB lead economist Zahid Hussain was present, among others. — New Age photo The World Bank has projected that Bangladesh’s economic growth might slow down to 6.4 per cent in the fiscal year 2017-18 against the […]

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Domestic airlines and hotels in Cox’s Bazar are seeing a spike in occupancy as government officials, human rights activists and development workers travel to the beach town in the wake of influx of Rohingya refugees. “We are witnessing a higher number of foreign guests nowadays because of the Rohingya crisis,” said Aminul Haque Shamim, managing […]

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A file photo shows men weighing paddy at a wholesale market in Brahmanbaria. The Asian Development Bank on Tuesday retained its previous lower forecast of economic growth for Bangladesh at 6.9 per cent for the current fiscal year 2017-2018 amid slower income growth in agriculture, wage employment and remittance inflows as well as weak domestic […]

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A file photo shows a man arranging LPG cylinders in Dhaka. Consumption of liquefied petroleum gas in the country has been increasing at a faster pace since 2013 with growing allegations of charging higher prices and supplying the cooking gas without maintaining quality and quantity. — New Age photo Consumption of liquefied petroleum gas in […]

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Rangs Group, one of the leading business conglomerates in Bangladesh, opened a vehicle assembly plant in Sonargaon on Friday to tap the fast-growing local market. The facility sprawling over 40 acres of land in Sonakhali under Sonargaon upazila of Narayanganj will initially assemble pick-ups and human haulers with completely knockdown (CKD) kits from Indian multinational […]

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Spinners are facing troubles as they cannot release cotton from Chittagong port in time due to congestion that was created from the breakdown of two of the four gantry cranes in June. Cotton is an essential raw material for the garment sector, the country’s main export earner. The spinners import cotton from India, the US, […]

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The government has targeted to earn Tk 11,000 crore by selling spectrum at the upcoming 4G technology auction that will allow mobile phone operators to offer high-speed data service. Industry experts, however, cautioned that the government should not be too much focused on making a huge amount of money from the auction because high prices […]

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Akij Jute Mills, a concern of Akij Group, may finally get the government approval to purchase a Malaysian company along with its subsidiary for $80 million, or Tk 652 crore, making it the seventh Bangladeshi company to invest abroad. The local company intends to acquire Malaysian Robin Resources and its fully-owned subsidiary Robina Flooring — […]

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People gather to buy rice and atta at reduced prices from an open market sales point in the Dhaka city on Sunday. The government on the day started open market sales of coarse varieties of rice at Tk 30 a kilogram and atta at Tk 17 a kg in the divisional towns across the country in the […]

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Bangladesh’s balance of payments entered the negative territory for the first time in 16 years in July on the back of a wide mismatch in trade. The overall balance was $179 million in the deficit in the first month of fiscal 2017-18 against $480 million in the surplus a year earlier. While historical monthly data […]

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The government’s long quest for overcoming gas crisis would finally be over next year when it hopes to bump up the supply by 37 percent, ridding on imports of liquefied natural gas, said the energy adviser yesterday. “There will be no gas crisis from next year,” said Prime Minister’s Energy Affairs Adviser Tawfiq-e-Elahi Chowdhury yesterday […]

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