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Star Business Report The high non-performing loan ratio remains a key concern for the banking sector, said a country paper on Bangladesh that was presented at a conference yesterday. Between 2014 and 2018, the NPL ratio has been hovering above the 10-percent mark, according to the paper titled “A Review of the Activities and Performance […]

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  PreviousNext Nine days after Boris Johnson dropped a broad hint that the end was very close, Britain has lifted an embargo on direct cargo flights from Dhaka. The decision was announced by British High Commissioner Alison Blake at a media briefing at Shahjalal International Airport on Sunday. Civil Aviation and Tourism Minister AKM Shahjahan […]

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A internet file photo shows an oceangoing ship. Importers and manufacturers may get value-added tax waiver on import and manufacturing of oceangoing large ships having capacity above 5,000 DWT to make the sector vibrant, officials of the National Board of Revenue said. They said that stakeholders including different government offices, operators and manufacturers at a […]

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Gold demand slid to an eight-year low point in 2017, an industry body said on Tuesday, as investors switched to riskier assets such as stock markets. Global annual demand fell to 4,071.7 tonnes last year, the World Gold Council (WGC) said in a performance report for the precious metal widely regarded as a haven investment […]

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Bangladesh Bank Governor Fazle Kabir unveils the new monetary policy statement on the central bank premises yesterday. Deputy Governors Abu Hena Mohd Razee Hassan and SK Sur Chowdhury are also seen. Photo: Star AKM Zamir Uddin Trade deficit would hit a record $13 billion this fiscal year due to higher import payments against lower export […]

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Outgoing CPA Chairman Rear Admiral M Khaled Iqbal Dhaka Tribune Criticism has also been hurled at the ports in South Africa and Morocco that are being visited. Chittagong Port Authority (CPA) Chairman Rear Admiral M Khaled Iqbal on Sunday embarked on an overseas tour for gaining experience on port operations. It is entirely normal behaviour from […]

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Auto-activation of unnecessary value added services, poor network coverage and excessive call drop of mobile phone services drew 3,522 complaints against mobile phone operators to the telecom regulator in 2017, with the highest number of complaints lodged against Grameenphone. Of the complaints received by the Bangladesh Telecommunication Regulatory Commission, 56 per cent of total complaints […]

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A file photo shows a man with a pile of jeans climbing up a staircase at a readymade garment factory in Dhaka. World Bank has retained economic growth projection for Bangladesh at 6.4 per cent for the current fiscal year 2017-2018, much lower than the government’s target, forecasting some risks including slippages relating to upcoming […]

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Operating profits of most of the scheduled banks increased significantly in the just-concluded year of 2017 amid rampant credit disbursements by the banks, said senior bank officials. Out of 28 banks, data of which were available till Sunday, operating profits of 27 banks rose in the year. Relatively calm political situation, moderate rise in export […]

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‘Our textiles industry will stand on its feet again now that we have taken the initiative to revive the mills under PPP’ The government has decided to restart 13 textiles mills that were shutdown 25 years ago due to huge losses and run them under a public-private partnership (PP) initiative, according to an official of […]

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The jewellers in Bangladesh have lowered the prices of gold by up to Tk 1,283 per Bhori (11.664 grams). In the announcement on the cut in prices on Monday, the Bangladesh Jewellers Samity or Bajus also demanded an end to ‘harassment of the jewellers’. They sought quick passage and implementation of the guidelines on trading […]

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Bangladesh Telecommunication Regulatory Commission on Monday invited applications from eligible entities for awarding 4G licences and published schedule for auction of three bands of spectrum, seeking bids from eligible firms. The moves of the telecom regulator came following a decision made by the commission at a special meeting held in its office on Monday, a […]

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