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Rice paddy price begins to rise ahead of impending tariffs The price of rice paddy has begun to rise in anticipation of the tariffs to be reintroduced on rice imports in the government’s budget for the coming fiscal year. The impact of the tariffs has yet to be felt in the rice market due to […]

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Malaysian Human Resources minister calls the migrant worker recruitment process ‘a mess’ Rajib Dhar Minister dubs it total mess; Bangladesh not officially communicated Expatriates’ Welfare and Overseas Employment Minister Nurul Islam on Saturday said that the Malaysian government may cancel the recruitment system, but it will not hamper the process of sending workers to the country. […]

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Prime Minister Sheikh Hasina meets with leaders of Bankers Association of Bangladesh (BAB), Wednesday June 20, 2018 Focus Bangla The interest on three month term deposits to be fixed at 6% Owners of private commercial banks have decided to bring down the interest rate on lending to 9% and that on deposits to 6% from the […]

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Finance Minister AMA Muhith (File Photo) Finance Minister AMA Muhith has come under fire from deputies in parliament again for having outlined no plan in the proposed budget on the banking sector reforms. Jatiya Party MP Kazi Firoz Rashid led the tirade in a discussion on the FY 2018-19 budget on Tuesday, accusing Muhith of […]

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A file photo shows a man carrying a sack of rice at a wholesale market in Dhaka. The prices of rice went up in the city’s wholesale markets following the announcement of budget for the financial year of 2018-19 as the government reinstated 28 per cent import duty on the staple in the budget. — […]

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Eight state-run banks accounted for more than half of the Tk 88,589 crore default loans in the banking sector at the end of the first quarter of 2018 as their unbridled indiscipline continues to weigh down the entire industry. At the end of March, the default loans of Agrani, Rupali, Sonali, Janata, BASIC, Bangladesh Krishi, […]

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The World Bank’s Board of Executive Directors has approved US$700 million to improve primary education in Bangladesh, reports UNB. The project titled ‘Quality Learning for All Programme (QLEAP)’ will help improve the education quality and ensure equitable access to primary education and benefit over 18 million children studying in pre-primary level to grade 5, the […]

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Fashion entrepreneurs in Dhaka have expressed frustration over the poor sales of their products ahead of the impending Eid-ul-Fitr. Local fashion brands live on sales ahead of festivals, especially Eid-ul-Fitr, as the lion’s share of their annual profits come from seasonal sales. Earnings from Eid sales constitute about 40% of the total profits of  top […]

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A file photo shows a worker handling a machine at a spinning mill in Dhaka. Traders will have to disclose the relevant bank account information to the tax authority as proof of transactions for getting tax credit or VAT rebate. — New Age photo Traders will have to disclose the relevant bank account information to […]

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The budget for the 2018-19 fiscal is presented in parliament on Thursday. Photo: PID Opposition leaders and some lawmakers from the ruling party have come down hard on Finance Minister ABA Muhith over the loan scandals and mismanagement that plagued the banking sector amid discussions on budget in parliament. Most of the lawmakers criticised the […]

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Daily Star;  June 08, 2018 Lofty goals, fragile base Muhith unwraps yet another fat budget, hopes for a magical turnaround amid poor implementation record Inam Ahmed and Shakhawat Liton It looks like another repeat story. We had a big budget that failed to achieve its targets. Now we are pushing for a bigger one with […]

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Pitch-perfect budget for an election year?  Ibrahim Hossain Ovi  Published at 01:17 am June 7th, 2018  Last updated at 03:50 am June 7th, 2018 Ten years. Ten budgets in a row. And this one – four times larger than the first Awami League post-1/11 budget – is the finance minister’s most ambitious, and may be […]

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