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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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Bangladesh Bank has projected that the growth of the country’s gross domestic product would be more than 7 per cent in the current fiscal year, but a negative growth in inward remittance and a moderate export growth might create downside risks. The central bank made the projection in its quarterly (October-December of FY 2016-17) publication ‘Bangladesh […]

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Cheques and imbalancesThe government initiates a coup at Bangladesh’s biggest bank Board members receive a visit from military intelligence IT WAS an odd job for a spy agency. On the morning of January 5th military intelligence operatives phoned the chairman, a vice-chairman and the managing director of Islami Bank Bangladesh, picked them up from their […]

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Garment shipments to Canada, one of the major export destinations for Bangladeshi manufacturers, dropped 7 percent to $437.78 million in the first half of this fiscal year on the back of lower demand. “The decline is due to global slump in demand for apparel,” said Faruque Hassan, vice-president of Bangladesh Garment Manufacturers and Expor-ters Association. […]

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Indian businesses will make investments of $9 billion in Bangladesh. The country’s private sector have signed several deals with Bangladeshi companies during Prime Minister Sheikh Hasina’s visit, says the India-Bangladesh joint statement. “Both sides have expressed satisfaction over the growth of trade and investment in the recent years,” it reads. The statement said the two […]

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Country’s export earnings rebounded in March of the current financial year 2016-17 overcoming the negative earnings growth of the month of February and slow growth in previous couple of months. Export earnings in March grew by 9.83 per cent to $3.11 billion from $2.83 billion in the same month of last year, according to Export […]

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The Bangladesh Bank has raised ceilings of loans disbursed against credit cards and personal loans. According to the revised regulations, banks can now disburse up to Tk 1 million, up from Tk 500,000, in loans against unsecured limit on credit card. Banks will be allowed to disburse up to Tk 2.5 million in loans under […]

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