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Stocks up at opening

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Share prices at the country’s both bourses — Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed uptrend in early hours of trading on Wednesday. The DSE benchmark index, DGEN gained 25 points or 0.60 percent to reach 4175.72 at 11:05 am today. Of the issues traded till then, 115 gained, 25 declined […]

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Tourists sit under beach umbrellas in Cox’s Bazar. Fears of political turmoil have depressed the 2013 outlook for tourist arrivals from abroad. Photo: STARSohel Parvez The good times the local tour operators saw in 2012 are unlikely to roll into 2013 due to political turmoil, tour operators said yesterday. A relatively stable political environment in […]

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Met office forecasts fog for couple of days more Crops, especially, Boro seedlings may suffer from cold injury in the chilling weather coupled with thick fog while potatoes from blight if farmers do not take extra caution, agronomists say. The cold wave and dense fog would linger for another couple of days, according to the […]

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  Nine listed companies raised about Tk 865 crore, including premiums, through rights shares this year, which is 63 percent lower than last year. The companies issued 49.79 crore rights shares to raise the amount, according to data from the Dhaka Stock Exchange. The fall in capital raised through rights shares was mainly due to […]

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AMA Muhith  Finance Minister AMA Muhith on Sunday said when the world’s leading dailies like the Guardian speak about the prospects of country’s economy then everyone becomes elated, but when the government told the same thing it did not sound good to some people. “Our character is that when the Economist, Wall Street Journal and […]

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New-wave economies going for growth; as even Brics plateau, other countries, from Bangladesh to Mexico, are coming up fast – and could overtake the west by 2050 Bangladeshi migrant workers line up to enter a construction site in Kuala Lumpur of Malaysia in 2011. Photo: Khabar South AsiaStar Online Report Global economists forecast that trend […]

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Mahbub-ur-Rahman, head of HSBC’s corporate banking in Bangladesh, and Md Nurul Alam, managing director of Ashuganj Power Station Company, exchange documents of a loan agreement signed at a ceremony in Dhaka yesterday. Tawfiq-E-Elahi Chowdhury, energy adviser to the prime minister, was also present. HSBC Bangladesh has arranged $420 million loans for Ashuganj Power Station Company […]

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The government appointed 31 directors of seven state-run banks and financial institutions yesterday. Former government officials, at the level of joint secretaries, dominated the appointment. With this, 21 out of 26 vacant posts of directors at Sonali, Agrani and Janata banks are now filled. However, 15 directorial posts at state-run banks and financial institutions are […]

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$14.059b siphoned off

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Reveals Global Financial Integrity report A total of $14.059 billion had been siphoned off from Bangladesh in 10 years since 2001 through trade mis-invoicing, corruption, bribery and tax evasion, said a report of Washington-based Global Financial Integrity (GFI). Of the money, $10.597 billion [almost 75 percent] were transferred through under- and over-invoicing of exported and […]

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Prime Minister Sheikh Hasina presides over the Executive Committee of the National Economic Council (Ecnec)meeting. In a major breakthrough in building the country’s first metro rail system in Dhaka, the government on Tuesday approved a project involving a cost of Tk 21,985 crore. Under the project, 20.1 kilometer overhead rail track would be constructed on […]

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The remittance inflow into the country is likely to reach a record $14 billion this year despite the Middle East crisis, Expatriates’ Welfare and Overseas Employment Minister Khandaker Mosharraf Hossain said yesterday. Last year, Bangladeshi expatriates sent home $12.17 billion. “We are trying to increase remittance that contributes to the national economy,” Mosharraf said at […]

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JS probe finds up to Tk 400cr invested, rest of the money remains traceless; suggests grilling Hall-Mark boss for answer Sajjadur Rahman and Shakhawat Liton Controversial business group Hall-Mark invested only Tk 300-400 crore from the nearly Tk 2,700 crore it had fraudulently taken in loan from Sonali Bank. A government probe committee that was […]

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