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Prime Minister Sheikh Hasina says that Bangladesh’s geographic location makes it a ‘convenient connecting hub’ between the Eastern and Western countries. “It’s essential to utilise this opportunity (geographical location) properly for the country’s socioeconomic development,” she said on Tuesday while inaugurating the upgradation work of Hazrat Shahjalal International Airport. She also underscored the need for […]

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IFIC Bank has decided to extend loans to readymade garment factories and other industrial units at six percent interest rate to encourage them to install firefighting and evacuation systems. The decision came from the meeting of the bank’s Board of Directors, said a press release on Monday. It said the bank took the measure in […]

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Disputes on VAT, audit and 3G guidelines should be settled amicably Mohammad Ali Grameenphone (GP), country’s largest telecom operator, is preparing itself to spur the growth of digital future in Bangladesh, its Chairman Sigve Brekke said. “We are preparing ourselves for the digital future. Providing voice services is now being focused. The next generation in […]

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Inditex SA (ITX), which includes the Zara chain, suspended links with two subcontractors after garments with the company’s labels were found at the site of a fatal factory fire in Bangladesh, a spokesman said. Inditex has stopped doing business with Spanish supplier Wonnover and its Bangladeshi sub-contractor Centex as a precautionary measure, Inditex spokesman Jesus […]

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A US Congressional delegation on Sunday said Bangladesh deserves duty and quota free access to the American market and suggested to appoint lobbyists to serve Dhaka’s interest better. The 5-member Congressional delegation led by Jack Kingston, which made a brief visit to Bangladesh on their way to India, came up with the observation during a […]

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The potential of routing trade from Kolkata to the North-East through Bangladesh can be exploited. In a bid to cash in on the shortage of coal faced by industrial consumers for quite some time, a Kolkata-based trader sometime ago wondered about transporting coal from Meghalaya by the river route (a large part of which is […]

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Bangladeshi expats can now send money to their dear ones’ bank accounts in Bangladesh in real time using FLASHremit, from UAE Exchange. Both sender and receiver get an SMS each, the moment account is credited.   Abu Dhabi, United Arab Emirates, January 26, 2013 –(PR.com)– Citizens of Bangladesh, settled outside the country, can now send […]

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With $67 million cost, the plant expected to commence operation by end of 2014 Flagship company of the RPG Group, tyre maker Ceat has signed a joint venture agreement with A K Khan & Company, a Bangladesh-based business house, to set up a tyre manufacturing facility in Bangladesh. The Mumbai-based company and its partner will collectively invest $67 […]

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There has been a record rise in Bangladesh’s apparel exports to new emerging markets during the first six months of the current fiscal year that started on July 1, 2012. Indicative of a year-on-year rise of 24.11 percent, new markets contributed around US$ 996.89 million of the US$ 9.94 billion that Bangladesh earned from exports […]

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By Aparupa Bhattacherjee A Memorandum of Understanding (MoU) on manpower export was signed between the government of Bangladesh and Malaysia in November 2012. Malaysia has announced the recruitment of Bangladeshi workers from January 2013. What are the terms agreed upon through this MoU? Why is an agreement on manpower export essential for both countries? Terms […]

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During the first five months of the current 2012-13 fiscal year ending in June (July 2012-June 2013), the net amount of foreign direct investment in Bangladesh was nearly 12 percent higher compared to the same period a year ago, Bangladesh’s central bank data showed Tuesday. The Bangladesh Bank data showed that net FDI inflows in […]

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The Bangladeshi government has been called on by the EU to comply with relevant health and safety legislation and put in place measures to prevent a recurrence of the textile-factory fire that killed 112 people in November. In a resolution adopted by the European Parliament at the end of last week MEPs regretted the deaths […]

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