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Dhaka, Mar 25 (UNB) – President of Dhaka Stock Exchange (DSE) M Rakibur Rahman on Monday called on financial institutions to hang on with their investment in the bourses for a longer period ahead of the oncoming national election. “As it’s the election year, patience must be shown to ensure the stability of the capital […]

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The country’s remittance inflow stood at US$ 10.765 billion as of March 22 this fiscal, says the Bangladesh Bank. According to the Foreign Exchange Policy Department of Bangladesh Bank, the country received US$ 873.05 million until the 22th of the month. It was US$ 1,163.18 million in February this fiscal. The central bank statistics show […]

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Local Government Engineering Division (LGED) on Sunday signed an agreement with USAID for a grant of US$ 50 lakh for strengthening agricultural infrastructure in the country. LGED chief engineer Wahidur Rahman and USAID Bangladesh mission director Richard Green signed the deal on behalf of their respective organisations. USAID will disburse the grant under its Agriculture […]

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The government is going to start countrywide registration from early April for sending female workers to various countries, including Hong Kong and Singapore. “The registration process for sending female workers to different countries, including that of the Middle East, will begin on April 7,” said Expatriates’ Welfare and Overseas Employment Minister Engineer Khandaker Mosharraf Hossain […]

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Agrani Bank, a state-owned commercial bank, was found involved in showing inflated profit through ‘window-dressed’ accounting during the year 2012. A central bank inspection team detected the ‘massive accounting fraud’ while scrutinising the bank’s balance sheet recently, official sources said yesterday. According to the inspection report, Agrani Bank showed an operating profit of Tk 1314.61 […]

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Increased allocations likely to meet ‘unmet’ electoral pledges Vision-2021′, as spelt out in the Awami League’s (AL) last election manifesto, will largely shape the country’s national budget for the next fiscal year, the concerned officials said. The Vision, which was highlighted before the last general election in 2008 in which the AL got a massive […]

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Jhalakathi, Mar 22 (UNB)– Farmers in the district have achieved a satisfactory output of the high-yielding BARI-5 variety of tomato in the current robi season.The growers of the crop have been largely benefited financially for the good yield. Farmers who cultivated tomato earlier are reaping the benefit of the bumper production of the high-yielding variety […]

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Eighty-six development projects did not witness any expenditure in the Annual Development Programme (ADP) of the last fiscal year (2011-12) although the implementation rate notched up 93 percent last year. The expenditure of the Revised ADP of the last fiscal reached Tk 38,022.76 crore out of the RADP allocation of Tk 41,080.00 crore, according to […]

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Jay Burdett When foreign buyers of Bangladeshi garments are concerned about the country’s growing political unrest, a US-based retailer has decided to increase its orders by 25 percent to $375 million this year, an official said. Jay Burdett, vice president and managing director of the retailer — Sears Holdings Global Sourcing, said this to The […]

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Despite intensive promotion of hybrid rice cultivation by the government, the production of hybrid varieties are declining fast over the last five years, revealed official statistics.The latest rice data, jointly generated by Bangladesh Bureau of Stastics (BBS) and Department of Agricultural Extension (DAE), showed that the acreage and production of hybrid rice varieties have reduced […]

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A Chinese consortium, backed by a government-owned bank, has officially proposed to channel $1.95 billion to bridge the Padma without interest and a payback period of 20 years. It says the dream bridge connecting the capital with the southern and the south-western Bangladesh will complete in just three years. The offer has estimated the cost […]

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The bilateral free trade agreement (FTA) between India and European Union (EU) is likely to have a negative impact on Bangladesh’s exports, trade analysts said yesterday. The remark came out at a meeting on the issue organized by Metropolitan Chamber of Commerce and Industry (MCCI) and Bangladesh Foreign Trade Institute (BFTI) at the MCCI office. […]

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