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 The Board of Investment Scrutiny Committee for approval of Private Sector foreign borrowing on Tuesday cleared the borrowing of US$ 297 million foreign loan against 15 private sector projects. The approval came from the 74th meeting of the Board of Investment Scrutiny Committee for the approval of foreign loan or supplier’s credit held today at […]

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Finance Minister AMA Muhith has said his government will invite global tenders within June for construction of the 6.15-kilometre long rail-road bridge on the mighty Padma River. The tenders will be for three types of construction works including the core structure of the Padma bridge. At a pre-budget discussion on Tuesday, Abul Maal Abdul Muhith […]

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The port city is in the grip of an acute gas crisis with the authorities being forced to temporarily suspend supply to one of its largest consumers — Karnaphuli Fertiliser Company Ltd — since Friday. Karnaphuli Fertiliser has already halted production. Earlier, at the beginning of the year, Chittagong Urea Fertiliser Ltd met the same […]

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Voicing deep concern at the fresh spell of countrywide shutdown calls, apparel sector’s trade bodies — BGMEA and BKMEA — on Sunday said the exporters had to count additional losses of around Tk 250 crore because of air shipments due to hartals in January and February alone. “Export orders worth US$ 2.2 million of 15 […]

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Bangladesh Association of International Recruiting Agency (Baira) on Sunday said they would stop providing all sorts of service regarding manpower export from Monday, accusing the government of making the market stagnant. “We’ve decided to stop providing all sorts of service on manpower export from Monday. In the name of sending people abroad through public initiatives, […]

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The Anti Corruption Commission (ACC) will quiz nine officials of Janata Bank and Shahjalal Bank in connection with the alleged swindling of Tk 1,100 crore from five commercial banks by Bismillah Group, a terry towel producer. The ACC on Sunday served notices to the bank officials asking them to be present at the ACC head […]

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Readymade garment workers blocked a road in the Sadarghat area of the port city of Chittagong on Sunday morning demanding an increase in their wages. Workers of Global Specialized Garments, associated with the Azim Group, blocked the road in Sadarghat’s Kali Bari intersection at around 9:00am, bdnews24.com Chittagong Correspondent reports. Examinees of the Government City […]

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337 ships stranded with 9 lakh tonne imports Tushar Hayat . Chittagong Loading and offloading activities at the outer anchorage of Chittagong Port as well as water transportation of goods across the country have remained suspended for the past two days due to the strike of lighter vessel workers. Lighter vessel workers went on the […]

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SAARC Ins regulators’ meet begins Prime Minister Sheikh Hasina Saturday said the country’s insurance sector rebounded following reforms undertaken by the insurance regulator. “The Insurance Development and Regulatory Authority (IDRA) has reformed the country’s insurance sector and as a result of these steps the industry has rebounded and started earning confidence of the people,” she […]

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The Bangladesh Bank purchased dollars worth $407 million in March from the money market to tackle depreciation of the greenback against the local currency. According to the latest BB data, the central bank has purchased dollars worth $36.01 billion from the commercial banks between July 1 and April 3 of the financial year 2012-13. The […]

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Japan International Cooperation Agency (JICA) chief representative in Bangladesh Dr Toda Takao said that more and more private investors in Japan are eagerly looking at Bangladesh to set up new industries, particularly in the manufacturing sector. Alongside the government’s efforts to receive official development assistance (ODA), he suggested the policymakers in Bangladesh to pursue more […]

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Bangladesh’s extensive diplomatic efforts and constant lobbying has saved one billion dollar RMG export to Canada, and paved the smooth way for future export. The Parliament of Canada has recently decided to amend the relevant criteria in the review of the General Preferential Tariff (GPT) and the Rules of Origin. This landmark decision has culminated […]

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