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Source: Outlook India Is it a house or a home? A temple to the new India, or a warehouse for its ghosts? Ever since Antilla arrived on Altamont Road in Mumbai, exuding mystery and quiet menace, things have not been the same. “Here we are,” the friend who took me there said, “Pay your respects […]

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By: Asif Showkat   A high-powered team of the Egmont Group of Financial Intelligence Units will visit Dhaka in September to examine the anti-money laundering activities of the government, official sources said. During the visit, concerned officials of various ministries and divisions will inform the team about Dhaka’s anti-money laundering (AML) activities, a senior finance […]

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By: Rejaul Karim Byron The net losses incurred by state enterprises doubled to Tk 16,880 crore in the current fiscal year compared to the previous year, mainly due to lower selling prices of fuel and electricity than their purchase prices. Of the 48 state enterprises, 36 made a profit of Tk 8,386 crore, while 12 […]

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By JULHAS ALAM Bangladesh said Thursday it anticipates 7.2 percent economic growth in the coming fiscal year from increased export earnings and more remittances from Bangladeshis abroad. Finance Minister A.M.A. Muhith unveiled the budget for 2012-13 in Parliament amid a boycott of the proceedings by the opposition, who accuse the government of repressing its leaders […]

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(Reuters) – Bangladesh’s exports fell for the third month in a row in May, government figures showed on Sunday, as the euro zone debt crisis continued to subdue the country’s economy. In May, exports plunged 4.17 percent from a year earlier to $2.199 billion, Export Promotion Bureau data showed. In April, exports fell 7.13 percent […]

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Finance Minister A M A Muhith at a post-budget briefing Friday termed the proposed budget as ‘people’s budget’, and defended the money whitening facility offered in the budget for the sake of economy and investment. He said the siphoning off undisclosed money would decrease, if such money is injected into the formal economy. The finance […]

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Centre for Policy Dialogue (CPD), a civil society think tank, on Friday said the black money-whitening scope cannot be there always because it is economically unjustifiable and discouraging for the honest taxpayers. “It can’t be continued for an unlimited period. It’s our clear stance,” CPD distinguished fellow Dr Debapriya Bhattacharya said at a media briefing […]

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By: Nazmul Ahsan Finance Minister AMA Muhith will place the proposed budget for the fiscal year (FY), 2012-2013, in the Jatiya Sangsad (JS) today (Thursday). The total outlay of the proposed budget is likely to be at the level of Tk 1917.38 billion, up by 17.20 per cent or Tk 281.49 billion, over that of […]

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Bangladesh on Sunday announced that it has discovered a huge extractable reserve of limestone, the main ingredient used to make cement, in the country’s north. “We found the reserve of Sylhet Limestone (a type of limestone) at Panchbibi area of Joypurhat while we were carrying out test drilling 1,498 feet beneath the surface. The reserve […]

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Standard and Poor’s has affirmed BB- rating and a stable outlook for Bangladesh. The annual rating was given on the basis of a recent visit by S&P analysts to Bangladesh, said the credit rating agency in a press statement on Thursday. It said Bangladesh was rated second highest in South Asia behind India (BBB-) and […]

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The third ‘Indo-Bangla Trade Fair-2012’ kicked off in the city Thursday aiming to boost bilateral trade between Bangladesh and India in the coming days. “The fair will provide the participants from the two neighbouring countries with opportunities for promoting their respective products and services to the consumers and the business communities,” Finance Minister AMA Muhith […]

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