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Rahman Jahangir Myanmar’s move to build a ‘mini Singapore’ in its territory should alert the authorities concerned in Bangladesh alert. This should serve as a wake-up call for this country. It may miss opportunities for large foreign investments if its neighbour takes advantage of what it has offered to foreign investors long ago–cheap labour cost. […]

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Doulot Akter Mala Corporate tax collection might face a blow in the current fiscal as taxmen predict a poor growth in businesses of the large companies including private commercial banks and mobile phone operators. Income tax officials said achieving the target for the current fiscal would be a big challenge as it is quite ambitious […]

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FHM Humayan Kabir The government has finally decided to borrow hard-term loans worth nearly US$1.5 billion from export credit agencies (ECAs) for setting up five big power plants, officials said Monday. The Power Division officials said they have already selected bidders for setting up the plants, to be mobilised with the ECA loans. “We have […]

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A hybrid rice variety developed in the Philippines has captured 20 percent of Bangladesh’s hybrid rice market, thus helping the developing country in South Asia meet its goal to become self sufficient in rice, an exporting Filipino firm said Monday. Local firm SL Agritech Corp. has been shipping its SL-8H variety seeds to Bangladesh since the initial production of seeds in […]

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Feb 11 (Reuters) – Olam International made the lowest offer to sell 50,000 tonnes of wheat to Bangladesh for $331.88 a tonne, including freight, insurance and other expenses, in a tender that opened on Monday, an official from the state grains buyer said. Seven bidders took part in the tender, the ninth issued by the government’s grain […]

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Bangladesh will propose to the World Bank (WB) to divert the scrapped $1.2 billion fund, which was supposed to be disbursed for constructing Padma Bridge, to other development projects now being implemented with the Bank aid. Finance Minister AMA Muhith made the announcement on Sunday, saying, “The proposal of fund diversion will be formally placed […]

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Rezaul Karim The country’s banks provided about 350 Suspicious Transaction Reports (STRs) last year to the central bank thanks to its strict vigilance against money laundering, a Bangladesh Bank official said on Thursday. In the previous year, the STRs totalled nearly 200, Bangladesh Bank (BB) data said. “The submission of an increased number of STRs […]

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Shakhawat Hossain The government is going to revive its plan to impose additional levy on nearly a dozen of items, including mobile phone, air tickets and land sales for mobilising fund for construction of the Padma Bridge on own finance, officials said. Finance minister Abul Maal Abdul Muhith has already given a verbal order to […]

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  They made the statement during a courtesy call on the Prime Minister. They requested her to remove ‘political differences’ as two camps were divided over the caretaker government dispute. In line with the amended constitution the ruling Awami League wants to hold next elections under a political government, but the main opposition Bangladesh Nationalist […]

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THERE is no lack of world-beating records in Bangladesh. It starts as the world’s most densely populated country (not counting city-states and the like). Its capital, Dhaka, merely an undistinguished district headquarters at time of partition from India in 1947, can now be counted as the fastest-growing city in the world. Female leaders have ruled […]

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Feb 6 (Reuters) – Bangladesh’s annual inflation rate in January eased to 7.38 percent from 7.69 percent in December, the statistics bureau said on Wednesday, as prices of both food and non-food items rose at a slower pace. The central bank cut its key policy rates by half a percentage point last week for the […]

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Bangladesh may lose duty-free access for its garments to Canadian market, as the developed nation has excluded India and China – from which Bangladesh mainly imports yarn and fabric for its garments – from its General Preferential Tariff (GPT) facility list. Under the GPT rules, 175 developing nations, including Bangladesh were allowed to export their […]

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