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Three Kuwaiti investors in Islami Bank Bangladesh Ltd (IBBL) have received permission from the Bangladesh Securities and Exchange Commission (BSEC) to offload their equity holdings in the bank, official sources said Sunday. The three investors from Kuwait as the sponsors of IBBL own 15 per cent of IBBL’s paid-up capital. The number of their shares […]

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Garment and textile leaders expressed firm concern about the present situation of the country as another 48-hour country wide hartal sets off tomorrow, called by the opposition party BNP, demanding release of its leaders and workers detained on March 11 following police raids on its party office. Expressing concern upon Bangladesh’s economy, the leaders of […]

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Business people and representatives of Bangladesh and Turkey at a meeting have expressed their keenness to harness the business potentials between the two countries and hoped that the trade could reach a $10b mark with sincere efforts. The Turkey Bangladesh Chamber of Commerce & industry (TBCCI) hoisted the dinner meeting to focus on the Turkey […]

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  The country’s trade deficit in the first seven months of the current financial year decreased by 29.36 per cent compared with that of the same period of FY 2011-12 due mainly to negative import growth, said Bangladesh Bank officials. According to the latest BB data, the import in July-January registered a negative growth of […]

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Farmer Mati Lal Halder of Srimantakathi village of Jhalakathi sadar upazila has become successful by cultivating cumin for the first time in the district. He collected seeds of cumin from his daughter’s house in Gopalganj and cultivated the same on a test basis on a three decimal land in his homestead along with potato. He […]

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DHAKA, MAR 14: Three new banks – South Bangla Agricultural and Commerce Bank Limited, Union Bank and NRB Commercial Bank – have been cleared by Bangladesh Bank to start commercial operations. South Bangla bank was given the clearence last Thursday while Union Bank and NRB banks got their approvals on Sunday. Earlier, the apex bank […]

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The International Monetary Fund will review whether the government’s new financing arrangement for constructing Padma bridge will have any negative impact on the country’s fiscal, external and debt sustainability. The Washington-based lender is also discouraging the government from setting up nuclear power plants with credit from Russia at high interest rates. In its country report […]

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The amount of foreign aid in the closing pipeline crossed US$ 15 billion at the end of the last fiscal year (2011-12) apparently because of the slow implementation of projects that leads to slow disbursement of foreign aid.  The pipeline amount stood at 15.4 billion that was 11.29 percent higher than that of the previous […]

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It’ll provide permanent link between two parts of country: Samy Vellu Dhaka, Mar 15 (UNB) – The Malaysian government on Friday formally offered Bangladesh to help implement the US$2.3 billion Padma Bridge project, the largest ever infrastructure project in Bangladesh. Malaysian Prime Minister’s Special Envoy to India and South Asia Datuk Seri S Samy Vellu […]

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China will provide 133 million U.S. dollars soft loan for a Bangladesh project aimed at bringing all government offices across the country under one network, according to an agreement signed here on Wednesday. Under the framework agreement between the two governments, China will provide 860 million yuan (equivalent to 133 million U.S. dollars) for the […]

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The Open Budget Survey 2012 of the Washington-based International Budget Partnership (IBP) shows that Bangladesh has consistently increased in its Open Budget Index (OBI), indicating that the country is moving towards development, reports UNB. Bangladesh scores 58 out of 100 against 42 in 2008 and 48 in 2010, showing a marked improvement. The Open Budget […]

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Agartala, March 14 (IANS) The central government would start work from the 2013-14 fiscal on making the Guwahati-Agartala National Highway (NH 44) four-laned for access to Bangladesh’s Chittagong international port, a MP from Tripura said. “Keeping provision for four lanes, the work for double-laning of the NH-44 would start from the next financial year. It […]

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