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The International Monetary Fund (IMF) has sounded apprehension that the escalating violence in domestic politics and lack of fiscal restraint in an election year may create greater vulnerabilities to the national economy, IMF country report-2013 on Bangladesh published on Tuesday said. It feared in the report that domestic tension coupled with threats to production setback, […]

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The Privatisation Commission is going to propose sale of two state-owned textile mills at prices half their asset value. Chairman Mirza Abdul Jalil on Tuesday said the proposals to sell off Magura Textiles Mills Limited and Rangamati Textile Mills Limited would be placed on Wednesday at a meeting of the Cabinet Committee on Economic Affairs. […]

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Claims have emerged that asparagus has potential to become an export item for Bangladesh. Horticultural exports at Sher-e-Bangla Agricultural University, carried out experimental production of asparagus two years ago and it is said this has met with success. “We brought asparagus seed from Japan and planted it in the university’s research field. Now new spores […]

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Dhaka, Mar 10: The biennial election of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the apex body of the country’s apparel sector, was held peacefully on Sunday. Voters exercised their franchise almost in a festive mood from 8 am and continued until 5 pm to elect the directors of the apex body for the next […]

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The Indian government in its latest budget has proposed imposition of 15.36 per cent duty including 12.36 per cent countervailing duty (CVD) and 3.0 per cent additional cess on the import of readymade garments (RMG) from Bangladesh. The proposal has reportedly been made against the backdrop of growing pressure from the Indian textile lobby that […]

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Bangladesh is the ‘single most’ important geographic business location in the world, but to exploit its full potential, the country needs political stability, Ambassador of the Royal Danish Embassy to Dhaka Svend Olling has said. “If you open the map of the world, your finger will go straight to Bangladesh because of the position of […]

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Top trade body offers to end confrontational politics   Concerned about the current political situation, the business community will take the initiative to hold dialogues between the government and the main opposition BNP. The decision came from a meeting of the country’s apex trade body, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), […]

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FE Report The achievement of targeted economic growth will not be possible without further development of the power, energy and communication infrastructure, the central bank said in its latest annual report for the fiscal year (FY) 2011-12, released on Thursday. “Attainment of the expected gross domestic product (GDP) growth in the fiscal year (FY) 2012-13 […]

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Asit Ranjan Mishra   &  Elizabeth Roche New Delhi: Bangladesh has replaced Sri Lanka as India’s largest subcontinental trading partner, with tariff issues and New Delhi’s growing tensions with its southern island nation hurting the commercial relationship between the two countries. Meanwhile, India’s better ties with Bangladesh have seen an increase in agricultural exports to […]

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Yasir Wardad and Shah Alam Nur Export of readymade garments (RMG) to India would face a major setback as the big neighbour’s parliament slapped nearly 16 per cent countervailing duty (CVD) on import of the products from Bangladesh, RMG sector insiders said. The Indian measure came when the RMG exporters in Bangladesh starting viewing the neighbouring […]

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DHAKA, MAR 6: Bangladesh said on Tuesday it will not suspend Norwegian mobile telephone firm Telenor’s operations in the country even though a government commission had said its license should be suspended immediately. The commission, set up last year, concluded in a preliminary report last month that the original licensing agreement in 1996, which created […]

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Bangladesh has rejected India’s request to notify it as a country from where it imports cotton yarn as input for textile products it exports to the European Union (EU). “Bangladesh has not accepted India’s request,” Minister of State for Commerce and Industry D Purandeswari told the Lok Sabha in a written reply on March 4. […]

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