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This November 25 photo shows fire service men tried to extinguish the blaze at Tazreen Fashions Ltd at Nishchintapur on the capital’s outskirts Ashulia.  The garment factory in Bangladesh where a weekend fire killed at least 112 people had been making clothes for Wal-Mart without the giant US retailer’s knowledge, Wal-Mart said. Wal-Mart said the […]

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A Dhaka Court on Tuesday ordered the Anti-Corruption Commission to confiscate all the movable and immovable properties of Destiny Group. Destiny Group Chairman Mohammad Rafiqul Amin, his wife Farah Diba, Destiny 2000 Limited Chairman Mohammad Hossain and all the associate organisation of group including its Tree Plantation Project will come under the order. Judge Mohammad […]

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3 deals signed; recruitment to start next year Kuala Lumpur on Monday signed a memorandum of understanding (MoU) with Dhaka on recruitment of Bangladeshi workers to Malaysia lifting a nearly four-year ban on the manpower recruitment. The MoU was signed by Malaysian government’s Human Resource Minister Datuk Dr S Subramaniam and Bangladesh Expatriates’ Welfare and […]

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Clean sweep for govt-backed panel Standard Bank Ltd Chairman Kazi Akramuddin Ahmed-led panel recorded a landslide victory at the biennial election of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) early Sunday, grabbing 20 posts out of 30. The government-backed panel claimed 11 posts out of 15 from the chamber group and nine […]

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Police man the front of a Walmart store amid heightened security in Paramount, California, on Friday.Photo: AFPAfp, Secaucus, New Jersey Walmart workers hailed their wage protest Saturday, saying their walkout on ‘Black Friday’ had shown the world’s largest retailer their determination to fight against all odds. Hundreds of protesters targeted Walmart stores across the United […]

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Economists at a CPD discussion say political will is key to economic integration From right, Dilliraj Khanal, chairman of Institute for Policy Research and Development, Nepal; Prof Wahiduddin Mahmud, an economist; Rehman Sobhan, chairman of the Centre for Policy Dialogue (CPD); and Abdur Razzaque, food minister, attend a dialogue on “Value chains for inclusive development”, […]

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Kazi Akramuddin Ahmed’s panel is leading in the FBCCI polls winning 11 out of the 15 Director posts from the Chamber Group. FBCCI Election Board Chairman Ali Ashraf MP told bdnews24.com that Ahmed-led panel bagged 11 posts while his rival Annisul Huq-led panel got remaining four. According to FBCCI rules, 30 directors are elected through […]

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A voter casts her vote in the FBCCI election at the Federation Bhaban in the capital on Saturday. A supporter of Ganatantrik Parishad panel came under attack while going to cast his vote in the biennial election to the country’s apex trade body FBCCI in Motijheel Saturday afternoon. Meanwhile, the election board of Federation of […]

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The biennial election of the country’s apex trade body Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) will be held today amid tight security. This year, a total of 1,608 voters from the association group and 390 voters from the chamber group would cast their votes to elect 30 directors from both groups. A […]

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The amount rises by Tk 7,282cr during July-Sept Bad loans increased by Tk 7,282 crore or 1.58 percentage points in the third quarter this year as a significant amount of loans related to the recent incidents of scams was classified. The central bank is putting pressure on the banks to get the real picture of […]

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Ministries, divisions portray only successes in power generation, remittance and other areas The cabinet headed by Prime Minister Sheikh Hasina yesterday expressed satisfaction with annual reports of the ministries and divisions, which focused only on the success of the government. The reports drew attention to positive developments in 28 areas like power generation, inflow of […]

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The central bank will introduce the Real Time Gross Settlement (RTGS) in the financial services of commercial banks by 2014 to ensure smoother and quicker inter-bank clearing of payments, said Bangladesh Bank (BB) officials on Sunday. “We’re working to develop the swift finance service mechanism, and the RTGS will be introduced by 2014 to integrate […]

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