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L-R: A man carries a solar panel to install it at a rural home. People install a solar panel, which is a great source of power in off-grid areas. Photo: Grameen ShaktiStar Business Desk Grameen Shakti (GS) has reached the landmark of the installation of one million solar home systems in the country’s rural areas […]

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A high-level meeting will be held on Sunday to decide the fate of pre-shipment inspection (PSI) as its timeframe expires at the end of this month. Chairman of the National Board of Revenue Md Ghulam Hussain called the meeting to discuss the matter with all the customs commissioners. Contacted, a customs commissioner said they will […]

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State-owned Biman Bangladesh Airlines has earned around Tk 1 billion as profit only from the Hajj flights this season. Civil Aviation and Tourism Minister Muhammad Faruk Khan disclosed the information on Saturday at a press conference at the Biman headquarters at the capital’s Kurmitola earlier in the day. He said the airliner has earned a […]

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Analysts at the roundtable say the service needs further promotion, coordination Participants take part in a roundtable on mobile financial services at The Daily Star Centre in Dhaka yesterday.Photo: STARStar Business Report Bangladesh can use mobile financial services not only to accelerate financial inclusion, but also to bring more than 85 percent unbanked population to […]

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Australian expert says Bangladesh should showcase its capabilities to the world Abdullah Mamun Bangladesh can become a significant part of the outsourcing industry expected to be worth $124 billion by 2016, said a foreign analyst in the ICT sector. Business process outsourcing (BPO) deals in 2010 were worth $45 billion, of which 46 percent were […]

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DCCI conference stresses efforts from all sectors Asif Ibrahim, second from right, outgoing president of Dhaka Chamber of Commerce and Industry (DCCI); speaks at the conclusion of a conference on “Positioning Bangladesh: branding for business” at Sonargaon Hotel in Dhaka yesterday. AKM Fahim Mashroor, president of BASIS; MA Sabur Khan, newly elected president of DCCI; […]

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A mobile court in Chittagong yesterday fined Lucky Enterprise and Bismillah Marine Store on Batali Road in Chittagong for refilling and selling fire extinguishers without proper approval. A mobile court in Chittagong yesterday fined two makers of fire extinguisher and equipment Tk 1.05 lakh each for refilling and selling the devices without getting proper approval […]

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Mozena advises Bangladesh to fix workplace safety problems to obtain duty-free privileges from US Star Business Report US Ambassador Dan Mozena yesterday advised Bangladesh to fix workplace safety and labour rights problems immediately — to obtain duty-free privileges from his country. The Tazreen fire that killed more than 100 workers was a call to action, […]

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The lender slaps new condition of ‘diagnostic exams’ in state banks Rejaul Karim Byron Bangladesh Bank has opened a probe into the whereabouts of the Sonali Bank money embezzled by Hall-Mark Group, on advice from the International Monetary Fund. The financial intelligence unit of the central bank will also see whether the amount has been […]

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Dhaka, Dec 3 (bdnews24.com)—The International Monetary Fund (IMF) has agreed to release the second tranche of the $1 billion in extended credit facility (ECF) to Bangladesh after long haggling. After meeting an IMF delegation on Monday, Finance Minister Abul Maal Abdul Muhith told reporters that Bangladesh will receive the second instalment worth $141 million in […]

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A fire officer advises workers on safety measures at a garment factory in Ashulia. Over the past two decades, Bangladesh’s merchandise exports in current US dollars surged from around $2 billion in FY1992 to $24 billion in FY2012, growing at a heady pace of 13 percent per year. This is a superb performance by most […]

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The High Court on Sunday ordered investigation into the alleged irregularities in loan disbursement by the state-owned Janata Bank. The bench of Justices Naima Haider and Muhammad Khurshid Alam directed the Finance Secretary to form the probe panel led by a former Bangladesh Bank Governor within seven days after a primary hearing on a writ […]

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