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F R Chowdhury 25th June every year is now being celebrated as a day of Seafarers. International sea borne trade has a tremendous contribution in the development of trade, commerce, agriculture, industry, tourism, education, culture, science and technology. As a matter of fact this world would not have been what it is today without shipping. […]

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By: Sohel Parvez The central bank has tightened rules for classifying and rescheduling loans in a bid to improve banks’ financial health and ensure better discipline in the sector. But bankers said the move will swell the amount of default loans at banks and hurt profitability. In line with the latest directive of the Bangladesh […]

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By: Mohd Jahangir Alam Amid recurring violence in the country’s fast-growing export-oriented readymade garment (RMG) industry, intelligence officials say that some vested quarters, both local and foreign, have long been involved in the dirty game. The intelligence officials have identified five broad categories of vested quarters as playing a role in destabilising the country’s highest […]

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Bangladesh e Erectile Dysfunction No More- Amazing Plan Of Sex Boosting Exercises conomy is likely to grow at 6.4 per cent rate in the upcoming fiscal year (2012-13), a World Bank (WB) report forecasted. Bangladesh’s gross domestic product (GDP) growth has declined to 6.3 per cent in the current fiscal (2011-12) due to political turmoil […]

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By: Rejaul Karim Byron The government has formed a high-powered committee to tackle a fund crisis in the power sector. The government has also decided to continue tax breaks for the power plants that will come into operation after 2013. The committee led by Finance Minister AMA Muhith will also examine various proposals of the […]

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Source: Outlook India Is it a house or a home? A temple to the new India, or a warehouse for its ghosts? Ever since Antilla arrived on Altamont Road in Mumbai, exuding mystery and quiet menace, things have not been the same. “Here we are,” the friend who took me there said, “Pay your respects […]

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By: Asif Showkat   A high-powered team of the Egmont Group of Financial Intelligence Units will visit Dhaka in September to examine the anti-money laundering activities of the government, official sources said. During the visit, concerned officials of various ministries and divisions will inform the team about Dhaka’s anti-money laundering (AML) activities, a senior finance […]

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By: Rejaul Karim Byron The net losses incurred by state enterprises doubled to Tk 16,880 crore in the current fiscal year compared to the previous year, mainly due to lower selling prices of fuel and electricity than their purchase prices. Of the 48 state enterprises, 36 made a profit of Tk 8,386 crore, while 12 […]

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Dhaka, Jun 10 (bdnews24.com) –Saudi multi-billionaire Prince Al-Waleed Bin Talal has shown interest to invest in Bangladesh’s power and tourism. In his brief visit to Bangladesh lasting five hours on Sunday, Prince Al-Waleed had a meeting with Prime Minister Sheikh Hasina on possibilities of investment and was given a rare state honour. The founder and […]

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By JULHAS ALAM Bangladesh said Thursday it anticipates 7.2 percent economic growth in the coming fiscal year from increased export earnings and more remittances from Bangladeshis abroad. Finance Minister A.M.A. Muhith unveiled the budget for 2012-13 in Parliament amid a boycott of the proceedings by the opposition, who accuse the government of repressing its leaders […]

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(Reuters) – Bangladesh’s exports fell for the third month in a row in May, government figures showed on Sunday, as the euro zone debt crisis continued to subdue the country’s economy. In May, exports plunged 4.17 percent from a year earlier to $2.199 billion, Export Promotion Bureau data showed. In April, exports fell 7.13 percent […]

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