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Country’s export earnings this October registered a moderate growth of 6.25 percent totaling US$ 2077.03 million against $ 1954.78 million fetched in October last year due to moderate performance of woven garment, and agricultural and leather products. The strategic target of export earnings for October this year was $ 2022.00 million. According to data released […]

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Mahakhali kitchen market on Thursday became the capital city’s third commercial centre pledging to prevent traders from selling formalin-tainted commodities. The market will now have a machine that can correctly detect formalin in commodities like fish, fruits and other foodstuff. Commerce Minister GM Quader handed the machine _ donated by Standard Bank _ to ASM […]

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The prime minister’s Health Adviser Modasser Ali on Wednesday admitted that he had visited the Hotel Ruposhi Bangla branch of Sonali Bank several times ‘mistakenly’. “On request of my relative in the bank I visited the bank several times. And my relative introduced me with Hall-Mark group MD Tanvir Mahnud Tanvir to blackmail me intentionally,” […]

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Prime Minister Sheikh Hasina on Wednesday stressed enhancing the volume of two-way trade with Laos by harnessing untapped resources of the both countries. “We’ve immense scope to increase our volume of trade by harnessing our untapped resources, and during our official talks, we’ve emphasised on finding ways and means for increasing our mutual flow of […]

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Syed Jamaluddin Discipline in the banking sector is apparently under strain. At the same time criminal activities in banks have increased. In the absence of good governance, many banks have indulged in irregular activities and corruption. Sensational stories are emerging from the banking sector. As a result, customers are losing confidence. As no firm action […]

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Bangladesh has dysfunctional politics and a stunted private sector. Yet it has been surprisingly good at improving the lives of its poor Villagers are doing it for themselves ON THE outskirts of the village of Shibaloy, just past the brick factory, the car slows to let a cow lumber out of its way. It is […]

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Abdur Rahim Harmachi Chief Economics Correspondent Dhaka, Nov 1 (bdnews24.com)—Expatriate Bangladeshis remitted $1.4536 billion back home in October, a record high for a month, according to Bangladesh Bank. The previous high was $1.22 billion in January. The latest amount pushed up the total remittance in the first four months (July-October) of the current fiscal to […]

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Tk 40,000 maximum cost for each worker; cabinet okays proposal for MoU The government has moved one step forward in sending workers to Malaysia under state arrangements that will cost job seekers a maximum of Tk 40,000 each to get a job in the country. Every six months, 50,000 workers will go to Malaysia under […]

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With sweat and smarts, Pakistan-born Shahid Khan built a $3.4 billion manufacturing juggernaut from the ruins of an Illinois auto parts maker. To celebrate, he just bought one of the worst teams in the NFL, with the pledge of a similar turnaround. Only in America, folks. Driving down a dusty back road in Danville, Ill., […]

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Tk 40,000 a worker

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Media told after discussion with Malaysian minister Bangladeshi workers will have to spend a maximum of Tk 40, 000 each for jobs in Malaysia that resumes recruitment under state arrangements in a few months, ending a nearly four-year ban. “This is an indicative cost that would not be more than Tk 30, 000 to 40,000,” […]

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State-owned Sonali Bank Limited on Thursday suspended 17 officials for their alleged links to the biggest financial forgery in recent times by Hallmark Group. The suspended officials include six officers of the Rupashi Bangla branch of Sonali Bank from which Hallmark Group siphoned off more than Tk 35 billion. They are senior officers Ujjal Kishore […]

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By: Rejaul Karim Byron The finance division has pointed out five major risks associated with Malaysia’s proposed financing for the Padma bridge project, and said those concerns must be addressed if the proposal is to be accepted, according to a finance ministry official. Though the deal has been described as a government-to-government agreement, the Memorandum […]

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