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Commuters walk in front of the Bangladesh central bank building in Dhaka, Bangladesh, September 30, 2016. –Reuters photo Cyber security firm Kaspersky Lab on Monday said it had obtained digital evidence that bolsters suspicions by some researchers that North Korea was involved in last year’s $81 million cyber heist of the Bangladesh Bank’s account at […]

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The inward remittance decreased by $1.86 billion or 16.86 per cent in the July-March period of the current financial year 2016-17 compared with the corresponding period of FY16 as inflow dropped for the ninth month in a row this FY. The country received $9.19 billion in remittance in July-March of the current FY against $11.05 […]

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A file photo shows containers stacked in the Chittagong port. Exporters may face problems getting refund of customs duty paid during import of raw materials for manufacturing export goods after implementation of the new value-added tax law as the law has scrapped the existing office that conducts the function. — New Age photo Exporters may […]

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Durreen Shahnaz, a Bangladeshi and founder of Singapore-based impact enterprise Impact Investment Exchange (IIX) and IIX Foundation, has been selected as a 2017 Business for Peace Award honoree for her commitment to promoting an evolved form of capitalism that values both financial returns and positive social and environmental impact. Durreen is the third Bangladeshi to […]

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The visiting socialist members of the European Parliament have praised Bangladesh’s readymade garment industry’s progress in ensuring factory safety and said they would take back “very positive” notes to Brussels. Arne Lietz, Linda McAvan, Norbert Neuser and Agnes Jongerius met the press on Wednesday, concluding their three-day visit when they interacted with the Speaker of […]

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Banks are in a fix over loan recovery, with big defaulters failing to repay despite rescheduling. Officials said a large section of businesspersons, who have availed this concession, are not even bothering with repayments. They said other defaulters are now also asking for their loans to be rescheduled and around 80 businesspersons with default loans […]

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An internet file photo shows an aircraft of out-of-operation United Airways (BD) Limited standing on the tarmac at an airport. Out-of-operation United Airways (Bangladesh) Limited has approached scam-hit Agrani Bank for a loan worth around Tk 300 crore after receiving no response from most of the financial institutions to its Tk 225-crore bond offer. Out-of-operation United Airways […]

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Imported cars remain stuck in Mongla Port, awaiting customs formalities. The photo was taken recently SHARIFUL ISLAM The importance of Mongla Port will increase after implementation of Padma Bridge, Rampal Power Plant and other development projects Complex customs formalities prevent the government from obtaining Tk445.41 crore revenue from a total of 4,728 cars stuck in […]

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Bangladesh will be among the top three fastest growing economies by moving up to the 28th spot among the world’s most powerful economies by 2030. The economic output of Bangladesh could grow from $628 billion in 2016 to $1.3 trillion in 2030, according to an analysis from PricewaterhouseCoopers (PwC). The report ranked 32 countries by […]

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Wall Street Journal U.S. Preparing Cases Linking North Korea to Theft at N.Y. Fed Investigators build charges against Chinese middlemen for allegedly aiding 2016 cyberheist of $81 million from Bangladesh The New York Federal Reserve building in New York. Some foreign governments, central banks and other institutions keep money at the New York Fed, enabling […]

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The benchmark index of Dhaka Stock Exchange yesterday gained moderately driven by banking shares while turnover made a significant jump. The DSEX went up by 29 points to 5,725. The total turnover of the country’s main exchange surged 27 percent to Tk 1,263 crore from the previous day. Of the top 20 shares in terms […]

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Bangladesh Jute Mills Corporation (BJMC) has designed a Tk 568 crore plan to establish a composite jute textile plant to make fabrics, particularly denim. The denim fabrics will be made by mixing jute and cotton to meet the rising demand, both at the domestic and global markets. The state-run corporation said it has already received […]

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