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    Govt moves to award more IGW licences in crowded market

    Staff Correspondent | Updated at 12:05am on September 20, 2018

    Bangladesh Telecommunication Regulatory Commission in a surprise move on Wednesday invited applications for awarding international gateway licence/s amid political pressure at the fag end of the Awami Leage-led government’s consecutive second term....

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    Import duty on raw materials for metal package cut

    Staff Correspondent | Updated at 12:05am on September 20, 2018

    National Board of Revenue has cut duty on import of raw materials for manufacturing of metal packages, like can and container, and tin-coated household products....

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    Intra-South Asia trade to triple to $67b if tariff barriers lifted: WB

    Staff Correspondent | Updated at 12:05am on September 20, 2018

    Intra-South Asia annual trade could increase threefold to $67 billion from the existing $23 billion if trade barriers including tariffs, para tariffs and trust deficit are eliminated, said a World Bank report....

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    Alibaba’s Ma says US-China trade friction could last 20yrs

    Reuters . Shanghai | Updated at 12:05am on September 20, 2018

    Alibaba chairman Jack Ma said on Tuesday that trade frictions between the United States and China could last for two decades and would be ‘a mess’ for all parties involved, citing weak trade rules....

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    Maldives’ Chinese debt, political risk could lead to ‘trouble’ in paradise

    Reuters . New Delhi | Updated at 12:05am on September 19, 2018

    A victory for president Abdulla Yameen in a Sunday election in the Maldives could ramp up pressure on its finances, as the government stays the course on a Chinese-backed infrastructure boom that is in danger of swamping the economy....

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    India’s struggle to defend rupee shifts focus to rate hikes

    Reuters . Mumbai | Updated at 12:05am on September 19, 2018

    Investors have increased bets that India’s central bank will need to raise interest rates at least two more times this year to shore up the battered rupee after authorities’ previous efforts to defend the currency failed to sway markets....

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    Pakistan’s new govt hikes taxes, cuts spending

    Reuters . Islamabad | Updated at 12:05am on September 19, 2018

    Pakistan’s new government announced cuts in planned development spending and a tax increase for higher earners on Tuesday, unveiling a mini-budget aimed at shoring up an economy in danger of needing another International Monetary Fund bailout....

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    Visa, Mastercard reach $6.2b settlement over card-swipe fees

    Reuters | Updated at 12:05am on September 19, 2018

    Visa Inc, Mastercard Inc, and a number of US banks on Tuesday agreed to pay $6.2 billion to settle a long-running lawsuit brought by merchants over the fees they pay when they accept card payments....

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    India rupee closes at new all-time low

    Reuters | Updated at 12:05am on September 19, 2018

    The rupee closed at a new all-time low against the US dollar on Tuesday, pressured by rising crude oil prices and intensifying US-China trade war tensions....

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    Stocks break 4-day losing streak on bargain hunting

    Staff Correspondent | Updated at 12:05am on September 19, 2018

    Dhaka stocks on Tuesday snapped a four-day losing spell as a section of investors went for bargain hunting, targeting especially financial shares after their recent losses....

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