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    Stocks drop for 6th day in panic-driven sell-offs

    Staff Correspondent | Updated at 01:30am on April 13, 2017

    Dhaka stocks declined on Wednesday, extending the market fall to sixth consecutive session, as investors continued to sell off shares in anticipation of further fall following the five-day market fall...

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    Both old, new BINs to remain valid till June 30

    Staff Correspondent | Updated at 01:28am on April 13, 2017

    Both old and new business identification numbers (BIN) will remain valid up to June 30 so that newly registered businesses can conduct their business activities smoothly...

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    No BB nod needed for foreign cos to issue taka bond

    Staff Correspondent | Updated at 01:27am on April 13, 2017

    Bangladesh Bank on Wednesday said foreign companies operating in Bangladesh would be allowed to collect long-term fund from local banks, corporate groups, non-bank financial institutions and individuals by issuing taka bond without taking prior approval from the central bank...

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    BTRC lowers MNP service licence fee to Tk 10 crore

    HM Murtuza | Updated at 01:25am on April 13, 2017

    Bangladesh Telecommunication Regulatory Commission has reset mobile number portability service license acquisition fee at Tk 10 crore as the license would be awarded through ‘beauty contest’ process instead of auction...

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    NRBC Bank chair, MD need to respond to BB notices over scams

    Staff Correspondent | Updated at 01:23am on April 13, 2017

    The Appellate Division on Wednesday dismissed the High Court’s ruling that had asked Bangladesh Bank not to disturb scam-hit NRB Commercial Bank’s chairman Farasth Ali and its managing director Dewan Mujibur Rahman and to maintain status quo over discharging their functions for three months...

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    IDB to sell off majority of its stakes in Islami Bank

    Staff Correspondent | Updated at 12:58am on April 13, 2017

    The Islamic Development Bank has taken a decision to sell off majority of its stake in Islami Bank Bangladesh Ltd at market price through stock exchange...

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    Dhaka stocks drop for 5th day

    Staff Correspondent | Updated at 02:13am on April 12, 2017

    Dhaka stocks declined for the fifth trading session on Tuesday due to many investors’ jitteriness regarding the market prospect in the context of prime minister Sheikh Hasina’s India visit....

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    EPZ, EZ cos must repatriate earnings to B’desh within 4 months

    Staff Correspondent | Updated at 02:11am on April 12, 2017

    Bangladesh Bank on Tuesday said the industries located in the country’s export processing and economic zones would also have to repatriate to the country their earnings from their exports through land routes within four months of shipment....

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    IMF, WTO, OECD vow to defend free trade against protectionism

    Agence France-Presse . Berlin | Updated at 02:10am on April 12, 2017

    The chiefs of the IMF, WTO and OECD vowed Monday in a joint statement to defend free trade against creeping protectionist trends, amid growing global alarm over US President Donald Trump’s ‘America First’ call....

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    Mobile banking main reason for remittance fall: BB probe

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 02:09am on April 12, 2017

    Bangladesh Bank (BB) investigation teams have identified informal channels, including mobile banking, as the major reasons for downward trend in country’s remittance inflow....