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    ‘Crazy’ hike in Saudi visa fees could impact business ties

    Agence France-Presse . Riyadh | Updated at 12:14am on October 22, 2016

    A seven-fold hike in visa fees to do business in Saudi Arabia risks deterring the foreign investment needed to transform its oil-dependent economy, diplomats and other sources say...

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    BAT offers to buy US tobacco firm in $47b deal

    Reuters . London | Updated at 12:12am on October 22, 2016

    British American Tobacco has offered to buy US tobacco company Reynolds American Inc in a $47 billion deal that would bring together Newport, Kent and Pall Mall cigarettes in the world’s biggest listed tobacco company...

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    BSEC to refresh order to facilitate companies

    HM Murtuza | Updated at 12:12am on October 22, 2016

    The Bangladesh Securities and Exchange Commission has initiated a move to streamline a commission order as part of its decision to provide policy support to the private entities in investing in public private partnership projects...

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    Prices of vegetables, broiler go up

    Staff Correspondent | Updated at 11:49pm on October 21, 2016

    The prices of vegetables and broiler chickens increased in the city’s kitchen markets over the week ending Friday.Traders said that the prices of vegetables rose...

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    Defaulted loans in 9 new banks soar by 783pc to Tk 392cr in H1

    Staff Correspondent | Updated at 11:44pm on October 21, 2016

    Defaulted loans in nine newly-established banks increased by 782.74 per cent to Tk 392.29 crore in the first half of this calendar year as the banks disbursed loans aggressively violating the Bangladesh Bank rules and regulations, said officials of the central bank...

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    Unusual attraction to debutant Fortune sends stocks to red

    Staff Correspondent | Updated at 11:35pm on October 20, 2016

    Unusual trading of debutant Fortune Shoes shares, that rose 501 per cent, sent Dhaka stocks to negative zone on Thursday with decline in turnover.The key...

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    Security breach feared in 3.25m Indian debit cards

    Reuters . Mumbai | Updated at 11:33pm on October 20, 2016

    A slew of banks in India are replacing or asking their customers to change security codes of as many as 3.25 million debit cards due to fears that the card data may have been stolen in one of the country’s largest-ever cyber security incidents...

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    BB dissatisfied with health of SCBs

    Staff Correspondent | Updated at 11:29pm on October 20, 2016

    Bangladesh Bank on Thursday expressed its dissatisfaction over the performances of four state-owned commercial banks as the indicators related to their required capital, credit recovery from top 20 defaulters, overall defaulted loans and loss-making branches deteriorated significantly in recent times...

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    DCCI criticises India’s move to impose anti-dumping duty on jute

    Staff Correspondent | Updated at 11:28pm on October 20, 2016

    Dhaka Chamber of Commerce and Industry on Thursday expressed its concern over the proposed decision of Indian government to impose anti-dumping duty on jute and jute items imported from Bangladesh...

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    Slow pace of workers’ database creation to delay aid release

    Staff Correspondent | Updated at 11:25pm on October 20, 2016

    A slow pace of completing a database of workers in the readymade garment sector may cause delay in receiving financial assistance by the workers from the RMG sector central fund...