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    BPC moves to import diesel from India at high premium

    Staff Correspondent | Updated at 10:17pm on August 22, 2017

    Energy division has sought approval from the cabinet committee on national purchase to import 22,000 tonnes of diesel from Shiliguri in India at more than double premium over the recent rate in international market...

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    Stocks rebound amid bargain hunting of bank shares

    Staff Correspondent | Updated at 11:12pm on August 21, 2017

    Dhaka stocks rebounded on Monday after decline in share prices in last three trading sessions mainly due to investors’ bargain hunting move, especially for those of banks shares...

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    Sacked employees confine 3 top officials of Ericsson Bangladesh

    Staff Correspondent | Updated at 11:10pm on August 21, 2017

    Employees of LM Ericsson Bangladesh on Monday confined three top officials of the company in their office for sacking some 50 employs without any prior notice...

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    Bangladesh up by 28 positions in anti-money laundering index

    Staff Correspondent | Updated at 11:09pm on August 21, 2017

    Bangladesh has advanced by 28 notches in an international anti-money laundering index as it made progress in combating money laundering and terror financing, said a Bangladesh Bank press release...

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    Cabinet gives nod to ratifying global solar alliance framework deal

    Staff Correspondent | Updated at 11:07pm on August 21, 2017

    The cabinet on Monday decided to ratify a framework agreement to become a member of the International Solar Alliance that aims at efficient exploitation of solar energy to reduce dependence on fossil fuels..

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    BBS Cables’ share price on electric surge as regulators sit idle

    Staff Correspondent | Updated at 11:04pm on August 21, 2017

    Surge in the share prices of BBS Cables Ltd that made its debut on the Dhaka and Chittagong stock exchanges on July 31 has become unstoppable as the scrip soared by 66.30 per cent in last twelve trading sessions after registering a whopping 800 per cent gain on its first trading day...

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    Muhith asks NBR for scrapping truncated VAT rates in phases

    Jasim Uddin | Updated at 10:44pm on August 21, 2017

    Finance minister Abul Maal Abdul Muhith has instructed the National Board of Revenue for scrapping the truncated or reduced value-added tax rates for service sectors gradually within next two fiscal years...

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    Dhaka stocks fall for 3rd day amid pre-Eid sales

    Staff Correspondent | Updated at 11:01pm on August 20, 2017

    Dhaka stocks declined for the third consecutive session on Sunday, the first trading session of the week, with decline in turnover as investors continued with profit booking ahead of Eid-ul-Azha and ongoing floods across the country...

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    Provision against credit card loans cut to 2pc

    Staff Correspondent | Updated at 11:00pm on August 20, 2017

    Bangladesh Bank on Sunday lowered provision requirement against loans banks disburse through credit cards to 2 per cent from 5 per cent to fulfil a demand put forward by the Association of Bankers, Bangladesh, a platform of top executives of the country’s commercial banks...

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    Six banks’ provision shortfall rises to Tk 8,534cr

    AKM Zamir Uddin | Updated at 10:53pm on August 20, 2017

    Provision shortfall in six commercial banks increased further by 18.47 per cent to Tk 8,534.08 crore in the second quarter (April-June) from Tk 7,203.34 crore in the first quarter of this year, according to the latest Bangladesh Bank data...