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    Trade gap soars to $17b, current account deficit $9b in 11 months

    Staff Correspondent | Updated at 10:44pm on July 10, 2018

    Country’s trade deficit soared by 84 per cent to $17.2 billion in the July-May period of the just concluded fiscal year (2017-2018) as import payments surged past $50 billion in the 11 months....

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    Qubee plans countrywide LTE launch

    Staff Correspondent | Updated at 12:05am on July 10, 2018

    Qubee, a WiMax internet service provider, on Monday announced that the operator would launch LTE or 4G services across the country. The brand of Augere Wireless Broadband Bangladesh Limited launched the services in two districts after five years of receiving licence...

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    Dhaka stocks drop amid bank sector concerns

    Staff Correspondent | Updated at 12:05am on July 10, 2018

    Dhaka stocks declined on Monday after a flat ending in the previous session amid investors’ concern over the banking sector woes following media reports that reduced lending and deposit rates were affecting the sector....

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    BTRC warns illegal ISPs of punishment

    Staff Correspondent | Updated at 12:05am on July 10, 2018

    Bangladesh Telecommunication Regulatory Commission has warned that illegal internet service providers would face punitive measures and asked the entities to refrain from conducting such activities....

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    DIFE proposes organogram for industrial safety unit

    Staff Correspondent | Updated at 12:05am on July 10, 2018

    The Department of Inspection for Factories and Establishments has proposed an organogram involving 123-strong manpower and eight divisional offices for the planned industrial safety unit which will a permanent body tasked with monitoring industrial safety....

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    Govt scraps VAT exemption on int’l flights’ airport charges

    Jasim Uddin | Updated at 12:05am on July 10, 2018

    The government has withdrawn value-added tax exemption three weeks after offering the benefit on port services for operating international flights as the benefit was given based on ‘misleading’ information provided by the International Air Transport Association....

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    Stocks finish flat amid short-term profit booking

    Staff Correspondent | Updated at 12:05am on July 09, 2018

    Dhaka stocks finished flat on Sunday, the first trading session of the week, due mainly to profit-taking selling by a section of inventors after a two-day rise....

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    Banks’ mgmt in dilemma over lending rate cut implementation

    HM Murtuza | Updated at 12:05am on July 09, 2018

    Management at most of the banks are in dilemma about how to implement the bank owners’ decision to cut lending rate to single digit (9 per cent) keeping the deposit rate at 6 per cent as they fear the hurriedly taken move would put the financial health of the embattled banks at further disarray....

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    Parties seek more time to finalise proposals

    Staff Correspondent | Updated at 12:05am on July 09, 2018

    Both factory owners and workers’ representatives to the readymade garment sector minimum wage board on Sunday failed to submit their wage proposals in the second meeting of the board and sought more time to finalise the proposals....

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    Salaried persons with doubtful bank balance to face NBR audit

    Jasim Uddin | Updated at 12:05am on July 09, 2018

    Salaried persons will face audit if income tax officials find inconsistency between the income shown by taxpayers and the fund credited to their bank accounts....

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