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    Shahidul becomes SJIBL AMD

    Business Desk | Updated at 11:08pm on June 22, 2017

    M Shahidul Islam joined Shahjalal Islami Bank as additional managing director on Tuesday, said a news release....

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    Stocks go into Eid holidays with 4-day rally

    Staff Correspondent | Updated at 10:55pm on June 22, 2017

    Dhaka stocks rallied for fourth day on Thursday, last trading session before 5-day break on the occasion of Eid-ul-Fitr and weekend, as investors continued with optimistic purchase amid hopes of review of the proposed budget....

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    Proposed uniform 15pc VAT may implement next year: Inu

    Staff Correspondent | Updated at 01:50pm on June 22, 2017

    Information minister Hasanul Haq Inu on Thursday said proposed uniform 15 per cent value added tax on all goods and services might...

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    Dhaka stocks advance for 3rd day before Eid closure

    Staff Correspondent | Updated at 11:57pm on June 21, 2017

    Dhaka stocks advanced for the third trading sessions on Wednesday amid an increased participation of investors on the trading floor as investors kept buying shares of large capitalised scrips especially financial shares as possibility of postponing the implementation of new VAT law increased...

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    Alliance Leasing gets BB nod

    Staff Correspondent | Updated at 11:54pm on June 21, 2017

    Bangladesh Bank has given licence to another non-bank financial institution namely Alliance Leasing and Finance Company Ltd. The BB issued a circular to managing directors and chief executive officers of all banks and NBFIs on June 20 saying that the central bank had given the licence to the NBFI under Financial Institution Act 1993...

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    NBR cuts rice import duty to 10pc

    Staff Correspondent | Updated at 11:52pm on June 21, 2017

    The National Board of Revenue on Wednesday issued a statutory regulatory order lowering the import duty on rice to 10 per cent from 28 per cent to rein in the soaring price of the staple...

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    Beef, broiler prices go up before Eid

    Staff Correspondent | Updated at 11:51pm on June 21, 2017

    The prices of broiler chicken and beef started to increase in the city’s kitchen markets with the approaching of Eid-ul-Fitr, one of the biggest religious festivals for the Muslims...

  • ADB to lend $300m for Ctg-Cox’s Bazar rail link

    Staff Correspondent | Updated at 11:45pm on June 21, 2017

    Asian Development Bank will provide $300 million in loan to Bangladesh for construction of a dual-gauge railway connecting Chittagong and Cox’s Bazar to promote trade and regional connectivity...

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    NBR prepares to retain existing VAT law

    Staff Correspondent | Updated at 11:44pm on June 21, 2017

    The National Board of Revenue has completed all necessary preparations to retain the existing value-added tax law amid the government’s decision to postpone the new VAT law, officials said...

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    Tk 4,327cr more written off

    AKM Zamir Uddin | Updated at 11:30pm on June 21, 2017

    Country’s banks wrote off afresh defaulted loans worth Tk 4,326.98 crore in 2016 as part of cleaning up their balance sheets...