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    Few celebrations as 10th anniv of global crisis nears

    Reuters . London | Updated at 11:06pm on May 20, 2017

    In May 2007, Ben Bernanke, then chair of the Federal Reserve, said the problems in the US subprime mortgage market probably would not hurt the economy or the banking system...

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    NBR firm on single VAT rate

    Staff Correspondent | Updated at 11:03pm on May 20, 2017

    The National Board of Revenue on Saturday said it still preferred a single and uniform rate of value-added tax in the new VAT act claiming that deriving the real benefits from the VAT system was very difficult under a multiple VAT rate system....

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    IBBL vice-chair, 6 directors threaten to `resign’

    Staff Correspondent | Updated at 10:54pm on May 20, 2017

    Seven directors including the vice-chairman of the embattled board of directors of Islami Bank Bangladesh Limited on Saturday warned that many of the directors of the bank would `resign willingly’ if any of them was forced to resign...

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    BSEC seeks grant from stakeholders

    Staff Correspondent | Updated at 10:39pm on May 19, 2017

    Bangladesh Securities and Exchange Commission has asked almost all the capital market stakeholders including listed companies and mutual funds to deposit money to ‘Investment Education Fund’ in the form of grant for the nationwide financial literacy programme that will be carried out by the commission...

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    Commodity prices remain high

    Staff Correspondent | Updated at 10:38pm on May 19, 2017

    Prices of most or the essential commodities including rice, sugar, salt and vegetables remained high in the city’s kitchen markets over the week ending Friday...

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    Defaulted loans in new 9 banks surge by 86pc

    AKM Zamir Uddin | Updated at 10:23pm on May 19, 2017

    The amount of defaulted loans in nine newly established banks increased by 86.18 per cent to Tk 509.10 crore in the first three months (January-March) of this year...

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    Stocks keep falling on concerns over rising defaulted loans

    Staff Correspondent | Updated at 10:06pm on May 18, 2017

    Dhaka stocks declined for the second trading session on Thursday amid investors’ deteriorating confidence over the market amid growing defaulted loans in banks....

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    Star consortium, China’s KISC to build steel manufacturing plant: BIDA

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 10:01pm on May 18, 2017

    Star Infrastructure Development Consortium Limited (Star Consortium) and Kunming Iron and Steel Company Limited will jointly set up a steel plant with an annual production capacity of two million tonnes in Mirsarai economic zone of Chittagong...

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    EU fines FB 110m euros over WhatsApp deal

    Business Desk | Updated at 09:59pm on May 18, 2017

    European Union antitrust regulators fined Facebook 110 million euros ($122 million) on Thursday for giving misleading information during a vetting of its deal to acquire messaging service WhatsApp in 2014, reports Reuters...

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    IBBL internal conflicts deepen as chairman bashes vice-chairman

    Staff Correspondent | Updated at 09:57pm on May 18, 2017

    Internal conflicts within the newly restructured Islami Bank Bangladesh Ltd’s board deepened as its chairman Arastoo Khan on Thursday alleged that IBBL vice-chairman Syed Ahsanul Alam Parvez frequently made false statements to the media against the bank...