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    Robi counts Tk 390cr loss in 2016

    Staff Correspondent | Updated at 11:27pm on February 23, 2017

    Mobile operator Robi incurred a loss of about Tk 390 crore in 2016 amid its merger with another operator Airtel. According to the data released by Axiata Group, the parent company of Robi which is now the second largest operator in Bangladesh after having merged with Airtel, suffered a loss of 205.6 million Malaysian ringit in 2016...

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    NBR allows duty-free import of $10m in cash

    Staff Correspondent | Updated at 11:24pm on February 23, 2017

    The National Board of Revenue has granted permission to Bangladesh Bank for duty-free import of $10 million dollar in cash through Standard Chartered Bank...

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    Gas prices go up amid protests

    Staff Correspondent | Updated at 12:00am on February 24, 2017

    The government on Thursday increased the prices of natural gas by 22.7 per cent on an average across the board in two phases with effect from next month amid protests. The protesters said that almost all sectors of the economy – households to industries, power generation to tea plantation and commercial activities to transport sector – would need to bear the enhanced price hike....

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    WTO ratifies 1st multilateral deal

    Agence France-Presse . Geneva | Updated at 10:16pm on February 22, 2017

    The first multilateral deal agreed at the World Trade Organisation came into force Wednesday, a step billed as a milestone for the body facing unprecedented threats from a hostile US administration...

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    Stocks rise for second day as energy shares surge

    Staff correspondent | Updated at 10:16pm on February 22, 2017

    Dhaka stocks increased for the second trading session on Wednesday mainly due to rise in share prices of large capitalised scrips, especially those of energy shares...

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    Traders continue to sell meat at exorbitant prices

    Mostafizur Rahman | Updated at 10:14pm on February 22, 2017

    Traders continue to sell meat — beef and mutton— at exorbitant prices four days after the end of their six-day strike that was called in protest against extortion at Gabtoli cattle market...

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    MCCI for govt measures for manufacturing, agri growth

    Staff Correspondent | Updated at 10:12pm on February 22, 2017

    Metropolitan Chamber of Commerce and Industry on Wednesday said that the government would need to adopt suitable measures to remove existing bottlenecks, including shortage of infrastructure and energy, to support the growth of the two important sectors—agriculture and manufacturing...

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    BTRC accuses Robi of merger condition non-compliance

    Staff Correspondent | Updated at 10:09pm on February 22, 2017

    The Bangladesh Telecommunication Regulatory Commission has accused mobile operator Robi of non-compliance of a number of conditions, including non-payment of around Tk 109-crore dues billed for its merger with Airtel...

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    China defence industry firm buying Chevron B’desh assets

    Reuters . Beijing/Dhaka | Updated at 10:06pm on February 22, 2017

    China’s state-run Zhenhua Oil has signed a preliminary deal with Chevron to buy the US oil major’s natural gas fields in Bangladesh that are worth about $2 billion, two Beijing-based Chinese oil executives said...

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    Cooperatives want BB nod to disburse agri, SME loans

    Staff Correspondent | Updated at 10:03pm on February 22, 2017

    The cooperative societies have sought permission to disburse farm and SME loans through participation agreements with scheduled banks as they are now facing huge liquidity crisis...