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    Dhaka stocks back to red on defaulted loans reports

    Staff Correspondent | Updated at 11:12pm on May 17, 2017

    Dhaka stocks on Wednesday went back to negative territory again as banking sector shares dropped on news reports about rising defaulted loans. DSEX, the key index of Dhaka Stock Exchange, declined 0.11 per cent or 6.01 points to finish at 5,429.66 points on Wednesday. The index gained 7.62 points on Tuesday amid bargain hunting after a seven-day bear run...

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    Sustainable apparel forum, denim expo begins in city

    Staff correspondent | Updated at 11:10pm on May 17, 2017

    The two-day ‘Sustainable Apparel Forum 2017’ and Denim Expo began at International Convention City Bashundhara in the capital on Wednesday. Commerce minister Tofail Ahmed inaugurated the apparel forum as chief guest while principal coordinator of sustainable development goals...

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    Six banks fail to keep provision

    AKM Zamir Uddin | Updated at 11:09pm on May 17, 2017

    The overall shortfall in provision against general and defaulted loans in the banking sector stood at Tk 5,232.26 crore as of March 31, 2017 with six banks failing to keep required provision during the period...

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    Land, infra shortages challenges for investment in B’desh: China envoy

    Staff Correspondent | Updated at 11:07pm on May 17, 2017

    Chinese ambassador in Dhaka Ma Mingqiang on Wednesday termed shortage of land, inadequate infrastructure and higher import duty on industrial raw materials the main barriers to enhanced investment in Bangladesh...

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    GDP growth to be stagnant without adequate investments in infra: experts

    Staff Correspondent | Updated at 11:05pm on May 17, 2017

    The country’s economic growth would become stagnant unless adequate investment was made to develop infrastructure, said experts at a discussion meeting on Wednesday...

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    VAT-free turnover limit to be Tk 36 lakh

    Staff Correspondent | Updated at 10:56pm on May 17, 2017

    The National Board of Revenue has finalised the VAT-free annual turnover limit for small-scale traders at Tk 36 lakh from next budget, amending the ceiling of Tk 30 lakh set in the new VAT Act, amid strong demand from businesses...

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    Stocks break 7-day losing spell

    Staff Correspondent | Updated at 11:24pm on May 16, 2017

    Dhaka stocks edged up on Tuesday after a seven-day fall as energy and bank shares gained amid investors’ bargain hunting. DSEX, the key index of Dhaka Stock Exchange, added 0.14 per cent, or 7.62 points, to finish at 5,435.68 points on Tuesday after losing 117 points in the previous seven sessions...

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    Sri Lanka gets EU GSP Plus

    Agence France-Presse . Colombo | Updated at 11:23pm on May 16, 2017

    Sri Lankan exporters will have their duty free access to the European Union reinstated from Friday, an official said Tuesday, despite Colombo’s failure to fully comply with its human rights obligations...

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    Ekhanei.com winds up operation

    Staff Correspondent | Updated at 11:21pm on May 16, 2017

    Telenor, the parent company of the county’s mobile phone operator Grameenphone, along with two other entities have jointly decided to close operation of an online classifieds advertisement site, Ekhanei, in Bangladesh...

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    Mohiuddin new president of FBCCI

    Staff Correspondent | Updated at 11:19pm on May 16, 2017

    Md Shafiul Islam Mohiuddin, the incumbent first vice-president of the Federation of Bangladesh Chambers of Commerce and Industry, on Tuesday was elected uncontested the president of the country’s apex trade body for the next 2017-19 term...