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    Kathmandu, Dhaka ‘agree’ to set up 1,500MW hydropower plant in Nepal

    Staff Correspondent | Updated at 12:45am on October 17, 2016

    Bangladesh and Nepal have agreed to set up a hydropower plant in Nepal with a capacity of 1,500 megawatt, agreement for which would be signed soon, said commerce minister Tofail Ahmed on Sunday. ‘We have agreed to jointly produce hydropower in Nepal and to supply the electricity to Bangladesh,’...

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    BRICS dev bank to lend $2.5b next year

    Reuters. Goa | Updated at 12:42am on October 17, 2016

    The development bank set up by the BRICS group of emerging economies will ramp up lending to $2.5 billion next year after making its first loans to back green projects, its president KV Kamath told Reuters...

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    BB asks banks to install auto-lock in all branches

    Staff Correspondent | Updated at 12:39am on October 17, 2016

    Bangladesh Bank on Sunday asked scheduled banks to install auto-lock system at all of their branches to strengthen security. The BB issued a circular to managing directors and chief executive officers of all banks asking them to set up the auto-lock attaching with the auto-alarm system...

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    6 regulators to discuss Dhaka Mercantile Co-operative’s ‘illegal’ banking today

    AKM Zamir Uddin | Updated at 12:36am on October 17, 2016

    Six financial market regulators today will discuss how to stop ‘illegal’ banking activities of The Dhaka Mercantile Co-operative Bank Ltd which has no banking licence from Bangladesh Bank...

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    Fund mobilisation, efficiency in use should be priority for dev

    Staff Correspondent | Updated at 12:31am on October 17, 2016

    Mobilisation of public and private funds for development and raising efficiency in using the funds should be the priorities for the South Asian countries to achieve expected development goals, said economists and experts at a discussion on Sunday...

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    Utilities to be snapped at Hazaribagh if tanneries not relocated to Savar by Dec 30

    Staff Correspondent | Updated at 12:01pm on October 16, 2016

    The minister for industries, Amir Hossain Amu, on Sunday warned that the utility services of the tanneries in the capital’s Hazaribagh area would be...

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    Stocks end 4-week gain

    Staff Correspondent | Updated at 11:02pm on October 15, 2016

    Dhaka stocks declined last week, ending a four-week bull run, as investors booked profit and rebalanced their portfolios ahead of earnings declarations by listed companies...

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    Citycell wants more talks with BTRC as deadline looms

    Staff Correspondent | Updated at 10:58pm on October 15, 2016

    Mobile phone operator Citycell has requested the telecom regulator a meeting this week while the operator has a deadline to pay the first instalment of Tk 477 crore of its government dues...

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    Multi-billion-dollar investment of China to lift economy: businesses

    Moinul Haque | Updated at 10:55pm on October 15, 2016

    Business leaders on Saturday said the multi-billion-dollar Chinese investments pledged by a number of China companies during the visit of Chinese president Xi Jinping would put a significant positive impact...

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    President for stronger intra-regional economic cooperation

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 10:52pm on October 15, 2016

    President Abdul Hamid has underscored the need for taking more effective and coordinated steps for establishing a more dynamic and emerging South Asia, saying that there is unexploited potential to reap...