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    Dhaka stocks post strong gain as turnover races past Tk 1,000cr

    Staff Correspondent | Updated at 01:58am on December 15, 2016

    Dhaka stocks advanced for the second trading session on Wednesday with turnover crossing Tk 1,000 crore as investors continued with optimistic purchasing...

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    HSBC recognises ‘good borrowers’ with interest rebate

    Staff Correspondent | Updated at 01:56am on December 15, 2016

    The Hongkong and Shanghai Banking Corporation Ltd in Bangladesh has started recognising its ‘good borrowers’ for the year 2015 by giving them 10 per cent rebate on realised interest, the bank announced on Wednesday...

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    UNGA grants observer status to ICC

    Business Desk | Updated at 01:54am on December 15, 2016

    The United Nations General Assembly on Tuesday granted Observer Status to the International Chamber of Commerce—business organisation representing more than six million members in over 100 countries, said a news release...

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    Govt to resume divestment of state-owned cos: Muhith

    Staff Correspondent | Updated at 01:52am on December 15, 2016

    Finance minister AMA Muhith on Wednesday said the government would resume stalled divestment process of the state-owned companies’ shares in the stock markets soon...

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    Cottage industry exempted from mandatory VAT registration

    Staff Correspondent | Updated at 01:51am on December 15, 2016

    Cottage industries located in the Dhaka and Chittagong City Corporation areas will continue to enjoy exemption from paying value-added tax and obtaining mandatory business identification numbers, said the National Board of Revenue...

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    Payment of VAT, SD: Govt to lend Tk 1,000cr to Petrobangla

    Manjurul Ahsan | Updated at 01:49am on December 15, 2016

    The government has decided to provide state-run Petrobangla with Tk 1,000 crore in credit to enable it to pay a part of outstanding amount in value-added tax and supplementary duty to the National Board of Revenue...

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    11 GP sponsorships breach internal guidelines: Telenor

    Staff Correspondent | Updated at 01:43am on December 15, 2016

    The country’s leading mobile phone company Grameenphone has violated internal guidelines set by its parent company Telenor in awarding 11 sponsorships to public entities and others during 2013 to 2016, said Norway-based Telenor...

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    SWIFT confirms new cyber thefts, hacking tactics

    Reuters | Updated at 11:27am on December 13, 2016

    Cyber attacks targeting the global bank transfer system have succeeded in stealing funds since February’s heist of $81 million from the Bangladesh central bank...

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    Coca-Cola’s Kinley hits B’desh drinking water market

    Staff Correspondent | Updated at 02:37am on December 13, 2016

    US-based Coca-Cola, a multinational soft drinks maker, on Monday launched Kinley, its packaged drinking water brand, in Bangladesh...

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    Dhaka stocks rebound in volatile trading

    Staff Correspondent | Updated at 02:36am on December 13, 2016

    Dhaka stocks returned to the positive zone in volatile trading on Monday as investors were sceptical about the market direction in early trading but regained some confidence in late hours....