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    Govt devising time-bound action plan on Compact demand

    Moinul Haque | Updated at 11:28pm on May 25, 2017

    The government has taken an initiative to devise a time-bound action plan for making changes to the Bangladesh EPZ Labour Law and the Bangladesh Labour Act to allow freedom of association and to simplify the process of trade union registration as per the requirements of the third review meeting of the Sustainability Compact that was held in Dhaka on May 18...

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    Ahsanul Alam, Mabud resign from IBBL board

    Staff Correspondent | Updated at 11:20pm on May 25, 2017

    The recently removed vice-chairman of Islami Bank Banladesh Ltd, Syed Ahsanul Alam, and risk management committee chairman Abdul Mabud on Thursday resigned as independent directors of the bank following internal conflicts in the bank’s board...

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    Govt likely to backtrack on SD withdrawal decision in new law

    Staff Correspondent | Updated at 11:19pm on May 25, 2017

    The government is likely to backtrack on its plan to withdraw the import-stage supplementary duty imposed on around 1,192 products amid strong oppositions from the domestic producers on grounds of local industry protection...

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    Nokia launches new smartphone range for Bangladesh market

    Staff Correspondent | Updated at 11:25pm on May 24, 2017

    HMD Global, a Finnish company which is a licensee of the Nokia phones, announced on Wednesday its first Nokia smartphone range which will be available for purchase exclusively in Bangladesh from June...

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    Drives against gold smuggling should be NBR routine work: Razzaque

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

    The chairman of parliamentary standing committee on finance ministry, Abdur Razzaque, on Wednesday said that drives by customs intelligence at jewellery shops to seize smuggled gold and prevent smuggling should be a routine work, not an occasional one like the drive at Apan Jewelers...

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    IDB completes sell-off of 8.69cr IBBL shares with S Alam Group leading buyer

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

    The Islamic Development Bank, one of the sponsor-directors of Islami Bank Bangladesh Ltd, has completed sales of its 8.69 crore shares in IBBL through the Chittagong Stock Exchange, officials of the bourse said...

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    SREDA clears Tk 379cr soft loan for 4 pvt cos for energy efficiency dev

    Staff Correspondent | Updated at 11:14pm on May 24, 2017

    Sustainable and Renewable Energy Development Authority on Wednesday issued no objection certificates for providing a total of Tk 379 crore in soft loan to four private companies to help building energy efficient industrial units...

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    Stocks rise for 3rd day on VAT rate cut reports

    Staff Correspondent | Updated at 11:13pm on May 24, 2017

    Dhaka stocks advanced on Wednesday for the third day as investors were optimistic at the hints of value-added-tax rate reduction and interest rate cut on national saving tools...

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    RCBC pays $21m fine to PH central bank

    Staff Correspondent | Updated at 11:12pm on May 24, 2017

    The central bank of the Philippines received around $10.50 million in fine more from the scam-hit Rizal Commercial Banking Corporation for its involvement in the $81-million money heist of Bangladesh Bank...

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    Imports rise by 17.43pc in April on Ramadan commodities

    Staff Correspondent | Updated at 11:10pm on May 24, 2017

    Import payments in April increased by 17.43 per cent year-on-year due to a rise in payment of bills for food products imported to meet the demand for the items in the upcoming Ramadan, the fasting month for the Muslims...