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    Defaulted loans in 9 new banks soar by 783pc to Tk 392cr in H1

    Staff Correspondent | Updated at 11:44pm on October 21, 2016

    Defaulted loans in nine newly-established banks increased by 782.74 per cent to Tk 392.29 crore in the first half of this calendar year as the banks disbursed loans aggressively violating the Bangladesh Bank rules and regulations, said officials of the central bank...

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    Unusual attraction to debutant Fortune sends stocks to red

    Staff Correspondent | Updated at 11:35pm on October 20, 2016

    Unusual trading of debutant Fortune Shoes shares, that rose 501 per cent, sent Dhaka stocks to negative zone on Thursday with decline in turnover.The key...

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    Security breach feared in 3.25m Indian debit cards

    Reuters . Mumbai | Updated at 11:33pm on October 20, 2016

    A slew of banks in India are replacing or asking their customers to change security codes of as many as 3.25 million debit cards due to fears that the card data may have been stolen in one of the country’s largest-ever cyber security incidents...

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    BB dissatisfied with health of SCBs

    Staff Correspondent | Updated at 11:29pm on October 20, 2016

    Bangladesh Bank on Thursday expressed its dissatisfaction over the performances of four state-owned commercial banks as the indicators related to their required capital, credit recovery from top 20 defaulters, overall defaulted loans and loss-making branches deteriorated significantly in recent times...

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    DCCI criticises India’s move to impose anti-dumping duty on jute

    Staff Correspondent | Updated at 11:28pm on October 20, 2016

    Dhaka Chamber of Commerce and Industry on Thursday expressed its concern over the proposed decision of Indian government to impose anti-dumping duty on jute and jute items imported from Bangladesh...

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    Slow pace of workers’ database creation to delay aid release

    Staff Correspondent | Updated at 11:25pm on October 20, 2016

    A slow pace of completing a database of workers in the readymade garment sector may cause delay in receiving financial assistance by the workers from the RMG sector central fund...

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    Bangladesh draws Saudi investment for cement, power plants

    Bangladesh Sangbad Sangstha | Updated at 04:32pm on October 20, 2016

    Leading Saudi enterprise Al Rajhi Company for Industry and Trade today inked a deal with state-run Bangladesh Chemical Industries Corporation for installing cement, paper and power plants...

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    WB president visits bKash office

    Business Desk | Updated at 11:39pm on October 19, 2016

    The World Bank Group president Jim Yong Kim visited bKash head office on Monday, said a news release. Kim had an engaged discussion understanding how bKash contributes in digitalising Bangladesh’s economy and impacts the development of the country..

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    BTRC to propose cost modelling for MFS

    Staff Correspondent | Updated at 11:38pm on October 19, 2016

    The telecom regulator has decided to send a proposal to Bangladesh Bank for working out a cost model to determine the pricing of mobile financial services as the MFS operators and mobile phone companies are in a dispute over the issue...

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    Short-term profit booking pulls Dhaka stocks down

    Staff Correspondent | Updated at 11:37pm on October 19, 2016

    Dhaka stocks returned to negative on Wednesday after increase in the previous trading session as almost all the sectors, except banks, faced short-term profit booking share sales...