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    Banks cut rates further in Sept

    Staff Correspondent | Updated at 01:16am on November 05, 2016

    Country’s scheduled banks cut their rates of interest on lending further in September, for the 21th month in a row, against the backdrop of the businesses’ persistent reluctance to borrow from banks due to a sluggish business situation, said Bangladesh Bank officials...

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    India to keep wheat import tax at 10pc

    Reuters . New Delhi | Updated at 11:31pm on November 03, 2016

    India will keep its wheat import tax unchanged at 10 per cent and state-run traders will not import the grain for now, as the private trade is expected to buy up to 3 million tonnes this year, the highest in a decade, a senior government source said...

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    Dhaka stock rises for 3rd day on Muhith’s positive remarks

    Staff Correspondent | Updated at 11:31pm on November 03, 2016

    Dhaka stocks rose for the third trading session on Thursday following finance minister AMA Muhith’s ‘positive remarks’ about the capital market on Wednesday evening...

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    Leather export to earn $5b by 2021: Tofail

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 11:28pm on November 03, 2016

    Commerce minister Tofail Ahmed said the government has set $5 billion export target of leather and leather goods by 2021...

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    NBR nets in another Tk 227cr on 3rd day of tax fair

    Staff Correspondent | Updated at 11:27pm on November 03, 2016

    National Board of Revenue on Thursday received another Tk 227 crore in income tax at the week-long national tax fair taking the total earnings to Tk 952.20 crore in three days...

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    Lafarge Surma initiates talks for Holcim Bangladesh merger

    Staff Correspondent | Updated at 11:24pm on November 03, 2016

    Lafarge Surama Cement Limited (LSC), a listed company, on Thursday announced that it had started talks with LafargeHolcim Group for merger with one of its concerns Holcim Cement (Bangladesh)...

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    PPPA inks financing MoU with 14 banks, NBFIs

    Staff Correspondent | Updated at 11:22pm on November 03, 2016

    Finance minister Abul Maal Abdul Muhith on Thursday expressed hope that implementation of infrastructure projects under the public private partnership would get momentum after the launching of a PPP financing partnership programme with 14 financial institutions...

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    ICB Islamic gets 3 more years to repay Oriental depositors

    Staff Correspondent | Updated at 11:18pm on November 03, 2016

    Bangladesh Bank on Thursday extended again the deadline by another three years for repayment of the depositors’ money of the now-defunct Oriental Bank as its successor ICB Islamic Bank is struggling to repay the money in due time....

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    Banks should crack down on wilful defaulters: experts

    Staff Correspondent | Updated at 11:06pm on November 03, 2016

    The country’s scheduled banks should detect wilful loan defaulters for whom ensuring good governance in the banking sector has become a big challenge, experts and bankers said in Dhaka on Thursday...

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    Anti-tobacco leaders propose ejecting delegates with ties to industry

    Reuters | Updated at 04:20pm on November 03, 2016

    The World Health Organisation is about to get tough with the global tobacco industry...