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    Govt, ILO, EU sign new skills dev scheme for workers

    Staff Correspondent | Updated at 02:32am on December 13, 2016

    Bangladesh government, International Labour Organisation and European Union on Monday signed a joint declaration of launching a project named ‘Skills 21’ with the aim of developing a skills training module of international standards in line with the demand of global labour market...

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    BTRC likely to launch QoS drive on telcos early next year

    Staff Correspondent | Updated at 02:30am on December 13, 2016

    The Bangladesh Telecommunication Regulatory Commission is planning to launch a drive against mobile phone operators’ quality of service early next year after the poor service quality issue came up in a recent public hearing...

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    BB asks 30 banks to reduce defaulted loans by Dec 31

    Staff Correspondent | Updated at 02:27am on December 13, 2016

    Bangladesh Bank has asked 30 scheduled banks to take initiative to reduce their defaulted loans by December 31 as their non-performing loans increased significantly in the third quarter (July-September) compared with that of the previous quarter...

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    Border haat tenure raised to 5 years

    Staff Correspondent | Updated at 02:25am on December 13, 2016

    The Cabinet on Monday approved the draft of the agreements for operation of haats on Bangladesh-India border by extending the tenure of such markets to five years from the existing three years...

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    Mandatory e-export process from Dec 26

    Jasim Uddin | Updated at 02:14am on December 13, 2016

    The National Board of Revenue is going to make the electronic export mechanism, also known as e-EXP, mandatory for all exporters from December...

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    China in battle over market economy status

    Agence France-Presse . Beijing | Updated at 10:52pm on December 11, 2016

    China’s battle for recognition as a market economy that would help it avoid penalties from key trade partners has been thwarted, as a key clause in Beijing’s deal to join the WTO expires Sunday...

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    Central banks taking ‘back seat’ in crisis response: BIS

    Agence France-Presse . Zurich | Updated at 10:51pm on December 11, 2016

    In the aftermath of this quarter’s market rattling events, such as Donald Trump’s election win, central banks ‘took a back seat’, the Bank of International Settlements said Sunday, describing the trend as ‘healthy’...

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    Dhaka stocks drop sharply on profit taking

    Staff Correspondent | Updated at 10:48pm on December 11, 2016

    Dhaka stocks declined on Sunday, the first trading session of the week, amid a decline in share prices of most of the traded scrips due to investors’ profit-taking sales following a four-day market surge in last week...

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    OPEC, non-OPEC agree 1st oil cut pact since 2001

    Reuters . Vienna | Updated at 10:46pm on December 11, 2016

    OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some countries...

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    Worker-owner dialogue must as mistrust exists: minister

    Staff Correspondent | Updated at 10:43pm on December 11, 2016

    State minister for labour Mujibul Haque has said mistrust is prevailing between workers and owners in the country’s industrial sector regarding rights and responsibility and to resolve the crisis it is essential to hold social dialogues...