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    Businesses want 7pc VAT rate when new law takes effect

    Staff Correspondent | Updated at 01:18am on January 18, 2017

    Two leading trade bodies of the country on Tuesday demanded that value-added tax rate be reduced to 7 per cent from the first day of implementation of the new VAT law to lessen tax burden on traders...

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    Stocks keep soaring as bank shares’ rally continues

    Staff Correspondent | Updated at 11:46pm on January 16, 2017

    Dhaka stocks advanced sharply on Monday, extending the market surge to sixth consecutive session, with the turnover on Dhaka Stock Exchange crossing Tk 1,800 crore mark amid investors’ heavy buying of banks’ shares...

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    Trade tensions, dollar danger cloud economic optimism in Davos

    Reuters . Davos, Switzerland | Updated at 11:43pm on January 16, 2017

    A trade war between the United States and China and a strengthening dollar are among the biggest threats to a brightening global economic outlook, according to leading economists at the World Economic Forum in Davos...

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    Telcos asked to submit call-drop lists

    United News of Bangladesh . Dhaka | Updated at 11:39pm on January 16, 2017

    State minister for posts and telecommunications Tarana Halim on Monday asked all the mobile phone operators to submit monthly call-drop lists to the BTRC to ensure compensation for the affected customers...

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    Citibank NA for easing business, investment regulations

    Staff Correspondent | Updated at 11:38pm on January 16, 2017

    The US-based Citibank NA on Monday said that easing business setup and investment regulations, and rapid execution of infrastructure projects would be driving factors for Bangladesh to increase economic growth to 8 per cent and attract expected level of foreign direct investment by 2020...

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    BSEC asks stakeholders to comply with rules amid stocks’ bull run

    Staff Correspondent | Updated at 11:36pm on January 16, 2017

    The Bangladesh Securities and Exchange Commission on Monday asked stakeholders of the capital market to strictly comply securities rules in trading shares with a view to maintaining present state of the capital market...

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    South Korea prosecutor seeks Samsung chief arrest for bribery

    Reuters . Seoul | Updated at 11:33pm on January 16, 2017

    South Korea’s special prosecutor on Monday sought a warrant to arrest the head of Samsung Group, the country’s largest conglomerate, accusing him of paying multi-million dollar bribes to a friend of president Park Geun-hye...

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    WB rejects request for $500m loan for BoP

    Staff Correspondent | Updated at 11:32pm on January 16, 2017

    The World Bank has rejected a request from government to provide $500 million concessional loan to support the country’s balance of payment against the backdrop of sharp decline in remittance flow...

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    NBR to make adding e-TINs to import bills mandatory

    Staff Correspondent | Updated at 11:26pm on January 16, 2017

    The National Board of Revenue is going to make mandatory incorporation of electronic taxpayer identification numbers in the bill of entry for importers to facilitate its income tax wing scrutinising import data for checking income tax evasion...

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    BB rejects IFIC’s plea to transfer $12m for Nepal bank investment

    AKM Zamir Uddin | Updated at 11:20pm on January 16, 2017

    Bangladesh Bank has rejected an IFIC Bank Ltd’s application for transferring capital worth $12.29 million or around Tk 98 crore to make further investment in Nepal-based Nepal Bangladesh Bank Limited...