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    FBCCI wants NPLs, capital flight curbed

    Staff Correspondent | Updated at 11:02pm on January 31, 2017

    The Federation of Bangladesh Chambers of Commerce and Industry on Tuesday demanded that Bangladesh Bank takes immediate step to reduce non-performing loans and curb money laundering to boost investment in the country...

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    Stocks slump continues on indiscriminate sales

    Staff Correspondent | Updated at 12:11am on January 31, 2017

    Dhaka stocks slumped for another trading session on Monday, extending the market’s free-fall to fourth consecutive session, as investors continued with panic-driven share sales following Bangladesh Bank’s warning of tighter market monitoring...

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    NRBs can open FC deposit accounts

    Staff Correspondent | Updated at 12:10am on January 31, 2017

    Bangladesh Bank on Monday said that Non-Resident Bangladeshis and persons of Bangladesh origin who have dual nationality and are residing abroad will be permitted to open Non-Resident Foreign Currency Deposit (NFCD) accounts with the banks...

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    BSEC to tighten monitoring of MFs’ investment in non-listed cos

    HM Murtuza | Updated at 12:05am on January 31, 2017

    The Bangladesh Securities and Exchange Commission has initiated a move to scrutinize all the mutual funds’ investments that they made in non-listed securities...

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    Govt widens scope of forming trade unions

    Staff Correspondent | Updated at 12:04am on January 31, 2017

    The government has allowed forming trade unions also in the city corporation areas by workers and owners of 15 industrial sectors under a group of establishments who were earlier permitted to constitute such forums only at upazila level...

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    BB cuts NBFIs’ borrowing limit from call money market

    Staff Correspondent | Updated at 12:03am on January 31, 2017

    Bangladesh Bank has lowered the borrowing limit of the non-bank financial institutions from the inter-bank call money market...

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    ‘Fake’ directors, Tk 701cr shady loans: scams galore in NRBC

    AKM Zamir Uddin | Updated at 11:45pm on January 30, 2017

    Bangladesh Bank has found that the board of directors of recently-established NRB Commercial Bank was engaged in massive irregularities — from forging signatures of directors to sanctioning Tk 701 crore in loans flouting rules and regulations...

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    More tech leaders sound alarm over Trump immigration order

    Business Desk | Updated at 10:59pm on January 29, 2017

    The US technology industry, a major employer of foreign workers, has hit back at president Donald Trump’s sudden executive order on immigration, with some leaders calling it immoral and un-American, reports Reuters...

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    MPS pro-pvt sector, but lacks direction: FBCCI

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 10:58pm on January 29, 2017

    Federation of Bangladesh Chambers of Commerce and Industry termed new monetary policy statement as pro-private sector but it lacks policy guideline on recovering non-performing loans and checking ‘black money’...

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    FICCI seeks scrapping of source tax on PF income

    Staff Correspondent | Updated at 10:54pm on January 29, 2017

    Foreign Investors’ Chamber of Commerce and Industry on Sunday urged the government for withdrawal of tax at source on income of provident fund, gratuity and workers’ profit fund...

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