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    Hackers steal $31.3m from Russian central bank

    Business Desk | Updated at 11:03pm on December 03, 2016

    Hackers stole 2 billion rubles ($31.3 million) from correspondent bank accounts at Russia’s central bank, a spokeswoman at the central bank confirmed Friday, adding that the country was devising new measures to be prepared for further attacks, Wall Street Journal...

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    Nine top VAT payers to get NBR award

    Staff Correspondent | Updated at 10:53pm on December 03, 2016

    The National Board of Revenue is going to honour top nine VAT payers at the national level for their outstanding contribution to the value-added tax payment to the government exchequer for the fiscal year of 2014-2015...

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    Most entrepreneurs do not follow corporate governance guidelines

    Staff Correspondent | Updated at 10:47pm on December 03, 2016

    Most of the entrepreneurs of the country do not follow corporate governance guidelines properly in fear of losing their control over their businesses, speakers said in a discussion on Saturday....

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    Muhith for collecting outstanding VAT on passport fees with ticket fare

    Jasim Uddin | Updated at 10:33pm on December 03, 2016

    Finance minister Abul Maal Abdul Muhith has asked the National Board of Revenue to examine the possibility of collecting the outstanding VAT on passport fees by adding the amount to ticket fare against the passports issued and renewed between June 2010 and December 2014...

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    10 RMG exporters in trouble as French retailer not paying $5m

    Staff Correspondent | Updated at 10:30pm on December 03, 2016

    A least 10 Bangladeshi readymade garment exporters are facing trouble to run their business as a French fashion retailer, Mim, has not paying about $5 million against its import of RMG products from the exporters three or four months back...

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    Russian central bank loses $31m in cyber attack

    Reuters | Updated at 11:50am on December 03, 2016

    Hackers stole more than 2 billion roubles ($31 million) from correspondent accounts at the Russian central bank, the bank said on Friday, the latest example of an escalation of cyber attacks on financial institutions around the globe...

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    Cos leaving US will face ‘consequences’: Trump

    Agence France-Presse . Indianapolis | Updated at 01:44am on December 03, 2016

    US president-elect Donald Trump on Thursday warned American firms wanting to relocate abroad that they will face punishment, as he announced a deal with air conditioning manufacturer Carrier to keep jobs in the country....

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    Asia’s wealth industry booting out clients in costly clean-up

    Reuters . Singapore/Hong Kong | Updated at 11:27pm on December 02, 2016

    Thousands of clients are being booted out of bank accounts in Asia’s wealth management industry, which is cleaning up after a money laundering scandal in Malaysia, the ‘Panama Papers’ expose, and a global push for tax transparency, bankers say...

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    Anger rises after India scraps old notes at petrol pumps

    Agence France-Presse . New Delhi | Updated at 11:25pm on December 02, 2016

    India said old notes would no longer be accepted at petrol stations after Friday, fuelling anger over the scrapping of high denomination bills that has caused an unprecedented cash crunch...

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    Stocks refinance scheme: Defaulted loans stand at Tk 23.51 crore

    HM Murtuza | Updated at 11:24pm on December 02, 2016

    Defaulted loans in the government’s Tk 900 crore refinance scheme for the affected small investors stood at Tk 23.51 crore till November 27 this year as a number of entities failed to pay installments in due time...