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    7 more RMG factories face Alliance wrath

    Staff Correspondent | Updated at 10:37pm on April 01, 2017

    The Alliance for Bangladesh Worker Safety, a consortium of North American fashion retailers and buyers, has cut business relations with seven more Bangladeshi readymade garment units in March due to their failure in making required progress in factory remediation...

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    NBR requested not to give BTRC collection responsibility

    Staff Correspondent | Updated at 10:35pm on April 01, 2017

    The Bangladesh Telecommunication Regulatory Commission has requested the National Board of Revenue to collect directly the outstanding value-added tax worth Tk 269 crore from three mobile phone operators as the telecom regulator has failed to collect the VAT from them for various reasons including lack of authority...

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    Exporters to face troubles getting duty refund as office abolished

    Jasim Uddin | Updated at 10:27pm on April 01, 2017

    Exporters may face problems getting refund of customs duty paid during import of raw materials for manufacturing export goods after implementation of the new value-added tax law as the law has scrapped the existing office that conducts the function...

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    India cotton imports set to surge to record amid rampant rupee

    Reuters . Mumbai | Updated at 11:22pm on March 31, 2017

    India’s 2016-17 cotton imports are set to jump more than a third from a year ago to a record 3 million bales as the rupee’s rise makes buying overseas cheaper, senior industry officials and executives said...

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    Trump to name and shame trade ‘cheats’

    Agence France-Presse . Washington | Updated at 11:21pm on March 31, 2017

    US president Donald Trump was to order staff Friday to pinpoint countries and goods responsible for America’s nearly $50 billion trade deficit, in a protectionist warning shot to trade partners like China...

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    Samsung Group boss earned $1m at flagship in Q4: disclosure

    Business Desk | Updated at 11:19pm on March 31, 2017

    Samsung Electronics Co Ltd said on Friday it paid vice-chairman Jay Y Lee, the third-generation leader of Samsung Group, 1.135 billion won ($1.02 million) in the fourth quarter of 2016, disclosing his compensation for the first time, reports Reuters...

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    DSE moves to revive OTC market

    Staff Correspondent | Updated at 11:17pm on March 31, 2017

    The Dhaka Stock Exchange has initiated a move to revive its non-functional over-the-counter market by allowing electronic transaction of shares on the platform without investors’ physical presence...

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    Pvt sector credit growth rises in Feb

    AKM Zamir Uddin | Updated at 11:13pm on March 31, 2017

    The private sector credit growth increased significantly in February from that of the previous month as import payments jumped in recent months due to a rise in payments for capital machinery, industrial raw materials and some other commodities, said Bangladesh Bank officials...

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    Prices of rice on the rise

    Staff Correspondent | Updated at 11:08pm on March 31, 2017

    The prices of rice increased by Tk 5-6 a kilogram in last two weeks in the city’s retail markets as mill owners were charging more for the staple on the pretext of an off-seasonal supply shortage...

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    StanChart opens new flagship branch in Ctg

    Our Correspondent . Chittagong | Updated at 10:20pm on March 30, 2017

    Standard Chartered Bangladesh on Thursday inaugurated its new flagship branch in the port city. Chief executive officer of the bank, Abrar A Anwar, inaugurated the branch on Shahid Abdul Halim Road of East Nasirabad, adjacent to the Chittagong city’s GEC circle...