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    Nagad to issue Tk 5b zero-coupon bond

    Staff Correspondent | Updated at 06:58pm on July 27, 2021

    Nagad, the mobile financial services arm of Bangladesh Postal Department, is set to issue a zero-coupon bond of Tk 5 billion, with a face value...

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    Dhaka stocks drop for 2nd day

    Staff Correspondent | Updated at 06:55pm on July 27, 2021

    Dhaka stocks dropped for the second day on Tuesday after the Bangladesh Bank warned banks against the diverting of stimulus loans by some borrowers to...

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    WB to help developing nations to buy Covid vaccines collectively

    Agence France-Presse . Geneva | Updated at 10:20am on July 27, 2021

    A new World Bank financing mechanism will allow developing countries to purchase Covid-19 vaccines collectively through the Covax facility, it was announced on Monday...

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    BB tightens oversight rules for NBFIs amid irregularities

    Staff Correspondent | Updated at 11:04pm on July 26, 2021

    The Bangladesh Bank on Monday issued a master circular that would help the central bank tighten its monitoring over the lending by non-bank financial institutions. The circular will come into force from...

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    E-pay of VAT above Tk 1cr to be made mandatory

    Jasim Uddin | Updated at 11:02pm on July 26, 2021

    The National Board of Revenue is going to make online payment of value-added tax mandatory in phases from January 2022. Initially, VAT above Tk 1 crore in a challan will be brought under the mandatory e-payment system...

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    TCB starts OMS of essential commodities again

    Staff Correspondent | Updated at 11:00pm on July 26, 2021

    The Trading Corporation of Bangladesh on Monday started a monthlong nationwide open market sale of essential commodities at subsidised prices amid the ongoing strict movement restrictions...

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    Promoting competitiveness of local industries key to smooth LDC graduation, say experts

    Staff Correspondent | Updated at 10:56pm on July 26, 2021

    Promoting competitiveness of local industries by increasing productivity aided by technological advantages, reduced costs and improvements in international trade facilities were key to a smooth and sustainable graduation...

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    Abu Dhabi slashes business registration costs by 90pc

    Agence France-Presse . Abu Dhabi | Updated at 10:54pm on July 26, 2021

    Abu Dhabi will slash the cost of establishing new businesses by ‘more than 90 per cent’ from Tuesday to increase the ‘competitiveness regionally and internationally’ of the emirate, already a magnet...

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    Chinese tutoring firms’ shares tank after Beijing crackdown

    Agence France-Presse . Beijing | Updated at 10:50pm on July 26, 2021

    Shares in Chinese tutoring firms tumbled on Monday after Beijing imposed new rules on companies to register as non-profit organisations, effectively wiping out business models in the multibillion-dollar sector and...

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    Supply bottlenecks darken German business sentiment

    Agence France-Presse . Berlin | Updated at 10:47pm on July 26, 2021

    German business confidence fell in July for the first time since January, a key survey showed on Monday, dampened by shortages in the supply of materials and fears of a further rise in...