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    Bangladesh forex reserve hits record $34.23 billion

    Staff Correspondent | Updated at 11:14am on June 04, 2020

    The country’s foreign exchange reserve has surpassed $34 billion mark for the first time mainly due to the surge in remittance earnings in May.According to...

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    Stocks fall for 3rd day in almost buyer-less market

    Staff Correspondent | Updated at 10:31pm on June 03, 2020

    Dhaka stocks inched down on Wednesday, extending the losing streak to the third session as the investors’ concerns over the worsening COVID-19 pandemic situation and the regulator-enforced floor...

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    Unnecessary government spending must be cut in budget: SANEM

    Staff Correspondent | Updated at 10:33pm on June 03, 2020

    South Asian Network on Economic Modeling executive director Selim Raihan said that the present context under the backdrop of the COVID‑19 outbreak demanded a special approach in the budget with...

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    Irish buyers urged to honour RMG contracts from Bangladesh

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 10:34pm on June 03, 2020

    Foreign minister AKM Abdul Momen has urged Irish buyers to honour their import contracts from ready-made garment (RMG) units of Bangladesh considering the dire consequences of economic...

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    Chinese co to set up $1.02m leather industry at Chattogram EPZ

    Business Desk | Updated at 10:38pm on June 03, 2020

    The Bangladesh Export Processing Zones Authority (BEPZA) and Chinese company M/s Unicorn Leather Goods Factory Limited signed an agreement on Wednesday under which the company will...

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    IBBL holds virtual business development conference

    Business Desk | Updated at 10:40pm on June 03, 2020

    Dhaka north zone of Islami Bank Bangladesh Limited held a business development conference virtually on Tuesday, said a press release. IBBL managing director and CEO Md Mahbub ul Alam addressed...

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    NBR relaxes duty-free car import rules for hi-tech park investors

    Staff Correspondent | Updated at 10:27pm on June 02, 2020

    The National Board of Revenue has relaxed the duty-free motor vehicle import rules for investors in the country’s hi-tech parks, curtailing the minimum level of investment to be made and the number...

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    Trade deficit inches down in July-Mar

    Staff Correspondent | Updated at 10:35pm on June 02, 2020

    Bangladesh’s trade deficit inched down to $12.07 billion year-on-year in July-March of the fiscal year 2019-2020 due to a slowdown in import of industrial inputs and capital machinery as the...