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Prices of aromatic rice go up by 50pc in a week

Prices of aromatic rice went up by almost 50 per cent in retail markets in the city in last one week amid the government decision to withdraw ban on aromatic rice export. Different types of aromatic rice were being... Full story

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BMBA agrees to resolve omnibus complexities

Merchant bankers at a meeting with the Dhaka Stock Exchange on Monday agreed to open separate beneficiary owners’ accounts in names of the clients under omnibus accounts. At the meeting held at... Full story

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Remittance inflow drops in March as dollar weakens

Inflow of remittance dropped further in March from that of previous two months because of the decline in value of dollar against Bangladeshi Taka. The country received remittances worth $1.107 billion... Full story

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Non-life insurers to give up to 15pc commission

The country’s non-life insurance companies will now be able to give highest 15 per cent of the premium as commission to their agents. In a circular, the Insurance Development and Regulatory... Full story

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Dhaka stocks gain

Dhaka stocks extended gains on Monday amid increased turnover when investors switched to financial stocks from other shares. DGEN, the benchmark general index of Dhaka Stock Exchange, gained... Full story

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SEC to take tough stance on co directors’ mandatory shareholding: DSE chief

The Securities and Exchange Commission would stick to a tough stance on mandatory shareholding requirement by directors of the listed companies, DSE president Rakibur Rahman said on Monday. Full story

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Sayeed H Chy elected ONE Bank chairman

The board of directors of ONE Bank has recently elected Sayeed H Chowdhury as its chairman for a one-year term from March 29. The board has also elected Asoke Das Gupta as its vice-chairman, said... Full story

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Oil higher in Asia

Oil prices were higher in Asia on Monday as dealers were boosted by figures showing a rise in manufacturing activity in China, the world’s largest energy user, analysts said. Full story

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Yen falls on weak Japan business outlook survey

The yen fell against the dollar and euro in Asia on Monday after a Bank of Japan survey showed weaker-than-expected business confidence among the nation’s major manufacturers. Full story

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Global business groups warn India over tax plan impact

International trade groups representing more than 2,50,000 companies have warned Indian prime minister Manmohan Singh that new taxation proposals by his government have led foreign businesses to... Full story

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European outlook dims as Asia brightens

An eighth straight month of contraction in the eurozone’s manufacturing sector eclipsed brighter news from Asia on Monday, dimming chances of a strong rebound in the global economy. Full story

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Japan business confidence remains weak

Confidence among major Japanese manufacturers remains weak despite the yen’s fall from historic highs and an ongoing tentative recovery following last year’s quake-tsunami, figures showed Monday. Full story

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