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Local funds use to hit economic activities: ICCB

The International Chamber of Commerce, Bangladesh on Thursday observed that there would be serious strain in productive economic activities if the government ultimately goes for using local resources to construct... Full story

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Padma bridge possible with domestic funds : BEA seminar

A number of economists and expatriate Bangladeshis on Thursday said that construction of the proposed Padma Bridge was possible through self-financing and with a reduced cost. Full story

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Loan defaulter redefined

Bangladesh Bank on Thursday redefined the default borrower saying that if any loan or part of it or accrued interest remains ‘overdue’ for more than six months, the borrower will be treated as loan defaulter. Full story

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BB receives highest number of complaints against SCBs

Clients of state-owned banks lodged more complaints against the banks than those of the private commercial banks at the Customers’ Interest Protection Centre of the central bank in one year. Full story

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Stocks fall on profit-taking sales

Dhaka stocks fell on Thursday as some investors booked profits amid rising prices in the early trading following the announcement of the ‘not-so-stringent’ monetary policy on Wednesday, said market operators. Full story

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4.7cr middle class people in the country, finds Prof Barkat

Bangladesh Economic Association president Abul Barkat on Thursday said that 4.7 crore middle class people in the country are the driving force behind expansion of the domestic consumer market. Full story

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Oil hits seven-week high on Middle East tensions

World oil prices hit seven-week peaks on Thursday as traders fretted over the impact of simmering geopolitical tensions in the crude-rich Middle East. In early morning deals, Brent North Sea oil for delivery in September... Full story

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Market

Popular Life Insurance Co Syed Zahurul Huq, one of the sponsors of the company, has expressed his intention to sell 10,000 shares out of his total holding of 36,230 shares of the company at prevailing market... Full story

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Euro mixed in Asia after German leader’s comments

The euro was mixed in Asian trade Thursday amid worries over Europe’s fiscal woes and comments from German leader Angela Merkel casting doubt on whether the European project had a solid future. Full story

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Indian economy to grow at slowest pace in 10yrs

India’s economy will grow at its slowest pace in a decade this fiscal year, with tight monetary policy, political gridlock and a weakening global economy prompting analysts to slash their forecasts, a Reuters poll showed on Thursday. Even as growth falters... Full story

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FTAs not cause of trade boom in Asia: ADB

Free trade agreements cannot be credited for the increase in intra-Asian trade as they are often restrictive in scope and difficult to implement, the Asian Development Bank said Thursday. Full story

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China doubles loans to Africa to $20 billion

China’s president Hu Jintao said Thursday Beijing would offer $20 billion in new loans to Africa, underscoring the Asian powerhouse’s growing links with the resource-rich continent. Full story

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MCCI hails BB monetary policy for July-Dec

The Metropolitan Chamber of Commerce and Industry has welcomed the initiatives taken by the Bangladesh Bank to synchronise monetary policy statement with fiscal stance to achieve twin major objectives — maintaining... Full story

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