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Low jute price hits farmers again

Farmers in several districts in the country are frustrated by the low price of jute for the past two years as they are not being able to recover even the cost of production by selling the product. The price of one mound of jute is ranging between Tk 600 and Tk 1,500... Full story

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Four mobile cos asked to deposit Tk 2,324cr by Thursday

The Bangladesh Telecommunication Regulatory Commission on Monday asked four mobile companies — Grameenphone, Banglalink, Robi and Citycell — to deposit around Tk 2,324 crore as the second instalment... Full story

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Deal on $150m ADB loan for railway signed

The Asian Development Bank will provide $150 million in loans to Bangladesh to help improving the capacity, efficiency and safety of railway system. The Economic Relations Division’s senior secretary Iqbal... Full story

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5 mobile cos may get more time

Bangladesh Telecommunication Regulatory Commission is likely to give five mobile companies more time to introduce a minimum 10-second pulse on each call, commission officials said Monday. Out of six mobile companies in the country only... Full story

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Travel entitlement to SAARC states increased to $2,000 a year

Bangladesh Bank has enhanced annual entitlement of Bangladeshi nationals for private travel to SAARC member countries and Myanmar to $ 2,000 from $1,500 per calendar year. The revised travel entitlement or the amount... Full story

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Stocks return to negative zone on late sell-offs

Dhaka stocks declined on Monday as investors went for sell-offs in late trading to minimise losses or book profits after Sunday’s sharp rise which was preceded by a week of gain. DGEN, the benchmark general index... Full story

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Euro mixed in Asian trade

The euro was mixed in Asian trade on Monday amid renewed uncertainty over the eurozone debt crisis, as markets turn their focus to a speech by the US central bank chief later this week. Full story

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Samsung shares plunge after Apple patent ruling

South Korea’s Samsung sought Monday to rally employees after a $1.05 billion US court judgment in favour of arch-rival Apple pushed its shares sharply lower amid fears about the fallout in the key American market. Full story

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Market

HBM Iqbal, one of the sponsors/directors of the company, has expressed his intention to buy 2,25,000 shares of the company at prevailing market price through the stock exchange within next 30 working days. Full story

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Oil soars in Asia on Gulf of Mexico disruption

Crude prices surged in Asia Monday as supply of oil and gas from the Gulf of Mexico was curtailed after Tropical Storm Isaac forced the closure of production facilities in the region, analysts said. Full story

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India, China press each other for market access

India and China pressed each other for greater market access for their products from medicines to Bollywood films at a meeting of trade ministers on Monday, seeking to expand commercial ties between the Asian giants as they battle a global downturn. Full story

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German business confidence hits two-year low

Business confidence in Germany dropped to its lowest level in nearly two and a half years in August, as Europe’s biggest economy increasingly feels the pain from the debt crisis, data showed Monday. Full story

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Fed mulls open season on bond buys to help economy

The Federal Reserve is considering a new approach to unconventional monetary policy that would give it more leeway to tailor the scale of its stimulus to changing economic winds. While fresh measures are not assured and the timing of any potential moves... Full story

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Apex Adelchi gets new DMD

Abdul Momen Bhuiyan has recently been promoted to deputy managing director of Apex Adelchi Footwear Limited. Momen has been an active member of the senior management team of the company and previously held the position of executive... Full story

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Yasmin wins fifth flat of Lux campaign

Kazi Amena Yasmin from Sylhet has become the winner for the fifth week’s flat of Lux ‘Win a flat in Dhaka’ campaign. During the offer, which began on July 14, Yasmin purchased a 100-gm pack of Lux, sent the unique... Full story

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Int’l terrestrial cable test transmission begins today

1Asia Communications Ltd and Alliance Holdings Ltd have teamed up to physically connect Bangladesh with Indian terrestrial cable company TATA Communications through Benapole. The test transmission of ITC begins today. Full story

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IBBL inks deal with Robi to launch mobile banking service

Islami Bank Bangladesh is going to launch mobile banking service ‘Islami Bank mCash’. The bank signed an agreement in this regard with Robi Axiata Limited at a local hotel Sunday, said a news release. IBBL managing director Mohammad Abdul... Full story

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Pubali Bank holds training on internet banking

Pubali Bank has recently held a daylong training programme on ‘Internet banking, remittances, CIB reporting and customer registration’ at its head office in Dhaka. The training programme was organised by Information Technology Division of the bank. Full story

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