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BB asks banks to clear pending LC bills in 15 days

The Bangladesh Bank Thursday asked all commercial banks to clear their pending flawless inland and foreign documentary bills for imports within 15 days following request from the Association... Full story

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Ban lifted on exports of 4 essential items

The government has lifted the ban on exports of green chilli, aubergine, onion and garlic, which was imposed ahead of Ramadan, although the prices of the items have increased in the local market in last few weeks. The commerce ministry in an order said that as the ban on exports of the essential... Full story

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Govt preparing national quality policy to maximise exports

Industries minister Dilip Barua on Thursday said that the government is preparing a National Quality Policy to maximise exports by producing quality goods and services. Dilip, while addressing the inaugural ceremony of a workshop, said that they are preparing the policy with... Full story

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NBR to introduce new software to boost VAT collection

The National Board of Revenue (NBR) is going to introduce new software by this month for companies which pay at least Tk 50 lakh as value added tax (VAT) annually as a move to prevent tax evasion and increase collection, NBR officials said. Full story

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Dhaka stocks end flat amid volatile trading

Dhaka stocks ended flat in volatile trading on Thursday as investors became sceptical following the news that the government is reshuffling the cabinet. DGEN, the benchmark general index of Dhaka... Full story

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Rokia Afzal elected ICCB vice-president

Noted woman entrepreneur Rokia Afzal Rahman has been elected vice-president of the International Chamber of Commerce, Bangladesh. Rokia, chairman of the Arlinks Group and executive committee member of the Metropolitan Chamber of Commerce... Full story

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Indian company to invest $4.4m in Ctg EPZ

An Indian Company M/s Copper Co Limited will set up a garments industry in the Chittagong Export Processing Zone, said a news release. The company will invest $4.401 million in... Full story

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Market Disclosures

Bangladesh Finance and Investment Hasina Parveen, one of the sponsors of the company, has expressed her intention to sell 3,44,297 shares out of her total holding of 19,09,289 shares of the company at prevailing... Full story

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Dollar weakens

The dollar edged down in Asia on Thursday as dealers await the outcome of a US Federal Reserve policy meeting expected to result in further easing measures to boost the world’s biggest economy. Full story

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Indonesia keeps interest rates steady at 5.75pc

Indonesia’s central bank held its benchmark interest rate unchanged Thursday at 5.75 per cent for an eighth month, saying it was the right level to keep inflation under control. ‘The rate is considered consistent... Full story

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Oil prices rise in Asian trade on Libya tension

Oil prices rose in Asian trade Thursday on tensions sparked by the killing of the US ambassador to Libya and a German court's ruling in favour of the eurozone's crucial bailout fund. However, signs of a weaker demand for... Full story

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G20 economies slow, eurozone contracts in quarter: OECD

Economic growth in the top G20 countries slowed to 0.6 per cent in the second quarter of 2012 from 0.7 per cent in the first quarter, with slow and weak growth set to continue, the OECD said on Thursday. The Chinese economy picked up but output in the eurozone, Japan ... Full story

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US wholesale inflation rises, labour market struggles

Producer prices rose by the most in three years in August as the cost of energy surged, but underlying inflation pressures were contained, keeping the door open to additional monetary policy easing. Full story

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EU president presses ahead on reforms

EU president Herman Van Rompuy said Thursday he wanted to begin consultations next week on reforms to the bloc, including a centralised budget and shared debt, two hugely controversial issues. Full story

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Greek labour unions announce general strike for September 26

Greece’s two main labour unions have called for a general strike against the new austerity measures on September 26, an official from one of the unions said on Thursday. Private sector union GSSE... Full story

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Gallerie Apex launches sales campaign

Gallerie Apex on Thursday launched a mega sales Utshob that will offer its customers a chance to win a 800 cc brand new car, 4-stroke motor bikes, 32-inch LED televisions and 13.5 cft fridges and 3,20,000 more prizes ahead of Puja and Eid by purchasing... Full story

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Bengal Meat launches first butcher shop at Gulshan

Meat processing company Bengal Meat recently launched its first butcher shop in DCC market at Gulshan-1 in the capital. Model Sharmin Lucky inaugurated the butcher shop, said a news release. Company’s managing director ... Full story

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