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Focus needs to be on capital market

Capital market should be the key funding source for Bangladesh's future economic expansion instead of banks and financial institutions, experts said.Such shift is also necessary to attain sustainable development goals (SDGs) as some 42 per cent of the SDG financing here should come from the private sector.They made the views...

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NRBs urged to invest in bonds

Sending of remittances by all Bangladeshis through formal banking channels can help jack the country's foreign exchange reserve up.Besides, non-resident Bangladeshis (NRBs) can get better yields by making their investments in different types of bonds available in the country.Speakers said these at a roundtable discussion on 'Legal Remittance Flow' held...

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Ctg regasified LNG supply rises as RasGas vessel docks

RasGas's LNG-carrying vessel finally docked at Moheshkhali's floating LNG (liquefied natural gas) import terminal on Saturday after a three-day struggle due to rough sea.Re-gasified LNG (R-LNG) supply to the port city of Chattogram increased again to around 300 million cubic feet per day (mmcfd) from Saturday evening, said a senior...

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Hollande fuels fighter jet controversy in India

NEW DELHI, Sept 23 (AFP): India's Narendra Modi was under fire Saturday after French ex-president Francois Hollande added fresh fuel to corruption allegations in a bilateral defence deal, with the prime minister branded a traitor by his chief political opponent.French defence firm Dassault picked Reliance Group, run by Indian billionaire...

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Symphony opens handset unit at Ashulia

Symphony inaugurated Sunday its newly-established manufacturing plant, 'Edison Industries Limited' at Zirabo, Ashulia, reports UNB.The ceremony was commenced by Post, Telecommunication and Information Technology Minister Mustafa Jabbar, said a press release.The top officials of Symphony, including the Chairman of Edison Group, Aminur Rashid, Managing Director, Jakaria Shahid and Director of...

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Review minimum wage for garment workers

Garments Sramik Adhikar Andolon, a platform of 12 labour organisations, has appealed to the wage board to review the minimum monthly wage of Tk 8000 for entry-level garment workers. They also demanded that Tk 16,000 be fixed as the minimum monthly wage with annual increment at the rate of 10...

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Pakistan struggle to 237-7 despite Malik's 78

DUBAI, Sept 23 (AFP): Pakistan were once again short of a fighting total as they managed 237-7 in their 50 overs despite an attractive half century by Shoaib Malik in the Asia Cup game against India in Dubai on Sunday.Malik scored a 90-ball 78 with four boundaries and two sixes,...

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PKB rehab loan schemes hit bump

The Probashi Kallyan Bank (PKB) has found it difficult to provide rehabilitation loans for inbound migrant workers in the absence of a database, said officials.Even they cannot communicate with the returnees, particularly those who are qualified for such loans.Had an official database been in place, a senior PKB official said,...

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