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BKB seeks Tk 20.46b interest subsidy

The Bangladesh Krishi Bank (BKB) has sought Tk 20.46 billion as interest subsidy from the government to meet its capital shortfall, finance ministry officials said.When asked, BKB managing director Md Ali Hossain Prodhania said, "We provide loans to agriculture sector at lower interest, meaning less than the cost of fund."According...

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Fish prices go up on short supply

Prices of different varieties of fishes showed an upward trend in the city's kitchen markets on Friday.Retailers said they had to purchase fishes at high rates from the wholesalers who attributed the price hike to the short supply of fishes.Also, prices of different varieties of rice and some vegetables remained...

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BPC to import 1.8m tonnes of petroleum fuels this year

Bangladesh will import 1.8 million tonnes of petroleum fuels worth about $1.21 billion (Tk 101.68 billion) for the period of July to December, reports UNB.The fuels will be purchased from state-owned companies of different countries on the government-to-government (G2G) contract basis.The Bangladesh Petroleum Corporation (BPC) has already completed negotiations with...

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ICAB members' confce today

The Institute of Chartered Accountants of Bangladesh (ICAB) will hold a members' conference on 'Prevailing Money Market Situation and the Way Forward' today (Saturday) at 4:00pm at CA Bhaban in the city. Dr Mustafizur Rahman, Distinguished Fellow, Centre for Policy Dialogue (CPD), will be present as the chief guest.Syed Mahbubur...

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News Briefs-(21-7-2018)

Milk Vita imports 100 more Indian buffaloes Benapole, July 20: The last consignment of 100 buffaloes imported from India's Haryana state by the Milk Vita reached the country on Thursday night. The buffaloes, including 50 calves, were imported through Benapole port. They were released from the port at around 11:30pm...

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Half-yearly managers' conference of South Bangla Agriculture and Commerce Bank

Managing Director and CEO of South Bangla Agriculture and Commerce Bank Limited Md Golam Faruque speaking at the half-yearly managers' conference at a city hotel on Thursday

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China, UAE announce new trade zone to mark Xi visit

DUBAI, July 20 (AFP): China and the United Arab Emirates (UAE) have signed an agreement to build a new trade zone in Dubai, the Emirates' state-owned port operator said Thursday ahead of President Xi Jinping arriving in Abu Dhabi.The UAE's DP World announced the deal with the Zhejiang China Commodities...

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G20 finance ministers to tackle trade war impact on global economy

BUENOS AIRES, July 20 (AFP): Global trade conflicts triggered by the protectionist policies of US President Donald Trump are set to dominate this weekend's meeting of Group of 20 finance ministers in Buenos Aires.US Treasury Secretary Steven Mnuchin is set to "respond to concerns on US trade policies" in the...

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US expects to restart NAFTA talks soon: Commerce secy

WASHINGTON, July 20 (AFP): Talks to revamp the North American Free Trade Agreement (NAFTA) could resume shortly, US Commerce Secretary Wilbur Ross said Thursday.Mexico's President-elect Andres Manuel Lopez Obrador "has changed his rhetoric quite considerably and has made it very clear that he likes the idea of redoing NAFTA," Ross...

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NZ to advance trade talks with Pacific Alliance

WELLINGTON, July 20 (Xinhua): New Zealand Trade and Export Growth Minister David Parker will hold talks with his Pacific Alliance counterparts in Mexico next week to seek further progress on a free trade agreement with the four-nation grouping.Parker will leave for Mexico on Saturday to attend the Pacific Alliance summit...

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UK shops pay penalty for World Cup fever

LONDON, July 20 (AFP): British retail sales surprisingly fell in June as World Cup fever fuelled by England's strong start in Russia kept fans away from stores, official data showed on Thursday.Sales by volume dropped 0.5 per cent in June from May, the Office for National Statistics (ONS) said. Analysts'...

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N Korea economy shrank sharply in 2017: Seoul

SEOUL, July 20 (AFP): North Korea saw its economy contract 3.5 per cent last year - its worst showing in two decades - as it was hit by sanctions over its weapons programmemes, the South's central bank said Friday.It was a sharp reversal from 3.9 per cent growth in 2016,...

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Yuan weakens against USD

BEIJING, July 20 (Xinhua): The central parity rate of the Chinese currency renminbi, or the yuan, weakened 605 basis points to 6.7671 against the US dollar Friday, according to the China Foreign Exchange Trade System.In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2.0...

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