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BHBFC seeks govt nod to cut flat loan interest rate to 9.0pc

The Bangladesh House Building Finance Corporation (BHBFC) has sought the government's approval to reduce the interest rate on flat purchase loans to 9.0 per cent, officials said.Presently, the rate of interest on this segment of loans is 10 per cent which, the corporation thinks, has a scope to be lowered...

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StanChart launches new home finance solution

The Standard Chartered has recently introduced its new variant of home finance solution called 'MortgageOne' in the Bangladesh market. Under this new home loan scheme, the customer's loan account is linked to a current account and the balance being maintained in the current account is used for offsetting the loan...

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Export earnings up 20pc in July

The country's export earnings grew nearly 20 per cent to $3.58 billion in the first month of the current fiscal year (FY), 2018-19, compared to the same month in the previous fiscal.A significant rise in the apparel exports has greatly contributed to this growth in July, officials said.The earnings have...

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HC asks Stitching BD Accord to leave country by Nov 30

The High Court (HC) issued a directive asking the 'Stitching Bangladesh Accord Foundation' to depart from Bangladesh by November 30, 2018. The top court also asked the government to restrain itself from extending the tenure of the foundation in Bangladesh in any manner.An HC bench comprising Justice Syed Refaat Ahmed...

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Overstaying expats crowd BD mission to regularise status in UAE

Tens of thousands of overstaying Bangladeshi expatriates in Dubai have been pouring into the Bangladesh Consulate premises in the hope of getting quick exit or regularising their status, the Gulf News reported on Monday."In the last week, we issued about 1,000 one-way travel permits or outpasses and have enrolled about...

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Pangaon to get another mobile crane soon

CHATTOGRAM, Aug 14: A mobile harbour crane is set to be installed at the Pangaon container terminal in Dhaka within a few days as it has already reached the Chittagong port.The Chittagong Port Authority (CPA) has procured the mobile crane from the United Kingdom at a cost of Tk 280...

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SBL holds its 298th board meeting

Standard Bank Limited (SBL), a private commercial bank, held its 298th Board Meeting at its head office in the capital on Monday, says a statement. Chairman of the Board of Directors Kazi Akram Uddin Ahmed presided over the meeting, held at the SBL's Board Room.Managing Director and Chief Executive Officer...

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Tesla starts hiring for new $2.0b Shanghai plant

Tesla Inc has started hiring for its new Shanghai factory, just a month after the US electric vehicle (EV) maker signed agreements with local authorities for the $2.0 billion project.According to job postings on Tesla's website, the automaker is looking to fill 14 roles including architectural designer and senior finance...

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German investors less gloomy in August

FRANKFURT AM MAIN, Aug 14 (AFP): Confidence among German investors improved sharply in August as trade tensions with the United States eased, a regular survey showed on Tuesday, but their outlook for the coming months remains clouded.The ZEW institute's monthly barometer added 11 points to reach -13.7, more than making...

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Ex-Brazil finance minister charged with corruption

BRASÍLIA, Aug 14 (AFP): Former Brazil finance minister Guido Mantega was indicted on Monday on money laundering and other charges.Accusations against Mantega are part of the corruption scandal that has rocked the country's business and political elites.Mantega, 69, is accused of taking money from construction giant Odebrecht in exchange for...

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Onion prices soar despite duty-free import from India

BENAPOLE, Aug 14 (UNB): Both the homegrown and imported onions are getting pricey ahead of Eid-ul-Azha despite the fact that the government allowed a duty-free import of Indian onion.Market sources blamed lax monitoring for sudden such surge in onion prices.The Indian onion is being sold in local markets at Tk...

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News Briefs--(15-8-2018)

Edison launches AI-powered smartphone Edison Group has recently released an artificial intelligence (AI)-powered smartphone, Helio S60. This latest model features the AI supported P60 chipset along with the trending notch display style. The grand launching ceremony took place at a convention centre in the city recently, said a press release....

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Chief Executive Officer of Energypac Electronics Nurul Aktar

Chief Executive Officer of Energypac Electronics Nurul Aktar and Branch Manager of Dhaka Metro Shamim Mahbub attending a shop owners' programme hosted by the Energypac in the capital recently where electrical accessories retailers of Dhaka's Nawabpur and the Energypac Electronics Retail and Distribution team shared their feedback about the energy...

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Chief Operating Officer of Commercial Bank of Ceylon PLC Najith Meewanage

Chief Operating Officer of Commercial Bank of Ceylon PLC Najith Meewanage and General Manager of Long Beach Hotel Group Ankur Salim Siddiqui attending a photo session during an exchange of documents after the two organisations signed an agreement for offering discounts on COMBANK Debit &Credit Cards at a ceremony in...

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Chairman of Board of Directors of Janata Bank Ltd. (JBL) Luna Shamsuddoha

Chairman of Board of Directors of Janata Bank Ltd. (JBL) Luna Shamsuddoha inaugurating a video exhibition on Bangabandhu and a film exhibition, titled 'Indomitable Bangladesh' in the capital on Monday as part of the bank's programmes to observe the 43rd martyrdom anniversary of Bangabandhu Sheikh Mujibur Rahman and the National...

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