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$250m WB credit for job creation in BD

The World Bank approved on Wednesday $250-million development policy credit to help Bangladesh create more, better-paid and quality jobs in a rapidly changing environment.The 'Programmatic Jobs Development Policy Credit' will help the country develop a stronger policy and institutional framework to address barriers to more and better jobs for citizens.According...

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Move to get duty-free mkt access to more countries

Bangladesh failed to gain duty-free market access for its products to more than 150 countries due to lack of proper planning.Realising the urgency of the matter, the government has taken a move to obtain such facilities in a number of countries such as Russia, Egypt and Malaysia, commerce ministry officials...

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LPG use grows over 21pc in 10 years

Power, Energy and Mineral Resources Ministry has identified 12 points for ensuring safe use of Liquefied Petroleum Gas (LPG) as the growth of LPG use rose by over 21 per cent since 2009 in the country, reports BSS."The government is committed to ensure safe use of LPG cylinders across the...

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Meat becomes costlier

Meat became pricier last week after remaining almost stable for about two months.Onion, ginger and potato prices, however, showed a slight decline during the period while most of other essential commodities remained static.Prices of beef, mutton and broiler chicken increased by 9-12 per cent in the week. Traders attributed the...

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Japan’s SoftBank to shun Huawei

TOKYO, Dec 13 (Reuters): SoftBank Group Corp plans to replace 4G network equipment from China's Huawei Technologies Co Ltd with hardware from Nokia and Ericsson, Nikkei reported on Thursday, without citing sources.The move comes at a time of heightened scrutiny of Chinese tech firms by the United States and some...

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BSP pauses, holds key rate after hiking spree

MANILA, Dec 13 (Reuters): A cooling of inflation allowed the Bangko Sentral ng Pilipinas (BSP) to leave its benchmark interest rate on hold on Thursday after five straight hikes, but it said it was ready to take action if needed to keep prices in check.The central bank left the rate...

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Canada warns US not to politicise extradition cases

OTTAWA, Dec 13 (Reuters): Canadian Foreign Minister Chrystia Freeland on Wednesday warned the United States (US) not to politicise extradition cases, a day after President Donald Trump said he could intervene in the affair of a Chinese executive detained in Canada at Washington's request.Freeland also told reporters that a second...

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M. Anis Ud Dowla presiding over 22nd AGM of ACI Formulations Limited

Chairman of ACI Formulations Limited M. Anis Ud Dowla presiding over the company's 22nd annual general meeting in the capital on Wednesday. Managing Director Shusmita Anis, directors and shareholders were present at the meeting that approved 35 per cent cash dividend for the year ended on June 30, 2018

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Abdul Wahed presiding over the 16th AGM of Matin Spinning Mills

Chairman of Matin Spinning Mills Limited Abdul Wahed presiding over the company's 16th annual general meeting (AGM) at the factory premises in Gazipur on Thursday while Managing Director M.A. Jabbar, directors, senior executives and shareholders were present. The AGM approved 17 per cent cash dividend for the year ended in...

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Berger Paints Bangladesh Limited Abdul Khalek receiving the 'ICMAB Best Corporate Award'

CFO & Director of Berger Paints Bangladesh Limited Abdul Khalek receiving the 'ICMAB Best Corporate Award' in the category of multinational manufacturing industries from Finance Minister AMA Muhit at a ceremony in the capital recently

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