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Dhaka to press for Nairobi Package

Bangladesh will press for implementing the decisions of the last ministerial conference of the World Trade Organisation (WTO) in its upcoming meeting to be held in Argentina next month, officials said. The 10th ministerial conference of WTO, held in Nairobi, Kenya, in 2015, adopted the 'Nairobi Package' containing a series...

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Bangladesh growing as denim hub

The growing global demand for fashionable denim wear encouraged both local and foreign entrepreneurs to make fresh investment in Bangladesh, participants and organisers of Bangladesh Denim Expo have said. Many of the 30 local denim mills are going for expansion while a couple more will come into operation with fresh...

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Prices of green chilli soar in city in a day

Prices of green chilli witnessed a significant rise in the city markets on Friday after remaining static for the last two weeks, thus increasing sufferings of the consumers further.Traders attributed the price hike to fall in its import amid a strike at Benapole land-port in Jessore as well as decline...

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Osiur highest taxpayer in dist

COX'S BAZAR, Nov 9: Noted business personality Osiur Rahman has been honoured as the 'highest taxpayer' of the district for the fourth time this year. Mr Osiur, managing director of OKM group and proprietor of the OKM Trading Company, received the award -- a crest and a certificate -- at...

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Egypt, IMF agree on loan tranche

CAIRO, Nov 10 (Reuters): Egypt has reached a staff-level agreement with the International Monetary Fund for an installment of about $2 billion more from a three-year, $12 billion loan program, the IMF said on Friday.The payment, still subject to IMF executive board approval, will bring total disbursements under the program...

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Australia, Peru sign sweet free trade deal for sugar industry

SYDNEY, Nov 10 (Reuters): Australia and Peru on Friday signed a free trade pact that will eliminate nearly all tariffs Australian exporters face in Peru in a boost for Australia's sugar industry, farmers and mining services firms, Prime Minister Malcolm Turnbull said.The deal marks one of the first steps toward...

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Finnish nickel producer aims to tap electric vehicle boom

HELSINKI, Nov 10 (Reuters): Finland's Terrafame nickel mine is planning to start producing material for electric vehicle batteries by 2020, the company said on Friday.The mine, formerly known as Talvivaara, has been under government control since 2015 after years of losses and production problems. It returned to profit last year...

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News Briefs- (11-11-2017)

Senate Republicans release their own version of tax planSenate Republicans released their own version of a tax plan Thursday, and it varies just enough from the House's bill to set the two chambers up for a dramatic showdown over tax policy in upcoming weeks. The Senate tax bill includes more...

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Jamuna Bank Limited donated Tk 50 million to Prime Minister's Relief Fund

Jamuna Bank Limited recently donated Tk 50 million to Prime Minister's Relief Fund to support Rohingya refugees. Md. Ismail Hossain Siraji, Chairman, Board of Directors, Al-Haj Nur Mohammed, Chairman, Jamuna Bank Foundation, Golam Dastagir Gazi, Bir Protik, MP, Director, Engr. A. K. M. Mosharraf Hussain, Chairman of Risk Management Committee...

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Bangladesh Infrastructure Finance Fund Limited awarded as the Best Tax Payer

Bangladesh Infrastructure Finance Fund Limited (BIFFL) has been awarded as the Best Tax Payer in the Non-Banking Financial Institution category for 2017. Mr. M.A. Mannan,MP, the State Minister for the Finance and Planning Ministry, handed over the Crest and Tax Card to Mr. S.M. Formanul Islam, Executive Director and CEO...

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The 75th meeting of the board of directors of Crystal Insurance Company

The 75th meeting of the board of directors of Crystal Insurance Company Limited was held in the city recently. Abdullah Al-Mahmud (Mahin), chairman of the company, presided over the meeting. AHM Mozammel Hoque, Tajul Islam, Abdullah Hasan, Asoke Ranjan Kapuria, Farhana Nasrin, Soera Zahir, Nusrat Mahmud, directors, and Chief Executive...

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