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IMF suggests watch on inflation upturn

Prices hitting new highs prompt the International Monetary Fund (IMF) to predict that the price inflation in Bangladesh may far overshoot the estimation for this fiscal, and to suggest monetary-policy action. Based on a reappraisal of the country's macroeconomic developments, the Fund forecasts that the headline consumer price index (CPI)...

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This screen grab taken on Friday from a footage of the Zaporizhzhia nuclear authority shows a

This screen grab taken on Friday from a footage of the Zaporizhzhia nuclear authority shows a wide view of the Ukrainian nuclear plant during an attack with shell fire by Russian forces — AFP

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Woven garments wane for lax backward linkage

The share of woven garments in Bangladesh's export earnings wanes mainly as lax backward-linkage industry fails to support the apparel subsector, insiders say.Backward-linkage industry is also "important to face the post-graduation challenges", they add. The woven subsector of the country's principal export industry is likely to face strict rules-of-origin (RoO)...

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Search action against edible oil oligopolies starts

Sudden market volatility with price spirals invites action as the government starts assessing the import, supply and stock positions of edible oils with refiners and traders, officials say. To this end, the Directorate of National Consumer Rights Protection (DNCRP) has asked the country's edible-oil refiners to furnish the import, stock,...

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Cricket’s spin wizard Shane Warne dies

SYDNEY, Mar 4 (AFP): Australia cricket great Shane Warne, widely regarded as the greatest leg-spinner of all time, has died aged 52, according to a statement issued by his management company.Warne's management said he died in Koh Samui, Thailand, of a suspected heart attack."Shane was found unresponsive in his villa...

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Taka, emblem of sovereignty of BD, turns 50

A country's national currency is widely considered a symbol of its sovereignty. For Bangladesh, it is the taka and Friday marks the golden jubilee of its inception, reports bdnews24.com.On Mar 4, 1972, the first 1 taka note-the country's first banknote-portraying the map of independent Bangladesh went into circulation.On the same...

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Tourism in Sundarbans costlier as govt doubles levy

Tourism in the Sundarbans would now be costlier than earlier as the government has doubled its levy after a decade.All the fees and non-tax revenue rates have been increased on an average for tourists and their vessels as well as wood, fish, honey, wax, crab, cane, Shell and other products...

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Briefing 05-03-2022

Dhaka stocks see steep weekly fall Dhaka bourse witnessed a steep fall in benchmark index in the week to March 03, extending the losing streak for a third week, as investors opted to stay on the sidelines amid global economic uncertainty caused by Russian invasion of Ukraine. The total turnover...

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