Steel Engineering corp. losing out to pvt peers
The financial muscle of the state-owned steel maker remains highly fragile, with most of its units failing to compete with private enterprises, officials say.Though profitable until now, the Bangladesh Steel and Engineering Corporation might see the reversal of its fortune in the next two to three years if the units...
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PM for making BBIN initiatives operational among three states
BAKU (Azerbaijan), Oct 26 (UNB): Prime Minister Sheikh Hasina said on Saturday three countries-Bangladesh, India and Nepal-can initially make the BBIN Motor Vehicles agreement operational, if Bhutan needs more time.She said this when her Nepalese counterpart KP Sharma Oli met her at the bilateral booth of Baku Congress Centre on...
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Rohingya shift to Bhasanchar by November
The government has now planned to start transferring the Rohingya to Bhasanchar Island by this November amid many donor bodies' reservations about the process."We're ready. Whenever the government directs us, we'll start the process," commissioner of Refugee Relief and Repatriation Commission Mahbub Talukder told the FE.According to officials, several hundred...
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Taka bond ready to raise $10m from London mkt
Bangladesh is going to float a taka-denominated bond for the first time on the London Stock Exchange next month to raise funds for the local private sector, officials said on Saturday.The International Finance Corporation (IFC), a sister concern of the World Bank, would float the taka-linked bond equivalent to US$10...
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Briefing 27-10-2019
BGMEA seeks steps to stay in frayBangladesh Garment Manufacturers and Exporters Association (BGMEA) has sought at least an additional Tk 2.0 on top of the market-based exchange rate per US dollar. It also demanded several other measures to help the country's largest export earnings sector overcome the internal and external...
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