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Economic recovery ‘on track’

The central bank sees a possible broad-based economic recovery in the near future due to improvement in Covid situation and wider reopening. It, however, warned of lurking downside risks from both internal and external fronts. In its latest quarterly review of the state of national economy and international causatives the...

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Hasina wants action on Rohingya return

NEW YORK, Sept 23 (UNB): Prime Minister Sheikh Hasina has urged the global community to turn their "words and rhetoric" over the Rohingya crisis into actions to reach a desired solution to the protracted problem."We need to go beyond words and rhetoric to have tangible actions to reach a desired...

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Caught in cumulative debt trap

A large number of small business owners dependent on informal moneylenders are falling into debt trap due to higher debt-servicing liabilities amid business slump during the prolonged pandemic disruption. On the other hand, many in such small business groups have sold out ancestral land and valuables to survive in cities...

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Explain fund mismatch

Bangladesh Bank Thursday sought explanation from Union Bank over an alleged fund mismatch involving Tk 190 million from its Gulshan-branch vault.The central bank's latest move comes three days after its inspection team found the bungling during a visit to the Gulshan branch of the fourth-generation bank.Clarifying its position, the bank,...

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Police in action at the Matsya Bhaban intersection

Police in action at the Matsya Bhaban intersection in the city on Thursday when aggrieved e-orange customers staged a demonstration demanding that the e-commerce platform refund their money— FE photo by KAZ Sumon

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Covid death toll at 24

The daily death toll from Covid-19 declined further to a fresh low at 24 while new virus cases also showed a downtrend in Bangladesh on Thursday.On Wednesday, total fatalities from coronavirus were recorded at 36 across the country, according to the Directorate General of Health Services (DGHS).However, the number of...

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BB eases forex release rules

Authorized dealer (AD) banks now can endorse foreign exchange for private travel for multiple years, but not exceeding the set limit per annum. The flexibility on account of private-travel purpose comes as the central bank further simplified its regulations on the release of foreign exchange to travelers, officials said.Under the...

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Grameen Bank evaded Tk 670m in VAT: NBR

The NBR's Value Added Tax (VAT) intelligence team has unearthed evasion worth Tk 670 million by the Grameen Bank while investigating its business operations.The team has found the banking and non-banking service providing entity has not obtained VAT registration yet.The VAT Audit, Intelligence and Investigation Directorate has filed two cases...

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Prayer Timings (24-09-2021)

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