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Tk 6tn budget for FY ’22 on the anvil

The government allocation for public expenditure on goods and services will witness a significant rise in the coming years after a slight dip in the last couple of years, reports UNB.The government has estimated to spend Tk 401.3 billion, which is 6.6% of the budget, for public expenditure in the...

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Janata Exchange Company

Janata Exchange Company (JEC) SRL, Italy, a subsidiary of Janata Bank Limited, held its annual general meeting (AGM) virtually recently, with the bank's MD & CEO Md Abdus Salam Azad, who is also the chairman of the JEC board, as the chief guest. JEC Managing Director Md Ali Hossain presided...

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MCM take initiative to remind public to follow SOP at mkt

IPOH, Apr 18: Perak Muslim Clown Malaysia (MCM) group has taken the initiative to ensure compliance with the Standard Operating Procedures (SOP) to curb the Covid-19 outbreak by placing four clowns at the Taman Jati Ramadan Bazaar near Ipoh, reports Bernama.MCM representative Nazirah Abd Rahman, 43, told reporters the group...

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New models of Walton PC hit market

Walton Digi-Tech Industries Limited, a subsidiary of Walton Group, has launched three new models of All-in-One personal computer (PC), says a statement. The PCs of Unify S22 series with eye-catching design and attractive features hit the market at the end of March. Walton officials say they had previously marketed several...

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Adobe co-founder who helped develop the PDF dies

Charles Geschke, the co-founder of the software company Adobe who helped develop the Portable Document Format, or PDF, has died at the age of 81, reports BBC.Geschke set up Adobe in 1982, giving the world the ubiquitous PDF software, among many other audio-visual innovations.He made headlines 10 years later when...

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Trafigura to buy Sonangol's Puma Energy stake

Global commodities trader Trafigura has agreed to buy Angolan state oil giant Sonangol's 31.78 per cent stake in loss-making Puma Energy for $600 million in a step towards raising its holding to more than 90 per cent, reports Reuters.Trafigura and Puma said in a joint statement that Puma had also...

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GM, Toyota take different electric roads in China

SHANGHAI, April 18 (Reuters): Toyota pioneered the world's most successful hybrid car but when it comes to pure electric vehicles it has some catching up to do, especially in China.The Hong Guang Mini EV, a tiny, no-frills car made by a General Motors joint venture that costs under $5,000 is...

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Asian economy to grow 6.5 pc in 2021: Report

BOAO, Hainan, April 18 (Xinhua): The growth rate of the Asian economy in 2021 is expected to reach at least 6.5 per cent, according to a report released by the Boao Forum for Asia (BFA) Sunday.The figure represents a significant rebound from the 1.7-per cent contraction registered last year, said...

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UK fintech investment surges 331pc

The UK fintech sector has kicked off the year in confident mood, raising $2.9bn (£2.5bn) in the first three months -- a 331 per cent rise on the same quarter last year, reports the Daily Business.The investment so far this year was achieved through 117 deals representing 69 per cent...

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Violence, insecurity threaten Afghan economy as investors flee war-torn country

KABUL: Growing insecurity, political instability, and a lack of confidence in Afghanistan's future has driven hundreds of businessmen out of the country, leading to almost $1.5 billion in losses last year for the already fragile economy, the deputy head of Afghanistan's Chamber of Commerce and Investment (ACCI) told Arab News...

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Taiwan has never sought to use exchange rate for trade advantage

TAIPEI, April 18 (Reuters): Taiwan has never sought to use foreign exchange rates to gain an unfair trade advantage, the central bank said on Sunday, after the U.S. Treasury said Taiwan tripped thresholds for possible currency manipulation under a 2015 U.S. trade law.The U.S. Treasury Department on Friday refrained from...

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Atlantia investor urges Italy not to interfere in Autostrade sale

ROME, April 18 (Reuters): Atlantia investor and hedge fund TCI has urged Italy's government not to put any pressure on the Italian infrastructure group to strike a deal to sell its motorway business Autostrade, a letter seen by Reuters shows.TCI's letter, dated April 12, asks the government to allow Atlantia...

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