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Safety inspection finds defects in 35 boilers in RMG factories

The Accord, a platform of Western retailers, has found defects in all the 35 boilers it inspected during a pilot programme covering the readymade garment sector.The Accord signatories launched the pilot programme on boiler safety inspection in September last and some 35 boilers in 17 Accord-listed factories were inspected in...

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Govt mulls sector-specific gas pricing

The government is contemplating introducing sector-specific gas pricing to make energy prices more "predictable" for businesses, a Prime Minister's aide has said. "In India, they have specific gas price for the specific sector. We would like to experiment with such things in Bangladesh," said Private Industry and Investment Advisor to...

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Changes in tender policy hit small contractors hard

Roads and Highways Department contractors at a public hearing on Monday alleged that they were not only deprived of getting work but also facing difficulties in realising money against their work mainly due to new policy and rules in tender.They also urged the authority concerned to set a schedule of...

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Invest in machinery manufacturing

The Dhaka Chamber of Commerce and Industry (DCCI) urged the visiting Chinese entrepreneurs on Monday to invest in manufacturing of machinery in Bangladesh.The trade body made the call during a meeting between the board of directors of DCCI and a Chinese delegation from Yunnan Province. The DCCI leaders also urged...

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Bring middlemen under legal structure

Migrant rights campaigners have urged the government to mention the middlemen's role in the draft rules of the Migration Act 2013.They also placed a five-point-recommendation to incorporate in the proposed draft. The recommendations are recognition, regulation and registration of the middlemen, defining their responsibilities and fixing the fees they will...

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BGMEA gives Tk 500m more to BEZA for setting up garment park

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) handed over a cheque for Tk 500 million to the Bangladesh Economic Zones Authority (BEZA) on Monday for setting up a garment park in Mirsarai economic zone. BGMEA President Md Siddiqur Rahman handed over the cheque to BEZA Executive Chairman Paban Chowdhury...

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German business mood improves

BERLIN, Mar 25 (AFP): Confidence among Germany's business leaders rose in March for the first time after six months of decline, according to the Ifo barometer released on Monday.The Munich-based Ifo institute's business confidence index was up 0.9 points this month, standing at 99.6, compared to 98.7 in February, which...

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Trump push for China trade reform draws wide support at home, abroad

WASHINGTON, Mar 25 (Reuters): US President Donald Trump's blunt-force use of tariffs in pursuing his "America First" trade agenda has angered many, from company executives to allied governments and members of both parties of Congress.But there's one effort which has drawn broad support from those who oppose him on almost...

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JPMorgan awards research grants, deepens its AI push

NEW YORK, Mar 25 (Reuters): JPMorgan Chase & Co has awarded 47 financial grants to university faculty and PhD students for artificial intelligence research, ramping up its efforts in the emerging technology, the bank plans to announce later on Monday.Winners of the JPMorgan's first AI Research Awards will study the...

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Apple invites Hollywood to Silicon Valley in TV push

LOS ANGELES, Mar 25 (Reuters): Apple Inc is expected to finally lift the curtain on Monday on a secretive, years-long effort to build a television and movie offering designed to compete with big media companies and boost digital services revenue as iPhone sales taper."It's show time" is how the iPhone...

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News Briefs (26-3-2019)

Muklesur Rahman re-appointed as MD & CEO of Shimanto BankMuklesur Rahman has been re-appointed as Managing Director & CEO of Shimanto Bank. He has been serving the bank as the MD & CEO since its inception. Mr. Rahman is a veteran banker having more than 35 years' experience in reputed...

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Rahel Ahmed

Rahel Ahmed, Managing Director & CEO of Prime Bank Limited, along with other officials posing for photo at the Wholesale Banking Offsite Event hosted by the bank at a resort in Habiganj recently

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BGMEA President Md Siddiqur Rahman handing over group insurance cheques

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Md Siddiqur Rahman handing over group insurance cheques among the nominees of 88 workers and employees of ready-made garment factories, who died while in service, at the BGMEA headquarters in the city on Monday in presence of BGMEA Vice President Mohammed Nasir

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Textiles and Jute Minister Golam Dastagir Gazi

Textiles and Jute Minister Golam Dastagir Gazi attending as the chief guest a seminar on 'Momentous and Importance of Independence Day', arranged and financed by Jamuna Bank Foundation, in the city recently, with Chairman of the foundation Nur Mohammed and Chairman of Jamuna Bank Limited Eng. A. K. M. Mosharraf...

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