Local investors concerned about tax hike on paint industry
Local investors in the country's paint industry are deeply perturbed at the recent tax hike, fearing significant disruptions to their business plans midway through the year. They have urged the government to reconsider the decision of the hike emphasising the need for support amid the current political and economic turmoil.The...
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Singer Bangladesh launches Home Appliances Plant in BSEZ
Singer Bangladesh Limited, a subsidiary of Beko, a flagship of Türkiye's Koç Holding, held the 'Grand Opening Ceremony' of its state-of-the-art Home Appliances Plant on Thursday. The opening ceremony was attended by Executive Chairman of Bangladesh Economic Zones Authority (BEZA), Chowdhury Ashik Mahmud Bin Harun, as the Chief Guest, while...
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SPM operation to face further delay
CHATTOGRAM, Jan 31: The operation of the Single Point Mooring (SPM) will face a delay until the end of this year due to the open tender method (OTM).Sources said the government would not give the contract to the Chinese company China Petroleum Pipeline Engineering Company Limited (CPPEC) and has decided...
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Russian banks reap record profits in 2024, helped by high rates and loan growth
MOSCOW, Jan 31 (Reuters): Russian banks made record annual profits of 4 trillion roubles ($40.7 billion) in 2024, the central bank said on Thursday, as Russia's financial sector continued to rebound from sanctions, riding a wave of high interest rates and solid loan growth.The central bank's high key rate, now...
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Italy blocks access to Chinese AI app DeepSeek
MILAN , Jan 31 (AP): Italy's data protection authority on Thursday blocked access to the Chinese AI application DeepSeek to protect users' data and announced an investigation into the companies behind the chatbot.The authority, called Garante, expressed dissatisfaction with DeepSeek's response to its initial query about what personal data is...
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