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Business
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World Bank for merger of BKB, RAKUB
Insists on timetable for divesting govt stakes in the specialised banks
The World Bank (WB) has suggested merger of two state-run specialised agricultural banks, Bangladesh Krishi Bank (BKB) and Rajshahi Krishi Unnayan Bank (RAKUB), for the banks' effective functioning as
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Patent act to be updated to boost medicine export
CA assures pharma industry
Chief Adviser Dr Fakhruddin Ahmed yesterday said his caretaker government (CG) would take step to update the age-old Patent Act to avail of the advantage of Bangladesh's LDC status to export medicines
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$1530m investment proposals from UK, Canada firms
Eight British companies and individuals have signed memorandum of understanding (MoU) with the Board of Investment (BoI) to invest in sectors like power plants, tourism, leather garments, food products,
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US seeks tougher WTO rules on subsidies
The United States called on the World Trade Organisation Monday to strengthen rules on subsidies during the current Doha Development Round of international trade negotiations.
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Reform World Bank, IMF
Says South African president
South Africa's president Thabo Mbeki called Sunday for the International Monetary Fund and World Bank to be more representative and accountable.
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UAE's amnesty to illegal workers
The United Arab Emirates has launched a three-month amnesty to allow illegal workers to regularise their situation or leave without facing penalty, the local press reported on Monday.
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Malaysia's April trade surplus down 9.4pc
Malaysia's trade surplus declined in April by 9.4 percent to 6.0 billion ringgit (1.76 billion dollars) from 6.63 billion during the same month a year ago, official data showed Monday.
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India, Brazil seek trade boost
Emerging economic powers India and Brazil pledged Monday to increase bilateral trade four-fold to 10 billion dollars in the next three years.
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Asia's IT trade show in Taipei today
The world's major technology firms are ready to display their cutting-edge products in Asia's biggest information technology trade fair here this week and generate multi-billion dollar business opportunities,
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Asia Insurance declares 12pc dividend
Asia Insurance Ltd at its seventh annual general meeting (AGM) has declared a 12 percent dividend for the shareholders. The AGM was held in Dhaka recently, says a press release.
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City Bank okays 10pc stock dividend
The City Bank Ltd has approved a 10 percent stock dividend, says a press release. The approval came at the 24th annual general meeting (AGM) of the bank held yesterday in Dhaka.
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Prime Bank MD reappointed
M Shahjahan Bhuiyan has been reappointed managing director of Prime Bank Ltd for another three years with effect from May 28, says a press release.
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New MD of Exim Bank
Kazi Masihur Rahman has been appointed managing director of Export Import (Exim) Bank of Bangladesh Ltd with effect from June 4, says a press release.
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StanChart workshop on Basel II
Standard Chartered Bank recently organised a knowledge-sharing workshop, where a number of issues regarding the implementation of Basel II in Bangladesh were discussed, says a press release.
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