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Depositors desert BASIC with funds amid its merger troubles

Dhaka, May 11 -- Depositors are deserting the state-owned BASIC bank amid its merger troubles and the management seeks government intervention with bailout pending amalgamation with a private bank, so... Read More


Govt considers VAT exemption for recycled fibre industry

Dhaka, April 20 -- The government is considering exempting locally produced recycled fibre and its raw materials from Value-Added Tax (VAT) in a move to protect the industry and eventually reduce depe... Read More


E-commerce scandal: Default platforms yet to pay clients Tk 1.22 billion

Dhaka, April 19 -- The crisis-ridden e-commerce companies, including Eorange, are yet to refund an estimated amount of Tk 1.22 billion to the affected clients. The volume of clients' stuck-up funds w... Read More


Govt decides to raise Rupali Bank's capital base

Dhaka, March 22 -- Capital-deficient state-owned Rupali Bank's authorised capital is being bumped up from Tk 7.0 billion to Tk 25 billion to bolster its financial base and enhance clientele confidence... Read More


Govt initiates step to enlist reputed int'l suppliers

Dhaka, March 21 -- The government has made a move to prepare a list of renowned international suppliers for ensuring smooth supply of key essential products in the market to face any crisis or price s... Read More


BD bets on 'One Village One Product' strategy to aid handicraft export

Dhaka, March 19 -- The government looks to adopt the "One Village, One Product" (Ekti Gram, Ekti Ponno) strategy for branding Bangladeshi handicrafts at home and abroad, according to sources. It has ... Read More


Dhaka-New Delhi negotiation on CEPA to begin this year

Dhaka, March 1 -- Bangladesh and India are expected to start negotiations on the proposed Comprehensive Economic Partnership Agreement (CEPA) within this year, more likely by June next, officials have... Read More