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JS body unhappy at commercial wings’ failure

The parliamentary standing committee on commerce ministry on Wednesday blasted the ministry for failure in achieving export targets by commercial wings at Bangladesh missions abroad and asked the ministry to... Full story

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BB starts scrutinising 26 banks’ profit, asset quality

Bangladesh Bank has started inspecting 26 commercial banks including four state-owned banks for scrutinising their profit, classified loan and its provision, and rescheduling of classified loans, said central bank officials. The BB inspection... Full story

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Stocks inch up amid volatile trading

Dhaka Stocks inched up on Wednesday amid increasing turnover as a number of institutions became active following verbal instructions from the market regulators to keep the market afloat. Full story

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Scattered agri, food data creating problems in policymaking: Matia

Agriculture minister Matia Chowdhury on Wednesday said that scattered data and information on agriculture and food situation was creating problems in policymaking. ‘Information on private food stock still remain... Full story

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Private sector foreign loans double in 2012

Private sector foreign loans totalled over $1.49 billion in last year, which were almost double than the previous year’s figure, sources in the Board of Investment said. In 2012, 61 local private companies... Full story

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1,000 cos get VoIP licence

The Bangladesh Telecommunication Regulatory Commission on Wednesday allowed 1,000 companies to provide Voice over Internet Protocol service for the first time in the country. Full story

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ABB chief questions role of Bangladesh Fund

The Association of Bankers’ Bangladesh on Wednesday questioned the role of Bangladesh Fund, a mutual fund operated by state-run Investment Corporation of Bangladesh, in the backdrop of recent fall in turnover in the stock market. Full story

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BB opens Mymensingh branch

The Bangladesh Bank on Wednesday inaugurated its 10th branch in Mymensingh in a bid to monitor more than 600 branches of different commercial banks in the zone. BB governor Atiur Rahman inaugurated the branch as the chief guest while its... Full story

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Alcatel wins $1b deal with Reliance Comms

Telecom equipment maker Alcatel-Lucent SA has won an eight-year contract valued at more than $1 billion to manage Reliance Communications Ltd’s mobile and fixed networks in the east and south of India. Full story

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Yen extends rebound in Asian trading

The yen extended a rebound Wednesday following multi-week declines after Japan's economy minister warned the unit's freefall could jeopardise any recovery in the world's number three economy. Full story

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European stocks weaken on economic gloom, before US earnings

Europe's main stock markets slid on Wednesday as investor sentiment was hit by more gloomy economic news ahead of key US banking results from Goldman Sachs and JPMorgan, dealers said. Full story

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Oil prices up in Asian trade

Oil prices rebounded in Asian trade Wednesday on stronger US demand for heating oil but an impending showdown in the US Congress over the debt ceiling could limit gains, analysts said. Full story

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Foreign investment in China in first fall for 3 years

Foreign direct investment in China declined for the first time in three years in 2012, official data showed on Wednesday, amid economic turmoil in developed markets and a slowdown at home. Full story

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Singapore, Hong Kong look to cool not kill property markets

Singapore and Hong Kong now have identical 15 per cent levies to slow the foreign money that has added fuel to their overheated property markets - measures that will help first-time buyers but throw the spotlight on investors’ next targets. Full story

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India needs greater financial supervision, liberalisation: IMF

India needs to improve its financial system supervision and crisis preparedness while at the same time liberalising some sectors to reduce distortions and risks created by heavy state involvement in banking, the International Monetary Fund... Full story

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Southeast Bank gets new DMD

Southeast Bank senior executive vice-president AKM Nurul Alam has recently been promoted to the rank of deputy managing director of the bank. Nurul Alam joined the bank in 2004, said a news release. He, however, started his career as... Full story

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