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Current News

$1 billion loan: ADB vice-president to reach Dhaka tonight for discussion

Ashok Lavasa, vice-president of Asian Development Bank (ADB), will arrive in Dhaka tonight to discuss Bangladesh’s requirement of USD 1 billion in loan assistance for budget implementation, Economic Relations Department (ERD) sources have said. Lavasa, in-charge of Private Sector Operations and Public-Private Partnerships, will meet the planning minister and foreign …

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Private sector working to implement environment-friendly industrialization: FBCCI President

President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Md. Jashim Uddin has said the private sector is working with the government of Bangladesh to implement environment-friendly industrialization. He made this remark during a roundtable discussion on “Financial and Professional Services – the role of standards and …

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BB injects Tk 4,000cr into 5 Islamic banks

Five Islamic banks yesterday borrowed nearly Tk 4,000 crore from Bangladesh Bank right after a liquidity support arrangement was offered by the central bank to cash-strapped Shariah-based banks. The fiver are Islami Bank Bangladesh, Social Islami Bank, First Security Islami Bank, Global Islami Bank and Union Bank, said a senior …

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Leather maintains healthy export growth despite global crisis

Despite the raging global economic crisis, Bangladesh’s leather and leather products sector witnessed a 17.56 per cent year-on-year growth in export earnings in the first five months of the current fiscal year on the back of orders shifting away from competitors. In July-November, exporters earned $537.50 million from the shipment …

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