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Increase of excise duty for air transportation

As per SRO No-129-Law/2015/314 Excise Duty has been increased with effect from 04 June 2015 as per following table: Sector (Single Journey) Increased Amount Current Duty Amount Domestic (BD) TK. 200 TK 500 SAARC countries TK. 200 TK  500 Asian countries TK.500 TK 1000 Others TK.500 TK 1500 Passengers who have purchased their tickets without paying the increased Excise Duty ...

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Oil prices bounce back in Asian trade

ced back in Asia Thursday as investors weighed a rise in US crude inventories and production against a forecast by OPEC’s chief of rising demand. US benchmark West Texas Intermediate for November delivery climbed 23 cents to $48.04 and Brent crude for November gained 21 cents to $51.54 in late-morning Asian trade. Prices tumbled Wednesday after a US Department of ...

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Seamark’s Iqbal Ahmed wins Business Person of the Year in 2015

Ansar Ahmed Ullah ::   The global success of the Seamark organisation was recognised once again when its CEO and Chairman Iqbal Ahmed OBE won Business Person of the Year in the prestigious Asian Achievers Awards on Friday, 18th September, at the London’s Grosvenor House Hotel, Park Lane Mayfair. Before a star-studded audience, Iqbal Ahmed was presented with his coveted ...

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New supermarket to bring jobs and growth to Roman Road

A new Tesco Metro was welcomed to Roman Road in Bow on Thursday by residents and the Mayor of Tower Hamlets, following an announcement that 31% of the new jobs have been secured by local long-term unemployed residents. Mayor John Biggs cut the ribbon to open Roman Road’s new supermarket at 12.30pm during an opening ceremony which was also attended ...

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Robi, Airtel initiate discussion for joining

Axiata of Malaysia, parent company of cellular phone operator Robi, and India’s Bharati Airtel have started “exclusive discussions” to merge their operations in Bangladesh eying to be the country’s second-largest operator after GrameenPhone. “Axiata Group Berhad and Bharti Airtel wish to announce they have entered into an exclusive discussion to explore the possibility of combining the business operations of their ...

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Oil prices up in Asian trade

Oil prices edged higher in quiet Asian trade Wednesday as dealers set aside weak Chinese trade data and looked ahead to the release of a US stockpiles report, analysts said. US benchmark West Texas Intermediate for October delivery gained 22 cents to $46.16 while Brent crude for October rose 24 cents to $49.76 in late-morning trade. “We are seeing trading ...

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Nikkei soars 7.71% in biggest one-day jump since 2008 financial crisis

Tokyo’s benchmark index rocketed 7.71 percent on Wednesday, leading an Asian equities rally in its biggest one-day jump since late 2008 during the global financial crisis when markets were hit by wild volatility. The Nikkei-225 at the Tokyo Stock Exchange soared 1,343.43 points to 18,770.51 by the close, while the broader Topix index of all first-section shares jumped 6.40 percent, ...

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Facebook business pages closer to becoming online shops

Facebook pages moved closer to replacing small business websites Tuesday, announcing features designed to make it easier for shops to hawk their wares. Changes to business pages at the leading social network included raising the profile of features that allow customers to take actions such as booking an appointment or browsing, and allowed for more customized approaches to layouts. “We’re ...

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Dubai property developers upbeat despite falling prices

Dubai property developers are still turning out some larger-than-life projects even though prices are heading south again after clawing back a good chunk of their losses in the 2008 crash. The Gulf emirate’s annual Cityscape property fair opened Tuesday with developers foreseeing price declines of about 15 percent this year, yet confident there would be no return to the days ...

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