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Economist sees no peaceable way out in Bangladesh

The Economist in its latest issue commented that it is unclear whether there is any peaceable way out in Bangladesh. An article of the London-based news magazine titled ‘Politics in Bangladesh on the boil,’ said an adviser to Mrs Zia thinks a UN-monitored election would be one possibility. However, the UN squandered much of its credibility in this context during ...

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Blockade, hartal cripple shrimp exports

The exports and production of shrimp have been severely affected by the ongoing political turmoil. Over 10,000 tonnes of shrimp, the market value of which is estimated at Tk. 1,452 crore, are lying in warehouses across the country. Exporters, including local buyers, are not much interested in buying shrimp from farmers, as they fear the items would not be transported ...

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BB to assess loss caused by political violence

Bangladesh Bank (BB) will assess the loss to the political violence during the ongoing countrywide blockade and recurring hartals, a central bank official told BSS  yesterday. “The central bank will assess the losses on monthly basis and will compare the current situation with the cost of political violence that the country saw in 2013”, BB executive directive M Mahfuzur Rahman ...

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Canada urged to jack up B’desh imports

Foreign Secretary Md. Shahidul Haque has called upon the Canadian government to increase imports of Bangladeshi ships, ceramics, pharmaceuticals, electronics and IT products. He highlighted the congenial investment atmosphere prevailing in Bangladesh and laid the importance on having a Foreign Investment Promotion and Protection Agreement (FIPA) with Canada, according to a statement. The Foreign Secretary made the call during a ...

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House price inflation still strong, says ONS

House prices in the UK rose by 9.8% in the year to December, according to the Office for National Statistics (ONS). That was slightly lower than November’s rate, which stood at 9.9%, but prices were still growing “strongly”, the ONS said. Prices rose fastest in England at 10.2%, and by 5.5% in Scotland, 4.9% in Northern Ireland and 4% in ...

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UK services growth picks up in January

UK manufacturing growth picks up UK economic growth hits 2.6% in 2014 The UK’s service sector expanded faster than expected in January after a relatively slow pace of growth in December, a survey has suggested. The purchasing managers’ index from Markit/CIPS rose to 57.2 in January compared with December’s reading of 55.8, which was a 17-month low.A figure above 50 indicates expansion.Markit ...

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Finance ministry to apprise PM of latest state of economy today

The Ministry of Finance (MoF) is set to apprise Prime Minister Sheikh Hasina today (Thursday) of the latest state of the country’s economy, particularly in relation to revenue-mobilisation performance, budget spending and investment scenario.Officials concerned hinted that the impact of the ongoing political impasse, especially on the revenue mobilisation and investment, might be highlighted in the presentation at a meeting.High ...

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£100 MILLION TO PROPEL FUTURE OF AEROSPACE INDUSTRY

Government backed projects that include Formula 1 experts teaming up with jet engine makers, and aircraft landing gear that could cut carbon emissions were announced by Business Secretary Vince Cable today.The ambitious plans are part of a £100 million boost for UK aerospace that includes £20 million of investment in the skills that will take the sector to new heights ...

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UKBCCI celebrates the New Year

UK Bangladesh Catalyst of Commerce and Industries has celebrated the New Year in a festive mood along with a network meeting.   A number of business organisations across the UK, community leaders and journalists took part in the New Year celebration and networking meeting and wished a successful and active future for the organisation. The celebration and networking meeting took place ...

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Pay from own purse, if taxing project aid barred Govt asks executing agencies of foreign-funded projects

Agencies executing the foreign-funded projects in Bangladesh will be liable to pay taxes from their own coffers if deduction of tax from the project funds is barred under deals signed with providers of funds, according to a latest government decision. Under the existing rules, the implementation agencies of foreign-funded projects have to deduct taxes while making payments to any foreign ...

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