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Apple and Amazon sales up despite rising prices

Amazon and Apple posted better than expected sales, reassuring investors that the tech giants will be able to weather slowdowns in global economies. Amazon forecast in a trading update that higher fees for its Prime membership would boost its bottom line, while Apple said demand for its all important iPhone remained strong. Both firms said they were making progress controlling ...

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Mongla Port witnesses first RMG export thanks to Padma Bridge

A foreign ship named Maersk Nesna left the Mongla Port in Bagerhat for Poland with Bangladeshi readymade garment (RMG) products for the first time after the launching of the Padma Bridge. Maersk Nesna, a Panama-flagged ship, left the port around 11:30am on Thursday with 17 containers of 27 garment factories. This is the first export shipment of readymade garments to ...

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No London-Bangkok British Airways flights until 2023

The airline was initially scheduled to resume London-Bangkok flights in November after suspending flights since December last year due to low demand, IANS reported. Tourism operators were hoping the airline would resume flights to Bangkok during the high season, but travel news agency TTG Media said Thailand is not high on BA’s list for flight resumption. This is because this ...

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Gold price raised by Tk 1,314 per bhori

Jewellers have increased the price of gold by Tk 1,314 to Tk 78,530 per bhori (11.66 grams) in the local market on the ground of price hike in the international market. The new price chart will be effective from Wednesday. According to the Bangladesh Jewellers Samity (BAJUS), each bhori of 22-carat gold was fixed at Tk 78,530 which was sold ...

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Bangladeshi firms get huge response in Texworld USA

Bangladeshi companies witnessed huge responses from buyers at the ‘Texworld USA Summer 2022’, and the representatives of the companies were busy during the show with trade inquiries from USA and other countries. “A total of six Bangladeshi fabrics, garments and home textile manufacturers participated at the tradeshow in the USA that was held in New York on July 19-21. The ...

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Hilsa fishing booms

Fishermen are now very busy netting hilsa fish in the southern river basin as the 65-day ban on catching and selling the popular fish ended on Saturday midnight. Fish traders and workers of different fish markets, including Chandpur market, has increased fish business through importing a huge quantity of hilsa fish. After Saturday midnight, fishermen started to catch the fish ...

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Tax return proof mandatory to invent more than 5 lakh in savings certificate

The government has made submission of income tax return proof mandatory for investing more than five lakh in savings certificate and to open account in post office savings bank. The information came from a circular sent from Debt Management Division of the Bangladesh Bank to Chief Executives of all banks on July 25. The central bank has given directive to ...

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Forex reserve: Why $10 billion in 2010 was not a worry, but $40 billion today is

Economists have expressed concern just after Bangladesh’s foreign exchange reserves slipped below $40 billion, even though that should be capable of meeting six months import payments, based on imports for the immediate past fiscal. Such concern was not seen 12 years ago, when Bangladesh’s forex reserves were only $10.60 billion in the FY2010 (2009-10 fiscal). That is roughly the same ...

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ADP execution rebounds to pre-Covid level

Annual Development Programme (ADP) implementation rebounded to nearly pre-covid level in the just-concluded 2021-22 fiscal year after a two-year slowdown by the pandemic. ADP executing ministries and divisions could spend Tk 2,037.65 billion to post an overall 92.79 percent implementation performance last fiscal, according to a draft report of IMED. ADP performance tumbled to 80.39 percent in FY20 when Bangladesh ...

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Wheat prices fall to level last seen before Ukraine invasion

Wheat prices tumbled Friday, retreating to levels last seen prior to the Russian invasion of Ukraine following a landmark agreement to unblock Ukraine’s Black Sea grain exports. In Chicago, the price of wheat for delivery in September dropped 5.9 percent to $7.59 per bushel, which is equivalent to about 27 kilograms and the lowest close since Russia invaded its neighbor ...

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