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Revenue deficit widens despite modest growth

A modest rise in revenue collection in the first six months was not enough to narrow the widening deficit between actual receipt and the ambitious revenue target set for ongoing FY2021 marred by the Covid-19 pandemic. The government’s revenue deficit compared to the collection target expanded to Tk 317 billion during July-December period of FY21, while the year-on-year revenue growth ...

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Beckhams pay themselves £21m for sports, media business

David and Victoria Beckham have paid themselves £21m from their sports and media business since 2019, according to the their latest accounts. This is despite continued heavy losses at Ms Beckham’s fashion business, where trade has worsened during the pandemic. Profit at David Beckham Ventures Limited (DBVL), the brand management firm owned by the former footballer and his wife, fell ...

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WALTON Director Mahbub Alam Mridul no more

WALTON Group Director Mahbub Alam Mridul has died of cardiac arrest in a city hospital. He was 23. He breathed his last at Evercare Hospital in Bashundhara Residential Area in the capital around 6:23pm Thursday. Mridul was born at Gosai Joair village in Tangail on January 25, 1997. His father SM Shamsul Alam is Vice-Chairman WALTON Hi-Tech Industries Ltd. The ...

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UK misses Trump deal in Airbus-Boeing tariffs dispute

Britain failed to strike a deal with Donald Trump ahead of his departure as US president on a tariffs dispute between European planemaker Airbus and US rival Boeing, the UK government said Wednesday. The UK said it hoped to find an agreement with Trump’s successor Joe Biden. A 16-year spat over subsidies for Airbus and Boeing turned increasingly sour during ...

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26th Dhaka International Trade Fair ‘postponed’

The 26th edition of Dhaka International Trade Fair (DITF) has been postponed due to Coronavirus pandemic. The decision was taken after Export Promotion Bureau (EPB), the organising authority, failed to get Prime Minister’s Office’s nod over the issue. Earlier, EPB sought the high up’s nod over holding the fair which was scheduled to begin on March 17. Dr Md Zafor ...

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Rupee rises 13 paise to 73.15 against US dollar in early trade

The rupee appreciated 13 paise to 73.15 against the US dollar in opening trade on Tuesday as positive domestic equities and weakness in the American currency boosted investor sentiment. At the interbank forex market, the domestic unit opened at 73.16 against the US dollar and inched higher to 73.15 against the greenback, registering a rise of 13 paise over its ...

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US-Bangla begins Dhaka-Dubai flight from Feb 1

US-Bangla, the largest private airline in Bangladesh, is going to start flights from February 1, 2021 to Dubai. US-Bangla will operate seven flights in a week from Dhaka to Dubai. Initially seven flights will be operated for Dubai from Dhaka. Every Monday, Thursday, Friday and Sunday the flight will start for Dubai from Dhaka at 06.30pm and will reach there ...

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Finance Ministry’s coordination council meets to set priorities, parameters

The government plans to focus on nine areas of emphasis, including successful implementation of the COVID-19 stimulus packages announced by the prime minister, and ensuring additional allocation to boost the health sector with incentives and compensation, in formulating the budget for the 2021-22 fiscal. The other prioritised pockets for the next fiscal are likely to be ensuring monetary allocation for ...

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Post-Brexit customs systems not fit for purpose, say meat exporters

UK meat exporters have claimed post-Brexit customs systems are “not fit for purpose”, with goods delayed for hours, sometimes days, at the border. The British Meat Processor Association said even experienced exporters were struggling with the system. It said meat exports to the EU were 25% of normal levels for this time of year. One large French meat importer told ...

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New York City is latest to cut Trump business ties

New York City said it will cut business ties with the Trump Organization, joining a growing list of corporations turning their back on the twice-impeached president. Mr Trump is facing a backlash both personally and politically following last week’s riots at the US Capitol. The Trump Organization has contracts with New York City to run two skating rinks, a carousel ...

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