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ADB pegs Bangladesh’s GDP at 6.8% this fiscal

The Asian Development Bank (ADB) has revised Bangladesh’s growth forecast for the current fiscal amid fears of a third wave of the Covid pandemic. In its latest report, the regional lender has pegged Bangladesh’s gross domestic product (GDP) growth at 6.8 percent in the current fiscal. GDP is a monetary measure of the market value of all the final goods ...

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BGMEA wants to increase RMG exports to Canada

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan has sought support from the Bangladesh envoy in Canada to increase the country’s share of apparel exports in a potential market like Canada, especially in the area of high-end and diversified apparel products. He met Bangladesh High Commissioner to Canada Dr Khalilur Rahman in Ottawa recently and discussed relevant issues. ...

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Nationwide CNG stations to remain closed for 4 hrs from today

As per the government’s direction, CNG filling stations across the country will remain closed from 6pm-10pm every day from Sunday. The decision was taken at a meeting held at the Ministry of Energy and Mineral Resources on September 15 to increase gas supply for power generation. On September 13, the Energy and Mineral Resources Division had said in a press ...

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E-commerce firms like Evaly, E-orange to face stern action: DMP

Stern action will be taken against e-commerce firms like Evaly and E-orange, said AKM Hafiz Akhter, additional commissioner (DB) of Dhaka Metropolitan Police (DMP). “There are many organisations which are involved in fraudulence like Evaly and E-orange organisations. They are involved in cheating customers through offering prices lower than the market prices. Investigations are on and action will be taken ...

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BSCIC launches e-commerce platform

The Bangladesh Small and Cottage Industries orporation (BSCIC) has launched an e-commerce platform enabling local entrepreneurs to sell different products in the domestic and global markets. Industries Minister Nurul Majid Mahmud Humayun inaugurated the platform at a hotel on Thursday evening, said a press release on Friday. State Minister for Industries Kamal Ahmed Mojumder, State Minister for Information and Communication ...

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Evaly chairman, CEO placed on 3-day remand

A Dhaka court on Friday placed e-commerce company Evaly chief executive officer (CEO) Mohammad Rassel and his wife and company Chairman Shamima Nasrin on three-day remand each in a case lodged over embezzlement of customer’s money. Dhaka Metropolitan Magistrate Atiqul Islam passed the order as police produced the couple before the court and investigation officer (IO) and Gulshan Police Station ...

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British High Commission Webinar: Strengthening capital markets to spur business growth and job creation in Bangladesh

On 15 September the British High Commission in Bangladesh organised a webinar titled “Bangladesh Capital Markets: A New Frontier”. Mr M A Mannan, the honourable Minister of Ministry of Planning, Government of Bangladesh, attended as the Chief Guest. He was joined by Ms Rushanara Ali, Member of the UK Parliament and the UK Prime Minister’s Trade Envoy for Bangladesh. The ...

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Evaly’s chairman Russel, wife sued by customer

A case has been filed against Evaly managing director Mohammad Russel and chairman Shamima Nasrin on charge of fraudulence to a customer. A customer named Arif Baker, who gave Tk over 3 lakh to the Evaly for product, filed the case with Gulshan Police Station on Wednesday night against them. Arif and his friends ordered the e-commerce platform for some ...

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India launches $3.5 bn incentives for green cars

India will splash 257 billion rupees ($3.5 billion) on incentives for the auto sector to boost production of clean cars, the government said Wednesday, as it seeks to cut greenhouse gas emissions as part of the Paris climate accord. The push for electric vehicles is also fuelled by the need to reduce pollution, with major cities in the nation of ...

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Per capita foreign debt now stands at Tk 24,890: Kamal

Finance Minister AHM Mustafa Kamal on Wednesday said the per capita foreign debt of Bangladesh citizens is now Tk 24,890. The minister revealed this information in parliament while replying to a tabled question from Awami League MP Didarul Alam from Chittagong-4, reports UNB. The finance minister said the current foreign debt now stands at US dollar 49,458 million. According to ...

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