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China to invest 10 million US dollars in Mongla EPZ

Chinese Company M/s. Y & F Healthcare Ltd. will invest US$ 10 million in Mongla Export Processing Zone (EPZ) to produce diversified products in medical sector. In the presence of Executive Chairman of Bangladesh Export Processing Zones Authority (BEPZA) Major General S M Salahuddin Islam, member of BEPZA Zillur Rahman and Managing Director of M/s. Y & F Healthcare Ltd ...

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Emirates introduces fourth daily flight to Dhaka

Emirates on Monday declared that it would add a new daily flight between Dhaka and Dubai considering the increasing trend of Bangladesh’s international travelers, reports BSS. “The fourth daily flight will be operated from June 1, 2020 by a Boeing 777-300ER aircraft with 42 business class and 310 economy class seats,” Emirates’ Bangladesh Country Manager Saeed Abdulla Miran told reporters ...

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BB eases credit card restrictions for online use

Photo: Courtesy Bangladesh Bank on Sunday withdrew its restriction on buying products online from international market place using credit cards. A circular issued by the central bank’s Foreign Exchange Policy Department (FEPD), said that to bring further simplification in online transactions, it has been decided to waive Online Transaction Authorization Form (OTAF) formalities for online payments abroad through international cards ...

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Onion woes continue amid further price hike

President pushes for onion boycott to teach hoarders a lesson Photo: Onion traders sleeping at Karwanbazar wholesale market for lack of buyers on Nov 18, 2019. Despite its huge import, the price of onion saw a further rise by Tk 15-20 both at the wholesale and retail markets in the capital on Saturday with traders blaming it on a high ...

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Japan court allows Nissan ex-chair Ghosn to talk with wife

Nissan’s former Chairman Carlos Ghosn is being allowed to talk to his wife after an eight-month ban on such contact while he awaits trial on financial misconduct charges, reports AP. Prosecutors had argued contact between him and Carole Ghosn ran the risk of tampering of evidence and fabricated story lines. Defense requests to let the couple communicate were rejected six ...

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Donald Trump praises Apple chief Tim Cook’s ‘great job’

US President Donald Trump toured Apple’s Texas manufacturing plant Wednesday in a visit marking a brief truce in the White House war on Silicon Valley and an unlikely “bromance” with chief executive Tim Cook, reports AFP. “He is a very special person as far as this country is concerned,” Trump said of Cook as they stood side-by-side, adding that he’s ...

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bKash asks distributors to remain compliant

bKash, the largest mobile financial service provider of the country, reiterated on strict enforcement of anti-money laundering and combating the financing of terrorism (AML&CFT) laws at the annual distributors’ conference in Dhaka recently. The “Annual Distributors’ Meet 2019” was held at the hotel InterContinental Dhaka  participated by more than 200 distributors across the country to train and motivate everyone to ...

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China to raise retail fuel prices

China will raise the retail prices of gasoline and diesel from Tuesday, the country’s top economic planner said Monday. Based on recent changes in international oil prices, the retail prices of gasoline and diesel will rise by 70 yuan (about 10 U.S. dollars) and 65 yuan per tonne, respectively, according to the National Development and Reform Commission. Under the current ...

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Saudi Aramco to sell 1.5% stake, valuing company up to $1.7T

Saudi Arabia’s state-owned oil giant Aramco announced Sunday it will sell a 1.5% stake in the company as it looks to raise as much as $25.6 billion from the sale. The newly released figures also revealed a valuation for the company that’s between $1.6 trillion and $1.7 trillion, a figure that fell short of the $2 trillion mark Crown Prince ...

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Stocks end week of milestones at new highs; Dow tops 28,000

Wall Street closed out the week with more milestones Friday as the Dow Jones Industrial Average crossed 28,000 for the first time and the S&P 500 and Nasdaq hit record highs. Health care and technology stocks powered most of the broad rally, which helped drive the S&P 500 to its sixth straight weekly gain. The Dow extended its streak of ...

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