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176 businesspersons to receive export sector CIP status

Government has selected 176 businesspersons as commercially important persons (Export) for their extraordinary performance in the country’s export business in 2018. The Ministry of Commerce on December 8 announced the names of the CIPs through a gazette notification, saying that the CIPs would enjoy some privileges from the government until the winners for 2019 are named. Of the 176 CIPs, ...

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Cheque dishonour case filed against Evaly Chairman, MD

Another customer of e-commerce company Evaly filed a case on Thursday against its Chairman Shamima Nasrin and her husband and company Managing Director (MD) and Chief Executive Officer (CEO) Mohammad Rassel. One Tofazzal Hossain filed the cheque dishonour case against the couple with the court of Dhaka Metropolitan Magistrate Begum Afnan Sumi. Recording the statement of the plaintiff, the court ...

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World Bank VP visits footwear cluster

World Bank Vice President for South Asia Region Hartwig Schafer on Wednesday visited the footwear microenterprises cluster at Bhairab in Kishoreganj. Under the Sustainable Enterprise Project (SEP), co-financed by The World Bank, Palli Karma-Sahayak Foundation (PKSF) is supporting the footwear-producing microenterprise cluster where around 200,000 pairs of footwear are manufactured a day. Bhairab is home to more than 10,000 footwear ...

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US boss fires 900 employees over Zoom

The boss of a US firm has been criticised after he fired around 900 of his staff on a single Zoom call. “If you’re on this call you’re part of the unlucky group being laid off,” said Vishal Garg, chief executive of mortgage firm Better.com, on the call, later uploaded to social media. Comments on social media said it was ...

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DU-ICE, KOICA begins journey of promoting young entrepreneurs in Bangladesh

Korea Cooperation International Agency (KOICA) and Creativity and Entrepreneurship (ICE) Center of the Dhaka University has started journey to promote young entrepreneurs in Bangladesh by implementing a project. The project on “Capacity Building of Universities in Bangladesh to PromoteYouth Entrepreneurship (PYE)” launched today at the Dhaka University Central Playground, the venue where the university is celebrating its 100 years centenary. ...

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OPEC+ alliance to increase oil production in January despite Omicron outbreak

Major oil producers decided Thursday to keep raising output levels in January, despite the Omicron coronavirus variant raising fresh questions over demand. The OPEC+ alliance led by Saudi Arabia and Russia had so far resisted US-led pressure to significantly boost output to rein in surging energy prices. Observers had expected the club to opt for a freeze in production for ...

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12kg LPG cylinder price lowered by Tk 85

The price of 12kg liquified petroleum gas (LPG) cylinder has been lowered to Tk 1,228 from Tk 1,313. Bangladesh Energy Regulatory Commission (BERC) announced lowering the price of 12kg LPG cylinder price on Thursday (December 2). The new price will be effective from Friday (December 3). In a press release, the BERC said prices of other LPG cylinders of different ...

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Remittance inflow drops to 18-month low in November

Bangladesh received (USD) $1553.70 million inward remittance in November, which is considered lowest in 18 months. Bangladesh Bank (BB) data shows that the expatriates sent $1553.70 million remittance in November 2021 compared to $2078.74 million in November 2020 amid the Covid-induced lockdown in almost all their host countries. According to the BB, in the first five months (July-November) of the ...

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Asian markets mostly up, oil rallies as virus and Fed hold attention

Asian markets mostly rose Wednesday while oil prices bounced as traders assess the outlook for the global economy after top drugs makers offered differing opinions on their vaccines’ efficacy against Omicron and the Federal Reserve took a hawkish pivot on monetary policy. A mild recovery from the previous two days’ steep losses was turned on its head in the region ...

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Meta ordered to sell Giphy by UK antitrust authorities

Meta has been ordered to unwind its recent acquisition of Giphy by regulators worried about the deal’s impact on competitors. The UK Competition and Markets Authority said on Tuesday that Meta’s control of the popular search engine for GIFs — short, looping videos and animations — would reduce competition between social media platforms and had already removed one potential rival ...

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