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Business
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BB chief opposes govt's huge bank borrowing
Rules out fear about bad impact of monetary policy
The central bank will recommend to the government not to go for huge bank borrowing so that private sector investment flow is not discouraged, said Dr Salehuddin Ahmed, governor of Bangladesh Bank (BB).
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Indo-Bangla chamber makes debut today
Aims to reduce trade gap
In a bid to reduce huge trade gap and increase bilateral trade between India and Bangladesh, a joint chamber of commerce and industry between the two countries starts its journey today.
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Skill, quality seen key to boosting RMG sector
Speakers at a function here yesterday underscored the need for improving the quality of products through appropriate development of human resources in garments sector, the highest foreign exchange earner,
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Rupee appreciation hits Indians in Gulf
Continued appreciation of rupee against US dollar coupled with rising inflation in Gulf countries has adversely hit nearly five million Indians working in the region, with their salaries and savings taking
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Beijing protests US probe into China products
China strongly opposes US anti-dumping and anti-subsidy investigations into steel tubes and woven sacks imported from China, a spokesman with the Ministry of Commerce said on Friday.
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Low production may hit global food supply
UN report says
A decline in cereal production in several low-income food-deficit countries (LIFDCs) this year could lead to a tighter food supply situation with 28 countries facing serious food scarcity, according to
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Asia overtaking US as biggest auto market: GM
Asia is overtaking the United States as the largest market for auto sales, but the US will remain the more lucrative market for the next decade, a senior executive at General Motors said Thursday.
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US holds trade talks with Central Asian nations
In order to improve regional economic cooperation and expand US-Central Asia trade the United States has asked the Central Asian nations to identify ways to increase trade and investment opportunities
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US growth seen slowing
The US economy could be in for a sluggish spell in coming months as a downturn in the housing industry takes a deeper toll on businesses and consumers.
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Warid Telecom reaches 1m subscribers in 70 days
Warid Telecom has achieved one million active subscribers in just 70 days of operations, says a press release. This is the fastest subscriber growth by a mobile company in Bangladesh, added the release.
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Japan meets on imports amid China concerns
Japanese government and business leaders were holding an emergency meeting Friday to assess the safety of imported goods amid growing global concern about Chinese products.
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China raises interest rates
China decided to raise interest rates and cut the withholding tax on interest income on Friday in a coordinated move to get the blistering economy onto a healthier footing.
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AirAsia calls for opening of S'pore-KL route
Southeast Asia's biggest budget carrier AirAsia on Friday urged Malaysia to allow it to run two daily flights to Singapore to enable Kuala Lumpur become a "true" low cost hub.
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Gold price hits 2-month high
The price of gold jumped to the highest level since last week May owing to a sliding US dollar and surging oil prices, analysts said. On the London Bullion Market, gold prices rose to 674.
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