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State banks sit with most default loans

Eight state-run banks accounted for more than half of the Tk 88,589 crore default loans in the banking sector at the end of the first quarter of 2018 as their unbridled indiscipline continues to weigh down the entire industry.


All garment workers paid

All the garment factories, irrespective of their affiliation with the BGMEA and BKMEA, have paid workers' salaries and festival bonuses as of yesterday, dispelling apprehension that some might not be able to do so ahead of Eid-ul-Fitr, according to factory owners.

Govt will now go for direct procurement

The government has backtracked on its stance of going for a limited tendering for its billion dollar digital connectivity project to be bankrolled by Exim Bank of China.

Software makers in a tight corner

Local software developers have expressed concerns about the budget proposal that cut duty on imported software, saying the measure will help foreign products flood the Bangladesh market at the expense of domestic ones.

Microsoft offers charitable pricing for nonprofits

Microsoft has recently introduced charitable pricing for the nonprofit organisations in Bangladesh in line with its “Technology for social impact” initiative.

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