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Tiger Zinda Hai Day 2 collections: Salman, Katrina starrer surges close to Rs 100 crore

Salman Khan and Katrina Kaif starrer Tiger Zinda Hai had an extraordinary opening at the box office and is all set to enter the 100 Crore club soon. The day two collection figures of the Ali Abbas directorial are out and the figures speak for themselves why this movie was one of the most highly awaited films of 2017. Ending the year with a loud bang, Salman, Katrina, and Ali have all the reasons to smile! A ...

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BB must act to protect depositors’ interests

Although protecting depositors' interests is one of the key responsibilities of Bangladesh Bank, those interests are not being safeguarded, former BB governor Atiur Rahman alleged yesterday. "Entrepreneurs don't even supply 10 percent of the bank's deposits. Now the question arises what the central bank is doing to protect the interests of the depositors who supply 90 percent of the deposits," he said. "Eve ...

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AB Bank laundered Tk 165cr to UAE

The AB Bank has allegedly laundered around Tk 165 crore to the United Arab Emirates through two shady organisations in the name of investment, according to a Bangladesh Bank probe report. The board of directors of the AB Bank in December 2013 approved investment of $20 million in Singapore-based fundraising and investment company Pinnacle Global Fund Pte Ltd (PGF) through the bank's Offshore Banking Unit (O ...

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Ex-Krishi Bank official arrested for graft

The Anti-Corruption Commission (ACC) has arrested a former deputy general manager of Bangladesh Krishi Bank from his Uttara residence for allegedly embezzling over Tk 49 crore, reports. An ACC team, led by its deputy director Shamsul Alam, arrested former DGM of the bank's Karwan Bazar branch Md Iqbal Hossain Mollah from his house at about 2 am on Friday, ACC public relations officer Pranab Kumar Bhattachar ...

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Bangladesh to remain top destination for int’l retailers in RMG

Over next 5 yrs, Bangladesh to remain top destination for int'l retailers, says a global survey Bangladesh will remain the apparel sourcing hotspot for international retailers and brands over the next five years because of competitive prices and China's declining market share in garment business, says a global survey. McKinsey & Company, the world's most prestigious management consultancy firm, prepared ...

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Govt sells Tk 73.52bn of savings certificates in July

The Bangladesh government has sold Tk 73.52 billion in savings certificates in the first month of the new fiscal year, a 49 percent increase over the same period last year. However, savings certificate sales in July dropped 2 percent from June, the last month of FY2016-17. The government had previously announced it would decrease the interest rate on savings certificates from the start of the new fiscal yea ...

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Combating Natural Disasters: World Bank offers $250m soft loan to Bangladesh

The World Bank has offered a low-cost loan of $250 million to Bangladesh for tackling natural disasters. The loan is available from a new financing window, Catastrophe Deferred Drawdown Option (Cat DDO), of the global financial institution at an interest rate of 0.75 percent. It is repayable in 38 years, with a grace period of eight years. The WB made the offer to the Economic Relations Division (ERD) early ...

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BTRC moves to adjust mobile call rates

Bangladesh Telecommunication Regulatory Commission (BTRC) has made a surprise move to adjust mobile call rates which, will increase consumers' call expenditure by about 10 percent. At a Commission meeting on July 24, the regulator decided to propose a 40 percent hike in the minimum voice call rate within the same operator (on-net) and a 25 percent cut in the minimum call rate for other network (off-net), ac ...

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SDG’s 2030: Bangladesh needs additional $7b annual FDI

Staff correspondent For achieving the Sustainable Development Goals by 2030 Bangladesh will need around US$ 7.0 billion in additional foreign direct investment per annum over the next thirteen years. The amount is three times the FDI the country currently receives annually. Added up to its daunting task of arranging external funds for implementing the UN-mandated development recipe is pulling another amount ...

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BB heist report to publish after Philippines case ends: Muhith

Finance Minister AMA Muhith says he will make the Bangladesh Bank heist report public only after the lawsuit in Philippines ends. A panel led by former central bank governor Mohammed Farashuddin submitted its findings almost a year ago. "We can't release it until the lawsuit in Philippines is settled," Muhith told reporters in Sylhet on Saturday. Cyber criminals tried to steal nearly $1 billion from Banglad ...

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Editor: Sujan Halder Published by Shihab Bahadur 74 Concord Emporium Shopping Complex, 253-254 Elephant Road, Katabon, Dhaka. Phone: 02 9669617

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