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Business
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Funding for SoE, NCB reforms likely next year
Donors' appraisal mission to visit in December
The proposed funds from the World Bank (WB) and other donor agencies for restructuring the nationalised commercial banks (NCBs) and state-owned enterprises (SoEs) are likely to be available early next
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Weavers seek resumption of 25pc cash incentives
Handloom Products Export Fair 2003 begins
Handloom product manufacturers yesterday demanded of the government to resume 25 per cent cash incentive for the weavers to facilitate export of the products.
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Dollar strong against taka
The US dollar remained strong against the Bangladesh taka on higher demand from importers yesterday and gained against the euro as evidence of US growth gathers pace, dealers said.
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Urban Design, IDLC sign deal
Clients of Urban Design and Development Limited (UDDL), a developer, will enjoy home loans facilities from Industrial Development Leasing Company of Bangladesh Limited (IDLC), a financial institution.
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Repo auction
The reverse Repo auction of Bangladesh Bank for commercial banks and financial institutions was held here yesterday.Two bids of 2-day tenor amounting to Tk 235 crores were received and accepted.
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Call money rate low
The inter-bank call money rate was very low yesterday as most banks had surplus funds, fund managers said. The call money rate touched its low at 3.
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US consumers cheerier, jobs may be turning
The mood of American consumers brightened a little in October, after they took a break from spending last month, according to reports on Friday that pointed to growth moderating from the breakneck pace
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S'pore pursuing trade pact with China
In a bid to enlarge its web of free trade agreements (FTAs), Singapore has asked China if it is interested in a bilateral pact, Trade and Industry Minister George Yeo told The Straits Times yesterday.
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