Apple, India wrangle over import tax on mobile parts

Apple Inc. has asked India to postpone the expected increase in import taxes on mobile phone parts so that it can expand its iPhone-making in the country, but the government is unlikely to adhere to it. The American technology giant has been in talks for several months with Indian officials, seeking "pre-requisites" – tax cuts […]

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Foreign funds in stocks double| The Daily Star

Foreign investors' participation in the stock market nearly doubled in November compared to the previous month, as price indices rebounded after the central bank's October action against overexposed banks. The monthly business turnover of the foreign portfolio was set at 1,253.43 crores last month against 642 crores in October, according to data from the Dhaka […]

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Fed to hike interest rates as Trump tax cut looms

The US central bank is set to raise the benchmark interest rate this week, looking to move ahead of price increases that, though absent up to now, should still materialize. It would be the third rate hike this year, expected by economists and traders, and hinted at by policymakers, even though official data show that […]

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NRB Commercial restructures board | The Daily Star

NRB Commercial Bank has restructured its board of directors as part of an initiative that should help restore the confidence of business banks and depositors with respect to the bank . The development comes after the Bangladesh Bank advised the four-year bank to reform its board of directors, said a number of BB officials yesterday […]

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Summit to supply 300 MW by mid-2018

The Gazipur II Power Summit Ltd. yesterday signed a project agreement with the government to provide 300 MW of electricity for a period of 15 years. Nasrul Hamid, Minister of State for Power and Energy, was present at the signing ceremony at Bidyut Bhaban in Dhaka. According to the agreement, Summit Gazipur II Power Ltd. […]

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Debt-laden Lankan port handed over to Chinese owner

Sri Lanka handed Saturday a deepwater port to a Chinese company, under an agreement to revive the island 's cash – strapped finances, which raised concerns at home and abroad. The $ 1.12 billion deal announced for the first time in July allows a Chinese state-owned company to take control of the southern port of […]

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Bangladesh should embrace Internet of Things: experts

Bangladesh should adopt the "Internet of Things" because it can help the country effectively maintain key infrastructure, properly manage traffic and boost economic growth, experts say. The IoT can immediately improve the management of city traffic, increase agricultural production and maintain important infrastructure, they said at a seminar at Digital World on Friday. For example, […]

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EU, Japan close gigantic free trade deal

The EU and Japan announced Friday that they have concluded negotiations for a giant free trade agreement while "fighting the temptation of protectionism", in an apparent message to US President Donald Trump . The trade agreement, which the European Union has described as more important than ever, still needs to be signed and ratified by […]

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