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BB loosens the leash on banks’ stock exposure

The central bank has widened banks’ scope to invest in the stock market and infrastructural fund as the government looks to put a pause on the longer than usual bear run. The DSEX, the benchmark index of the premier bourse, lost 774.55 points, or 13.07 percent, in the last three months.

Govt to be tough on money laundering

The government will take strong measures to prevent money from being laundered through over-invoicing and under-invoicing, Finance Minister AHM Mustafa Kamal said yesterday. Money laundering mainly takes place through banking and customs systems, he told reporters after a meeting of the national coordination committee related to prevention of money laundering.

Chinese firm to invest $33m in agro-processing sector: envoy

A Chinese company plans to invest US$ 33 million in Bangladesh’s agro-processing sector, Chinese Ambassador in Dhaka Zhang Zuo said yesterday. He spoke during a meeting with Agriculture Minister Abdur Razzaque at the secretariat. Zhang said the Chinese firm will set up three agricultural processing industries in Bangladesh.

Tk 150cr budgetary allocation sought for women-friendly economic activities

Women entrepreneurs yesterday proposed allocating Tk 150 crore in the upcoming budget for the development of women-friendly economic activities. They also demanded access to loans without collateral, easing loan processing and lessening interest for women entrepreneurs.

Japan weighing downgrade of economic view, raises doubt on higher sales tax

Japan’s government is considering downgrading its assessment of the economy next week as the intensifying Sino-U.S. trade war takes a toll on exports and factory output, a government source with direct knowledge of the matter told Reuters on Thursday. A downgrade in the crucial monthly report

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