The Bangladesh Bank has given permission to four private business entities to invest $10 million in foreign countries, in a major leap forward for reining in capital flight alongside easing global marketing of local products. One of the permitted companies, Square Pharmaceuticals Limited, a subsidiary of Square Group, will invest $1 million in The Philippines,
A Chattogram court today issued a rule barring the managing director of Ratanpur Steel Re-Rolling Mills Ltd (RSRM) from leaving the country in connection with a case filed for defaulting loan of Tk 312.82 crore.
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