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PDB to expand its business drive to 20 more towns
November 30, 2000
Dhaka-- (UNB)- Success in taming system loss and raising revenue in two towns under a new campaign prompted PDB to expand its strategic business drive to 20 more towns.
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Asian Development Bank (ADB) approves two loans
November 30, 2000
Dhaka-- (UNB) - Asian Development Bank (ADB) yesterday approved two loans amounting to US$ 94 million for improving nationwide roads in Bangladesh to help accelerate economic activity.
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Fertilizer factory to be set up in northern region
November 30, 2000
Dhaka-- (UNB) – Parliamentary Standing Committee on Government Assurances directed the concerned authorities to take effective measures for setting up a fertilizer factory in the country’s northern region.
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In-fighting in FBCCI!
November 30, 2000
Dhaka-- (UNB)- An FBCCI member yesterday alarmed the business community of a plot to co-opt a disputed person as director in the post vacated by Selima Ahmed.
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Slight gain in DSE benchmark
November 30, 2000
Dhaka-- (UNB) – Trading at Dhaka Stock Exchange closed higher yesterday (Wednesday) posting a slight gain in its benchmark.
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CSE All Share Price Index gained 2.57 points
November 30, 2000
Chittagong-- (UNB) – The main index at Chittagong Stock Exchange finished higher yesterday (Wednesday) as the gainers dominated the losers.
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Spot export orders received at BATEXPO2000 increased by 11 per cent
November 25, 2000
Dhaka (UNB) – Spot export orders for readymade garments received at BATEXPO 2000 increased 11 per cent to USD 48.30 million compared to the previous year’s apparel show.
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Britain will help Bangladesh & other LDCs in getting access to EU
November 25, 2000
Dhaka (UNB) – Britain assured Bangladesh and other least developed countries all cooperation in getting market access to the European Union as per a recent EC resolution.
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British investors ready to undertake ventures here
November 24, 2000
Dhaka-- (UNB)- British investors, including non-resident Bangladeshis, expressed their readiness to undertake ventures in Bangladesh as they are convinced of favourable investment climate here.
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Bangladesh should protect local industry & service
November 24, 2000
Dhaka-- (UNB) – Bangladesh should protect local industry and service sectors to encourage local entrepreneurship despite the bindings of globalisation and liberalisation.
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Asian Development Bank to provide US$ 60 million in soft loan
November 24, 2000
Dhaka-- (UNB)- Asian Development Bank will provide US$ 60 million in soft loan for post-flood reconstruction in Bangladesh’s southwestern region, officials said.
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“Bangladesh Tourism Fair (BTF) 2000” inaugurated
November 24, 2000
Dhaka-- (UNB) – A top business leader yesterday said despite large potential for a steady growth, country’s tourism industry did not yet develop due to “imaginary problem” propagated abroad.
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Bangladesh seeks Malaysian assistance in improving port
November 24, 2000
Dhaka-- (UNB)- Bangladesh has sought Malaysian assistance in improving the antiquated port infrastructures and services to facilitate handling of increasing external trade.
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China invited to invest in various fields at CHT
November 24, 2000
Dhaka-- (UNB) – China has been invited to invest in various fields, including agro-industries, fruit-processing, fisheries, tourism and poultry farming, in the Chittagong Hill Tracts to share the CHT peace dividends.
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30,75,000 people so far went abroad legally with job
November 24, 2000
Sangsad Bhaban-- (UNB) - Some 30,75,000 people so far went abroad legally with job, Labour and Employment Minister MA Mannan informed Parliament yesterday(Thursday).
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Bangladesh's bilateral trade with India looks slightly better
November 24, 2000
Sangsad Bhaban-- (UNB) - Bangladesh's bilateral trade with India looks slightly better as the country's export increased by 15.4 per cent and import fell by 29.4 per cent during fiscal 1999-2000.
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Khaleda Zia addresses the BATEXPO-2000 closing ceremony
November 23, 2000
Dhaka-- (UNB)- Opposition leader Begum Khaleda Zia sought a development-friendly political environment for the prosperity of the nation despite differences among the parties.
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“Politics should reform to keep business out”
November 23, 2000
Dhaka-- (UNB) – A top ranking BNP leader yesterday said reform should take place in politics to keep business out of party politics in the interest of boosting national economy.
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UK’s DFID to provide grants for flood-affected people of Bangladesh
November 23, 2000
Dhaka--(UNB)–UK’s Department for International Development (DFID) will provide grants over Tk 15 crore for the flood-affected people of Bangladesh’s southwest districts.
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Netherlands to provide expertise support for water management
November 23, 2000
Dhaka-- (UNB)- The Netherlands yesterday entered into a deal with Bangladesh for providing expertise support in institutional development for a multi-disciplinary planning in water management under emerging new circumstances.
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Indian truckers’ strike forced to cripple Indo-Bangla land-port
November 23, 2000
Jessore-- (UNB) – A wildcat strike by the Indian truckers forced to suspend the export and import of goods through Benapole-Haridaspur check post for indefinite period from yesterday.
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Establishing a transport grid through Bangladesh to be examined
November 23, 2000
Dhaka-- (UNB) – Establishing a transport grid linking eastern Indian hill states with West Bengal through Bangladesh is among some major cross-border investment projects that will be examined at a donor-sponsored conference in Calcutta.
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Prime Minister Sheikh Hasina inaugurates BATEXPO2000
November 22, 2000
Dhaka--(UNB) – Prime Minister Sheikh Hasina yesterday advised apparel manufacturers to build the textile industry in a planned way to face a tough global competition after multi—fibre arrangement (MFA) goes in 2005.
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Closing ceremony of ‘BATEXPO 2000’ shifted
November 22, 2000
Dhaka--(UNB) – The closing ceremony of ‘BATEXPO 2000’ has been shifted due to unavoidable circumstances.
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Phasing out MFA beyond 2005 wont affect apparel sector
November 22, 2000
Dhaka--(UNB)- Industries Minister Tofail Ahmed said phasing out of Multi-Fibre Arrangement (MFA) beyond 2005 would not affect the apparel sector if Bangladesh gets duty-free market access to the developed and developing countries.
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USAID provided development assistance worth US$ 92.7m
November 22, 2000
Dhaka--(UNB) – The United States Agency for International Development (USAID) provided Bangladesh with development assistance worth US dollars 92.7 million during the fiscal year ended on September 30 this year.
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Board of Investment delegates off to Malaysia
November 22, 2000
Dhaka--(UNB) – A 7-member delegation led by M Mokammel Haque, executive chairman of Board of Investment (BOI) left here Monday night for Kuala Lumpur to find out ways of increasing cooperation in the field of investment and infrastructure development.
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ADB approves loan for Crop Diversification Project
November 22, 2000
Dhaka--(UNB) – Some 160,000 farmers in northwest Bangladesh are expected to raise their incomes through a Crop Diversification Project for which the Asian Development Bank yesterday approved a loan of US $46.3 million.
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Dhaka Stock Exchange: Bearish
November 22, 2000
Dhaka--(UNB) – The price index at Dhaka Stock Exchange lowered for the fourth straight day yesterday as the losers outnumbered the gainers.
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Chittagong Stock Exchange: also bearish
November 22, 2000
Chittagong--(UNB) – The downward spiral at Chittagong Stock Exchange continued (Tuesday) with the losers outnumbering the gainers.
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The Princess Royal, Anne, to meet large businesses
November 21, 2000
Dhaka-- (UNB)- The Princess Royal, Anne, president of Save the Children UK, will meet Bangladesh's large businesses to seek their support in combating the worst forms of child labour as part of a global campaign.
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BATEXPO's apparel & textile show begins today
November 21, 2000
Dhaka-- (UNB) - A 3-day apparel and textile show begins here today (Tuesday) expecting a further boost to the country's main export products on the world market.
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Standards in garment & textile industries improved
November 21, 2000
Dhaka-- (UNB)- Observing that the levels of social standards in garment and textile industries have improved, a seminar also called for more proactive approaches for reviewing minimum wages and prioritizing fire safety.
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Downward spiral at Dhaka Stock Exchange continues
November 21, 2000
Dhaka-- (UNB) - The downward spiral at Dhaka Stock Exchange continued for the third straight day yesterday, the losers outnumbered the gainers.
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CSE continues to show a downtrend
November 21, 2000
Chittagong-- (UNB) - Price Index at Chittagong Stock Exchange continued to show a downtrend (Monday) due to lackluster trading.
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Coke, PepsiCo battle to buy Quaker
November 21, 2000
ATLANTA (AP) — Coke and Pepsi are showing a strong thirst for Gatorade as they battle to acquire the maker of the energizing sports beverage, Quaker Oats Co., at a time when sales of carbonated soft drinks seem to be running out of gas.
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Time Warner reaches Earthlink deal
November 21, 2000
WASHINGTON (AP) — Time Warner, striking a deal vital to its proposed merger with America Online, agreed Monday to carry AOL's chief Internet service rival,
EarthLink, on its high-speed cable systems.
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102 % of target realized from taxes related to NRB
November 20, 2000
Sangsad Bhaban--(UNB) - Taka 5240.03 crore was realised till October of the current fiscal year as revenue from taxes related to National Revenue Board, the Parliament was informed yesterday (Sunday).
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Delegation led by FBCCI director to visit China
November 20, 2000
Dhaka--(UNB)- A six-member delegation led by general secretary of the Bangladesh-China Friendship Society and FBCCI director M Delwar Hossain will visit China from November 20-30.
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4-member team of World Relief Canada arrives today
November 20, 2000
Dhaka--(UNB)- A four-member team of the World Relief Canada (WRC) led by its president Dr Douglas Stiller arrives here today (Monday) on a weeklong visit to Bangladesh.
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Bright prospect of pineapple cultivation
November 20, 2000
Sylhet--(UNB) – There is a bright prospect of pineapple cultivation in Sylhet division, because of suitable climate and soil.
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12,838 Loan-defaulters who took more than a million taka
November 20, 2000
Sangsad Bhaban--(UNB) - The number of loan defaulters, who took loan of Tk 10 lakh and above from scheduled banks, was 12,838 till June 30 this year, the Finance Minister told Parliament yesterday (Sunday).
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115th auction of Bangladesh Bank treasury bills held
November 20, 2000
Dhaka (UNB)- The 115th auction of the 28-day, 91-day, 182-day, 364-day, 2-year and 5-year treasury bills were held here yesterday (Sunday).
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DSE All Share Price Index dropped by 3.55 points
November 20, 2000
Dhaka--(UNB) – Trading at the Dhaka Stock Exchange closed lower yesterday (Sunday) as the losers strongly dominated the gainers.
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CSE All Share Price Index shed 7.91 points
November 20, 2000
Chittagong--(UNB)– The Price Index at the Chittagong Stock Exchange marked fall yesterday (Sunday) as the losers outnumbered the gainers.
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Japan Friendship Education Fund to provide $30,500 grant
November 19, 2000
Dhaka--(UNB) - Japan Friendship Education Fund (JFEF) will provide a grant of US dollars
30,500 to Bangladesh Friendship Education Society (BFES) for its education programme.
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Finance Minister urges to accelerate loan disbursement
November 19, 2000
Habiganj--(UNB) – Finance Minister Shah AMS Kibria yesterday warned the government officials of stern action if they are found involved in corruption or irregularities.
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Dhaka Stock Exchange: Bearish
November 19, 2000
Dhaka--(UNB) – The price index at Dhaka Stock Exchange marked a fall yesterday (Saturday) as turnover in terms of both volume and value decreased.
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Chittagong Stock Exchange: Also Bearish
November 19, 2000
Chittagong--(UNB) – Trading at Chittagong Stock Exchange closed lower yesterday (Saturday) marking a 8.27 points fall in its benchmark index.
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KNM virtually shut down
November 18, 2000
The Daily Star -- Resumption of production in Khulan Newsprint Mills (KNM) is not possible unless funds are provided.
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EU threatens to sanction U.S.
November 18, 2000
BRUSSELS, Belgium (AP) — The European Union threatened Friday to slap record sanctions on U.S. products, saying a new U.S. export tax system is just as unpalatable as the one struck down earlier this year by the World Trade Organization.
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Police bust US $ counterfeit operation
November 18, 2000
VERSAILLES, Colombia (AP) — Its entrance hidden in a thick grove of banana trees, criminals in an underground room cranked out millions of counterfeit U.S. dollars — possibly more than $1 billion — before police cracked the biggest-ever counterfeiting operation in Colombia.
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Brazil announces new export efforts
November 18, 2000
RIO DE JANEIRO, Brazil (AP) — Brazil's government announced a series of economic measures Friday to boost the country's exports, reduce exporting costs and strengthen the country's image abroad.
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ICC Conference vented concern over decrease of FDI
November 17, 2000
Dhaka--(UNB) – Leading businessmen from across the globe at the recently concluded ICC Asia Conference here vented concern over the decrease of FDI inflow to developing and least developed countries.
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Listed companies may buy their own shares: SEC
November 17, 2000
Dhaka--(UNB)- Securities and Exchange Commission (SEC) has framed new rules allowing listed companies to buy their shares, if needed, at higher prices to keep the market stable.
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Dhaka Stock Exchange finished lower
November 17, 2000
Dhaka--(UNB) – The price index at Dhaka Stock Exchange finished lower yesterday (Thursday) with the losers heavily dominating the gainers.
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CSE nose-dived for third consecutive day
November 17, 2000
Chittagong--(UNB) – The main index at Chittagong Stock Exchange nose-dived for the third consecutive days yesterday as the losers outnumbered the gainers.
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Bangladesh’s flood-ridden economy bounce back
November 16, 2000
Dhaka-- (UNB) – Accelerated economic activities spurred by booming agriculture after 1998 flooding helped the flood-ridden economy bounce back on a good footing last financial year and gave a boost in the current fiscal.
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Imports rose 30 % in 1st quarter of current fiscal
November 16, 2000
Dhaka-- (UNB)- Overall imports rose 30 per cent in the first quarter of the current fiscal due to increased import of production inputs.
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Chief Executive of Asian PO visits Bangladesh
November 16, 2000
Dhaka-- (UNB) – Industries Minister Tofail Ahmed called for raising productivity in industrial units both in public and private sectors to make them competitive with the fast-moving outer world.
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FBCCI president hands over charge to successor
November 16, 2000
Dhaka-- (UNB) - The just-out president of FBCCI Abdul Awal Mintoo has said politics and bureaucracy, controlled by vested interests, would not bring the required changes in the society.
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Securities & Exchange Commission penalize G Quader
November 16, 2000
Dhaka-- (UNB) – The Securities and Exchange Commission (SEC) has penalized Ghulam Quader and Co with a sum of Tk 25,000 for practising short-sale of securities, which is prohibited under relevant regulations, said a press release yesterday.
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Chittagong Stock Exchange nosedived again
November 16, 2000
Chittagong-- (UNB) – The main index at Chittagong Stock Exchange nosedived again yesterday as the losers outnumbered the gainers.
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Newly elected FBCCI council takes over at AGM yesterday
November 15, 2000
Dhaka-- (UNB) - The newly elected executive council of the Federation of Bangladesh Chambers of Commerce and Industry
(FBCCI) will take over the office at the Annual General Meeting (AGM) of the apex trade body today (Wednesday).
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Water resource development project financed by donors
November 15, 2000
Dhaka-- (UNB)-The government would launch a Tk 500 crore socioeconomic development programme for rural people of 27 districts under a second small-scale water resource development project financed by donors.
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Dhaka Stock Exchange posted a slight rise
November 15, 2000
Dhaka-- (UNB) - The price index at the Dhaka Stock Exchange posted a slight rise yesterday (Tuesday) despite the losers dominated the gainers.
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CSE All Share Price Index gains 2.33 points
November 15, 2000
Chittagong-- (UNB) - After losing 10.02 points from its benchmark on Monday, Chittagong Stock Exchange pocketed 2.33 points yesterday (Tuesday) despite the losers outnumbered the gainers.
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Regional preparatory meeting for 3rd UN conference on LDCs begin
November 14, 2000
Dhaka-- (UNB) - Bangladesh would require about 25 years to graduate from least developed-country status if it maintains the growth rate observed in the past decade, a UN body forecast at high-level meeting here yesterday.
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EU to give duty free market access to 48 LDCs by 2002
November 14, 2000
Dhaka-- (UNB) - The European Union will give duty free market access to 48 least developed countries
(LDCs) by 2002.
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Executive Secretary of ESCAP Kim Hak Su calls on Finance Minister
November 14, 2000
Dhaka-- (UNB) - The visiting Executive Secretary of the Economic and Social Commission for Asia and Pacific
(ESCAP) Kim Hak Su called on Finance Minister Shah AMS Kibria at his office yesterday
(Monday)and exchanged views on regional cooperation.
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Biggest apparel & textile show in Asia-Pacific from November 21
November 14, 2000
Dhaka-- (UNB) - A 3-day apparel and textile show, an annual event since 1989, begins here November 21 expecting a further boost to the country's major export-earning sector.
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Industry Minister stress need for banking facilities in rural areas
November 14, 2000
Dhaka-- (UNB) - Industries Minister Tofail Ahmed yesterday stressed the need for expanding banking facilities in rural areas.
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Dhaka Stock Exchange finished lower
November 14, 2000
Dhaka-- (UNB) - Trading at the Dhaka Stock Exchange finished lower yesterday (Monday) with the losers heavily dominating the gainers.
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Chittagong Stock Exchange marked a fall
November 14, 2000
Chittagong-- (UNB) - The price index at Chittagong Stock Exchange marked a fall yesterday (Saturday) due to lackluster trading.
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APEC members seek common ground
November 13, 2000
BANDAR SERI BEGAWAN, Brunei (AP) — Before setting a date for the next round of global trade talks, economic and foreign ministers from several Pacific Rim nations are urging the world's wealthier countries to give up their demands that environmental and labor standards be part of the negotiations.
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OPEC said to hold production steady
November 13, 2000
VIENNA, Austria (AP) — OPEC snubbed consumers Sunday by rejecting a price-easing increase in oil production and raising the specter of slashing output early next year to keep prices from falling too fast.
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Brazil workers plan massive strikes
November 13, 2000
SAO PAULO, Brazil (AP) — Thousands of Brazilian workers are expected to walk off the job Monday in two massive strikes that could disrupt production at a federal oil company and several large auto makers.
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Tofail urges Japan to raise import from Bangladesh
November 13, 2000
Industries Minister Tofail Ahmed on Friday urged Japan to increase import from Bangladesh as the country produces quality frozen foods , readymade garments, jute, goods and other agro-products, reports B.S.S.
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