The leaders of garment manufacturers and textile millers today (June 8) expressed their disappointment as 1% tax at source has been imposed in the proposed national budget for the fiscal year 2024-25.  “We urge the government to reduce the tax at source to 0.5% from the

The government's target of reducing inflation to 6.5% and achieving 6.75% gross domestic product (GDP) growth as set in the proposed national budget for the FY2024-25 is blatantly unrealistic. South Asian Network on Economic Modeling (SANEM) came up with the observation during a

The government will define gold and jewellery ornaments separately in baggage rules to curb the attempt to evade duties. “Many passengers from Middle Eastern countries attempt to evade customs duties by concealing roughly designed raw gold as gold jewelry. To combat this issue

Apex has brought together the four most prominent brands together to cater an extravaganza Eid shopping experience to its customers. In the “Shop Big Win Big” campaign, Apex is offering the highest price purchasers at the stores to win exclusive gifts from Air Astra, Mana Bay,

Switzerland and Bangladesh signed a bilateral air service agreement today (June 5) in a bid to strengthen their economic ties.  This marks a first for the two nations and reflects Switzerland’s ongoing commitment to expanding its intercontinental connections. This

Bangladesh Jeweller's Association (BAJUS) today (June 3) said more than Tk 91,250 crore is being laundered annually through gold and diamond smuggling. The top body of the Jewellers also said that smugglers are laundering this money through 'Hundi'. BAJUS officials made

Billionaire Gautam Adani has reclaimed the title of Asia's richest person, surpassing Reliance Industries chairman Mukesh Ambani, according to the Bloomberg Billionaires Index. Adani, the chairman of Adani Group, holds the 11th spot on the index with a net worth of $111 billion,

Train communication on the 138.64 km Benapole-Mongla route began operations today (June 1), carrying 600 passengers on its inaugural journey. People from all walks of life burst into joy as the passenger train decorated with colourful ribbon, festoons departed for Mongla port at around

The government has announced another increase in the retail prices of diesel, kerosene, petrol, and octane for the month of June. According to a gazette notification issued on Thursday night, the prices of diesel and kerosene have been raised by Tk 0.75 per litre, bringing them to Tk

Bangladesh Trade and Tariff Commission has recommended halving the gold import duty in view of the application of the Bangladesh Jewelers Association (BAJUS). Tariff Commission sources said that the organisation has recommended reducing the import duty from 10 to 5 per cent. At the

The price of good-quality gold has dropped by Tk 1,284 to Tk 1,17,176 per bhori (11.664 grams) due to a reduction in the prices of pure gold on the local market. The standing committee on pricing and price monitoring of the Bangladesh Jeweller’s Association (BAJUS) came up with

Bangladesh Jeweller's Association (BAJUS) has directed the gold businesses to display certificate of tax-related papers in the visible place of the shop. “The National Board of Revenue (NBR) guideline manifests the display of Business Identification Number at the visible

The price of high-quality precious yellow metal dropped by Tk 1,084 per bhori on Thursday (May 23) afternoon. Good quality gold of 22-carat stood at Tk 1,18, 460 per bhori (11.664 grams) due to a reduction in the price of pure gold on the local market. The standing committee on

Industries Minister Nurul Majid Mahmud Humayun on Thursday handed over the “President's Industrial Development Award-2021” to twenty industrial units in six categories for their outstanding contributions in the national economy. The award giving ceremony was held at

Shomvob, the leading B2B job-tech and HR tech platform in Bangladesh today announced a USD 1 million pre-seed financing round led by Singapore-based early-stage venture capital firm Cocoon Capital. Shomvob also received a grant from the Bill & Melinda Gates Foundation to create

Bashundhara Cement has held an annual sales conference aimed at empowering sales through innovation and strategy to inspire the stakeholders in the supply chain of the brand. Safwan Sobhan, vice-chairman of Bashundhara Group, recently inaugurated the conference at the International

RITES Limited, a leading engineering consultancy firm, on Monday signed a contract agreement for supplying 200 broad gauge passenger carriages to Bangladesh Railways. The export arm of Indian Railways, RITES has won the USD 111.26 million (approximately Rs 915 crore) contract, funded

Mistine, No.1 Cosmetics brand in Thailand since 1988, had its grand launch event on May 17 at Jamuna Future Park in the capital.  This brand was founded 36 years ago, Mistine is dedicated to providing consumers with high-quality, innovation and cutting-edge technologies cosmetic

The Bangladesh Jewellers Association (BAJUS) on Sunday (May 19) increased the price of gold by Tk1,084 per bhori as the cost of pure gold rose on the local market. According to a BAJUS statement, 22-carat gold will now cost Tk 1,19,544 per bhori. As per the latest decision, the

Considered an auspicious symbol of affluence, a valuable asset, and a fundamental part of everyday life, gold symbolises purity, prosperity and sacredness, and plays an intrinsic part in Indian culture. Celebrations, including weddings, are predominantly celebrated with gold there.