Wednesday, 27 Nov, 2024

Business

Bangladesh, India jointly organise Harmony Fair in Malda

Traders and industrialists of India and Bangladesh, for the first time, jointly organised a four-day Harmony Fair in Malda town for the display and sale of goods produced in two countries. The Harmony Fair started at Malda College ground on Saturday afternoon in the presence of the

Gold price hits record high in international market

The price of gold reached an all-time high in the international market on Friday (March 8).  The price of the safe-haven metal rose 0.4 percent in the spot market on the day. The price settled at 2170 dollars 55 cents per ounce. US benchmark gold rose 0.9 percent on the same

Voting in BGMEA election underway

The biennial election of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is underway today to elect the new executive committee for the period of 2024-26. The voting started at 10:00am and will continue till 5:00pm at the BGMEA's Dhaka and Chattogram offices.

Gold outstripping greenback amid de-dollarisation

A good number of countries have been trying to break the monopoly of the US dollar over the years while many have progressed far and are in good positions. After restoring the Russia-China friendship and the depreciation of other world currencies against the dollar, people are losing

Women jewellery entrepreneurs demands policy support: BAJUS

Bangladesh Jeweller's Association (BAJUS) leaders on Friday (Mar 8) said women entrepreneurs associated with this industry have demanded equality so that the sector flourishes and women empowerment efforts are bolstered.  They said a government level training institutes is

World food price falls for seventh straight month – UN FAO

World food prices dropped for the seventh month in a row February as falling cereal prices outweighed more costly sugar and meat, the Food and Agricultural Organization said Friday.  The United Nations agency said its FAO Food Price Index dropped 0.7 percent in February and is

Govt reduces fuel price 

The prices of diesel and kerosene have been reduced by 75 paise per litre, octane by Taka 4 and petrol by Taka 3 respectively, according to the energy and mineral resources division gazette notification issued today (March 7). Now the price of diesel and kerosene will be Tk. 108.25 per

Court orders to confiscate properties of Evaly Rassel, wife

A Dhaka court today (Mar 7) ordered the authorities concerned to confiscate the properties of Evaly Managing Director Mohammad Rassel and his wife, Evaly Chairman Shamima Nasrin, in connection with a fraudulence case. Dhaka Metropolitan Magistrate Farah Diba Chanda passed the order

Declaration of price hike of sugar withdrawn

The Trading Corporation of Bangladesh (TCB) has withdrawn its decision to increase the sugar price one day after the declaration. The TCB came up with the decision to sell sugar at Tk 70 per kg on Thursday morning. Earlier on Wednesday (6 March), the TCB fixed per kg sugar price at

Gold price hits record high in Bangladesh

Jewellers have raised the price of gold by Tk 2,216 to a record high of Tk 1,12,907 per bhori (11.664 grams) due to a hike in the price of the precious metal on the international market. The Bangladesh Jewellers' Association (BAJUS) on today adjusted the gold price, attributing the

Kacchi Bhai at Gulshan fined Tk 1 lakh

A mobile court operated by Dhaka North City Corporation (DNCC) today (March 6) fined Kacchi Bhai restaurant’s Gulshan-2 branch in the capital Tk 1 lakh for allegedly not having the necessary documents to run the business. Julker Nayen, Zonal Executive Officer and Executive

Libya seeks long-term partnership with Bangladesh

Libya is keen to provide all possible support to Bangladeshi enterprises and business owners interested in entering its market through partnerships with the private sector and the appointment of Libyan agents. In a meeting with the Ambassador of Bangladesh, Abu Hasnat Bashar, Minister

'Offshore Banking Act, 2024' passed in JS

The Offshore Banking Act of 2024 has been passed in parliament aiming to bolster foreign currency reserves and entice foreign investments. Finance Minister Abul Hassan Mahmood Ali moved the bill and it was passed by voice vote during the parliament session with Speaker Dr Shirin

PM suggests common currency for Muslim countries

Prime Minister Sheikh Hasina today (March 5) said that the Muslim countries could introduce a common currency, like the European Union (EU), to boost trade and commerce among them as a delegation of D-8 Trade Ministers called on her.   “It would be very good, if we, the

Raid on restaurant businesses excessive: BROA

Bangladesh Restaurant Owners Association (BROA) has urged Prime Minister Sheikh Hasina to intervene and end the crisis, criticizing the ongoing raids on restaurant businesses as excessive and ineffective. “Our meeting with Prime Minister Sheikh Hasina is very crucial at this

Ensure poison-free iftar items in Ramadan: POBA

Poribesh Bachao Andolan (POBA) today (March 5) demanded the authorities concerned to ensure the selling of chemical, poison and adulteration-free iftar items and food during the holy month of Ramadan.   Speaking at a press conference in the capital today, the POBA leaders alleged

Bank transactions from 9:30am to 2:30pm during Ramadan

Bangladesh Bank (BB) has fixed office hours from 9:30 am to 4:00pm for all scheduled banks in the country during the Holy month of Ramadan. However, people will be allowed to make banking transactions from 9.30am to 2.30pm, according to a circular issued by the central bank today

Sultan's Dine, Nawabi Voj on Bailey Road sealed off

As part of the ongoing drive following the Bailey Road fire incident, the authorities sealed off Sultan's Dine and Nawabi Voj restaurants on Bailey Road due to their failure to comply with the relevant terms and conditions in running the business.  Meanwhile, Rajdhani Unnayan

China sets ambitious 2024 economic target

China has set an ambitious growth target of around 5% for this year, as it announced a series of measures aimed at boosting its flagging economy. Premier Li Qiang made the announcement at the opening of the annual National People's Congress (NPC) on Tuesday. Mr Li acknowledged

50 lakh families to get rice at affordable price in Ramadan

Food Minister Sadhan Chandra Majumder today (March 4) said 1.5 lakh tonnes of rice will be distributed to 50 lakh families under the Food-Friendly Programme (FPP) during the holy Ramadan.   "One and a half lakh tonnes of food will be distributed to 50 lakh families by March