Wednesday, 27 Nov, 2024

Business

Egg, beef to be sold at low prices in Dhaka from March 10: Minister

The government is taking an initiative to sell commodities like egg, broiler chicken, beef, and mutton at low prices in Dhaka from 10 March, Fisheries and Livestock Minister Md Abdur Rahman said on Monday (March 4). He said: “These products will be sold on trucks at 30 spots in

India to export 64,400 tonnes onion to UAE, Bangladesh

India is set to export 64,400 tonnes of onion to the UAE and Bangladesh through the National Cooperative Exports Ltd (NCEL), according to notifications of the commerce ministry. While export of 50,000 tonnes of onion is permitted to Bangladesh, shipments of 14,400 tonnes were allowed

Nikkei stock index passes 40,000 for first time amid AI fanfare

Japan’s benchmark stock market index has smashed the 40,000 mark for the first time, continuing its comeback after decades of stagnation. The Nikkei 225 gained 1 percent to 40,308.85 during morning trading on Monday, as investors took an upbeat view of Japanese firms following

Malaysia welcomes 142,748 tourists from Bangladesh in 2023

There has been a remarkable surge in tourist arrivals from Bangladesh to Malaysia in the year 2023, informed Tourism Malaysia-Dhaka in a release.  According to recent statistics released by Malaysian Tourism Board, Malaysia welcomed a staggering total of 142,748 tourists from

Soybean oil at Tk 163 per litre from tomorrow

The customers will be able to purchase soybean oil at Tk 163 a litre from tomorrow (March 3) , a Tk 10 down from the existing rate. Commerce Minister Ahsanul Islam Titu has disclosed this information apart from mentioning that the daily commodities market will be regulated even outside

Govt adjusts power tariff from February

State Minister for power Nasrul Hamid today (Feb 29) said the government has decided to increase power tariff from February 01 to minimize government subsidy to the sector. The average price of electricity is Tk 12 per unit, but selling price is only Tk 7. The government gives Tk

Bangladesh lags behind as locally grown Golden Rice debuts in Philippines

Golden Rice has finally hit markets across the Philippines as the country embraces the genetically modified crop to boost local food production and counter Vitamin A deficiency, an affliction caused by a poor diet that can lead to blindness, especially in children. The Philippines

FBCCI for action against market manipulators during Ramadan

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urged market committee, business association and all concerned to take stern action against those who will create artificial crisis in the commodity market and indulge in extortion during the holy month of Ramadan.

BB halts Southeast Bank’s Tk 670cr loan disbursement process

The Bangladesh Bank (BB) has halted the proposal from Southeast Bank for the disbursement of a TK670 crore loan to a securities company intended for the purchase of shares. A letter in this regard was sent by BB Financial integrity and customer services (FICSD) additional director

New Zealand begins rise in salary for foreign workers

Starting February 28th, Immigration New Zealand (INZ) is raising the wage thresholds for most work visas to reflect the latest median wage increase.  This is good news for workers hoping to immigrate to New Zealand, as it indicates growing demand for skilled individuals. 

Over 120 WTO members agree to boost investment in developing countries

More than 120 WTO member states have finalised an agreement that aims to facilitate investment in developing countries by improving transparency and clearing bureaucratic hurdles, the global trade body said Sunday. The Investment Facilitation for Development (IFD) Agreement, signed by

Eiffel Tower to reopen Sunday as strike ends

The stoppage since Monday at one of the world's best-known tourist sites was the second within two months in protest at what unions say was insufficient investment. The tower's operator SETE said it had reached agreement with the unions on Saturday "under which the parties

Govt reverses sugar price hike move 

The government has stepped back from its move to hike the sugar price to Tk160 considering the sufferings of the public. “The decision has been withdrawn considering public suffering,” the industries ministry said in a press statement on Thursday (February 22) night.

Govt hikes sugar price to Tk 160 per kg

The Bangladesh Sugar and Food Industry Corporation (BSFIC) has raised the maximum retail price of sugar produced by state-owned mills to Tk 160 per kg, marking an increase of Tk 20 per kg. The BSFIC announced this price adjustment by issuing an official notice on Thursday (February

BAJUS seeks 10-year tax holiday in gold refinery industry

Bangladesh Jeweller's Association (BAJUS) demanded for providing a 10-year tax holiday in the gold refinery industry. They also proposed installing Electronic Fiscal Device (EFD) machines at some 40,000 jewelry shops across the country. The Association submitted the proposal at

India to allow onion export to Bangladesh

India, in the latest development, has approved the export of 3 lakh metric tonnes of onions. A committee, formed in this regard, has approved the export of 50,000 tonnes of onion to Bangladesh. The committee of ministers headed by Union Home Minister Amit Shah took a decision to

Rupayan Bhuiyan Emporium Shopping Complex opened in Ashulia

Rupayan Bhuiyan Emporium Shopping Complex was inaugurated in Ashulia, on the outskirts of the capital Dhaka, on Friday (February 16). The state-of-the-art central AC market, situated in the Jamgar area of Ashulia near Fantasy Kingdom, has been inaugurated under the slogan

Turkey's Coca-Cola pens deal to buy Coca-Cola Bangladesh for $130m

Turkey's Coca-Cola Isek (CCI) has signed an agreement for a whopping $130 million to acquire Coca-Cola Bangladesh Beverages Limited (CCBB).  The agreement outlines the acquisition of the entire 100% shares in CCBB, with CCIHBV emerging as the primary direct shareholder. CCI

US, China begin refilling depleted oil stocks, price may rise

Despite the price of fuel oil is stable in the world market at this moment, it may rise again. The United States, China and Europe have begun refilling depleted oil reserves. As a result, the demand for fuel oil will increase again in the world, which may lead to an upward trend in the

Minimum age for banks’ independent directors set at 45

Bangladesh Bank announced rules for appointing banks’ independent directors setting the minimum age at 45 years and the maximum age at 75 years. Also, they must have at least ten years of experience in management or business or professional work. The central bank issued a