Tuesday, 07 May, 2024

Business

Demand for feed set to rise in Bangladesh: USDA report

Despite economic challenges and high feed prices, demand for feed is expected to grow in Bangladesh as large commercial poultry farms expand their operations, according to a report from the Foreign Agricultural Service (FAS) of the United States Department of Agriculture (USDA). 

Travel fares, Umrah package prices soar amid Ramadan rush

Umrah travel agencies and tour operators have nearly doubled the price of tour packages per person, with fees expected to triple in anticipation of a heavy rush during Qiyam Al-Layl, the last 10 days of Ramadan. Umrah travel operators in Riyadh have almost doubled the price of

Gold price surge again

Jewellers have increased the gold price by Tk2,916 to Tk1, 14,073 per bhori in local market within two days of dropping the tariff of the precious metal. The standing committee on pricing and price monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the decision at a

Reddit IPO: Share sale values social media firm at $6.4bn

Reddit has priced its shares at the top of a marketed range, valuing the social media platform at $6.4bn (£5bn). It has raised $748m as it sells 22 million shares for $34 each, making it one of the biggest initial public offerings (IPO) by a social media firm. The shares will

CSE gets maiden commodity exchange license

The Chittagong Stock Exchange (CSE) on Wednesday got the license of the country's maiden commodity exchange from the securities regulator nearly four months after the publishing of rules. The Bangladesh Securities and Exchange Commission (BSEC) approved the commodity exchange (CX)

Reports invited for BAJUS Media Awards

The Bangladesh Jewelers' Association (BAJUS) is going to confer the 'BAJUS Media Award 2024' for the second time and thus invited reporters to submit their reports to take part in the event. The journalists of both Bangla and English, online newspapers and television

Gucci sales to fall by 20% due to Asia slowdown

Sales at Gucci are expected to fall by 20% in the first quarter due to a slowdown in Asia, according to its Paris-based owner Kering. The warning contrasts with rivals LVMH and Hermès whose sales have remained resilient. The luxury market has grown in the past decade but

Gold price drops

Bangladesh Jeweller’s Association (BAJUS) today (March 19) reduced the price of gold has declined in the local market.  The standing committee on pricing and price monitoring of BAJUS fixed new prices of gold at a meeting today. Taking into consideration the overall

$1.01b remittance flows in 15 days of March

The inflow of remittance to Bangladesh in the first 15 days of March has slightly gone down compared to last month, according to the Bangladesh Bank (BB) report. BB's recent report, which was released today (March 18) inflow of remittance this month totaled 1.01 billion US dollars.

Padma Bank, Exim Bank sign MoU for merger

Padma Bank PLC has initiated the official process to merge with Shariah-based private commercial Exim Bank PLC. Padma Bank Managing Director Tareq Reaz Khan and Exim Bank Managing Director Mohammad Feroz Hossain signed a memorandum of understanding (MoU) in this regard at an event at

India to export 1,650 tonnes of onions to Bangladesh

National Cooperative Export Ltd (NCEL), the government's export agency of India has announced plans to purchase 1,650 tonnes of onions from private traders at Rs 29/kg for export to Bangladesh, according to a report by The Economic Times (ET).  This move marks the first

Bashundhara starts selling essential at fair prices in Ctg city

Bashundhara Group, the country’s largest business conglomerate, started selling essential commodities at fair prices on Sunday to reduce the inflation pressures on poor and middle-class consumers of the port city. Chattogram Deputy Commissioner Abul Bashar Mohammed Fakhruzzaman

Turkey keen to boost bilateral ties with Bangladesh

The Turkish Ambassador to Bangladesh, Ramis Sen, said the country has strong and deep-rooted bilateral relations with Bangladesh and the two nations are committed to further enhancing ties. The ambassador said this during a recent courtesy visit to Md Hasnat Kabir, country manager, USB

Inflation control should be main focus in next budget: CPD

The Centre for Policy Dialogue (CPD) on Saturday (March 16) said containing inflation should be the key focus in the upcoming budget of FY2024-25. “The current high inflation exposes the country’s weakness in economic measures. Due to a lack of proper market management, and

Gulf dates reign supreme on Bangladeshi iftar tables

Gulf varieties of dates are the favorite ones among Bangladeshis, with many making sure that the Saudi or Emirati fruits will be on their iftar tables, despite their high price. One of the earliest crops cultivated in the Arabian Peninsula, the date is also grown in Egypt — the

BAJUS to support CSE in commodity exchange

Bangladesh Jeweller’s Association (BAJUS) will support Chittagong Stock Exchange (CSE) for establishing first ever commodity exchange activities in Bangladesh. BAJUS leaders, gathered at a meeting on Thursday, assured the officials of the CSE, the second-largest bourse in the

Farm owners worried as Bangladeshi workers leaving Malaysia

Vegetable farm operators in Cameron Highlands in Malaysia say they will have to scale down their production soon due to the anticipated shortage of foreign workers in the next few months. Cameron Highlands Malay Farmers Association president Datuk Syed Abdul Rahman said the

1,100 Bangladeshi women entrepreneurs, professionals drive UAE economy 

More than 100 self-made Bangladeshi women entrepreneurs and 1,000 women professionals are currently contributing to the UAE economy, according to a senior official.  They are active in real estate, restaurant, garments, trading, jewellry, grocery, typing services etc.

Govt now fixes date prices for Ramadan

The government has fixed the prices of dates, a key item of iftar, for the month of Ramadan. It has fixed the price of low grade dates at Tk 150 to Tk 165 per kilogramme (KG), as per a notification of the Commerce Ministry. Prices of Zahidi dates, the widely-consumed variety, would

Bangladesh Bank plans to merge 10 banks in a year 

Bangladesh Bank (BB) Executive Director and Spokesperson Mezbaul Haque today (Mar 12) informed that the regulator is planning to merge 10 banks within a year. “Following the merger, the weak bank can become the strong bank while strong banks can be stronger banks,” he told