Thursday, 28 Nov, 2024

Business

Bashundhara Group MD Sayem Sobhan Anvir gets TRUB Award

Bashundhara Group Managing Director Sayem Sobhan Anvir has been accorded special honouray award at the 28th edition of Television Reporters Unity of Bangladesh (TRUB). He got the award for his contribution to the field of industry, business and sport. Noted litterateur and Kaler kantho

Edible oil prices drop by Tk 5/litre

The prices of palm and soybean oil have decreased by Tk 5 per litre in the retail market in the country. The new price rate will be effective from December 18, the commerce ministry said in a circular today (Dec 15).  According to the new rate, one-litre bottled soybean oil

Renaissance Dhaka Gulshan Hotel launches fine dining restaurant and bar -SEAR

Renaissance Dhaka Gulshan Hotel launched their fine dining global cuisine restaurant and bar- SEAR on Wednesday (Dec 14). The restaurant was inaugurated by Premier Group Ltd Chairman Dr HBM Iqbal along with the Advisor to Prime Minister Salman F Rahman, Finance Minister AHM Mustafa

Govt to buy 2.75cr litres Soybean oil for TCB 

The government will buy 2.75 crore litres of Soybean oil from local suppliers for Tk 184-186 per litre. The decision came from a meeting of the Cabinet Committee on Public Purchase today, according to officials. Finance Minister AHM Mustafa Kamal presided over the virtual meeting on

Banks asked to levy minimum LC margin on rice, wheat imports

Bangladesh Bank (BB) has asked banks to take a minimum cash advance from importers while opening letters of credit (LCs) for rice and wheat to keep their prices at a tolerable level in the domestic market and ensure smooth supply. The advance payment, also known as the cash LC margin,

FBCCI for increasing manpower export to Romania

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) is working to increase the export of manpower as well as readymade garments, textile, leather, plastic, pharmaceutical to Romania. The Romanian ambassador Daniela Sezonov Tane, during a courtesy call on FBCCI

Bangladesh, Japan to sign FTA/EPA before 2026, hopes Tipu Munshi

Bangladesh and Japan today (Dec 12) jointly announced the launching of feasibility study on future signing of Free Trade Agreement (FTA) or Economic Partnership Agreement (EPA) in a bid to boost the bilateral trade between the two friendly countries. Commerce Minister Tipu Munshi

UK banking rules in biggest shake-up in more than 30 years

The government has announced what it describes as one of the biggest overhauls of financial regulation for more than three decades. It says the package of more than 30 reforms will "cut red tape" and "turbocharge growth". Rules that forced banks to legally

Banks asked to charge lowest L/C margin for Ramadan imports

The Bangladesh Bank on Sunday (Dec 11) asked scheduled banks to charge margins at a minimum rate against opening of import letters of credit (L/C) for essential kitchen commodities ahead of the month of Ramadan. A circular was issued by the central bank in this regard to prevent price

Islamic banks repay Tk 5.9 billion to BB on third day 

Islamic banks repaid Tk 5.9 billion on Thursday to Bangladesh Bank after the central bank injected Tk 52.47 billion into the Shariah-based entities in three days under a liquidity facility. In the first two days, five lenders – Islami Bank, Union Bank, Social Islami Bank, First

BDCOM Online Ltd wins ICMAB Best Corporate Award -2021

BDCOM Online Ltd., one of the leading public listed nationwide ISP and ICT service providers in Bangladesh, Since 1997 has won the ICMAB - Best Corporate Award 2021 under the Telecommunication and IT Category. The Honorable Chairman of BDCOM Online Ltd., Mr. Wahidul Haque Siddiqui, and

World Economy Faces More Pain In 2023 After A Gloomy Year

This was supposed to be the comeback year for the world economy following the Covid pandemic. Instead, 2022 was marked by a new war, record inflation and climate-linked disasters. It was a "polycrisis" year, a term popularised by historian Adam Tooze. Get ready for more

Bangladesh urges US for duty-free market access

The 6th Meeting of the US-Bangladesh Trade and Investment Cooperation Forum Agreement (TICFA) was held in Washington DC on Tuesday (Dec 6). Tapan Kanti Ghosh, Senior Secretary of the Ministry of Commerce, and Mr. Christopher Wilson, Assistant US Trade Representative (USTR) for South

Bashundhara Paper Ltd celebrates record sale

Bashundhara Paper Mills Limited made history by selling the highest number of products of its kind in Bangladesh in the month of November this year. Bashundhara Paper Mills Limited has Bashundhara Tissue, Bashundhara Khata, Bashundhara Paper, Bashundhara Diapant and other products.

Oil prices rise as cap on Russian crude looms

Oil prices rose on Monday following an agreement by the G7 group of nations and its allies to cap the price of Russian oil at $60 (£49) a barrel. Brent crude added around 0.7% to above $86 in Asia trading. The move - which could come into force on Monday - raises Western

12kg LPG price hiked by Tk 46

The price of a 12-kg liquefied petroleum gas (LPG) cylinder has increased by Tk 46 to Tk 1,297. Bangladesh Energy Regulatory Commission (BERC) announced the fresh price on Sunday (Dec 4). The new price rate will come into effect from 6:00 pm today. The price of different

UBSL stated to offer LG information Display Solutions

The country's leading ICT product & solutions provider, Unique Business Systems Limited (UBSL), has announced its partnership with LG to distribute the latest and most advanced Display Solutions in the local market. In this regard, a memorandum of understanding (MOU) was signed

Gold traders being united under umbrella of BAJUS

Gold traders across the country are being united under the platform of Bangladesh Jewellers’ Association (BAJUS) led by its President Sayem Sobhan Anvir.  The organisation’s central leaders came up with the remarks during a view exchange meeting with leaders and

Gold price inflates further, Tk 87, 247 per bhori

Jewellers have raised the price of gold by Tk 3,033 to Tk 87, 247 per bhori (11.664 grams) due to a hike in the price of the precious metal on the international market. Standing committee on pricing and price monitoring of Bangladesh Jeweller’s Association (BAJUS) made the

National Textiles Day on Sunday 

With the theme 'Let's use local textile products, build golden Bangla", the National Textiles Day-2022" will be observed in the country on Sunday (Dec 4).  The Ministry of Textiles and Jute has taken an elaborate programme to mark the day, according to an