Wednesday, 08 May, 2024

Business

Japan to start talks with Bangladesh on free trade pact

Japan will start negotiations with Bangladesh toward signing a bilateral free trade agreement as part of efforts to boost economic cooperation with the South Asian nation, the government said Tuesday. Chief Cabinet Secretary Yoshimasa Hayashi said at a regular news conference that

Bangladesh, Nigeria deepen trade, defense cooperation 

Bangladesh and Nigeria have strengthened defence cooperation in order to promote trade, education and especially to deepen investment in the textile industry which Nigeria urgently wants to revamp. Indications to this development emerged during the 50th anniversary of the establishment

Bashundhara Group starts selling essentials at fair price

Bashundhara Group, the country’s largest business conglomerate, has started fair-price sales of essential commodities to reduce sufferings to poor and middle-class customers. Bashundhara Group’s Vice-Chairman Shafiat Sobhan Sanvir inaugurated the programme in front of the

India signs $100bn free trade deal with four European nations

India has signed a free trade agreement (FTA) with a group of four European countries that are not members of the European Union. The deal with the European Free Trade Association (EFTA) will see investments in India of $100bn (£77.8bn), the country's trade minister says.

Bashundhara Tissue earns "Prestigious Brand of Asia 2023-24" award

Bashundhara Tissue, the flagship brand of Bashundhara Group, has received the esteemed "Prestigious Brand of Asia 2023-24" award at the Global Business Symposium 2024 held at Hilton Hotel in Dubai.  The accolade recognizes Bashundhara Tissue's consistent excellence

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