The World Gold Council’s latest Gold Demand Trends report reveals that gold demand (excluding OTC) in the third quarter of 2022 hit 1,181 tonnes, up 28% year-on-year. Strong demand pushed the year-to-date total to its pre-COVID levels. Gold demand was bolstered by consumers and

Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association have proposed to increase the price of bottled soybean oil by Tk 15 per litre. To hike the price of the edible oil, the association submitted the proposal to the senior secretary of the commerce ministry on

The government approved on Thursday (Nov 3) separate proposals for procuring fertilizer, 55 lakh litres of soybean oil and 8,000 metric tons of lentil to meet the growing demand of the country. The approvals came from the 32nd meeting of the Cabinet Committee on Government Purchase

Bangladesh Bank today (November 03) announced a new office timing for bankers and banking hours for service seekers beginning from November 15. From November 15, bankers will have office hours from 10 am to 5 pm from Sunday to Thursday, the central bank said in a circular. The

Elon Musk has said Twitter will charge $8 (£7) monthly to Twitter users who want a blue tick by their name indicating a verified account. As part of changes after a $44bn (£38bn) takeover of the social media site, Mr Musk said it was "essential to defeat

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) today (Oct 30) said the export earnings target from readymade garments set by the government for the FY23 is unlikely to be achieved due to the high inflation in major markets and shortage of energy in the country.

India's foreign exchange (forex) reserves declined $3.8 billion to $524.5 billion for the week ending October 21, data released by Reserve Bank of India on Friday showed.  Reserves are at their lowest levels since July 2020. Since last year, reserves have declined by $115

A Thai media tycoon and transgender rights advocate has bought the Miss Universe Organization for $20 million, according to her company, which will now host the international beauty pageant. Anne Jakkaphong Jakrajutatip is the CEO of JKN Global Group PCL, a Thailand-based media

Sales at the tech giants Alphabet and Microsoft have slowed sharply, adding to fears of a downturn in the economy. Alphabet, which owns Google and YouTube, said sales rose just 6% in the three months to September, to $69bn, as firms cut their advertising budgets. It marked the US

Jewellers lowered the price of gold by Tk 1,166 to Tk 80,131 per bhori (11.664 gram) as price of pure gold fell in the local market. The price of 22-carat gold is now Tk 6,870 per gram while it is Tk 6,560 for 21-carat gold, according to a press release of Bangladesh Jeweller’s

The fourth generation Padma Bank Limited is going to launch Shariah-based “Padma Bank Islami Banking” division. Initiatives have already been taken to open Islamic banking windows in some branches. Islamic banking veteran Salim Anwar has joined as SEVP & Head of Islamic

Prime Minister's Office (PMO) issued a set of directives to the authorities concerned to carry out constant monitoring of the markets to keep normal the prices, stocks and supplies of essential commodities. The PMO held a view exchange meeting virtually with various ministries,

Prime Minister Sheikh Hasina will inaugurate the 14 industrial units and lay the foundation stones for 29 more factories inside the economic zones on Wednesday (Oct 26). Executive Chairman of the Bangladesh Economic Zones Authority (BEZA) Shaikh Yusuf Harun disclosed this while

Bangladesh Jewellers Association (BAJUS) President and Bashundhara Group Managing Director Sayem Sobhan Anvir wants all gold traders to be united under a common platform. This was said by central leaders of the organisation at view exchange meeting with Habiganj unit leaders and

Bangladesh Jeweller’s Association (BAJUS) leaders said the association is working to bring all gold traders under one umbrella to prevent smuggling and establish transparency and accountability in the jewelery business. Central leaders of BAJUS remarked on these at a view

Bangladesh Jeweller’s Association (BAJUS) has planned to establish an institute to impart knowledge of modern design to goldsmiths with demos of advanced technology. BAJUS vice president Dr Dewan Aminul Islam said that central executive committee has chalked out various plans for

The foreign reserve of Bangladesh has dropped to $35.90 billion as of Thursday (Oct 20). According to Bank sources, the increase in Bangladesh Bank’s dollar sales to address the greenback crisis on the market has affected foreign reserves. High import payments coupled with low

Swisscontact Bangladesh hosted a "Meet & Greet” event with over 40 business leaders to acknowledge and highlight the role of the private sector in achieving the Sustainable Development Goals (SDGs).  The event focused on “SDG 17: Partnerships for the

Prime Minister Sheikh Hasina has restored status of the jewellers by a modern gold policy which was time of the day. Leaders of Bangladesh Jewellers’ Association (BAJUS) made the statements during a view exchange meeting with Kurigram district unit on Thursday. BAJUS former

The pound rose against the dollar and government borrowing costs dipped as the markets reacted to Prime Minister Liz Truss's resignation. Sterling hit $1.13 as the Ms Truss made her announcement and rose higher in the afternoon before falling back to $1.12. One analyst said