Thursday, 28 Nov, 2024

Business

Bangladesh targets to export goods worth $100b by 2026

Commerce Minister Tipu Munshi today (Sep 17) said that the government fixed a target of attaining manufacturing goods exports worth $80 billion by 2024 and $100.0 billion by 2026. The Minister was speaking at the "Meet the Overseas Correspondents Association of Bangladesh

Royal fans give London tourism a bump amid UK economic woes

Royal fans have poured into the heart of London to experience the flag-lined roads, pomp-filled processions and, above all, brave a mileslong line for the once-in-a-lifetime chance to bid adieu to Queen Elizabeth II, who died after an unprecedented seven decades on the throne. And while

Gold price drops by Tk 1283 a bhori 

Jewellers lowered the price of gold by Tk 1283 to Tk 83281 a bhori (11.664 gram) as the price of pure gold fell in the local market. The price of 22-carat gold is now Tk 7,140 per gram while it is Tk 6,815 for 21-carat gold, according to a press release of Bangladesh Jeweller’s

Local trading needs to be off limits to foreign jewellery investors: BAJUS

Bangladesh Jewellers’ Association (BAJUS) has been unequivocal in opposing ornament trading in the local market by the foreign investors. BAJUS leaders at a programme in Sylhet said foreign investment in jewellery industry will be beneficial to the upgradation of the sector.

Gold prices go up again by Tk 1,283 a bhori

Jewellers increased the price of gold by Tk 1,283 to Tk 84,564 a bhari (11.664 grams) on the local market. The price of 22-carat gold is now Tk 7,250 per gram while it is Tk 6,920 for 21-carat gold, according to a press release issued by Bangladesh Jeweller’s Association (BAJUS)

Soybean oil price may come down: Tipu Munshi

Commerce Minister Tipu Munshi has expressed optimism that the price of soybean oil may come down in the next one to two months.   "Due to the high value of the US dollar, the price of daily commodities is not decreasing in the country. Commodity prices are expected to fall

BAJUS demands security for gold traders

Bangladesh Jeweller's Association (BAJUS) on Thursday (Sep 8) demanded the security for the gold traders across the country. The trade body appeared to press in protest against the killing of a jeweller by a group of miscreants in Chattogram's Patiya upazila on Tuesday. On

DNCRP to investigate price hike of toiletries

The Directorate of National Consumer Rights Protection (DNCRP) has formed an investigation team to unearth the reasons behind the hikes in prices of personal care toiletries products including soap, aromatic soap, detergent powder, toothpaste, shampoo and cleaner.   The members of

Two cases filed against Alesha Mart chairman 

A customer today (Sep 7) filed two separate cases against the chairman of scam-hit e-commerce platform Alesha Mart. Abdullah Al Mamun filed two cases, one for dishonouring cheque and another for not supplying him motorbikes in spite of paying the price in advance, against Alesha Mart

LPG price hiked by Tk 16 to Tk 1235 

The price of a 12-kg liquefied petroleum gas (LPG) cylinder has increased by Tk 16 to Tk 1,235. Bangladesh Energy Regulatory Commission (BERC) announced the fresh price on Wednesday (Sep 7). The new price rate will come into effect from 2:00 pm today. The price of different

Close evening banking to save power: Bangladesh Bank

Bangladesh Bank has directed to halt evening banking activities in a bid to save electricity. The Banking Regulations and Policy Department of the central bank issued a notification in this regard and sent it to top executives of banks for immediate effect Tuesday. The notification

Euro hits 20-year low against dollar

The euro sunk below $0.99 on Monday, a 20-year-low, following the announcement last week that Russia would cut off gas deliveries to Germany via the Nord Stream pipeline. The euro fell 0.70 percent to 0.9884 dollars Monday at 0535 GMT, its lowest since December 2002. The European

Two new Indian companies to invest in Bangladesh jewellery sector

After Malabar Gold and Diamonds, two other renowned companies of India have expressed their interest to invest in jewellery sector in Bangladesh. Dwarka Gems Ltd and Niraj Jewellers of India signed Expression of Interest (EOI) with Nazabi Group and Manna Sarder Pvt Ltd of Bangladesh in

Two hundred tons of TCB onion spoils 

Onions that were imported by the Trading Corporation of Bangladesh (TCB) from Turkey of 200 tons have been dumped due to rotten near the TCB office in the EPZ area of Chattogram. However, the rotten smell is spreading in the surrounding area. According to TCB sources, after

Bangladesh bags $2.03 billion remittance in August

Bangladesh in the month of August has received remittance of total US$2.03 billion. The latest information was disclosed by a report of Bangladesh Bank on Thursday (September 1). The country received 12.6 percent more remittance than August of the last year. The amount of remittance

Toggi Services to support implementation of Smart Bangladesh: Safwan Sobhan

Toggi Services Limited (TSL) has stepped into the fifth year of operations with a fresh vow to support implementation of ‘Smart Bangladesh’ envisioned by Prime Minister Sheikh Hasina. Safwan Sobhan, Vice Chairman of Bashundhara Group and Managing Director of TSL was

Economic zones make Bangladesh preferable investment destination

FBCCI President Md. Jashim Uddin has called for branding Bangladesh as the most favorable investment destination in this region by attracting local and global investment in the country's economic zones. He made this call during a courtesy meeting with the President of Bangladesh

Sundarbans reopens for tourists 

Bangladesh Forest Department has reopened the Sundarbans, the world’s largest mangrove forest and a Unesco World Heritage Site, for tourists from today (Sep 1), after the three-month entry ban imposed due to the breeding season of wild animals. Both the local and foreign tourists

BB instructs to sell extra foreign currencies by 30 Sep

Bangladesh Bank (BB) has instructed that people of Bangladesh can keep maximum of foreign currency $10,000 for a month. A notification regarding this has been issued by the central bank on Wednesday (Aug 31). According to it, a resident Bangladeshi can’t keep more than $10,000

Govt to import 1.6 lakh tones fertilisers from Dubai, Saudi Arabia

The government has decided to import 1,60,000 tones of MOP and Urea fertilisers from Duabi and Saudi Arabia. Cabinet Committee on Government Purchase at a meeting approved some proposals on Wednesday.  Finance Minister AHM Mustafa Kamal presided over the meeting. As per a