Thursday, 28 Nov, 2024

Business

People in Pakistan urged to reduce tea consumption

People in Pakistan have been asked to reduce the amount of tea they drink to keep the country's economy afloat. Sipping fewer cups a day would cut Pakistan's high import bills, senior minister Ahsan Iqbal said. The country's low foreign currency reserves - currently

Bangladesh seeks further IP facility’s continuation even after LDC graduation

Bangladesh has sought continuation of the existing intellectual property (IP) facility even after its graduation from the least developed countries (LDCs) list. “Considering the impact of Covid-19 pandemic, Bangladesh strongly demanded continuation of IP facility till at least

Gold Park to be built in country: BAJUS

Bangladesh Jeweller's Association (BAJUS) leaders have pledged to build a ‘Gold Park’ in the country aiming to reduce dependency on foreign countries They also said the organisation is working in every district for renovating the sector under the leadership of its

Chapai-Dhaka Special Mango Train launched 

The special mango train with tonnes of mangoes left Rahanpur Rail Station in Chapainawabganj for Dhaka on Monday afternoon, railway authorities said. Chief Transportation Officer of Bangladesh Railway West zone, Shahidul Islam inaugurated the special train service for transporting

BAJUS President for uniting jewellers to revamp gold sector

Bangladesh Jeweller's Association (BAJUS) President Sayem Sobhan Anvir's effort is on to bring all jewellers under an umbrella to forge unity. Leaders of the BAJUS made the remarks at a view exchange meeting at Kishoreganj on Monday (June 13). BAJUS executive member and

Mango special train begins this afternoon 

The Bangladesh Railway is set to launch a ‘special mango train’ on Chapainawabganj-Dhaka route via Rajshahi this afternoon. All sorts of preparations to launch the train from Monday for transporting mango to Dhaka from this mango producing area for the benefit of the

Stock markets slide over global economy concerns

Asian stock markets have fallen sharply as soaring prices in America triggered fears the Federal Reserve will take tougher action to rein in inflation. At the same time the US dollar strengthened to 135 Japanese yen for the first time in over two decades. It comes as official

Bashundhara Cement's workshop to boost skills of masons in Tangail

Bashundhara Cement arranged a workshop for masons in Tangail to boost their expertise in making artistic and sustainable constructions. The workshop titled ‘Masons’ contribution in artistic construction’ was held at a restaurant in Tangail district on Saturday (June

Beef fattening becomes boon for Rajshahi villagers

Beef fattening activities have become vibrant everywhere in the Rajshahi area, as the villagers looking for lucrative profits ahead of the forthcoming Eid-Ul-Azha. This type of beef fattening everywhere in the region has been contributing a lot towards improving living and livelihood

Saudis cut oil flows to China while meeting most Asian requests

Japan, South Korea, Thailand and India will get the oil volumes they had sought, with some even getting extra supplies, according to refinery officials who asked not to be identified as the information is private. Saudi Arabia will provide some Chinese buyers with less crude than they

Corporate tax further reduces in FY23

The government has decided to reduce corporate tax rates further in the proposed budget for new fiscal year (2022-2023). All receipts and income must be transacted through bank transfer, Finance Minister AHM Mustafa Kamal said while placing the proposed national budget for FY23 at

Kamal mentions six major challenges for FY23

Finance Minister AHM Mustafa Kamal saw six major challenges for fiscal year (FY23) and said that the government needs to be pragmatic in addressing these challenges as any failure to address them properly may destabilize the macroeconomic stability.    While placing the

Thailand legalises growing cannabis trade, eases consumption rules

People in Thailand can now grow cannabis plants at home and sell the crop after the nation removed marijuana from its banned narcotics list. The nation is the first to advance such a move in South-East Asia, a region known for its stringent drug laws. But recreational use is still

Export earnings to cross $80b by 2024: Tipu

Commerce Minister Tipu Munshi on Monday (June 6) expressed his hope that the country's export earnings would cross $80 billion by 2024. He said: "We've earlier set an export earnings target of $51 billion in this fiscal year (FY22). Now, we're hoping that this figure

Saudi Arabia raises oil prices more than expected for Asia

Saudi Arabia, the world’s biggest oil exporter, raised oil prices for its largest market in Asia more than expected as major economies in the region eased coronavirus restrictions, helping boost demand, Bloomberg reported.  The increase for July shipments resumes a series of

BB fixes interbank dollar rate at Tk 91.5

The Bangladesh Bank has fixed the interbank exchange rate of the US dollar at Tk 91.5. The price was increased by Tk1.6 from Sunday's rate (Tk89.90). Previously on Sunday, most banks in the country settled import Letters of Credit (LCs) at Tk91.50-Tk92 per dollar, two days after

Jeweller comes under criminal attack in Madaripur 

A jeweller in Madaripur sadar has come under criminal attack for refusal to pay extortion. Two extortionists hacked the trader named Munna Jamaddar demanding Tk 2 lakh extortion on Saturday. The victim received treatment from a local hospital. The attackers have been identified as

Jewellery sector to be revamped under leadership of BAJUS President Anvir

The country’s jewellery sector will be stronger under the apt leadership of Bangladesh Jewellers Association (BAJUS) President Sayem Sobhan Anvir and a training institute will be established for hiking expertise of the goldsmiths. Former BAJUS President Dr Dilip Kumar Roy made

Govt plans to cut source tax on gold to curb smuggling

The government plans to withdraw the existing 5% source tax on the import of gold to encourage imports through the formal channel, finance ministry officials have said. According to the officials, this step is to prevent smuggling of the precious metal. Under the Baggage Rules of

Indian tea gets rejected due to high pesticide 

Both international and domestic buyers have rejected a series of tea consignments due to the presence of pesticides and chemicals beyond permissible limits, Indian Tea Exporters Association (ITEA) chairman Anshuman Kanoria said today. Filling up the vacuum created by crisis-hit Sri