Card payment giants Visa and Mastercard announced Saturday they will suspend operations in Russia, the latest major US firms to join the business freeze-out of Moscow over its invasion of Ukraine. "Noting the unprecedented nature of the current conflict and the uncertain economic

Qatar-based Nebras Power Investment Management (NPIM) has acquired 24 percent share of Unique Meghnaghat Power Limited, a private power plant in Bangladesh. The NPIM bought the shares from Unique Hotels and Resorts Limited (UHRL) and Strategic Finance Limited (SFL), says a report

India and Bangladesh will soon finalise a joint study on the prospects of entering into a bilateral free trade agreement, which aims at further strengthening economic ties between the countries, the commerce ministry said on Saturday. The Commerce Secretary level meeting between India

Banks and other financial institutions here will be banned from doing business with four Russian banks, as part of sanctions the Republic is imposing to hit the Russian economy for the invasion of Ukraine. The sanctions will also involve a ban on the export of certain goods to Russia,

Bangladesh Jewellers' Association (BAJUS) has increased the price of gold in the domestic market by Tk 3,265 per bhori. The price of 22 carat gold increased by Tk 3,265 to Tk 78,265 per bhori (11.664 grams) while 21 carat gold increased by Tk 3,091 to Tk 74,766 and 18 carat gold

Leaders of Bangladesh Jewellers Samity (BAJUS) have hailed the firm determination of the organisation’s President and Bashundhara Group Managing Director Sayem Sobhan Anvir to revive the lost heritage of the gold business. They were addressing Khulna Divisional

Benchmark global oil prices surged above $110 a barrel, hitting a multiyear high, as concern mounted that Russia’s growing economic isolation since its invasion of Ukraine would disrupt global energy supplies.  The latest run-up came even after members of the International

Australia has officially assured that it would continue duty-free and quota-free access to Bangladesh exports even after graduation out of LDC in 2026. The commitment came at the meeting of the first joint working group on trade and investment held on 22 February 2022 at Canberra.

Bashundhara Group, the largest business conglomerate of the country, has greeted newly-appointed Dhaka Bank Limited Managing Director and Chief Executive Officer Emranul Huq. Emranul Huq took over as Managing Director and Chief Executive Officer of the Dhaka Bank Limited on February

Russia has more than doubled its key interest rate after the rouble slumped by 30% against the US dollar. Bank of Russia said it raised the rate to 20% from 9.5% to help cushion the impact on prices of the rouble's slide. It came as the UK, along with the US and EU, cut off

Bangladesh will be a model in the world jewellery industry under the leadership of Bangladesh Jewellers Samity (BAJUS) President Sayem Sobhan Anvir, speakers at a programme in Rajshahi said. Like BGMEA, BAJUS will be the top business organisation in the country, they hoped. 

The United Kingdom, Germany, Italy, Canada, the United States, France and the European Commission agreed to impose new "tough financial sanctions" on Russia, including disconnecting some of its banks from the SWIFT system, German government spokesman Steffen Hebenstreit told

Speakers at a programme in Rangpur on Friday said the jewellery industry will regain its lost glory under the leadership of Bangladesh Jewellers Samity (BAJUS) President Sayem Sobhan Anvir. They made the remarks while addressing the Rangpur Divisional Representatives’

Jewellery businessmen have proposed to cut the value-added tax (VAT) on retail sales of gold to 2 percent, saying that slashing the VAT rate will help increase the government’s revenue collection from the booming sector. At present, the jewellers have to pay 5 percent VAT on

Oil prices have surged past $100 (£74) a barrel after Russian President Vladimir Putin launched a "special military operation" in the eastern Donbas region of Ukraine. These are the highest levels seen by the international benchmark Brent crude futures in more than

Oil prices are climbing on fears that the Ukraine-Russia crisis will disrupt supplies across the world. The price of Brent crude, an international benchmark, reached a seven-year high of $97.76 (£72) a barrel on Tuesday. Russia ordered troops into two rebel-held regions in

The jewellery sector of India will get a huge export boost in the United Arab Emirates (UAE) market as it would get duty-free access there, while the gulf nation will get greater access to the gold market here as India will give duty concessions on import of up to 200 tonnes, Commerce

Bashundhara Group Vice Chairman Safwan Sobhan has been elected president of the Bangladesh Economic Zone Investors Association (BEZIA). He represents the Bashundhara Industrial Economic Zone in the platform of local and foreign investors. BEZIA election board chairman Dr Kazi Ertaza

Bangladesh Jewellers' Association (BAJUS) has decided to increase the price of gold in the local market by Tk 1,866 per bhori. The new rate will be effective from Thursday (Feb 10), says a press release signed by MA Hannan Azad, chairman of BAJUS Standing Committee on Pricing and

The production and marketing of bitumen is facing discrimination in taxation structure despite the government’s vision to promote home-grown industries. Despite being an important material for road and highway construction, the local bitumen industry is deprived of policy