Saturday, 01 Apr, 2023


Price of daily commodities falling: Tipu Munshi

Commerce Minister Tipu Munshi MP said the prices of many essential commodities have already come down.   The minister said this while talking to journalists at his residence on the Central Road in the city today (March 31). He said the prices of some products in the market

Al Haramain Perfumes now at Gulshan

World's best fragrance brand Al Haramain Perfumes (AHP) opened its ninth outlet in capital’s Gulshan. AHP director Samira Rahman inaugurated the showroom at Centre Point in Gulshan-2 as chief guest on Friday (March 31). Unimart chief executive officer Murtoza Zaman, United

Japan to restrict chip equipment exports amid China fears

Japan’s government has announced plans to restrict exports of 23 types of semiconductor manufacturing equipment, aligning its technology trade controls with a US push to curb China’s ability to make advanced chips. The Economy, Trade and Industry Ministry said in a press

Bashundhara begins fair price sale of 23 products to keep market stable

Bashundhara Group, the country’s largest business conglomerate, has started fair price sale of 23 products to ease the sufferings of poor and middle-level customers. With the slogan “Bashundharar Ponno, Bhoktar Jonno (Bashundhara’s Products, Meant for Customers), the

Alibaba to Split Into 6 Groups and Explore IPOs in a Departure From Jack Ma Era

Chinese e-commerce giant Alibaba Group Holding Ltd. BABA 8.64%increase; green up pointing triangle said it plans to split itself into six independently run companies that could seek separate IPOs, effectively dismantling a business empire built over two decades by charismatic entrepreneur

Saudi Aramco takes $3.6 billion stake in China oil refinery

Saudi Aramco, the world's biggest oil producer, has agreed to buy a 10 per cent share in one of China's oil refining giants for 24.6 billion yuan ($3.6 billion), in a move that significantly expands its refining presence and secures future sales into the country. Apart from the

Market has no food shortage: Industries Minister

The Industries Minister Nurul Majid Mahmud Humayun today (March 27) said there is no shortage of any product in the market, rather the problem lies in the supply chain. The Minister of Industry remarked this while speaking as a chief guest at the MoU signing ceremony between the

Pakistan's inflation soars to 47% fueled by high food prices

Crisis-hit Pakistan recorded a new high in inflation based on sensitive price indicator (SPI) as it went to around 47% year on year (YoY) the week ended March 22, 2023, according to Pakistan Bureau of Statistics (PBS) data. This came following a continued hike in prices of essential

Russia reveals its gold stash after it adds 1 million ounces

Russia bought one million ounces (31 tonnes) of gold after its invasion of Ukraine. Following a pause in reporting, Russia shed some light on how much gold it purchased over the past year. As of March 2023, Russia's central bank holds 74.9 million ounces of gold worth $135.6

Oil prices drop amid profit-taking

Oil prices declined on Thursday, snapping a three-day winning streak, Trend reports citing Xinhua. The West Texas Intermediate for May delivery dropped 94 cents, or 1.33 percent, to settle at 69.96 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for May delivery

Japan inflation slows to 3.1% in Feb, food prices jump

Japan's core consumer prices rose 3.1 percent in February from a year earlier, slowing from a four-decade high as government subsidies on utility bills curbed inflationary pressure while surging food prices threaten to dampen household sentiment, government data showed Friday. The

Gold price rise again

The gold price in the local market has jumped by Tk 1,166 to record Tk 97,627 per bhori. Standing committee on pricing and price monitoring of Bangladesh Jeweller’s Association (BAJUS) made the decision at a meeting held on Thursday (March 23). The price of 22-carat gold is

Broiler chicken price to be reduced by Tk 40 during Ramadan

Farm owners today (March 23) assured that the broiler chicken would be sold from the farms at Tk 190-195 per kg during the month of Ramadan.  Director General of Directorate of National Consumers Right Protection (DNCRP) AHM Shafiquzzaman said this on Thursday (March 23). He

Bangladesh Bank to sell 25kg gold through auction

The Bangladesh Bank has decided to sell 25 kilograms of gold in an auction. A notification in this regard will soon be issued. According to the central bank sources, interested certified gold traders can participate in this auction. The gold recovered during smuggling is

US raises interest rates despite banking turmoil

The US central bank has raised interest rates again, despite fears that the move could add to financial turmoil after a string of bank failures. The Federal Reserve increased its key rate by 0.25 percentage points, calling the banking system "sound and resilient". But it

Gold price falls by Tk1,167 per bhori

Bangladesh Jewelers Association (Bajus) has decided to reduce the price of gold by Tk 1,167 to Tk96,461 per bhori. With the new rate effective from Thursday (March 23), according to a BAJUS release Earlier on March 21, Bajus decided to reduce the price of gold by Tk 1,166 to

Bangladesh, Bhutan sign agreement on transit

Bangladesh and Bhutan today (Mar 22) signed the "Agreement on movement of traffic-in-transit and protocol" at Thimpu, the capital of Bhutan, to ease further bilateral trade between the two countries. Commerce Minister Tipu Munshi and Bhutanese Minister, Ministry of Industry,

Record high prices to weigh on demand for gold

The demand for gold is expected to take a hit if the price of the yellow metal which has been hovering around 60,000, a level never seen before - remains elevated. Due to a sharp increase in price in a very short time and the flow of smuggled gold continuing, gold price in Mumbai is

Gold fails to glitter but metal producers can act as precious buffer in times of stress

This column’s record with gold miners is chequered at best, dreadful at worst, showing that even sitting on a gold mine is no guarantee of riches. Last week’s full-year results for 2022 from Centamin did not particularly shine, and nor did guidance for 2023, but there may

Gold prices drop by Tk1,166 per bhori

Bangladesh Jewelers Association (Bajus) has decided to reduce the price of gold by Tk 1,166 to Tk97,628 per bhori.  With the new rate effective from Wednesday (March 22), according to a BAJUS release. Earlier on March 18, the gold price in the local market jumped by Tk 7,698 to