Wednesday, 25 May, 2022

Business

Bangladesh plans to import wheat from India

Bangladesh has a plan to import up to 10 lakh tonnes of wheat from India under government to government contract. According to the source, the concerned food ministry has already taken necessary steps. Bangladesh has sent an offer letter to the Bangladesh High Commission in India

High profile nordic business event marks 50 years of relations with bangladesh

On 24 May, the Nordic Embassies in Dhaka - the Embassies of Denmark, Norway and Sweden - in collaboration with the Nordic Chamber of Commerce and Industry in Bangladesh (NCCI), organized a Business Promotion Event with sustainability as its overarching theme. The event was arranged as

Food export bans raising concerns

Malaysia says it will cut the export of chickens from the start of June because of shortages in the country. Elsewhere in Asia, India has banned wheat exports, while Indonesia blocked overseas sales of palm oil. It comes as the world faces the worst food crisis in decades following

Gold business sees significant development in just 6 months

The reception ceremony for new members of the Bangladesh Jewelers Association (BAJUS) has ended in Narayanganj on Monday (May 23).  According to the participants, within just six months, the gold business in Narayanganj experienced a significant development that did not happen in

Seventeen banks receive appreciation letter from BB governor

Bangladesh Bank (BB) Governor Fazle Kabir have given appreciation letter to Seventeen banks for achieving the target of disbursing loan for special refinance scheme under Covid-19 stimulus package of Taka 5,000 crore successfully. The Managing directors and chief executive officers of

Document not needed for cash incentive over Tk 5 lakh remittance

Bangladesh Bank (BB) has relaxed the requirement for availing 2.5 percent cash incentive for inward remittances over US$5,000 or Taka 5 lakh. From now, non-resident Bangladeshis (NRBs) and migrant workers will not require presenting documents while sending over $5,000, or Taka 500,000

Identify perpetrators behind e-commerce scams: HC

The High Court (HC) on Monday (May 23) ordered authorities concerned to identify people and companies behind e-commerce scams across the country. A High Court division bench of Justice Md Mozibur Rahman Miah and Justice Khizir Hayat issued the order after holding a hearing on three

Fraud in name of commodities exchange; BSEC seeks clarification from 2 companies

Reliable Commodities Exchange Company and Buraq Commodities Exchange Co. have allegedly been involved in commodities exchange business with the licences of gold business. Bangladesh Securities and Exchange Commission (BSEC) has sought clarification from the two companies as they are

Gold price increases to Tk 82,464 per bhori

Bangladesh Jewellers' Association (BAJUS) has decided to increase the price of gold in the domestic market by Tk 4,119 per bhori. The new rate will be effective from Sunday (May 22), says a press release. The prices of gold in the local market had been adjusted in line with the

Rural people feel the pinch of inflation most

Bangladesh's overall inflation hit one-and- a-half-year high at 6.29 percent with rural people feeling the pinch more. According to the latest figures from Bangladesh Bureau of Statistics, the point-to-point general inflation edged up for the third consecutive month in April as the

Indonesia to lift palm oil export ban from Monday -president

Indonesia will lift its palm oil export ban from Monday, May 23, following improvements in the domestic cooking oil supply situation, President Joko Widodo said on Thursday. The decision to lift the ban was taken despite the price of bulk cooking oil having not yet reached the targeted

Stock markets fall amid concern over rising prices

Stock markets in Asia and the US have fallen over concerns that rising prices could send the global economy into a slowdown. US shares saw their biggest one-day drop since 2020 after downbeat earnings reports from some of America's biggest retailers. Target said unexpectedly

Deal Won't Move Forward Elon Musk's Ultimatum

Elon Musk said on Tuesday his $44 billion offer would not move forward until Twitter Inc shows proof that spam bots account for less than 5% of its total users, hours after suggesting he could seek a lower price for the company. "My offer was based on Twitter's SEC filings

India to allow wheat shipments awaiting customs clearance

India has decided to allow shipments of wheat consignments, which were registered with the Customs authority before the wheat export ban came into force last week. "It has been decided that wherever wheat consignments have been handed over to Customs for examination and have been

Taka devalued against Dollar 

For the last two years, the value of the taka against dollar in the country's money market has been declining. On Monday (May 16), the value of the taka was reduced by a further Tk0.8 against the dollar. Even within the last month, Bangladesh Bank reduced the value of the taka

Sayem Sobhan Anvir to revamp country's gold sector

Bangladesh Jewelers Association (BAJUS) will revamp the country's jewellery industry under the leadership of its President Sayem Sobhan Anvir. Dr Dilip Kumar Roy, former BAJUS president and chairman of District Monitoring Standing Committee made the remark at a view-exchange

Sayem Sobhan Anvir-led BAJUS to rejuvenate jewellery industry

Bangladesh Jewellers Association (BAJUS) led by its president Sayem Sobhan Anvir is working to implement Prime Minister Sheikh Hasina’s gold policy and make necessary reforms in the sector. Besides, the lost glory of gold industry will be revived by BAJUS with vibrant steps on

Adani to buy Holcim 

Billionaire Gautam Adani's conglomerate plans to buy Switzerland-based Holcim AG's cement businesses in India for $10.5 billion, becoming the country's No. 2 cement manufacturer in its largest-ever acquisition. Under the deal, the biggest in India since 2018, Adani Group

BAJUS to take responsibility of its members

Leaders of the Bangladesh Jewellers Association (BAJUS) said the lost heritage of the country's jewellery industry would be resorted by the association president Sayem Sobhan Anvir. They made the remarks at an exchange meeting organized by BAJUS, at Fatema Convention Center

BAJUS urges customers to buy ornaments from its members

Bangladesh Jewellers Association (BAJUS) on Sunday (May 15) requested customers to refrain from buying ornaments from jewelers which are not members of the organisation. Dr Dilip Kumar Roy, former president of the BAJUS and chairman of District Monitoring Standing Committee, made the