Wednesday, 04 Oct, 2023


Mr. Sayef Uddin Nasir joins as MD of SMC ENTERPRISE LIMITED

Mr. Sayef Uddin Nasir has joined as the Managing Director (MD) of SMC ENTERPRISE LIMITED.  Mr.Nasirhas multi industry exposure with 3 major multinationals companies - British American Tobacco Bangladesh (BATB), Tetra Pak & Heidelberg Cement and major local conglomerates in

12kg LPG price goes up by Tk 79

The Bangladesh Energy Regulatory Commission (BERC) has increased the price of a 12kg liquefied petroleum gas (LPG) cylinder by Tk 79 to TK 1,363for the month of September. In August, the price was Tk 1,284.  BERC chairman Nurul Amin announced the new price at a press conference

Default loans hit record Tk 1.56 lakh crore

Non-performing loans (NPLs) in the country's banking sector reached a record high of Tk 1,56,039 crore at the end of June this year, according to the latest Bangladesh Bank data. Such loans rose by Tk 35,383 crore between January and June, and Tk 24,419 crore between March and

Bangladesh’s remittance inflow falls for third straight month

Expatriate Bangladeshis sent around US$1,343.66 million remittances during the month of September in the fiscal 2023-24. Remittance earnings of Bangladesh continued to plunge for the third consecutive month with a 13 percent year-on-year drop in September. As per Bangladesh Bank

Gold prices drop by Tk1,749 per bhori

The Bangladesh Jeweller's Association (Bajus) on Saturday (September 30) announced a reduction in gold prices by Tk1,749 per bhori. The price of gold has been slightly reduced in the country's market, according to a press release by Bangladesh Jeweller’s Association

Gold producer Evolution awards A$155M contract to expand its Mungari mine

ASX-listed gold producer Evolution Mining (ASX: EVN) today announced it has awarded a contract to GR Engineering Services to complete the plant expansion works at its Mungari gold mine in Western Australia. According to Evolution, these works are expected to total A$155 million and are

Chinese gold prices fall to 2020 levels, eliminating record spot premium

Gold prices in China fell to three-year lows on Friday following the government’s decision to allow more imports of the precious metal, according to reports. Gold was down 3.8% on the Shanghai Gold Exchange, closing the final day of the trading week only $10 per ounce higher than

Gold prices end the week, month, and quarter lower; the selloff isn't done

The rally in the U.S. dollar and higher U.S. bond yields have proven too much for the gold market as prices look to end the week at a 6.5 month low, and there could be more weakness to come as the U.S. central bank maintains its restrictive monetary policy for the foreseeable future.

Gold prices drop by Tk1,284 per bhori

The Bangladesh Jeweller’s Association (BAJUS) on Wednesday (September 27) announced a reduction in gold prices by Tk1,284 per bhori. According to a BAJUS press release, the price cut comes as a result of a decline in the local market value of pure gold. The price of one bar

Bangladesh Festival from Wednesday marking World Tourism Day

A four day ‘Bangladesh Festival’ will be held in the capital from September 27-30 to showcase the country’s various rich tourism products and services marking the World Tourism Day.   “This festival will be a platform to showcase all untapped tourist

Electric car rules could cost carmakers billions

New Brexit trade rules covering electric vehicles could cost European manufacturers £3.75bn over the next three years, an industry body has said. The rules are meant to ensure that EU-produced electric cars are largely made from locally sourced parts. But manufacturers on both

Income tax return filing mandatory by Nov 30

The government has made mandatory the submission of tax return by November 30, according to the Income Tax Act 2023.  The Income Tax Act, 2023 received the President's assent on June 22. The Income Tax Ordinance, 1984 was repealed and this new law was enacted. For informing

Russia temporarily bans export of petrol, diesel to stabilise domestic market

Russia has temporarily banned exports of petrol and diesel to all countries outside a circle of four ex-Soviet states with immediate effect, in order to stabilise the domestic market. “Temporary restrictions will help saturate the fuel market, which in turn will reduce prices for

Govt now allows six companies to import eggs

The government on Thursday (September 21) allowed total six companies to import eggs. Earlier, on 18 September four companies were given permission to import eggs and they are- M/S Meem Enterprises, Prime Energy Importers Enbod Suppliers, Tiger Trading, Arnob Trading ltd. Commerce

Ukraine to sue Poland, Hungary, Slovakia on produce bans

Ukraine intends to sue European neighbors Poland, Hungary and Slovakia over unilateral bans they announced on Ukrainian agricultural products, after the European Union allowed bloc-wide restrictions to expire. Ukrainian officials said Kyiv would lodge its official compliant to the

Govt approves import of eggs from India

The government on Sunday (September 18) approved the import of eggs from neighboring India in an effort to stabilize the fluctuating local egg market. The commerce ministry gave approval to four firms to import one crore eggs each. The Public Relations Officer of the Ministry of

Car factory example of Bangladesh's advancing dev: S Korean envoy

South Korean Ambassador to Bangladesh Park Young-sik on Saturday (September 16) highlighted the significance of the car factory as a unique milestone in Bangladesh's developmental journey. He expressed his satisfaction with the establishment of the car manufacturing plant in

NRB CIPs announce 15-point demand to boost remittance inflow

Putting forth a comprehensive 15-point demand, the NRB CIP Association today (September 16) said the fulfillment of the demands will not only enhance the government's image among expatriates but also help increase remittances to Bangladesh. The apex organisation of expatriate

Bashundhara Readymix opens fifth unit at Bhulta, Narayanganj 

Bashundhara Readymix and Construction Industries Limited (BRMCIL) has officially inaugurated its fifth ready-mix plant in the Bhulta area of Narayanganj, dedicated to producing high-quality ready-mix concrete products for the construction industry. Mirza Mujahidul Islam, the Chief

Diana’s iconic ‘Black Sheep’ sweater sells at auction for $1.1m

A red sweater worn by a young Princess Diana featuring a single black sheep among rows of woolly white sheep has sold at auction for more than $1.1m, following a frenetic bout of final online bidding, the Sotheby’s auction house has announced. Worn by 19-year-old Diana shortly