Friday, 30 Sep, 2022

Business

Indigo Air restarts Dhaka-Hyderabad flight this Nov

Indian private airlines company Indigo Air is again going to start flights on the Dhaka-Hyderabad route this November. The Authority of Indigo Air informed this in a notification on Wednesday (Sep 28). The company will run flights on this route three days a week, said the

War in Ukraine drags on global economy into 2023, OECD says

Russia’s war in Ukraine and the lingering effects of the COVID-19 pandemic are dragging down global economic growth more than expected and driving up inflation that will stay high into next year, the Organization for Economic Cooperation and Development said Monday in a darkening

FBCCI president 'Honored' by New York State Assembly

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Md Jashim Uddin has received prestigious "Honor" from New York State Assembly, the lower chamber of the New York State Legislature. Md Jashim Uddin is the very first Bangladeshi business leader,

Gold price drops by Tk 1,086 per bhori

The country’s jewellers authority has lowered the price of gold by Tk 1,086. The new price of best quality gold now stands at Tk 81,298 per bhori (11.664 grams) in the domestic market. Bangladesh Jewellers Association (BAJUS) said the new price of gold will be implemented from

Govt forms committee to ease business in Bangladesh

The government of Bangladesh has formed a committee to meet the challenges of transforming Bangladesh from Least Developed Country (LDC) status and ease of doing business. In this regard, a consultative committee comprising of government and private sector representatives and

Pound slumps to all-time low against dollar

The pound has hit an all-time low against the dollar after the bonanza of tax cuts and spending measures in Kwasi Kwarteng’s mini-budget threatened to undermine confidence in the UK. The pound plunged nearly 5% at one point to $1.0327, its lowest since Britain went decimal in

Japan to reopen to mass tourism in October

Japan, one of the world's last major holdouts during the pandemic, is dissolving its Covid-19 restrictions and opening the door back up to mass tourism. Beloved for its unique mix of vibrant urban culture and natural beauty, the country is lifting its tight regulations on foreign

Price reduced: Palm oil Tk133 a litre, sugar Tk89 per kg 

The government today (Sep 22) reduced the price of palm oil by Tk 12 to Tk 133 per litre while the price of sugar was reduced by Tk 6 to Tk 89 per kilogram. Senior Secretary of the Ministry of Commerce Tapan Kanti Ghosh today said that the prices of palm oil and sugar have been reduced

Govt to buy 1.65cr litres of soybean oil for TCB

The government has decided to procure 1.65 crore litres of soybean oil for the state-run Trading Corporation of Bangladesh (TCB).  The decision was taken today at a meeting of the Cabinet Committee on Government Purchase (CCGP) chaired by Finance Minister AHM Mustafa Kamal.  

‘Risks loom large’: Asian Development Bank cuts growth forecast

The Asian Development Bank (ADB) has slashed its economic growth forecast for Asia’s developing economies, pointing to challenges including China’s “zero COVID” lockdowns, the war in Ukraine and rising interest rates. The Manila-based development bank said on

6 injured in BCL factional clash at Chattogram College

At least six activists were injured in a clash between two factions of the Chhatra League League (BCL) at Chattogram College in Chattogram on Tuesday (Sep 20). The injured were identified as Safayet Hossain Raju (Mathematics 4th year), Hamim Rafsan (HSC 2nd year), Jahedul Abhi (History

BAJUS issues cautionary notice for buyers & sellers

Bangladesh Jewellers’ Association (BAJUS) has issued a cautionary notice for the buyers and the sellers of gold to bring transparency, accountability, discipline and business standard to the country's jewellery industry. Standing Committee on Anti-Smuggling and Law

Porsche valued at up to $75bn in share sale

German car making giant Volkswagen (VW) has said it is aiming for a valuation of up to 75 billion euros ($75bn; £65.8bn) for Porsche when the luxury brand is floated on the stock market. Trading in the shares is due to start in Frankfurt on 29 September. A prospectus will be

Nearly 100 killed in Kyrgyzstan-Tajikistan border fighting

At least 94 people have been killed in clashes on the Kyrgyzstan-Tajikistan border - the deadliest clashes in years. Fighting between the two Central Asian states broke out on Wednesday, before a ceasefire was brokered on Friday. Clashes regularly erupt between the two former Soviet

Gold price falls by Tk 933 per bhori

Jewellers in the country have reduced gold prices Tk 933 to Tk 82, 348 a bhori (11.664 gram) as price of pure gold fell in the local market. The price of 22-carat gold is now Tk 7,060 per gram while it is Tk 6,740 for 21-carat gold, according to a press release of Bangladesh

Bangladesh targets to export goods worth $100b by 2026

Commerce Minister Tipu Munshi today (Sep 17) said that the government fixed a target of attaining manufacturing goods exports worth $80 billion by 2024 and $100.0 billion by 2026. The Minister was speaking at the "Meet the Overseas Correspondents Association of Bangladesh

Royal fans give London tourism a bump amid UK economic woes

Royal fans have poured into the heart of London to experience the flag-lined roads, pomp-filled processions and, above all, brave a mileslong line for the once-in-a-lifetime chance to bid adieu to Queen Elizabeth II, who died after an unprecedented seven decades on the throne. And while

Gold price drops by Tk 1283 a bhori 

Jewellers lowered the price of gold by Tk 1283 to Tk 83281 a bhori (11.664 gram) as the price of pure gold fell in the local market. The price of 22-carat gold is now Tk 7,140 per gram while it is Tk 6,815 for 21-carat gold, according to a press release of Bangladesh Jeweller’s

Local trading needs to be off limits to foreign jewellery investors: BAJUS

Bangladesh Jewellers’ Association (BAJUS) has been unequivocal in opposing ornament trading in the local market by the foreign investors. BAJUS leaders at a programme in Sylhet said foreign investment in jewellery industry will be beneficial to the upgradation of the sector.

Gold prices go up again by Tk 1,283 a bhori

Jewellers increased the price of gold by Tk 1,283 to Tk 84,564 a bhari (11.664 grams) on the local market. The price of 22-carat gold is now Tk 7,250 per gram while it is Tk 6,920 for 21-carat gold, according to a press release issued by Bangladesh Jeweller’s Association (BAJUS)