Wednesday, 18 May, 2022

Business

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

Sayem Sobhan Anvir-led BAJUS to revive heritage of gold industry

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 a view exchange meeting organised by Barishal unit of BAJUS at BDS

Bangladesh Knowledge Forum (BKF) views on proposed national budget-2022

Bangladesh Knowledge Forum (BKF) expects the Budget 2021 to build upon the gains and strengths of the Bangladesh economy and the robust and remarkable economic performance achieved in the past years.  There is a need for further focus on knowledge-based approaches and

India bans wheat exports to cool prices at home

India has banned wheat exports with immediate effect as part of its steps to control the spike in prices at home, reports NDTV. Only export shipments for which letters of credit have been issued on or before yesterday's notification will be allowed, the government said. Besides,

Price of the essentials will soon reduce: Tipu  

Price of the essentials will soon reduce and traders will not be allowed to manipulate the price of the oil. We are strictly monitoring the market, said Commerce Minister Tipu Munshi Minister stated this while speaking as the chief guest at the triennial conference of Pirgachha Upazila

Egg-Onion price increased by Tk 5-10

Due to heavy rain for the past three days, the prices of chicken, eggs, vegetables and onions have gone up in the market. However, the prices of the other essentials are stable. The situation has been observed after visiting a number of retail markets in the capital on Friday (May 13).

BB rules out rumour of demonetising red Tk1000 notes

The Bangladesh Bank (BB) has dismissed a rumour saying that the central bank will demonetize the red coloured Tk1, 000 notes on May 30. General Manager Abul Kalam Azad issued a press release on Wednesday (May 11) in this regard. In the release, he said, "The BB noticed a

Hajj agencies won't get more than 300 tickets each

State Minister of Religious Affairs Faridul Haq Khan said the government decided not to provide more than 300 tickets to Hajj agencies each across the country this year.  A private agency will be required to send at least 100 pilgrims and at most 300 pilgrims this year, he said

US businesses keen to be part of Bangladesh's development

US entrepreneurs have reiterated their interest to be a part of Bangladesh's development and private sector transformation. They expressed their eagerness at the first-ever US-Bangladesh Business Summit held at a city hotel on Monday. Federation of Bangladesh Chambers of

Soybean oil price increased by Tk 38 per litre

The price of soybean oil has increased in the country due to hike in oil price in the international market. The price of per litre bottled soybean oil has been increased by Tk38 to Tk198 while per litre unpackaged soybean oil by Tk44 to Tk 180.   Besides, the price of 5 litre

Janata bank posts Tk 300cr net profit in 2021

State-owned Janata Bank posted the highest ever net profit of Tk 300 crore in 2021 since its start of operation supported by uptrend in all the key indicators.   Besides, it registered Tk 1000 crore operational profit, a level which could not be maintained after 2012, suggests

Uber loses $5.9bn as Asia investment values fall

Ride-hailing and delivery group Uber has made a $5.9bn (£4.7bn) loss, mostly due to its stakes in other companies. The firm said almost all of the loss was a result of the fall in the value of investments in businesses including two Asian ride-hailing giants - China's Didi

EU to propose phasing out Russian oil in new sanctions wave

The European Union will propose a phased out ban on Russian oil imports as part of its fresh round of sanctions against Russia for its invasion of Ukraine, sources said on Sunday (May 1). The European Commission, which draws up sanctions for the EU's 27 countries, is currently