Bangladesh Bank (BB) has lifted the interest-rate cap to unshackle bankers for collecting deposits of three months and above, thus making the interest regime market-based. The central bank now did it as the interest rate on lending has already been made market-based. The Bangladesh

The United States unveiled sanctions Tuesday on individuals and companies based in China, Turkey, the United Arab Emirates and other countries, aiming to disrupt Moscow's military procurement networks amid its war in Ukraine. The latest actions take aim at people and entities

The International Monetary Fund (IMF) has approved the installment of US$682 million in the second portion of the $4.7 billion loan package allocated for Bangladesh. Finance Minister AHM Mustafa Kamal late last night confirmed, saying the approval came at the multilateral lender's

The largest exposition of jewellery sector in the country -- BAJUS Fair 2024-- is slated for February next year to showcase local innovations in gold and diamond products and the excellence of Bangladesh’s goldsmiths. To support the Vision 2041 of Prime Minister Sheikh Hasina,

The US House of Representatives on Monday passed a ban on imports of Russian uranium as lawmakers seek to add pressure on Moscow for its war on Ukraine, though the measure has waivers in case of supply concerns for domestic reactors. The bill must pass the Senate and be signed by

Gold price (XAU/USD) drifts lower for the second straight day on Monday and retreats further from an all-time peak touched last week.  The precious metal remains depressed below the $2,000 psychological mark through the first half of the European session and is pressured by some

SJC gold price fell 0.27% to VND73.8 million ($3,046.82) per tael Monday morning. Gold ring price dropped 0.32% to VND61.55 million per tael. A tael equals 37.5 grams or 1.2 ounces. During the early hours of trading in Asia on Monday, global gold prices rebounded from their recent

Directorate National Consumers' Rights Protection (DNCRP) on Monday (December 11) said that the government agency will take action if illegal stocks of onions are found anywhere in the country. AHM Shafiquzzaman, director general of the DNCRP has warned after taking part in a

The government has taken the initiative to import some 52,000 metric tons of onion from India against the LCs opened earlier in a bid to curtail the price of such an essential item in the local kitchen market. The Ministry of Commerce has already sent a letter to the Bangladesh High

The National VAT (value added tax) Day - 2023 will be observed tomorrow while the National VAT Week - 2023 will continue till December 15 across the country in a befitting manner. The National Board of Revenue (NBR) has chalked out various programmes to mark the National VAT Day and

India has extended restrictions on the outbound shipments of onions until the end of this fiscal year or March 31, 2024, as the government seeks to ensure ample supply in the country and keep a lid on prices of this key political crop that in the past was associated with toppling

U.S. President Joe Biden and leaders of the Group of Seven (G7) countries met virtually on Wednesday with Ukrainian President Volodymyr Zelenskyy in a show of solidarity and agreed to a new ban on Russian diamonds. The meeting was hosted by Japanese Prime Minister Fumio Kishida, this

Bitcoin now ranks among the top 7 most valuable traded assets in the world—topping a financial giant led by BTC skeptic Warren Buffett. The late Berkshire Hathaway Vice Chairman Charlie Munger called it “rat poison”; the company’s CEO, Warren Buffett, called it

The Bangladesh Jeweller’s Association (BAJUS) on Wednesday (December 6) announced a reduction in gold prices by Tk1,750 per bhori. According to BAJUS press release the price cut will be implemented from Thursday (December 6). The price of one bar (11.664 grammes) of gold has

Bashundhara Housing has been awarded the ‘most innovative property development firm’ on an international platform, setting a benchmark for the country's real estate industry. Singapore-based World Business Outlook magazine made the announcement at a global award

A meeting between Dr. Chowdhury Nafeez Sarafat, a business leader of Bangladesh and Badr I. AlBadr, Deputy Minister of Investors Outreach, Ministry of Investment, Kingdom of Saudi Arabia (KSA) was held in the capital Dhaka. The meeting marked the interaction between the two visionary

Negotiators from the European Parliament and EU member states on Tuesday reached an agreement to stop large retail groups of destroying unsold clothes and footwear. The rules are aimed at cracking down on the impact of "fast fashion" and reducing waste.  What we know

East West Media Group Limited (EWMGL), a concern of the country’s largest business conglomerate Bashundhara Group, has achieved the highest taxpayer status in “Print and Electronic Media” category for the 8th time in a row. A notification, signed by Senior Assistant

Gold prices soared to a record high above $2,100 on Monday as traders grow increasingly confident the Federal Reserve will cut interest rates in the new year. The precious metal struck $2,135.39 in early Asian trade, topping the previous all-time high set in 2020, during the pandemic.

The Bangladesh Energy Regulatory Commission (BERC) has increased the price of a 12kg liquefied petroleum gas (LPG) cylinder by Tk 117.02 to TK 1,404 for the month of December. In November, the price was increased by Tk 115.09 to TK 1,381.  BERC authority announced the new price