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.

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

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

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

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 The Income Tax Ordinance, 1984 was repealed and this new law was enacted.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 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

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 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

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

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

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 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

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

Petal Tissue has entered the market with a softer and more absorbent product. The new brand embarked on its journey with an inauguration ceremony held at the Bashundhara Industrial Headquarters on Thursday, a press release said. Bashundhara Paper Mills Limited has utilized cutting-edge

The government has set the prices of eggs, potato and onion for the first time in the local market. The price of egg has been fixed at Tk 12 per piece at the retail level. Commerce Minister Tipu Munshi announced the new fixed price of eggs at a press conference held at the commerce

Bashundhara Toiletries Limited, a concern of Bashundhara Group, has officially unveiled its logo on Wednesday (September 13). The logo-unveiling ceremony was held at Bashundhara Industrial Headquarters at Bashundhara Residential Area in the capital. On June 25, the country’s

Prime Minister Sheikh Hasina today inaugurated the two-day Commonwealth Trade and Investment Forum-2023 aiming to boost trade, commerce and investment of Bangladesh with other Commonwealth countries. She opened the grand inauguration of forum as the chief guest in capital's

The world’s demand for oil, gas and coal will begin to decline this decade in “the beginning of the end” of the fossil fuel era, according to the global energy watchdog. The International Energy Agency (IEA) has projected for the first time that fossil fuel

Australia's highest court has rejected a bid by Qantas to overturn a ruling that it illegally outsourced 1,700 jobs during the pandemic. The court unanimously upheld that the carrier had unlawfully laid off staff at 10 airports in November 2020. The ruling found that Qantas

The Ukrainian military said it has recaptured several strategic gas and oil drilling platforms from Russia in the Black Sea close to Crimea, which Moscow’s forces had occupied since 2015. The recapture of the so-called Boyko Towers platforms, which was reported on Monday, takes