Monday, 15 Aug, 2022

Business

Mango special train begins this afternoon 

The Bangladesh Railway is set to launch a ‘special mango train’ on Chapainawabganj-Dhaka route via Rajshahi this afternoon. All sorts of preparations to launch the train from Monday for transporting mango to Dhaka from this mango producing area for the benefit of the

Stock markets slide over global economy concerns

Asian stock markets have fallen sharply as soaring prices in America triggered fears the Federal Reserve will take tougher action to rein in inflation. At the same time the US dollar strengthened to 135 Japanese yen for the first time in over two decades. It comes as official

Bashundhara Cement's workshop to boost skills of masons in Tangail

Bashundhara Cement arranged a workshop for masons in Tangail to boost their expertise in making artistic and sustainable constructions. The workshop titled ‘Masons’ contribution in artistic construction’ was held at a restaurant in Tangail district on Saturday (June

Beef fattening becomes boon for Rajshahi villagers

Beef fattening activities have become vibrant everywhere in the Rajshahi area, as the villagers looking for lucrative profits ahead of the forthcoming Eid-Ul-Azha. This type of beef fattening everywhere in the region has been contributing a lot towards improving living and livelihood

Saudis cut oil flows to China while meeting most Asian requests

Japan, South Korea, Thailand and India will get the oil volumes they had sought, with some even getting extra supplies, according to refinery officials who asked not to be identified as the information is private. Saudi Arabia will provide some Chinese buyers with less crude than they

Corporate tax further reduces in FY23

The government has decided to reduce corporate tax rates further in the proposed budget for new fiscal year (2022-2023). All receipts and income must be transacted through bank transfer, Finance Minister AHM Mustafa Kamal said while placing the proposed national budget for FY23 at

Kamal mentions six major challenges for FY23

Finance Minister AHM Mustafa Kamal saw six major challenges for fiscal year (FY23) and said that the government needs to be pragmatic in addressing these challenges as any failure to address them properly may destabilize the macroeconomic stability.    While placing the

Thailand legalises growing cannabis trade, eases consumption rules

People in Thailand can now grow cannabis plants at home and sell the crop after the nation removed marijuana from its banned narcotics list. The nation is the first to advance such a move in South-East Asia, a region known for its stringent drug laws. But recreational use is still

Export earnings to cross $80b by 2024: Tipu

Commerce Minister Tipu Munshi on Monday (June 6) expressed his hope that the country's export earnings would cross $80 billion by 2024. He said: "We've earlier set an export earnings target of $51 billion in this fiscal year (FY22). Now, we're hoping that this figure

Saudi Arabia raises oil prices more than expected for Asia

Saudi Arabia, the world’s biggest oil exporter, raised oil prices for its largest market in Asia more than expected as major economies in the region eased coronavirus restrictions, helping boost demand, Bloomberg reported.  The increase for July shipments resumes a series of

BB fixes interbank dollar rate at Tk 91.5

The Bangladesh Bank has fixed the interbank exchange rate of the US dollar at Tk 91.5. The price was increased by Tk1.6 from Sunday's rate (Tk89.90). Previously on Sunday, most banks in the country settled import Letters of Credit (LCs) at Tk91.50-Tk92 per dollar, two days after

Jeweller comes under criminal attack in Madaripur 

A jeweller in Madaripur sadar has come under criminal attack for refusal to pay extortion. Two extortionists hacked the trader named Munna Jamaddar demanding Tk 2 lakh extortion on Saturday. The victim received treatment from a local hospital. The attackers have been identified as

Jewellery sector to be revamped under leadership of BAJUS President Anvir

The country’s jewellery sector will be stronger under the apt leadership of Bangladesh Jewellers Association (BAJUS) President Sayem Sobhan Anvir and a training institute will be established for hiking expertise of the goldsmiths. Former BAJUS President Dr Dilip Kumar Roy made

Govt plans to cut source tax on gold to curb smuggling

The government plans to withdraw the existing 5% source tax on the import of gold to encourage imports through the formal channel, finance ministry officials have said. According to the officials, this step is to prevent smuggling of the precious metal. Under the Baggage Rules of

Indian tea gets rejected due to high pesticide 

Both international and domestic buyers have rejected a series of tea consignments due to the presence of pesticides and chemicals beyond permissible limits, Indian Tea Exporters Association (ITEA) chairman Anshuman Kanoria said today. Filling up the vacuum created by crisis-hit Sri

Elon Musk wants to cut 10% job at Tesla over ‘super bad feeling’ about economy

Elon Musk is considering a hiring freeze and job cuts of up to 10% of staff at Tesla because he has a “super bad feeling” about the state of the economy, according to an internal email seen by Reuters. Tesla currently has about 5,000 job openings advertised worldwide, and

Bashundhara Spice sponsors inter-club shooting

Bashundhara Spice has sponsored the ongoing 25th Inter-club Shooting Competition, organised by the Bangladesh Shooting Sport Federation, said a news release on Thursday (June 2). The competition began on Wednesday at the Gulshan Shooting Complex in the capital. On behalf of

Bangladesh to export gold ornaments: BAJUS President 

Bangladesh Jeweller's Association (BAJUS) President Sayem Sobhan Anvir said the country will export gold ornaments. He said: “Bangladesh no more believes in import. From now, the country’s jewellers will export gold ornaments”. Sayem Sobhan Anvir made the

Price of edible oil may come down soon: Tipu

Commerce Minister Tipu Munshi today (June 2) said that edible oil price may come down soon in the local markets as the price of the oil started to decline in the international markets. "The good news is that the prices of edible oil started to decline in the international markets.

Banks to regulate dollar price: BB

Maintaining the market's stability, banks will regulate the US dollar price. In this regard an instruction was given to banks of the country by the Bangladesh Bank (BB), on Thursday (June 2). Executive Director and spokesperson of Bangladesh Bank Sirajul Islam said the banks may