Monday, 15 Aug, 2022

Business

Edible oil price in Bangladesh lower than other South Asian nations

The price of edible oil including essential commodities in Bangladesh is comparatively lower than in other South Asian nations. Recently, the Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association (BVOVMA) increased the retail price of bottled soybean oil by a record

Buy gold ornaments examining quality & hallmarks: BAJUS

Bangladesh Jeweller's Association (BAJUS) speakers at a meeting have asked customers to buy ornaments assessing quality and hallmarks. They made the call at view of exchange meeting on ensuring quality of gold ornaments held at level 19 of the Bashundhara City Shopping Complex at

Toggi Fun World offers special on bKash payment

Toggi Fun World has offered special discount for customers through digital payment with bKash for any games and rides at the vertically largest theme park in South East Asia. “The users of bKash will enjoy 15 percent cash back on payment in all the exciting rides and games till

Saudi Arabia ranks first globally in date exports

Saudi Arabia has ranked first globally in terms of the value of date exports in 2021, according to the Trade Map of the International Trade Center. The value of Saudi exports of dates in 2021 reached SR1.2 billion ($320 million). The Kingdom also realized the highest annual growth

Tobacco industry causing huge environmental damage: WHO 

The tobacco industry is a far greater threat than many realise as it is one of the world’s biggest polluters, from leaving mountains of waste to driving global warming, the World Health Organization has warned in a new report. The WHO report Tobacco: Poisoning Our Planet,

Israel, UAE sign first Arab free trade agreement

Israel has signed a free trade agreement with the United Arab Emirates, its first big trade accord with an Arab state and a move aimed at boosting trade between the two Middle Eastern nations. The pact was signed in Dubai by Israel’s Minister of Economy and Industry Orna Barbivai

Take immediate action against rice hoarders: Cabinet 

The cabinet has directed the authorities concerned to take prompt action against any kind of hoarding of rice in a meeting with Prime Minister Sheikh Hasina in the chair. The Commerce, food and agriculture ministers and their secretaries have been asked to take immediate steps to find

BB fixes interbank exchange rate for dollar at Tk 89

Bangladesh Bank (BB) today (May 29) has set the interbank exchange rate for dollar at Taka 89. BB Executive Director Md Serajul Islam said the central bank has approved the new rate based on the suggestion of Bangladesh Foreign Exchange Dealers Association (BAFEDA) and the Association

Unregistered pvt hospitals, clinics to face action after Sunday

The Directorate General of Health Services (DGHS) is set to take action against unregistered private hospitals, clinics and diagnostic centres across the country after an end to a 72-hour ultimatum on the closure of such organisations. Director (Hospital) of the DGHS Dr Belal Hossain

Four districts to sell lychees worth Tk 11 billion 

Lychees worth Tk 1,100 crore will be sold this season by Bangladesh’s four northern districts Dinajpur, Rajshahi, Natore and Pabna. The agriculture department of four districts confirming this information said today (May 27), that Madraji and Mozaffari lychees are ready to be

Toggi Services launches 4 new Lenovo monitors

Toggi Services Limited has launched four new monitors of Lenovo brand for value addition with new experiences at personal computer (PC). The monitors – D19-10, D20-20, L22E-30 and L22I30 – will be available at retail points tagged with Toggi Services, said a news release on

Ukraine war: World Bank boss warns over global recession

The head of the World Bank has warned that Russia's invasion of Ukraine could cause a global recession as the price of food, energy and fertiliser jump. David Malpass told a US business event on Wednesday that it is difficult to "see how we avoid a recession". He also

Bangladesh plans to import wheat from India

Bangladesh has a plan to import up to 10 lakh tonnes of wheat from India under government to government contract. According to the source, the concerned food ministry has already taken necessary steps. Bangladesh has sent an offer letter to the Bangladesh High Commission in India

High profile nordic business event marks 50 years of relations with bangladesh

On 24 May, the Nordic Embassies in Dhaka - the Embassies of Denmark, Norway and Sweden - in collaboration with the Nordic Chamber of Commerce and Industry in Bangladesh (NCCI), organized a Business Promotion Event with sustainability as its overarching theme. The event was arranged as

Food export bans raising concerns

Malaysia says it will cut the export of chickens from the start of June because of shortages in the country. Elsewhere in Asia, India has banned wheat exports, while Indonesia blocked overseas sales of palm oil. It comes as the world faces the worst food crisis in decades following

Gold business sees significant development in just 6 months

The reception ceremony for new members of the Bangladesh Jewelers Association (BAJUS) has ended in Narayanganj on Monday (May 23).  According to the participants, within just six months, the gold business in Narayanganj experienced a significant development that did not happen in

Seventeen banks receive appreciation letter from BB governor

Bangladesh Bank (BB) Governor Fazle Kabir have given appreciation letter to Seventeen banks for achieving the target of disbursing loan for special refinance scheme under Covid-19 stimulus package of Taka 5,000 crore successfully. The Managing directors and chief executive officers of

Document not needed for cash incentive over Tk 5 lakh remittance

Bangladesh Bank (BB) has relaxed the requirement for availing 2.5 percent cash incentive for inward remittances over US$5,000 or Taka 5 lakh. From now, non-resident Bangladeshis (NRBs) and migrant workers will not require presenting documents while sending over $5,000, or Taka 500,000

Identify perpetrators behind e-commerce scams: HC

The High Court (HC) on Monday (May 23) ordered authorities concerned to identify people and companies behind e-commerce scams across the country. A High Court division bench of Justice Md Mozibur Rahman Miah and Justice Khizir Hayat issued the order after holding a hearing on three

Fraud in name of commodities exchange; BSEC seeks clarification from 2 companies

Reliable Commodities Exchange Company and Buraq Commodities Exchange Co. have allegedly been involved in commodities exchange business with the licences of gold business. Bangladesh Securities and Exchange Commission (BSEC) has sought clarification from the two companies as they are