Sunday, 08 Dec, 2024

Business

India lifts ban on non-basmati rice exports, cuts parboiled rice duty

After more than a year, India lifted the ban on the export of non-basmati white rice with immediate effect and reduced the export duty on parboiled rice to 10% from 20%, PTI reported quoting an official notification. The ban by one of the world’s largest exporters of rice was

Prof Yunus seeks US partnership in Bangladesh's new journey

Chief Adviser Professor Muhammad Yunus on Thursday said his government is committed to improving business environment in Bangladesh through reforms, seeking businessmen’s partnership in the country’s new voyage. “No country is perfect. Neither is Bangladesh.

China wants to invest in solar panels manufacturing in Bangladesh

Chinese Foreign Minister Wang Yi has said his country wants to invest in solar panels manufacturing in Bangladesh and further deepen trade and economic ties with Bangladesh. He made the announcement when he called on Bangladesh Chief Adviser Prof Muhammad Yunus on the sideline of the

Gold price hits record high of Tk1.38 lakh per bhori

Jewellers in Bangladesh have raised the price of gold by Tk3,044 to Tk1,38,708 per bhori (11.664 grams), making a new record for the inflating price of the yellow metal in the market. The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association

BAJUS inaugurates permanent office in Dhaka

The permanent office of Bangladesh Jewelers Association (BAJUS) has been inaugurated in Moghbazar of Dhaka on Tuesday (Sep 24). The new adress of this jewellers body (BAJUS) has been inaugurated by its executive committee members. New Address of the BAJUS is - 15, New

Country losing huge foreign currency due to gold smuggling

A large quantity of gold is entering Bangladesh from Middle Eastern countries and being smuggled into India through 30 border districts. Since Bangladesh has become a safe transit route for smuggling, both domestic and international smuggling networks are using it. This is causing the

Gold price hits record high of Tk1.35 lakh per bhori

Jewellers in Bangladesh have raised the price of gold by Tk2,613 to Tk1,35,664 per bhori (11.664 grams), making a new record for the inflating price of the yellow metal in the market. The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association

Price gap sparks fuel smuggling across border

A significant price gap between diesel and petrol in Bangladesh and India has allegedly fuelled an ongoing smuggling operation, according to a recent investigation. The difference of Tk22-25 per litre between Kolkata in India and Dhaka in Bangladesh has created an opportunity for

Bangladesh to enjoy zero-tariff treatment on exports to China

President of China Xi Jinping has announced that China will voluntarily and unilaterally open its market wider, and has decided to give all LDCs having diplomatic relations with China, including 33 countries in Africa, zero-tariff treatment for 100 per cent tariff lines. The

Prize of 'Who will win Repsol Bike' campaign distributed

Md Hanif Islam, a resident of Pabna, participated in the “Who will win Repsol Bike” campaign by registering his name through the e-wallet pocket of ABG Bashundhara and was fortunate to win a Repsol bike. Bashundhara Group, one of the country’s leading business

Gold smuggling threatens country’s economic stability

Bangladesh is facing a significant economic crisis due to the rampant gold smuggling from Middle Eastern countries. Both local and international, smugglers use Bangladesh as a transit route, primarily smuggling gold through 30 border districts to India. This illicit trade is costing

Gazipur RMG workers block highway for attendance bonus

Workers of a garment factory have blocked the Dhaka-Mymensingh highway at Bagherbazar point in Gazipur this morning, demanding attendance bonus. Thousands of workers from Golden Refit Garment Limited took to the streets around 10:00am, halting traffic from Chandana intersection to

BB governor confident in improving Bangladesh's economic situation within a year

Bangladesh Bank (BB) Governor Ahsan H. Mansur said that the central bank's key priority is to stabilize the nation's economy by bringing inflation down to 5-7%, maintaining the exchange rate near Tk 120 per dollar, and steadily increasing foreign exchange reserves. 

Gold prices hit record high

Jewellers in Bangladesh have raised the price of gold by Tk3,149 to Tk133,051 per bhori (11.664 grams), making a new record for the inflating price of the yellow metal in the market. The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association

Gas extraction and supply deals with 4 foreign companies halted

The interim government has decided not to proceed with signing gas extraction and supply agreements with four companies. The companies are- India's H Energy, Russia's Gazprom, China's Sinopec, and Uzbekistan's Ariel, according to Energy and Mineral Resources Division

Govt asks 6 state-owned banks to cancel contracts with MD, CEO

The interim government has instructed six state-owned commercial banks to terminate the contracts of their managing directors and chief executive officers. The Financial Institutions Division (FID) of the finance ministry has issued this directive to the chairpersons of Sonali Bank,

Gold strikes fresh record high above $2,609

The price of gold rose to a fresh record high of more than $2,609 on Friday as the prospect of fresh US interest rate cuts boosted demand for the precious metal. The commodity jumped to as much as $2,609.74 per ounce, two days after the Federal Reserve slashed borrowing costs for the

HC orders to appoint receiver to run Beximco Group

The High Court (Sep 19) has ordered to appoint a receiver to conduct the functions of the Beximco Group of Companies. HC division bench comprising with Justice A. K. M. Asaduzzaman and Justice Muhammad Mahbub Ul Islam gave the order along with rule after a hearing on September 5 in

Agargaon-Motijheel metro rail service temporarily halted

Metro rail services between Agargaon and Motijheel have been temporarily halted today (Sept 18) due to a "technical glitch". The train operations were temporarily suspended from 9:40am, the Dhaka Mass Transit Company Limited (DMTCL) said on its verified Facebook page this

LC overdue payments to be cleared in 6 months: BB Governor 

Bangladesh Bank has decided that overdue payments for letters of credit (LCs), will be cleared within the next five to six months. Bangladesh Bank (BB) Governor Ahsan H Mansur made the commitment during a virtual meeting between the Bangladesh Bank and the correspondent banks on