Tuesday, 27 Feb, 2024

Business

Sayem Sobhan Anvir re-elected as BAJUS president

Bashundhara Group Managing Director (MD) Sayem Sobhan Anvir has been re-elected as president of the Bangladesh Jeweller's Association (BAJUS). He will lead this traditional trade organization for the second consecutive term for the next two years. BAJUS election board chairman

12kg LPG price goes up by Tk 18

The Bangladesh Energy Regulatory Commission (BERC) has increased the price of a 12kg liquefied petroleum gas (LPG) cylinder by Tk 18 to TK 1,381 for the month of November. In October, the price was increased by Tk 79 to TK 1,363.  BERC authority announced the new price at a

Govt decides to import potatoes

The government has decided to import potatoes to keep the price of the daily essential item stable. Commerce ministry Public Relations Officer Md Haidar Ali confirmed the matter today (October 30). He said interested importers are requested to apply to the ministry in this regard.

Gold price hits record high in Bangladesh

Jewellers in Bangladesh have raised gold by Tk 2,333 to Tk 1,02,876 per bhori, which is a record high inflating price of the yellow metal on the market in Bangladesh. The standing committee on pricing and price monitoring of Bangladesh Jeweller’s Association (BAJUS) made the

Powell's hawkishness doesn't scare the gold market as uncertainty remains elevated

The gold market continues to trade near session highs as Federal Reserve Chair Jerome Powell reiterated his stance that interest rates will have to be higher for longer, but he provided little new guidance on monetary policy heading into year-end. Analysts have noted that the gold

OTC demand pushing gold to Asia could be why prices can withstand 5% bond yields - WGC's Reade and Cavatoni

The gold market is holding solid ground near its highest level in seven weeks even as 10-year U.S. bond yields push closer to 5%. Gold's resilience comes as the market continues to see lackluster investment demand with solid outflows in gold-backed exchange-traded products. In the

Gold's gains will continue to $2100 with oil prices delivering added support - Walsh Trading's Lusk

Gold prices are continuing the climb higher that began with the outbreak of the latest round of hostilities between Israel and Hamas on Oct. 6. The precious metal’s spot price has gained over $162 in the last two weeks, hitting a high just under $1,978 on Thursday afternoon. Oil

Gold prices continue to see technical selling pressure as US existing home sales drop to 2020 pandemic lows

The U.S. housing market could be showing early signs of stabilizing as sales activity of existing homes falls to its lowest level since June 2020. Existing home sales declined by 2% last month to a seasonally adjusted and annualized rate of 3.96 million units, compared to August's

IMF to approve 2nd tranche loan of $681m in Dec, BB hopes

Bangladesh Bank (BB) is optimistic that the second tranche of the US$4.7 billion loan, which amounts to $681 million, will be approved by the IMF during its board meeting on December 11. BB Spokesperson Mezbaul Haque was briefing media following a meeting with the visiting review team

Qatar signs 27-year gas deal with Britain's Shell 

QatarEnergy has signed a 27-year long-term liquefied natural gas sale and purchase agreement with supermajor Shell for the supply of up to 3.5 million tonnes per annum (tpa) of LNG from Qatar to the Netherlands. European players have signed multiple LNG deals this year with Middle East

40m Bangladeshis have purchasing power like Europeans: Tipu Munshi

Commerce Minister Tipu Munshi on Tuesday (October 17) claimed that about 40 million people of Bangladesh enjoy a lifestyle akin to Europeans, as they have the capacity to access and afford quality products. He made the remark at a function held at the International Convention City

Apple CEO Tim Cook makes surprise visit to China

Apple chief Tim Cook made a surprise visit to China this week, greeting gamers in the southwestern city of Chengdu as his company faces slumping phone sales in its biggest market. In a post late Monday on his account on the Weibo social media platform, Cook said he had visited

Gold price rises by Tk1,167 per bhori

The gold price in the local market has jumped by Tk 1,167 to record Tk 1,00,544 per bhori. Standing committee on pricing and price monitoring of Bangladesh Jeweller’s Association (BAJUS) made the decision at a meeting held on Sunday (October 15). The new price has been set in

Imported eggs to enter Bangladesh in 3-4 days: Tipu Munshi 

Commerce Minister Tipu Munshi Today (October 15) said the imported eggs would arrive in Bangladesh within the next three to four days. He said this after inaugurating the sale operations of TCB's commodities at subsidised rate among one crore family card holders through programme

TCB starts selling essential commodities tomorrow 

Trading Corporation of Bangladesh (TCB) will start selling commodities items at subsidized rates among one crore family cardholders across the country tomorrow (October 15). Commerce minister Tipu Munshi will formally inaugurate the programme at Dhanmondi Lake, Dingi, Road No 8/A

Gold Industry Supply Chain Confirms Steps to Underscore Trust from Mine to Market

An independent evaluation process has confirmed that there is a high degree of interoperability between the Responsible Gold Mining Principles and the Responsible Gold Guidance.   The Responsible Gold Mining Principles (RGMPs) – developed by the World Gold Council – is

Gold sees best week since March with prices up 6% from last week's lows

With the Federal Reserve at the end of its tightening cycle, the vice-grip that monetary policy has exerted on gold through most of 2023 is starting to weaken, giving the market room to run. After hitting a seven-month low last Friday, the precious metal is seeing its best weekly gains

All jewellery shops to remain closed on Oct 22 

Gold and jewellery traders will keep their shops closed across the country on Sunday (Oct 22) due to Durga Puja, the largest religious festival of the Hindu community. Bangladesh Jewellers Samity (BAJUS) issued a press release on Saturday in this regard. The association requested

Bangladesh economy is on right track: IMF

Mentioning various measures of the government to address macroeconomic challenges, the International Monetary Fund (IMF) has observed that Bangladesh economy is on the right track. "I think, the economy is on right track in terms of meeting the objective of programme, getting

Gold price climbs again by Tk 2,333

The gold price in the local market has jumped by Tk 2,333 to record Tk 99,377 per bhori. Standing committee on pricing and price monitoring of Bangladesh Jeweller’s Association (BAJUS) made the decision at a meeting held on Wednesday (October 11). The price of 22-carat gold is