Friday, 17 May, 2024

Business

Chattogram Port and AD Ports Group sign MoU

State Minister for Shipping Khalid Mahmud Chowdhury has hoped that the Chattogram port would handle export and import-related operations of another country someday. “Now, foreign port operators are making investments in the Chattogram port. I see the possibility and dream that a

Nepal to ensure electricity export to Bangladesh, India

President Ramchandra Paudel on Tuesday (May 14) said that Nepal would ensure the export of electricity to India and Bangladesh while presenting the government's policies and programmes for the upcoming fiscal year at the joint session of Parliament.  Unveiling the coalition

BAJUS review rates for exchanging, selling gold

The Bangladesh Jeweller's Association (BAJUS) has revised up the rate for exchanging gold ornaments to 10% from 9%, and has permitted traders to deduct 15% of the original price when buying older gold from consumers with cash. Comapred with the previous rate, people would have to

Rupayan City customers to get ‘special offer’ on Camerich furniture

Customers and officials of Rupayan City will get ‘a'special offer’ on purchasing furniture from the international Camerich brand. To this end, the realtor signed an agreement with Delco Business Associate of Hamid Group, local franchisee of the United State-based

Bay Group Chairman Shamsur Rahman passes away

Bay Group Chairman Alhaj Shamsur Rahman has passed away while undergoing treatment at a hospital in Singapore. An eminent industrialist of the country, Shamsur Rahman who hails from Shariatpur district, breathed his last at 9 pm on Monday (May 13), confirmed his family members. He

BB introduces crawling peg, sets Tk 117 per USD as mid-point

Bangladesh Bank (BB) introduced the Crawling Peg Mid-Rate (CPMR) system for buying and selling foreign currencies and allowed banks to buy and sell US dollars freely at around Taka 117. The central bank took the decision at a meeting of the Monetary Policy Committee (MPC) at its

Bashundhara to supply cement for expressway construction

Bashundhara will supply cement for construction of the extended part of the Dhaka Elevated Expressway which is being constructed as a public-private partnership. To this end, the leading industrial conglomerate in the country came to an agreement with Chinese joint-venture

Reports invited for BAJUS Media Awards

The Bangladesh Jewelers' Association (BAJUS) is going to confer the 'BAJUS Media Award 2024' for the second time and thus invited reporters to submit their reports to take part in the event. The journalists of both Bangla and English, online newspapers and television

We know how to regain glory of a bank: Khalilur Rahman

We decided to operate on our own and we would not merge. I embraced the challenge and expressed my commitment. The Bangladesh Bank cooperated much in this regard. We will be successful, Insha-Allah. I am optimistic about reviving the glory of the National Bank Limited (NBL) within

Gold price rises by Tk1,831 per bhori 

Jewellers have inflated the gold price by Tk 1,831 to Tk 1,17, 281 per bhori amid the price hike of pure gold in the local market. The standing committee on pricing and price monitoring of the Bangladesh Jeweller’s Association (BAJUS) decided at a meeting on Saturday. The

Open market sees dollar crisis after surge in price

After Bangladesh Bank (BB) determined the dollar price to Tk 117 on May 8, Dhaka witnessed a dollar crisis in the open market. However, after visiting several money exchange merchants in the capital, it was seen that many stopped selling dollars. On Thursday (May 9), at Baitul

IMF to lend $1.15 billion to Bangladesh

The International Monetary Fund (IMF) has agreed to provide $1.15 billion to Bangladesh in the third instalment under its multi-billion-dollar loan programme. The IMF staff and the Bangladesh authorities have reached a staff-level agreement on the policies needed to complete the second

Gold price inflates by Tk 4,502 per bhori

Jewellers have increased the price of gold by Tk 4,502, raising it to Tk 1,15,450 per bhori in the Bangladeshi market. The decision was made by the standing committee on pricing and price monitoring of the Bangladesh Jewellers' Association (BAJUS) during a meeting held on Tuesday.

Bangladesh touts biz potential to MICCI

Bangladesh-Malaysia Chamber of Commerce and Industry Director Mahbub Alam Shah briefed MICCI officials on potentials of Bangladesh. He said there are 5,000 businesses or company members in the bilateral Chamber and that Bangladesh, imports more than it exports to Malaysia.  He

Gold price rises again by Tk735 per bhori

Bangladesh Jeweller’s Association (BAJUS) announced a hike in the price of gold for the second consecutive day on Sunday by Tk735 to Tk1,10,948 per bhori.  The new price would be effective from Monday. BAJUS on Saturday, had raised the price of top quality (22-carat) gold

BAJUS warns of buying gold online

Jewellers have urged consumers to be aware of purchasing gold from online platforms to avoid becoming a victim of fraud. “Some online platforms are trying to sell gold, presenting a risk of fraud. Traditional businessmen should prioritise integrity to earn the trust of

Gold price increases by Tk 1,050 per bhori

Jewellers have inflated the price of gold by Tk 1,050 to Tk 1,10,213 per bhori in the Bangladeshi market. The standing committee on pricing and price monitoring of Bangladesh Jeweller’s Association (BAJUS) came up with the decision at a meeting on Saturday. The price of

India lifts ban on onion export

The Indian government today (May 4) lifted the ban on onion export, a move that will bring huge relief to traders in Maharashtra.  This also comes just before the next phases of Lok Sabha election, particularly in the onion belts in Maharashtra. In a notification, the Director

Jewellers optimistic about exporting gold with ‘Made in Bangladesh’ tag

Jewellers have expressed optimism over the export potential of locally manufactured gold bars to contribute more to the foreign exchange reserves. The observation came from local gold businesses during view exchange meetings held in Barishal, Chandpur, Naogaon, Joypurhat, and

Turkey says suspending all trade with Israel

"Exports and imports to and from Israel have been suspended," the trade ministry said in a statement, adding: "Turkey will apply these new measures... until the Israeli government authorises an uninterrupted flow of humanitarian aid to Gaza." Israeli Foreign