Monday, 06 Jan, 2025

Business

The world could run out of gold by 2050, says researcher

As society becomes more complicated with the introduction of new technology, one researcher has issued a warning that the dwindling supply of resources in the face of growing demand means we need to improve how we use and recycle them. In a research paper recently published in the

US becomes largest export market for Indian gold jewellery

The US has become India’s largest export market for gold jewellery ahead of the UAE, the World Gold Council (WGC) said in a report. According to WGC, the US became the largest market for Indian gold jewellery due to additional tariffs on Chinese jewellery to the US, which made

Govt to buy 1.10cr litres Soybean oil for TCB

The government will procure 1.10 crore litres of Soybean oil for the state-run Trading Corporation of Bangladesh (TCB) from local suppliers. The decision came from a meeting of the Cabinet Committee on Public Purchase today (Jan 19).  Finance Minister AHM Mustafa Kamal presided

Gold Is Getting Its Glitter Back

When I recently went to talk to some school children about the nature of money, I brought props: a cowrie shell, a piece of play paper and a small handful of shredded dollar bills. Which of these, I asked, is money? The point I wanted to make: It is all about belief. If everyone agrees

Bangladesh Bank resets commemorative gold coins prices

Bangladesh Bank (BB) has reset the prices of commemorative gold coins citing a price hike of the metals in local and international markets.  Prices of gold coins issued on the occasion of the International Mother Language Day 2000, Birth Centenary of Bangabandhu Sheikh Mujibur

BAJUS to export gold after fulfilling local demand: Dilip Kumar

Bangladesh Jeweler’s Association (BAJUS) former president said Bangladesh will export gold soon after fulfilling the demand on local market. BAJUS District Monitoring Standing Committee Chairman Dilip Kumar Roy said: “Under the leadership of BAJUS president and Bashundhara

Gold hits near 9-month peak on hopes of slower Fed rate hikes

Gold held near nine-month highs on Monday, aided by expectations of slower interest rate hikes from the U.S. Federal Reserve. FUNDAMENTALS Spot gold was little changed at $1,918.60 per ounce, as of 0014 GMT. Earlier, prices had hit $1,922.25, its highest since April 2022. U.S.

Richest 1% bag two-thirds of $42 trillion in new wealth: Oxfam

The world’s top 1 percent grabbed nearly two-thirds of the $42 trillion in new wealth created since 2020, Oxfam says in a new report released to coincide with the annual meeting of the World Economic Forum in Davos, Switzerland. The share was almost twice as much money as the

Richest 1% bag two-thirds of $42 trillion in new wealth: Oxfam

The world’s top 1 percent grabbed nearly two-thirds of the $42 trillion in new wealth created since 2020, Oxfam says in a new report released to coincide with the annual meeting of the World Economic Forum in Davos, Switzerland. The share was almost twice as much money as the

Bangladesh won’t see economic debacle: BB Governor

Bangladesh Bank Governor Abdur Rouf Talukder said the country will be protected from any economic hardship following the ‘cautiously accommodative’ monetary policy. He made the observation while unveiling a monetary policy at BB head office in the capital on Sunday. The

Bangladesh Bank announces monetary policy 

Bangladesh Bank (BB) today announced ‘cautiously accommodative’ Monetary Policy Statement (MPS) for the second half of the current fiscal year 2022-23 (H2FY23). “BB’s monetary and credit programs for H2FY23 will pursue a cautiously accommodative policy stance to

Bashundhara launches its 3rd ready mix concrete plant 

Bashundhara Ready Mix and Construction Industries Limited (BRMCIL), a concern of the country’s largest business conglomerate Bashundhara Group, launched its third plant on Sunday to supply quality concrete for durable constructions in Dhaka city. The largest Ready Mix plant has

Gold is surging as investors bet on slower Fed rate hikes

Gold is shining once again, as investors bet that cooling inflation in the United States will slow the pace of Fed rate hikes and make the precious metal more attractive. Gold futures were at an eight-month high, climbing 14% since late November to hit $1,882 per ounce on Wednesday.

Gold price increases to Tk 93,429 per bhori

Jewellers have raised the price of gold by Tk 2, 683 to Tk 93,429 per bhori (11.664 grams) due to a hike of ‘pure gold’ in local market. The standing committee on pricing and price monitoring of Bangladesh Jewellers Association (BAJUS) made the decision at a meeting held on

Premier Bank Business Conference-2023 held

The Business Conference-2023 of The Premier Bank Limited was held today at R Events, Renaissance Hotel Gulshan Dhaka.  Freedom Fighter Dr H B M Iqbal, Honorable Chairman, Board of Directors of The Premier Bank Limited graced the occasion as Chief Guest Managing Director & CEO

Gold prices hit record high in India 

As international gold prices scaled past $1,900 level in the international market, gold prices in India today hit a fresh record high in the futures market. Gold futures on MCX hit record high at Rs 56,245 per 10 gram, surpassing the previous record of Rs 56,191 hit in August 2020. The

Voice of Global South Summit 2023

At the Voice of the Glocal South Summit hosted virtually by India today morning, Prime Minister of India, Mr. Narendra Modi called on leaders of the Global South to unitedly forge a common agenda for its own development and for the three-fourth of humanity that lives in it. 

World's richest man promotes daughter to head Dior

The world's richest man, Bernard Arnault, has appointed his daughter to head up fashion house Dior. Mr Arnault promoted Delphine Arnault, 47, as part of a reshuffle at LVMH, Europe's most valuable company. It owns a portfolio of high-end brands including Fendi and Louis

Tesla nearing deal to build plant in Indonesia: Bloomberg

CEO Elon Musk tells followers on Twitter to be ‘cautious’ about articles using unnamed sources after report. Tesla is nearing a preliminary deal to build production facilities in Indonesia with a capacity of one million units, Bloomberg News has reported, citing

Govt to procure 21 lakh tonnes of fuel oil, 60,000 tonnes of fertilizer

The government today (Jan 11) approved separate proposals for procuring some 21 lakh tonnes of fuel oil and 60,000 tonnes of fertilizer. The approval came from the second meeting of the Cabinet Committee on Government Purchase (CCGP) this year held today (Jan 11) virtually with Finance