Wednesday, 08 Jan, 2025

Business

World Economy Faces More Pain In 2023 After A Gloomy Year

This was supposed to be the comeback year for the world economy following the Covid pandemic. Instead, 2022 was marked by a new war, record inflation and climate-linked disasters. It was a "polycrisis" year, a term popularised by historian Adam Tooze. Get ready for more

Bangladesh urges US for duty-free market access

The 6th Meeting of the US-Bangladesh Trade and Investment Cooperation Forum Agreement (TICFA) was held in Washington DC on Tuesday (Dec 6). Tapan Kanti Ghosh, Senior Secretary of the Ministry of Commerce, and Mr. Christopher Wilson, Assistant US Trade Representative (USTR) for South

Bashundhara Paper Ltd celebrates record sale

Bashundhara Paper Mills Limited made history by selling the highest number of products of its kind in Bangladesh in the month of November this year. Bashundhara Paper Mills Limited has Bashundhara Tissue, Bashundhara Khata, Bashundhara Paper, Bashundhara Diapant and other products.

Oil prices rise as cap on Russian crude looms

Oil prices rose on Monday following an agreement by the G7 group of nations and its allies to cap the price of Russian oil at $60 (£49) a barrel. Brent crude added around 0.7% to above $86 in Asia trading. The move - which could come into force on Monday - raises Western

12kg LPG price hiked by Tk 46

The price of a 12-kg liquefied petroleum gas (LPG) cylinder has increased by Tk 46 to Tk 1,297. Bangladesh Energy Regulatory Commission (BERC) announced the fresh price on Sunday (Dec 4). The new price rate will come into effect from 6:00 pm today. The price of different

UBSL stated to offer LG information Display Solutions

The country's leading ICT product & solutions provider, Unique Business Systems Limited (UBSL), has announced its partnership with LG to distribute the latest and most advanced Display Solutions in the local market. In this regard, a memorandum of understanding (MOU) was signed

Gold traders being united under umbrella of BAJUS

Gold traders across the country are being united under the platform of Bangladesh Jewellers’ Association (BAJUS) led by its President Sayem Sobhan Anvir.  The organisation’s central leaders came up with the remarks during a view exchange meeting with leaders and

Gold price inflates further, Tk 87, 247 per bhori

Jewellers have raised the price of gold by Tk 3,033 to Tk 87, 247 per bhori (11.664 grams) due to a hike in the price of the precious metal on the international market. Standing committee on pricing and price monitoring of Bangladesh Jeweller’s Association (BAJUS) made the

National Textiles Day on Sunday 

With the theme 'Let's use local textile products, build golden Bangla", the National Textiles Day-2022" will be observed in the country on Sunday (Dec 4).  The Ministry of Textiles and Jute has taken an elaborate programme to mark the day, according to an

Janata Bank achieves ICMAB Best Corporate Gold Award- 2021

Janata Bank Limited has achieved the gold award of "ICMAB Best Corporate Award 2021 in the Nationalized Commercial Bank category. The bank's Chairman Dr S M Mahfuzur Rahman, Managing Director & CEO Md Abdus Salam Azad (HFF) and CFO (DMD) Md Nurul Alam FCMA, FCA received

EU, G7, Australia to cap price on Russian oil at $60 per barrel

The Group of Seven (G7) nations, Australia and the European Union have agreed on a $60 per barrel price cap on Russian seaborne crude oil as part of an international campaign to curb Russia’s ability to finance its war against Ukraine through energy sales. The EU agreed on the

Police more active in recovering robbed gold: BAJUS

Police and other law enforcers are more active now to recover robbed gold to support the jewellers across the country. This was said by Dewan Aminul Islam, vice president of Bangladesh Jeweller’s Association (BAJUS) in a view exchange meeting with in Moulvibazar jewellers and

BAJUS turns strong organisation with Anvir being changemaker

Under the dynamic leadership of Bangladesh Jewellers’ Association (BAJUS) President Sayem Sobhan Anvir, organisational strength of the body has remarkably boosted. This was said by central leaders of the organisation at a view exchange meeting with Madaripur unit leaders and

Remittances to lower income countries ease in 2022: World Bank

Cash transfers to low- and middle-income countries eased this year, with rising prices taking a toll on migrants' incomes, the World Bank said Wednesday. Remittances to lower-income countries rose around five percent to $626 billion, lower than the 10.2 percent jump in 2021, the

Tax return submission deadline extended till Dec 31

The National Board of Revenue (NBR) has extended the income tax return submission deadline for individual taxpayers by a month till December 31. The deadline for the tax year 2022-2023 has been extended until December 31 this year as per the section 184G of the Income Tax Ordinance

‘We strive to build a reliable and sustainable capital market’

Apart from giant companies, small investors and ordinary people also aspire to see the country's capital market as a safe and profitable place for their investment. However, a secure capital market is yet to be built, even after two significant scams in 1996 and 2010. ABG Limited

BB okays mobile financial services to bring in remittance

Bangladesh Bank (BB) has allowed Mobile Financial Service Providers (MFSPs) to bring wage earners' remittances to Bangladesh. The central bank issued a circular today in this regard.  The circular says: "To bring wider flexibility, licensed MFSPs will be allowed to

No jeweller to be harassed: Home Minister

Home Minister Asaduzzaman Khan Kamal has assured that no jeweller will be exposed to harassment by any member of law enforcement agency. He made the assurance as a delegation of Bangladesh Jewellers’ Association (BAJUS) met him at his residence in the capital Monday night. The

‘Poshian Conference 2022’ held in Dhaka

Pop of Color Limited, the first organization in Bangladesh established in 2014 working intensively with the goal of the socio-economic development of women and making them self-reliant has organized a mega event on 25th November at Hotel Radisson Blu Dhaka Water Garden in Grand Ballroom.

NCCI launches white paper on 'FDI in Logistics Sector'

The Nordic Chamber of Commerce and Industry (NCCI) in Bangladesh, hosted the online launch of its white paper titled “FDI in Logistics Sector”, a follow up to the daylong event on the same topic, hosted by the chamber in May of 2022.  The event was attended by business