Thursday, 05 Dec, 2024

Business

Gold reaches record tk 1,43,525 per bhori

Jewellers have raised the price of gold by Tk1, 574 to Tk1, 43,525 per bhori (11.664 grams) due to a hike in the price of pure gold in the international market. The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the

Global commodity prices set to hit five-year low in 2025: World Bank

Global commodity prices are set to tumble to a five-year low in 2025 amid an oil glut that is so large that it is likely to limit the price effects even of a wider conflict in the Middle East, said the World Bank on Tuesday. In its latest Commodity Markets Outlook (CMO), the bank said

Crisis to continue unless businessmen feel secure: Mir Nasir Hossain 

Mir Nasir Hossain, former president of FBCCI, the premier business association of the country's industrialists, is also a former director of Eastern Bank Ltd. In an exclusive interview, he shared his views on the state of trade, the private sector, and the overall economy.  He

6 expositions on real estate, construction begin at ICCB on Nov 14

The 29th Bangladesh edition of the "Build Series of Exhibitions," a major international event spanning six expos focused on the real estate, construction, and renewable energy sectors, will take place at the International Convention City Bashundhara in Dhaka on November 14.

Aziz Khan of Summit launders millions under Faruk Khan’s patronage

Summit Group founder Muhammed Aziz Khan allegedly smuggled millions of dollars out of Bangladesh under the patronage of his brother Awami League presidium member Muhammad Faruk Khan over the last 15 years. Aziz Khan has become Singapore’s 41st richest man with wealth worth $1.12

BB slaps Tk5 lakh fine on NRBC Bank for irregularities 

Bangladesh Bank (BB) has found serious irregularities at NRB Commercial (NRBC Bank PLC, including suspicious transactions, misleading information about an entrepreneur director’s identity and discrepancies in shareholding. The central bank has fined the private bank Tk500,000 for

Investors create jobs, face harassment: Mintoo

Former president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), Abdul Awal Mintoo, said that those striving to create employment in the country through investment are the ones facing harassment, despite their significant contributions to the economy.

Corrupt businessmen to face action, businesses to remain active: Adviser Asif

Legal action will be taken against corrupt businesspeople but their businesses will remain active, Labour and Employment Adviser Asif Mahmud Shojib Bhuyain has said. Asif Mahmud, also the adviser to the Ministry of Youth and Sports, said that the government will ensure that the

LED system at Bashundhara City Shopping Mall hacked

The LED system at Bashundhara City Shopping Mall was hacked on Friday evening. A group identifying themselves as “Systemadminbd, Muslim BlackHats, and Spy Agents” claimed responsibility for the breach. In response, Bashundhara Group took swift action to strengthen

Gold price continues to set new record

Jewellers have raised the price of gold by Tk1,889 to Tk141,951 per bhori (11.664 grams) due to a hike in the price of pure gold in the international market. The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the decision

Bashundhara Toiletries Introduces "Alora 2in1" Hair & Body Wash First Ever in Bangladesh

Bashundhara Toiletries is proud to announce the launch of “Alora 2in1” Hair and Body Wash, an innovative product designed to simplify your daily care routine.  As Bangladesh’s first 2-in-1 solution for both hair and skin, Alora offers a unique blend of premium

Country's economy in deeper crisis than its politics: Mintoo

Abdul Awal Mintoo is the former president of Federation of Bangladesh Chambers of Commerce & Industries (FBCCI), the top business organisation in the country, and currently serves as the vice chairman of BNP. He is the chairman of several of his business entities, including Lal Teer

Bringing back laundered money is govt’s priority: Salehuddin

Adviser to the Ministries of Finance and Commerce Dr Salehuddin Ahmed today said the present government’s priority is to bring back the money laundered abroad. “We have formed taskforce to bring back money that has been illegally taken abroad. We started work on bringing

Tk 3.61cr revenue earned from Sundarbans tourism in 2023-24FY

Over 2 lakh local and foreign tourists visited the Sundarbans in fiscal 2023-24, helping the government earn Tk 3.61 crore as revenue from the world's largest mangrove forest, officials said. While talking to BSS, Khulna Zone Conservator of Forest Mihir Kumar Doe said a total of 2,

Gold prices hit record high 

The Bangladesh Jeweller’s Association (BAJUS), has raised the price of 22 carat gold by Tk 2,613 to Tk 1,40,061 per bhori, the highest rise in the country's history till today (October 19). The Standing Committee on Pricing and Price Monitoring of BAJUS made the decision at a

Labour unrest causes $400m loss in garment sector: BGMEA

The recent labour unrest in September and October has led to an estimated production loss of nearly $400 million (Tk 4,800 crore) in the garment sector, according to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA). "Maintaining law and order and ensuring

Egg prices drop by Tk25-30 per dozen

Egg prices at retail markets across the capital have decreased by Tk25 to 30 per dozen, thanks to government measures to make eggs more affordable. To ease the burden on consumers, the government has reduced the import duty on eggs from 25% to 5%. This reduction will remain in effect

Gold breaks above $2,700 to record high

Gold prices hit a record high above $2,700 on Friday as traders piled into the safe-haven commodity at a time of heightened geopolitical uncertainty, including in the Middle East after Israel said it killed Hamas chief Yahya Sinwar. Bullion hit an all-time high of $2,704.89 in early

US 'click to cancel' rule to ban subscription traps

The US Federal Trade Commission (FTC) has adopted a 'click to cancel' rule, which aims to make it easier for people to end subscriptions. It will force companies to make subscribing and cancelling subscriptions equally straightforward. Businesses, including retailers and

Lufthansa hit with record penalty after barring Jewish passengers

The US has hit Lufthansa with a record $4m (3m) penalty after the airline barred Jewish passengers from a 2022 flight because some allegedly refused to follow rules requiring face masks. The Department of Transportation said Lufthansa discriminated against the passengers, treating them