Saturday, 23 Nov, 2024

Business

Elon Musk: Judge blocks 'unfathomable' $56bn Tesla pay deal

A judge in the US state of Delaware has annulled a $55.8bn (£44bn) pay deal awarded to Elon Musk in 2018 by the electric car company Tesla. The lawsuit was filed by a shareholder who argued that it was an overpayment. Judge Kathaleen McCormick ruled that the Tesla board's

Govt will take initiatives for development of gold industry

Prime Minister's Adviser on Private Industries and Investments Salman F Rahman said that the government will sincerely look into the issue of establishing gold ornaments factories in the country and creating export opportunities abroad by meeting the local demand of gold ornaments.

Qatar inks 15-year deal for Bangladesh gas supply

Qatar has signed a deal with US-based Excelerate Energy to supply Bangladesh with natural gas for 15 years, state-owned QatarEnergy said Monday. Doha will supply Excelerate with one million tonnes of liquified natural gas (LNG) a year to be delivered to floating storage units in

Jewellery industry to get highest govt support: Finance minister

Finance Minister Abul Hassan Mahmood Ali has said the jewellery industry will get the highest support from the government for its overall development. He said this at a meeting with Bangladesh Jeweller’s Association (BAJUS) leaders at his Dhanmondi residence in the capital on

Bashundhara City opens 'Mobile City’ and ‘Apparel Corner'

Bashundhara City has opened two new classified spaces — 'Mobile City’ and ‘Apparel Corner'— to serve customers with services of mobile devices, accessories, and clothing respectively. The market authorities opened the new spaces through colourful

Toggi Fun World makes JCI Carnival coulourful

The JCI Carnival and Inauguration-2024 took a thrilling leap as Toggi Fun World, the largest VR theme park in South Asia, amused the young minds being the patron of the coulourful event on Saturday. Toggi Fun World was one of the attractions of the annual carnival of Junior Chamber

Bashundhara City set to open classified spaces for mobile, apparels

Bashundhara City is opening two new classified spaces — Mobile City and Apparel Corner— on Sunday to serve customers with mobile phone services, accessories, and clothing, respectively. Mobile City surfaces basements 1 and 2 of the shopping complex in Panthapath of the

Bangladesh Bank includes Chinese yuan in RTGS

Bangladesh Bank (BB) has included the Chinese Yuan in the Real-Time Gross Settlement (RTGS) system. The Chinese currency will come into trade settlement on RTGS from February 4, as per a BB circular issued on Thursday (January 25). In September 2022, BB started automated clearing

BAJUS Fair kicks off Feb 8

BAJUS Fair 2024, the largest exposition of jewellery sector in the country, is set to begin on February 8 to showcase local innovations in gold and diamond products and the excellence of Bangladesh’s goldsmiths. Bangladesh Jeweller’s Association (BAJUS) is organising a

An outdoor event platform for your next adventure

An outdoor adventure that inspire, motivate, and renew the purpose of your life and living, Basecamp become popular among youngsters nowadays. The Basecamp concept has suddenly been accepted, and the response is ‘Experiences’ which help empower an individual and create

Nahar Choudhury made Coca-Cola MD

Ju-un Nahar Choudhury, has been appointed as the new managing director (MD) of Coca-Cola Bangladesh Limited. She is the first Bangladeshi to take on the role of managing director for this Fortune 500 company. A press release was issued in this regard. According to press release,

PM opens month-long Dhaka International Trade Fair

Prime Minister Sheikh Hasina has inaugurated the month-long 28th Dhaka International Trade Fair (DITF)-2024. She opened the trade fair at the Bangabandhu Bangladesh-China Friendship Exhibition Center in Purbachal New Town, on the outskirts of the capital on Sunday (January 21) morning.

Month-long Dhaka Int'l Trade Fair begins today

The month-long Dhaka International Trade Fair (DITF)-2024 will begin today (January 22) at the Bangabandhu Bangladesh-China Friendship Exhibition Center in Purbachal New Town, on the outskirts of the capital city. Prime Minister Sheikh Hasina is scheduled to inaugurate the fair.

Dhaka International Trade Fair to kick off tomorrow

The month-long Dhaka International Trade Fair (DITF)-2024 will begin tomorrow (January 21) at the Bangabandhu Bangladesh-China Friendship Exhibition Center in Purbachal New Town, on the outskirts of the capital city. Prime Minister Sheikh Hasina is scheduled to inaugurate the fair.

Unique Meghnaghat Power achieves financial close for $463m foreign loans, gets first disbursement of $360m 

Unique Meghnaghat Power Limited (UMPL) has recently achieved financial close for the USD 463 million long-term project financing from foreign lenders on 13 December 2023 and got the first disbursement of USD 360 million on 18 December 2023. UMPL has constructed 584 MW combined cycle

Gold price drops by Tk 1,750 day after hiking price

The price of gold has been reduced by Tk 1,750 to Tk 1,10,691 per bhori (11.664 grams) on Thursday, a day after the announcement of a price hike for precious metals. Earlier, on Wednesday, the trade body increased the gold price. The price of 22-carat gold is now Tk 9,490 per gram,

Gold price hits record high of Tk 1,12, 441 per bhori

The Bangladesh Jeweller’s Association (BAJUS) on Wednesday (January 17) raised the price of gold by Tk 1,400 to Tk 1,12, 441 per bhori. The standing committee on pricing and price monitoring of BAJUS made the decision at a meeting. The price of 22-carat gold is now Tk 1,12,

BAJUS seeks duty exemption on gold refineries import

Bangladesh Jewellers Association (BAJUS) has urged the government to provide duty exemption on the import of gold refineries and machinery used in the jewelery industry. BAJUS leaders made the call during a meeting with Industries Minister Nurul Majid Mahmud Humayun at his office on

Inclusion of BAJUS representative in anti-smuggling task force demanded

Bangladesh Jewellers Association (BAJUS) have demanded the inclusion of its representative in the anti-smuggling task force of the Ministry of Home Affairs. In a meeting with Home Minister Asaduzzaman Khan Kamal at the Secretariat on Tuesday, leaders of the organisation also demanded

BB to announce Monetary Policy Statement today

The Bangladesh Bank (BB) is set to announce its Monetary Policy Statement (MPS) today for the second half of the financial year 2023-24. BB Governor Abdur Rouf Talukder will announce the MPS through a press conference to be held at the central bank headquarters in Dhaka, said a press