Sunday, 24 Nov, 2024

Business

Cargo ship hit by missile off Yemen: maritime risk company

A Greek-owned cargo ship was hit by a missile off Yemen, a maritime risk management company said on Tuesday, following a string of attacks in the Red Sea by Yemen’s Houthi militia. “A Malta-flagged, Greek-owned bulk carrier was reportedly targeted and impacted with a

Bashundhara Paper unveils its first sustainability report

In a landmark move for the Bangladeshi paper industry, Bashundhara Paper Mills Limited and Bashundhara Multi Paper Industries Limited have unveiled their first Sustainability Report, marking a significant step forward in their commitment to transparency and environmental, social, and

Dhaka trade fair 2024 to begin on January 21

The 28th edition of Dhaka International Trade Fair (DITF)-2024 is set to begin on January 21 at the Bangabandhu Bangladesh-China Friendship Exhibition Centre in the capital's Purbachal area. Haider Ali, information and public relations officer of the Commerce Ministry, confirmed

Arrest warrants issued against Evaly MD, his wife

A Dhaka court on Monday (January 15) issued arrest warrants against Mohammad Rassel, the managing director of the e-commerce platform Evaly, and his wife Shamima Nasrin, in a cheque bounce case. Dhaka Metropolitan Magistrate Md Ali Haider passed the order after the couple failed to

New govt's prompt actions to propel economy

Dr Zaid Bakht, chairman of the board of directors of Agrani Bank Limited, underscored the need for prompt post-election actions by the government to address challenges like inflation, exchange rate fluctuations, and political uncertainties that have a significant impact on trade and

BAJUS for technical diploma course on jewellery 

Bangladesh Jeweller’s Association (BAJUS) has called on the government to introduce a diploma course on jewellery sector to flourish the industry with immense potential. “The artisans involved in the jewelery industry of our country need technical education. By introducing

Boeing: US regulator to increase oversight of firm after blowout

US authorities are stepping up oversight of Boeing's manufacturing line a week after a door plug broke off one of its planes mid-flight. The head of the Federal Aviation Administration (FAA) said he believed there were "significant problems" with the 737-9 Max jet as well

Oil prices surge on Red Sea escalation

Oil prices surged 4% on Friday after US and UK forces launched strikes against Iran-backed Huthi rebels following their attacks on ships in the Red Sea, fuelling worries about a wider conflict in the crude-rich region. Tokyo and European stock markets ended the week with strong gains

Russia and Iran don’t need SWIFT – Tehran

Iran and Russia have officially switched from the West’s SWIFT financial clearing system to a direct interbank transfer mechanism, the deputy head of the Central Bank of Iran (CBI) has said. Mohsen Karimi told Iranian state television on Sunday that the system allows companies in

Bitcoin prices swings after fake regulator post 

Bitcoin jumped briefly on Tuesday after a post on the US markets regulator's X account (formerly Twitter) said it had approved so-called exchange-traded funds (ETFs) in the cryptocurrency. The Securities and Exchange Commission (SEC) later deleted the post and said its account had

FBCCI leaders congratulates PM Hasina for winning polls

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has congratulated Prime Minister Sheikh Hasina for her victory in the 12th National Parliament Election. A team of FBCCI representatives, led by its President Mahbubul Alam, met the prime minister at her residence,

BAJUS president congratulates PM Hasina on polls victory

Bangladesh Jeweller's Association (BAJUS) president Sayem Sobhan Anvir congratulated Prime Minister Sheikh Hasina for winning of the Awami League at the 12th Parliamentary election. BAJUS president in his greeting message said, “With this victory of Sheikh Hasina, Bangladesh

Gold price sticks to modest gains amid reviving safe-haven demand, lacks follow-through

Gold price (XAU/USD) dived to a one-and-half-week low on Wednesday in the wake of rising US Treasury bond yields and a stronger US Dollar (USD). The US bond yields, however, started losing traction after minutes of the December 12-13 FOMC meeting reflected a consensus among

BAJUS urges collectors to join Ancient Jewelry Exhibition

Jewellers' Association (BAJUS) is organising an exhibition of hundred-year-old ornaments to preserve the tradition of handicrafts made by local artisans.  BAJUS has called upon the people with ancient jewellary to take part in an exhibition. The exhibition will showcase the

Bitcoin climbs above $45,000 for first time since April 2022

Bitcoin rose above $45,000 on Tuesday for the first time since April 2022 as the world's biggest and best-known cryptocurrency started 2024 with a bang buoyed by optimism around possible approval of exchange-traded spot bitcoin funds. Bitcoin BTC=BTSP touched a 21-month peak of

Misuse of baggage rules poses risks to jewellery sector: BAJUS

Country’s jewellery industry is facing setbacks amid abuse of baggage rules, according to an observation by the Bangladesh Jeweller's Association (BAJUS). Addressing a meeting on Sunday, speakers mentioned that the government is losing ‘huge amounts of revenue’

Ukraine says 13 million tons exported through Black Sea corridor

Ukraine has exported about 13 million tons of merchandise on some 400 ships since setting up a protected maritime corridor in August to fend off Russian threats, a government minister said Saturday. While Ukraine had few military achievements on land in 2023, on the Black Sea it has

Banks to remain closed on Sunday

Transactions of all banks will remain closed on Sunday (December 31) as it is the last day of 2023. Bangladesh Bank informed the matter today (December 30). No transactions or office activities are conducted with Bangladesh Bank or other bank customers during 'Bank Holiday'

Gold Prices Forecast for 2024: Targeting $2500 as Fed Rate Cuts Loom

Highlights 2023’s crises bolster gold’s appeal as a safe haven. Fed rate cuts and economic adjustments in 2024 to impact gold trends. Recession fears, Middle East tensions critical for gold pricing. Review of 2023 Analysis of key trends and market dynamics in 2023

Bashundhara Group Chairman condoles death of City Group Chairman 

Bashundhara Group Chairman Ahmed Akbar Sobhan and his family have expressed profound grief at the death of renowned businessman and City Group Chairman Fazlur Rahman. In a condolence message, the Bashundhara Group chairman expressed deep shock at the demise of City Group's Chairman