Sunday, 24 Nov, 2024

Business

City Group Chairman Fazlur Rahman passes away

Renowned businessman and City Group Chairman Fazlur Rahman passed away on Monday (December 25). He was 77. He breathed his last around 4am at United Hospital in the capital. He was suffering from respiratory complications. His namaz-e-janaza will be held at Gendaria Dhupkhola

Bashundhara Tissue gets ‘Best Brand Award’ for 6th consecutive term

Bashundhara Tissue, one of the flagship products of the country’s largest business conglomerate Bashundhara Group, has received the ‘Best Brand Award-2023’ for the sixth consecutive term. Bangladesh Brand Forum in partnership with Nielsen Bangladesh accorded the award

Bashundhara LP Gas wins Best Brand Award for 4th consecutive time

Bashundhara LP Gas has won the ‘Best Brand Award’ for the fourth consecutive term for maintaining quality in products and services. Bangladesh Brand Forum accorded recognition at the fifteenth edition of the Best Brand Award at the Pan Pacific Dhaka on Saturday. Noted

Gold prices rise again

Jewellers have raised the price of gold by Tk 1,750 to Tk 1, 11,041 per bhori (11.664 grams) due to a hike in the price of the precious metal on the international market. The price of 22-carat gold is now Tk 9,520 per gram while it is Tk 9,090 for 21-carat gold, according to a press

Bangladesh now third largest food importer 

Bangladesh has become the third largest food importer by dealing inbound shipment of 100 million tons of food products from the world market in 2021, according to the latest report of Food and Agriculture Organization (FAO). FAO of United Nations released the statistics on World Food

Bangladesh lost Tk92,261cr in bank scams in 15 years: CPD

The Centre for Policy Dialogue (CPD) on Saturday (December 23) revealed that approximately Tk92,261 crore has been plundered from the country’s banking sector over the past 15 years from 2008. The independent think-tank revealed the facts in a media briefing titled 'Economy

CPD urges govt to focus on structural issues for better economic performance

The Centre for Policy Dialogue (CPD) today (December 23) urged the government to focus on structural issues for better economic performance. “The government will have to focus on structural issues since better economic performance will critically hinge on the efficiency of some

27 companies receive China-Bangladesh Business Excellence Award

A total of 27 companies – 15 from Bangladesh and 12 from China – have won the first-ever “China-Bangladesh Business Excellence Award 2023” for their outstanding performance in boosting the bilateral trade between the two countries during the 10th anniversary of the

BB dissolves National Bank board, forms new one

Bangladesh Bank (BB) has formed a new board of the National Bank after dissolving the previous one, which has been criticized for a long time due to a lack of good governance. The executive director and spokesperson of Bangladesh Bank Mezbaul Haque confirmed the matter On Thursday

Toyota recalls 1 million Toyota and Lexus vehicles over air bag issue 

Toyota is recalling roughly 1 million cars in the U.S. because the front passenger air bags may not deploy properly in a crash, posing additional risk of injury to riders, the car maker said Wednesday. A potential defect in the Occupant Classification System (OCS) sensors in the front

East West Media Group Ltd receives top taxpayer award

East West Media Group Limited (EWMGL) has been honoured with the prestigious Best Tax Payer Award in the Print and Electronic Media category in a commendable recognition of fiscal responsibility. Chairman of the National Board of Revenue (NBR), Abu Hena Md Rahmatul Muneem, presented

Gold price extends its consolidative price move amid mixed fundamental cues

Gold price (XAU/USD) struggles to gain any meaningful traction and extends its sideways consolidative price move through the first half of the European session on Tuesday. A slew of influential Federal Reserve (Fed) officials recently downplayed market expectations about an imminent

Gold and silver prices rise in local market

The gold price in the local market has jumped by Tk 1,166 to Tk 1,09,291 per bhori. Besides, the price of silver has also increased by Tk 385 to Tk 2,099 per bhori. The standing committee on pricing and price monitoring of Bangladesh Jeweller’s Association (BAJUS) made the

Be alert while buying Diamonds, warns BAJUS

Bangladesh Jeweller's Association (BAJUS) has urged buyers to be more alert while purchasing diamond ornaments as a group of businessmen are involved in running a fake brand in the name of a member of the organisation. BAJUS came up with the warning in a discussion held at

EU agrees fresh round of sanctions on Russia

EU leaders Thursday agreed to impose a 12th round of sanctions on Russia over the war on Ukraine, targeting diamond exports and better enforcing an oil price cap. The 27 leaders said in a statement issued during their summit in Brussels that they "welcomed" the approval of

Bangladesh Bank removes deposit-rate cap

Bangladesh Bank (BB) has lifted the interest-rate cap to unshackle bankers for collecting deposits of three months and above, thus making the interest regime market-based. The central bank now did it as the interest rate on lending has already been made market-based. The Bangladesh

US Sanctions China, Turkey, UAE Firms for Supporting Russia

The United States unveiled sanctions Tuesday on individuals and companies based in China, Turkey, the United Arab Emirates and other countries, aiming to disrupt Moscow's military procurement networks amid its war in Ukraine. The latest actions take aim at people and entities

IMF approves 2nd tranche of US$682m loan for Bangladesh

The International Monetary Fund (IMF) has approved the installment of US$682 million in the second portion of the $4.7 billion loan package allocated for Bangladesh. Finance Minister AHM Mustafa Kamal late last night confirmed, saying the approval came at the multilateral lender's

BAJUS Fair 2024 in February 

The largest exposition of jewellery sector in the country -- BAJUS Fair 2024-- is slated for February next year to showcase local innovations in gold and diamond products and the excellence of Bangladesh’s goldsmiths. To support the Vision 2041 of Prime Minister Sheikh Hasina,

US House passes bill banning uranium imports from Russia

The US House of Representatives on Monday passed a ban on imports of Russian uranium as lawmakers seek to add pressure on Moscow for its war on Ukraine, though the measure has waivers in case of supply concerns for domestic reactors. The bill must pass the Senate and be signed by