Bangladesh Jeweller's Association (BAJUS) has demanded ten-year tax holiday for gold refinery in a bid to flourish the industry. The trade body also sought reduction in Value Added Tax (VAT) from 5 to 3 percent on retail sales of gold, silver and diamond ornaments. BAJUS was

L'Oreal has agreed to buy Australian skincare brand Aesop in a deal worth $2.53bn (£2bn), the French beauty giant's largest takeover in decades. The brand is a "superb combination of urbanity, hedonism and undeniable luxury," L'Oreal chief executive Nicolas

Remittance inflow rose to a seven-month high in March as expatriate Bangladeshis sent a remarkable amount of greenback worth around $2.02 billion to their near and dear ones. Expatriates sent home $2.02 billion last month, the highest since September last year when $1.53 billion flew

Saudi Arabia and other Opec+ members have announced voluntary cuts to their oil production of about 1.15m barrels a day in a surprise move they said was aimed at supporting market stability. The group of oil-producing nations had been largely expected to stick to its already agreed 2m

Bangladesh Energy Regulatory Commission (BERC) has cut down the price of liquefied petroleum gas (LPG) cylinders by Tk 244 to Tk 1,178 per 12 kg. The new price rate will come into effect from 6:00pm on Sunday (April 2).  Bangladesh Energy Regulatory Commission (BERC) announced

Jewellers hiked gold prices by Tk 1,516 per bhori on Saturday (April 1) which set a new record, with each bhori now priced at Tk99,144 in Bangladesh.  The new price will be effective from Sunday (April 2), said a press release of Bangladesh Jewellers' Association (BAJUS)

Gold prices slipped on Wednesday as upbeat equities and a stronger dollar weighed, but declines in safe-haven bullion have been fairly contained so far, signaling lingering worries about the banking sector. Spot gold was trading 0.3% lower at $1,967.29 per ounce by 2:11 p.m. EDT (1811

Bangladesh and Netherlands held talks to promote economic cooperation between the two countries, as Prime Minister's Principal Secretary M Tofazzel Hossain Miah called on Dutch Prime Minister's Foreign and Security Adviser Ambassador Geoffrey Van Leeuwen. Leeuwen, during the

Commerce Minister Tipu Munshi MP said the prices of many essential commodities have already come down.   The minister said this while talking to journalists at his residence on the Central Road in the city today (March 31). He said the prices of some products in the market

World's best fragrance brand Al Haramain Perfumes (AHP) opened its ninth outlet in capital’s Gulshan. AHP director Samira Rahman inaugurated the showroom at Centre Point in Gulshan-2 as chief guest on Friday (March 31). Unimart chief executive officer Murtoza Zaman, United

Japan’s government has announced plans to restrict exports of 23 types of semiconductor manufacturing equipment, aligning its technology trade controls with a US push to curb China’s ability to make advanced chips. The Economy, Trade and Industry Ministry said in a press

Bashundhara Group, the country’s largest business conglomerate, has started fair price sale of 23 products to ease the sufferings of poor and middle-level customers. With the slogan “Bashundharar Ponno, Bhoktar Jonno (Bashundhara’s Products, Meant for Customers), the

Chinese e-commerce giant Alibaba Group Holding Ltd. BABA 8.64%increase; green up pointing triangle said it plans to split itself into six independently run companies that could seek separate IPOs, effectively dismantling a business empire built over two decades by charismatic entrepreneur

Saudi Aramco, the world's biggest oil producer, has agreed to buy a 10 per cent share in one of China's oil refining giants for 24.6 billion yuan ($3.6 billion), in a move that significantly expands its refining presence and secures future sales into the country. Apart from the

The Industries Minister Nurul Majid Mahmud Humayun today (March 27) said there is no shortage of any product in the market, rather the problem lies in the supply chain. The Minister of Industry remarked this while speaking as a chief guest at the MoU signing ceremony between the

Crisis-hit Pakistan recorded a new high in inflation based on sensitive price indicator (SPI) as it went to around 47% year on year (YoY) the week ended March 22, 2023, according to Pakistan Bureau of Statistics (PBS) data. This came following a continued hike in prices of essential

Russia bought one million ounces (31 tonnes) of gold after its invasion of Ukraine. Following a pause in reporting, Russia shed some light on how much gold it purchased over the past year. As of March 2023, Russia's central bank holds 74.9 million ounces of gold worth $135.6

Oil prices declined on Thursday, snapping a three-day winning streak, Trend reports citing Xinhua. The West Texas Intermediate for May delivery dropped 94 cents, or 1.33 percent, to settle at 69.96 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for May delivery

Japan's core consumer prices rose 3.1 percent in February from a year earlier, slowing from a four-decade high as government subsidies on utility bills curbed inflationary pressure while surging food prices threaten to dampen household sentiment, government data showed Friday. The

The gold price in the local market has jumped by Tk 1,166 to record Tk 97,627 per bhori. Standing committee on pricing and price monitoring of Bangladesh Jeweller’s Association (BAJUS) made the decision at a meeting held on Thursday (March 23). The price of 22-carat gold is