Sunday, 24 Nov, 2024

Business

Capital market has potential enough for investment: BSEC Commissioner

Bangladesh Securities and Exchange Commission (BSEC) Commissioner Prof Dr Shaikh Shamsuddin Ahmed said the capital market has much potential to contribute to the economy. He said: “There is huge scope for performance of the capital market. One of the fundamentals of the stock

Three-day Intl ceramics expo in Dhaka from Nov 24 

A three-day international ceramic exposition will kick off in Dhaka on November 24. In the exposition, a total of 90 exhibitors and 200 brands from over 15 countries, including host Bangladesh, are expected to take part.     Bangladesh Ceramic Manufacturers and Exporters

BAJUS holds views-exchange meeting in Cumilla

Bangladesh Jeweler’s Association (BAJUS) held a views-exchange meeting in Cumilla on Friday (Nov 18) to learn about the opportunities and challenges of the local gold traders. The meeting was held at Cumilla Club in Kandirpar area of the city at around 11:00 morning. Speakers

Gold price rises by Tk1,750 per bhori: BAJUS

Bangladesh Jewellers Association (BAJUS) has decided to increase the price of gold in the domestic market by Tk1,750 per bhori on Thursday (Nov 17). The information was disclosed through a notification signed by the BAJUS standing committee chairman, MA Hannan Azad. The new rate

Prices of sugar, soybean oil go up again

The authorities have increased prices of sugar and soybean oil by Tk 13 per kg and 12 per litre respectively. As per the revised price, consumers will now have to pay Tk 190 for a one litre bottle of soyabean oil and Tk 108 for a kilogram of packaged sugar. However, loose soyabean

Amazon plans to cut 10,000 jobs: reports

Online retail giant Amazon is planning to cut 10,000 jobs, which is 3% of its global workforce, as it grapples with the uncertain economy taking over globally, the New York Times (NYT) and Wall Street Journal (WSJ) reported on Monday. The cuts are expected to start rolling this week,

Human chain: Feni jewellers demand arrest of Arjun Vaduri killers

Feni unit of Jewellers association formed a human chain protesting trader Arjun Bhaduri's murder and demanding arrest of the killers. Feni unit of Bangladesh Jewellers’ Association (BAJUS) organised the human chain at Trunk Road in the city on Sunday (Nov 13). Earlier, on

Gold prices increase by Tk 2,333 per bhori

Gold price in the local market has jumped by Tk 2,333 to Tk 82,464 per bhori (11.664 grams) with effect from Sunday (Nov 13). The price of 22-carat gold is now Tk 7,070 per gram while it is Tk 6,750 for 21-carat gold, according to a press release issued by Bangladesh Jewellers’

e-ticketing for Mirpur route buses of 30 companies from tomorrow

Public transport owners are set to start the e-ticketing service for buses of 30 companies on Mirpur route in Dhaka tomorrow (Nov 13). Khandkar Enayet Ullah, General Secretary of Bangladesh Road Transport Owners Association disclosed the matter at a press conference organised at the

Remittance hits all time high of Nu 1.45B in July

The money sent by the Bhutanese abroad to the country has improved by over 130 percent at Nu 1.45 billion (B) or USD 18.29 million (M) in July this year compared with the same month last year. This, according to the Royal Monetary Authority’s latest monthly bulletin, was an

KFC apologises for Kristallnacht chicken promotion

KFC has been forced to apologise after sending a notification to German customers encouraging them to commemorate the Kristallnacht anti-Jewish pogrom with fried chicken and cheese. The fast food chain sent a notification on Wednesday suggesting customers "treat themselves"

Elon Musk sells almost $4bn of Tesla shares

Tesla boss Elon Musk has sold another 19.5 million shares of the electric car maker worth $3.95bn (£3.4bn), filings with the US financial watchdog show. The news comes less than two weeks after the world's richest man completed his $44bn takeover of Twitter. Tesla's

Bangladesh Bank to sell 25kg gold in auction

Bangladesh Bank’s Motijheel office has decided to sell 25kg gold in auction, says a media report. The process to sell 25kg or 2,170 bhori gold will start this month.     According to Bangladesh Bank, registered gold businessmen would be able to purchase tender

'BAJUS President to revive golden era of jewellery industry'

Bangladesh Jewellers' Association (BAJUS) President Sayem Sobhan Anvir is working to bring back golden era of the jewellery industry which gives impetus to the country’s economy. This was said by Dr Dewan Aminul Islam Shahin, vice-president of BAJUS, on Tuesday. He was

Global air travel rebounds to 74 percent of pre-pandemic levels

Global air travel continued its recovery from the pandemic in September as passenger traffic surged 57 percent compared with 2021, trade association figures have shown. Passenger traffic reached 74 percent of pre-pandemic levels in September as people rushed back to travel following

WTO Urges Countries To Lift Green Trade Barriers

The World Trade Organization on Monday urged countries to abolish trade barriers in environmental goods and services in order to help fight climate change. In its annual World Trade Report, the WTO says international commerce should not be pitted against combating the climate crisis.

Jewellery demand is now back to pre-pandemic levels: World Gold Council

The World Gold Council’s latest Gold Demand Trends report reveals that gold demand (excluding OTC) in the third quarter of 2022 hit 1,181 tonnes, up 28% year-on-year. Strong demand pushed the year-to-date total to its pre-COVID levels. Gold demand was bolstered by consumers and

Traders propose to hike soybean oil price by Tk 15 per litre

Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association have proposed to increase the price of bottled soybean oil by Tk 15 per litre. To hike the price of the edible oil, the association submitted the proposal to the senior secretary of the commerce ministry on

Govt to buy fertilizer, 55 lakh litres of soybean oil

The government approved on Thursday (Nov 3) separate proposals for procuring fertilizer, 55 lakh litres of soybean oil and 8,000 metric tons of lentil to meet the growing demand of the country. The approvals came from the 32nd meeting of the Cabinet Committee on Government Purchase

Banking hours 10am to 3:30pm, office time till 5pm from Nov 15

Bangladesh Bank today (November 03) announced a new office timing for bankers and banking hours for service seekers beginning from November 15. From November 15, bankers will have office hours from 10 am to 5 pm from Sunday to Thursday, the central bank said in a circular. The