Monday, 25 Nov, 2024

Business

Elon Musk says $8 monthly fee for Twitter blue tick

Elon Musk has said Twitter will charge $8 (£7) monthly to Twitter users who want a blue tick by their name indicating a verified account. As part of changes after a $44bn (£38bn) takeover of the social media site, Mr Musk said it was "essential to defeat

RMG export growth may fall 20pc in October: BGMEA

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) today (Oct 30) said the export earnings target from readymade garments set by the government for the FY23 is unlikely to be achieved due to the high inflation in major markets and shortage of energy in the country.

India's forex reserves fall to 26-month low

India's foreign exchange (forex) reserves declined $3.8 billion to $524.5 billion for the week ending October 21, data released by Reserve Bank of India on Friday showed.  Reserves are at their lowest levels since July 2020. Since last year, reserves have declined by $115

Miss Universe sold for $20 million to Thai media tycoon

A Thai media tycoon and transgender rights advocate has bought the Miss Universe Organization for $20 million, according to her company, which will now host the international beauty pageant. Anne Jakkaphong Jakrajutatip is the CEO of JKN Global Group PCL, a Thailand-based media

Google and Microsoft hit by slowing economy

Sales at the tech giants Alphabet and Microsoft have slowed sharply, adding to fears of a downturn in the economy. Alphabet, which owns Google and YouTube, said sales rose just 6% in the three months to September, to $69bn, as firms cut their advertising budgets. It marked the US

Gold price falls by Tk 1,166 a bhori

Jewellers lowered the price of gold by Tk 1,166 to Tk 80,131 per bhori (11.664 gram) as price of pure gold fell in the local market. The price of 22-carat gold is now Tk 6,870 per gram while it is Tk 6,560 for 21-carat gold, according to a press release of Bangladesh Jeweller’s

Mr. Salim Anwar Joined as Head of Islamic Banking Division of Padma Bank Limited

The fourth generation Padma Bank Limited is going to launch Shariah-based “Padma Bank Islami Banking” division. Initiatives have already been taken to open Islamic banking windows in some branches. Islamic banking veteran Salim Anwar has joined as SEVP & Head of Islamic

PMO orders strict market monitoring to keep prices under control

Prime Minister's Office (PMO) issued a set of directives to the authorities concerned to carry out constant monitoring of the markets to keep normal the prices, stocks and supplies of essential commodities. The PMO held a view exchange meeting virtually with various ministries,

PM to inaugurate factories in economic zones on Wednesday

Prime Minister Sheikh Hasina will inaugurate the 14 industrial units and lay the foundation stones for 29 more factories inside the economic zones on Wednesday (Oct 26). Executive Chairman of the Bangladesh Economic Zones Authority (BEZA) Shaikh Yusuf Harun disclosed this while

BAJUS president wants to unite gold traders under common platform

Bangladesh Jewellers Association (BAJUS) President and Bashundhara Group Managing Director Sayem Sobhan Anvir wants all gold traders to be united under a common platform. This was said by central leaders of the organisation at view exchange meeting with Habiganj unit leaders and

BAJUS working to bring jewellers under one umbrella

Bangladesh Jeweller’s Association (BAJUS) leaders said the association is working to bring all gold traders under one umbrella to prevent smuggling and establish transparency and accountability in the jewelery business. Central leaders of BAJUS remarked on these at a view

BAJUS plans to establish design institute for goldsmiths

Bangladesh Jeweller’s Association (BAJUS) has planned to establish an institute to impart knowledge of modern design to goldsmiths with demos of advanced technology. BAJUS vice president Dr Dewan Aminul Islam said that central executive committee has chalked out various plans for

Bangladesh foreign reserve drops to $35.90 billion

The foreign reserve of Bangladesh has dropped to $35.90 billion as of Thursday (Oct 20). According to Bank sources, the increase in Bangladesh Bank’s dollar sales to address the greenback crisis on the market has affected foreign reserves. High import payments coupled with low

“Meet & Greet” event with 40 corporate leaders

Swisscontact Bangladesh hosted a "Meet & Greet” event with over 40 business leaders to acknowledge and highlight the role of the private sector in achieving the Sustainable Development Goals (SDGs).  The event focused on “SDG 17: Partnerships for the

Image of jewellers restored as PM grants timely gold policy: BAJUS

Prime Minister Sheikh Hasina has restored status of the jewellers by a modern gold policy which was time of the day. Leaders of Bangladesh Jewellers’ Association (BAJUS) made the statements during a view exchange meeting with Kurigram district unit on Thursday. BAJUS former

Pound rises as Liz Truss announces resignation

The pound rose against the dollar and government borrowing costs dipped as the markets reacted to Prime Minister Liz Truss's resignation. Sterling hit $1.13 as the Ms Truss made her announcement and rose higher in the afternoon before falling back to $1.12. One analyst said

BAJUS urges govt to resolve VAT hurdles in jewellery sector

Bangladesh Jeweller's Association (BAJUS) has sought the intervention of Finance Minister AHM Mustafa Kamal to resolve the complexities related to value-added tax (VAT) in the promising jewellery industry. Former BAJUS President Dilip Kumar Roy made the plea while addressing a

Govt to procure 38.6 lakh tons refined fuel oil, 16 lakh tons crude oil

The government today (Oct 19) approved separate proposals in principle to procure some 38.60 lakh metric tons of refined fuel oil and some 16 lakh metric tons of crude oil to meet the growing demand. The approvals came from the 23rd meeting of the Cabinet Committee on Economic Affairs

BAJUS stresses VAT in trading gold ornaments

Bangladesh Jeweller's Association (BAJUS) has instructed gold traders to sell products adhering to VAT. Dr Dilip Kumar Roy, former President of BAJUS and Chairman of organisation’s Standing Committee on District Monitoring, made the instruction on Friday (Oct 14). He was

Bashundhara Oil and Gas Company Ltd secures Tk 900cr syndicated loan

Dhaka Bank Limited has arranged Tk 9,000 million for Bashundhara Oil and Gas Company Limited (BOGCL) as the lead arranger for supporting the production of bitumen, a major element for infrastructure development. The private lender made the announcement of the syndicated term facility