Monday, 25 Nov, 2024

Business

Legal action for charging extra: Commerce minister

Commerce minister Tipu Munshi today (Aug 30) warned that legal action will be taken against anyone found charging more than the fixed price.  He also said that government will soon fix the prices of nine essential commodities, to ease public sufferings.  Tipu Munshi made

BAJUS keen to work with BB, NBR against gold smuggling & money laundering

Bangladesh Jewelers’ Association (BAJUS) has expressed interest to work with Bangladesh Bank (BB) and National Board of Revenue (NBR) to prevent gold smuggling and money laundering for the betterment of the country’s economic sectors and gold industry at large. “The

Govt cut fuel prices by Tk 5 per litre

The government has decided to cut the prices of fuel including diesel, octane, petrol and kerosene by Tk 5 per litre.  State Minister for Power, Energy, and Mineral Resources Nasrul Hamid confirmed the matter on Monday (Aug 29) night.  He said the notification will be

Petrol pump owners postpone strike till Sep 12 

Bangladesh Petroleum Dealers, Distributors, Agents and Petrol Pump Owners' Association have postponed their strike till September 12. Nazmul Haque, president of the association, came up with the announcement after a meeting with Bangladesh Petroleum Corporation (BPC) in the capital

Asia stock markets slide on US interest rate fears

Shares in Asia have fallen after the chairman of the US central bank said it would continue to raise interest rates to tackle soaring prices. Jerome Powell warned that the Federal Reserve's policies will cause "some pain to households and businesses". Higher interest

Sundarbans to reopen for tourists on Sept 1

The Forest Department will reopen the Sundarbans, the world's largest mangrove forest and a Unesco world heritage site, for tourists on September 1 after nearly three months of closure.   The Sundarbans will be opened for domestic and foreign tourists, side by side for

Jerome Powell: US stock markets down after interest rate warning

Stock markets in the US ended the week sharply down following tough comments by the head of the country's central bank, the Federal Reserve. The bank's chairman, Jerome Powell, said the bank must continue to raise interest rates to stop inflation from becoming a permanent

No bar in importing food grains from Russia, Ukraine: Commerce minister

Commerce Minister Tipu Munshi today said that there is no bar in importing food grains from Russia and Ukraine as the country can import food grains from these two countries in dollars with support from 24 banks of the world.   The Commerce Minister said this after emerging from a

Tech One Global to give document management solution for EWPD

East West Property Development Limited (EWPD), a real estate unit of the country's leading business conglomerates Bashundhara Group has signed an agreement with Tech One Global Limited to get technical support for the storage and management of important documents. EWPD Senior

BAJUS keen to work with BFIU to stop gold smuggling

Bangladesh Jeweller's Association (BAJUS) wants to work with Bangladesh Financial Intelligence Unit (BFIU) to stop gold smuggling. BAJUS sent a letter to BFIU chief Md Masud Biswas in this regard on August 2. The letter, signed by Bangladesh Jeweller's Association (BAJUS)

BB summons 28 money exchange companies’ details

Bangladesh Bank (BB) summoned the bank accounts of 28 money exchange companies on Tuesday (August 23). Bangladesh Financial Intelligence Unit (BFIU) asked these institutions to submit their bank details, Central bank sources said. The list of the companies are Nivedita Money

Soybean oil prices go up by Tk7 per litre

The price of bottled soybean oil once again increased on Tuesday and a litre of soybean oil will now cost Tk 192 in retail markets. The price has gone up by Tk 7 per litre.  The new prices of the price of bottled soybean oil will come to effect on Tuesday (Aug 23). 

Khulna fuel traders, tank-lorry owners go on strike

Fuel oil traders of Khulna have gone a 12-hour strike since morning to press home their three-point demand including increased commission and tank-lorry rents. The strike started at 6:00am and will continue till 6:00pm, said Sheikh Murad Hossain, general secretary of Khulna Divisional

Gold price increases in domestic market by Tk 1225 a bhori

Bangladesh Jeweller’s Association (BAJUS) have increased the gold price by Tk 1225 to Tk 83,281 per bhori due to a price hike of pure gold. BAJUS on Sunday (August 21) issued a press release regarding said the price of 22-carat gold is now Tk 7,140 per gram while it is Tk 6,815

Declare courier-logistics sector as service industry: Owners

The entrepreneurs of Courier and Logistics services today (Aug 20) urged the government to declare the courier and logistics sector as the service industry for its betterment. They came up with the plea at the second meeting of the Standing Committee on Logistics and Courier Services

Australia to boost migrant intake as labour shortages hurt businesses

Australia is set to lift its intake of migrants to a record 200,000 arrivals a year to try to combat a drastic shortage of workers. Despite the reopening of borders earlier this year, the severe labour shortages caused by their closures in 2020 have worsened as the economy has

Gold price drops in domestic market by Tk 2,274 a bhori

Bangladesh Jeweller’s Association (BAJUS) has decided to lower the price of gold by Tk 2,274 to Tk 82,056 a bhori. BAJUS on Wednesday (August 17) issued a press release regarding said the price of 22-carat gold is now Tk 7,035 per gram while it is Tk 6,715 for 21-carat gold.

Unscrupulous traders taking advantage of fuel price hike: Tipu

Regarding the recent increase in commodity price, Commerce Minister Tipu Munshi said a class of unscrupulous traders are taking advantage of the fuel oil price hike. He said: "A class of unscrupulous traders look for opportunities."  The minister made the remark while

500 factories to be shifted from Chawkbazar by December: Taposh

Mayor of Dhaka South City Corporation (DSCC) Barrister Sheikh Fazle Noor Taposh on Wednesday (Aug 17) said that they will take initiative to relocate 500 factories and warehouses from Chawkbazar area by December. The mayor made the announcement while visiting the fire-damaged area in

The Big Four - Accounting firms under scrutiny

The Wirecard scandal brought the role of big auditing firms into focus. Their work is supposed to create trust in companies. But are appearances deceptive? EY, PwC, KPMG and Deloitte: these "Big Four" auditing firms are hardly household names. Yet they play a key role in the