Saturday, 05 Oct, 2024

Business

Bashundhara Cement to be used for Sasec-2, Wecare and STRIP Project

Bashundhara Cement, a concern of the country’s largest business conglomerate Bashundhara Group, signed an agreement with esteemed construction company Abdul Monem Ltd. to supply exclusively Bashundhara Cement for the construction of Sasec-2, Wecare and STRIP project. Deputy

Jewellers want cut in ‘extra’ duty on gold business

Jewellers have urged the government to reduce the “extra duty” levied on gold businesses to help the industry flourish. “The main challenge for the jewellery sector is smuggling, which is driven by high import duties on jewellery products. The sector can flourish with

Premier Bank holds half yearly business conference 2024

The Half-Yearly Business Conference-2024 of the Premier Bank PLC. was held today at Renaissance Dhaka Gulshan Hotel.  Heroic Freedom Fighter Dr. H.B.M. Iqbal, Honorable Chairman, Board of Directors of The Premier Bank PLC. graced the occasion as Chief Guest. Managing Director

Bhutan exploring new potato markets in Bangladesh, Nepal 

The Ministry of Agriculture and Livestock (MoAL) of Bhutan is exploring new markets in Nepal and Bangladesh to bolster the export of potatoes from Bhutan. This move is mainly geared towards diversifying export markets and tackling price fluctuations that affect thousands of potato

Jewellery Machinery Expo boost our courage: Businessmen

When customers described their preferred jewelry designs, goldsmiths or artists often showed an inability to produce or supply them due to a lack of advanced machinery in Bangladesh. Similarly, they could not move forward with new ideas for the same reason. Those days will be over

Tech meets tradition to transform gold industry

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has extended its support to the jewellers' logical demand for cutting the 5% value-added tax (VAT) on the purchase of gold. "In our neighbouring countries, the tax on gold sales is below 5%. On behalf of

PM seeks enhanced trade, business between Bangladesh, Spain

Prime Minister Sheikh Hasina today (July 4) stressed the need for robust trade and commerce between Bangladesh and Spain for mutual benefits. "We want to enhance business between Bangladesh and Spain," she said as Spanish Ambassador here Gabriel Maria Sistiaga Ochoa de

International Jewellery Machinery Expo -2024 begins in Dhaka

The first-ever international exhibition of jewellery machinery began in the capital on Thursday to promote technology integration in traditional jewellery to make the country’s gold industry an export-oriented one. Chairman of Bashundhara Group Ahmed Akbar Sobhan inaugurated the

First-ever Int'l Jewellery Machinery Expo begins today

The country’s first-ever international exhibition of jewellery machinery has stated in the capital today (July 4) to promote technology integration in traditional jewellery businesses and make the gold industry an export-oriented one. Bangladesh Jeweller's Association

Bird flu hits McDonald's Australia breakfast hours

Australian fans of a late morning McDonald's breakfast are having to wake up earlier. The fast food giant has temporarily shortened the hours of its breakfast service in the country by 90 minutes due to an egg shortage caused by a bird flu outbreak. It is currently serving its

First-ever Int'l Jewellery Machinery Expo begins tomorrow

The country’s first-ever international exhibition of jewellery machinery will begin in the capital on Thursday to promote technology integration in traditional jewellery businesses and make the gold industry an export-oriented one. Bangladesh Jeweller's Association (BAJUS),

LPG to get costlier for consumer from today: BERC

The government has readjusted the price of Liquefied Petroleum Gas (LPG) upward and now a 12 kilogram (Kg) LPG cylinder will be sold to the consumers at Tk 1,366 instead of Tk 1,363. The new prices will come into effect from 6pm on July 2, Bangladesh Energy Regulatory Commission (BERC)

Bashundhara Tea awards campaign winners

Bashundhara Tea has awarded winners of a campaign to learn the aspirations of lovers of the traditional drink. Officials of the company handed over the prize to 11 winners in the second phase at a function at Bashundhara Industrial Headquarters-2 in the capital on Monday.

First Int'l Jewellery Machinery Expo 2024 in Dhaka from July 4

An international jewellery machinery exposition will begin for the first time in the country on July 4.  The exhibition, which will begin on July 4 and continue until July 6, aims to enrich the domestic jewellery industry and tap Bangladeshi ornaments' export potential in the

Gold price dropped by Tk 1,073

Jewellers have lowered the price of gold by Tk 1,073 to Tk 1,17,281 per bhori in the market in Bangladesh amid a tariff drop on ‘pure gold’. The standing committee on pricing and price monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the decision at a

WB provides $650m to help Bangladesh develop Bay Terminal

The World Bank’s Board of Executive Directors has approved $650 million to help Bangladesh invest in infrastructure critical for developing the Bay Terminal deep seaport. It will significantly improve Bangladesh's global trade competitiveness and reduce import and export

Joint group meeting of Customs held between Bangladesh, India 

India and Bangladesh held the 7th Commissioner level Joint Group of Customs meeting in Shillong on June 27-28.  The meeting was held to foster cooperation, enhance efficiency and advance shared goals in customs administration in order to strengthen collective efforts in customs

Amazon to launch discount section with direct shipping from China

Amazon.com plans to launch a section on its shopping site featuring cheap items that ship directly to overseas consumers from warehouses in China, tech news site The Information has reported, citing slides shown to Chinese sellers. The new marketplace, Amazon’s most aggressive

VW to invest up to $5bn in Tesla rival Rivian

German car making giant Volkswagen (VW) says it will invest up to $5bn (£3.94bn) in Tesla rival Rivian. The deal creates a joint venture that will allow VW and the US-based electric vehicle (EV) maker to share technology. Rivian shares jumped by almost 50% after the

Gold price rises by Tk1,400 per bhori

Jewellers have inflated the gold price by Tk 1,400 to Tk 1,18,355 per bhori amid the price hike of pure gold in the local market. The standing committee on pricing and price monitoring of the Bangladesh Jeweller’s Association (BAJUS) decided at a meeting on Tuesday (June 25).