Friday, 16 Apr, 2021

Business

Bashundhara City Shopping Mall to remain open on Tuesday

Bashundhara City Shopping Mall, the country’s largest shopping centre and a concern of Bashundhara Group, will remain open on Tuesday (April 13). Habibur Rahman, general manager of Bashundhara City, said on Monday (April 11) that despite the weekly holiday (Tuesday), the mega

10am-1pm bank transaction on April 12-13

The Bangladesh Bank has rescheduled timings of transactions in commercial banks from 10:00am to 1:00pm for next two days. According to a circular issued by the central bank on Sunday, the public transactions will take place as per new schedule on Monday and Tuesday. However, the

Plot on to destroy LPG industry

□ Multifaceted factors influence LPG prices □ Highly completive market overburdened by high VAT and tax burden, regulatory expenses □ LPG price still cheaper in Bangladesh compared to other S Asia countries □ High transportation cost, logistic limitations remain a challenge

Faruque Hassan elected as BGMEA president

Faruque Hassan has been elected as the president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) for the term 2021-2023. He led Sammilita Parishad won the biennial election securing 24 posts of directors while the other panel, Forum Panel, led by ABM Shamsuddin

Mills-industries to remain open in lockdown 

The government decided to announce a seven-day lockdown shortly, but the mills and industries will remain out of the ambit of the lockdown. The mills and industries will remain open to keep the cycle of economy unaffected, said state minister for Public Administration Farhad Hossain,

Vietnam's Khánh Hòa province promotes ties with Indian businesses

The leader of the south-central province of Khánh Hòa called on Indian investors to explore its potential and strengths and the cooperation opportunities available in localities during an online conference to promote cooperation between the two sides on Thursday (March 25).

Saudi Arabia keen to invest $15 billion in Bangladesh: Ambassador

Saudi Arabia is keen to invest $15 billion in Bangladesh. Not only Saudi companies are planning to invest in Bangladesh, but Bangladeshi entrepreneurs are also being encouraged to invest in the oil-rich country. Saudi Ambassador to Bangladesh Essa Yussef Essa Al Dulaihan expressed his

Bashundhara Group - Agrani Bank hold view-exchange meeting 

Bashundhara Group Chairman Ahmed Akbar Sobhan visited the head office of Agrani Bank in Dilkusha Commercial Area of the capital on Saturday. He held a view-exchange meeting with the bank Chairman Dr Zaid Bakht and its Managing Director Mohammad Shams-Ul Islam. Ahmed Akbar Sobhan

India's FinTech industry valuation estimated at $150-160b by 2025: Report

New Delhi: The Federation of Indian Chambers of Commerce & Industry (FICCI) and Boston Consulting Group (BCG) on Saturday unveiled 'India FinTech: A $100 Billion Opportunity' report. The report details the findings from the study that BCG and FICCI undertook to size the

India’s e-commerce market to hit $111 billion by 2024

India’s e-commerce market is expected to increase by 84 per cent by 2024 to $111 billion, according to a new report from global financial technology company FIS on Wednesday. The growth will be driven by mobile shopping, which is projected to grow 21 per cent annually over the

Warren Buffett finally joins exclusive $100bn club

Warren Buffett has finally joined the exclusive $100bn (£72bn) club that includes Elon Musk, Jeff Bezos and Bill Gates. The 90-year-old is the chairman of investment firm Berkshire Hathaway, which has seen its shares rise to a record level this year. On Wednesday his net worth

Gold prices drop by Tk 2,041 per bhori

Gold prices dropped by Tk 2,041 to Tk 71,150.40 a bhori (11.664 grams) in the local market on Tuesday. Bangladesh Jewellers Samity (BAJUS) took this decision to balance the market in line with the prices of gold in the international market, said a press release. The new prices came

India may start full operations at Chabahar port by May end

India expects to start full-scale operations at Iran’s Chabahar general cargo port it has built by the end of May, the country’s shipping minister said in a boost for regional trade. India has been developing a part of the port on Iran’s south-eastern coast along the

RMG sector needs to be bent on synthetic threads

Experts stressed use of synthetic threads in RMG sector to beat the global competition on the part of the country’s main remittance earning sector. Bangladesh is the second largest garments exporting country of the world, requiring it to divert to artificial thread to retain the

India, Philippines sign key defence pact, set ball rolling for BrahMos missile sale 

New Delhi: India and Philippines have signed a key enabling pact that will pave the way for government-to-government deals on defence equipment including the supersonic BrahMos cruise missile in the future.  The ‘Implementing Arrangement’ concerning the procurement of

Gold prices drop by Tk 1,516 per bhori

The prices of gold decreased by Tk 1,516 to Tk 72,667 a bhori (11.664 grams) in the local market on Wednesday. Bangladesh Jewellers Samity (BAJUS) took this decision to balance the market in line with the prices of gold in the international market, said a press release. The new

Global price-hike in raw material hits local cement market

Price hike of clinker, the main raw material for cement production, in the international market has affected the cement prices in the local market. Besides, increasing cost of freight on board (FOB) and cost & freight (CFR) fueled the cement price in Bangladesh. According to

Mukesh Ambani richest Asian as China’s Zhong loses $22b

MUMBAI: India’s Mukesh Ambani is back to being the wealthiest person in Asia, foreign media reported. Despite a brutal week for markets, his Reliance Industries Ltd. was relatively unscathed as it said it would spin off its oil-to-chemicals business into an independent unit. With

India to invest 530 million for reconstruction 25 health posts in Nepal

The Embassy of India in Nepal on Friday said that it has signed four Memorandums of Understandings (MoUs) with Nepal for the reconstruction of total 25 health posts “Twelve health posts are located in Dhading district and 13 are located in Sindhupalchowk district and these health

2-month fishing ban in hilsa sanctuaries from Monday

The government imposed a two-month ban on fishing, starting from Monday, in major five hilsa sanctuaries of the country in a bid to protect Hilsa fry. Public relations officer of the ministry concerned Md Iftekhar Hossain came up with this information on Sunday. The fishing,