Sunday, 26 May, 2024

Business

Gold price drops again 

The price of good-quality gold has dropped by Tk 1,284 to Tk 1,17,176 per bhori (11.664 grams) due to a reduction in the prices of pure gold on the local market. The standing committee on pricing and price monitoring of the Bangladesh Jeweller’s Association (BAJUS) came up with

Jewellers directed to show tax certificates in visible place

Bangladesh Jeweller's Association (BAJUS) has directed the gold businesses to display certificate of tax-related papers in the visible place of the shop. “The National Board of Revenue (NBR) guideline manifests the display of Business Identification Number at the visible

Gold price drops by Tk 1,084 per bhori

The price of high-quality precious yellow metal dropped by Tk 1,084 per bhori on Thursday (May 23) afternoon. Good quality gold of 22-carat stood at Tk 1,18, 460 per bhori (11.664 grams) due to a reduction in the price of pure gold on the local market. The standing committee on

20 industrial units get President's Industrial Development Award

Industries Minister Nurul Majid Mahmud Humayun on Thursday handed over the “President's Industrial Development Award-2021” to twenty industrial units in six categories for their outstanding contributions in the national economy. The award giving ceremony was held at

Shomvob raises USD 1 million to transform employment access in Bangladesh

Shomvob, the leading B2B job-tech and HR tech platform in Bangladesh today announced a USD 1 million pre-seed financing round led by Singapore-based early-stage venture capital firm Cocoon Capital. Shomvob also received a grant from the Bill & Melinda Gates Foundation to create

Over 300 officials participate in Bashundhara Cement’s annual sales meet 

Bashundhara Cement has held an annual sales conference aimed at empowering sales through innovation and strategy to inspire the stakeholders in the supply chain of the brand. Safwan Sobhan, vice-chairman of Bashundhara Group, recently inaugurated the conference at the International

Indian Railways' RITES to supply 200 coaches to Bangladesh

RITES Limited, a leading engineering consultancy firm, on Monday signed a contract agreement for supplying 200 broad gauge passenger carriages to Bangladesh Railways. The export arm of Indian Railways, RITES has won the USD 111.26 million (approximately Rs 915 crore) contract, funded

Mistine, No.1 Cosmetics in Thailand Launches in Bangladesh

Mistine, No.1 Cosmetics brand in Thailand since 1988, had its grand launch event on May 17 at Jamuna Future Park in the capital.  This brand was founded 36 years ago, Mistine is dedicated to providing consumers with high-quality, innovation and cutting-edge technologies cosmetic

Gold price inflates again by Tk 1,084 per bhori

The Bangladesh Jewellers Association (BAJUS) on Sunday (May 19) increased the price of gold by Tk1,084 per bhori as the cost of pure gold rose on the local market. According to a BAJUS statement, 22-carat gold will now cost Tk 1,19,544 per bhori. As per the latest decision, the

Do Indian women own 11% of the world’s gold?

Considered an auspicious symbol of affluence, a valuable asset, and a fundamental part of everyday life, gold symbolises purity, prosperity and sacredness, and plays an intrinsic part in Indian culture. Celebrations, including weddings, are predominantly celebrated with gold there.

PM opens SME Fair at BICC

Prime Minister Sheikh Hasina today (May 19) inaugurated the seven-day 11th National Small and Medium Enterprises (SME) Fair in the city. She inaugurated the fair at Bangabandhu International Conference Centre (BICC) at Agargaon here this morning. The fair will continue till May 25

Gold price rises by Tk 1,178 per bhori

The Bangladesh Jewellers Association (BAJUS) on Saturday (May 18) increased the price of gold by Tk1,178 per bhori as the cost of pure gold rose on the local market. According to a BAJUS statement, 22-carat gold will now cost Tk 1,18,460 per bhori. As per the latest decision, the

Bangladesh Bank clarifies journalists' access to central bank

Bangladesh Bank (BB) has issued a clarification over recent reports regarding restrictions on journalists' entry to the central bank. In a circular issued on Wednesday, the central bank stated that it considers disseminating information to the public a top priority. In the

Chattogram Port and AD Ports Group sign MoU

State Minister for Shipping Khalid Mahmud Chowdhury has hoped that the Chattogram port would handle export and import-related operations of another country someday. “Now, foreign port operators are making investments in the Chattogram port. I see the possibility and dream that a

Nepal to ensure electricity export to Bangladesh, India

President Ramchandra Paudel on Tuesday (May 14) said that Nepal would ensure the export of electricity to India and Bangladesh while presenting the government's policies and programmes for the upcoming fiscal year at the joint session of Parliament.  Unveiling the coalition

BAJUS review rates for exchanging, selling gold

The Bangladesh Jeweller's Association (BAJUS) has revised up the rate for exchanging gold ornaments to 10% from 9%, and has permitted traders to deduct 15% of the original price when buying older gold from consumers with cash. Comapred with the previous rate, people would have to

Rupayan City customers to get ‘special offer’ on Camerich furniture

Customers and officials of Rupayan City will get ‘a'special offer’ on purchasing furniture from the international Camerich brand. To this end, the realtor signed an agreement with Delco Business Associate of Hamid Group, local franchisee of the United State-based

Bay Group Chairman Shamsur Rahman passes away

Bay Group Chairman Alhaj Shamsur Rahman has passed away while undergoing treatment at a hospital in Singapore. An eminent industrialist of the country, Shamsur Rahman who hails from Shariatpur district, breathed his last at 9 pm on Monday (May 13), confirmed his family members. He

BB introduces crawling peg, sets Tk 117 per USD as mid-point

Bangladesh Bank (BB) introduced the Crawling Peg Mid-Rate (CPMR) system for buying and selling foreign currencies and allowed banks to buy and sell US dollars freely at around Taka 117. The central bank took the decision at a meeting of the Monetary Policy Committee (MPC) at its

Bashundhara to supply cement for expressway construction

Bashundhara will supply cement for construction of the extended part of the Dhaka Elevated Expressway which is being constructed as a public-private partnership. To this end, the leading industrial conglomerate in the country came to an agreement with Chinese joint-venture