Friday, 19 Apr, 2024

Business

All jewellery shops to remain closed on Oct 22 

Gold and jewellery traders will keep their shops closed across the country on Sunday (Oct 22) due to Durga Puja, the largest religious festival of the Hindu community. Bangladesh Jewellers Samity (BAJUS) issued a press release on Saturday in this regard. The association requested

Bangladesh economy is on right track: IMF

Mentioning various measures of the government to address macroeconomic challenges, the International Monetary Fund (IMF) has observed that Bangladesh economy is on the right track. "I think, the economy is on right track in terms of meeting the objective of programme, getting

Gold price climbs again by Tk 2,333

The gold price in the local market has jumped by Tk 2,333 to record Tk 99,377 per bhori. Standing committee on pricing and price monitoring of Bangladesh Jeweller’s Association (BAJUS) made the decision at a meeting held on Wednesday (October 11). The price of 22-carat gold is

22-day ban on hilsa fishing from midnight 

A 22-day government ban on catching, selling, hoarding and transporting hilsa will come into effect from midnight (Thursday) to save mother hilsa during peak breeding season.  The ban will continue till November 02 this year.  On September 20, Fisheries and Livestock

Oil prices rise following Hamas attack on Israel

Oil prices have jumped on concerns that the situation in Israel and Gaza could disrupt output from the Middle East. Brent crude, the international benchmark, climbed by $2.25 a barrel to $86.83, while US prices also rose. Israel and Palestinian territories are not oil producers but

Safwan Sobhan greets new DSE MD

Bashundhara Group Vice Chairman Safwan Sobhan has greeted ATM Tariquzzaman, newly-elected Managing Director (MD) of Dhaka Stock Exchange (DSE). On behalf of Safwan Sobhan, Bashundhara Paper Mills Company Secretary M Mazedul Islam handed over a bouquet to DSE MD at the latter's

Oil prices jump as Hamas attack on Israel fuels supply fears

Oil prices rallied while the dollar and yen advanced Monday after Hamas launched a shock attack on Israel at the weekend, sparking fresh concerns about tensions in the Middle East. The crisis fanned concerns about supplies of crude from the region at a time when supply worries are

TCB to sell onions at Tk 35 per kg from tomorrow

The government on Sunday (October 8) has decided to sell onions at Tk 35 per kg among the family card holders of Trading Corporation of Bangladesh (TCB) in the capital. TCB will start selling onions at nearly one-third of the existing market price in phases from Monday. The TCB

Spain's first private rocket launch deemed 'successful'

A company launched Spain's first private rocket on Saturday, conducting Europe's first fully private rocket launch and offering hope for the continent's spluttering space aspirations. Spanish firm PLD Space — which launched its small Miura-1 rocket at 02:19 am (0019

‘WE Summit 2023’ inaugurated at ICCB

The Women E-Commerce Entrepreneurship Summit (WE Summit) 2023, South Asia's largest summit, has started with the participation of women entrepreneurs and industry stakeholders.  The summit was inaugurated by the State Minister for Culture KM Khalid this morning at

Gold prices drop by Tk1,167 per bhori

The Bangladesh Jeweller's Association (BAJUS) on Wednesday (Oct 4) announced a reduction in gold prices by Tk1,167 per bhori. The price of gold has been slightly reduced in the country's market, according to a press release by Bangladesh Jeweller’s Association (BAJUS)

Gold at 7-month low as US dollar, yields extend rally

Gold prices languished near a seven-month low on Tuesday, weighed down by a robust dollar and elevated bond yields as the likelihood of U.S. interest rates staying higher for longer dominated sentiment. Spot gold was down 0.1% at $1,825.09 per ounce at 1:49 p.m. EDT (1749 GMT), after

United Airlines orders 110 new planes from Boeing, Airbus

United Airlines announced plans on Tuesday to buy 110 new airplanes, expanding its bet that the travel business would grow in the coming years even as evidence mounts that demand for flights is weakening right now. The airline plans to buy 50 Boeing 787 Dreamliners, a twin-aisle plane,

Mr. Sayef Uddin Nasir joins as MD of SMC ENTERPRISE LIMITED

Mr. Sayef Uddin Nasir has joined as the Managing Director (MD) of SMC ENTERPRISE LIMITED.  Mr.Nasirhas multi industry exposure with 3 major multinationals companies - British American Tobacco Bangladesh (BATB), Tetra Pak & Heidelberg Cement and major local conglomerates in

12kg LPG price goes up by Tk 79

The Bangladesh Energy Regulatory Commission (BERC) has increased the price of a 12kg liquefied petroleum gas (LPG) cylinder by Tk 79 to TK 1,363for the month of September. In August, the price was Tk 1,284.  BERC chairman Nurul Amin announced the new price at a press conference

Default loans hit record Tk 1.56 lakh crore

Non-performing loans (NPLs) in the country's banking sector reached a record high of Tk 1,56,039 crore at the end of June this year, according to the latest Bangladesh Bank data. Such loans rose by Tk 35,383 crore between January and June, and Tk 24,419 crore between March and

Bangladesh’s remittance inflow falls for third straight month

Expatriate Bangladeshis sent around US$1,343.66 million remittances during the month of September in the fiscal 2023-24. Remittance earnings of Bangladesh continued to plunge for the third consecutive month with a 13 percent year-on-year drop in September. As per Bangladesh Bank

Gold prices drop by Tk1,749 per bhori

The Bangladesh Jeweller's Association (Bajus) on Saturday (September 30) announced a reduction in gold prices by Tk1,749 per bhori. The price of gold has been slightly reduced in the country's market, according to a press release by Bangladesh Jeweller’s Association

Gold producer Evolution awards A$155M contract to expand its Mungari mine

ASX-listed gold producer Evolution Mining (ASX: EVN) today announced it has awarded a contract to GR Engineering Services to complete the plant expansion works at its Mungari gold mine in Western Australia. According to Evolution, these works are expected to total A$155 million and are

Chinese gold prices fall to 2020 levels, eliminating record spot premium

Gold prices in China fell to three-year lows on Friday following the government’s decision to allow more imports of the precious metal, according to reports. Gold was down 3.8% on the Shanghai Gold Exchange, closing the final day of the trading week only $10 per ounce higher than