Wednesday, 27 Nov, 2024

Business

India lifts ban on onion export

The Indian government today (May 4) lifted the ban on onion export, a move that will bring huge relief to traders in Maharashtra.  This also comes just before the next phases of Lok Sabha election, particularly in the onion belts in Maharashtra. In a notification, the Director

Jewellers optimistic about exporting gold with ‘Made in Bangladesh’ tag

Jewellers have expressed optimism over the export potential of locally manufactured gold bars to contribute more to the foreign exchange reserves. The observation came from local gold businesses during view exchange meetings held in Barishal, Chandpur, Naogaon, Joypurhat, and

Turkey says suspending all trade with Israel

"Exports and imports to and from Israel have been suspended," the trade ministry said in a statement, adding: "Turkey will apply these new measures... until the Israeli government authorises an uninterrupted flow of humanitarian aid to Gaza." Israeli Foreign

Gold price drops by Tk 1,878 per bhori

The price of high-quality precious yellow metal dropped by Tk 1,878 per bhori on Thursday (May 2) afternoon. Good quality gold of 22-carat stood at Tk 1,09, 163 per bhori (11.664 grams) due to a reduction in the price of pure gold on the local market. The standing committee on

Bangladesh has bright future for gold exports: BAJUS

Bangladesh has huge potential in exporting gold ornaments as the country is getting its first gold refinery to boost the industry, according to local entrepreneurs in the sector. “Under the leadership of BAJUS President Sayem Sobhan Anvir, the gold businesses are working together

NBR drive at BRAC Bank: Tk50cr of tax evasion not recovered

Despite a persistent 13-hour drive, a specialized team from the National Board of Revenue (NBR) could not retrieve the Tk50 crore evaded in taxes by BRAC Bank. A team of 14 members led by two deputy commissioners of Tax Zone-15 started the 13-hour drive at Gulshan-1 branch of BRAC Bank

Fuel, gas prices go up

Prices of fuel oils have been increased as the government has fixed the prices of fuel for the third time in line with the world market. According to a government notification issued on Tuesday, prices of diesel and kerosene increased by Tk1 per litre, and the prices of octane and

Bashundhara Group greets new Premier Bank MD 

Bashundhara Group, the country's largest business conglomerate, today (April 30) greeted The Premier Bank’s newly appointed managing director (MD) and chief executive officer (CEO) Mohammad Abu Jafar. On behalf of the top brass, Bashundhara Group’s sector- B chief

Gold price keeps on falling, drops again by Tk420 per bhori

Jewellers revised the tariff of gold for the twelfth time in April as the price of the high-quality precious yellow metal dropped again by Tk 420 per bhori on Tuesday afternoon. Good quality gold of 22-carat stood at Tk 1,11,041 per bhori (11.664 grams) due to a reduction in the price

Tesla China rival BYD sees profits and sales fall

Chinese car giant BYD has seen profits fall as it is hit by slowing demand for electric vehicles (EV) and a price war in the world's largest car market. The firm said it made $630m (£502m) in the first three months of the year, more than 47% lower than the previous quarter.

Use polymer modified bitumen as heat melting roads: Experts

Amidst ferocious heat wave in the country, road surfaces have melted in several districts as most highways were constructed with traditional bitumen, which cannot withstand the extreme heat, according to experts. They also suggest using polymer modified bitumen (PMB) to protect the

Gold price drops again by Tk1,155 per bhori

Jewellers have revised the tariff of gold for the eleventh time in April as the price of the high-quality precious yellow metal dropped again by Tk1,155 per bhori on Monday afternoon. Good quality gold of 22-carat stood at Tk 1,11,461 per bhori (11.664 grams) due to a reduction in the

Dubai to construct world’s largest airport terminal

Dubai has started work on a $35bn airport terminal that is set to have the world’s largest capacity upon completion, the emirate’s ruler has said. Dubai’s Prime Minister and Vice President Sheikh Mohammed bin Rashid Al Maktoum said on Sunday that the new terminal

Bashundhara Group observes World Day for Safety and Health at Work 2024

Bashundhara Group, a pioneer in sustainable practices and industrial excellence, took a proactive stance in commemorating ‘World Day for Safety and Health at Work 2024’. The initiative aimed to raise awareness and foster a culture of safety and well-being across its

Gold price drops by Tk 315 per bhori

Jewellers have revised the tariff of gold for the ninth time in April as the price of the high-quality precious yellow metal dropped by Tk 315 per bhori on Sunday (April 28) afternoon. Good quality gold of 22-carat stood at Tk 1,12,616 per bhori (11.664 grams) due to a reduction

Gold price drops again by Tk630 per bhori

Jewellers have revised the tariff of gold for the ninth time in April as the price of the high-quality precious yellow metal dropped by Tk 630 per bhori on Saturday (April 27) afternoon. However, the traditional gold price was hiked by Tk 2,041 per bhori. Good quality gold of

India to export onions to Bangladesh, 5 other countries

The central government of India has allowed the export of 99,150 MT onion to six countries - Bangladesh, UAE, Bhutan, Bahrain, Mauritius and Sri Lanka.  According to a press release, the decision comes against the backdrop of lower estimated Kharif and Rabi crops in 2023-24

Gold price drops again by Tk629 per bhori

Jewellers reduced gold prices for the third consecutive day on Thursday (April 25). Since Tuesday, prices of the precious metal have fallen by nearly Tk5,870 per bhori to Tk1,13,561 per bhori (11.664 grams) with the latest decrease being Tk629 this afternoon. The standing committee

Trade between Bangladesh, India flourishing through Assam

The trade between India and Bangladesh through Sutarkandi Land Port in Assam’s Karimganj district has witnessed a remarkable increase in the past couple of years. The local businessmen, traders, and local people are expecting that the trade (export and import) between the two

Oil prices climb amid US stocks decline, Middle East conflict

Oil prices extended gains on Wednesday after industry data showed a surprise drop in US crude stocks last week, a positive sign for demand, though markets were also keeping a close eye on hostilities in the Middle East, according to Reuters Brent crude futures rose 26 cents, or 0.29