Friday, 29 Mar, 2024

Business

India imposes 40% export duty on onions

India in a move to tame down rising prices of onions in the domestic market has declared the imposition of 40 percent duty on the export of the crop till December 31. The announcement came in an Indian finance ministry notification issued on Saturday. The export duty comes amid

Gold prices drop by Tk1,750 per bhori

The Bangladesh Jeweller's Association (Bajus) on Sunday (August 17) announced a reduction in gold prices by Tk1,750 per bhori.  According to a Bajus press release, the price cut comes as a result of a decline in the local market value of pure gold.  The Bajus took the

VinFast: Vietnam EV maker valued at more than Ford or GM

Vietnamese electric vehicle (EV) maker VinFast's stock market valuation has soared above Ford and General Motors (GM) on its first day of trading. Shares in the firm, which has yet to make a profit, closed above $37 (£29) each in their New York's debut. That gave

Bashundhara Group signs deal with Magnetism Tech for smart shipping solution

Bashundhara Group has taken a significant stride towards revolutionizing the maritime industry with its latest collaboration. Bashundhara Group's IT division today (August 16) signed a pivotal agreement with Magnetism Tech Ltd. for the development of an ERP software solution aimed at

Soybean oil prices drop by Tk5 per litre

The price of bottled soybean oil has been reduced by Tk5 to Tk174 per litre. The price of bottled soybean oil decreases by Tk 5 a litre as bottled soybean will be sold at Tk 174 The Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association adjusted the price of

Bashundhara Impress arrives in Mongla with 31,700 MT coal for Rampal

A commercial ship MV Bashundhara Impress on Sunday (August 13) arrived at Mongla port with 31,700 metric tonnes (MT) of coal from Indonesia. The Rampal thermal power plant will go back into production soon with this coal. The ship anchored at jetty no-12 of the port's Harbaria

TCB to start selling commodities tomorrow 

The Trading Corporation of Bangladesh (TCB) will start selling essential commodities from tomorrow (August 13) at subsidized prices as part of its selling operations for the month of August. The TCB will sell such essential items among some one crore family cardholders across the

Robust connectivity boosts intra-BIMSTEC trade: Pranay Verma

Indian High Commissioner Pranay Verma highlighted the importance of regional cooperation under BIMSTEC in the context of the current global uncertainties. He underscored that the India-Bangladesh relations is an important anchor of the cooperation architecture of BIMSTEC. Verma was

Orientation of newly formed BAJUS Narayanganj unit held

The oath and introduction ceremony for the newly formed body of Narayanganj unit Bangladesh Jeweller's Association (BAJUS) was held on Sunday. The meeting was held at the local Food Fantasy restaurant on Bangabandhu Road in Narayanganj city. Presided over by the newly-elected

12kg LPG price goes up by Tk 141

The Bangladesh Energy Regulatory Commission (BERC) has increased the price of a 12kg liquefied petroleum gas (LPG) cylinder by Tk 141 to Tk 1,140 for the month of August. In July, the price was Tk 999.  BERC chairman Nurul Amin announced the new price at a press conference

Remittance hits Tk18,978cr in 28 days

Bangladeshi remitters sent home nearly $1.75 billion (Tk18,978 crore) during the first 28 days of July marking a hopeful sign for the economy amid the ongoing dollar crisis.    According to the latest central bank data released on Sunday, Bangladeshis working or living abroad

FBCCI election tomorrow

The election to the Board of Directors of the  Federation of Bangladesh Chambers of Commerce of Industry (FBCCI) for the 2023-2025 term would be held tomorrow (July 31) at the Bangabandhu International Conference Center (BICC) in the capital.  A total of 34 directors -- 17

Indian state’s new tax on digital platforms sets gig workers against firms

Gig workers have welcomed a new law in India’s largest state Rajasthan to impose a tax on revenue earned by digital platforms that operate in the state, including global giants Uber and Amazon, even as industry groups have warned it will eventually hurt customers and derail business

73 firms named for Nat'l Export Trophy

The government has picked 73 export-oriented companies to award with the National Export Trophy for the 2020-21 fiscal for earning the highest amounts of foreign currencies. Of the recipients, who represent 32 sectors, 28 won the award in the gold category, 25 in the silver category

Austrade, BGMEA discuss ways to boost trade, investment

A delegation of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), led by its President Faruque Hassan, met with Daniel Boyer, Deputy CEO of Australian Trade and Investment Commission (Austrade), in Sydney on Saturday.   The meeting was also attended by Bangladesh

Japan wants to invest in Bangladesh's mega projects: Tipu

Commerce Minister Tipu Munshi today (July 23) said that Japan wants to make investment in the mega projects of Bangladesh.   He also said that Japan has expressed its keen interest in staying besides Bangladesh through enhancing trade and investment to materialize the dream of

G20 Energy Ministers Fail To Agree On Fossil Fuels Roadmap

Energy ministers from the group of 20 nations meeting in India Saturday failed to agree on a roadmap to phase down the use of fossil fuels in the global energy mix. A final statement after the meeting did not even mention coal, a major contributor to global warming. The dirty fuel

Battle of lights begins at Toggi Fun World

Young gamers have thrilled with the battle of lights against each other at Toggi Fun World as an exhilarating laser tag tournament began at the theme park on Friday. Bashundhara City Shopping Complex in Dhaka houses the South Asia’s largest theme park for virtual reality gaming.

Australia to continue Duty Free Quota Free access for Bangladesh in Post LDC period

Australian Senator and Assistant Minister for Trade Tim Ayres assured to continue Duty Free Quota Free access for Bangladesh in Post LDC period. “Graduation from LDC status would not make any changes to existing Duty Free Quota Free access of Bangladesh’s products to

Gold price hits Tk 1, 00,777 a bhori

Jewellers hiked gold prices by Tk 2,333 per bhori on Thursday (July 20) which set a new record, with each bhori now priced at Tk 1, 00,777 in Bangladesh.  The new price will be effective from Friday (July 21), said a press release of Bangladesh Jewellers' Association (BAJUS)