Thursday, 29 Sep, 2022

Business

Soybean oil price may come down: Tipu Munshi

Commerce Minister Tipu Munshi has expressed optimism that the price of soybean oil may come down in the next one to two months.   "Due to the high value of the US dollar, the price of daily commodities is not decreasing in the country. Commodity prices are expected to fall

BAJUS demands security for gold traders

Bangladesh Jeweller's Association (BAJUS) on Thursday (Sep 8) demanded the security for the gold traders across the country. The trade body appeared to press in protest against the killing of a jeweller by a group of miscreants in Chattogram's Patiya upazila on Tuesday. On

DNCRP to investigate price hike of toiletries

The Directorate of National Consumer Rights Protection (DNCRP) has formed an investigation team to unearth the reasons behind the hikes in prices of personal care toiletries products including soap, aromatic soap, detergent powder, toothpaste, shampoo and cleaner.   The members of

Two cases filed against Alesha Mart chairman 

A customer today (Sep 7) filed two separate cases against the chairman of scam-hit e-commerce platform Alesha Mart. Abdullah Al Mamun filed two cases, one for dishonouring cheque and another for not supplying him motorbikes in spite of paying the price in advance, against Alesha Mart

LPG price hiked by Tk 16 to Tk 1235 

The price of a 12-kg liquefied petroleum gas (LPG) cylinder has increased by Tk 16 to Tk 1,235. Bangladesh Energy Regulatory Commission (BERC) announced the fresh price on Wednesday (Sep 7). The new price rate will come into effect from 2:00 pm today. The price of different

Close evening banking to save power: Bangladesh Bank

Bangladesh Bank has directed to halt evening banking activities in a bid to save electricity. The Banking Regulations and Policy Department of the central bank issued a notification in this regard and sent it to top executives of banks for immediate effect Tuesday. The notification

Euro hits 20-year low against dollar

The euro sunk below $0.99 on Monday, a 20-year-low, following the announcement last week that Russia would cut off gas deliveries to Germany via the Nord Stream pipeline. The euro fell 0.70 percent to 0.9884 dollars Monday at 0535 GMT, its lowest since December 2002. The European

Two new Indian companies to invest in Bangladesh jewellery sector

After Malabar Gold and Diamonds, two other renowned companies of India have expressed their interest to invest in jewellery sector in Bangladesh. Dwarka Gems Ltd and Niraj Jewellers of India signed Expression of Interest (EOI) with Nazabi Group and Manna Sarder Pvt Ltd of Bangladesh in

Two hundred tons of TCB onion spoils 

Onions that were imported by the Trading Corporation of Bangladesh (TCB) from Turkey of 200 tons have been dumped due to rotten near the TCB office in the EPZ area of Chattogram. However, the rotten smell is spreading in the surrounding area. According to TCB sources, after

Bangladesh bags $2.03 billion remittance in August

Bangladesh in the month of August has received remittance of total US$2.03 billion. The latest information was disclosed by a report of Bangladesh Bank on Thursday (September 1). The country received 12.6 percent more remittance than August of the last year. The amount of remittance

Toggi Services to support implementation of Smart Bangladesh: Safwan Sobhan

Toggi Services Limited (TSL) has stepped into the fifth year of operations with a fresh vow to support implementation of ‘Smart Bangladesh’ envisioned by Prime Minister Sheikh Hasina. Safwan Sobhan, Vice Chairman of Bashundhara Group and Managing Director of TSL was

Economic zones make Bangladesh preferable investment destination

FBCCI President Md. Jashim Uddin has called for branding Bangladesh as the most favorable investment destination in this region by attracting local and global investment in the country's economic zones. He made this call during a courtesy meeting with the President of Bangladesh

Sundarbans reopens for tourists 

Bangladesh Forest Department has reopened the Sundarbans, the world’s largest mangrove forest and a Unesco World Heritage Site, for tourists from today (Sep 1), after the three-month entry ban imposed due to the breeding season of wild animals. Both the local and foreign tourists

BB instructs to sell extra foreign currencies by 30 Sep

Bangladesh Bank (BB) has instructed that people of Bangladesh can keep maximum of foreign currency $10,000 for a month. A notification regarding this has been issued by the central bank on Wednesday (Aug 31). According to it, a resident Bangladeshi can’t keep more than $10,000

Govt to import 1.6 lakh tones fertilisers from Dubai, Saudi Arabia

The government has decided to import 1,60,000 tones of MOP and Urea fertilisers from Duabi and Saudi Arabia. Cabinet Committee on Government Purchase at a meeting approved some proposals on Wednesday.  Finance Minister AHM Mustafa Kamal presided over the meeting. As per a

Govt to import 3.3 lakh tones rice from India, Vietnam

The government has decided to import 330,000 mt of rice from India and Vietnam. Cabinet Committee on Government Purchase at a meeting approved some proposals on Wednesday.  Finance Minister AHM Mustafa Kamal presided over the meeting.  the Food Ministry will import

Govt to import 5 lakh tones wheat from Russia

The government has decided to import 500,000 tones of wheat from Russia. Cabinet Committee on Government Purchase at a meeting approved some proposals on Wednesday.  Finance Minister AHM Mustafa Kamal presided over the meeting.  As per the proposals placed by the food

Russia shuts major gas pipeline to Europe again 

Russia has completely halted gas supplies to Europe via a major pipeline, saying repairs are needed. The Russian state-owned energy giant, Gazprom, said the restrictions on the Nord Stream 1 pipeline would last for the next three days. Russia has already significantly reduced gas

Bashundhara Group gets int’l recognition for CSR excellence

Bashundhara Group has been recognised as the best conglomerate by an international magazine for its excellence in corporate social responsibilities (CSR). UK-based finance and business magazine ‘The Global Economics' published the list featuring Bashundhara Group as the

Legal action for charging extra: Commerce minister

Commerce minister Tipu Munshi today (Aug 30) warned that legal action will be taken against anyone found charging more than the fixed price.  He also said that government will soon fix the prices of nine essential commodities, to ease public sufferings.  Tipu Munshi made