Friday, 29 Mar, 2024

Business

Declaration of price hike of sugar withdrawn

The Trading Corporation of Bangladesh (TCB) has withdrawn its decision to increase the sugar price one day after the declaration. The TCB came up with the decision to sell sugar at Tk 70 per kg on Thursday morning. Earlier on Wednesday (6 March), the TCB fixed per kg sugar price at

Gold price hits record high in Bangladesh

Jewellers have raised the price of gold by Tk 2,216 to a record high of Tk 1,12,907 per bhori (11.664 grams) due to a hike in the price of the precious metal on the international market. The Bangladesh Jewellers' Association (BAJUS) on today adjusted the gold price, attributing the

Kacchi Bhai at Gulshan fined Tk 1 lakh

A mobile court operated by Dhaka North City Corporation (DNCC) today (March 6) fined Kacchi Bhai restaurant’s Gulshan-2 branch in the capital Tk 1 lakh for allegedly not having the necessary documents to run the business. Julker Nayen, Zonal Executive Officer and Executive

Libya seeks long-term partnership with Bangladesh

Libya is keen to provide all possible support to Bangladeshi enterprises and business owners interested in entering its market through partnerships with the private sector and the appointment of Libyan agents. In a meeting with the Ambassador of Bangladesh, Abu Hasnat Bashar, Minister

'Offshore Banking Act, 2024' passed in JS

The Offshore Banking Act of 2024 has been passed in parliament aiming to bolster foreign currency reserves and entice foreign investments. Finance Minister Abul Hassan Mahmood Ali moved the bill and it was passed by voice vote during the parliament session with Speaker Dr Shirin

PM suggests common currency for Muslim countries

Prime Minister Sheikh Hasina today (March 5) said that the Muslim countries could introduce a common currency, like the European Union (EU), to boost trade and commerce among them as a delegation of D-8 Trade Ministers called on her.   “It would be very good, if we, the

Raid on restaurant businesses excessive: BROA

Bangladesh Restaurant Owners Association (BROA) has urged Prime Minister Sheikh Hasina to intervene and end the crisis, criticizing the ongoing raids on restaurant businesses as excessive and ineffective. “Our meeting with Prime Minister Sheikh Hasina is very crucial at this

Ensure poison-free iftar items in Ramadan: POBA

Poribesh Bachao Andolan (POBA) today (March 5) demanded the authorities concerned to ensure the selling of chemical, poison and adulteration-free iftar items and food during the holy month of Ramadan.   Speaking at a press conference in the capital today, the POBA leaders alleged

Bank transactions from 9:30am to 2:30pm during Ramadan

Bangladesh Bank (BB) has fixed office hours from 9:30 am to 4:00pm for all scheduled banks in the country during the Holy month of Ramadan. However, people will be allowed to make banking transactions from 9.30am to 2.30pm, according to a circular issued by the central bank today

Sultan's Dine, Nawabi Voj on Bailey Road sealed off

As part of the ongoing drive following the Bailey Road fire incident, the authorities sealed off Sultan's Dine and Nawabi Voj restaurants on Bailey Road due to their failure to comply with the relevant terms and conditions in running the business.  Meanwhile, Rajdhani Unnayan

China sets ambitious 2024 economic target

China has set an ambitious growth target of around 5% for this year, as it announced a series of measures aimed at boosting its flagging economy. Premier Li Qiang made the announcement at the opening of the annual National People's Congress (NPC) on Tuesday. Mr Li acknowledged

50 lakh families to get rice at affordable price in Ramadan

Food Minister Sadhan Chandra Majumder today (March 4) said 1.5 lakh tonnes of rice will be distributed to 50 lakh families under the Food-Friendly Programme (FPP) during the holy Ramadan.   "One and a half lakh tonnes of food will be distributed to 50 lakh families by March

Egg, beef to be sold at low prices in Dhaka from March 10: Minister

The government is taking an initiative to sell commodities like egg, broiler chicken, beef, and mutton at low prices in Dhaka from 10 March, Fisheries and Livestock Minister Md Abdur Rahman said on Monday (March 4). He said: “These products will be sold on trucks at 30 spots in

India to export 64,400 tonnes onion to UAE, Bangladesh

India is set to export 64,400 tonnes of onion to the UAE and Bangladesh through the National Cooperative Exports Ltd (NCEL), according to notifications of the commerce ministry. While export of 50,000 tonnes of onion is permitted to Bangladesh, shipments of 14,400 tonnes were allowed

Nikkei stock index passes 40,000 for first time amid AI fanfare

Japan’s benchmark stock market index has smashed the 40,000 mark for the first time, continuing its comeback after decades of stagnation. The Nikkei 225 gained 1 percent to 40,308.85 during morning trading on Monday, as investors took an upbeat view of Japanese firms following

Malaysia welcomes 142,748 tourists from Bangladesh in 2023

There has been a remarkable surge in tourist arrivals from Bangladesh to Malaysia in the year 2023, informed Tourism Malaysia-Dhaka in a release.  According to recent statistics released by Malaysian Tourism Board, Malaysia welcomed a staggering total of 142,748 tourists from

Soybean oil at Tk 163 per litre from tomorrow

The customers will be able to purchase soybean oil at Tk 163 a litre from tomorrow (March 3) , a Tk 10 down from the existing rate. Commerce Minister Ahsanul Islam Titu has disclosed this information apart from mentioning that the daily commodities market will be regulated even outside

Govt adjusts power tariff from February

State Minister for power Nasrul Hamid today (Feb 29) said the government has decided to increase power tariff from February 01 to minimize government subsidy to the sector. The average price of electricity is Tk 12 per unit, but selling price is only Tk 7. The government gives Tk

Bangladesh lags behind as locally grown Golden Rice debuts in Philippines

Golden Rice has finally hit markets across the Philippines as the country embraces the genetically modified crop to boost local food production and counter Vitamin A deficiency, an affliction caused by a poor diet that can lead to blindness, especially in children. The Philippines

FBCCI for action against market manipulators during Ramadan

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urged market committee, business association and all concerned to take stern action against those who will create artificial crisis in the commodity market and indulge in extortion during the holy month of Ramadan.