Sunday, 22 May, 2022

Business

BAJUS leaders hail its president's pledge to revive past glory of gold business 

Leaders of Bangladesh Jewellers Samity (BAJUS) have hailed the firm determination of the organisation’s President and Bashundhara Group Managing Director Sayem Sobhan Anvir to revive the lost heritage of the gold business. They were addressing Khulna Divisional

Oil tops $110 as Russia struggles to maintain energy sales

Benchmark global oil prices surged above $110 a barrel, hitting a multiyear high, as concern mounted that Russia’s growing economic isolation since its invasion of Ukraine would disrupt global energy supplies.  The latest run-up came even after members of the International

Australia assures Bangladesh of continuing duty free market access

Australia has officially assured that it would continue duty-free and quota-free access to Bangladesh exports even after graduation out of LDC in 2026. The commitment came at the meeting of the first joint working group on trade and investment held on 22 February 2022 at Canberra.

Bashundhara Group greets Dhaka Bank’s new MD and CEO

Bashundhara Group, the largest business conglomerate of the country, has greeted newly-appointed Dhaka Bank Limited Managing Director and Chief Executive Officer Emranul Huq. Emranul Huq took over as Managing Director and Chief Executive Officer of the Dhaka Bank Limited on February

Ukraine conflict: Russia doubles interest rate after rouble slumps

Russia has more than doubled its key interest rate after the rouble slumped by 30% against the US dollar. Bank of Russia said it raised the rate to 20% from 9.5% to help cushion the impact on prices of the rouble's slide. It came as the UK, along with the US and EU, cut off

BAJUS to be country's top business organisation

Bangladesh will be a model in the world jewellery industry under the leadership of Bangladesh Jewellers Samity (BAJUS) President Sayem Sobhan Anvir, speakers at a programme in Rajshahi said. Like BGMEA, BAJUS will be the top business organisation in the country, they hoped. 

Western nations agree to disconnect Russian banks from SWIFT

The United Kingdom, Germany, Italy, Canada, the United States, France and the European Commission agreed to impose new "tough financial sanctions" on Russia, including disconnecting some of its banks from the SWIFT system, German government spokesman Steffen Hebenstreit told

Jewellery industry to regain lost glory under Sayem Sobhan Anvir’s leadership

Speakers at a programme in Rangpur on Friday said the jewellery industry will regain its lost glory under the leadership of Bangladesh Jewellers Samity (BAJUS) President Sayem Sobhan Anvir. They made the remarks while addressing the Rangpur Divisional Representatives’

BAJUS seeks VAT cut on jewellery products

Jewellery businessmen have proposed to cut the value-added tax (VAT) on retail sales of gold to 2 percent, saying that slashing the VAT rate will help increase the government’s revenue collection from the booming sector. At present, the jewellers have to pay 5 percent VAT on

Oil soars past $100 after Russia orders troops into Ukraine

Oil prices have surged past $100 (£74) a barrel after Russian President Vladimir Putin launched a "special military operation" in the eastern Donbas region of Ukraine. These are the highest levels seen by the international benchmark Brent crude futures in more than

Ukraine-Russia tensions: Oil surges on supply fears

Oil prices are climbing on fears that the Ukraine-Russia crisis will disrupt supplies across the world. The price of Brent crude, an international benchmark, reached a seven-year high of $97.76 (£72) a barrel on Tuesday. Russia ordered troops into two rebel-held regions in

India's jewellery sector to get huge boost in UAE 

The jewellery sector of India will get a huge export boost in the United Arab Emirates (UAE) market as it would get duty-free access there, while the gulf nation will get greater access to the gold market here as India will give duty concessions on import of up to 200 tonnes, Commerce

Safwan Sobhan elected BEZIA president

Bashundhara Group Vice Chairman Safwan Sobhan has been elected president of the Bangladesh Economic Zone Investors Association (BEZIA). He represents the Bashundhara Industrial Economic Zone in the platform of local and foreign investors. BEZIA election board chairman Dr Kazi Ertaza

Gold price rises by Tk1866 per bhori

Bangladesh Jewellers' Association (BAJUS) has decided to increase the price of gold in the local market by Tk 1,866 per bhori. The new rate will be effective from Thursday (Feb 10), says a press release signed by MA Hannan Azad, chairman of BAJUS Standing Committee on Pricing and

Local bitumen industry suffers from tax discrimination

The production and marketing of bitumen is facing discrimination in taxation structure despite the government’s vision to promote home-grown industries. Despite being an important material for road and highway construction, the local bitumen industry is deprived of policy

PM's support to develop jewellery industry will continue: BAJUS President

Jewellery businessmen demanded setting up a gold bank and a gold exchange in the country to flourish the industry. Bashundhara Group Managing Director and Bangladesh Jewellers Samity (BAJUS) President Sayem Sobhan Anvir sought the intervention of Prime Minister Sheikh Hasinain this

NBR expresses concern as gold smuggling continues unabated

The National Board of Revenue (NBR) has expressed its concern as smuggling of gold into the country is continuing unabated. The NBR also decided to ease the process for gold import from the next fiscal to promote the trade of the precious metal within the legal framework.

12kg LPG cylinder price increases by Tk 62

Bangladesh Energy Regulatory Commission (BERC) has increased price of 12kg cylinder of liquefied petroleum gas (LPG).   The price has been increased by Tk 62 to Tk 1,240 at the retail level, including the value added tax (VAT).   The new price will be effective from 6:00

Bashundhara Group greets SIBL MD and CEO Zafar Alam

Bashundhara Group, the country’s largest business conglomerate, greeted newly-appointed Managing Director and CEO of Social Islami Bank Zafar Alam on Wednesday (Feb 2). On behalf of Bashundhara Group, Chief Operating Officer, Banking (Sector-B) of the Group Razib Samad

Bashundhara Group greets NRBC Bank MD and CEO Golam Awlia

Bashundhara Group, the country’s largest business conglomerate, greeted NRB Commercial (NRBC) Bank Limited Managing Director and Chief Executive Officer (CEO) Golam Awlia on Wednesday (Feb 2). On behalf of Bashundhara Group, Chief Operating Officer, Banking (Sector-B) of the