Sunday, 22 May, 2022

Business

India to launch digital rupee as soon as this year

India's finance minister has said the country will launch a digital version of the rupee as early as this year, reports BBC. In her annual budget speech, Nirmala Sitharaman also outlined plans for a 30% tax on income from digital assets. It would put profits from trading or

Jewellery industry needs PM support to boost country's economy: BAJUS President 

Bangladesh can check gold smuggling apart from earning billions of dollars in foreign currencies, if a vibrant jewellery industry is established here with support from the government.  Bangladesh Jeweller's Association (BAJUS) President Sayem Sobhan Anvir, also the Managing

Gold has potential to surpass RMG in export earnings: Bashundhara Chairman

Bashundhara Group Chairman Ahmed Akbar Sobhan expressed the hope that the gold industry will surpass the garment sector in terms of export earnings in near future with its increased value addition. “We can earn huge foreign currencies through exporting gold to China and

Agrani Bank opens branch, holds Managers' Conference in Kushtia

Agrani Bank Managing Director and CEO Mohammad Shams-ul Islam has recently exchanged views with Kushtia and Chuadanga branch managers of Kushtia Region. At the same time, he inaugurated the Chourhas branch of the bank in the region. He also visited Desh Agro, Subarna Auto Rice Mill,

Covid-19: Banks to run with 50pc manpower

The Bangladesh Bank on Monday (Jan 24) directed all banks to run with half of their manpower in a bid to contain the spread of COVID-19 infection. A notice issued by the Department of Off-Site Supervision (DOS) of the central bank was sent to all banks across the country in this

Fuel oil, bitumen prices may rise as crude oil price hits 7-year high

Brent crude price in the international market has hit record high at $88 per barrel in the last seven years affecting the production of related products and sparking a great concern. The international market has also seen soaring price of unrefined oil, sources said. Price of crude

Central bank cuts single borrower exposure limit to 25pc

The Bangladesh Bank has reduced the limit of loan provided by any bank to a single person or organisation to 25 percent of its total regulatory capital from the previous 35 percent as part of its measures to contain the concentration of loans among a small group of people. From now on,

Bashundhara bitumen to set new standard by quality:  Khulna Mayor 

Khulna City Corporation Mayor Talukder Abdul Khaleque on Sunday said that the Bashundhara bitumen will set a new standard by its superior quality. He said Bashundhara Group, which is contributing to the development of the country as a leading industrial conglomerate, is producing

Bashundhara Group greets newly-appointed National Bank MD

Bashundhara Group Chairman Ahmed Akbar Sobhan has congratulated newly-appointed Managing Director and Chief Executive Officer of the National Bank Limited Md Mehmood Husain. On behalf of Bashundhara Group Chairman, Chief Operating Officer, Banking (Sector-B) of the Group Razib Samad

BAJUS Chattogram committee takes oath

Newly-elected executive committee of Bangladesh Jewellers Samity (BAJUS) for Chattogram district took oath on Sunday (Jan 9). BAJUS central committee president Sayem Sobhan Anvir, also Managing Director of Bashundhara Gold Refinery Ltd, congratulated the new BAJUS committee of

Bashundhara Ready Mix and Construction Industries Ltd begins commercial operations

Bashundhara Ready Mix and Construction Industries Limited (BRMCIL), a concern of the country’s largest business conglomerate Bashundhara Group, has started commercial operations on Sunday aiming to fulfil the country's growing demand for concrete. Bashundhara Group Vice

Bashundhara Tissue gets Best Brand Award for 4th time

Bashundhara Tissue, a brand of the country’s largest business conglomerate Bashundhara Group, has received the Best Brand Award 2021 for the fourth consecutive term. Bangladesh Brand Forum in partnership with Nielsen Bangladesh accorded the award at its 13th ceremony held at Le

Bashundhara LP Gas receives Best Brand Award again

Bashundhara LP Gas has received the “Best Brand Award” in liquefied petroleum gas (LPG) category by Bangladesh Brand Forum (BBF) for second time. Bashundhara LPG chief financial officer Mahbub Alam, head of human resources Saad Tanvir and head of sales Zakaria Jalal

Dhaka Bank opens new branch in Bashundhara area

Dhaka Bank has opened new branch at Bashundhara residential area to offer most modern financial services to people of the prestigious neighborhood in the capital. Bashundhara Group Managing Director Sayem Sobhan Anvir was guest of honour while Dhaka Bank’s chairman Abdul Hai

Bashundhara Paper Mills Ltd okays 12pc cash dividend

Bashundhara Paper Mills Limited (BPML) has approved 12 percent cash dividend for its shareholders in capital market for audited fiscal year 2020-21 ending on June 30. Board of Directors gave the approval of the dividend at the 28th Annual General Meeting (AGM) held on virtual platform

Trade through Benapole land port suspended

Trans-border trading through Benapole-Petrapole Land Port halted due to Christmas. Import and export activities will resume on Sunday, Land-port sources said said.  Mofizur Rahman Sajan, president of Benapole C&F Agents Association, said that import and export from India

Apple shut 8 stores amid Covid-19 surge in US

Apple Inc. temporarily shuttered at least eight retail stores in the US and Canada over the past day as Covid-19 cases surged among the public and employees, Bloomberg reports. Since Tuesday, Apple has closed the following locations: Dadeland in Miami The Gardens Mall in Palm Beach

Five-day REHAB fair begins in Dhaka

REHAB Fair-2021 has kicked off in the capital, Dhaka, today (Dec 23) to showcase apartments, land and other real estate and housing products. Commerce Minister Tipu Munshi inaugurated the five-day fair at the Bangabandhu International Conference Centre. The minister also visited

Bashundhara Cement to be used for Dhaka Ashulia Expressway

Bashundhara Cement, the leading brand in the market and a product of the Bashundhara Group, will be used for constructing the Dhaka Ashulia Elevated Expressway. Bashundhara Cement signed an agreement with the Chinese company Fifth Major Bridge Engineering Co. Limited (MBEC-5) in this

BAJUS president urges unity to resolve problems of jewellery sector

Newly-elected President of Bangladesh Jewellers Samity (BAJUS) Sayem Sobhan Anvir urged businessmen and owners concerned to be united for resolving problems of the jewellery sector. Sayem Sobhan Anvir, also Managing Director of the Bashundhara Group, was addressing the second meeting