Saturday, 13 Apr, 2024

Business

Month-long Dhaka Int'l Trade Fair begins today

The month-long Dhaka International Trade Fair (DITF)-2024 will begin today (January 22) at the Bangabandhu Bangladesh-China Friendship Exhibition Center in Purbachal New Town, on the outskirts of the capital city. Prime Minister Sheikh Hasina is scheduled to inaugurate the fair.

Dhaka International Trade Fair to kick off tomorrow

The month-long Dhaka International Trade Fair (DITF)-2024 will begin tomorrow (January 21) at the Bangabandhu Bangladesh-China Friendship Exhibition Center in Purbachal New Town, on the outskirts of the capital city. Prime Minister Sheikh Hasina is scheduled to inaugurate the fair.

Unique Meghnaghat Power achieves financial close for $463m foreign loans, gets first disbursement of $360m 

Unique Meghnaghat Power Limited (UMPL) has recently achieved financial close for the USD 463 million long-term project financing from foreign lenders on 13 December 2023 and got the first disbursement of USD 360 million on 18 December 2023. UMPL has constructed 584 MW combined cycle

Gold price drops by Tk 1,750 day after hiking price

The price of gold has been reduced by Tk 1,750 to Tk 1,10,691 per bhori (11.664 grams) on Thursday, a day after the announcement of a price hike for precious metals. Earlier, on Wednesday, the trade body increased the gold price. The price of 22-carat gold is now Tk 9,490 per gram,

Gold price hits record high of Tk 1,12, 441 per bhori

The Bangladesh Jeweller’s Association (BAJUS) on Wednesday (January 17) raised the price of gold by Tk 1,400 to Tk 1,12, 441 per bhori. The standing committee on pricing and price monitoring of BAJUS made the decision at a meeting. The price of 22-carat gold is now Tk 1,12,

BAJUS seeks duty exemption on gold refineries import

Bangladesh Jewellers Association (BAJUS) has urged the government to provide duty exemption on the import of gold refineries and machinery used in the jewelery industry. BAJUS leaders made the call during a meeting with Industries Minister Nurul Majid Mahmud Humayun at his office on

Inclusion of BAJUS representative in anti-smuggling task force demanded

Bangladesh Jewellers Association (BAJUS) have demanded the inclusion of its representative in the anti-smuggling task force of the Ministry of Home Affairs. In a meeting with Home Minister Asaduzzaman Khan Kamal at the Secretariat on Tuesday, leaders of the organisation also demanded

BB to announce Monetary Policy Statement today

The Bangladesh Bank (BB) is set to announce its Monetary Policy Statement (MPS) today for the second half of the financial year 2023-24. BB Governor Abdur Rouf Talukder will announce the MPS through a press conference to be held at the central bank headquarters in Dhaka, said a press

Cargo ship hit by missile off Yemen: maritime risk company

A Greek-owned cargo ship was hit by a missile off Yemen, a maritime risk management company said on Tuesday, following a string of attacks in the Red Sea by Yemen’s Houthi militia. “A Malta-flagged, Greek-owned bulk carrier was reportedly targeted and impacted with a

Bashundhara Paper unveils its first sustainability report

In a landmark move for the Bangladeshi paper industry, Bashundhara Paper Mills Limited and Bashundhara Multi Paper Industries Limited have unveiled their first Sustainability Report, marking a significant step forward in their commitment to transparency and environmental, social, and

Dhaka trade fair 2024 to begin on January 21

The 28th edition of Dhaka International Trade Fair (DITF)-2024 is set to begin on January 21 at the Bangabandhu Bangladesh-China Friendship Exhibition Centre in the capital's Purbachal area. Haider Ali, information and public relations officer of the Commerce Ministry, confirmed

Arrest warrants issued against Evaly MD, his wife

A Dhaka court on Monday (January 15) issued arrest warrants against Mohammad Rassel, the managing director of the e-commerce platform Evaly, and his wife Shamima Nasrin, in a cheque bounce case. Dhaka Metropolitan Magistrate Md Ali Haider passed the order after the couple failed to

New govt's prompt actions to propel economy

Dr Zaid Bakht, chairman of the board of directors of Agrani Bank Limited, underscored the need for prompt post-election actions by the government to address challenges like inflation, exchange rate fluctuations, and political uncertainties that have a significant impact on trade and

BAJUS for technical diploma course on jewellery 

Bangladesh Jeweller’s Association (BAJUS) has called on the government to introduce a diploma course on jewellery sector to flourish the industry with immense potential. “The artisans involved in the jewelery industry of our country need technical education. By introducing

Boeing: US regulator to increase oversight of firm after blowout

US authorities are stepping up oversight of Boeing's manufacturing line a week after a door plug broke off one of its planes mid-flight. The head of the Federal Aviation Administration (FAA) said he believed there were "significant problems" with the 737-9 Max jet as well

Oil prices surge on Red Sea escalation

Oil prices surged 4% on Friday after US and UK forces launched strikes against Iran-backed Huthi rebels following their attacks on ships in the Red Sea, fuelling worries about a wider conflict in the crude-rich region. Tokyo and European stock markets ended the week with strong gains

Russia and Iran don’t need SWIFT – Tehran

Iran and Russia have officially switched from the West’s SWIFT financial clearing system to a direct interbank transfer mechanism, the deputy head of the Central Bank of Iran (CBI) has said. Mohsen Karimi told Iranian state television on Sunday that the system allows companies in

Bitcoin prices swings after fake regulator post 

Bitcoin jumped briefly on Tuesday after a post on the US markets regulator's X account (formerly Twitter) said it had approved so-called exchange-traded funds (ETFs) in the cryptocurrency. The Securities and Exchange Commission (SEC) later deleted the post and said its account had

FBCCI leaders congratulates PM Hasina for winning polls

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has congratulated Prime Minister Sheikh Hasina for her victory in the 12th National Parliament Election. A team of FBCCI representatives, led by its President Mahbubul Alam, met the prime minister at her residence,

BAJUS president congratulates PM Hasina on polls victory

Bangladesh Jeweller's Association (BAJUS) president Sayem Sobhan Anvir congratulated Prime Minister Sheikh Hasina for winning of the Awami League at the 12th Parliamentary election. BAJUS president in his greeting message said, “With this victory of Sheikh Hasina, Bangladesh