Finance Minister AHM Mustafa Kamal saw six major challenges for fiscal year (FY23) and said that the government needs to be pragmatic in addressing these challenges as any failure to address them properly may destabilize the macroeconomic stability.    While placing the

People in Thailand can now grow cannabis plants at home and sell the crop after the nation removed marijuana from its banned narcotics list. The nation is the first to advance such a move in South-East Asia, a region known for its stringent drug laws. But recreational use is still

Commerce Minister Tipu Munshi on Monday (June 6) expressed his hope that the country's export earnings would cross $80 billion by 2024. He said: "We've earlier set an export earnings target of $51 billion in this fiscal year (FY22). Now, we're hoping that this figure

Saudi Arabia, the world’s biggest oil exporter, raised oil prices for its largest market in Asia more than expected as major economies in the region eased coronavirus restrictions, helping boost demand, Bloomberg reported.  The increase for July shipments resumes a series of

The Bangladesh Bank has fixed the interbank exchange rate of the US dollar at Tk 91.5. The price was increased by Tk1.6 from Sunday's rate (Tk89.90). Previously on Sunday, most banks in the country settled import Letters of Credit (LCs) at Tk91.50-Tk92 per dollar, two days after

A jeweller in Madaripur sadar has come under criminal attack for refusal to pay extortion. Two extortionists hacked the trader named Munna Jamaddar demanding Tk 2 lakh extortion on Saturday. The victim received treatment from a local hospital. The attackers have been identified as

The country’s jewellery sector will be stronger under the apt leadership of Bangladesh Jewellers Association (BAJUS) President Sayem Sobhan Anvir and a training institute will be established for hiking expertise of the goldsmiths. Former BAJUS President Dr Dilip Kumar Roy made

The government plans to withdraw the existing 5% source tax on the import of gold to encourage imports through the formal channel, finance ministry officials have said. According to the officials, this step is to prevent smuggling of the precious metal. Under the Baggage Rules of

Both international and domestic buyers have rejected a series of tea consignments due to the presence of pesticides and chemicals beyond permissible limits, Indian Tea Exporters Association (ITEA) chairman Anshuman Kanoria said today. Filling up the vacuum created by crisis-hit Sri

Elon Musk is considering a hiring freeze and job cuts of up to 10% of staff at Tesla because he has a “super bad feeling” about the state of the economy, according to an internal email seen by Reuters. Tesla currently has about 5,000 job openings advertised worldwide, and

Bashundhara Spice has sponsored the ongoing 25th Inter-club Shooting Competition, organised by the Bangladesh Shooting Sport Federation, said a news release on Thursday (June 2). The competition began on Wednesday at the Gulshan Shooting Complex in the capital. On behalf of

Bangladesh Jeweller's Association (BAJUS) President Sayem Sobhan Anvir said the country will export gold ornaments. He said: “Bangladesh no more believes in import. From now, the country’s jewellers will export gold ornaments”. Sayem Sobhan Anvir made the

Commerce Minister Tipu Munshi today (June 2) said that edible oil price may come down soon in the local markets as the price of the oil started to decline in the international markets. "The good news is that the prices of edible oil started to decline in the international markets.

Maintaining the market's stability, banks will regulate the US dollar price. In this regard an instruction was given to banks of the country by the Bangladesh Bank (BB), on Thursday (June 2). Executive Director and spokesperson of Bangladesh Bank Sirajul Islam said the banks may

The price of edible oil including essential commodities in Bangladesh is comparatively lower than in other South Asian nations. Recently, the Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association (BVOVMA) increased the retail price of bottled soybean oil by a record

Bangladesh Jeweller's Association (BAJUS) speakers at a meeting have asked customers to buy ornaments assessing quality and hallmarks. They made the call at view of exchange meeting on ensuring quality of gold ornaments held at level 19 of the Bashundhara City Shopping Complex at

Toggi Fun World has offered special discount for customers through digital payment with bKash for any games and rides at the vertically largest theme park in South East Asia. “The users of bKash will enjoy 15 percent cash back on payment in all the exciting rides and games till

Saudi Arabia has ranked first globally in terms of the value of date exports in 2021, according to the Trade Map of the International Trade Center. The value of Saudi exports of dates in 2021 reached SR1.2 billion ($320 million). The Kingdom also realized the highest annual growth

The tobacco industry is a far greater threat than many realise as it is one of the world’s biggest polluters, from leaving mountains of waste to driving global warming, the World Health Organization has warned in a new report. The WHO report Tobacco: Poisoning Our Planet,

Israel has signed a free trade agreement with the United Arab Emirates, its first big trade accord with an Arab state and a move aimed at boosting trade between the two Middle Eastern nations. The pact was signed in Dubai by Israel’s Minister of Economy and Industry Orna Barbivai