Sunday, 04 Dec, 2022

Business

Declare courier-logistics sector as service industry: Owners

The entrepreneurs of Courier and Logistics services today (Aug 20) urged the government to declare the courier and logistics sector as the service industry for its betterment. They came up with the plea at the second meeting of the Standing Committee on Logistics and Courier Services

Australia to boost migrant intake as labour shortages hurt businesses

Australia is set to lift its intake of migrants to a record 200,000 arrivals a year to try to combat a drastic shortage of workers. Despite the reopening of borders earlier this year, the severe labour shortages caused by their closures in 2020 have worsened as the economy has

Gold price drops in domestic market by Tk 2,274 a bhori

Bangladesh Jeweller’s Association (BAJUS) has decided to lower the price of gold by Tk 2,274 to Tk 82,056 a bhori. BAJUS on Wednesday (August 17) issued a press release regarding said the price of 22-carat gold is now Tk 7,035 per gram while it is Tk 6,715 for 21-carat gold.

Unscrupulous traders taking advantage of fuel price hike: Tipu

Regarding the recent increase in commodity price, Commerce Minister Tipu Munshi said a class of unscrupulous traders are taking advantage of the fuel oil price hike. He said: "A class of unscrupulous traders look for opportunities."  The minister made the remark while

500 factories to be shifted from Chawkbazar by December: Taposh

Mayor of Dhaka South City Corporation (DSCC) Barrister Sheikh Fazle Noor Taposh on Wednesday (Aug 17) said that they will take initiative to relocate 500 factories and warehouses from Chawkbazar area by December. The mayor made the announcement while visiting the fire-damaged area in

The Big Four - Accounting firms under scrutiny

The Wirecard scandal brought the role of big auditing firms into focus. Their work is supposed to create trust in companies. But are appearances deceptive? EY, PwC, KPMG and Deloitte: these "Big Four" auditing firms are hardly household names. Yet they play a key role in the

Ban on import of Russian gold by West & allies on cards

The USA, UK, Canada, Japan, European Union and countries of G-7 are out to slap ban on import of Russian gold to cripple it economically to retaliate Moscow’s military invasion of Ukraine. Feasibility of the move and aftermath are being discussed right now with a possibility of a

Tk 73,000cr siphoned off annually through gold smuggling: BAJUS

Bangladesh Jeweller's Association (BAJUS) has urged the government to strengthen drives as Tk 73,000 crore is being laundered annually through gold smuggling. "In a recent assessment, we found that gold worth Tk 200 crore is being smuggled into the country everyday. So, the

Johnson & Johnson to end global sales of talc-based baby powder

Johnson & Johnson will stop selling talc-based baby powder globally in 2023, the drugmaker said on Thursday (Aug 11), more than two years after it ended US sales of a product that drew thousands of consumer safety lawsuits. "As part of a worldwide portfolio assessment, we have

BAJUS President for stepping up drives against gold smugglers

Bangladesh Jewellers’ Association (BAJUS) President Sayem Sobhan Anvir put emphasis on multiplied drives against gold smugglers to stop money laundering, protect jewellery sector and the country’s economy. Triggered by the warfare between Russia and Ukraine, the dollar has

Dollar price reaches highest in kerb market to Tk119

US dollar price against local currency taka reached its peak at Tk119 in the kerb market on Wednesday (August 10) despite various measures taken by the Bangladesh Bank (BB).  The price of the dollar has reached its highest in the kerb market which is the biggest fall of

Hilsa price remains high even in peak season 

As the ‘Silver hilsa’ fish started reaching the capital from Barguna within just seven hours after the inauguration of the Padma Bridge, its price went up in the local market during the peak fishing season. In the local municipal fish market, although the sale of hilsa has

Bengal Plastics Ltd Receives LEED Gold Certificate

Bengal Plastics Ltd is awarded LEED Gold Certification by the US Green Building Council, making it the first plastics factory in Bangladesh to receive this distinction.  Bengal Plastics Ltd achieved Gold-Level Certification by implementing a number of measures, including

Dollar price reaches highest in kerb market to Tk115 

US dollar price against local currency taka reached its peak at Tk115 in the kerb market on Monday because of the acute shortage of the greenback in the local market.  The price of the dollar has reached Tk115 in the kerb market today (8 August), the biggest fall in taka’s

BAJUS reduce exchange, alternate rates of gold ornaments

Bangladesh Jeweller's Association (BAJUS) has reduced exchange and alternate rates for gold ornaments for convenience of customers. From now, jewelery companies will deduct 8 percent in case of exchanging their old gold ornaments or jewelery for new gold ornaments, says a press

Tata Motors to buy Ford car making plant in India

Indian automaker Tata Motors has agreed to buy a Ford manufacturing plant in the western state of Gujarat for 7.26bn rupees ($91.5m). The deal comes as Tata moves to boost its car production to meet demand. The deal between Tata's electric vehicle subsidiary and the US car

Hike soya bean oil price by Tk 20 per litre: Importers 

The Bangladesh Vegetable Oil Refiners and Banaspati Manufacturers Association has urged the government to hike the prices of soya bean oil by Tk 20 per litre. The association placed the proposal to the Bangladesh Trade and Tariff Commission on August 3. They proposed the price of

Commercial mushroom farming growing in Bangladesh

The non-green fungal plant mushroom farming has been gradually expanding commercially in the country as it has huge demand in the domestic market and export prospects for its plentiful health benefits. The sector people claimed that cultivating mushrooms in Bangladesh gained momentum

Give 25pc of seized gold to concerned officers: BAJUS President 

Bangladesh Jeweller's Association (BAJUS) President Sayem Sobhan Anvir has made a request to the authorities concerned to award 25 percent of recovered gold to the members of customs and law enforcement agencies concerned. BAJUS President sent three separate letters to Finance

Country’s economy will soon be stable: BB Governor

Bangladesh Bank (BB) Governor Abdur Rouf Talukder said country’s economy will soon become stable as all major indicators are coming back on track.    “The trade gap in July has reduced significantly and a rise in inward remittances is giving the economy a breathing