Business

The gold price in the local market has jumped by Tk 7,698 to record Tk 98,794 per bhori (11.664 grams) with effect from Sunday. The price of 22-carat gold is now Tk 8,470 per gram, while it is Tk 8,085 for 21-carat gold, according to a press release issued by Bangladesh Jewellers’ Association (BAJUS) on Saturday. The price of 18-carat ...

The Bangladesh economy has shown signs of improvement in overcoming the deepening dollar crisis caused by the Russia-Ukraine war, with an improvement in forex supply at banks. This has led to importers suffering less from the dollar crisis, as banks are approving more import Letter of Credit (LC) openings than during the peak crisis moment, according to insiders in the ...

An air-conditioned container loaded with watermelons from Bangladesh is being exported to Malaysia through Chattogram seaport today (Friday). Sattar International located in Halishahar of Chattogram is exporting a total of 13,320 kilogram watermelon to Malaysia in the first shipment. Replying to a query, owner of Sattar International Abdul Qaium said “We are exporting this watermelons buying from Shibganj of Bogura. ...

  By Muhammed Shahed Rahman: Launching of Setara Rice was held at Bangla Town in East London. Keeping in mind that people can buy quality rice within their budget, ‘Setara’ has brought a variety of varieties of rice in the market, Sajid Manzoor, director of Setara, said in a press conference in London. On Thursday afternoon (March 16, 2023) at the ...

Daraz has announced its Ramadan Bazar Campaign on Wednesday with a range of offers to provide customers with ‘affordable’ shopping experience ahead of Ramadan. The week-long campaign will run from March 15 to March 22, reports UNB. Talat Rahim, Chief Marketing Officer of Daraz Bangladesh said: “We are excited to launch our Ramadan Bazar Campaign and provide our consumers with ...

Some 101 ADP projects ended the fiscal year 2021-22 without any physical progress while 94 projects could not spend a single penny because of traditional reasons that have been holding back project implementation for years. A latest evaluation report of Implementation, Monitoring and Evaluation Division (IMED) also shows that some projects’ real progress were found to be nill even though ...

After a few days of panic over the health of the US banking system, Wall Street appeared to take a deep breath Tuesday, media reports said. Regional bank stocks rebounded Tuesday morning after being pummelled in a Monday selloff that was fuelled by a mix of contagion fears and a pile-on of short-sellers who profit when stocks lose value, CNN ...

Bangladesh Jeweller’s Association (BAJUS) President and Bashundhara Group Managing Director Sayem Sobhan Anvir on Tuesday urged the women entrepreneurs to come forward in leadership of jewellery business. “Women leaders have been governing the country for the last 32 years. In jewellery sector, women should come forward in business leadership. Females use ornaments mainly. They can explain the product better than ...

Shockwaves from the collapse of Silicon Valley Bank (SVB)pounded global bank stocks further on Tuesday as assurances from President Joe Biden and other policymakers did little to calm markets and prompted a rethink on the interest rate outlook. Biden’s efforts to reassure markets and depositors came after emergency US measures to shore up banks by giving them access to additional ...

Shares in the United Arab Emirates’ ADNOC Gas rose 19 percent in their first day of trading on Monday in a $2.5 billion initial public offering that aims to tap into growing demand for the fuel. ADNOC Gas, a subsidiary of state-owned energy giant Abu Dhabi National Oil Company (ADNOC), closed at 2.82 dirhams ($0.77) after opening at 2.37 and ...