Business

Jewellers have increased the price of gold by Tk 1,314 to Tk 78,530 per bhori (11.66 grams) in the local market on the ground of price hike in the international market. The new price chart will be effective from Wednesday. According to the Bangladesh Jewellers Samity (BAJUS), each bhori of 22-carat gold was fixed at Tk 78,530 which was sold ...

Bangladeshi companies witnessed huge responses from buyers at the ‘Texworld USA Summer 2022’, and the representatives of the companies were busy during the show with trade inquiries from USA and other countries. “A total of six Bangladeshi fabrics, garments and home textile manufacturers participated at the tradeshow in the USA that was held in New York on July 19-21. The ...

Fishermen are now very busy netting hilsa fish in the southern river basin as the 65-day ban on catching and selling the popular fish ended on Saturday midnight. Fish traders and workers of different fish markets, including Chandpur market, has increased fish business through importing a huge quantity of hilsa fish. After Saturday midnight, fishermen started to catch the fish ...

The government has made submission of income tax return proof mandatory for investing more than five lakh in savings certificate and to open account in post office savings bank. The information came from a circular sent from Debt Management Division of the Bangladesh Bank to Chief Executives of all banks on July 25. The central bank has given directive to ...

Economists have expressed concern just after Bangladesh’s foreign exchange reserves slipped below $40 billion, even though that should be capable of meeting six months import payments, based on imports for the immediate past fiscal. Such concern was not seen 12 years ago, when Bangladesh’s forex reserves were only $10.60 billion in the FY2010 (2009-10 fiscal). That is roughly the same ...

Annual Development Programme (ADP) implementation rebounded to nearly pre-covid level in the just-concluded 2021-22 fiscal year after a two-year slowdown by the pandemic. ADP executing ministries and divisions could spend Tk 2,037.65 billion to post an overall 92.79 percent implementation performance last fiscal, according to a draft report of IMED. ADP performance tumbled to 80.39 percent in FY20 when Bangladesh ...

Wheat prices tumbled Friday, retreating to levels last seen prior to the Russian invasion of Ukraine following a landmark agreement to unblock Ukraine’s Black Sea grain exports. In Chicago, the price of wheat for delivery in September dropped 5.9 percent to $7.59 per bushel, which is equivalent to about 27 kilograms and the lowest close since Russia invaded its neighbor ...

Japan’s core consumer prices for items excluding fresh products rose 2.2 percent in June from a year earlier, driven by energy costs, government data showed Friday. Excluding energy, the increase was just one percent compared to a year earlier, according to data released by the interior affairs ministry. The June inflation figures were in line with expectations and mark the ...

Price of bottled soyabean oil has decreased by Tk 14 per litre to Tk 185 with effect from Thursday. Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association (BVOVMA) has taken this decision. The association sent a letter to Senior Secretary Ministry of Commerce in this regard. Due to decrease in edible oil in the international market, a decision has been ...

The government has set the export target for the current fiscal year at $67 billion, up 11 percent than that a year ago. Commerce Minister Tipu Munshi made the announcement at a press briefing at his ministry in the capital on Wednesday. Of this, $58 billion is expected to come from merchandise export and the remaining $9 billion from services. ...