Business

This year’s Ramadan is still a couple of days away, but a segment of traders already appears eager to increase profit margins by raising the prices of different commodities. The government however claims to be on to them, and has taken various initiatives to keep the market stable during the holy month. Prime Minister Sheikh Hasina has directed officials to ...

Biman’s Managing Director and CEO Shafiul Azim said they will not reduce the hajj airfare this year. He said the state-owned Biman Bangladesh Airlines will not slash this year’s hajj airfare despite calls from different quarters, including the religious affairs ministry, for reducing the ticket price. He said this at a press conference held at Balaka Bhaban in Kurmitola in ...

The rapidly-growing bottled water industry can undermine progress towards a key sustainable development goal: Safe water for all, says a new United Nations report. Based on an analysis of literature and data from 109 countries, the report says that in just five decades bottled water has developed into “a major and essentially standalone economic sector,” experiencing 73 per cent growth ...

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 ...