Business

Finance adviser Salehuddin Ahmed told the businessmen of the country that the country cannot be brought out of the corruption and irregularities of 15 years within just three to four months. However, the economy is recuperating gradually and stability is being brought back. The finance adviser said this while addressing a conference titled ‘Forecast of private sector: expectation and priorities’ ...

China has unearthed a monumental gold deposit in Waku village, located in Pingyang District, Hunan Province. This groundbreaking discovery is set to significantly boost the country’s gold industry and marks a major milestone in mineral exploration, reads an Independent report on Friday. According to the Geological Bureau of Hunan Province, the mine contains over 40 gold ore veins or layers, ...

Bangladesh Bank Governor Dr Ahsan H Mansur addresses a press conference at the central bank in the capital on Thursday (November 28) Bangladesh Bank Governor Dr Ahsan H Mansur addresses a press conference at the central bank in the capital on Thursday (November 28) Six weak banks have been given Tk 22,500 crore printing new notes, said Bangladesh Bank Governor ...

Teletalk Bangladesh Limited, the country’s sole state-owned mobile operator, has launched its trial online SIM service. The service started on Wednesday as part of a commercial pilot programme in 11 post offices in Rajshahi, Naogaon, and Chapainawabganj districts under Rajshahi division. Plans are underway to expand the service to post offices nationwide. The trial service was inaugurated in Dhaka where ...

The rising demand for foreign currency exchange is driven by global remittances and expanding cross-border trade fueled by international connectivity. To assist individuals and businesses in staying informed, here are the foreign currency exchange rates as of Thursday: Currency Buy (Tk) Sell (Tk) US Dollar 119.00 120.00 Euro 124.65 129.98 British Pound 149.59 156.01 Japanese Yen 0.78 0.81 Singapore Dollar ...

The American Chamber of Commerce in Bangladesh (AmCham) hosted a networking dinner on November 25, 2024, at the Westin Dhaka to honor a visiting U.S. Delegation from the U.S. Department of State and U.S. Department of Labor. Key figures from the delegation included John Fay, Commercial Counselor; Eric Geelan, Political-Economic Counselor from the U.S. Embassy in Dhaka; and Reed Aeschliman, ...

The Executive Committee of the National Economic Council (ECNEC) has approved a total of five projects involving an overall estimated cost of Tk 5,915.99 crore. The approvals came from a meeting of the ECNEC with its chairperson and Chief Adviser Dr Muhammad Yunus in the chair held at the NEC Conference Room in the city’s Sher-e-Bangla Nagar area on Monday. ...

Bangladesh must prioritise quality enhancement and compliance with international standards to maintain export competitiveness in the post-LDC period, said the national strategy paper on LDC graduation. The current economic model of Bangladesh, driven by export-oriented garments and a protected import-competing sector and based on low wages and minimal regulations, has reached its peak, it added. The next phase of structural ...

The Dhaka Stock Exchange (DSE), the country’s main capital market, indexes saw a downtrend in the first hour on Sunday. On the day, the trading record in the DSE showed shares and units of 2.92 crore were exchanged through 31893 transactions. In this time shares and mutual funds worth Tk 81.3 crore were traded. In this time, a total of ...

Bangladesh Jewellers Association (BAJUS) has announced a hike in gold prices, effective from Sunday, raising the cost of 22-carat gold to Tk 142,266 per bhori (11.664 grams). The new price marks an increase of Tk 2,823 per bhori from the previous rate of Tk 137,449, as per a press release issued by Masudur Rahman, Chairman of the BAJUS Pricing and ...