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Gold price reduced by Tk 1,749 per bhori

The price of gold (22-carat) has been reduced by Tk 1,749 a bhori for the domestic market. According to a press release from the Bangladesh Jewellers Samity (BAJUS), the new rate will be effective from Sunday (October 1). Now, the price of one bhori of 22-carat gold (11.664 grams) will be Tk 98,211 21-carat Tk 93,779, 18-carat Tk 80,365, and ...

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IFIC Bank holds remittance roadshow in NY

IFIC Bank has arranged remittance roadshows at four places in New York, USA to encourage fast, easy, and secure remittance exchange through legitimate banking channels. The places were Queens, Jamaica, Bronx and Brooklyn. The roadshow were started from September 24 and ended September 28, said a press release. IFIC Bank directors ARM Nazmus Sakib, Md Golam Mostofa, Sudhanshu Sekhar Biswas ...

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First shipment of uranium being taken to Rooppur plant

The first batch of fresh uranium, the nuclear fuel of the first unit of Rooppur nuclear power plant, is being taken to the project site at Rooppur in Ishwardi in Pabna by road from Dhaka. The vehicles, carrying the fresh uranium, started its journey for Pabna in the morning under special security arrangements. The vehicles crossed the Bangabandhu Bridge on ...

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UK approves new North Sea oil production, angering green groups

Britain on Wednesday authorised oil and gas production in its largest undeveloped field to bolster its energy security, one week after the government diluted its net zero targets, triggering further condemnation by environmentalists. Norwegian oil and gas producer Equinor and Ithaca Energy, a subsidiary of Israeli group Delek, will together invest $3.8 billion in developing the Rosebank field in the ...

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Why Bangladesh’s forex reserves dipped to $21.15 billion? Economists cite reasons

Macroeconomists and policy analysts have listed paying deferred dues, the tendency of FDI profits taken abroad by investors, declining inward remittance flow, capital flight, and money laundering as reasons behind Bangladesh’s foreign exchange reserves slipping to US$ 21.15 billion. Bangladesh’s foreign exchange reserves stood at $21.15 billion on Tuesday in line with the IMF reserve calculation method, Bangladesh Bank shared ...

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Gold prices drop by Tk 1,284 per bhori

The Bangladesh Jeweller’s Association (BAJUS) on Wednesday announced a reduction in gold prices by Tk 1,284 per bhori (11.664 grammes) as a result of a decline in the local market value of pure gold. According to a BAJUS press release, this price will be implemented from Thursday (September 28). Currently, the price of per bhori of gold stands at Tk99,960 ...

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Canada’s lentil sales to India slow after Trudeau raised murder suspicions

Canadian lentil sales to India have slowed since Canadian Prime Minister Justin Trudeau said last week he suspected India of involvement in an assassination on Canadian soil, fearing reprisal from New Delhi that could limit trade, industry sources in both countries say, reports Reuters. Trudeau said that Canada was “actively pursuing credible allegations” linking Indian government agents to the murder ...

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Tipu urges Mexican businesses to invest in Bangladesh’s EZs

Commerce Minister Tipu Munshi today urged Mexican entrepreneurs and business community to invest in Bangladesh’s Economic Zones (EZs). “In order to build a Smart Bangladesh by 2041 and make the country one of the fastest-growing economies in the Asia-Pacific region, the government has set a target to establish 100 economic zones. Many countries have already invested in the economic zones,” ...

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Dollar rate hiked again despite Bangladesh Bank’s decision

Bangladesh Bank decided not to bring major changes in the US dollar exchange rate before the upcoming national election. The central bank’s Governor Abdur Rouf Talukder informed of this decision at a meeting with managing directors and CEOs of banks recently. At that meeting, the governor said that Bangladesh Bank will not make any policy changes regarding the dollar market ...

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Income tax returns submission mandatory by Nov 30

The government has made mandatory the submission of tax return by November 30, according to the Income Tax Act 2023. The Income Tax Act, 2023 received the President’s assent on June 22. The Income Tax Ordinance, 1984 was repealed and this new law was enacted. For informing about the new to stakeholders, National Board of Revenue (NBR) has started to ...

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