Business

The price of gold has been reduced by Tk 3,138 per bhori due to a decrease in the price of pure gold on the local market. After that, the price of 22-carat (11.664 grams) gold has fallen to Tk 1,16,290 per bhori. Earlier, the price of gold was raised to the record highest Tk 1,19,428 per bhori on April 21. Besides, ...

Padma Bank’s Managing Director (MD) Tareq Riaz Khan, which is going to merge with Exim Bank, has resigned. Meanwhile, NRB Bank has already decided to appoint him as its MD. On the other hand, Managing Director of Standard Bank Habibur Rahman, who was sent to leave, could not return to work yet. Meghna Bank got new MD. Besides, Bangladesh Bank (BB) ...

Rail passengers are being warned of disruption during the week of the May Bank Holiday after drivers announced more strikes and an overtime ban. Staff at 16 train companies will take part in rolling one-day walkouts between 7 and 9 May over pay and working conditions. An overtime ban will also take place between 6 and 11 May. Passengers are ...

Thames Water is attempting to persuade the regulator to let it raise consumer bills by up to 44% over the next five years by increasing investment. The heavily indebted water firm aims to spend at least £1.1bn more on environmental measures. Regulator Ofwat had dismissed the company’s original proposal, leading to questions over the firm’s future. Thames’s huge debts have ...

The number of compensation payouts made to people wrongly put onto prepayment meters is “completely unacceptable”, the energy secretary has said. Just 1,500 out of 150,000 people assessed have had financial redress from energy suppliers who forced-fitted the meters into their homes. Claire Coutinho said she had spoken to the regulator to sort compensation payouts “as soon as possible”. But ...

The export-import and immigration activities through Tamabil land port in Sylhet resumed on Saturday after two days of suspension due to India’s Lok Sabha election. Tamabil Immigration Police in-charge Runu Mia said the import-export and immigration activities at Tamabil land port remained suspended on Thursday and Friday on the occasion of the 18th general election of India. From Saturday (April ...

An app designed to reduce disruption for Brits travelling across the Channel will not be ready in time for a new EU border scheme, the boss of Eurostar has told the BBC. Under the much-delayed Entry Exit System (EES), non-EU citizens will need to register fingerprints and a photo at the border from October. It was hoped the app developed ...

Private carrier US-Bangla Airlines launched its first-ever flight to Abu Dhabi on Friday marking the third UAE destination served by one of the country’s leading airlines. This initiative will fulfil the growing demand of Bangladeshi expatriates living and working in Abu Dhabi. The private carrier will operate flights from Dhaka to Abu Dhabi every Monday, Wednesday, Thursday and Saturday and ...

Bangladesh Jewelers’ Association (Bajus) has again announced to increase the price of gold. Now the price of gold has been raised by Tk 2,025 per bhori. As a result, the price of 22-carat (11.664 grams) gold has become Tk 1,19,638 per bhori. The Bajus standing committee confirmed the matter with a press release on Thursday (April 19) and said the ...

Internet users will face partial interruptions for an hour from around 3am-4am on Friday due maintenance work on the second submarine cable, said Bangladesh Submarine Cables PLC (BSCPLC). BSCPLC in a release on Thursday said maintenance work will be performed on the South East Asia-Middle East-Western Europe 5 (SEA-ME-WE 5) submarine cable installed in Kuakata. For this, the users are ...