Business

Country’s export earnings in October witnessed a healthy growth of 20.60 per cent fetching US$4.13 billion, up by $0.71 billion from $3.42 billion of the same month of the last year. According to data released by the Export Promotion Bureau (EPB), in the first four months of the current fiscal year 2024-25, exports grew by 10.8 per cent to reach ...

Top pub and restaurant bosses have warned the chancellor that tax rises in last month’s Budget will “unquestionably” cause closures and job losses. In a letter, more than 200 signatories have said the hospitality industry is disproportionately impacted by an “unsustainable” hike in the amount employers pay in National Insurance Contributions (NICs). It adds that businesses have “no capacity to ...

Global food prices rose in October to their highest level in 18 months, with a sharp increase in the cost of vegetable oil, the Food and  Organization said on Friday. The FAO Food Price Index, which tracks monthly changes in international prices of a basket of food commodities, reached 127.4 points last month, a two-percent increase from September. It was ...

The Trading Corporation of Bangladesh’s (TCB) spokesperson said the news of cancellation of 4.3 million family cards is not true. TCB’s spokesperson Humayun Kabir in a press briefing today spoke about the family cards. Later some news media reported that TCB has cancelled 4.3 million family cards. Explaining the news, Humayun Kabir told Prothom Alo that out of 10 million ...

The government has taken an initiative to sell egg at affordable price at 13 places under Dhaka North and South City Corporations from Sunday (November 10). Mohammad Alim Akhter Khan, director general of the Directorate of National Consumers’ Right Protection (DNCRP), told this while addressing a programme at the FDC in the capital on Saturday. The consumers will be able ...

Workers of TNZ Apparels Ltd in Gazipur blocked Dhaka-Mymensingh highway in Maleker Bari area of Gazipur city demanding their unpaid dues. The protest began around 9:30AM on Saturday, halting vehicular movement on the highway. The blockade caused a heavy traffic congestion several kilometers long in both the Mymensingh and Tangail directions, as well as towards Dhaka. Bason Police Station OC ...

The Bangladesh Jewellers Association (BAJUS) has announced to reduce gold prices by Tk 3, 452 per bhori (11.664g) in the country as the cost of pure gold falls in the local market This information was provided in a press release signed by Masudur Rahman, the chairman of BAJUS’S pricing and market monitoring permanent committee, on Thursday. The price of each ...

Shoppers could face higher prices as a growing number of big British firms warn about the cost of the National Insurance (NI) tax rises on employers announced in last week’s Budget. Sainsbury’s and Marks & Spencer have hinted at price rises, while pub chain Wetherspoons said “all hospitality business” will increase prices as a result of the tax changes. Meanwhile, ...

The National Board of Revenue (NBR) has issued a notification withdrawing the existing customs and regulatory duties on onion imports. According to an NBR statutory regulatory order (SRO), the total duty on onion imports has been reduced from 10 per cent (customs duty 9.0%+regulatory duty 5.0%) to 0 per cent. This means importers will not have to pay any import ...

Asda has confirmed 475 roles at their head offices in Leeds and Leicestershire will be cut and hybrid working reduced as part of a business restructure. The retailer said the move, which would affect less than 10% of its head office staff, would enable it to “simplify structures” amid a challenging market. In a note to employees on Tuesday, the ...