Business

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 ...

Some one million taxpayers have completed registration for online income tax return filing using the e-return option of www.etaxnbr.gov.bd portal with voluntary participation. The number of online income tax return filings has crossed 2,00,000, according to the National Board of Revenue on Tuesday. The NBR has invited all taxpayers to file return online for smooth return filing and hassle-free service, ...

Bitcoin soared to a new record high on Wednesday as traders bet on victory for Donald Trump in the US presidential race, with the tycoon seen as the pro-crypto candidate. The digital currency hit as much as $75,005.08 at around 0300 GMT, topping its previous all-time peak of $73,797.98 achieved in March. “The price of bitcoin has closely followed Trump’s ...