Business

Embattled Chinese property giant Evergrande Group filed for bankruptcy protection in the United States on Thursday, court documents showed, a measure that protects its US assets while it attempts to restructure. Evergrande, once China’s top property developer, was found in 2021 to be struggling with more than $300 billion in liabilities, as it came under intense pressure after officials tightened ...

Bangladesh Jewellers Samity (BAJUS) on Thursday reduced the price of gold by Tk 1,749 a bhori for the domestic market. With the new rate effective from Friday (August 18), one bhori of 22-carat gold (11.664 grammes) will be Tk 99,027, down from Tk 100,776 earlier. BAJUS took the decision on Thursday to adjust the prices with the international market, it ...

The state-run agency Trading Corporation of Bangladesh (TCB) will purchase 80 lakh litres of soybean oil at Tk 127.96 crore from the local market through open tender system in 2023-24 fiscal year. The approvals came from the 26th meeting of the Cabinet Committee on Government Purchase (CCGP) held on Wednesday virtually with Finance Minister AHM Mustafa Kamal in the chair, ...

The price of broiler chicken eggs in the markets around the capital have soared to tk 170-180 (Tk 14-15/piece) per dozen in a span of a week. Local chicken eggs are also being sold at Tk 220-230 per dozen in some places around the city. Market experts and people involved with the egg market say mismanagement in the market is ...

Billionaire Gautam Adani’s group will acquire the remaining 51per cent stake in Quintillion Business Media Pvt Ltd, the firm that runs business and financial news digital media platform BQ Prime. BQ Prime was earlier known as Bloomberg Quint, a former joint venture between US-based financial news agency Bloomberg Media and Raghav Bahl’s Quintillion Media. Last year, Bloomberg exited the agreement ...

The Asian Development Bank (ADB) and the government of Bangladesh on Sunday signed an agreement for US$190 million in additional loan for the ongoing Rural Connectivity Improvement Project that is upgrading rural roads, making agricultural areas more productive, and improving socioeconomic centers in rural Bangladesh. Sharifa Khan, secretary of Economic Relations Division, and Edimon Ginting, ADB Country Director for Bangladesh, ...

The prices of soybean oil and sugar have been lowered “in response to a decline in the import cost in the international market.” With the latest adjustment, the price of bottled soybean oil has been reduced by Tk 5 to Tk 174 per litre and also reduced the prices of packaged sugar by Tk 5 to Tk 135. The Bangladesh ...

Commerce Minister Tipu Munshi has said that if the price does not come down, the decision to import eggs will be taken. “We will allow the Ministry of Fisheries and Livestock to import eggs, if they ask for permission.” The minister came up with the information while inaugurating the sale of TCB products to 1 crore family card holders in ...

The state-run Trading Corporation of Bangladesh (TCB) will start selling essentials from Sunday at subsidised prices as part of its selling operations for the month of August. The TCB will sell such essential items among some one crore family card holders across the country. However, buyers will not receive sugar this time. Commerce Minister Tipu Munshi will formally inaugurate the ...

Three business organisation in Kaptan Bazar were fined Tk 30,000 for not mentioning the price of eggs in purchase and Sales receipts. Directorate of National Consumer Rights Protection, led by Dhaka district office assistant director Md Abdul Jabbar Mandal, conducted the drive on Saturday anf fined the egg traders the amount. Mostafiz Traders and Jahirul Haque Traders have been fined ...