Business

The leaders of National Garment Workers Federation (NGWF) have sought Prime Minister Sheikh Hasina’s intervention to fix Tk 23,000 minimum wage for RMG workers considering high inflation in the country. They also marched towards the PM office from Shahbagh and submitted a Memorandum at PMO in this regard on Sunday, according to a press release. The current minimum wage is ...

The German finance minister has extended a surprise invite to the UK to take “new steps” on post-Brexit trade relations with the European Union (EU). In a BBC interview, Christian Lindner said: “If you want to intensify your trade relationship with the EU – call us!” A government spokesperson said the UK was open to “new opportunities” across the globe. ...

All jewellery shops will remain closed on October 22 marking the Sharadiya Durga Puja, the biggest religious festival of the Bengali Hindu community. Bangladesh Jeweller’s Association (BAJUS) made the announcement at a press release on Saturday. October 22 marks Maha Ashtami is the eighth day of the Navratri festival celebrated by Hindus for worshipping Goddess Durga.

Mentioning various measures of the government to address macroeconomic challenges, the International Monetary Fund (IMF) has observed that Bangladesh economy is on the right track. “I think, the economy is on right track in terms of meeting the objective of programme, getting inflation under control and addressing macroeconomic challenges given in difficult global environment,” IMF director for the Asia and ...

Singapore’s economy grew faster than expected in the third quarter, preliminary government estimates showed Friday, as construction and services made up for a continued slump in manufacturing. Gross domestic product expanded 0.7 percent year-on-year in the three months ending September, beating forecasts of around 0.4 percent, and extending the 0.5 percent growth in the previous quarter, the trade ministry said. ...

The Bangladesh Jeweler’s Association (Bajus) has decided to raise the price of gold by Tk 2,333 per bhori following a decrease in the price of pure gold in the local market. The new prices will be effective across the country from Thursday, the jewellers’ association said. Now, gold of 22-carat will cost Tk 99,377 per bhori (11.664 grams), 21-carat gold ...

PepsiCo said on Tuesday it planned “modest” price hikes next year as demand held up despite multiple increases that prompted the snacks and beverages giant to raise its 2023 profit forecast for a third straight time. Shares of the company, which owns brands including Mirinda, and Gatorade, rose nearly 2% in early trading after third-quarter profit beat estimates. PepsiCo kicks ...

The Asian Development Bank (ADB) has offered $338 million in loans to Bangladesh for manufacturing vaccines against various diseases. ADB Country Director Edimon Ginting shared the information in a meeting at a meeting with Planning Minister MA Mannan at the latter’s office in the capital on Wednesday. The minister MA Mannan after the meeting told the reporters that the government ...

Fisheries and Livestock Minister SM Rezaul Karim says hilsa production increased by 92 percent in the last 15 years thanks to the comprehensive steps taken by the government. He said that monitoring activities will be intensified in water, land and air ways so that no one can catch hilsa during the mother hilsa conservation campaign from October 12 to November ...

Equities rallied Tuesday after top Federal Reserve officials suggested the recent spike in US Treasury yields could act as a substitute for further interest rate hikes. The big gains came as oil pared the previous day’s surge, which had been fuelled by supply worries after Hamas launched a deadly weekend attack on Israel. Traders are hoping the crisis does not ...