Business

The Bangladesh Jeweler’s Association, BAJUS, has reduced the price of 22 carat gold by Tk 1,680 to Tk 1,34,509 per bhori. Besides, 21-carat gold was cut by Tk 1,580 to 1,28,397 a bhori (11.664 grams), 18-carat by Tk 1,364 to Tk 1,10,062, and gold of traditional method by Tk 1,178 to Tk 90,233 respectively, BAJUS said in a statement on ...

The Dhaka Stock Exchange (DSE), the country’s main capital market, indexes saw an upward trend in the first hour on Thursday. Till 11am on the day, the trading record in the DSE shows, shares and units of 5.53 crore exchange through 53763 transactions. In this time shares and mutual funds worth Tk 163.4 crore were traded. A total of 369 ...

Chancellor Rachel Reeves is planning what she calls the “biggest pension reform in decades” in an attempt to boost growth. The government wants to merge the UK’s 86 council pension schemes into a handful of “pension megafunds”. It is hoped the changes will lead to billions of pounds being invested in the UK in areas such as energy infrastructure, tech ...

Up to 115 Post Office branches and hundreds of head office jobs are at risk as part of a radical shake-up of the business. The Post Office is looking at options for its wholly-owned branches, which currently employ about 1,000 workers and are loss-making. These could include alternative franchise arrangements where an operator like the retailer WHSmith or another third ...

Bangladesh has received remittance of over US$ 7 billion from expatriate citizens in the last three months, official data showed. “Bangladeshi expatriates sent US$ 7.02 billion remittance to the country in the last three months,” said a progress report on the works of different ministries and divisions, reports BSS. The Chief Adviser’s Press Wing shared the document on the occasion ...

A writ petition was filed on Wednesday with the concerned branch of the High Court seeking necessary directives to cancel all power agreements with Adani Group of India. Supreme Court lawyer Barrister M Abdul Qaiyum lodged the writ with the court today. Justice Farah Mahbub and Justice Debashish Roy Chowdhury will hear the petition. On November 6, Abdul Qaiyum served a ...

Chic Wings (BD) Lingerie Co Limited, a Singapore-China-owned company, is set to invest $18 million to establish a garments manufacturing industry in the BEPZA Economic Zone (BEPZA EZ). The Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with the company to this effect at the BEPZA Complex in Dhaka on Tuesday. In the presence of BEPZA Executive Chairman Maj ...

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 ...