Business

Garment shipment to the USA, the single largest export destination of Bangladesh, almost doubled in the last five years thanks to the tariff war between the United States of America and China and the presence of competitive prices of the locally made apparels. After having two strong years in 2021 and 2022, apparel export to the USA fell 8.68 percent ...

Royal Mail could be allowed to scrap Saturday post deliveries, as part of an Ofcom review into how the postal service may need updating. The regulator is set to publish a document next week outlining options on how Royal Mail can “evolve to more closely meet consumer needs”. However, Ofcom – which regulates the postal industry – says it is ...

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan has urged the National Board of Revenue (NBR) to streamline customs procedures and ensure hassle-free services for the garment industry, creating a more efficient and competitive business environment. He held a meeting with member (Customs and VAT Admin) of the NBR, Farzana Afrose, at the NBR office in Dhaka on ...

The boss of British Gas owner Centrica has told the BBC his pay last year of £4.5m is “impossible to justify”. Chris O’Shea described the package of salary, bonus and shares as a huge amount of money and said he was incredibly fortunate. While he pointed out that he did not set his pay, he admitted that – with customers ...

The price of gold has decreased by Tk 1,750 per bhori following a reduction in the price of pure gold in the local market. Now, the price of 22-carat (11.664 grams) gold has become Tk 1,10,691 per bhori. Bangladesh Jeweler’s Association (BAJUS) standing committee decided that in a meeting on Thursday (January 18), a press release said. It said the ...

Asian stocks were mixed Thursday after another dour day across global markets fuelled by a sense of resignation that the interest rate cuts long expected in March will not materialise as inflation remains stubbornly high. A lack of meaningful measures by Beijing to boost China’s economy was adding to the frustration among investors, even as growth for 2023 came in ...

Fisheries and Livestock Minister Abdur Rahman on Wednesday said fish, meat, and eggs will be sold at affordable prices a week before the start of Ramadan for low-income people. He said this while talking to reporters at the Secretariat in the capital on Wednesday. This programme will start a few days before Ramadan and will continue in slum areas and ...

Wage growth slowed again in the UK jobs market but is still outpacing price rises, official figures show. Pay growth, excluding bonuses, fell sharply from 7.3% to 6.6% in the three months to November. There are also signs the jobs market is stalling, with the number of vacancies dropping for the 18th time in a row. Retailers reported the sharpest ...

The Bangladesh Bank (BB) will announce its monetary policy statement (MPS) Wednesday for the second half of the current financial year 2023-24. BB Governor Abdur Rouf Talukder will announce the MPS at a press conference at the BB head office at Motijheel in the city, says a press release. The Governor will also brief journalists on the outcome of the ...

Dhaka International Trade Fair (DITF)-2024 is set to begin on January 21 at the Bangabandhu Bangladesh-China Friendship Exhibition Centre in the capital’s Purbachal area. Haider Ali, information and public relations officer of the Commerce Ministry, confirmed the matter on Monday. He said Prime Minister Sheikh Hasina, on that day, will inaugurate the trade fair which will run long a month. ...