Business

Jewellers have raised the price of gold by Tk 2, 683 to Tk 93,429 per bhori (11.664 grams) due to a hike of ‘pure gold’ in local market. The standing committee on pricing and price monitoring of Bangladesh Jeweller’s Association (BAJUS) made the decision at a meeting held on Saturday. The price of 22-carat gold is now Tk 8,010 per ...

Two tourists carrying ships on Cox’s Bazar-Saint Martin waterways have resumed operations. Two ships– MV Parijat and MV Rajhangsha– left Domdomia Ghat of Teknaf for Saint Martin at about 9:30am on Friday (January 13, 2023) with 610 passengers on board. “We are ready to welcome tourists coming through this route after a long time,” said Jasim Uddin Shuvo, proprietor of ...

The head of one of the world’s biggest oil companies has been named to lead the COP28 global climate talks in Dubai, later this year. Sultan Ahmed Al Jaber is currently the chief executive officer of the Abu Dhabi National Oil Company. He is also the minister for industry and advanced technology for the COP28 hosts, the United Arab Emirates. ...

The World Bank slashed its 2023 growth forecasts on Tuesday to levels teetering on the brink of recession for many countries as the impact of central bank rate hikes intensifies, Russia’s war in Ukraine continues, and the world’s major economic engines sputter. The development lender said it expected global GDP growth of 1.7% in 2023, the slowest pace outside the ...

Three mobile phone operators of the country — Grameenphone, Banglalink and Robi– must have to pay Tk 2,500 crore as part of their debts, said the Appellate Division of the Supreme Court on Tuesday. Three operators will have to pay the amount to the government, National Board of Revenue (NBR) and Bangladesh Telecommunication Regulatory Commission (BTRC). A five-member Appellate Division ...

The state-owned Trading Corporation of Bangladesh (TCB) will start selling essential items across the country from Tuesday at a subsidised rate. Some one crore families across the country having cards would be able to buy such essential items, TCB in a statement said on Monday. It will sell essential commodities among low income in different parts of the country through ...

Detective Branch (DB) of police arrested five persons on charge of spreading rumours about banking sector. They were arrested from different places of the capital on Sunday night, said Dhaka Metropolitan Police (DMP)’s media centre on Monday. The arrested men are Mohammad Nur Un Nabi, Md Afsar Uddin Roman, Md Abu Sayid Saju, Md Shadhin Mia, and Md Abdus Salam. ...

The Dhaka Mass Transit Company Limited (DMTCL) has made a proposal to Bangladesh Energy Regulatory Commission (BERC) seeking electricity supply at low price for metro rail. The DMTCL made the proposal to the power distribution company concerned during a public hearing for power tariff hike held at the Shaheed AKM Shamsul Huque Khan Auditorium of BIAM  in the capital on ...

Bangladesh is now the 35th largest economy in the world, according to a report titled ‘The Top Heavy Global Economy’, published by ‘Visual Capitalist’. Bangladesh and India were the only two South Asian countries considered to be part of the 50 largest economies in this list based on International Monetary Fund (IMF) statistics. Citing IMF statistics, Canadian online publication ‘Visual ...

A total of 18 Bangladeshi home textile manufacturing companies will take part in the four-day trade show ‘Heimtextil Frankfurt 2023’ to be held in Germany from January 10 to 13. Among the Bangladeshi exhibitors, some companies, including Debonair Padding and Quality Solution, Jaantex Industries and Innovating Fabric Ltd, will take part under Export Promotion Bureau (EPB) pavilion while the other ...