Investments
Jewellers cut gold prices by Tk 1,890 a bhori
From tomorrow, each bhori of 22-carat gold will cost Tk 140,376
Renata raises Tk 536 crore through zero coupon bonds, preference shares
The fund will reduce average cost of lending of the drug maker
Efficient cross-border trade a boon for LDC graduation: ICCB
With the increase in international trade of Bangladesh, efficient cross-border trade will have notable implications for the country’s status graduation from the least developed country (LDC) to a developing one, said Mahbubur Rahman, president of the International Chamber of Commerce Bangladesh
Stocks fall for second day
Stocks in Bangladesh yesterday stretched their losing streak to two days consecutively as investors grappled with the fallout of Moody’s recent downgrade of the country’s foreign credit rating..The US-based credit rating agency also revised its long-term economic outlook for Bangladesh fro
Panel of advisers formed to solve Beximco Industrial Park’s labour unrest
Labour Adviser Brig Gen (retd) M Sakhawat Hussain will lead the six-member panel
World Bank focuses on creating quality jobs for youth
The World Bank focuses on creating quality jobs for the millions of youth population entering the job market every year, its Country Director for Bangladesh and Bhutan Abdoulaye Seck said yesterday.."We are ever more determined to give it all for Bangladesh,” he said at an exhibition, titl
Govt to import another 50,000 tonnes of rice from India
The interim government will import another 50,000 tonnes of rice from India to increase the country’s food stocks..Finance Adviser Salehuddin Ahmed approved a proposal in this regard at a meeting of a government advisory committee on purchase at Bangladesh Secretariat yesterday..The
277 firms allowed to import 14.81 lakh tonnes of rice
The interim government of Bangladesh has allowed 277 private entities to import 14.81 lakh tonnes of rice as it looks to contain domestic prices of the staple grain by increasing stocks..Of the total, 10.65 lakh tonnes will be boiled rice while the rest will be sunned rice, according to do
Stocks rise marginally after 3-day fall
Major indexes of the stock markets in Bangladesh rose marginally yesterday, snapping a three-day losing streak, as investors cautiously traded shares amidst intense political and economic uncertainties..Recent news over the downgrading of the country’s sovereign rating by Moody’s and the b
Steelmakers call for speeding up infrastructure projects
Steelmakers in Bangladesh have placed a five-point demand to the interim government, which includes accelerating infrastructure development projects, to address ongoing challenges in the industry..“The government needs to intensify its development efforts to resolve the economic crisis tha
Remove barriers to pipe and tube-well industry
Young entrepreneurs in the pipe and tube-well industry of Bangladesh have urged the interim government to address bottlenecks that are hindering their investments and operations..They made this plea at a “views exchange for facilitating business among youths”, organised by the Bangladesh P
Salt farmers depressed by low prices
The cracked and barren fields around the Chowfaldandi village in Cox's Bazar suggest that the season for salt cultivation has arrived. However, disheartened by low market prices of the daily essential, very few farmers are preparing their land for that purpose..According to farmers, prices
Stocks fall after two-day rise
Major indices of the stock market in Bangladesh fell yesterday, snapping a two-day gaining streak as investors cautiously traded select shares to pocket short-term gains amid price fluctuations resulting from earnings disclosures by listed companies..The DSEX, which reflects the cumulative
Trump’s high tariffs on China may lower edible oil prices globally: importers
The Trump Administration’s imposition of high tariffs on goods made in China may help to reduce the price of soybean seeds and edible oil in Bangladesh, traders and importers said..China’s retaliatory tariffs may also discourage Chinese importers from buying US goods, they added. .If
Freeze accounts of NRBC Bank chairman
Banks have been asked to freeze all personal and private company accounts of three top former and current officials of NRBC Bank
Major portion of plastic waste not recycled
A major portion of plastic waste ends up in landfills and a substantial amount pollutes the marine environment every year instead of being recycled, according to experts..“About 293,825 tonnes of plastic waste are recycled per year,” said Ferdaus Ara Begum, chief executive officer of Busin
Renata’s profit falls 42% despite higher sales in Q1
Increased spending on raw material, manpower caused the fall
Up to Tk 50 fee imposed on online tax payments
The fee will be Tk 20 for payments of up to Tk 25,000 and Tk 50 for up to Tk 50,000