Thursday, 27 Feb, 2025

Business

BAJUS plans to establish design institute for goldsmiths

Bangladesh Jeweller’s Association (BAJUS) has planned to establish an institute to impart knowledge of modern design to goldsmiths with demos of advanced technology. BAJUS vice president Dr Dewan Aminul Islam said that central executive committee has chalked out various plans for

Bangladesh foreign reserve drops to $35.90 billion

The foreign reserve of Bangladesh has dropped to $35.90 billion as of Thursday (Oct 20). According to Bank sources, the increase in Bangladesh Bank’s dollar sales to address the greenback crisis on the market has affected foreign reserves. High import payments coupled with low

“Meet & Greet” event with 40 corporate leaders

Swisscontact Bangladesh hosted a "Meet & Greet” event with over 40 business leaders to acknowledge and highlight the role of the private sector in achieving the Sustainable Development Goals (SDGs).  The event focused on “SDG 17: Partnerships for the

Image of jewellers restored as PM grants timely gold policy: BAJUS

Prime Minister Sheikh Hasina has restored status of the jewellers by a modern gold policy which was time of the day. Leaders of Bangladesh Jewellers’ Association (BAJUS) made the statements during a view exchange meeting with Kurigram district unit on Thursday. BAJUS former

Pound rises as Liz Truss announces resignation

The pound rose against the dollar and government borrowing costs dipped as the markets reacted to Prime Minister Liz Truss's resignation. Sterling hit $1.13 as the Ms Truss made her announcement and rose higher in the afternoon before falling back to $1.12. One analyst said

BAJUS urges govt to resolve VAT hurdles in jewellery sector

Bangladesh Jeweller's Association (BAJUS) has sought the intervention of Finance Minister AHM Mustafa Kamal to resolve the complexities related to value-added tax (VAT) in the promising jewellery industry. Former BAJUS President Dilip Kumar Roy made the plea while addressing a

Govt to procure 38.6 lakh tons refined fuel oil, 16 lakh tons crude oil

The government today (Oct 19) approved separate proposals in principle to procure some 38.60 lakh metric tons of refined fuel oil and some 16 lakh metric tons of crude oil to meet the growing demand. The approvals came from the 23rd meeting of the Cabinet Committee on Economic Affairs

BAJUS stresses VAT in trading gold ornaments

Bangladesh Jeweller's Association (BAJUS) has instructed gold traders to sell products adhering to VAT. Dr Dilip Kumar Roy, former President of BAJUS and Chairman of organisation’s Standing Committee on District Monitoring, made the instruction on Friday (Oct 14). He was

Bashundhara Oil and Gas Company Ltd secures Tk 900cr syndicated loan

Dhaka Bank Limited has arranged Tk 9,000 million for Bashundhara Oil and Gas Company Limited (BOGCL) as the lead arranger for supporting the production of bitumen, a major element for infrastructure development. The private lender made the announcement of the syndicated term facility

Missing boy didn't return home even after 21 days 

An eleven-year-old boy has not returned home even after 21 days of his missing in Domar of Nilphamari.  The identity of the boy is Surjo Islam, a student of standard V, and the son of Noor Jamal and Asha Begum. Since the child has not returned home, the family members including

Walton manufactures world’s first fire extinguisher integrated TV

As a part of its continuous efforts for introducing innovative products with advanced technologies and features, Bangladesh's leading electronics brand Walton has invented and manufactured the world’s first extinguisher-integrated television.  German Ambassador in

IMF warns 'worst is yet to come' for world economy

The International Monetary Fund (IMF) said Tuesday that the world economy was headed for "stormy waters" as it downgraded its global growth projections for next year and warned of a harsh worldwide recession if policymakers mishandled the fight against inflation. The grim

Tourists start to pour in after Japan lifts Covid-19 restrictions

Japan reopened its doors to tourists Tuesday after two-and-a-half years of tough Covid-19 restrictions, with officials hoping an influx of travellers enticed by a weak yen will boost the economy. By mid-morning, tourists from Israel, France and Britain were already pouring in.

Shitalakhya Bridge to enhance connectivity, economic growth in Bangladesh

Opening of the Shitalakhya Bridge will greatly help to improve the country’s road transport network by facilitating the transport of goods, alleviating traffic jams, and spurring the economic growth of rural areas by linking them to main roads. Financed by the Saudi Fund for

3 US-based economists given Nobel Prize for work on banks

This year’s Nobel Prize in economic sciences has been awarded to three U.S.-based economists “for research on banks and financial crises.” The award to Ben S. Bernanke, Douglas W. Diamond and Philip H. Dybvig was announced Monday by the Nobel panel at the Royal

Trade resumes through Banglabandha land port after 10 days

Trade though through the Banglabandha land port in Panchagarh district resumed on Monday (Oct 10) after remaining suspended for 10 days marking Durga Puja and Eid-e-Miladunnabi. Banglabandha Importers-Exporters Group general secretary Khudrat-e-Khuda Milon confirmed the matter to

Import-export activities through Hili Land Port resume

Import and export activities resumed today (Oct 08) through Hili Land Port (HLP) in Hakimpur upazila of Dinajpur after an eight-day vacation on the occasion of the Durga Puja.   General Secretary of the Customs, Clearing and Forwarding Agents Association of HLP Jamil Hossain

Pink diamond sells for $49.9m, breaks auction record

An 11.15-carat pink diamond has been sold for $49.9m in Hong Kong, setting a world record for the highest price per carat for a diamond sold at auction. Auctioned on Friday by Sotheby’s Hong Kong, the Williamson Pink Star diamond was originally estimated at $21m. The gem draws

US jobs growth slows as policymakers fight inflation

Jobs growth in the US has slowed for a second month, in a sign that the labour market in the world's largest economy may be starting to cool. US employers added 263,000 new jobs in September, which is almost half the average number seen so far this year. Despite the slowdown,

Hilsa export: Bangladesh earns Tk 141cr this year

Bangladesh has earned 1,36,20,000 US dollars (Tk 141.64cr) from exporting 1,352 tonnes of hilsa fish to India this year so far. Besides, hilsa production has doubled in last 12 years and the rate of production is now 90 percent. Fisheries and Livestock Minister SM Rezaul Karim