Thursday, 27 Feb, 2025

Business

Toggi Services to support implementation of Smart Bangladesh: Safwan Sobhan

Toggi Services Limited (TSL) has stepped into the fifth year of operations with a fresh vow to support implementation of ‘Smart Bangladesh’ envisioned by Prime Minister Sheikh Hasina. Safwan Sobhan, Vice Chairman of Bashundhara Group and Managing Director of TSL was

Economic zones make Bangladesh preferable investment destination

FBCCI President Md. Jashim Uddin has called for branding Bangladesh as the most favorable investment destination in this region by attracting local and global investment in the country's economic zones. He made this call during a courtesy meeting with the President of Bangladesh

Sundarbans reopens for tourists 

Bangladesh Forest Department has reopened the Sundarbans, the world’s largest mangrove forest and a Unesco World Heritage Site, for tourists from today (Sep 1), after the three-month entry ban imposed due to the breeding season of wild animals. Both the local and foreign tourists

BB instructs to sell extra foreign currencies by 30 Sep

Bangladesh Bank (BB) has instructed that people of Bangladesh can keep maximum of foreign currency $10,000 for a month. A notification regarding this has been issued by the central bank on Wednesday (Aug 31). According to it, a resident Bangladeshi can’t keep more than $10,000

Govt to import 1.6 lakh tones fertilisers from Dubai, Saudi Arabia

The government has decided to import 1,60,000 tones of MOP and Urea fertilisers from Duabi and Saudi Arabia. Cabinet Committee on Government Purchase at a meeting approved some proposals on Wednesday.  Finance Minister AHM Mustafa Kamal presided over the meeting. As per a

Govt to import 3.3 lakh tones rice from India, Vietnam

The government has decided to import 330,000 mt of rice from India and Vietnam. Cabinet Committee on Government Purchase at a meeting approved some proposals on Wednesday.  Finance Minister AHM Mustafa Kamal presided over the meeting.  the Food Ministry will import

Govt to import 5 lakh tones wheat from Russia

The government has decided to import 500,000 tones of wheat from Russia. Cabinet Committee on Government Purchase at a meeting approved some proposals on Wednesday.  Finance Minister AHM Mustafa Kamal presided over the meeting.  As per the proposals placed by the food

Russia shuts major gas pipeline to Europe again 

Russia has completely halted gas supplies to Europe via a major pipeline, saying repairs are needed. The Russian state-owned energy giant, Gazprom, said the restrictions on the Nord Stream 1 pipeline would last for the next three days. Russia has already significantly reduced gas

Bashundhara Group gets int’l recognition for CSR excellence

Bashundhara Group has been recognised as the best conglomerate by an international magazine for its excellence in corporate social responsibilities (CSR). UK-based finance and business magazine ‘The Global Economics' published the list featuring Bashundhara Group as the

Legal action for charging extra: Commerce minister

Commerce minister Tipu Munshi today (Aug 30) warned that legal action will be taken against anyone found charging more than the fixed price.  He also said that government will soon fix the prices of nine essential commodities, to ease public sufferings.  Tipu Munshi made

BAJUS keen to work with BB, NBR against gold smuggling & money laundering

Bangladesh Jewelers’ Association (BAJUS) has expressed interest to work with Bangladesh Bank (BB) and National Board of Revenue (NBR) to prevent gold smuggling and money laundering for the betterment of the country’s economic sectors and gold industry at large. “The

Govt cut fuel prices by Tk 5 per litre

The government has decided to cut the prices of fuel including diesel, octane, petrol and kerosene by Tk 5 per litre.  State Minister for Power, Energy, and Mineral Resources Nasrul Hamid confirmed the matter on Monday (Aug 29) night.  He said the notification will be

Petrol pump owners postpone strike till Sep 12 

Bangladesh Petroleum Dealers, Distributors, Agents and Petrol Pump Owners' Association have postponed their strike till September 12. Nazmul Haque, president of the association, came up with the announcement after a meeting with Bangladesh Petroleum Corporation (BPC) in the capital

Asia stock markets slide on US interest rate fears

Shares in Asia have fallen after the chairman of the US central bank said it would continue to raise interest rates to tackle soaring prices. Jerome Powell warned that the Federal Reserve's policies will cause "some pain to households and businesses". Higher interest

Sundarbans to reopen for tourists on Sept 1

The Forest Department will reopen the Sundarbans, the world's largest mangrove forest and a Unesco world heritage site, for tourists on September 1 after nearly three months of closure.   The Sundarbans will be opened for domestic and foreign tourists, side by side for

Jerome Powell: US stock markets down after interest rate warning

Stock markets in the US ended the week sharply down following tough comments by the head of the country's central bank, the Federal Reserve. The bank's chairman, Jerome Powell, said the bank must continue to raise interest rates to stop inflation from becoming a permanent

No bar in importing food grains from Russia, Ukraine: Commerce minister

Commerce Minister Tipu Munshi today said that there is no bar in importing food grains from Russia and Ukraine as the country can import food grains from these two countries in dollars with support from 24 banks of the world.   The Commerce Minister said this after emerging from a

Tech One Global to give document management solution for EWPD

East West Property Development Limited (EWPD), a real estate unit of the country's leading business conglomerates Bashundhara Group has signed an agreement with Tech One Global Limited to get technical support for the storage and management of important documents. EWPD Senior

BAJUS keen to work with BFIU to stop gold smuggling

Bangladesh Jeweller's Association (BAJUS) wants to work with Bangladesh Financial Intelligence Unit (BFIU) to stop gold smuggling. BAJUS sent a letter to BFIU chief Md Masud Biswas in this regard on August 2. The letter, signed by Bangladesh Jeweller's Association (BAJUS)

BB summons 28 money exchange companies’ details

Bangladesh Bank (BB) summoned the bank accounts of 28 money exchange companies on Tuesday (August 23). Bangladesh Financial Intelligence Unit (BFIU) asked these institutions to submit their bank details, Central bank sources said. The list of the companies are Nivedita Money