Friday, 28 Feb, 2025

Business

Bangladesh Jewellery Expo-2022 begins March 17

Bangladesh Jewellers Samity (BAJUS) is set to organise a three-day Jewellery Expo-2022 for the first time in the country to highlight the Jewellery industry at home and abroad. Bangladesh Jewellery Expo-2022 will be inaugurated at International Convention City Bashundhara (ICCB) in the

Cement price may exceed Tk 500 per bag as raw material cost goes up

The country’s cement production is hard hit by an increase in the prices of raw materials in the international market. Sources said the production cost of cement has hiked by Tk 50-60 per bag. The cement manufacturers are in a fix to adjust the prices. Wholesalers and retailers are

Russia may cut gas supplies if oil ban goes ahead

Russia has said it may close its main gas pipeline to Germany if the West goes ahead with a ban on Russian oil. Deputy Prime Minister Alexander Novak said a "rejection of Russian oil would lead to catastrophic consequences for the global market", causing prices to more than

Oil price soars to highest level since 2008

Oil prices have soared to the highest level since 2008 after the US said it was discussing a potential embargo on Russian supplies with its allies, reports BBC. Brent crude - the global oil benchmark - spiked to above $139 a barrel, before easing back to below $130. Energy markets

Three entrepreneurs receives BAJUS Women Award-2022

Bangladesh Jewellers Samity (BAJUS) has honoured three women entrepreneurs in recognition of their contribution to Jewellery Industry on Sunday, marking International Women’s Day 2022. For the first time, the organisation has given BAJUS Women Award-2022. Kazi Nazneen Islam

Visa, Mastercard halt Russian business over Ukraine invasion

Card payment giants Visa and Mastercard announced Saturday they will suspend operations in Russia, the latest major US firms to join the business freeze-out of Moscow over its invasion of Ukraine. "Noting the unprecedented nature of the current conflict and the uncertain economic

Qatar’s Nebras Power buys 24pc share of Unique Meghnaghat Power

Qatar-based Nebras Power Investment Management (NPIM) has acquired 24 percent share of Unique Meghnaghat Power Limited, a private power plant in Bangladesh. The NPIM bought the shares from Unique Hotels and Resorts Limited (UHRL) and Strategic Finance Limited (SFL), says a report

Joint study on India-Bangladesh trade pact to be finalised soon

India and Bangladesh will soon finalise a joint study on the prospects of entering into a bilateral free trade agreement, which aims at further strengthening economic ties between the countries, the commerce ministry said on Saturday. The Commerce Secretary level meeting between India

Singapore imposes sanctions on 4 Russian banks, bans export of goods 

Banks and other financial institutions here will be banned from doing business with four Russian banks, as part of sanctions the Republic is imposing to hit the Russian economy for the invasion of Ukraine. The sanctions will also involve a ban on the export of certain goods to Russia,

Gold price rises by Tk 3,265 per bhori

Bangladesh Jewellers' Association (BAJUS) has increased the price of gold in the domestic market by Tk 3,265 per bhori. The price of 22 carat gold increased by Tk 3,265 to Tk 78,265 per bhori (11.664 grams) while 21 carat gold increased by Tk 3,091 to Tk 74,766 and 18 carat gold

BAJUS leaders hail its president's pledge to revive past glory of gold business 

Leaders of Bangladesh Jewellers Samity (BAJUS) have hailed the firm determination of the organisation’s President and Bashundhara Group Managing Director Sayem Sobhan Anvir to revive the lost heritage of the gold business. They were addressing Khulna Divisional

Oil tops $110 as Russia struggles to maintain energy sales

Benchmark global oil prices surged above $110 a barrel, hitting a multiyear high, as concern mounted that Russia’s growing economic isolation since its invasion of Ukraine would disrupt global energy supplies.  The latest run-up came even after members of the International

Australia assures Bangladesh of continuing duty free market access

Australia has officially assured that it would continue duty-free and quota-free access to Bangladesh exports even after graduation out of LDC in 2026. The commitment came at the meeting of the first joint working group on trade and investment held on 22 February 2022 at Canberra.

Bashundhara Group greets Dhaka Bank’s new MD and CEO

Bashundhara Group, the largest business conglomerate of the country, has greeted newly-appointed Dhaka Bank Limited Managing Director and Chief Executive Officer Emranul Huq. Emranul Huq took over as Managing Director and Chief Executive Officer of the Dhaka Bank Limited on February

Ukraine conflict: Russia doubles interest rate after rouble slumps

Russia has more than doubled its key interest rate after the rouble slumped by 30% against the US dollar. Bank of Russia said it raised the rate to 20% from 9.5% to help cushion the impact on prices of the rouble's slide. It came as the UK, along with the US and EU, cut off

BAJUS to be country's top business organisation

Bangladesh will be a model in the world jewellery industry under the leadership of Bangladesh Jewellers Samity (BAJUS) President Sayem Sobhan Anvir, speakers at a programme in Rajshahi said. Like BGMEA, BAJUS will be the top business organisation in the country, they hoped. 

Western nations agree to disconnect Russian banks from SWIFT

The United Kingdom, Germany, Italy, Canada, the United States, France and the European Commission agreed to impose new "tough financial sanctions" on Russia, including disconnecting some of its banks from the SWIFT system, German government spokesman Steffen Hebenstreit told

Jewellery industry to regain lost glory under Sayem Sobhan Anvir’s leadership

Speakers at a programme in Rangpur on Friday said the jewellery industry will regain its lost glory under the leadership of Bangladesh Jewellers Samity (BAJUS) President Sayem Sobhan Anvir. They made the remarks while addressing the Rangpur Divisional Representatives’

BAJUS seeks VAT cut on jewellery products

Jewellery businessmen have proposed to cut the value-added tax (VAT) on retail sales of gold to 2 percent, saying that slashing the VAT rate will help increase the government’s revenue collection from the booming sector. At present, the jewellers have to pay 5 percent VAT on

Oil soars past $100 after Russia orders troops into Ukraine

Oil prices have surged past $100 (£74) a barrel after Russian President Vladimir Putin launched a "special military operation" in the eastern Donbas region of Ukraine. These are the highest levels seen by the international benchmark Brent crude futures in more than