Finance & Trade

Global Markets Fall: Gold Price Hits Lowest Level

Gold prices hit their lowest level in two weeks on the global market. Gold prices fell about 2 percent to $3,222.66 per ounce on Thursday (May 1), the lowest since April 15.

Demand for minimum wage of workers to be set at Tk 30,000!

The Bangladesh Trade Union Center (TUC) has demanded a national minimum wage of Tk 30,000 for workers, ensuring free trade union rights and implementing the recommendations of the Labor Reform Commission.

bangladesh on World Bank's red list: Position unchanged for two years

According to a recent report by the World Bank, Bangladesh's name has once again appeared on the red list of countries at high risk of food inflation. Bangladesh has been in this red category for almost two years. The recently released World Bank's updated data highlights the food security situation of various countries around the world, where the organization publishes this analysis every six months.

21 districts blackout for two and a half hours, what is known?

21 districts in the southwestern region suddenly lost power on Saturday (April 26) afternoon. The power distribution authority has confirmed that this disaster occurred due to a technical fault in the power grid of Khulna. Power supply was cut off in these districts for about two and a half hours.

National Bank receives recognition as the top remittance bank recipient

National Bank Limited has recently received the “Top Remittance Bank Recipient 2024” recognition at the Bangladesh Remittance Fair 2024 held in the United States. It received this award as the second highest recipient of expatriate income from the United States to Bangladesh.

নভেম্বরের ২৩ দিনে ২০ হাজার ৭১৬ কোটি টাকার রেমিট্যান্স

In the first 23 days of the current November, Bangladesh received 1,726.3 million US dollars in remittances through legal channels, which is equivalent to Tk 20,716 crore in the country's currency (Tk 120 per dollar). At this rate, an average of 75 million dollars in remittances were received daily.

Despite the relief in winter vegetables, the price of onion and potato is not decreasing

The prices of onions and potatoes are not within the reach of common people. However, the National Board of Revenue (NBR) has already exempted customs duty and regulatory duty on imported onions and reduced the import duty on potatoes to 15 percent as well as 3 percent regulatory duty. However, these two essential products are being sold at high prices in the retail market. However, due to the increase in the supply of various winter vegetables in the market, the prices of vegetables have decreased slightly.

The bank accounts of Shakib Al Hasan and his wife have been seized

The bank accounts of former Member of Parliament and star cricketer Shakib Al Hasan and his wife Umm Ahmed Shishir of Magura-1 constituency have been seized.

Exchange meeting related to import-exporter and transport business of Benapole land port

Tuesday 5th November (2024) at 11 am at Benapole Municipal Community Center (Biye Bari) under the chairmanship of Deputy Commissioner and learned District Magistrate Md Azaharul Islam and organized by Upazila Administration, Sharsha and Benapole Municipalities and National Directorate of Consumer Rights Protection, District Office, Jessore. The exchange meeting was held.

Income Tax Service, Tax Information Service Month begins

The Tax Information Service Month is starting from Sunday (November 3) to provide all types of services to taxpayers in a fair environment including income tax return filing. Tax service will be available uninterruptedly during office hours in 650 circles of 41 tax zones of the country including Dhaka and Chittagong throughout the month of November.

2 lakh 31 thousand eggs were stuck in Benapole land port

A truck carrying 231,000 chicken eggs is stuck at Benapole land port. The shipment of this perishable product is now lying at the port due to lack of quarantine certificate for three disease tests.

Another shipment of 5 percent duty has arrived at Benapole port

Imported eggs from India at Benapole land port at 5 percent duty at Benapole port. Egg imports are now being taxed at 5 percent instead of 25 percent. The importers said that the price of eggs will decrease. They will get this tariff benefit till December 15.

Ifad Autos started its first bus export operation from the country

Ifad Autos Plc, a listed automobile company, has started exporting buses for the first time. This export process started this week. An initial consignment of 11 AC buses is being exported to Bhutan. The body of the AC buses is prepared at Ifad Autos own manufacturing plant. The company has given this information about the bus export in a press release on Saturday.

Container transport stopped due to labor strike at Chittagong port

The workers started the strike on Monday (October 21). Due to this strike by Primeover workers who transport containers, the bringing and taking of containers at Chittagong port has been stopped for the second day.

Egg hatching strike, fear of finding

Consumers are not getting eggs at the fixed maximum retail price. But selling at 'higher price' is punishable. Amidst the increase in the price of eggs, this time in Dhaka and Chittagong, the sale of eggs in wholesale has been stopped, which has created a crisis in retail as well.

5 lakh 32 thousand kg of hilsa exported to India on the occasion of Durga Puja

Benapole land port has exported 5 lakh 32 thousand kg of hilsa to India in 11 days under special arrangements on the occasion of autumn Durga Puja this year. The hilsa was sent until 10 pm on Saturday (October 12). Benapole Checkpost Cargo Branch Revenue Officer Masudur Rahman has confirmed this information.

High price of eggs in Madaripur: Consumer rights in campaign, fine

The Assistant Commissioner and Executive Magistrate and Directorate of Consumer Rights Protection have fined four wholesale traders Tk 20,000 after raiding the Madaripur wholesale market to curb the abnormally high egg prices.

12,000 taka fine for supervision of commerce ministry in raw market

Two teams of the Ministry of Commerce conduct market surveillance to keep prices of essential commodities stable and control market conditions. At this time, the supervisory team fined some companies 12 thousand 500 taka.

Sonahat land port will be closed for 6 days on the occasion of autumn Durga Puja

Authorities have announced the closure of Bhurungamari Sonahat land port bordering Kurigram for six days. This holiday is declared on the occasion of Sharadiya Durga festival.

The bank accounts of 11 members of the family, including the Chairman of the Summit Group, were seized

The bank accounts of Summit Group Chairman Aziz Khan and 11 members of his family have been seized. The family members whose bank accounts have been suspended are — Mohammad Aziz Khan, Mohammad Faisal Karim Khan, Anjuman Aziz Khan, Ayesha Aziz Khan, Adiba Aziz Khan, Zafar Uddin Khan, Mohammad Latif Uddin Khan, Mohammad Farid Uddin Khan, Salman Khan, Colonel (Retd. ) Farooq Khan.

Lead certification journey of Anwar Cement Sheet

Anwar Group is establishing a new paradigm of environmental sustainability by starting the 'Leadership in Energy and Environmental Design' or LEAD certification process at its cement sheet factory in Ghazaria, Munshiganj, the oldest industrial group in the country.

Additional liquidity deposits in the banking sector are one lakh 90 thousand crores

According to the data of Bangladesh Bank, at the end of August this year, 46 public and private banks of the country have excess liquidity, amounting to one lakh 90 thousand 307 crore taka.

Heat in Benapole egg market, no one to watch

Sharsha Upazila Benapole of Jessore is once again a volatile egg market. On the pretext of supply shortage, the price of the daily essential food product is being increased step by step. Small farmers, corporate institutions and big traders are blaming each other as the reason for the price increase. Although the government fixed the price to control the price, the market is not matching the price of eggs.

277 metric tons of hilsa went to India in five days through Benapole land port

277 metric tons of 300 kg of hilsa went to India in the last five days through Benapole land port. This fish has been exported in 91 trucks. Among them, 54 tons 460 kg in 20 trucks last Thursday, 45 metric tons 200 kg in 15 trucks on Saturday, 19 metric tons in 6 trucks on Sunday, 89 metric tons in 30 trucks on Monday and 69 metric tons 640 kg in 23 trucks were exported to India. The export price of hilsa per kg is 10 dollars, which is 1 thousand 180 taka in Bangladesh.

Today, on the occasion of Mahatma Gandhi's birth anniversary in India, import and export are closed

Import and export trade between the two countries will be closed through the Benapole-Petrapole port today, Wednesday, October 2, due to a public holiday in India on the occasion of the 155th birth anniversary of Mahatma Gandhi. However, the clearance process will continue along with the unloading of goods at the Benapole Customs House and port. Along with this, passenger traffic will also be normal.

Import and export will be closed in Benapole for four consecutive days during Durga Puja

The country's largest land port, Benapole, is falling into the trap of a four-day holiday on the occasion of the autumn Durga Puja of orthodox religions in India. During this time, the country's import-export trade with the Petrapol port of India will be closed. Due to Puja holidays many industries may face shortage of raw materials. However, goods clearance at Benapole Custom House and port and passport passenger movement between India and Bangladesh will remain normal during this holiday.

The price of vegetables has increased due to continuous rain

It has been raining continuously for several days in Benapole of Jessore. Due to rain in various places, the supply of vegetables has reduced in Benapole market. As a result, a slight upward trend has been observed in prices. Except for one or two vegetables, the prices of almost all vegetables have increased by Tk 20-40 per kg.

4 containers of fragrant rice were stuck before export to Singapore-Saudi

On Thursday (September 26), a private depot was raided and four containers kept for export were seized by the officers of the Customs Intelligence and Investigation Department. Physical examination found 42 tons of perfume oil in these containers. which were stored for export to Saudi Arabia and Singapore.

First shipment of 8 tons of hilsa went to India through Benapole port.

Bangladesh government has allowed the export of 3 thousand metric tons of hilsa on the occasion of autumn Durga Puja. The first shipment of 8 metric tons of hilsa entered India in two trucks through Benapole port today, Thursday, September 26 at noon. This year, 49 companies in the country have received approval to export 3 thousand metric tons of hilsa. It is said that the export of hilsa must be completed before October 13. 10 US dollars per kg which is being exported at the price of 1180 taka in Bangladeshi taka.

Presence of harmful heavy metals in red vegetables and some vegetables, pesticides in fruits

Experts say that harmful heavy metals are found in vegetables such as red cabbage and beans, cucumbers, radishes and potatoes. Not only vegetables, but also mango, litchi and other fruits have been found to contain pesticides. As a result, people's health problems are gradually increasing.

Egg-chicken price determination is on paper, there is no application in the market

On Friday (September 20) morning, after visiting the market in Badda-Rampura area of the capital and talking to the buyers and sellers, it is known-

3 thousand metric tons of hilsa is going to India during Durga Puja

It is known from an order issued by the Ministry of Commerce on Saturday (September 21). The government has approved the export of 3 thousand metric tons of hilsa to India on the occasion of upcoming Durga Puja. Export applicants are advised to contact the relevant department of the Ministry of Commerce.

The World Bank can give 200 million dollars to Bangladesh

After a meeting with the Finance and Trade Advisor of the Interim Government Salehuddin Ahmed at the Secretariat on Thursday, the World Bank may give a total of 2 billion or 200 million dollars to Bangladesh including budget support in the current financial year. There is also the possibility that ongoing project funds may be diverted to different sectors. It can increase the amount of money.

Ship movement started on Chittagong-China route

A container ship from China arrived at Chittagong sea port without stopping. This is the first ship on Chittagong-China direct route.

Import-export is closed at Benapole port on the occasion of Vishwakarma Puja

On the occasion of Vishwakarma Puja, the import and export activities between India and Bangladesh will be closed at the Benapole-Petrapole Port of Jessore on Tuesday. However, it will be normal for passengers with passports to cross between the two countries.

Import-export is closed in Benapole during Eid Miladunnabi holiday

On the occasion of the Holy Eid Miladunnabi (PBUH), all import and export operations between the two countries, including port and customs, are closed from the morning of Monday (September 16) through the country's largest land port, Benapole-Petrapole. However, passport passenger travel between the two countries is normal as any other day.

10 Largest Profitable Oil Fields in the World

Venezuela has the largest oil reserves in the world. It is followed by Saudi Arabia, Canada and Iran. However, the United States produces the most crude oil daily. Saudi Arabia is the biggest exporter of oil. Russia is also a major oil producer and one of the top exporters.

Information from intelligence agencies Hundreds of crores worth of drugs seized in unannounced Benapole

Benapole customs customs detectives seized homeo medicine worth hundreds of millions of rupees imported at Benapole port on false declaration. Based on data from National Security Intelligence Agency NSI. The consignment was seized last Thursday (September 12). whose Bill of Entry No.-68703, dated 18/08/2024.

Stop selling dollars from the reserve!

After two and a half months, Bangladesh's foreign exchange reserves fell below 20 billion or 2 billion dollars. Bangladesh Bank has given this information on September 12. And various discussions and criticisms are going on about this.

The Economist reports India's garment industry will benefit from unrest in Bangladesh

In 1978, the first export-oriented garment factory was established in Bangladesh. After that, this garment industry has become the focal point of the country's economy. 10 percent of the country's total GDP comes from the garment sector. Of this, Dhaka exported 54 billion dollars of clothing last year alone. Only China is above Bangladesh in terms of garment exports in the world.

E-return system and call center in tax services

Online return filing system has been opened for taxpayers. Also, a call center has been set up at the National Board of Revenue (NBR) to assist taxpayers with any issues related to e-returns.

6 point demand including reinstatement of dismissed officers of Sonali Life

He made this demand on Wednesday (July 10) at the company's head office in the capital's Malibagh for the second day. The agitating officers issued a memorandum calling for the implementation of the demands. The memorandum strongly protested the various steps taken by the administration in the last 2 months.

Awami League government has overprinted 60 thousand crore taka

Finance and Trade Advisor Salehuddin Ahmed. He said, you know why inflation increased. 60,000 crores have been paid over the money. They have effects. It will take more time to reduce them.

A truckload of eggs arrived from India

Two lakh 31 thousand 40 pieces of eggs were imported from India through Benapole land port. Egg truck entered Benapole port via Petrapol port in India on Sunday 8th September evening. It was released from the port later that night. Bangladeshi importers of these imported eggs are Ratul International and Indian exporters Shri Laxmi Narayan Bhandar.

S Alam Group has taken more than half of Islami Bank's money: Chairman

The newly appointed chairman of Islami Bank, Obaid Ullah Al Masood, said that more than half of the money that the bank distributed as loans was taken by S Alam Group, the business group controlling Islami Bank for seven years. He said, the full account of these loans is being taken out now. Assets mortgaged against S Alam's loans are also being revalued. Because, the loan has been taken out by showing the high price of these assets.

After 47 days, import-export trade with India started by rail

After being closed for 47 consecutive days, import-export trade with India has resumed by rail through Benapole land port. In view of the talks between the high-level officials of the two countries, the import-export trade was officially resumed on Wednesday (September 4).

The central bank is giving special opportunity to the flood victims to repay their loans

The central bank has given special facility to the flood affected farmers and CMSME entrepreneurs to repay the loan installments. August installments of short-term agriculture and CMSME sector term loans in these areas can be repaid after three months.

Finance advisers call for USA to invest in agriculture, energy, climate

Finance Adviser urged the investors of the United States (USA) to invest more in the country's agriculture, energy, climate sector and other sectors. Dr. Salehuddin Ahmed.

Bangladesh Bank transferred 85 officials together

Bangladesh Bank has transferred 22 Additional Director (Former Deputy General Manager) level officers who have been in charge of the same department for more than three years. At the same time, the offices of 63 other joint directors have been changed. Altogether 85 officers have been transferred together.

Bank accounts of Shamim Osman and Salim Osman families were seized

Narayanganj Awami League leader and former member of parliament Shamim Osman and his brother BKMEA president and former member of parliament Salim Osman family members' bank accounts have been seized. At the same time, the bank account information of the businesses owned by them and their family members has been requested.

Offer to China to reduce interest rates and extend repayment period

The financial adviser has proposed to reduce the interest rate of high interest loans to China and extend the grace period or time for debt repayment. Salehuddin Ahmed.

Demand for confiscation of assets of money looters including Salman F Rahman

The small investors of the affected stock market have demanded 10 points including confiscating all their properties and spending them on the welfare of the investors, including Salman F Rahman, who looted the money of the investors in the stock market.

Meeting with Home Advisor - FBCCI wants to stop extortion, security in factories

FBCCI President Mahbubul Alam paid a courtesy call on the new Home Affairs Advisor to the Interim Government, Lt. Gen. (retd.) Jahangir Alam Chowdhury.

"When one group left, another group came and again demanded subscription"

When one group left, another group came and demanded the contribution again, commented the adviser on finance and trade of the interim government. Salehuddin Ahmed.

Finance Advisor Salehuddin Ahmed commented that we are quite vigilant about business and trade including imports.

He said this in response to a question from the journalists of the Ministry of Finance at the Secretariat on Sunday (August 18). When asked if there was any talk about increasing the reserve, he said, the governor is there to talk about the reserve. We didn't go too deep. They and IMF will talk to Bangladesh Bank. We will work in coordination with the Ministry of Finance and Commerce.

Demand to ensure full autonomy to central bank

Bangladesh Bank Officers Welfare Council has demanded to ensure full autonomy to strengthen the central bank. This demand was made in a memorandum given to the Finance Adviser of the Interim Government.

Abdur Rahman is the new chairman of NBR

The secretary of the financial institution department of the Ministry of Finance has been appointed as the chairman of the Internal Resources Department and the National Revenue Board. Abdur Rahman Khan. Apart from this, the government has appointed new secretaries in the Public Security Department and the Ministry of Agriculture.

Dr. Foreign buyers regained confidence due to Yunus: BGMEA

Nobel Peace Prize winning economist Dr. Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said that since Muhammad Yunus took charge as Chief Advisor to the Interim Government of Bangladesh, an excellent relationship of trust has been created among foreign buyers.

50 thousand crores of Islami Bank is in S Alam's pocket

It is said here that Islami Bank Bangladesh Plc was the top bank of the country even ten years ago. This bank outperformed all other banks in compliance, customer service and financial indicators.

All the bank accounts of Palak and his wife's business were seized

The Bangladesh Financial Intelligence Unit (BFIU) has ordered the seizure of the bank accounts of former Minister of State for Posts, Telecommunications and Information Technology Junaid Ahmed Palak, his wife, family and businesses owned by them. At the same time, the organization has asked for all types of transaction information in their account within the next five working days.

Bank account of former MP Mohiuddin Maharaj was summoned in Pirojpur

Bangladesh Financial Intelligence Unit (BFIU) has summoned the bank accounts of Awami League leader Pirojpur-2 Constituency former Member of Parliament Mohiuddin Maharaj and his wife.

The challenge of controlling inflation. Yunus government

Sheikh Hasina's government fell on August 5 in the mass movement of students. Then Nobel laureate Dr. The journey of the interim government started on August 8 under the leadership of Muhammad Yunus.

Responsibility for four projects means four cars, it will not work: Salehuddin

Finance and planning advisor. Salehuddin Ahmed said that many project managers are in charge of four projects. That means he has four cars due to four projects. From now on it won't work anymore.

The pace of remittances is increasing after the uprising

Remittances stopped coming to the country in the uprising. However, since the fall of the government, the speed of remittances coming into the country through legal channels has started to increase. In the first 10 days of August, expatriate Bangladeshis sent remittances of 482.7770 thousand US dollars in the country legally.

Fake product price list spread on Facebook : Consumer Rights

The National Directorate of Consumer Rights Protection has said that the list given by various social media including Facebook does not belong to the government.

Islami Bank's share price has increased to the maximum

Share price of Islami Bank increased by 9.81 percent in the first hour of trading on the Dhaka Stock Exchange on Wednesday. This trend continued till the end of the day.

the secret of the corruption of thousands of rupees came out!

Former state minister Junaid Ahmed Palak has stolen hundreds of crores of rupees from the budget with one project in the name of information technology development of the country. Within a day of his arrest from the airport, the secret of Sajeev Wazed Joy's Astha Bhajan corruption has started to come out. After becoming the state minister, his personal wealth increased manifold. There was no accountability in this sector. Transparency was also a problem. Because Palak did all the work by defaming the name of Sheikh Hasina's information technology advisor Sajib Wazed Joy who resigned from the post of Prime Minister. Because of his direct relationship with Joy, no one dared to speak. As a result, Palak has lost thousands of crores of taka in the last few years in the name of building digital Bangladesh and development of information technology sector.

Reserves fell to $1.3 billion in July

According to the International Monetary Fund-IMF accounting system, the country's foreign exchange reserves fell by $1.3 billion in July. At the end of the month, the reserves stood at 20.48 billion dollars.

Investors cannot transact on the mobile app DSE Chairman's order to keep the trading process smooth

The main stock market of the country, Dhaka Stock Exchange (DSE), was traded with a big increase in the price yesterday on Thursday. Along with the index, the transactions in this market also increased on this day. Another market Chittagong Stock Exchange (CSE) also has the same picture. But even yesterday the mobile app did not work. As a result investors could not transact using the mobile app.

The index rose 63 points, halting the fall as investors became active

The country's stock market came out of the downward trend today on Thursday due to the increase in the participation of institutional investors. Both valuations and transactions increased in limited-time transactions amid curfew relaxation. The price has stopped falling in the market. Trading in the stock market started on Wednesday after being closed for a few days due to the ongoing situation in the country. However, there was a big fall in the market.

How mangoes were protected in small freezers

The name is 'Mini Cold Storage'. Capacity 10 tons. Mango grower Shafiqul Islam of Baghar in Rajshahi kept 9 tons of mangoes in it. In this, unrest started in the country. Mango could not be sold. After 17 days, mangoes were taken out of the freezer last Wednesday and it was found that there was no spot on even one mango. That mango is now being sold at a good price.

Dealer inauguration of 'Dhalai Special Cement' was held in Rangpur

Recently Meghna Group of Industries (MGI) subsidiary Unique Cement Industries Ltd. (UCIL) brought in the country for the first time Dhalai Special Cement. Specially formulated and highly functional for roofs, beams and columns of any structure, this bent cement is a breakthrough in the construction materials sector of Bangladesh.

Nominee or heir, who will get the money of the deceased

The final settlement of several cases pending in the High Court regarding whether the nominee will receive the money deposited in the deceased's bank account or the heir has not been finalized for a long time. It has been alleged that many people are being harassed because of the contradiction between the High Court's verdict and Bangladesh Bank's notification.

The price of the dollar rose to 120 rupees

Banks are charging more than Tk 120 per dollar to settle import credit from traders. The bankers say that they bought the remittance for 119 rupees. Due to this, the importers have to charge 120 rupees per dollar. The head of treasury of several banks told the media this information.

Foreign debt is again the big hope to meet the budget deficit

The government's dependence on debt is increasing to meet the budget expenditure. The government is going to borrow budget of the next financial year.

26 ABB explained confusion over MD's US visit

Managing Directors (MDs) of 26 public and private banks of the country are on a visit to the US to attend two events. Association of Bankers Bangladesh Limited (ABB), the bank's managing directors' organization, has claimed that various misleading reports have been published in various media about their visit.

FBCCI demands declaration of public importance industry and tax reduction for newspapers

The Standing Committee on Press and Media of FBCCI has demanded to make the tax imposed on all media including newspapers, television, online and to declare the newspaper industry as an industry of public importance.

Unbridled spice market on the pretext of rising dollar prices

Eid-ul-Azha or Eid of Sacrifice is coming. Naturally, the demand for spices is higher at this time than at any other time of the year. Meanwhile, the spice market is on the upswing. Especially the price of cardamom is increasing by leaps and bounds. The price of cardamom has almost doubled in a span of one and a half to two months. Apart from this, the prices of cumin, cinnamon, cloves, coriander, dry chillies and turmeric among other spices have also increased compared to last year.

Govt got Rs 14 crore from cash without investment: Palak

El gobierno ha recibido más de 140 millones de Tk en cuatro años del servicio financiero móvil Naqd simplemente permitiendo que se utilice la infraestructura sin realizar ningún tipo de inversión. De esto, los ingresos del gobierno ascienden a más de 5,5 millones de rupias sólo en el presente ejercicio financiero.

The price of gold in the country's market is the highest in history

Bangladesh Jewelers Association (BAJUS) has once again increased the price of gold in the country's market. This time, the price of the best quality gold or one load of 22 carats (11.664 grams) has been increased by Tk 984 and the new price has been fixed at Tk 1 lakh 19 thousand 544.