Trade

Government to form jute council: Nanak

Government to form jute council: Nanak

Textiles and Jute Minister Jahangir Kabir Nanak on Wednesday said the government will form a jute council for the development of the jute industries and the jute sector. "Jute council will play an important role in the development of jute industries and the jute sector," he said while speaking

Bajus cuts gold price by Tk 2,139 per bhori

Bajus cuts gold price by Tk 2,139 per bhori

The Bangladesh Jewellers' Association (Bajus) has announced to reduce the price of gold again by Taka 2,139 per bhori (11.664 grams) after the price of the precious metal dropped in the local market. The new rate is effective from 4:50pm on Wednesday, reports BSS.  According to the new prici

Tax-break end may threaten tech startup survival

Tax-break end may threaten tech startup survival

The country’s tech-startup entrepreneurs have expressed concern over their sustainability if their tax break ends on June 30, 2024. They said the government’s vision to build Smart Bangladesh might be affected if the software and technological sector faces any blow. As per income tax


How Volvo landed a cheap Chinese EV on US shores in a trade war

How Volvo landed a cheap Chinese EV on US shores in a trade war

A made-in-China electric vehicle will hit US dealers this summer offering power and efficiency similar to the Tesla Model Y, the world’s best-selling EV, but for about $8,000 less. The EX30 from Volvo Cars (VOLCARb.ST), the Swedish luxury brand owned by China’s Geely (GEELY.UL), foresh

Mohammad Abu Jafar joins Premier Bank as MD and CEO

Mohammad Abu Jafar joins Premier Bank as MD and CEO

Mohammad Abu Jafar has joined as Managing Director and CEO of The Premier Bank PLC with effect from Wednesday. Mr Mohammad Abu Jafar is a veteran banker with 34 years of professional experience in the banking industry in diverse capacities for business development spanning mainly over Ready Made G

Textile millers call for reverting gas tariff to pre-hike level

Textile millers call for reverting gas tariff to pre-hike level

Primary textile millers urged the government on Tuesday to revert the gas tariff to its pre-hike level, saying the sector is facing a severe gas shortage despite the price hike. They said the government increased the gas price in January last year promising uninterrupted supply of the energy. The

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