Business Views & Comments

Shohoz fined Tk 2 lakh after DU student’s complaint over irregularities in ticket sale

Staff Reporter The Directorate of National Consumer Rights Protection (DNCRP) has fined Shohoz.com, an online ticketing platform of the country, Tk 2 lakh after finding evidence of its mismanagement in selling tickets of Bangladesh Railways. The DNCRP organized a hearing on Wednesday after receiving a complaint form Mohiuddin Rony, a 4th year student of Dhaka University’s Theatre and Performance Studies ...

Rice import through Benapole land port resumes after 10 months

Staff Reporter Rice import through Benapole land port has resumed after 10 months. A consignment of 512 tons of rice entered the port Sunday afternoon, which was released from the port Monday morning. M/S Belal Hossain and M/S Lipu Enterprise are importing rice at the rate of USD 340 per ton. Benapole customs authority has fixed import duty on fine rice ...

Gold price drops by Tk 1,166 per bhori

Staff Reporter The country’s jewellers authority has lowered the price of gold by Tk 1,166.4 to Tk 77,216 per bhori (11.664 grams) in the domestic market. Following fall in gold price in the international market, Bangladesh Jeweller’s Association (BAJUS) issued a press release announcing the new price on Sunday. The new price came at a meeting of BAJUS Standing Committee ...

Bill Gates vows to drop off world’s rich list

International Desk Billionaire Bill Gates has pledged again to give his wealth away, adding that he will eventually “drop off” the world’s rich list. It came as the Microsoft co-founder announced he would make a $20bn (£17bn) donation to his philanthropic fund. The world’s fourth richest man said he had an “obligation” to return his resources to society. Mr Gates ...

Eid-ul-Azha: Many large cows remain unsold

Country Today Desk Many large-sized sacrificial animals remained unsold due to low demand in the market this year, frustrating cattle farmers across the country. Several affected farmers told the Daily Sun that they were having a hard time as they could not sell their sacrificial animals due to low demand in the cattle market. Shah Emran, general secretary of the ...

Elon Musk pulls out of $44bn deal to buy Twitter

International Desk Elon Musk is seeking to end his $44bn (£36bn) bid to buy Twitter, alleging multiple breaches of the agreement. The announcement is the latest twist in a long-running saga after the world’s richest person decided to buy Twitter in April, reports BBC. Mr Musk said he had backed out because Twitter failed to provide enough information on the ...

India tightens flour exports after global wheat shortage

Business Desk India will impose restrictions on the export of flour in a fresh move to insulate domestic markets from a global wheat crisis. Wheat grain exports were severely curtailed in May to shore up national food reserves following global shortages and surging prices triggered by Russia’s invasion of Ukraine. The Directorate General of Foreign Trade has said flour exporters ...

SHV Energy aims to be an LPG market leader in Bangladesh

Country Today Desk SHV Energy, a leading global distributor of off-grid energy such as LPG, is set to launch its Bangladesh operations in September this year. It aims to become one of top three distributors of bottled liquefied petroleum gas (LPG) in the country’s emerging market, said Massih Niazi, chief executive officer of SHV Energy Bangladesh, in an exclusive interview ...

FBCCI for uninterrupted power supply in industry

Staff Reporter FBCCI President Md. Jashim Uddin urged government to ensure uninterrupted power supply to industrial plants for undisrupted production. He made the call at the third meeting of the Standing Committee on Power, Energy and Utilities held at FBCCI on Wednesday. Suggesting rationing of electricity to deal with the recent electricity crisis, the Federation Chief said industry should get ...

Gold price drops by Tk 1,166 a bhori

Staff Reporter Bangladesh Jeweller’s Association (BAJUS) has lowered the price of gold by Tk 1,166 to Tk 78,382 per bhori (11.664 gram) as price of the precious metal has fallen on the global market. The prices of the gold have reduced in the domestic market in line with the global market, said a press release of BAJUS on Wednesday. The ...