Business Views & Comments

Bangladesh Bank revises post import financing policy

Staff Reporter Bangladesh Bank (BB) has revised its policy for Post Import Financing (PIF) to give clarification to banks as importers have faced complexities to get fund properly. According to the previous guidelines on PIF released in June last year, the central bank mentioned two sectors for banks to finance exporters, which were essential commodities and industrial raw materials. The ...

Gold price drops again in local market

Business Desk Gold price in the local market has dropped again due to a price fall in the international market. Jewellers have cut the prices of gold by Tk 1,166 per bhori for 22-carat following the international market, said Bangladesh Jewellers Samity (BAJUS) on Monday.The new price of a bhori of 22- carat or best quality gold has been fixed ...

Twitter shares rise on reports it will accept Musk takeover bid

Business DeskTwitter shares rose sharply Monday amid reports the company will soon accept Elon Musk’s takeover offer, a dramatic shift after the board originally organized a “poison pill” defense to ward off the billionaire entrepreneur’s hostile buyout bid. The deal, which media outlets including The Wall Street Journal reported could be announced later in the day, would put the Tesla ...

Customs hotline starts test operation for ASYCUDA related service

Business DeskThe National Board of Revenue (NBR) has started the test operation of a hotline to provide services related to ASYCUDA World Systems for customs. The hotline number is 16134. The traders will get this service from May 15, 2022, NBR director (public relations) Syed A Mumen confirmed to UNB on Saturday evening. The Automated System for Customs Data (ASYCUDA) ...

BGMEA, CNN willing to team up to promote Bangladesh RMG industry

Business Desk The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and US-based CNN International Commercial (CNNIC) are willing to work in partnership to promote Bangladesh’s RMG industry by showcasing its success stories in the international arena. The willingness was expressed during a meeting between BGMEA President Faruque Hassan and a team of CNNIC in the presence of Nasrul Hamid, MP, ...

Evaly CEO Rassel gets bail in 9 cheque fraud cases, cannot walk out of jail

Business Desk CEO of controversial e-commerce platform Evaly Md Rassel was granted bail by a Dhaka court on Thursday in nine cases of cheque fraud. Dhaka Metropolitan Magistrate Court judges passed the orders during a hearing on the bail petitions submitted by Rassel’s lawyer advocate Ahsan Habib. However, he will not be able to walk out of jail now as ...

PM stresses maximum land usage for food production

DHAKA, April 11, 2022 (BSS) – Prime Minister Sheikh Hasina today urged the countrymen to ensure maximum usage of land to produce food to maintain self-sufficiency against the backdrop of the global crisis over the Ukraine conflict. “After two waves of Covid-19 pandemic, now the Russia-Ukraine war may expose the world to another crisis,” premier’s press secretary Ihsanul Karim quoted ...