Day: September 3, 2024
Business Report : The price of liquefied petroleum gas (LPG) has been further increased to Tk118.44 per kg from the previous price of Tk114.79 for September. The Bangladesh Energy Regulatory Commission (BERC) announced the new price, saying that a 12kg LPG cylinder’s price has been increased by roughly Tk44. A retail consumer will now have to spend Tk1,421 for a 12kg cylinder instead of Tk1,377 (including VAT).Prices of other sizes of LPG cylinders – from 5.5kg to 45kg – will...
Business Report : The Chittagong Stock Exchange (CSE) has added the fundamentally weak companies Khan Brothers PP Woven Bag and Sonali Paper to its CSE50 index – a selective index of the port city bourse. The CSE revised its CSE50 index by replacing three companies. The third newly added company is Shahjalal Islami Bank. ACI, BBS Cables, and Saif Powertec have been removed from the index, according to a press release. The CSE stated that the new index will be...
Business Report : Gold will be marginally cheaper starting on Monday as the Bangladesh Jewellers’ Association (Bajus) decided to cut its prices on Sunday.The association cut gold prices by Tk 1,621 to Tk 126,321 a bhori (11.664 grammes) from the existing Tk 127,942 a bhori, the highest in the history of Bangladesh. The association’s standing committee on pricing and price monitoring decided in a meeting yesterday, citing a decrease in pure gold prices in the local market. The reduced rate...
Business Report : A slew of memoranda of understanding signed with India during the past government, which include a latest one on rail transit, await a review. Dhaka will also make a move for extradition of deposed prime minister Sheikh Hasina–staying in India on self-exile and faces numerous cases back at home–if court issues orders. Foreign Adviser of the interim government Towhid Hossain Sunday made the statements to queries from journalists, amid major developments stemming from change of government. “If...
Chittagong Bureau : Ten directors of the Chittagong Chamber of Commerce and Industry (CCCI) have collectively resigned, intensifying the ongoing unrest within the organisation. The resignations, which occurred at midnight on Sunday, follow a series of protests and growing dissatisfaction among businessmen. CCCI President Omar Hazzaz confirmed the resignations and stated that the current board had decided to step down to prevent further disruption to services for ordinary members. He assured that the resignation letters are being submitted to the...
Business Report : Professor Abu Ahmed has joined as the chairman of the board of directors of Investment Corporation of...
Business Report : The National Board of Revenue has cancelled the provision which allowed taxpayers to whiten black money without scrutiny by paying a 15 percent tax. The tax authority issued a notification in this regard on Monday. The development comes a few days after Syeda Rizwana Hasan, the environment adviser, told journalists that the interim government would scrap the provision. The exemption allowed taxpayers to legalise undeclared income without facing any questions about the source of wealth. However, the...
