Business & Economy
Cut gold jewellery- carrying limit for travellers to 50g: BAJUS
Business Report :The Bangladesh Jeweller’s Association (Bajus) has proposed reducing the maximum weight of gold jewellery a person can bring from abroad under the baggage...
Saudi pledges big oil cuts in July as OPEC+ extends deal into 2024
Reuters, Vienna :Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into...
Phoenix Insurance declared 15pc cash dividend
Business Desk :Phoenix Insurance Company Limited has been declared 15 percent Cash Dividend to the shareholders for the year 2022. The declaration came out through...
Shepherd calls creditors meeting to merge with Bangladesh unit
Business Report :Taiwan-based textile company Shepherd Industries Limited has announced a creditors meeting scheduled for 18 June to seek approval for the proposed amalgamation of...
Stocks end in red
Business Report :All indices of the Dhaka Stock Exchange (DSE) fell on Monday. The DSEX, the benchmark index of the top bourse in Bangladesh, lost...
LC opening up 25pc in May despite dollar crunch
Business Report :Opening and settling of import letters of credit (LCs) increased by about 25% and 10% respectively in May, compared to the previous month...
BB slashes EDF by $400m to boost depleting forex reserves
Business Report :The Bangladesh Bank reduced the Export Development Fund (EDF) by $400 million in May to increase net forex reserves, as per the conditions...
Biden signs debt limit bill, avoiding US default
Reuters, Washington :President Joe Biden on Saturday signed a bill that suspends the US government’s $31.4 trillion debt ceiling, averting what would have been a...
‘Disappointing budget for capital market’
Business Report :Stock market intermediaries expressed their disappointment on Sunday as the finance minister did not recommend any measure for the capital market in the...