Business

Milk Vita, a state-run organization, is set to begin producing global-standard baby food locally by the end of this year, marking the first such initiative in the country’s history. “We are working to achieve the capability of producing international standard infant food such as Lactogen 1, 2, and 3 by December this year,” Chairman of Bangladesh Milk Producer’s Co-Operative Union ...

Consumers Association of Bangladesh (CAB) President AHM Shafiquzzaman has expressed concern over the difficulties entrepreneurs face in operating businesses in Bangladesh, saying the current environment creates numerous obstacles for investors and discourages fair and transparent business practices. “There is no scope for doing business honestly in the country,” he said. Speaking at an event attended by business representatives and members ...

Bangladesh’s overall economic activity expanded at a faster pace in April, with the Purchasing Managers’ Index (PMI) rising to 54.6 from 53.5 in March, according to the latest Bangladesh PMI report released jointly by the Metropolitan Chamber of Commerce and Industry (MCCI) and Policy Exchange Bangladesh. The report, published on May 7 with support from the UK government and technical ...

The impact of the reciprocal trade agreement (ART) signed with the United States has begun to show in Bangladesh’s import figures, with imports from the US more than doubling in the first four months of the year as part of efforts to reduce the bilateral trade gap. Bangladesh’s imports from the US rose by 101 per cent year-on-year to Tk19,104 ...

A new organisation named the “France-Bangladesh Business Forum (FBBF)” has been officially launched in Paris with the objective of strengthening commercial relations and building an economic bridge between France and Bangladesh. The announcement was made during a press conference held on Friday evening in the Aubervilliers area of the French capital, where the forum’s goals and future work plans were ...

British Airways fares will rise to try to recoup most of a €2bn (£1.7bn) hit in fuel costs this year, its parent group has said, adding that the Iran war will dent profits. The International Airlines Group (IAG) said its annual fuel bill was now expected to be about €9bn, up from the forecast €7.1bn, as 70% of its supply ...

Shops and shopping complexes will stay open till 10pm every day ahead of the Eid day, announced the Shop Owners’ Association on Thursday. Minister of Power, Energy and Mineral Resources Iqbal Hassan Mahmud confirmed the government’s consent to the extension in a phone call with Md Helal Uddin, president of the association, earlier in the day, the business leader told ...

The gold market in Bangladesh has turned volatile once again, mirroring sharp movements in the global market. Just a day after prices declined, gold rates in the country rebounded significantly as the Bangladesh Jewellers Association (BAJUS) announced a fresh price hike. According to BAJUS, the adjustment was made due to rising prices of pure gold in the local market. The ...

Oil prices fell for a second day on Wednesday on expectations bottled up supply from the key Middle East producing region could resume flowing after US President Donald Trump indicated a possible peace deal may be reached to end the war with Iran. Brent crude futures for July fell $1.52, or 1.38%, to $108.35 per barrel as of 0103 GMT, ...

Gold prices in Bangladesh have been reduced by Tk2,158 per bhori, with the price of 22-carat gold now set at Tk240,336, according to the Bangladesh Jeweller’s Association (BAJUS). In a statement issued on Tuesday (5 May) morning, BAJUS said the new prices were fixed considering the overall market situation, particularly a decline in the price of pure gold (tejabi gold) ...