Business

MetLife Bangladesh has installed a 104-kilowatt (kW) on-grid solar panel system at its Motijheel head office, aiming to generate up to 10 percent of its electricity demand from renewable energy sources. The initiative marks a significant step in the company’s sustainability journey as it seeks to reduce reliance on conventional power sources and promote environmentally responsible operations, said a press ...

Gold prices in Bangladesh have been reduced by Tk3,266 per bhori, with the price of 22-carat gold now set at Tk234,855, according to the Bangladesh Jeweller’s Association (BAJUS). In a statement issued on Tuesday (2 June) morning, BAJUS said the new prices were fixed considering the overall market situation, particularly a decline in the price of pure gold (tejabi gold) ...

Nvidia has announced a new chip for PCs as it moves into the consumer market for devices integrated with AI technology. “This reinvention of the computer is as big of a deal as the reinvention of the phone into what we now know as the smartphone,” Nvidia’s chief executive Jensen Huang said as he unveiled the RTX Spark chip. Huang ...

State Minister for Power, Energy and Mineral Resources Anindya Islam Amit has said that the government increased fuel prices to align domestic rates with the international market. Speaking to reporters on Monday afternoon, the state minister said the government had no alternative but to take the unpopular decision. He also noted that the fuel price adjustment would have no impact ...

To overcome a distressed economic situation, cope with global pressures, tackle persistently high inflation, address the energy crisis, revive stagnant investment, restore balance to foreign exchange reserves, continue reform programmes, and confront challenges in the weak financial sector, the government has prepared an ambitious budget of Tk9.38 trillion for the 2026–27 fiscal year. The budget not only envisages high expenditure ...

Oil prices rose as markets reopened Monday following weekend reports that the United States had hardened its negotiating terms with Iran to end the Middle East war. US benchmark West Texas Intermediate gained 2.5 percent to $89.60 a barrel. Brent North Sea crude, meanwhile, was trading around $93.16 a barrel for August delivery, a rise of about 2.2 percent from ...

Sri Lanka raised fuel prices by up to six percent on Sunday, in line with IMF plans to recover energy costs and phase out subsidies to stabilise the economy. Petrol was raised to 434 rupees ($1.33), up from 410, while diesel increased to 407 rupees a litre from 392, the state-run Ceylon Petroleum Corporation said. The price hike came days ...

Three Mexican airlines announced restrictions on May 29 for travellers from Central African countries due to the region’s deadly Ebola outbreak, as Mexico prepares to welcome fans and athletes for the football World Cup in less than two weeks. “Entry into Mexico by air is restricted for travellers who have stayed in Uganda, the Democratic Republic of the Congo or ...

Stock markets were mixed while oil prices fell again on Friday on investor optimism that the United States and Iran would reach a deal to extend their ceasefire. Oil markets have been up and down this week as investors assess the chances of a breakthrough between Washington and Tehran that could potentially resume shipping through the crucial Strait of Hormuz. ...

There is no scope to smuggle rawhides out of the country during this Eid-ul-Azha, said Commerce Minister Khandakar Abdul Muktadir on Thursday. The effective prevention of smuggling will ensure all the rawhides can be used for industrial and export purposes, he told reporters after observing the hide trading activities at Aminbazar in Dhaka. The ministry is in contact with every ...