Business

India said Friday it will provide $8.8 billion in financial support for offshore oil and gas exploration as part of its efforts to reduce its heavy reliance on energy imports. India, the world’s third-largest importer of oil and the second-largest buyer of liquefied petroleum gas (LPG), has faced major disruptions due to restrictions on the Strait of Hormuz driven by ...

The Bangladesh Jewellers’ Association (BAJUS) has increased gold prices in the domestic market once again, raising the price of 22-carat gold by Tk2,216 per bhori. Under the revised rates, one bhori (11.664 grams) of 22-carat gold will now cost Tk223,074, including VAT. The new prices came into effect from 10:00am on Friday. In a statement, BAJUS said the latest adjustment ...

Fuel oil prices at the consumer level have been set for the month of August. The prices per liter for diesel at Tk 115, octane at Tk 145, petrol at Tk 140, and kerosene at Tk 135 have been kept unchanged. The Ministry of Power, Energy, and Mineral Resources announced this in a statement on Thursday, July 30. The decision ...

Oil prices fell and most Asian stocks traded lower Thursday as investors sold shares of major chipmakers, while South Korea’s benchmark Kospi extended its sharp losses. Oil markets remained volatile after the United States said it had carried out a “heavy wave” of strikes against Iran in response to an attack on a US military base. US stock futures edged ...

Asian stocks rebounded on Wednesday after a brutal selloff a day earlier as anxiety about valuations, rising competition and AI spending rocked markets ahead of crucial earnings from big tech firms and a Federal Reserve policy decision. Oil prices jumped in early trading after fresh attacks in the Middle East shattered the relative calm of recent days in the US-Iran ...

Turkish textile giant Sanko has expressed interest in investing $300 million to establish an integrated textile manufacturing facility in Bangladesh’s Mirsarai Economic Zone, marking a major potential boost for the country’s textile and jute industries. The investment proposal was discussed at a meeting on Tuesday between Minister of Commerce, Industry, and Textiles & Jute and a Sanko delegation at the ...

Biman Bangladesh Airlines has resumed direct flights between Dhaka and Japan’s Narita Airport after a year of suspension. Civil Aviation and Tourism Minister Afroza Khanam inaugurated the route at Shahjalal International Airport in Dhaka on Sunday night. She said the government was committed to keeping the route operational. Flight BG-376 departed Dhaka at 2:25AM on Monday. At a meet-and-greet event ...

Ship traffic through Bab el-Mandeb fell on Sunday after Yemeni Houthis attacked Saudi oil installations along the Red Sea coast, while transit through the Strait of Hormuz stayed low over the weekend, shipping data from Kpler showed on Monday. Eleven commodity vessels passed through the Bab el-Mandeb strait on Sunday, the lowest level in months, the data showed. Red Sea ...

An extended period of crude oil prices remaining above $100 per barrel could significantly impact the global economy by driving up inflation, food, and transport costs, according to analysts cited by The National. Oil prices recorded a second consecutive week of sharp gains, driven by the escalating US-Iran conflict, the effective closure of the Strait of Hormuz, and Houthi attacks ...

Social Welfare State Minister Farzana Sharmin has called for preparing children with basic education and moral values from their families to build a safe and sustainable Bangladesh for future generations. She made the remarks at the “Premium Mind Master Retreat and MCA Convocation (July 2026)” organised by Wellbeing Bangladesh Foundation at the InterContinental Dhaka on Saturday (July 25, 2026). Addressing ...