Business

Amid the ongoing global disruptions, 5,000 metric tonnes of diesel are coming to Bangladesh from India through a pipeline. According to Bangladesh Petroleum Corporation (BPC) sources, this fuel is expected to reach the Parbatipur depot in Dinajpur from the Numaligarh refinery in India’s Assam through the Bangladesh-India Friendship Pipeline. It said the pumping process to send the diesel from India ...

The price of the main US benchmark for oil surged more than 30 percent on Monday over concerns that the Middle East war could create prolonged supply disruptions. At 0230 GMT West Texas Intermediate (WTI) was up 30.04 percent at $118.21 per barrel, before easing slightly, while Brent Crude was 27.54 percent higher at $118.22.

US Ambassador to Bangladesh Brent T Christensen held a high-level meeting with Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Mahmud Hasan Khan and members of its board of directors to discuss bilateral trade, investment and labour issues. The meeting took place on Sunday at the BGMEA complex in Uttara in the capital, said a press release. Discussions focused on ...

Eight vessels carrying gas and petroleum products have arrived at Chattogram Port, offering temporary relief to Bangladesh’s fuel supply chain amid rising tensions and conflict in the Middle East. According to port authorities, the tankers anchored at the port on Sunday morning. Officials said the vessels had crossed the strategically vital Strait of Hormuz before 28 February, prior to disruptions ...

BRAC Bank continues to create pathways for women to thrive as economic contributors and leaders through initiatives that support women entrepreneurs, expand financial literacy, and foster an inclusive workplace. Women’s access to finance and their growing role in entrepreneurship and professional life have remained central to BRAC Bank’s journey since its inception, said a press release. On the occasion of ...

Qatar appears to have loaded its first liquefied natural gas cargo after the widening conflict in the Middle East forced it to halt fuel production and declare an unprecedented force majeure to buyers. The tanker departed from the LNG export complex on Friday, and its draft level increased suggesting a cargo on board, Bloomberg reported. The vessel is signaling Bangladesh ...

Dubai airport, the world’s busiest for international traffic, suspended operations on Saturday after an aerial interception in the area during attacks from Iran. “For the safety of passengers, airport staff, and airline crew, operations at Dubai International (DXB) have been temporarily suspended,” the government’s Dubai Media Office said in a social media post. The announcement came shortly after the aerial ...

The ongoing conflict in the Middle East and rising security risks in regional airspace have severely disrupted the flight schedule of Biman Bangladesh Airlines. In response to the situation, the state-owned airline has announced the cancellation of all flights on six major Middle Eastern routes until 8 March. Earlier, flights on these routes were suspended from 3 March to 5 ...

The government has imposed limits on fuel purchases per vehicle as authorities seek to curb panic buying and prevent shortages amid global supply disruptions linked to the ongoing US-Israel conflict involving Iran. In a notification issued on Friday, the Bangladesh Petroleum Corporation (BPC) outlined new caps on the amount of fuel consumers can purchase at filling stations. Under the new ...

Ahsan H Mansur assumed leadership of Bangladesh’s central bank in August 2024 with a strong pledge to reform the country’s fragile economy and tackle corruption and disorder in the financial sector. However, information obtained by Bangladesh Pratidin suggests a different side of the story. According to the report, a court in the United States had previously found him guilty of ...