Business

Newly elected FBCCI President Mahbubul Alam voiced his commitment to cultivate a smart business community that aligns with the country’s economic progression. “We are aware of the imported inflationary pressure stemming from the Russia-Ukraine war. Yet, Bangladesh has braved these challenges. Our goal is to attain smart economy. For this, we require a smart business community,” Alam told the Daily ...

The Asian Development Bank (ADB), as a transaction advisor for the Government of Bangladesh’s Rampura Amulia Demra Expressway public-private partnership (PPP) project, has mobilized $261 million of private sector capital for a four-lane, 13.5 km expressway. It will ease traffic congestion and provide better connectivity between the capital Dhaka and other major cities, reports UNB. The project is being funded ...

Liquefied Petroleum Gas (LPG) price has increased this time after seeing reduction on several occasions. Now, a 12kg LPG cylinder gas price has been fixed at Tk 1,140 increasing by Tk 141 at consumer level. Earlier, it was Tk 999. Bangladesh Energy Regulatory Commission (BERC) announced the rate of LPG gas Wednesday afternoon. The new price will come into effect ...

Bangladesh received inward remittances of $1.97 billion in July, the first month of Fiscal year 2023-24, which saw a decline on year-on-year basis by 5.86 per cent. According to Bangladesh Bank (BB) data, the expatriates sent $2.19 billion remittance in June last month of FY23, saw a fall by 10.27 per cent in July. Despite the fall in remittance inflow ...

The sale of loose (open) soybean oil is banned from Tuesday (August 1) as it is unhealthy and lacks vitamins. The Directorate of National Consumers Right Protection (DNCRP) will remain on the field to ensure the ban on its sales as per the government’s decision. The Consumers Right teams will lead the drives across the country. On July 26, the ...

US-Bangla Airlines has become the first private carrier of the country to get the IATA Operational Safety Audit (IOSA). US-based Argus Pros acted as the auditor for US-Bangla Airlines to receive the IOSA certificate, reads a media release. The firm is one of the five audit firms worldwide designated by IATA. To receive the IOSA certificate, the airline had to ...

Talks on reviving the World Trade Organization’s dispute settlement system are making progress and drafting an agreement should begin in the coming months, a trade official source said Friday. The official said countries “have reached an understanding on 80 percent of the issues under consideration, which are now ripe to move to the drafting process”. As for the remaining 20 ...

The gold price climbed above the level of $2,000 per Troy ounce during the trading session at Comex for the first time since June 2 of this year, according to market data. The gold price had reached $2,000.4 per Troy ounce (up 0.43%) but then rolled back to $1,998 per Troy ounce, plus 0.35%. Silver prices at the same ticked ...

Russia and African countries are considering the possibility of concluding barter transactions in the energy sector, Russian Energy Minister Nikolay Shulginov told TASS on the sidelines of the Russia-Africa summit. “We are searching for ways, financing mechanisms, we are also considering barter trade,” he said. Shulginov said in an interview with TASS earlier that Russian companies are actively involved in ...

Air India on Thursday announced that it will commence its direct flights from Delhi to Dhaka from September 15. In a move to enhance connectivity between the capital cities of India and Bangladesh, Air India will fly four times a week between the two cities using its Airbus A320 aircraft, The Economic Times reports. Air India already operates flights thrice ...