Business

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 ...

Indonesia has secured access to bargain-priced Russian oil, thanks to a combination of its recent entry into BRICS and sustained diplomatic efforts by its government, according to Satya Widya Yudha, a member of the National Energy Council of the Republic of Indonesia. “Indonesia has gained the opportunity to buy Russian oil at a discount… Previously, Indonesia faced serious obstacles in ...

Bangladesh has secured an agreement to import more than 500000 tonnes of muriate of potash fertiliser from Russia in the 2026-27 fiscal year, strengthening agricultural cooperation between the two countries. The deal was signed between Russia’s state trading enterprise Prodintorg and the Bangladesh Agricultural Development Corporation. Officials from both governments attended the signing ceremony, including Russian Ambassador Alexandr Khozin and ...

Oil prices rebounded to $100 on Tuesday while stock markets were mixed and the dollar firmed after US military strikes on Iran deflated hopes of an imminent deal to reopen the Strait of Hormuz. The United States and Iran have been working on an agreement to end the Middle East war and reopen the crucial waterway to tanker and cargo ...

Although banks across Bangladesh are observing a seven-day Eid-ul-Azha holiday from May 25 to 31, selected bank branches remained open on a limited scale to facilitate salary and allowance payments for garment workers and to support import-export activities on Tuesday. Office operations at the designated branches are being conducted from 10AM to 3PM, while customer transactions are allowed from 10AM ...