Business

UK petrol prices have hit their highest level since 2022, piling more financial pressure on motorists before the bank holiday weekend. The average cost of petrol has reached 161.6p a litre, while diesel costs an average of 183.4p a litre, according to the AA breakdown company. The last time the petrol price was so high was in November 2022, when ...

Amid the ongoing electricity and gas crisis in the country, demand for diesel has increased significantly. The use of diesel-powered generators, particularly in industrial facilities and private establishments, has risen sharply. However, the Bangladesh Petrol Pump Owners Association has alleged that a “silent shortage” of diesel is emerging in different regions because supply remains limited compared with demand. The organization’s ...

The world economy is projected to exceed USD$150 trillion by 2030, with significant growth coming from emerging markets in Asia. A report by Visual Capitalist based on forecasts from the International Monetary Fund’s World Economic Outlook showed countries’ projected nominal gross domestic product (GDP) in 2030. The three largest national economies in 2030 are projected to be the same as ...

Mercantile Bank PLC (MBPLC) signed a participation agreement with Bangladesh Bank on Thursday to join a Tk 41,000 crore refinance package aimed at boosting large industries, rural economic activities and cottage, micro, small and medium enterprises (CMSMEs). The agreement was signed on August 27 at a ceremony organised by the Supervisory Data Management and Analytics Department (SDAD) at the conference ...

A Biman Bangladesh Airlines flight remains grounded at Muscat International Airport after a passenger died on board, with the aircraft awaiting permission from the Royal Oman Police to remove the body. The incident has left the onward journey of flight BG-136 uncertain until the necessary formalities are completed, causing inconvenience to other passengers. According to Biman sources on Wednesday, the ...

The Bangladesh Standard and Testing Institution (BSTI) has ordered authorities concerned to immediately withdraw 10 food products from markets including spices from Bombay Sweets and Baghabari Ghee. In recent laboratory tests these products failed to meet minimum safety standards, the BSTI said in a press release on Wednesday. The concerned companies have also been served show cause notices, asking them ...

Iran pledged to fight back against expanded US sanctions aimed at isolating its economy, expressing confidence that major trading partners would resist the pressure campaign and saying that Washington was keen to revive talks. Almost six months into a conflict the US has struggled to resolve, Treasury Secretary Scott Bessent unveiled the measures on Monday but stopped short of the ...

‘Kanchan Guava’ cultivated in 830 acres of hilly terrain of Chandanaish and Patiya upazilas in Chattogram has begun arriving in local markets generating seasonal sales of over Tk six crore for farmers. The reputation of the traditional ‘Kanchan Guava’ has transcended national boundaries. Its unmatched flavor, appealing color, distinctive fruit shape, and prolonged freshness have enabled this guava to secure ...

Bangladesh’s bilateral trade with India currently stands at around $12 billion, Commerce Minister Khandaker Abdul Muktadir said on Monday. He made the remarks while speaking to reporters after meeting Indian High Commissioner to Bangladesh at the Commerce Ministry in the Secretariat. “India is one of Bangladesh’s major trading partners. We discussed increasing bilateral trade and resolving existing issues between the ...

Commerce Minister Khandakar Abdul Muktadir called for concerted initiatives to realise the huge export potential of Bangladesh’s jewellery industry as the Bangladesh Jewellers Association (BAJUS) set a target of earning US$7 billion from gold and diamond jewellery exports by 2030-31. He made the call while addressing the ‘BAJUS Jewellery Fashion Carnival 2026’ in the capital on Saturday night. Muktadir emphasised ...