Business

On Tuesday, March 25th, the third trading day of the week, the stock market witnessed a rise in indices, with trading ongoing at both of the country’s main stock exchanges: the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE). According to sources from the DSE and CSE, half an hour into the trading session, at 10:30 AM, the ...

Iraq plans to raise oil production capacity to more than 6 million barrels per day (bpd) by 2029, the state news agency reported Iraq’s oil ministry as saying on Sunday. Oil ministry undersecretary Bassem Mohamed Khodeir told the agency that Iraq aims to achieve its target through oil exploration and nationwide drilling activity, pointing to a recent deal with oil ...

The government has appointed an administrator to the Bangladesh China Chambers of Commerce and Industry (BCCCI). Nargis Murshida, Joint Secretary, Ministry of Commerce, took charge of the BCCCI on March 23, according to an order by the Commerce Ministry issued on March 16. The order instructed the newly appointed administrator to conduct a fair and neutral election for the BCCCI ...

The government of India has withdrawn 20 per cent duty on onion export. This will be effective from April 1. A notification to this effect was issued on Saturday (March 22) by the Department of Revenue on the communication of Department of Consumer Affairs, India. To ensure domestic availability, the government had taken measures to check export by means of ...

A cargo vessel arrived at Chittagong Port from Vietnam carrying 29,000 tonnes of rice on Saturday, reports UNB. The vessel, MV OBE Dinares with rice brought under the G2G agreement signed on February 3, anchored at Chittagong Port, said a Food Ministry press release on Saturday. The testing of samples of rice stored on the ship has already been completed ...

Areas of special programme under the budgetary allocation of the Ministry of Fisheries and Livestock to stable the prices of essential animal protein products in the month of Ramadan has extended and the selling price has been adjusted. A press release of the ministry in this regard confirmed this on Saturday. From the 1st to the 28th of Ramadan, an ...

The Bangladesh High Commission in New Delhi organized an event on Thursday evening to engage Indian investors and business leaders at its diplomatic mission in the Indian capital. The event aimed to highlight potential investment opportunities in Bangladesh, ahead of the upcoming Bangladesh Investment Summit, scheduled to take place from April 7-10 in Dhaka. Representatives from various medium and large ...

Bangladesh is on track to set a new record in remittance inflows, with expatriates sending $2.25 billion through banking channels in the first 19 days of March. This marks a significant 78.4 per cent increase compared to the same period last year, reports UNB. According to the latest data from Bangladesh Bank, the surge in remittance is largely attributed to ...

The National Board of Revenue (NBR) has introduced a new initiative called the Spot Assessment programme aimed at broadening the country’s tax base. The programme is designed to offer direct services to taxpayers with taxable income who are required to file returns. It encourages new taxpayers to voluntarily pay income tax, as stated in an official press release. Various tax ...

Following the government’s intervention, air ticket prices, particularly for flights to various destinations in Saudi Arabia, have fallen by nearly 75 per cent. Association of Travel Agents of Bangladesh (ATAB) confirmed this on Wednesday. Between December and February, passengers were forced to pay exorbitant fares for tickets from Dhaka to major Saudi Arabian cities, with prices soaring to as high ...