Business

Bangladesh and South Korea on Tuesday signed the long-awaited Comprehensive Economic Partnership Agreement (CEPA), marking a major milestone in bilateral trade relations and paving the way for preferential tariff access for 97% of Bangladeshi goods and services in the South Korean market. The agreement was signed at the Ministry of Commerce in Dhaka, followed by a press briefing after the ...

Bangladesh resumed imports of green chillies from India through Hili Land Port on Monday after a suspension of more than eight months, as the government moved to boost supplies and rein in soaring domestic prices. The first three truckloads of Indian green chillies entered the country through the northern border crossing at around 4pm, following the government’s approval of fresh ...

The Bangladesh Energy Regulatory Commission (BERC) has increased the price of liquefied petroleum gas (LPG) for August, setting the retail price of a 12kg cylinder at Tk 1,598, up from Tk 1,528 in July. The Bangladesh Energy Regulatory Commission (BERC) on Sunday announced the revised LPG prices for August. Under the new pricing, the retail price of a 12kg LPG ...

Shu Xiong has been appointed as the president and managing director of Chevron Bangladesh, effective from 1 August. Shu succeeds Eric M Walker, who served Chevron Bangladesh for the last six years, said a press release issued on Saturday. Shu most recently served as managing director of Chevron’s China Business Unit, where she led the company’s upstream business and energy ...

S Alam Group has shut down at least 11 factories in Chattogram, citing a severe financial crisis and a shortage of raw materials, leaving more than 4,000 workers and employees without jobs. According to workers, the closure took effect on Thursday. Factory authorities have also begun the process of paying outstanding salaries, allowances and other dues to affected employees. Workers ...

India said Friday it will provide $8.8 billion in financial support for offshore oil and gas exploration as part of its efforts to reduce its heavy reliance on energy imports. India, the world’s third-largest importer of oil and the second-largest buyer of liquefied petroleum gas (LPG), has faced major disruptions due to restrictions on the Strait of Hormuz driven by ...

The Bangladesh Jewellers’ Association (BAJUS) has increased gold prices in the domestic market once again, raising the price of 22-carat gold by Tk2,216 per bhori. Under the revised rates, one bhori (11.664 grams) of 22-carat gold will now cost Tk223,074, including VAT. The new prices came into effect from 10:00am on Friday. In a statement, BAJUS said the latest adjustment ...

Fuel oil prices at the consumer level have been set for the month of August. The prices per liter for diesel at Tk 115, octane at Tk 145, petrol at Tk 140, and kerosene at Tk 135 have been kept unchanged. The Ministry of Power, Energy, and Mineral Resources announced this in a statement on Thursday, July 30. The decision ...

Oil prices fell and most Asian stocks traded lower Thursday as investors sold shares of major chipmakers, while South Korea’s benchmark Kospi extended its sharp losses. Oil markets remained volatile after the United States said it had carried out a “heavy wave” of strikes against Iran in response to an attack on a US military base. US stock futures edged ...

Asian stocks rebounded on Wednesday after a brutal selloff a day earlier as anxiety about valuations, rising competition and AI spending rocked markets ahead of crucial earnings from big tech firms and a Federal Reserve policy decision. Oil prices jumped in early trading after fresh attacks in the Middle East shattered the relative calm of recent days in the US-Iran ...