Business

Korea Cooperation International Agency (KOICA) and Creativity and Entrepreneurship (ICE) Center of the Dhaka University has started journey to promote young entrepreneurs in Bangladesh by implementing a project. The project on “Capacity Building of Universities in Bangladesh to PromoteYouth Entrepreneurship (PYE)” launched today at the Dhaka University Central Playground, the venue where the university is celebrating its 100 years centenary. ...

Major oil producers decided Thursday to keep raising output levels in January, despite the Omicron coronavirus variant raising fresh questions over demand. The OPEC+ alliance led by Saudi Arabia and Russia had so far resisted US-led pressure to significantly boost output to rein in surging energy prices. Observers had expected the club to opt for a freeze in production for ...

The price of 12kg liquified petroleum gas (LPG) cylinder has been lowered to Tk 1,228 from Tk 1,313. Bangladesh Energy Regulatory Commission (BERC) announced lowering the price of 12kg LPG cylinder price on Thursday (December 2). The new price will be effective from Friday (December 3). In a press release, the BERC said prices of other LPG cylinders of different ...

Bangladesh received (USD) $1553.70 million inward remittance in November, which is considered lowest in 18 months. Bangladesh Bank (BB) data shows that the expatriates sent $1553.70 million remittance in November 2021 compared to $2078.74 million in November 2020 amid the Covid-induced lockdown in almost all their host countries. According to the BB, in the first five months (July-November) of the ...

Asian markets mostly rose Wednesday while oil prices bounced as traders assess the outlook for the global economy after top drugs makers offered differing opinions on their vaccines’ efficacy against Omicron and the Federal Reserve took a hawkish pivot on monetary policy. A mild recovery from the previous two days’ steep losses was turned on its head in the region ...

Meta has been ordered to unwind its recent acquisition of Giphy by regulators worried about the deal’s impact on competitors. The UK Competition and Markets Authority said on Tuesday that Meta’s control of the popular search engine for GIFs — short, looping videos and animations — would reduce competition between social media platforms and had already removed one potential rival ...

The coronavirus pandemic will cost the global tourism sector $2.0 trillion in lost revenue in 2021, the UN’s tourism body said Monday, calling the sector’s recovery “fragile” and “slow”. The forecast from the Madrid-based World Tourism Organization comes as Europe is grappling with a surge in infections and as a new heavily mutated Covid-19 variant, dubbed Omicron, spreads across the ...

Indian Commerce Minister Piyush Goyal on Sunday said that the meeting of ‘Bangladesh-India CEO Forum’ will be held soon aimed at promoting mutual investment of the countries. “India-Bangladesh CEO Forum will promote bilateral investments and trade. Look forward to having 1st meeting soon,” he said while speaking virtually on the occasion of the inauguration of the ‘Bangladesh International Investment Summit ...

US-Bangla Airlines has included two Boeing 737-800 aircraft to its fleet. With the inclusion of two Boeing 737s, the number of US-Bangla aircraft rose to 16. Two Boeing 737-800 aircraft reached Hazrat Shahjalal International Airport in Dhaka at 11:00pm and 11:30pm on Friday. These two aircraft from Jordan has 189 economy class seats. US-Bangla is also going to start flights ...

US benchmark oil contract WTI slumped more than five percent in trading Friday as markets were slammed by worries over a new variant of Covid-19. WTI tumbled 5.3 percent at $74.24 per barrel, while European benchmark Brent North Sea crude retreated 4.5 percent to $78.52, reports AFP.