Business

Bangladesh is setting its sights on becoming a regional hub for halal products, with the interim government committed to creating a robust ecosystem to support the halal economy, said Chowdhury Ashik Mahmud Bin Harun, Executive Chairman of both the Bangladesh Investment Development Authority (BIDA) and the Bangladesh Economic Zones Authority (BEZA). Speaking at a seminar titled “Halal Economy 360: Driving ...

In a move expected to bring relief to millions of households and small businesses, the Bangladesh Energy Regulatory Commission (BERC) has reduced the retail price of a 12 kg LP gas cylinder by Tk 91, bringing it down to Tk 1,273. The revised price, announced on Sunday, will come into effect from Monday evening across the country. In addition, the ...

Saudi Arabia, Russia, and six other core members of the OPEC+ alliance are expected to approve another oil production hike at their meeting on Sunday, continuing a recent push to reclaim global market share amid strong crude prices. The eight producers — dubbed the “Voluntary Eight” or V8 — have steadily increased output since April. Analysts predict the group will ...

One of Bangladesh’s leading online air ticket booking platforms Flight Expert has suddenly gone offline, leaving thousands of customers and travel agents in uncertainty after paying in advance for tickets. The unexpected shutdown has sparked allegations of financial misconduct and an apparent fallout among the company’s leadership. According to several employees and partner agencies, the company’s top executives, including Managing ...

The government has announced that fuel prices will remain unchanged for the month of August, in line with the newly revised pricing formula and guidelines, according to a statement issued by the Ministry of Power, Energy and Mineral Resources on Thursday. Starting August 1, the fuel prices will continue as follows: Diesel: Tk 102 per litre Kerosene: Tk 114 per ...

Bangladesh has successfully secured a 20% US tariff rate; comparable to its key apparel, matching key competitors such as Sri Lanka, Vietnam, Pakistan and Indonesia, all of which received rates between 19% and 20%. According to Chief Adviser’s press wing, the outcome ensures that Bangladesh’s relative competitiveness in the global apparel market remains intact. In contrast, India was assigned a ...

The US has cut tariffs on Bangladeshi imports to 20 percent, a move that poses no threat to Bangladesh’s exports to the US, according to Trade Adviser Sheikh Bashir Uddin. Chief Adviser’s Press Secretary Shafiqul Alam shared the trade adviser’s remarks in a Facebook post on Friday morning. He quoted Bashir Uddin as saying, “The 20 percent tariff keeps us ...

Gold purchases surged in Iran during the second quarter of the year, driven in part by a 12-day conflict with Israel, according to a report released Thursday by the World Gold Council. Despite high global prices, gold sales in Iran rose by 20 percent compared to the same period last year. The report highlighted a six-year high in demand for ...

Trading at the Dhaka Stock Exchange (DSE) started positively on Wednesday, the fourth working day of the week, with the benchmark index showing early gains. Meanwhile, the Chittagong Stock Exchange (CSE) recorded a slight decline. In the first two hours of trading, the DSEX, DSE’s key index, rose by 19 points. The Shariah-based DSES index gained 3 points, and the ...

Hong Kong-based Handa Industries has unveiled plans to invest USD 250 million in Bangladesh’s textile and garment sector, a move set to generate 25,000 jobs and strengthen industrial cooperation between the two nations. The announcement came during a meeting between Handa Industries Chairman Han Chun and Chief Adviser (CA) Professor Muhammad Yunus at the State Guest House Jamuna on Tuesday. ...