Business

Bangladesh Bank (BB) has introduced a ‘market-based’ US dollar exchange rate, setting a cap on the maximum rate for H1 of the new fiscal year 2023-24. The central bank is selling dollars to commercial banks at Tk 108.85 per dollar, increasing Tk 2.85 from the previous rate. Through the regulator selling dollars at a market-based rate, the price of dollars ...

Asian markets struggled for direction on Tuesday as investors weighed signs of a slowing US economy against hopes the Federal Reserve’s interest rate hiking cycle could be nearing its end. Data showing a sharp drop in the central bank’s preferred gauge of inflation for May fuelled a rally across equities in New York last week and Asia on Monday. The ...

The Bangladesh Energy Regulatory Commission (BERC) has decided to reduce the price of liquefied petroleum gas (LPG) again. Now, a retail consumer will get each 12kg cylinder at Tk 999 which was Tk 1, 074 (including vat). The price has been reduced by Tk 75.24. Md Nurul Amin, newly appointed chairman of BERC, at a press briefing on Monday at ...

Price of fertilizer has increased by 105% in Bangladesh while sugar’s price by 60%, petrol’s price by 47%, and sanitary pads by 23%, according to a new study conducted by the international humanitarian organization ActionAid. The cost of living in Bangladesh has gone up across multiple parameters, hitting the marginalized communities the hardest, the report said. “Communities are facing multiple ...

Green chilli price shot up to Tk 600 a kg on Friday. The price of green chilli witnessed a hike almost every day in the last seven days. This may be due to a rise in demand on the occasion of Eid-ul-Azha. Visiting several kitchen markets in Dhaka on Friday, this correspondent found that a kilogram of green chili was ...

US-Bangla Airlines will launch direct flights to India’s Delhi from the last week of July. The airlines, primarily, will operate direct flights on the Dhaka-Delhi route four days a week– Monday, Tuesday, Wednesday, and Friday to Delhi, says a press release. The airline’s fleet consists of 19 aircraft, including eight Boeing 737-800s and six brand-new ATR 72-600s. For the first ...

The government has earned a record Tk 4.6 crore in revenue from tolls collected from the vehicles that crossed the Padma Bridge in 24 hours till midnight Tuesday. Padma Bridge Site Office Additional Director Amirul Islam said a total of Tk 4,60,53,300 was collected from the vehicles that crossed the bridge from Monday 12am to Tuesday 12am. Last year, a ...

Export-import activities between Bangladesh and India through the Hili land port will remain suspended for six days, on the occasion of Eid-ul-Azha. Md Mostafizur Rahman, general secretary of Hili Land Port Import-Export Group, said that trade activities will remain closed from June 27 to July 2 for the Eid holidays. “Trade activities will resume at the land port from July ...

Indian trucks loaded with green chilli entered Bangladesh through Hili land port in Dinajpur on Monday as the government has allowed its import  in the wake of surging prices in the local market ahead of Eid-ul-Azha. M/s Satata Banijyalay, BK Trade, Promi Enterprise and Royal Trade International– have received import permits (IP). These organizations will import around 1,900 metric tons ...

The Ministry of Commerce on Sunday fixed the prices of salted cowhides at Tk 50 to Tk 55 per square feet in Dhaka and at Tk 45 to Tk 48 outside Dhaka. Commerce Minister Tipu Munshi disclosed this after a meeting with tannery owners, the Tariff Commission, and related stakeholders at the Ministry of Commerce, UNB reports. The minister said ...