Business

The government has cut the prices of diesel, petrol, octane and kerosene by Tk 5 per litre apparently to tame the commodity market which became volatile after the fuel got costlier. The Ministry of Power, Energy and Mineral Resources issued a gazette notification on Monday night in this regard. Earlier in the day, Power, Energy and Mineral Resources Nasrul Hamid ...

Bangladesh’s petrol pump owners have decided to give the government until September 12 to fulfil their list of five demands, including higher sales commissions. If their demands are not met by then, a ‘symbolic strike’ will be enforced at petrol pumps across the country from dawn to 11 am on September 13, according to them. The Petrol Pump Owners Association ...

Rupali Bank Limited has appointed Mohammad Jahangir as the new managing director (MD) and chief executive officer. He joined at the post through a circular from the Financial Institutions division of the Ministry of Finance. Mohammad Jahangir was born at Kabirhat upazila in Noakhali district. He received M.com (Management) degree and MBA on Finance from Dhaka University. Jahangir started his ...

A Bangladeshi-flagged ship has started its journey from Muktarpur of Munshiganj to India carrying jhut, the scrap fabric produced by the RMG industry, for the first time in the country’s history. The ship ‘MV Razzaku’ started its journey around 12:45 pm from Char Muktarpur River Port for Dhubri Port in Assam of India. India’s Bhansali International is importing 111 metric ...

California is to ban the sale of new petrol-only vehicles by 2035, marking a historic step in the state’s attempts to tackle climate change. The new rules are aimed to force car makers to accelerate the introduction to the market of cleaner vehicles. It comes after Governor Gavin Newsom set a target in 2020 to speed up the shift away ...

Commerce Minister Tipu Munshi on Thursday said the government has no restrictions on importing food products from Russia and Ukraine or any other country. The minister was talking to the media after a top level government meeting on import of food grains and products held at the secretariat. He said the importing of food products was discussed at the meeting ...

Hainan island in the South China Sea says it will become China’s first region to ban sales of gasoline- and diesel-powered cars to curb climate-changing carbon emissions. Sales of fossil fuel-powered cars will be banned by 2030 and electric vehicles promoted with tax breaks and by expanding a charging network, the Hainan provincial government said in a “Carbon Peak Implementation ...

Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association (BVOVMA) has raised the price of bottled soybean oil by Tk 7per litre. With the price hike, each litre of soybean oil is now at Tk 192. The new price will be effective from Today (Tuesday). The organisation announced this in a notification on Tuesday. Meghna Group’s senior AGM Toslima Shahriar said ...

Oil rose on Tuesday as renewed concerns over tight supply dominated market sentiment after Saudi Arabia warned that the major oil producer could cut output to correct a recent oil price decline. Brent crude futures advanced 93 cents, or 1%, to $97.41 a barrel by 0328 GMT, after a choppy session on Monday when they dropped by more than $4 ...

Fuel Oil traders in Khulna have been observing a 12-hour work abstention since Monday morning to press home their three-point demands. Following the work abstention, fuel oil extraction and supply to Padma, Meghna and Jamuna oil depots has been suspended from 6am. Bangladesh Tank lorry Owners Association, Bangladesh Fuel Oil Distributors’ Association and four other organisations enforced the strike. Murad ...