Business

Bangladesh has strengthened its position as the global leader in green apparel factories, as the country now has 176 such factories with USGBC’s LEED certification. Three more Bangladeshi garment factories have achieved green building certification from the United States Green Building Council (USGBC) in the platinum category. The factories are CA Knitwear in the Bhobanipur area of Gazipur, Silken Sewing ...

Sony and Honda have formally inaugurated a joint venture to produce electric vehicles, report agencies. The entity, known as Sony Honda Mobility, will produce its first vehicle in the United States, with exports across the globe – including Japan, opening the door to Australia. It will be headquartered in Tokyo, Japan. The electric vehicles will commence production in early 2026, ...

Soybean oil is still being sold at its previous rate in the kitchen markets despite the price cut announced by Bangladesh Vegetable Oil Refiners and Banaspati Manufacturers Association. Consumers claimed that traders are selling the cooking oil at the previous rate, arguing that new supply of soybean oil has not arrived at the market yet. While visiting different grocery shops ...

The Biden administration is weighing restricting imports of Russian aluminum as it charts possible responses to Moscow’s military escalation in Ukraine, a person briefed on the conversations told Reuters. Such a move, which has not been finalized, would likely boost global prices for the metal used in a wide range of consumer products and could reverse a previous White House ...

Oil-rich Saudi Arabia’s Red Sea Gateway Terminal Company has shown interest to invest in Bangladesh for the operation, maintenance and modernisation of the country’s Patenga container terminal in Chattogram. Vice Chairman of the Red Sea Gateway Terminal Board of Directors, Aamer A. Alireza, made the proposal during a meeting with State Minister of Shipping Khalid Mahmud Chowdhury in Jeddah on ...

Walton has launched four new models of its premium series refrigerators with aesthetic designs and advanced technologies. The features and technologies of the refrigerators include Syntho-Fresh and UV-C technology, intelligent germ terminator (IGT), smart control, ceramic-coated premium glass and elegant door handle, reports UNB. Syntho-Fresh technology is used to keep fruits and vegetables fresh by mimicking the natural lights at ...

India’s retail inflation accelerated to a five month high of 7.30% in September due to surging food prices, staying well above the Reserve Bank of India’s (RBI) upper tolerance band for a ninth month, a Reuters poll found. Fueled by erratic rainfall and supply shocks from Russia’s invasion of Ukraine, prices of daily consumables like cereals and vegetables which form ...

Spot market LNG imports could cost Bangladesh about $11 billion between 2022 and 2024, according to a mini briefing published by Ember, a global energy think tank. Heavy reliance on gas generation, diminishing domestic gas reserves, lack of alternative renewable generation capacity and new coal power becoming increasingly unviable have all led Bangladesh to rely more and more on Liquefied ...

The World Bank has lowered its forecast for Bangladesh’s economic growth for fiscal 2022-23 by a 0.6 percentage point to 6.1 per cent. While economic distress is weighing down all South Asian countries, some are coping better than others, the World Bank said in a new report released on Thursday. Bangladesh is one of them. The World Bank cut its ...

Ministry of Commerce has fixed the price of palm oil at Tk 125 reducing by Tk 8 per litre. Besides, the price of sugar has been increased by Tk 6 per kilogram. The new prices will be effective from Friday. Commerce Secretary Tapan Kanti Ghosh announced the new prices after a meeting with the Bangladesh Vegetable Oil Refiners and Vanaspati ...