Business

American business tycoon Warren Buffett has confirmed that Berkshire Hathaway’s vice-chairman, Greg Abel, will succeed him as chief executive. Investor Buffett built Berkshire Hathaway from a failing textile maker into a $628bn (£452bn) investment juggernaut. Although he is 90 years old, Buffett has given no indication he plans to step down.   Mr Abel helped build Berkshire Hathaway’s energy unit ...

The purchasers from now on be able to buy a litre of edible oil at TK 141 as the refiners and manufacturers have reduced the price by Tk three per litre. The Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association confirmed this in a press release on Monday. The refiners and manufacturers association prompted to reduce the price following request ...

The Covid-19 pandemic provided a boost for e-commerce last year, but the digital windfall was not enjoyed equally across the board, a UN study found Monday. “Although it will take some time to get the full picture of the impact of Covid-19 on e-commerce… a number of developments point to the strong rise in e-commerce in 2020,” said the report ...

A formula-based pricing policy needs to be put in place for attracting international oil companies (IOCs) to explore hydrocarbon in Bangladesh, energy experts said on Saturday. “Unless there is a formula to fix energy prices, the IOCs will not be interested to come here,” said Khondokar Abdus Saleque, a former senior official of Petrobangla. Saleque, who was speaking at the ...

Special envoy of Climate Vulnerable Forum (CVF) Abul Kalam Azad has been appointed as a Commissioner of the World Economic Forum’s (WEF’s) “Global Commission on BiodiverCities by 2030” in this April. As a Commissioner, the CVF special envoy will be a part of the Global Commission on BiodiverCities by 2030, a high-level commission with 25 world renowned experts and practitioners ...

Commercial flights between Dhaka and some 38 countries will resume from Saturday, according to the country’s civil aviation regulator. However, flights to high-risk countries will remain suspended, the Civil Aviation Authority of Bangladesh (CAAB) said in a notification on Friday night. According to the notification, passengers coming from higher risk among these 38 countries will have to go through a ...

The Apple Watch 6 is an expensive wearable and it is not cheap even when it is a more affordable alternative to the Apple Watch SE. But Apple has now started selling refurbished versions of both models at significant discounts. It is worth noting that at the time of writing both models are available for rebuilding on the US Apple ...

Bangladesh Energy Regulatory Commission (BERC) has reduced the retail prices of liquefied petroleum gas (LPG) at the private sector. As per the new rate, the price of 12kg LPG cylinder fixed at Tk 906 from Tk 975 which is the highest retail price. The new price will be made effective from May 1. BERC Chairman Abdul Jalil informed this at ...

Hit hard again, this time by the second wave of the Covid-19 pandemic, Bangladesh’ssmall and medium enterprises (SMEs) are nowpinning hopes on the upcoming budgetto stayafloat.Not to mention that the survivalof these firms is important as they are one of the major employers in the country’s economy. Ranging fromshort-termliquidity and tax cuts to simple compliance for availing loans and extension ...

Maruti Suzuki said that it is committed to support government in diverting oxygen for saving lives. Maruti Suzuki, the country’s largest car maker, will shut down its manufacturing units in Haryana to make oxygen gas available for medical needs, the company said in a stock exchange filing. Suzuki Motor has also decided to shut down its manufacturing unit in Gujarat, ...