Business

Amid the concerns over supplies, two more vessels carrying 51,000 tonnes of octane and furnace oil arrived at Chattogram Port on Wednesday (8 April). Of the vessels, Marshall Islands-flagged “MT Central Star” is carrying 26,000 tonnes of octane from Malaysia. Besides, another tanker “MT Eastern Quince” is carrying 25,000 tonnes of furnace oil. Chattogram Port Authority (CPA) Secretary Syed Refayet ...

Gold prices in Bangladesh have been reduced by Tk4,432 per bhori, with the price of 22-carat gold now set at Tk247,977, according to the Bangladesh Jeweller’s Association (BAJUS). In a statement issued on Thursday (9 April) morning, BAJUS said the new prices were fixed considering the overall market situation, particularly a decline in the price of pure gold (tejabi gold) ...

UK house prices fell in March, as the housing market lost momentum amid uncertainty over the conflict in the Middle East and the impact on the economy and interest rates. Figures from Halifax, which is part of Lloyds – Britain’s biggest mortgage lender – showed property prices dipped by 0.5% in March compared with a month earlier. As a result, ...

The government on Tuesday hiked the prices of jet fuel for the second time within two weeks as a worsening global supply crisis puts pressure on prices. The price of jet fuel for domestic travel has been hiked by Tk24.79 to Tk227.08 per litre, announced the Bangladesh Energy Regulatory Commission (BERC) in a notification. The price of jet fuel for ...

A significant development has emerged in the widely discussed Bangladesh Bank reserve heist case, with a court in New York ordering former governor Dr Ahsan H Mansur to provide a deposition. According to an internal document from the Bangladesh Financial Intelligence Unit (BFIU), Dr Mansur is scheduled to give his deposition on 10 April in compliance with the court’s directive. ...

The BNP-led government has set a key target of getting the country to a trillion-dollar economy by 2034, said Finance Minister Amir Khosru Mahmud Chowdhury at a parliamentary session on Monday. To this end, the government is preparing short-, medium-, and long term plans, he said in reply to a question placed by Dhaka-18 lawmaker SM Jahangir Hossain. Citing the ...

After raising prices in four successive rounds, the Bangladesh Jewellers’ Association (BAJUS) has finally decided to reduce gold prices in the domestic market. The organisation has lowered the price of 22-carat gold by Tk2,158 per bhori, setting the new rate at Tk245,819. The revised prices came into effect from 10:00am. BAJUS disclosed the decision in a statement issued on Monday ...

A vessel carrying 34,000 tons of diesel has arrived at Chattogram Port, reinforcing efforts to maintain fuel supply system amid rising demand. The tanker, MT Shan Gang Fa Xian, anchored at the port’s outer harbor early Sunday after transporting refined fuel from Malaysia. Officials expect the shipment to help meet the country’s ongoing energy needs. Port sources confirmed that the ...

The Asian Infrastructure Investment Bank (AIIB) has agreed to provide budgetary support to Bangladesh to help the country tackle its energy crisis and ongoing economic pressures. At the same time, the government is taking initiatives to increase investment and create jobs by reopening closed industrial factories. Finance Minister Amir Khasru Mahmud Chowdhury shared this information on Saturday after a meeting ...

Bangladesh Bank has set new office and transaction hours for all scheduled banks, effective from Sunday, as part of nationwide efforts to conserve fuel and electricity. According to a circular issued on Saturday, bank offices will remain open from 10:00am to 5:00pm, while customer transactions will be conducted from 10:00am to 3:00pm from Sunday through Thursday until further notice. However, ...