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Industrial police ask textile, RMG units to verify worker information

The Industrial Police (IP) has asked all textile and ready-made garment (RMG) factories to confirm workers’ information provided during their job enrolments. According to official sources, the law-enforcement agency found mismatch in information, especially name and dwelling addresses of workers, in national identity (ID) cards as many of them are mostly fabricated. On December 23, the IP wrote to Bangladesh ...

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12kg LPG cylinder price lowered by Tk 50

The price of 12kg liquefied petroleum gas (LPG) cylinder has been lowered to Tk 1,178 f from Tk 1,228. Bangladesh Energy Regulatory Commission (BERC) announced the new price at a press briefing on Monday. The new price will be effective from 6pm on Monday (December 3). Meanwhile, the price per litre of auto gas has been fixed to Tk 54.95, ...

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Tesla delivers almost 1 mn cars globally

Tesla said Sunday it delivered nearly one million vehicles in 2021, almost twice as many as in the previous year, results that were better than expected despite global supply challenges. The US electric carmaker delivered more than 936,000 cars of all models in 2021, an increase of 87 percent over the previous year, the company said in a statement, reports ...

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Bangladesh raises remittance incentive to 2.5%

The start of the new year has already brought good news for expatriate workers as the Bangladesh government has raised its remittance incentive. The cash bonus for remittances will be increased from 2 percent to 2.5 percent and will take effect from Jan 1, according to a notice from the Ministry of Finance, reports bdnews24.com. The ministry called the decision ...

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Tesla to recall 475,000 cars in the US

Tesla is to recall more than 475,000 cars in the US, according to documents filed with the US safety regulator, BBC reported. The electric vehicle firm announced it was recalling 356,309 vehicles because of potential rear-view camera issues affecting 2017-2020 Model 3 Teslas. A further 119,009 Model S vehicles will also be recalled because of potential problems with the front ...

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Oil prices slip after China cuts import quotas

Oil prices eased on Thursday after the world’s top importer China cut the first batch of crude import allocations for 2022, offsetting the impact of US data showing fuel demand had held up despite soaring Omicron coronavirus infections, reports Reuters. Brent crude futures fell 52 cents, or 0.7%, to $78.71 a barrel at 1022 GMT. US West Texas Intermediate (WTI) ...

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Dhaka International Trade Fair begins Jan 1

Dhaka International Trade Fair (DITF) is set to begin at Purbachal of the capital on January 1 with much expectation to repair scar on economy caused by Covid-19 pandemic. The 26th edition of the trade fair is expected to be inaugurated by Prime Minister Sheikh Hasina. This is for the first time that DITF is going to be held in ...

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More than 100 Japan flights cancelled due to heavy snow

More than 100 domestic flights in Japan were grounded on Sunday due to heavy snow in the northern and western parts of the country, Japan’s two biggest airlines said. ANA Holdings had halted 77 flights as of 1 pm (0400 GMT), affecting about 5,100 passengers, said Yutaka Kitahara, the company’s operations director, Hindustan Times reported. “As the weather situation in ...

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Trade through Benapole land port suspended

Import and export through Benapole land port has been suspended due to Christmas. Import and export activities will resume on Sunday, officials said. Mofizur Rahman Sajan, president of Benapole C&F Agents Association, said that import and export from India through Benapole land port has been suspended on the occasion of Christmas, the main religious festival of the Christians.

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Oil prices may remain at around $75 per barrel in 2022

“The current levels that we see today are quite stable. This is $75 per barrel, plus or minus 10%. It seems to me that next year, these parameters will stay in place,” he said, reports AFP. Novak added that the growth of the world economy and the demand for oil contributes to the prices. “As many agencies and analysts predict ...

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