Business

After discussions with the government, traders have decided to raise the prices of edible oils in the domestic market, following the cancellation of an earlier plan to increase soybean oil by Tk 9 per litre. According to a media release issued on Sunday by Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association, the price hike will take effect from Monday. ...

Mobile phone traders have blocked the road in front of the Bangladesh Telecommunication Regulatory Commission office in the city’s Agargaon on Sunday demanding reforms to the National Equipment Identity Register (NEIR) system and unrestricted access to mobile phone imports. Under the banner of ‘Mobile Business Community Bangladesh,’ the traders were taking position on the road adjacent to BTRC building around ...

Global payment gateway PayPal is preparing to begin operations in the country soon, a development that will significantly ease international transactions for the country’s freelancers and small entrepreneurs, Bangladesh Bank Governor Dr Ahsan H Mansur said on Tuesday. Speaking as the chief guest at Agro Award 2025 event at Dhaka’s InterContinental Hotel, the governor said PayPal has expressed formal interest ...

Commerce, Textile and Jute, and Civil Aviation and Tourism Adviser Sk. Bashir Uddin has emphasized that the government will avoid misguided or emotion-driven decisions in the textile sector, noting that such approaches had negatively impacted the jute industry in the past. Speaking on Thursday as the chief guest at a seminar at Jute Diversification Promotion Centre (JDPC) in Dhaka, marking ...

The High Court has delivered a split verdict over the legality of the ongoing process of the agreement between the Chittagong Port Authority (CPA) and a foreign company for operating the New Mooring Container Terminal (NCT). Senior judge of the bench Justice Fatema Nazib declared the agreement process illegal, while junior judge Justice Fatema Anwar declared the process legal. On ...

Commerce Adviser Sk Bashir Uddin has said that traders raised edible oil prices without notifying the government. ”They did not discuss the matter with the ministry.” Businessmen have raised the price of edible oil in the market without obtaining approval from the ministry, increasing the price of bottled soybean oil by Tk 9 per litre. Bashir Uddin said, “The government ...

Online retailers Shein and Temu are facing increased pressure in the US after two senior politicians pushed for investigations, including into claims of forced labour and intellectual property (IP) theft. In Texas, the state’s Attorney General Ken Paxton launched a probe into allegations of forced labour and the use of unsafe materials at Shein. At a national level, Senator Tom ...

Sammilita Islami Bank PLC; the new entity formed through the merger of five financially distressed Islamic banks, has received its final approval from Bangladesh Bank. The approval was granted on Sunday at a special board meeting chaired by Bangladesh Bank Governor Dr Ahsan H Mansur. The newly formed bank is expected to begin full-scale operations in the first week of ...

The government has raised fuel prices by Tk 2 per litre for Diesel, Octane and Kerosene, with the new rates coming into effect on Monday (December 1). In a statement issued on Sunday, Ministry of Power, Energy and Mineral Resources announced the revised prices: Diesel will now cost Tk104 per litre (up from Tk102), Octane Tk124 (up from Tk122), Petrol ...

Bangladesh Jewellers Association (BAJUS) has announced an increase in gold prices, pushing the price of high-quality 22-carat gold above Tk 2,10,000 per bhori. The price hike, ranging up to Tk 2,403 per bhori, will take effect from Sunday. According to BAJUS, the adjustment aligns local gold rates with the international market, where gold has surged above $4,200 per ounce. The ...