Business

Fuel oil sales at petrol pumps in the capital were seen normal on Sunday morning, though a section of fuel traders started their strike to press home their three-point demands, including raising sales commission to 7.5 per cent. As a result, the extraction of fuel oil from three state-owned depots in Khulna has been stopped and the supply of fuel ...

Country’s renowned economist and former adviser to the caretaker government Dr Wahiduddin Mahmud on Saturday said that priority should be given now on how the poorer section in the country could lead their lives in comfort. “Economic recession is going on all over the world. Bangladesh also faces various economic challenges. In such a situation, we should focus more on ...

State Minister for Civil Aviation and Tourism Md Mahbub Ali on Friday night inaugurated national flag carrier Biman’s Dhaka-Narita (Tokyo) direct flight at Hazrat Shahjalal International Airport (HSIA) in Dhaka. The inaugural flight took off from Dhaka around 11:45 pm local time and will reach Narita International Airport in Japan on September 2 at 9:15am local time (6.15am BDST). The ...

UK defence giant BAE Systems has set up a local entity in Ukraine and signed deals to help ramp up supplies of weapons and equipment to Kyiv. The firm says the move will allow it to work directly with Ukraine to explore potential partners and ultimately produce light artillery there. BAE has made much of the arms the UK and ...

Volume of bilateral trade between Japan and Bangladesh will reach a new height soon, speakers said on Wednesday. They made their observation in a discussion organised by the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI), on Wednesday jointly with the Japan External Trade Organisation (JETRO) to unveil the 2022-JETRO Survey on Business Conditions of Japanese Companies in Asia and ...

The World Bank has approved a $200 million loan to help improve primary healthcare services and prevent mosquito-borne diseases like dengue in Bangladesh. The loan was approved on Wednesday (August 30). It will help improve primary healthcare services for treatment, prevention and referral for common illnesses including mosquito-borne diseases like dengue and medical waste management in Dhaka North and South ...

The government will purchase 40 lakh litres of rice bran oil and 6,000 tonnes of lentil from the country’s domestic market for the state-owned Trading Corporation of Bangladesh (TCB). Sayeed Mahbub Khan, additional secretary to the cabinet division, said the cabinet committee on public purchase on Wednesday approved the proposals for purchasing the rice bran oil and lentils. The oil ...

The International Monetary Fund on Tuesday said its August 2021 allocation of $650 billion in Special Drawing Rights helped countries cope with the COVID pandemic and averted worse outcomes, but cautioned against rushing into future allocations. “While an SDR allocation is a very useful and important mechanism to build confidence and strengthen global economic and financial resilience, it is not ...

The government will provide an incentive of Tk 16.20 crore to some 18,000 small and marginal farmers of the country to increase the cultivation and production of summer onion (late variety) in the 2nd phase of 2023-24 fiscal year. Under the incentive, each farmer will get 1 kilogram of seed of summer onion Nabee (late) variety, 20 kg of DAP ...

Air passengers across Europe faced potential delays on Monday after the UK’s air traffic control system suffered a “technical issue” resulting in restrictions on flights. Britain’s National Air Traffic Services (NATS) said that UK airspace would remain open while it tried to resolve the problem. “We have had to apply air traffic flow restrictions which ensures we can maintain safety,” ...