Business

Billionaire Gautam Adani’s group will acquire the remaining 51per cent stake in Quintillion Business Media Pvt Ltd, the firm that runs business and financial news digital media platform BQ Prime. BQ Prime was earlier known as Bloomberg Quint, a former joint venture between US-based financial news agency Bloomberg Media and Raghav Bahl’s Quintillion Media. Last year, Bloomberg exited the agreement ...

The Asian Development Bank (ADB) and the government of Bangladesh on Sunday signed an agreement for US$190 million in additional loan for the ongoing Rural Connectivity Improvement Project that is upgrading rural roads, making agricultural areas more productive, and improving socioeconomic centers in rural Bangladesh. Sharifa Khan, secretary of Economic Relations Division, and Edimon Ginting, ADB Country Director for Bangladesh, ...

The prices of soybean oil and sugar have been lowered “in response to a decline in the import cost in the international market.” With the latest adjustment, the price of bottled soybean oil has been reduced by Tk 5 to Tk 174 per litre and also reduced the prices of packaged sugar by Tk 5 to Tk 135. The Bangladesh ...

Commerce Minister Tipu Munshi has said that if the price does not come down, the decision to import eggs will be taken. “We will allow the Ministry of Fisheries and Livestock to import eggs, if they ask for permission.” The minister came up with the information while inaugurating the sale of TCB products to 1 crore family card holders in ...

The state-run Trading Corporation of Bangladesh (TCB) will start selling essentials from Sunday at subsidised prices as part of its selling operations for the month of August. The TCB will sell such essential items among some one crore family card holders across the country. However, buyers will not receive sugar this time. Commerce Minister Tipu Munshi will formally inaugurate the ...

Three business organisation in Kaptan Bazar were fined Tk 30,000 for not mentioning the price of eggs in purchase and Sales receipts. Directorate of National Consumer Rights Protection, led by Dhaka district office assistant director Md Abdul Jabbar Mandal, conducted the drive on Saturday anf fined the egg traders the amount. Mostafiz Traders and Jahirul Haque Traders have been fined ...

OPEC member-states (except Iran, Libya and Venezuela) participating in the OPEC+ deal reduced oil production in July by 912,000 barrels daily to 22.6 mln barrels per day, largely on account of the voluntary production cuts by Saudi Arabia, according to the OPEC report released in August, TASS reported. Ten OPEC countries were to reduce oil production by 1.273 mln barrels ...

US-Bangla Airlines is set to increase the number of its flights to Chinese province of Guanzhou and Thailand’s Bangkok from September 1. US-Bangla Airlines is going to operate five flights a week on the Dhaka-Guangzhou route from 1 September as per the plan, after the post-Covid passenger demand and various restrictions of Covid were lifted, according to a press release. ...

South Korean company Giant BD Footwear Ltd is going to invest $ 9.39 million to set up a shoe and shoe accessories manufacturing industry in BEPZA Economic Zone (BEPZA EZ). Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with the company to this effect at BEPZA Complex, Dhaka on Thursday, an official release said. Ali Reza Mazid, Member (Investment ...

A significant achievement has been gained in the journey towards sustainable industrialisation, as the nation celebrates the certification of its 200th LEED Green Factory by the US Green Building Council (USGBC). This remarkable milestone underscores Bangladesh’s steadfast commitment to environmental stewardship, economic growth, and global competitiveness. LEED (Leadership in Energy and Environmental Design) certification is internationally recognised as a symbol ...