Business

Bangladesh on Tuesday exported a locally built 6100-ton load capacity high-speed multipurpose container ship to the UK. This is the largest container ship built in the country that has been exported, according to the ship’s builder. Ananda Shipyard, a Bangladeshi shipbuilding company, has built the ship as per the requirements of UK-based Enzian Shipping Company Ltd. The vessel was officially ...

Bangladesh Bank (BB), the central bank of the country, has raised the inter-bank exchange rate to Tk 96 for per dollar The rate was increased by Tk 1 on Monday after banks decided to monetise expatriate income at Tk 108 and export bill at Tk 99 on Sunday. The central bank sold the dollar of worth Tk 6.5 crore to ...

Nasir Uddin Biswas, chairman and managing director of Nasir Group, one of the country’s leading industrial groups, has passed away. He breathed his last at about 11.00 am on Monday while undergoing treatment at Evercare Hospital in the capital. Nasir Uddin established Nasir Group in 1977.

Trading Corporation of Bangladesh (TCB) on Sunday (September 11) started selling sugar, lentil and soybean oil at subsidised prices to one crore low-income families. Commerce Ministry senior secretary Tapon Kanti Ghosh inaugurated the programme in Tejgaon’s Begunbari area in the capital this morning. He said, “Around 5 crore people in the country are being benefited through this programme. The products ...

Bangladesh Jewellers’ Association (Bajus) has increased the price of gold record high in the country’s market again by Tk 1,285. The price of 22-carat gold has been fixed at Tk 84,564, which was sold at Tk 83,280 till Saturday. It is the highest price in the country’s gold market. It was confirmed in a press release, signed by Enamul Huque ...

Commerce Minister Tipu Munshi has expressed hope that the price of soybean oil will be dropped within next two months. He said, “The price of soybean oil has dropped in the global market, but the price of the dollar has increased in the country. The price of oil in the world market is adjusted with the price of the dollar. ...

Gas and electricity costs are soaring due to a post-pandemic surge in demand and Russia’s invasion of Ukraine, creating an energy crisis of a magnitude unseen in half a century. As EU energy ministers hold emergency talks on Friday, here is a look at the challenges and options countries from Britain to Sri Lanka are facing: – Massive bills – ...

Apple Inc introduced a range of new iPhone 14 models capable of sending a call for help via satellite during an emergency, as well as the crash-detection ability and an adventure-focused Ultra Watch. The iPhone 14 models will test Apple’s ability to wring dollars from its relatively affluent customer base, which has kept spending in the face of rising inflation ...

Liquefied petroleum gas (LPG) price has been raised by Tk 16 to Tk 1,235 per 12-kg cylinder at the retail level. Bangladesh Energy Regulatory Commission (BERC) has hiked the price due to high rate of dollar exchange. It announced the new price at a virtual press briefing on Wednesday.Now, a 12kg cylinder will be sold at Tk 1,235, which was ...

Australia’s central bank hiked interest rates to a near eight-year high Tuesday as it joins others in trying to bring down sky-high inflation and warned further increases were likely that would hit families’ pockets. The Reserve Bank of Australia lifted borrowing costs 50 basis points to 2.35 per cent, the highest since that start of 2015, reports AFP.   The ...