Business

State-owned Petrobangla has moved to set up three more liquefied natural gas (LNG) terminals in addition to the existing two currently being operated to regasify imported gas. The proposed three new LNG terminals will be set up in Payra, Moheshkhali and Matarbari whose total regasification capacity would be 2000-3000 MMcf/d, said Petrobangla Chairman Zanendra Nath Sarker, reports UNB. Sarker informed ...

Meat, eggs and milk selling at the government-subsidised prices at mobile shops in the capital are still beyond the reach of low-income people. Only middle- and higher-income people gather the mobile shops run by the fisheries and livestock ministry, which are selling milk, eggs and meat at the subsidised prices. The mobile shops started selling pasteurised liquid milk at Tk ...

A seemingly never-ending political crisis is plunging oil-rich Kuwait’s economy into the mire, affecting basic services and causing mounting public concern. Despite its large oil reserves, hospitals and educational services are in decay as squabbling paralyses the wealthy Gulf region’s only fully elected parliament. Ahmed al-Sarraf, a businessman and newspaper columnist, says his concerns are growing as the country falters. ...

US President Joe Biden sought to reassure investors on Friday, saying banks are “in pretty good shape” after recent turmoil in the financial sector that dragged down stocks. “The banks are in pretty good shape,” he told a news conference during a visit to Ottawa. “I think it’s going to take a little while for things to just calm down, ...

Russia and China are deepening their partnership in nuclear energy and will draw up a roadmap for cooperation in developing so-called fast-neutron reactors for decades to come, Russia’s state-run nuclear energy giant Rosatom announced on Wednesday. According to the company, the comprehensive program lays the ground not only for bilateral cooperation, but will essentially influence the shape of the global ...

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Eastern Bank in association with Visa launched co-branded credit cards Thursday. The co-branded cards will provide financial solutions to BGMEA employees and member organisations with a safer and more convenient payment option. Ali Reza Iftekhar, managing director and CEO of EBL, said: “Today we are launching a sophisticated co-brand card that ...

Oil prices declined on Thursday, snapping a three-day winning streak. The West Texas Intermediate for May delivery dropped 94 cents, or 1.33 percent, to settle at 69.96 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for May delivery lost 78 cents, or 1.02 percent, to close at 75.91 dollars a barrel on the London ICE Futures ...

Amid the prevailing price hike of broiler chickens, the concerned authorities have decided to slash the increased price announcing that it will be sold at Tk 190 to195 per kg at the farm level in the month of Ramadan. The Directorate of National Consumers Right Protection (DNCRP) today summoned the ‘big four’ companies – Kazi Farms, Aftab Bahumukhi Farms Limited, ...

The e-mail server of Biman Bangladesh Airlines, which went under the control of hackers, could not be recovered even after five days. The hackers also demanded a large amount of ransom after taking control of the server following a ransomware attack. Officials of the national flag carrier said Biman’s mail server was infected with ransomware on Friday. Ransomware is a ...

Treasury Secretary Janet Yellen projected calm on Tuesday after recent regional bank collapses but told a gathering of bankers that additional rescue arrangements “could be warranted” if any new failures at smaller institutions jeopardize financial stability. Yellen, who made her remarks at the American Bankers Association, said that overall “the situation is stabilizing.” “And the U.S. banking system remains sound,” ...