Business

The euro sunk below $0.99 on Monday, a 20-year-low, following the announcement last week that Russia would cut off gas deliveries to Germany via the Nord Stream pipeline. The euro fell 0.70 percent to 0.9884 dollars Monday at 0535 GMT, its lowest since December 2002. The European currency has continued to weaken against the dollar since the start of the ...

The world’s largest ride-sharing company Uber contributed Tk 45 billion to Bangladesh economy in the year of 2021, said a report. UK-based policy research firm named Public First researched and compiled Uber’s 2021 Bangladesh Economic Impact Report and released the outcome on Sunday. The way as to how Uber helped transform the on-demand economy for riders, driver partners, and the ...

The project for upgradation of Mongla Port, being taken up under the third Indian Line of Credit (LoC), would greatly boost the revenue generation and improve the sub-regional connectivity, trade and commerce and accelerate growth of the entire region. With the development of the Khulna-Mongla Port rail project, the development of this port will add to the maritime links for ...

The Board of Directors of NCC Bank Ltd. has re-elected Md. Abul Bashar as chairman for the next one year and Sohela Hossain elected as vice Chairman of the Bank. Chairman Md. Abul Bashar completed his B.Sc. in Management Information System from USA. He started pursuing his family business endeavors with Prime Group of Industries shouldering its responsibilities holding position ...

Food Friendly Programme (FFP)’ and sale of rice at Taka 30 per kg under the open market sale (OMS) for low-income people began across the country on Thursday. “The government has started ‘Food Friendly Programme (FFP)’ and open market sale of rice from today as per the directives of the Prime Minister Sheikh Hasina,” said an official of the food ...

Chinese firm China Communication Construction Company Limited (CCCCL) will be appointed as service provider for the Bangabandhu Sheikh Mujibur Rahman Tunnel under Karnaphuli River in Chattagram. Cabinet Committee on Government Purchase (CCGP) at a meeting approved a proposal in this regard on Wednesday. The same company has been engaged by the government to build the tunnel and its associated infrastructure. ...

The unit-1 of the 2x660MW Maitree Super Thermal Power Project at Rampal will go into commercial run in October, raising further the country’s electricity generation capacity, as all necessary steps, including successful synchronization with the national grid, have already been completed. In a major step in further strengthening India-Bangladesh Power Sector Cooperation, Unit-I of the 2×660 MW Maitree Super Thermal ...

The government has cut the prices of diesel, petrol, octane and kerosene by Tk 5 per litre apparently to tame the commodity market which became volatile after the fuel got costlier. The Ministry of Power, Energy and Mineral Resources issued a gazette notification on Monday night in this regard. Earlier in the day, Power, Energy and Mineral Resources Nasrul Hamid ...

Bangladesh’s petrol pump owners have decided to give the government until September 12 to fulfil their list of five demands, including higher sales commissions. If their demands are not met by then, a ‘symbolic strike’ will be enforced at petrol pumps across the country from dawn to 11 am on September 13, according to them. The Petrol Pump Owners Association ...

Rupali Bank Limited has appointed Mohammad Jahangir as the new managing director (MD) and chief executive officer. He joined at the post through a circular from the Financial Institutions division of the Ministry of Finance. Mohammad Jahangir was born at Kabirhat upazila in Noakhali district. He received M.com (Management) degree and MBA on Finance from Dhaka University. Jahangir started his ...