Business

Bangladesh’s interim government has accused energy supplier Adani Power of breaching a multi-billion-dollar agreement by withholding tax benefits that a power plant central to the deal received from New Delhi, according to documents seen by Reuters. In 2017, the Indian company controlled by billionaire Gautam Adani signed an agreement with Bangladesh to provide power from its coal-fired plant in eastern ...

The UK inflation rate has gone up for the second month in a row, with prices rising at their fastest pace since March. Inflation hit 2.6% in the year to November, according to official figures. Fuel and clothing were among the main drivers behind the rise. Increasing ticket prices for gigs and plays were also a factor. Analysts say the ...

Bangladesh’s people got the opportunity to use mobile phones for the first time through Citycell. By providing the country’s people with the first mobile phone service, Citycell ushered in a new technological era. Now, Citycell wants to resume operations with modern technology. It has already applied for license. PBTL applied to the Bangladesh Telecommunication Regulatory Commission (BTRC) in August to ...

Bangladesh Bank (BB) Governor Dr Ahsan H Mansur said the current account, a key component of the country’s balance of payments, is maintaining a virtual balance after four months of the new government led by Nobel Laureate Professor Dr Muhammad Yunus. “There was a deficiency in the balance of payments, our reserve was falling, and our currency was depreciating rapidly. ...

Pay growth has picked up for the first time in more than a year, the latest official figures show. Regular pay grew at a faster-than-expected annual pace of 5.2% between August and October, the Office for National Statistics (ONS) said, with wages continuing to grow faster than prices. Analysts say the latest figures mean the Bank of England will almost ...

Bangladesh Bank has announced a new age limit for entry-level positions in banks, aligning it with the government’s updated age limit for public sector jobs. In a notification issued by Mohammad Shahriar Siddiqui, Director of Bangladesh Bank’s Banking Regulation and Policy Department (BRPD), the central bank has set the maximum age for direct recruitment in government and private banks at ...

The Dhaka Stock Exchange (DSE), the country’s primary capital market, started the week on a positive note, with its benchmark index rising 30.88 points within the first hour of trading on Sunday. Trading data showed that 1.98 crore shares and units were exchanged in 20,417 transactions during this period, generating a turnover of Tk 58.3 crore, reports UNB. Out of ...

Following the withdrawal of customs duty, 3,320 metric tons of rice have been imported from India through Benapole land port in Jashore in 25 days. Rice imports resumed on November 17 after a two-year break, following the government’s decision to lift the customs duty. The last consignment, consisting of 105 metric tons, arrived, in the port at around 10PM on ...

The jewellers have cut gold prices by Tk 1,773 a bhori (11.664g) for the domestic market thanks to a drop in the rates of pure gold in the local market. The new prices will be effective from Monday (December 15). It will remain in effect until further notice, said Bangladesh Jewellers Association (Bajus) press release. The price of each bhori ...

The benchmark index of the stock markets plunged into losing territory last week as investors became anxious about the market’s momentum. The jittery investors continued to offload their shares amid repeated regulatory actions against stock manipulations. Market analysts attribute the recent decline in stock market activity to a combination of factors, including waning investor confidence and heightened uncertainty. This sentiment ...