Business

After raising the prices of 12kg of LPG cylinder four consecutive times, the price has been lowered by Tk 1 at consumer level for the month of November. The price of a 12kg LPG cylinder has been fixed at Tk 1,455 for the month of November, down by Tk 1 from Tk 1,456 the previous month. Bangladesh Energy Regulatory Commission ...

The dollar slid on Monday as investors braced for a potential pivot this week for the global economy as the United States chooses a new leader, and as it likely cuts interest rates again with major implications for bond yields, reports Reuters. The euro extended an early climb to be up 0.5% at $1.0891 and looked set to test resistance ...

Sainsbury’s has said it will match the price of up to 200 Aldi products in its smaller stores as it battles rivals to get more customers in its convenience stores. Shopping locally for groceries may be handy but people who rely on convenience stores can end up paying far more. Campaigners have criticised retailers for not doing enough to close ...

In response to recent reports suggesting a payment deadline for Bangladesh, Adani Group clarified on Sunday that it has not demanded full payment of outstanding dues within a seven-day period. Instead, the group emphasized its ongoing cooperation with the Bangladesh Power Development Board (BPDB) to address and resolve any issues related to payments, according to a statement from its PR ...

A Chinese company ‘Xingchen Textile Co Ltd’ is set to invest US$ 35.03 million to establish a textile industry in the Mongla Export Processing Zone (Mongla EPZ). The company will produce 20,000 metric tons of yarn and 12,000 metric tons of woven fabrics annually by recycling garment wastage, commonly known as ‘Jhut’, said a press release. Bangladesh Export Processing Zones ...

Bangladesh has significant potential for mobilising revenue collection, as highlighted by a recent official assessment on revenue buoyancy, a measure reflecting how tax revenues respond to economic growth. Revenue buoyancy, the responsiveness of revenues to gross domestic product (GDP), is a critical metric for gauging the performance of a revenue system and the forecast for revenue growth. A buoyancy coefficient ...

    A star-studded awards ceremony has hailed the UK’s top curry chefs – amid a warning that, with- out continued Government support, the future of the nation’s favorite dish could be thrown into doubt. Chefs and restaurants from across the country were honored at the annual Bangladesh Caterers Association awards dinner at the InterContinental London at The O2 on ...

The government has reduced the retail prices of diesel and kerosene by Tk 0.50 to Tk 105 per litre from Tk105.50 for the month of November. However, the prices of octane and petrol were remained unchanged at Tk125 and Tk121 per litre respectively. The Ministry of Power, Energy, and Mineral Resources through a press release on Thursday confirmed the price ...

The ban on using polythene and polypropylene bags in all markets across the country officially began from Friday (November 1). On September 24, interim government advisor on environment, forest, and climate change, Syeda Rizwana Hasan, announced that from November 1, all types of plastic bags would be prohibited, and no customer should be given such bags. The Department of Environment ...

Leading apparel businessman of the country Kutubuddin Ahmed, Chairman of Sheltech Group, Envoy Legacy and Envoy Textiles Ltd. has been appointed as the Honorary Consul of the Democratic Republic of Timor-Leste in Bangladesh. In a letter of patent, Bendito dos Santos Freitas, the Minister of Foreign Affairs and Cooperation of Timor-Leste, stated: “I hereby appoint Kutubuddin Ahmed as the Honorary ...