Business

Oil prices surged more than five per cent Tuesday as several countries pushed back against Donald Trump’s demand that they help secure the key Strait of Hormuz, while Iran continued to target crude-producing neighbours. They recovered the previous day’s sharp losses that came after the head of the International Energy Agency (IEA) said more stockpiles could be tapped if needed. ...

Mohammad Ayub Mia, chairman of state-owned Sammilito Islami Bank PLC, has resigned. He submitted his resignation letter to the Secretary of the Financial Institutions Division (FID) under the Ministry of Finance on Monday. In his resignation letter, Ayub Mia, a former government secretary, cited personal reasons for stepping down. He was appointed as the bank’s first chairman on December 7 ...

People started buying fuel as per their demand from Sunday morning as the government lifted limits on fuel purchase following increase of supply. In a statement issued today, the Ministry of Power, Energy and Mineral Resources said the restrictions have been lifted to facilitate smooth travel during the upcoming Eid holidays and to support farmers’ fuel needs during the ongoing ...

Gold prices in Bangladesh have dropped for the third consecutive day, with the price of the highest quality 22-carat gold reduced by Tk2,685 per bhori (11.664 grams). The new price has been set at Tk262,265 per bhori, according to the Bangladesh Jewellers Association (BAJUS). BAJUS said the revised price would come into effect from 10:00am on Saturday. The decision was ...

Bangladesh’s construction and real estate sectors are growing at a remarkable pace. Residential complexes, commercial developments, and public infrastructure projects are reshaping cities and towns across the country. At the heart of this transformation is a rising demand for high-quality bathroom solutions by Charu that combine hygiene, durability, and modern design. Charu Ceramic is stepping up to meet that demand, ...

International Monetary Fund (IMF) Resident Representative in Bangladesh Maxym Kryshko on Thursday reiterated the organisation’s commitment to continuing close cooperation with the country. He made the remarks during a courtesy meeting with Governor of Bangladesh Bank at the central bank’s headquarters in Dhaka. Deputy Governor Md Habibur Rahman was also present at the meeting. During the discussion, Kryshko congratulated the ...

New Zealand’s national airline said Thursday it would cancel 1,100 flights over the next two months, pointing to the impact of the war in the Middle East. Air New Zealand chief executive Nikhil Ravishankar said around five percent of its flights will be cancelled, affecting 44,000 passengers. The cancelled flights are mostly on domestic routes within New Zealand but will ...

A total of 24 flights were cancelled on Wednesday (March 11) at Hazrat Shahjalal International Airport due to the ongoing security situation in the Middle East. Amid the escalating conflict in the region, Iran, Iraq, Kuwait, the United Arab Emirates, Bahrain, Qatar and Jordan announced the temporary closure of their airspace starting February 28 as a precautionary measure. The decision ...

Amid the ongoing global disruptions, 5,000 metric tonnes of diesel are coming to Bangladesh from India through a pipeline. According to Bangladesh Petroleum Corporation (BPC) sources, this fuel is expected to reach the Parbatipur depot in Dinajpur from the Numaligarh refinery in India’s Assam through the Bangladesh-India Friendship Pipeline. It said the pumping process to send the diesel from India ...

The price of the main US benchmark for oil surged more than 30 percent on Monday over concerns that the Middle East war could create prolonged supply disruptions. At 0230 GMT West Texas Intermediate (WTI) was up 30.04 percent at $118.21 per barrel, before easing slightly, while Brent Crude was 27.54 percent higher at $118.22.