Business

Dhaka metro rail compartments were seen brimming with commuters this morning, just a day after Prime Minister Sheikh Hasina inaugurated the Agargaon-Motijheel route. This occurred simultaneously with reports of arson violence across the capital amidst a 48-hour road, rail, and waterways blockade organized by BNP, Jamaat, and other like-minded opposition parties nationwide. Commuters in Dhaka were boarding the train in ...

One of the world’s biggest shipping firms is to cut 3,500 more jobs due to lower freight rates and demand, BBC reports. AP Moller-Maersk already cut 6,500 roles earlier this year as part of “rigorous cost containment measures” but said more redundancies were needed. The firm, which transports goods for major retailers such as Nike, said profits had plunged by ...

Following the government’s decision to allow imports of potatoes to bring down prices in local markets, a total of 77 tonnes of the goods have been imported into the country in the last three days According to the Ministry of Agriculture, the government has granted permission for the import of 1.07 lakh tonnes of potatoes, but as of now, only ...

The Bank of England kept its main interest rate unchanged on Thursday at the 15-year high of 5.25% and indicated that borrowing costs will likely remain at these sort of elevated levels for a while, especially if oil and gas prices increase sharply because of the Israel-Hamas war. In a statement, the bank’s nine-member Monetary Policy Committee indicated that inflation, ...

Bangladesh Energy Regulatory Commission (BERC) has increased the prices of 12kg liquified petroleum gas (LPG) cylinders by Tk 18 to Tk 1,381 for the month of November. Besides, at the consumer level, the price of autogas has been adjusted to Tk 63.36 per kg, including VAT. The new prices will come into effect from 6pm Thursday (November 2), BERC chairman ...

Demanding a minimum basic salary of Tk 23,000, the agitating garment workers took position in Mirpur of the capital on Thursday for the fourth consecutive day. At 8am, they first brought out a procession in Mirpur-10 and, later, was going ahead towards Mirpur-12 bus stand. A chase and counter-chase took place between the RMG workers and the police in Mirpur-12. ...

The National Board of Revenue (NBR) has issued a circular halving the customs duty on sugar import in a bid to reduce the price of such essential item and also to bring stability in the market. The circular, signed by NBR Chairman, said that the import duty of sugar having high test and colourless non-refined sugar has been fixed at ...

The commerce ministry has directed all the district commissioners to ensure sale of potatoes at Tk 26-27 per kg from Wednesday at cold storages. The ministry issued a circular in this regard on Monday, Md Haider Ali, public relation officer of the ministry, confirmed it on Tuesday. The circular was issued in accordance with the 3 (2) (B) of The ...

The authorities collected Tk 7.1 lakh as toll on the second day as some 3200 vehicles went through the tunnel under the Karnaphuli River till 6 pm on Monday. Belayet Hossain, director of Bangabandhu Tunnel, (toll division), said some 3205 vehicles went through the Bangabandhu tunnel from 6 am to 6 pm on Monday and during this period, Tk 7.1 ...

Despite solid growth, South Asia faces a risky outlook, the World Bank said in its latest regional economic update, urging countries to fully capitalize on the global energy transition to help boost growth. “Toward Faster, Cleaner Growth” is the subject of a two-day conference organized by the Brac Institute of Governance and Development (BIGD) and the World Bank. Opening on Monday, ...