Business

Internet users will face partial interruptions for an hour from around 3am-4am on Friday due maintenance work on the second submarine cable, said Bangladesh Submarine Cables PLC (BSCPLC). BSCPLC in a release on Thursday said maintenance work will be performed on the South East Asia-Middle East-Western Europe 5 (SEA-ME-WE 5) submarine cable installed in Kuakata. For this, the users are ...

Bottled soyabean oil price has been fixed at Tk 167 per litre raising by Tk 4, while the unpackaged soyabean oil price has been fixed at Tk 147 per litre lowering by Tk 2. The newly fixed prices will be effective from Friday (April 19). State Minister for Commerce Ahsanul Islam Titu stated it while briefing media at his secretariat ...

Boeing defended its safety practices Monday, touting aircraft testing protocols as it girds for a tough congressional hearing featuring critics of the embattled aviation giant, reports AFP. “Boeing is confident in the safety and durability of the 787 and 777,” the company said in a powerpoint presentation accompanying a media briefing with two senior engineers, who summarized exhaustive testing procedures ...

Traders have proposed increasing the prices of edible oil by Tk 10 per litre as the tax exemption deadline on it expired on April 15. Bangladesh Vegetables Oil Refiners’ and Vanaspati Manufacturer’s Association (BVORVMFA) sent a letter to the senior secretary of the commerce ministry in this regard on Monday. The letter was issued by executive officer of BVORVMFA Nurul ...

Bangladesh’s gross domestic product (GDP) growth in the second quarter of the current fiscal year, 2023-24, has been estimated at 3.78 percent. Bangladesh Bureau of Statistics (BBS) on Monday revealed this information as the quarterly growth in the second quarter (October-December 2023). According to BBS, based on currently available data, the GDP estimates for the second quarter of the FY ...

All government and private offices, courts, banks-stock markets reopened on Monday (April 15) after five days’ of Eid-ul-Fitr and Pahela Baishakh vacation. The clients will be able to do banking transactions as usual from 10am-3:30pm. But the banks will remain open till 5pm. Presence of officials and employees at the Secretariat were seen fewer in number on the first day. ...

After 6 days of Eid and Pahela Baisakh vacation, offices, courts, banks-stock markets are set to open on Monday.m The holidaymakers are arriving in the capital after celebrating Eid-ul-Fitr on Thursday, the biggest religious festival of the Muslim community. On the occasion of Eid, April 10, 11, and 12 (Wednesday, Thursday, and Friday) were public holidays. After Eid, there was ...

The metro rail resumed its service on Saturday after a two-day closure. The service was suspended on Thursday on the occasion of Eid, and Friday was the weekly closure. As the metro rail service resumed, commuters can expect the usual schedule to be reinstated. The first train of the day departed from Uttara North Station bound for Motijheel Station at ...

Oil prices rose in early trade on Friday on heightened tensions in the Middle East, where Iran has promised to retaliate for a suspected Israeli air strike on its embassy in Syria, which could risk disruptions to supply from the oil producing region. Brent crude futures LCOc1 climbed 34 cents, or 0.38%, to $90.08 a barrel, while US West Texas ...

Asian Development Bank (ADB) has predicted Bangladesh’s economy to grow 6.1 percent in the 2023-24 fiscal year (FY), ending on 30 June 2024. In its April 2024 Asian Development Outlook, published on Thursday (11 April), the Manila-based lender said the country’s gross domestic product (GDP) may grow 6.6 percent in the upcoming 2024-25 FY. “In Bangladesh, garment exports will push ...