Business

The price of bottled soybean oil has been hiked by Tk 12 to Tk 199 a litre. The new prices have been made effective from today, said Bangladesh Vegetable Oil Refiners’ and Vanaspati Manufacturers’ Association. Earlier, the price of per litre of bottled soybean oil was Tk190.

Bangladesh’s exports extended its losing streak for the second month in a row by plunging 16.52 per cent from a year earlier in April, relevant data revealed on Wednesday. The country’s overall outbound shipments reached $3.9 million in April, compared to $4.7 million from a year ago, according to data released by the Export Promotion Bureau (EPB) under the Ministry ...

Fully foreign and joint venture investment proposals with Bangladesh Investment Development Authority (BIDA) rose by 126.06 percent (Taka 28,086.31 million) during the January-March quarter in 2023 compared to the same period of the preceding year 2022. During this January-March period, BIDA received some 231 investment proposals involving Taka 1,67,862.49 million, according to the latest data of the authority. BIDA received ...

Samsung Electronics is banning employees in its mobile and appliances division from using generative AI services such as ChatGPT, the company said on Tuesday, after instances of “misuse” of the technology, reports AFP from Seoul. Interest in artificial intelligence chatbots has soared since the Microsoft-backed ChatGPT debuted in November. ChatGPT caused a global sensation for generating essays, songs, exams and ...

A number of countries participating in the OPEC+ agreement have voluntarily reduced their oil production beginning from May 1 and until the end of the year and the total oil output downfall is now estimated at 1.66 million barrels per day. The OPEC+ countries at the issue announced on April 2 voluntary reduction in oil output until 2024. Saudi Arabia ...

US financial authorities have taken possession of California’s troubled First Republic Bank, which will be acquired by JPMorgan Chase bank, government regulators announced Monday after rescue efforts failed. “To protect depositors, the FDIC is entering into a purchase and assumption agreement with JPMorgan Chase Bank, National Association, Columbus, Ohio, to assume all of the deposits and substantially all of the ...

The Board of Directors of NRBC Bank Limited has recommended a 12 percent dividend comprising 7.50 percent cash and 4.5 percent stock dividend for the shareholders for 2022. The issue will be placed to the approval of the 10th Annual General Meeting of the Bank. The decision was adopted in the 162nd meeting of the Board of Directors, held on ...

Shares of First Republic fell further into an abyss Friday amid mounting speculation over the US regional bank’s way forward after it reported a big fall in deposits. After dropping more than 50 percent earlier on Friday, shares of First Republic finished the day at $3.51, down 43 percent following numerous trading halts due to volatility. Now worth only about ...

Bulgaria, Hungary, Poland, Romania and Slovakia have agreed a deal to allow the transit of Ukrainian food exports, the European Commission said Friday, after temporary bans were imposed on the foodstuffs amid farmer protests. Russia’s invasion has severely limited the traditional export channel of Ukrainian grain via the Black Sea, necessitating export overland via Ukraine’s neighbours. Member states agreed to ...

Sony reported record full-year sales of 11.5 trillion yen on Friday, attributing the “significant” increase to growth in the gaming, music, film and image-sensor sectors. The revenue figure was the largest ever for the Japanese conglomerate, beating the last financial year’s record of 9.9 trillion yen ($73 billion). A weaker yen and strong gaming hardware sales helped boost sales, along ...