Business

Saudi Crown Prince and Prime Minister Mohammad Bin Salman has said the kingdom would work together with Bangladesh to enhance cooperation in all possible areas. He made this assurance at a meeting with Bangladesh Prime Minister Sheikh Hasina on the sidelines of the G20 summit on Sunday morning in New Delhi, reports UNB. According to the Foreign Ministry of Bangladesh, ...

The benchmark index of international food commodity prices has declined 2.1 percent compared to July, the United Nations Food and Agriculture Organization (FAO) said Friday. The prices of rice, however, surged by 9.8 percent in August to a 15-year high compared to a month earlier. The increase was triggered by India’s rice export ban from July, complicated by a seasonal ...

The United States is “carefully” monitoring China’s challenges, US Treasury Secretary Janet Yellen said Friday, as the slowdown in the world’s second largest economy raises concerns for global growth, reports AFP. Many are worried about the Asian giant’s struggles, with the threat of recession in Europe and high inflation in many major economies contributing to a plunge in demand for ...

The government will import two cargoes of Liquefied Natural Gas (LNG) from the international spot market at a total cost of Taka 1,269.8 crore. Cabinet Committee on Government Purchase on Thursday approved two separate proposals of state-owned Petrobangla, placed by the Energy and Mineral Resources Division, UNB reports. Both the proposals were approved as unsolicited offers on the basis of ...

Car giant Toyota on Wednesday blamed a shutdown of all its factories in Japan last month on a system malfunction caused by “insufficient disk space”. The world’s top-selling automaker said the one-day stoppage on August 29 at all 14 of its domestic plants happened after servers that process parts orders broke down following a maintenance procedure. During this operation “data ...

The global trade finance gap grew to a record 2.5 trillion U.S dollars in 2022 from 1.7 trillion dollars two years earlier, as rising interest rates, flagging economic prospects, inflation, and geopolitical volatility reduced the capacity of banks to deliver trade financing, according to the 2023 Trade Finance Gaps, Growth and Jobs Survey released by the Asian Development Bank (ADB) ...

During the month of August in the fiscal 2023-24, expatriate Bangladeshis sent around US $ 1,599.45 million remittances. As per Bangladesh Bank (BB) available data, state-owned banks brought in $183.19 million while 43 private sector banks brought $1,376.02 million remittances. The highest $340.17 million remittance came to the country through Islami Bank Bangladesh Ltd.

The price of 12kg liquefied petroleum gas (LPG) cylinder has been raised by Tk 144. From now, 12kg cylinder will be sold at Tk 1,284 instead of Tk 1,140 and the new price will be effective from 6pm today (Sunday). Md Nurul Amin, chairman of Bangladesh Energy Regulatory Commission (BERC), informed this during a press briefing held at the BERC ...

Fuel oil sales at petrol pumps in the capital were seen normal on Sunday morning, though a section of fuel traders started their strike to press home their three-point demands, including raising sales commission to 7.5 per cent. As a result, the extraction of fuel oil from three state-owned depots in Khulna has been stopped and the supply of fuel ...

Country’s renowned economist and former adviser to the caretaker government Dr Wahiduddin Mahmud on Saturday said that priority should be given now on how the poorer section in the country could lead their lives in comfort. “Economic recession is going on all over the world. Bangladesh also faces various economic challenges. In such a situation, we should focus more on ...