Business

Bangladesh Foreign Exchange Dealers Association (BAFEDA) and Association of Bankers, Bangladesh (ABB) have set the US dollar exchange rate for export proceeds at Tk 102. BAFEDA and ABB took the decision at a meeting on Sunday and the new rate came into effect on Monday, according to BAFEDA press release. However, the exchange rate for inward remittances has been kept ...

Bangladesh Energy Regulatory Commission (BERC) has slashed the prices of liquefied petroleum gas (LPG). A 12kg LPG cylinder will be selling now for Tk 1,232 including value-added tax, which has been sold at Tk 1,297. So, the price of 12kg LPG cylinder has gone down by Tk 65. Abdul Jalil, chairman of the BERC, announced the new prices of LPG ...

Bangladesh exported goods worth $27.22 billion in the first six months till December of the current fiscal year 2022-23 amid a growing crisis of foreign exchange, according to an official report. The country received $10.37 billion from exports only in the last two months (November and December), which is the highest ever export earnings in two months. According to the ...

For much of the global economy, 2023 is going to be a tough year as the main engines of global growth – the United States, Europe and China – all experience weakening activity, the head of the International Monetary Fund said on Sunday. The new year is going to be “tougher than the year we leave behind,” IMF Managing Director ...

A Dhaka court on Sunday fixed February 14 for submitting the probe report in a case filed over the incident of cyber heist of $101 million from Bangladesh Bank’s account in 2016. With this, the submission of the probe report in the case has been deferred for the 69th time, UNB reports. Dhaka Metropolitan Magistrate Rajesh Chowdhury deferred the date ...

Prime Minister Sheikh Hasina is expected to inaugurate the 27th edition of the ‘Dhaka International Trade Fair (DITF)-2023’ on Sunday with the aim to put up locals products on the international markets. The largest annual commercial and trade event of the country is going to be held at its permanent venue – “Bangabandhu Bangladesh-China Friendship Exhibition Centre” – at Purbachal ...

US energy giant ExxonMobil is suing the European Union (EU) in a bid to stop its new windfall tax on oil firms. A windfall tax is imposed on firms that benefited from something they were not responsible for. Energy firms are getting much more money for their oil and gas, partly due to supply concerns after Russia’s invasion of Ukraine. ...

The Cabinet Committee on Public Purchase has approved three proposals to purchase some 2.9 crore litres of soybean oil spending Tk 334 crore from different local and foreign companies. The approval was given at the 39th meeting of the Cabinet Committee on Public Purchase on Thursday (December 29, 2022) held with Finance Minister AHM Mustafa Kamal in the chair. Cabinet ...

A court in Dhaka has rejected the bail petition of e-commerce platform evaly chairman Shamima Nasreen and issued an arrest warrant against her in a case filed over embezzlement of Tk 3.1 lakh from a customer. Arif Baker, a consumer, filed the case with Gulshan Police Station on September 17 last year. Earlier in the day, the court framed charges ...

Ridesharing company Uber has said key data has shown its consistent growth in Bangladesh. The company Monday released its annual analysis, which highlighted the completion of 150 million kilometres in trips during 2022, marking Uber’s expansion to all eight divisions. In 2022, Uber’s services spanned 20 cities spread across the divisions, reports UNB. Dhaka was the busiest city in the ...