Business

Truckloads of onions have begun stinking along the India-Bangladesh border in Bengal while the prices of the crop move northwards in the neighbouring country, according to a report by The Telegraph Online on Sunday (December 17). A decision of the central government prohibiting export of onions has suddenly slammed the brakes on several cargo trucks, waiting at land ports along ...

Bangladesh Bank has asked the Islamic banks in crisis to resolve the current account deficit but has not decided to remove them from the clearing platform. Bangladesh Bank Spokesperson Md Mezbaul Haque came up with the statement in a press conference on Sunday morning. Speaking at the press conference, Md Mezbaul Haque said that Islamic banks are well placed in ...

Petrol prices have fallen to lowest level at the pumps on average for more than two years, the RAC has said. A litre of unleaded costs about £1.43 on average, a price which was last seen at UK forecourts in October 2021. A fall in wholesale fuel costs has resulted in lower pump prices, the RAC said, adding that petrol ...

A call has been made for hundreds of Post Office staff wrongly accused of theft and false accounting to all have their convictions overturned. More than 700 Post Office managers were convicted when faulty accounting software made it look as though money was missing from their sites. A board overseeing compensation said until all convictions were quashed, “we cannot put ...

It is “too early” to speculate about when UK interest rates will be cut, according to the governor of the Bank of England. Andrew Bailey spoke after the Bank voted to hold interest rates for a third time at 5.25% – a 15-year high. On Wednesday, the US Federal Reserve signalled that rates were at or close to a peak ...

The Senate of the US Congress approved the country’s draft defense budget for fiscal year 2024, worth record $886.3 billion, according to a live broadcast of the vote. A total of 62 senators voted in favor, 10 were against. After being approved by the Senate, the 3,000-page draft National Defense Authorization Act for Fiscal Year 2024 will be sent to ...

The UK economy shrank by more than expected in October, as higher interest rates squeezed consumers and bad weather swept the country. The economy fell 0.3% during the month, after growth of 0.2% in September. Household spending has been dented by rate rises as the Bank of England tries to tackle inflation. It is due to make its next rate ...

The government has decided to procure edible oil and red lentil for the Trading Corporation of Bangladesh (TCB) at a cost of Tk 246.05 crore. The procurement includes Tk 142 crore for 90 lakh litres of edible oil and Tk 104 crore for 12,500 metric tonnes of red lentil. The proposal was approved at the 42nd meeting of the Cabinet ...

Bangladesh Bank (BB) has inked deals with six private commercial banks for the Bangladesh Bank-Long Term Financing Facility (BB-LTFF). These banks are Al-Arafah Islami Bank PLC, IFIC Bank PLC, Mercantile Bank PLC, Madhumati Bank Limited, Meghna Bank PLC and NRB Commercial Bank PLC. The deals were signed during a ceremony held at the Bangladesh Bank headquarters in city’s Motijheel area ...

Global Islami Bank (GIB) formally opens its new Agent Banking Outlet namely Choker Hat at Birol, Dinajpur on Monday, says a press release. Kazi Mashiur Rahman Jayhad, Additional Managing Director of the Bank inaugurated the operation of the outlet as chief guest. Deputy Managing Directors Ataus Samad and Sami Karim and Head of General Services Division Zulfiquar Ali Khan, Head ...