Business

Japan’s core consumer prices for items excluding fresh products rose 2.2 percent in June from a year earlier, driven by energy costs, government data showed Friday. Excluding energy, the increase was just one percent compared to a year earlier, according to data released by the interior affairs ministry. The June inflation figures were in line with expectations and mark the ...

Price of bottled soyabean oil has decreased by Tk 14 per litre to Tk 185 with effect from Thursday. Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association (BVOVMA) has taken this decision. The association sent a letter to Senior Secretary Ministry of Commerce in this regard. Due to decrease in edible oil in the international market, a decision has been ...

The government has set the export target for the current fiscal year at $67 billion, up 11 percent than that a year ago. Commerce Minister Tipu Munshi made the announcement at a press briefing at his ministry in the capital on Wednesday. Of this, $58 billion is expected to come from merchandise export and the remaining $9 billion from services. ...

Price of edible oil has reduced by Taka 53 per liter in Chaktai-Khatunganj wholesale market here in line with the reduction of price in the international market. “The price of palm oil has reduced by Taka 2,000 and soybean oil by over Taka 1,000 for every 37.32 liters in Chaktai-Khatunganj wholesale within 15 to 20 days,” Alamgir Parvez, a leading ...

US aerospace firm Boeing hopes the Farnborough airshow this week will mark an end to several turbulent years following 737 MAX crashes and 787 manufacturing problems. Boeing plans to show off several planes including the MAX 10, the latest version of its flagship model in the key medium-haul segment, and hopes to announce a slew of new orders. The MAX ...

Bangladesh Jewellers Association (BAJUS) has lowered gold price by maximum Tk 1,166 per bhori (11.664 grams). The price of good quality gold jewellery now stands at Tk 77,216 per bhori in the local market which was Tk 78,382 so far. Following fall in gold prices in the international market, the BAJUS issued a press release on Sunday announcing the new ...

The production of hilsa in Patharghata has doubled in Fiscal Year 2021-22. Not only hilsa production but also production of other sea fishes have increased. As a result, government revenue reached Tk 92,92,329 for the FY 2021-22. This information was revealed by Patharghata Fish Landing Centre. Mir Rashedul Islam, manager of Patharghata Fish Landing Centre, said a total of 1,152.56 metric ...

Edible oil prices at Khatunganj in Chattogram has declined by Tk 35 per litre. It is learnt that the edible oil prices have started falling constantly owing to the decline in international market. The prices have fallen by Tk 10 to Tk 30 per litre in the last 15 days at this second largest wholesale market of the country. Khatunganj’s ...

Bangladesh Bank on Thursday instructed authorized dealers (ADs) to report all types of their foreign exchange transactions including offshore banking operations to the web portals of BB on a regular basis. The central bank is tightening policy on spending of foreign exchange by curbing unnecessary imports and trade-based money laundering. As part of import monitoring, ADs have been instructed to ...

Bangladesh’s export earnings fell by 1.8% in February, continuing the negative trend in export from the start of this year. According to Export Promotion Bureau data released on Thursday, Bangladesh earned $3.32 billion in February marking a decline of 1.8% compared to the same period last year. Earlier in January, the country’s exports fell by 3.62%, after seeing a 2.89% ...