Business

Bangladesh Energy Regulatory Commission (BERC) has adjusted downward the price of liquefied petroleum gas (LPG) by Tk 35 per 12kg cylinder to Tk 1,200 from the existing rate of Tk 1,235 as sold by the private companies. The new price rate will come into effect from 6pm today, BERC Chairman Abdul Jalil announced at a virtual press conference. The price ...

Passengers have voiced concern over buses charging them extra fares despite the introduction of e-ticketing, a method to prevent misconduct and discipline runaway public transport. Buses are supposed to pick up passengers only from pre-assigned stations, but the drivers and their assistants breach the rules by stopping anywhere they find travellers. On top of that, the buses ask each passenger ...

Prime Minister Narendra Modi on Saturday launched 5G mobile internet services in India, a major milestone in the country’s telecom history that aims to make downloads faster and eliminate the menace of call drops. However, the 5G services will be rolled out in 13 select Indian cities like Delhi, Mumbai, Kolkata and Hyderabad later this month. The services will be ...

A flight of Biman Bangladesh Airlines got stuck as a bird entered its engine, delaying take-off by nine hours, causing suffering of passengers. The plane left Dhaka Hazrat Shahjalal International Airport for Saudi Arabia with 375 passengers at 10:45am on Friday. Biman authorities said, the flight delayed to fly as the bird was spotted in the engine. The authorities claimed ...

The Hili Land Port in Dinajpur district will halt all export-import activities for eight days on the occasion of the largest Hindu festival – Durga Puja. However, passengers with passports will be able to pass through the Hili immigration check post normally. Jamil Hossain Chalanta, general secretary of Bangla Hilli Customs C&F Agent Association, said the businessmen of the country ...

Bangladesh Bank has increased the policy interest rate (repo rate) by 25 basis points to 5.75 per cent from 5.5 per cent to curb inflation. The central bank took the decision at the 56th meeting of the Monetary Policy Committee (MPC) held on Thursday. In view of the increase in inflation in the world market, Bangladesh is also witnessing rising ...

Tata Motors launched India’s lowest priced electric car at a little over $10,000 on Wednesday as the country’s only electric vehicle (EV) maker looks to draw in more buyers. Tata leads India’s EV market, helped by government subsidies and high tariffs on imports. Its move comes as domestic rival Mahindra & Mahindra is in talks with investors to raise up ...

The International Monetary Fund has openly criticised the UK government over its plan for tax cuts, warning that the measures are likely to fuel the cost-of-living crisis. In an unusually outspoken statement, the IMF said the proposal was likely to increase inequality and add to pressures pushing up prices, reports BBC. Markets have already raised alarm over the plans, sending ...

The British pound rebounded Tuesday after sinking to a record low against the dollar on concerns a UK government tax-cut plan could derail public finances. Sterling jumped 1.34 percent to $1.0832. On Monday, it struck an all-time low at $1.0350, perilously close to parity. After the plunge, the Bank of England said it was playing close attention to financial markets, ...

The Asian Development Bank said Tuesday it will devote at least $14 billion through 2025 to help ease a worsening food crisis in the Asia-Pacific. The development lender said it plans a comprehensive program of support to help the 1.1 billion people in the region who lack healthy diets due to poverty and soaring food prices. The Manila, Philippines-based ADB ...