Business

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 ...

State Minister for Civil Aviation and Tourism Md Mahbub Ali on Friday night inaugurated national flag carrier Biman’s Dhaka-Narita (Tokyo) direct flight at Hazrat Shahjalal International Airport (HSIA) in Dhaka. The inaugural flight took off from Dhaka around 11:45 pm local time and will reach Narita International Airport in Japan on September 2 at 9:15am local time (6.15am BDST). The ...

UK defence giant BAE Systems has set up a local entity in Ukraine and signed deals to help ramp up supplies of weapons and equipment to Kyiv. The firm says the move will allow it to work directly with Ukraine to explore potential partners and ultimately produce light artillery there. BAE has made much of the arms the UK and ...

Volume of bilateral trade between Japan and Bangladesh will reach a new height soon, speakers said on Wednesday. They made their observation in a discussion organised by the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI), on Wednesday jointly with the Japan External Trade Organisation (JETRO) to unveil the 2022-JETRO Survey on Business Conditions of Japanese Companies in Asia and ...