The customers will be able to purchase soybean oil at Tk 163 a litre from tomorrow (March 3) , a Tk 10 down from the existing rate. Commerce Minister Ahsanul Islam Titu has disclosed this information apart from mentioning that the daily commodities market will be regulated even outside

State Minister for power Nasrul Hamid today (Feb 29) said the government has decided to increase power tariff from February 01 to minimize government subsidy to the sector. The average price of electricity is Tk 12 per unit, but selling price is only Tk 7. The government gives Tk

Golden Rice has finally hit markets across the Philippines as the country embraces the genetically modified crop to boost local food production and counter Vitamin A deficiency, an affliction caused by a poor diet that can lead to blindness, especially in children. The Philippines

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urged market committee, business association and all concerned to take stern action against those who will create artificial crisis in the commodity market and indulge in extortion during the holy month of Ramadan.

The Bangladesh Bank (BB) has halted the proposal from Southeast Bank for the disbursement of a TK670 crore loan to a securities company intended for the purchase of shares. A letter in this regard was sent by BB Financial integrity and customer services (FICSD) additional director

Starting February 28th, Immigration New Zealand (INZ) is raising the wage thresholds for most work visas to reflect the latest median wage increase.  This is good news for workers hoping to immigrate to New Zealand, as it indicates growing demand for skilled individuals. 

More than 120 WTO member states have finalised an agreement that aims to facilitate investment in developing countries by improving transparency and clearing bureaucratic hurdles, the global trade body said Sunday. The Investment Facilitation for Development (IFD) Agreement, signed by

The stoppage since Monday at one of the world's best-known tourist sites was the second within two months in protest at what unions say was insufficient investment. The tower's operator SETE said it had reached agreement with the unions on Saturday "under which the parties

The government has stepped back from its move to hike the sugar price to Tk160 considering the sufferings of the public. “The decision has been withdrawn considering public suffering,” the industries ministry said in a press statement on Thursday (February 22) night.

The Bangladesh Sugar and Food Industry Corporation (BSFIC) has raised the maximum retail price of sugar produced by state-owned mills to Tk 160 per kg, marking an increase of Tk 20 per kg. The BSFIC announced this price adjustment by issuing an official notice on Thursday (February

Bangladesh Jeweller's Association (BAJUS) demanded for providing a 10-year tax holiday in the gold refinery industry. They also proposed installing Electronic Fiscal Device (EFD) machines at some 40,000 jewelry shops across the country. The Association submitted the proposal at

India, in the latest development, has approved the export of 3 lakh metric tonnes of onions. A committee, formed in this regard, has approved the export of 50,000 tonnes of onion to Bangladesh. The committee of ministers headed by Union Home Minister Amit Shah took a decision to

Rupayan Bhuiyan Emporium Shopping Complex was inaugurated in Ashulia, on the outskirts of the capital Dhaka, on Friday (February 16). The state-of-the-art central AC market, situated in the Jamgar area of Ashulia near Fantasy Kingdom, has been inaugurated under the slogan

Turkey's Coca-Cola Isek (CCI) has signed an agreement for a whopping $130 million to acquire Coca-Cola Bangladesh Beverages Limited (CCBB).  The agreement outlines the acquisition of the entire 100% shares in CCBB, with CCIHBV emerging as the primary direct shareholder. CCI

Despite the price of fuel oil is stable in the world market at this moment, it may rise again. The United States, China and Europe have begun refilling depleted oil reserves. As a result, the demand for fuel oil will increase again in the world, which may lead to an upward trend in the

Bangladesh Bank announced rules for appointing banks’ independent directors setting the minimum age at 45 years and the maximum age at 75 years. Also, they must have at least ten years of experience in management or business or professional work. The central bank issued a

Ahead of the holy month of Ramadan, the Trading Corporation of Bangladesh (TCB) started the sale of essential commodities at subsidised rates among the low-income group today (February 15). A total of one crore TCB cardholders across the country will be able to buy soybean oil, lentil

Mohammad Al Kashem was appointed as the first Bangladeshi Managing Director (MD) of Coats Thread Exports Limited in Sri Lanka.  He will take on this responsibility in addition to his current role as the Managing Director of Coats Bangladesh Limited and J&P Coats Pakistan

Multi-billionaire Jeff Bezos has sold more of his shares in Amazon, bringing the total value of sales in recent days to more than $4bn ($3.2bn). The technology giant, which he founded in 1994, said Mr Bezos has now sold 24 million shares in the firm this month. Mr Bezos, who is

The United Arab Emirates signed an agreement Sunday to launch an air taxi service by 2026. As a result, Dubai will become the world's first city to launch a commercial, city-wide electric aerial taxi service. The official Emirates News Agency (WAM) announced on X that the Joby