Sunday, 24 Nov, 2024

Business

Commonwealth Trade and Investment Forum-2023 inaugurated

Prime Minister Sheikh Hasina today inaugurated the two-day Commonwealth Trade and Investment Forum-2023 aiming to boost trade, commerce and investment of Bangladesh with other Commonwealth countries. She opened the grand inauguration of forum as the chief guest in capital's

‘Beginning of the end’ of fossil fuel era approaching, says IEA

The world’s demand for oil, gas and coal will begin to decline this decade in “the beginning of the end” of the fossil fuel era, according to the global energy watchdog. The International Energy Agency (IEA) has projected for the first time that fossil fuel

Qantas illegally fired 1,700 workers during pandemic - top court

Australia's highest court has rejected a bid by Qantas to overturn a ruling that it illegally outsourced 1,700 jobs during the pandemic. The court unanimously upheld that the carrier had unlawfully laid off staff at 10 airports in November 2020. The ruling found that Qantas

Ukraine says Black Sea gas, oil platforms recaptured from Russian control

The Ukrainian military said it has recaptured several strategic gas and oil drilling platforms from Russia in the Black Sea close to Crimea, which Moscow’s forces had occupied since 2015. The recapture of the so-called Boyko Towers platforms, which was reported on Monday, takes

Turkish businesses urged to invest in Bangladesh

President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Mahbubul Alam today urged the Turkish businessmen to invest in the promising sectors of Bangladesh.   The FBCCI president made this call in a courtesy meeting with Turkish Ambassador Ramis Sen at

Bangladesh risk-free destination for Chinese investment

Bangladesh is becoming an increasingly attractive destination for Chinese investment, AHM Jahangir, additional secretary of the Economic Relations Division (ERD), has said.   Speaking at the Belt and Road Initiative in Bangladesh Exhibition on Saturday as the chief guest, Jahangir

India-Middle East-Europe economic corridor unveiled in G20

A multinational rail and shipping project linking India with the Middle East and Europe has been announced on the sidelines of the G20 summit in New Delhi in a step seen as a challenge to China’s economic ambitions in the region. The corridor, which would include India, Saudi

EU, US agree on mideast-India rail and shipping deal at G-20

The US said it plans to sign a joint infrastructure plan with India, Middle Eastern countries and the European Union aimed at connecting them via a network of railways and sea routes, a development that comes as China builds its influence across the energy-rich region. The US has been

Global food prices fall to 2-year low, says FAO

Global prices for staple foodstuffs have reached a two-year low in August, the United Nations' Food and Agriculture Organization (FAO) said on Friday. The organization's Food Price Index has not been on this level since March 2021 and has declined as much as 24% compared to

Maiden ferry service for passengers, vehicles launched

Two RoRo ferry services for carrying passengers and vehicles were inducted in inland water services for the first time. State Minister for Shipping Khalid Mahmud Chowdhury inaugurated the ferries at a ceremony at Hasnabad of Keraniganj in the capital this morning (September 7). Two

Venice to start charging visitors entry fee next year

Venice plans to experiment with an admission fee of 5 euros ($5.35) for day trippers next year to try to manage the flow of tourists drawn to its historic canals, Reuters reported, citing the city council on Tuesday. The fee will be applied on a trial basis on 30 days next year,

Israel's decision to suspend Gaza exports sparks humanitarian concerns

Palestinian businesses warned Tuesday that an Israeli decision to suspend exports from the Gaza Strip put the Palestinian territory at risk of a “humanitarian catastrophe”. Israel’s army chief on Monday ordered, with the government’s approval, a halt to

Walton Plaza Uthshob-2023 held

'Walton Plaza Uthshob-2023' was held with a great enthusiasm. Over 600 managers of Walton Plaza from different regions of the country took part in the celebration event.  Among the participants, total of 144 sales executives and Plazas were awarded for their outstanding

Dr Momen urges Indonesia to ease market access for RMG products 

Foreign Minister Dr. AK Abdul Momen has urged his Indonesian counterpart to facilitate the entry of Bangladeshi ready-made garment products into the Indonesian market.  During a meeting with Indonesian Foreign Minister Retno Marsudi in Jakarta on September 4, Dr. Momen expressed

Solomon Islands MPs demand answers over ‘replica’ guns from China

Solomon Islands’ opposition leader Matthew Wale has called on the country’s police commissioner to “come clean” about whether China secretly shipped genuine firearms to Honiara last year after Al Jazeera uncovered new details about the shipment. Last week, Al

Onion sells at Tk 10 per Kg in Hili port

The importers are in trouble for not being able to sell onions due to the shortage of buyers at Dinajpur's Hili land port. According to information, due to excessive heat onions imported have rotted. In this situation, traders are selling these onions at the rate of Tk10 per kg.

Substandard imported wheat bran floods market, local millers face crisis

Local flour millers are facing an existential crisis as substandard imported wheat bran has flooded the market, undercutting local producers.     Almost half of the flour mills have ceased operations after being unable to compete with the import of cheaper and low-quality

August remittance drops, as Bangladesh receives $1,59m 

Remittance inflow declined by 21.47 per cent to $1.59 billion in August compared with that of $2.03 billion in the same month in the previous year, according to Bangladesh Bank data. The August figure was also lower than the previous month’s remittance earnings of $1.97 billion.

12kg LPG price goes up by Tk 144

The Bangladesh Energy Regulatory Commission (BERC) has increased the price of a 12kg liquefied petroleum gas (LPG) cylinder by Tk144 to Tk1,284 for the month of September. In August, the price was Tk 1,140.  BERC chairman Nurul Amin announced the new price at a press conference

Fuel supply normal as pumps open in capital

Several pump owners in the capital are not seen observing the indefinite strike which was called by a faction of fuel oil traders across the country from today (September 3) to press home their 3-point demand. On the first day of the strike on Sunday, several pumps were seen open in