Wednesday, 17 Apr, 2024

Business

Dhaka wants 'preferential trade pact', Nepal wants ‘no hidden tariffs’ 

Nepal and Bangladesh are sitting down for a commerce secretary-level meeting in Kathmandu today (April 17) to strengthen economic ties and boost subregional connectivity.  But the much-delayed bilateral preferential trade agreement (PTA) between the two neighbours will not be on

United Airlines says Boeing blowout cost it $200m

United Airlines has blamed Boeing for a $200m (£161m) hit to its earnings in the first three months of this year. The carrier was forced to ground its Boeing 737 MAX 9 fleet for three weeks after a mid-air cabin blowout on an Alaska Airlines flight in January. United said that

Refiners increase soybean oil price by Tk10 per litre

Refiners have increased the prices of soybean oil by Tk10 a litre with an effect from Tuesday (April 16). Meanwhile, State Minister for Commerce Ahasanul Islam Titu said there is no scope for increasing the prices of edible oil. Bangladesh Vegetable Oil Refiners and Vanaspati

China economy grows faster than expected in first quarter

China's economy made a stronger-than-expected start to the year, even as the crisis in its property sector deepened. According to official data, gross domestic product (GDP) expanded by 5.3% in the first three months of 2024, compared to a year earlier. That beat expectations

Oil prices lower after Iran attack on Israel

Oil prices fell in early Asian trade after Iran's reprisal attack on Israel over the weekend. Brent crude - a key benchmark for oil prices internationally - was lower but still trading close to $90 a barrel on Monday morning. Prices had already risen in expectation of action by

ICCB Heritage expands for a fit Mughal cuisine

The ICCB Heritage Restaurant opened its renovated duplex facility on Monday to provide a regal experience of traditional Mughal cuisine on a larger scale for food lovers. Located at the International Convention City Bashundhara (ICCB), the restaurant features a lakeside view of the

ACE Money Transfer Announces Its Much-Anticipated Salam Bangladesh Campaign with Bigger Prizes This Ramadan

Manchester, United Kingdom, March 26, 2024: A growing UK-based remittance service provider, ACE Money Transfer, is delighted to announce its renowned promotion, “Salam Bangladesh,” this time with bigger prizes in line with the Bangladeshi government’s 2.5% incentives on

Gold price hits record high of Tk1,17,573 per bhori

The price of gold has reached a record high of Tk1,17,573 per bhori with the latest increase in price of Tk1,750 per bhori. The price of 22-carat gold is now Tk10,080 per gram while it is Tk9,620 for 21-carat gold, according to a press release issued by the Bangladesh Jeweller's

Gold price hits record high of Tk1,15,823 per bhori

The price of gold has reached a record high of Tk1,15,823 per bhori with the latest increase in price of Tk1,750 per bhori. The price of 22-carat gold is now Tk9,930 per gram while it is Tk9,480 for 21-carat gold, according to a press release issued by Bangladesh Jeweller's

Samsung: Tech giant sees profits jump by more than 900%

Samsung Electronics says it expects its profits for the first three months of 2024 to jump by more than 10-fold compared to a year earlier. It comes as prices of chips have recovered from a post-pandemic slump and demand for artificial intelligence (AI) related products booms. South

Türkiye's Istanbul tests Chinese smart metrobus

Istanbul, Türkiye's largest city, has commenced a 45-day trial of the state-of-the-art Chinese smart metrobus, a press release said on Wednesday. The four-wagon electric metrobus, developed by China's CRRC Zhuzhou Electric Locomotive Research Institute, boasts a capacity

TCB starts selling onions at Tk 40 per Kg 

The Trading Corporation of Bangladesh (TCB) has started selling Indian onions at Tk 40 per kg today (April 2). State Minister for Commerce Ahsanul Islam Titu inaugurated the onion-selling program at TCB building in the city's Karwan Bazar area this morning.  In its first

Gold hits another record high on Fed rate cut bets

Gold hit another fresh record high Monday as investors grow confident that the Federal Reserve will cut interest rates this year, even after data showed a slight uptick in a key inflation report. The precious metal has enjoyed healthy buying interest this year as the US central bank

Opposition stuns Erdogan with historic victory in local elections

Turkey's main opposition party has claimed big election victories in the main cities of Istanbul and Ankara. The results are a significant blow for Recep Tayyip Erdogan, who had hoped to regain control of the cities less than a year after he claimed a third term as president. He

Fuel price comes down

The government on Sunday (March 31) announced that fuel oil prices have fallen for the second consecutive month with the new prices effective from Monday, under a new auto adjustment mechanism for keeping consistency with global rates. In keeping with the new pricing formula introduced

Indian billionaires Ambani and Adani collaborate for first time

In a groundbreaking move, Mukesh Ambani and Gautam Adani, two of India's billionaires, have entered into their first-ever collaboration for a power project in Madhya Pradesh. According to a PTI report, Reliance Industries, Ambani's conglomerate, has acquired a 26 per cent stake

Ghorer Bazar offers safe food to customers' doorstep

Online shopping website “Ghorer Bazar” is working to ensure 100% pure and safe food supply. Domestic e-commerce companies have already gained recognition and trust as one of the safest food suppliers in the country Ghorer Bazar started its journey in 2020.  In

FBCCI seeks cooperation to identify corrupt traders

The Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) today (March 28) urged the market committees to cooperate to identify the corrupt traders. Md Amin Helali, FBCCI's senior vice-president, made this call at a meeting between the FBCCI's market monitoring

Govt to import 50,000 tons of onion from India

The Cabinet Committee on Economic Affairs (CCEA) has approved a proposal in principle for importing some 50,000 metric tons of onion from National Cooperative Exports Limited of India. The approval came from the sixth meeting of the CCEA in this year held at the Cabinet Division

Saudi ITFC signs $1.4bn energy financing plan with Bangladesh

The Islamic Trade Finance Corporation (ITFC) signed an agreement on Monday to provide $1.4 billion to the Bangladesh Petroleum Corporation, Saudi Arabia's state news agency SPA reported. The ITFC, part of Saudi Arabia's Islamic Development Bank, said the financing was aimed at