Monday, 15 Aug, 2022

Business

Soybean oil price increased by Tk 38 per litre

The price of soybean oil has increased in the country due to hike in oil price in the international market. The price of per litre bottled soybean oil has been increased by Tk38 to Tk198 while per litre unpackaged soybean oil by Tk44 to Tk 180.   Besides, the price of 5 litre

Janata bank posts Tk 300cr net profit in 2021

State-owned Janata Bank posted the highest ever net profit of Tk 300 crore in 2021 since its start of operation supported by uptrend in all the key indicators.   Besides, it registered Tk 1000 crore operational profit, a level which could not be maintained after 2012, suggests

Uber loses $5.9bn as Asia investment values fall

Ride-hailing and delivery group Uber has made a $5.9bn (£4.7bn) loss, mostly due to its stakes in other companies. The firm said almost all of the loss was a result of the fall in the value of investments in businesses including two Asian ride-hailing giants - China's Didi

EU to propose phasing out Russian oil in new sanctions wave

The European Union will propose a phased out ban on Russian oil imports as part of its fresh round of sanctions against Russia for its invasion of Ukraine, sources said on Sunday (May 1). The European Commission, which draws up sanctions for the EU's 27 countries, is currently

HungryNaki MD for developing a digital eco-system where all parties become benefited  

We are strengthening our partnerships. As a leader, my ultimate vision is to create a digital eco-system, where all the parties involved become benefitted, rather than only focusing on making money. Khondoker Tasfin Alam, Managing Director of HungryNaki, was telling these while

Get 10% discount on ticket from Biman website 

Biman Bangladesh Airlines has offered a 10 percent discount on its ticket from its website (www.biman-airlines.com) from April 28 to December 31. Passengers will get the discount offer by using promo code “BGWEB2022,” says a press release on Saturday (April 30). People

Mukesh Ambani plans bid for Boots, reports say

Indian billionaire Mukesh Ambani is reportedly planning a takeover bid for the UK high street chain Boots. Mr Ambani is the biggest shareholder and chairman of retail-to-energy group Reliance Industries. Mumbai-based Reliance is reportedly working on the potential bid with US buyout

Indonesia suspends all exports of palm oil

Indonesia began imposing a complete ban on palm oil exports Thursday, as the world's largest producer of the commodity risked destabilising a global vegetable oil market already hitting peak prices. The archipelago nation is facing a shortage of domestic supplies of cooking oil and

BAJUS calls for buying ornaments from legitimate Jewellers 

Bangladesh Jewellers Samity (BAJUS) on Tuesday (April 26) urged people to purchase gold items from genuine and legitimate jewellery shops to get protected from any fraud. BAJUS also encourages buying ornaments only from its member Jewellers as it will not take responsibility if anyone

King Brand, Bir Cement host Iftar and doa mahfil in Dhaka

King Brand Cement and Bir Cement, two flagship products from Bashundhara Group, hosted an iftar and doa mahfil in Dhaka on Saturday. Some 300 guests including dealers, retailers and engineers participated in the event at Café Rio at Dhanmondi in the capital. They offered a

Bashundhara Bitumen to be used for Padma Bridge link road, Payra Port

Chinese engineering firm Xing Xu Construction Company Limited (XCCL) will use Bashundhara Bitumen in Payra Port, Padma Bridge link road and Cox's Bazar airport extension projects. Bashundhara Oil and Gas Company Limited (BOGCL) signed an agreement with the reputed construction

IMF asks Sri Lanka to restructure debt before bailout

The International Monetary Fund said on Wednesday that it has asked cash-strapped Sri Lanka to "restructure" its huge foreign debt before a bailout programme could be finalised as anti-government protests escalated across the island. Sri Lanka opened talks with the IMF in

SM Abdul Wadud joins as GM of Janata Bank 

SM Abdul Wadud has been promoted to the rank of General Manager of the Janata Bank Limited, a leading state-owned commercial bank of Bangladesh. He took over as General Manager of the bank at its head office located at Janata Bhaban in the capital. Earlier, he was DGM of the bank.

Bangladesh future model of global jewellery industry: Dilip Roy

Speakers at a programme in Faridpur on Saturday said under the leadership of Bangladesh Jewellers Samity (BAJUS) President Sayem Sobhan Anvir, Bangladesh will be a model of the global jewellery industry in the future. While addressing the Faridpur District Representatives’

Trade thru Banglabandha land port resumes after 2 days

Import and export activities resumed on Saturday (April 16) through Banglabandha land port in Tetulia upazila of Panchagarh district after two days of government holidays including for Pahela Baishak. Import-export group president Abdul Latif Tarin confirmed the matter to

Ukraine's economy to shrink by 45pc this year: World Bank

Ukraine’s economy is on course to contract by almost half this year as the Russian invasion and the impact of a “deep humanitarian crisis” takes its toll, the World Bank has said. With a blockade of Black Sea ports in the south of Ukraine and the havoc caused to

Oil prices drop as Biden considers releasing reserves

Oil prices have fallen sharply after reports that the US is set to take new steps to bring down high fuel costs. The Biden administration is reportedly considering the release of up to 180m barrels of oil in the coming months from the Strategic Petroleum Reserve. If confirmed, this

Bashundhara Gold Refinery: Deal on Tk 30.32bn syndicated loan signed

Bashundhara Gold Refinery Limited on Wednesday signed an agreement to mobilise Tk 30.32 billion under a syndicated term loan from lead arranger Agrani Bank Limited and four other state-run banks. Managing Director (MD) of Bashundhara Gold Refinery Limited and Bashundhara Group Sayem

IPDC's Stride towards Success Continues

IPDC Finance Limited announced its financial and business performance in 2021 along with future plans in the company’s annual investors meet via an online session. The continuous success of the company, financial highlights of 2021, different initiatives taken in the year and

DBI-Braintoy to bring machine learning to Bangladesh businesses

Bangladesh-based market research company DBI Research Private Limited and Canada-based technology company Braintoy have announced a partnership to promote and market Machine Learning and Artificial Intelligence-based products and services in Bangladesh market. Through this