World Bank’s team reaches Ctg port to discuss Bay Terminal project

An 11-member technical mission of the World Bank reached Chattogram port today to discuss various aspects of proposed Bay Terminal, a mega project taken to enable the port accommodate larger ships.
4 September 2022, 13:33 PM

Europe's alternatives if Russia shuts off gas supply

The Nord Stream 1 pipeline that transports Russian gas to Germany will undergo further maintenance, Gazprom said on Friday after scrapping a Saturday deadline to resume flows, deepening Europe's difficulties in securing fuel.
3 September 2022, 12:11 PM

Indonesia bites the bullet on fuel prices as subsidies soar

Indonesia raised subsidised fuel prices by about 30 per cent on Saturday, as the government moves to rein in ballooning subsidies despite a risk of mass protests.
3 September 2022, 12:00 PM

Daraz to invest Tk 1,000 crore in Bangladesh in 4 years

Daraz intends to invest Tk 1,000 crore in Bangladesh in the next 3-4 years to ramp up its operation by building infrastructure and ecosystem, the Alibaba Group-backed e-commerce venture said today.
25 August 2022, 14:19 PM

24 global banks to accept Bangladeshi LC to import Russian food grain

Twenty-four global banks have agreed to accept the letters of credit (LCs) from Bangladesh to import food items from Russia and Ukraine in US dollar -- a big sigh of relief as it will play a big role in cutting food prices in local market.
25 August 2022, 13:47 PM

Ansell is accused of 'knowingly profiting' off the labour of slaves. Shuvo is one of them

Shuvo and 12 other people who worked at that glove factory are now seeking compensation from Ansell for what allegedly happened to them there.
24 August 2022, 06:15 AM

Canada-China company to invest $91 million in Ishwardi EPZ

Big Dipper Textile Mills Ltd, a company jointly owned by Canada and China, will set up a textile industry in Ishwardi Export Processing Zone (IEPZ) with an investment of $91.15 million.
22 August 2022, 12:34 PM

Ctg port advances three notches in Lloyd’s List of busiest container ports

Chattogram port has advanced three steps in a year to become world’s 64th busiest port in terms of annual throughput of containers in 2021.
18 August 2022, 15:21 PM

US, Taiwan to start formal trade talks under new initiative

The United States and Taiwan on Wednesday agreed to start trade talks under a new initiative, saying they wanted to reach agreements with "economically meaningful outcomes", in another sign of stepped up US support for the island.
18 August 2022, 04:47 AM

J&J baby powder to stop selling globally in 2023

Johnson & Johnson (JNJ.N) will stop selling talc-based baby powder globally in 2023, the drugmaker said on Thursday, more than two years after it ended US sales of a product that drew thousands of consumer safety lawsuits.
12 August 2022, 05:54 AM

Indian companies swap dollar for Asian currencies to import Russian coal

Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry sources, avoiding the US dollar and cutting the risk of breaching Western sanctions against Moscow.
10 August 2022, 12:16 PM

Bangladesh offers duty benefit to 43 types of Bhutanese goods

The customs authority has withdrawn import duties on 43 types of Bhutanese goods to give them better market access to Bangladesh, according to a notification issued by the National Board of Revenue (NBR) recently.
8 August 2022, 15:18 PM

17 companies form Bangladesh-Turkiye Business Forum

Eleven Bangladeshi and six Turkish companies have come together to establish the new Bangladesh-Türkiye Business Forum (BTBF) at a meeting hosted by the Turkish embassy in Dhaka.
6 August 2022, 10:00 AM

'Sanctions have huge toll on Russian economy'

The Russian economy has been deeply damaged by sanctions and the exit of international business since the country invaded Ukraine, according to a new report by Yale University business experts and economists.
2 August 2022, 11:58 AM

Maersk sees global supply chain woes for longer; lifts 2022 guidance

Maersk raised its 2022 profit guidance for a second time on Tuesday after beating quarterly revenue expectations as congested global supply chains that have boosted freight rates persist longer than expected.
2 August 2022, 11:54 AM

Remittance inflow rises 11.76% to $2.09 billion in July

Remittance flow to Bangladesh rose 11.76 per cent year-on-year to $2.09 billion in July, a development that would bring some relief for the country that is struggling to keep its foreign currency reserves in a healthy shape.
1 August 2022, 12:49 PM

UAE cuts fuel oil prices

The United Arab Emirate cut fuel oil prices after a break of six months and the new prices will be effective from August 1.
1 August 2022, 11:56 AM

‘Bangladesh wants to build strong bilateral relation with Egypt'

Bangladesh is keen to establish a strong relation with Egypt as the two countries have immense bilateral trade potential, said Bangladesh's Ambassador to Egypt Md Monirul Islam.
1 August 2022, 08:09 AM

Use China’s Renminbi as second currency for imports: MCCI

The Metropolitan Chamber of Commerce and Industry (MCCI) today suggested the central bank should consider China’s Renminbi (RMB) as a second currency for international trading, especially for importing raw materials from China.
27 July 2022, 15:45 PM

BB’s surprise visit to money changers cuts dollar price

Ten inspection teams of Bangladesh Bank today went for surprise visits to different money changers’ shops in Dhaka city to investigate whether they are hoarding US dollar to intentionally hike the rate of the greenback against the taka.
27 July 2022, 13:20 PM