Welcome to Business Outlook
The government has once again increased bottled edible oil prices by Tk 38 a litre and the loose ones by Tk 44 a litre with effect from Friday. A litre of bottled soybean oil will now be sold at Tk 198, up from Tk 160, and the loose soybean oil …
Read More »UNDP and ICT Division to launch cybersecurity awareness campaign
The United Nations Development Programme (UNDP) and the ICT Division of the Government of Bangladesh recently reached an agreement to launch a cybersecurity campaign for the youth and children in selected Least Developed Countries (LDCs). Sudipto Mukerjee, Resident Representative of UNDP Bangladesh and Bikarna Kumar Ghosh, Managing Director of Bangladesh …
Read More »Dr Atiur for hike in health budget to lower medicare cost
The government needs to increase health sector budget to help citizens get rid of “out of pocket” health expenditure burden, former Bangladesh Bank governor Dr Atiur Rahman said. He cited that of the total health expenditure in Bangladesh, 73 percent comes from the pockets of the citizens and the remaining …
Read More »Regional cooperation can help increase renewable energy production
State Minister for Power, Energy and Mineral Resources Nasrul Hamid on Tuesday informed Nepalese delegates that renewable energy generation would be increased through regional cooperation. “Prime Minister Sheikh Hasina’s vision is for ensuring 50 percent electricity from renewable energy and clean energy sources by 2040,” he told a bilateral meeting …
Read More »Eid sale peaks at footpath shops
Sale at footpath shops has gained momentum in the city as the low-income people are thronging these makeshift shops for buying clothes and other items at cheaper prices. Most of the footpath shops in Dhaka’s busy areas including Motijheel, Gulistan, Baitul Mukarram, Farmgate, New Market and Mirpur were bustling with …
Read More »Tk 2.46t ADP likely in next fiscal year
The government is likely to frame an expansionary Tk 2.46-trillion annual development programme (ADP) for the next fiscal year (FY), 2022-23, to facilitate economic recovery from the COVID-19 pandemic losses, officials said on Tuesday. The transport and communications sector is going to grab an allocation of Tk 698.69 billion in …
Read More »World faces biggest energy shock since 1970s: WB
Energy prices have surged since the Russian invasion of Ukraine and, along with other commodities, are likely to remain at “historically high” levels through 2024, endangering economic growth, the World Bank warned Tuesday. “This amounts to the largest commodity shock we’ve experienced since the 1970s,” said Indermit Gill, the World …
Read More »Govt asks consumer rights protection directorate to take actions against errant edible oil refiners
The government has asked the Directorate of National Consumer Rights Protection to take stringent actions against the edible oil refineries in case of violation of the existing government order. To this effect, the commerce ministry has recently instructed the agency to take necessary legal steps on the spot using the …
Read More »Most factories yet to clear Eid bonuses
Nearly 57 per cent industrial and manufacturing units in Bangladesh did not pay Eid bonuses to their workers as of yesterday, missing the deadline set by the government. Of the total 9,176 estimated industrial and manufacturing units, 43.29 per cent, or 3,972 factories, have so far cleared the festival bonuses, …
Read More »Internet data caps, time limits to go soon
Mobile users in Bangladesh are set to avail data without expiry date and monthly limitless data, which will allow them to use internet to work, communicate, study, and find entertainment to their heart’s content. The Bangladesh Telecommunication Regulatory Commission (BTRC) has directed the mobile phone operators to roll out two …
Read More »