Current News

Oil prices fell on Sunday at the start of the session, extending last week’s decline, as a US official said Russia was showing signs it might be willing to have substantive negotiations over Ukraine. Brent crude futures fell $1.82, or 1.6 percent, to $110.85 a barrel by 6:47 pm ET …

The central bank asks non-banking financial institutions (NBFIs) to stop inadmissible expenses for luring deposits and go by declared rates, officials say. The nonbanks have also been instructed to publish information relating to interest rates on deposits regularly on their websites, according to a notification issued Sunday by the Bangladesh …

Cabinet has asked National Board of Revenue to work on whether import duty on edible oil can be reduced ahead of Ramadan. “The import duty is 15%. NBR has been asked to check how much of it can be reduced,” said Cabinet Secretary Khandakar Anwarul Islam. At a briefing, he …

Container storage rent at the Chattogram port from tomorrow could quadrupled for stays of excessive periods as Chittagong Port Authority (CPA) looks to force importers to promptly take deliveries and free up space. Over the past couple of weeks, importers had been apparently slow in picking up their goods every …

The price of dairy feed has climbed rapidly in recent months keeping pace with the price spiral of essential commodities, making farming costlier and raising milk production costs for the millions of farmers in Bangladesh. The animal feed has become dearer after the price of maize and soybean meal — …

Crude prices surged Tuesday as the US banned Russian oil imports, while nickel prices rocketed to a record peak on Russian supply fears. While remaining below Monday’s peak of $139.13 per barrel, the main international oil contract, Brent, jumped 6.8 per cent to $131.63. The main US contract, WTI, rose …

Finance minister AHM Mustafa Kamal on Thursday said that the Bangladesh government had waived valued added tax from soya bean oil. He revealed the government decision after a meeting of the cabinet committee on government purchases virtually. He said VAT had withdrawn from the items needed mostly during the month …

Low and middle-income people are thronging the trucks of Trading Corporation of Bangladesh (TCB) in the capital to buy essential commodities at subsidised rates amid their skyrocketing prices. TCB has launched a month-long essentials selling program in the capital on Sunday ahead of the holy Ramadan to sell commodities at …

Soybean oil imports, both in crude and seed forms, declined marginally in Bangladesh in the current fiscal year as businesses are cautious in buying the raw materials at higher volumes despite surging prices of edible oil locally amid concerns that higher prices would drive down consumption. But an increase in …

Stock market analysts have questioned the market intervention of the Bangladesh Securities and Exchange Commission (BSEC) to stop the freefall of stocks as the decline is not unique to Bangladesh as markets are bleeding across the country due to tensions over the Russian-Ukraine war, runaway oil prices and surging inflation. …