Current News

Oil prices jumped by about $4 on Monday as Opec+ considers reducing output by more than 1 million barrels per day (bpd) to buttress prices with what would be its biggest cut since the start of the Covid-19 pandemic. Brent crude futures rebounded by $3.77, or 4.4 per cent, to …

The slowdown in demand and stronger US dollar worldwide has pushed down cotton prices in the international market, raising hopes of increased work orders from global brands and retailers among local garment makers. Cotton prices fell to around 84-85 cents per pound in the International Futures yesterday from the previous …

One of the Rampal power plant’s two units was inaugurated last month but it still requires some machinery to practically start running. Moreover, a lack of synchronisation has led to the government incurring extra costs in the form of demurrage being paid to ships which have already arrived with coal …

Planning Minister MA Mannan yesterday claimed that inflation in Bangladesh has come down notably although the Bangladesh Bureau of Statistics (BBS) was yet to publish the consumer price index for August and September. The consumer price index measures change over time in the prices paid by consumers for a representative …

Bangladesh’s apparel export to the European Union (EU) rose by 44.6% to $11.31 billion during the first six months or first half (H1) of 2022, according to the latest import statistics revealed by the European Statistical Office, Eurostat and compiled by the BGMEA. In the same period last year, Bangladeshi …

The Central Bank set the private sector credit growth of 14.1% for this fiscal year, which is close to what has been achieved in August. However, the growth may not be a good indicator of investments as inflation and the Taka’s depreciation is forcing the private sector to borrow more. …

The price of soybean oil decreased to $1,390-$1,425 per metric ton and the price of palm oil stood at $850-$900 per metric ton in the global market during the last week of September, according to Statista. The price of soybean oil and palm oil per ton jumped to a record …

The export of RMG items to European Union (EU) has witnessed a robust growth of 45 percent during the January-June period of this year compared to the same period last year. According to data from the Eurostat under the European Commission (EC), the import of RMG items to EU market …

Ten most-traded firms accounted for 41 per cent of transactions on the Dhaka Stock Exchange (DSE) last week, with Orion Pharma leading the chart for a second straight week. For the past few weeks, some selective stocks have ruled the DSE turnover list, which market analysts termed an ‘irrational hype’ …

The World Bank has announced $530 million in supplemental funding for Ukraine to enable it to ‘meet urgent needs created by Russia’s invasion.’ The support, in the form of a new loan from the International Bank for Reconstruction and Development, is being guaranteed by Britain to the tune of $500 …