The number of people who go on vacation in Kuakata has increased exponentially ever since Padma Bridge was opened in June this year. Known for its panoramic sea beach that provides a great place to watch the sunrise or sunset, Kuakata attracts local and foreign tourists alike on public holidays …
Read More »Oil drops as Russian price cap proposal eases tight supply fears
Oil trickled down on Thursday, hovering around two-month lows, as the proposed price cap on Russian oil from Group of Seven (G7) nations was considered higher than the current trading levels, alleviating concerns over tight supply. A greater-than-expected build in US gasoline inventories and widening COVID controls in China added …
Read More »Dhaka seeks Rome’s support for continuing GSP
Commerce Minister Tipu Munhsi today sought support of Italy to continue the Generalized System of Preferences (GSP) facilities in favour of Bangladesh for six more years beyond the LDC graduation. The commerce minister sought such support when Italian Ambassador to Bangladesh Enrico NUNZIATA met him at his secretariat office today. …
Read More »Oil prices plunge over 5% on weaker China demand fears
World oil prices plunged more than five percent Monday, reaching the lowest levels since January, on forecasts of a hit to Chinese demand. Brent North Sea crude slumped 5.5 percent to $82.84 per barrel and WTI shed 5.7 percent to $75.55 as China’s first coronavirus death in six months triggered …
Read More »Experts: Modern practices will boost agri export to US
Bangladesh could boost its export earnings significantly by grabbing a share of the US’ agricultural imports, which is above $180 billion annually. And to grab a good share, quarantine infrastructure as well as production of safe food must have to be ensured, said speakers at the AmCham November Luncheon Meeting …
Read More »Remittance inflow unlikely to reach November target
If the current trend of remittance inflow to Bangladesh continues, the country will be unable to meet its monthly remittance target of $2 billion in November. According to Bangladesh Bank data, expatriates sent only $1.05 billion in the first 18 days of the ongoing month. This figure was published in …
Read More »National Export Trophy award ceremony today
The government is set to distribute the National Export Trophy for fiscal year (FY) 2018-19 today (Tuesday). A total of 72 companies have been selected for the award for their outstanding contribution to the export sector, officials said. Rifat Garments Ltd. (Ha-meem Group) will receive “Bangabandhu Sheikh Mujib Exports Trophy” …
Read More »NBR collects over Tk 90,901cr revenue in four months
The National Board of Revenue has collected Tk 90,901.99 crore in the July-October period of the current fiscal year, against the target of Tk 97,306.86 crore. According to NBR’s latest data, revenue collection has grown by 14.17 per cent on average so far in October, compared to FY 22. In …
Read More »Ctg port container movement falls in October
Movement of import and export-laden containers through the Chattogram port in October was lower both year-on-year and compared to that in the previous two months, reflecting a gradual slowdown in foreign trade amidst global economic downtrends. However, in case of export-laden containers over the last 10 months till October, it …
Read More »Power tariff hike will add to woes
The decision to increase the wholesale price of electricity by 19.92 per cent to Tk 6.20 per unit has raised concerns among businesses who say consumers may soon have to bear the added burden. However, the government has assured that the retail price of electricity will not increase for general …
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