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Current News

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 …

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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. …

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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 …

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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” …

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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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