Investing in water, sanitation and hygiene (WASH) for employees in companies can ensure further prosperity in business and increase productivity, said a new global study that includes Bangladesh. The findings of the first-of-its-kind research, done by WaterAid and supported by HSBC for over a two-year period, were published on Tuesday. …
Read More »Russia, Iran, and Azerbaijan strike deal to ease trade
Moscow, Tehran and Baku have signed a memorandum on facilitating the transit of goods, the Russian trade mission in Iran announced in a statement published on its Telegram channel on Monday. “A memorandum between Russia, Iran and Azerbaijan on the facilitation of transit transportation was signed in Tehran on August …
Read More »Padma’s oil tank sealed off for duty dodging
For the past two months a storage tank of state-run Padma Oil Company containing nearly 6,000 tonnes of furnace oil has been kept sealed off by Custom House, Chattogram on charges of dodging duty of Tk 116.74 crore. According to customs documents, 19 consignments comprising some 45 tonnes of furnace …
Read More »Oil steady as fears of imminent OPEC+ output cut fade
Oil prices were little changed on Wednesday as the market grappled with supply concerns amid the sanctioning of Russian shipments and the initial shock of comments that major producers would cut output wore off. Brent crude futures for October settlement were down 6 cents, or 0.06 per cent, to $100.16 …
Read More »Pandemic sets back fight against poverty in Asia by at least 2 years
The Covid-19 pandemic has set back the fight against poverty in Asia and the Pacific by at least 2 years, and many in the region will likely find it harder than before to escape poverty, according to a report from the Asian Development Bank (ADB). The region’s economic growth this …
Read More »PM offers land to Qatar in economic zones
Prime Minister Sheikh Hasina offered land on Monday to Qatar in the special economic zones being set up across Bangladesh alongside seeking more help from the gulf country in the energy sector, particularly in LNG import. “Bangladesh is setting up 100 special economic zones. Qatar can take land in the …
Read More »Mango production rises by 6 lakh tonnes in a decade in Rajshahi
Mango production has increased by around six lakh tonnes amid promotion of high yielding varieties and modern technologies in the region, including its vast Barind tract, during the last one decade. Experts opined the enhanced yield has created a new dimension in the field of infusing dynamism into the local …
Read More »FBCCI demand actions against egg price manipulators
The Federation of Bangladesh Chambers of Commerce and Industry on Monday at a programme demanded punitive measures against the manipulators in the egg market. The country’s apex trade body came up with the demand at the discussion on essential commodities arranged by the FBCCI held at its seminar room in …
Read More »WB already committed $15bn for 55 projects, says outgoing Country Director
The World Bank has already committed to providing $15 billion or nearly Tk 1.38 trillion in loans for 55 ongoing projects in Bangladesh, its outgoing Country Director Mercy Tembon has informed. Tembon said this in a farewell meeting with Planning Minister MA Mannan on Monday. They also discussed different aspects …
Read More »Soybean oil price increased to Tk 192 per litre
Refiners have hiked the prices of soybean oil by nearly 4 per cent to Tk 192 per litre, said a press release today. The new prices have been made effective from today, said Bangladesh Vegetable Oil Refiners’ and Vanaspati Manufacturers’ Association. The refiners also hiked the prices of loose or …
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