News

The hard-rock mined by Maddhapara Granite Mining Company Limited (MGMCL) in Parbatipur upazila of Dinajpur is getting costlier for end-users as dealers are charging higher rates than that of the state-run company. MGMCL, which commenced commercial hard-rock mining in May 2007, belongs to Petrobangla, another state-run company that manages mineral …

The price of aluminium products in the domestic markets has increased abnormally in the last couple of weeks due to the rising cost of raw materials at the international level, according to industry insiders. Due to the impact of Russia’s invasion of Ukraine, the price of construction-grade aluminium has increased …

The unprecedented hike of global oil prices amid the Russia-Ukraine war has created huge pressure on state-owned Bangladesh Petroleum Corporation (BPC) as the state agency is incurring a loss Tk 350 million every day, officials said. The state-run agency is now facing a loss of Tk 24 per litre on …

Padma Bridge and its rail link on the Bhanga-Mawa section are not going to open to the public on the same day as rail line installation on the bride has not yet started because of ongoing gas pipeline work. The government has a plan to open the Padma Bridge by …

No refiners and wholesalers would be allowed to sell edible oil without providing a money receipt to the buyers from Friday, according to a decision of the Directorate of National Consumer Rights Protection. The decision came from a DNCRP meeting with wholesalers and retailers on Tuesday on the supply and …

The World Bank on Monday approved an additional $489-million package in support for Ukraine, to be made available immediately and dubbed “Financing of Recovery from Economic Emergency in Ukraine.” On March 1, the Washington-based institution announced it was preparing emergency aid worth $3 billion for Ukraine, of which at least …

Stocks in Bangladesh continued to rise in the first hours of trading today thanks to the regulator’s decision of not allowing any stock to fall more than 2 per cent in a day. Yesterday, the Bangladesh Securities and Exchange Commission (BSEC) has lowered the circuit breaker limit to 2 per …

Bangladesh’s current account deficit hit an all-time high of $10 billion in just the first seven months of the ongoing fiscal year due to the escalation of trade deficit and dwindling remittances. The large shortfall in the current account will only widen further because of the ongoing pressure on the …

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan has said Bangladesh and India has enormous scope to complement each other for the development of apparel and textile industries of both neighboring countries. He stressed the need for more collaboration and cooperation between the two neighboring countries involving business …

National Board of Revenue (NBR) Chairman Abu Hena Md Rahmatul Muneem has said that widening the tax net is a must for easing the tax burden. He also said that ensuring compliance of the corporations is essential for better operations of businesses and VAT collection. The NBR Chairman said this …