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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 …

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. …

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 …

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 …

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 …

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” …

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 …

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 …

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 …

Firms, both local and foreign, have put on hold their investments in Bangladesh owing to the surge in the dollar price, the energy crisis, the escalated cost of production, and the deep uncertainty caused by the Russia-Ukraine war. One of the key indicators of the investment situation is the import …