News

European wholesale gas prices have fallen from record peaks reached after producer Russia’s invasion of Ukraine, but energy bills remain sky high despite government help aimed at easing consumers’ pain. In Britain and the European Union, the impact of soaring gas and electricity bills has been cushioned to an extent …

Transactions through mobile financial services (MFS) dropped for a second month consecutively in August as the festival season started to flatten amid the economic downturn. The volume of transactions declined by Tk 1,723 crore to Tk 87,446 in August compared to Tk 89,169 crore a month earlier. MFS transactions had …

Sugar prices have started rising afresh to hit a record high of as much as Tk 125 per kilogramme at retail in the two main cities of Bangladesh, namely Dhaka and Chattogram, further straining the wallets of consumers as inflation continues to bite. Market prices data compiled by the state-owned …

A delegation of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) today met RAJUK chairman Anisur Rahman Miah to discuss about the effectiveness of Detailed Area Plan (DAP) to build a planned habitat and developed capital. FBCCI senior vice president Mostafa Azad Chowdhury Babu led the FBCCI delegation …

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged the National Board of Revenue (NBR) for allowing import of raw materials including yarn by roads and railways through the Bhomra, Sona Masjid and Darshana land ports. The BGMEA has made the request recently to the NBR through a letter …

Just when the country’s export-oriented readymade garment (RMG) industry was recovering from the effects of Covid-19 pandemic lockdowns, the Russia-Ukraine war plunged the industry deeper into multiple crises. According to industry insiders, the war managed to shift market trends, as Russia is one of the main energy exporters in the …

Despite Vietnam’s solar boom and ambitious climate targets, the fast-growing economy is struggling to quit dirty energy — leaving one of the world’s biggest coal power programmes largely intact. During the COP26 climate summit last year, the government boldly promised to end the construction of new coal plants and phase …

The World Trade Organization on Monday urged countries to abolish trade barriers in environmental goods and services in order to help fight climate change. In its annual World Trade Report, the WTO says international commerce should not be pitted against combating the climate crisis. The report comes as global leaders …

The implementation of the National Social Security Strategy has made a little headway since its formulation and adoption in 2015 due to inadequate and weak institutional capacities, according to a report. The report jointly prepared by the international Labour Organisation and the Research and Policy Integration for Development said that …

The International Monetary Fund (IMF) team did not raise the issue of lifting floor prices during its meeting with the Bangladesh Securities and Exchange Commission (BSEC) yesterday, said Mohammad Rezaul Karim, spokesperson of the regulator. In July, the stock market regulator set the floor price for each stock to halt …