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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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

The amount of money transacted through the mobile financial service soared to Tk 94,293 crore in June due to the diversification of the service by the operators. The transaction in June was 23.56 per cent or Tk 17,981 crore higher than the Tk 76,312 in the previous month and it …

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 …