Oil rallies as Saudi Arabia and Russia cut exports

Oil rose on Monday after top exporters Saudi Arabia and Russia announced supply cuts for August, overshadowing concern over a global economic slowdown and the potential for further increases to US interest rates.
3 July 2023, 18:00 PM

Bangladesh earns $55.55b in export receipts in FY23, the highest-ever

Shipment fetched $52.08 billion in the previous financial year of 2021-22, according to data from the Export Promotion Bureau (EPB).
3 July 2023, 10:33 AM

Uninterrupted energy needed at affordable prices

An uninterrupted energy supply and affordable pricing are necessary to maximise productivity and avoid exacerbating inflationary difficulties, said Md Sameer Sattar, president of the Dhaka Chamber of Commerce and Industry (DCCI).
3 July 2023, 00:55 AM

Clothing brand for big people making a splash

Like many in Bangladesh, Farhan Tanvir often struggled to find suitable clothing given his large size.
3 July 2023, 00:30 AM

Migrant workers sent home $21.61b in FY23

Migrant workers sent $21.61 billion to Bangladesh in the just-concluded fiscal year as remittance rebounded on the back of higher flow on the occasion of Eid-ul-Azha and a record outflow of labourers, official figures showed yesterday.
3 July 2023, 00:20 AM

Transformative power of ChatGPT

If one technological innovation is to be cited for capturing much of the talk time in discussions ranging from drawing rooms to corporate offices and academic institutions, it is ChatGPT. Released by Open AI in November 2022, this is a language model based on artificial intelligence (AI).
3 July 2023, 00:15 AM

New fiscal year, old challenges

When a year passes, those who had a good time look forward to continuing the momentum while those who had struggled to keep their head above water might breathe a sigh of relief.
3 July 2023, 00:00 AM

Oil settles higher

Oil prices settled higher on Friday but posted their fourth straight quarterly loss as investors worried that sluggish global economic activity could crimp fuel demand.
2 July 2023, 18:00 PM

Two banks to raise Tk 900cr thru bonds

Two private lenders -- Dhaka Bank and Prime Bank -- will issue bonds to raise a total of Tk 900 crore.
2 July 2023, 18:00 PM

93 tonnes of green chili imported so far

About 93 tonnes of green chili have arrived in Bangladesh since the government allowed the import of the kitchen staple a week ago in order to tame its skyrocketing price, according to a notification from the agriculture ministry.
2 July 2023, 18:00 PM

Opec oil output drops slightly

Opec oil output has fallen only slightly in June as increases in Iraq and Nigeria limited the impact of cutbacks by others, despite a wider Opec+ deal and voluntary cuts by several members to support the market, a Reuters survey found on Friday.
2 July 2023, 18:00 PM

Delwer becomes independent director of Standard Bank

AKM Delwer Hussain has been appointed as an independent director of Standard Bank Limited.
2 July 2023, 18:00 PM

Eastland Ins gets new independent director

Hedayetullah Al Mamoon, former senior secretary, was recently appointed as an independent director of Eastland Insurance Company Limited.
2 July 2023, 18:00 PM

EBL wins ‘Best Domestic Bank in Bangladesh’ award

Eastern Bank Limited (EBL) won the “Best Domestic Bank in Bangladesh 2023” award given by The Asiamoney, a London-based financial and management publication.
2 July 2023, 18:00 PM

Eid vacation raises concern for mango farmers

The ongoing holiday centring Eid-ul-Azha has raised concerns among mango farmers that prices for the fruit may decline further in coming days despite the high production cost.
28 June 2023, 00:50 AM

Motorcycle sales in the slow lane ahead of Eid

Sales of motorcycles, particularly low-end ones, were disappointing ahead of the upcoming Eid-ul-Azha as the ongoing inflationary pressure has limited peoples’ purchasing power, according to market players.
28 June 2023, 00:40 AM

Another Eid comes, leather estate is still ill-equipped

Bangladesh’s two-decade-long quest to put in place a system that can process 100 per cent of rawhides generated during Eid-ul-Azha continues owing to the lower-than-required capacity of the Savar Tannery Industrial Estate (STIE).
28 June 2023, 00:30 AM

Barishal home to highest portion of recipients

The percentages of households and people getting support from the government’s Social Security Programmes (SSP) in Barishal are the highest among the country’s eight divisions, according to the Household Income and Expenditure Survey (HIES) 2022. 
27 June 2023, 18:00 PM

Some factories yet to pay festival bonus, wages

As of 8:00pm yesterday, about 76.92 per cent, or 2,449 of the 3,164 industrial units in Bangladesh, have paid their workers’ salaries for the first 15 days of June, according to data from the Industrial Police.
27 June 2023, 18:00 PM

Mutual fund investment tips for beginners

Mutual funds have emerged as a popular and beneficial option for individuals seeking to grow their personal wealth.
27 June 2023, 18:00 PM