Local flour millers are facing an existential crisis as substandard imported wheat bran has flooded the market, undercutting local producers.     Almost half of the flour mills have ceased operations after being unable to compete with the import of cheaper and low-quality

Remittance inflow declined by 21.47 per cent to $1.59 billion in August compared with that of $2.03 billion in the same month in the previous year, according to Bangladesh Bank data. The August figure was also lower than the previous month’s remittance earnings of $1.97 billion.

The Bangladesh Energy Regulatory Commission (BERC) has increased the price of a 12kg liquefied petroleum gas (LPG) cylinder by Tk144 to Tk1,284 for the month of September. In August, the price was Tk 1,140.  BERC chairman Nurul Amin announced the new price at a press conference

Several pump owners in the capital are not seen observing the indefinite strike which was called by a faction of fuel oil traders across the country from today (September 3) to press home their 3-point demand. On the first day of the strike on Sunday, several pumps were seen open in

A faction of fuel oil traders went on a strike at petrol pumps across the country from today (September 3) to press home their 3-point demand. The Bangladesh Petrol Pump Owners Association (BPPOA) since early August has been agitating for a 7.5 per cent  commission on fuel oil

A faction of Bangladesh Petrol Pump Owners Association (BPPOA) will go on a strike at petrol pumps across the country from Sunday (September 3) to press home their 3-point demand. The demands are setting the fuel oil sales commission at 7.50 percent, publishing gazette recognising

Bashundhara Group provided 95 percent of the cement used in the construction of Dhaka's first Elevated Expressway. The country’s first ever elevated expressway was inaugurated by Prime Minister Sheikh Hasina at 3:30 pm on Saturday. However, traffic movement will begin from

Mohamed Al Fayed, the former Harrods boss whose son Dodi was killed in a car crash alongside Diana, Princess of Wales, has died aged 94. Born in Egypt, he built a business empire in the Middle East before moving to the UK in the 1970s. However, he never realised his ambition to gain

Foreign Minister AK Abdul Momen on Friday (Sep 1) held meeting with a high-powered business delegation from the United States at the State Guest House Padma. The Ministry of Foreign Affairs source confirmed the matter. According to source, both sides discussed the long-term trade

Biman Bangladesh Airlines is set to resume its much waited direct Dhaka-Narita-Dhaka flight tonight aspiring to make the Bangladesh Japan direct air connectivity as a profitable route.   The inaugural flight will take off from Dhaka's Hazrat Shahjalal International Airport at

Fragile countries, and those impacted most by conflict, are already being unevenly hit by the effects of climate change, and are less able than other countries to mitigate those impacts, according to a report published by the International Monetary Fund (IMF) on Wednesday. Fragile and

Erratic climate conditions - including the driest August in more than a century - have sent food prices spiralling above 11% in India, which is a major player in global agri-trade. Just as tomato prices begin cooling down, onions have gotten dearer by a quarter since June in the

OpenAI has said it was launching a business version of ChatGPT as its artificial intelligence sensation grapples with declining usership nine months after its historic debut. ChatGPT Enterprise will offer business customers a premium version of the bot, with "enterprise

Chevron workers at two major liquefied natural gas (LNG) facilities in Australia are set to strike over pay and conditions, raising fears of new turmoil in global energy markets roiled by the war in Ukraine. Workers at the Gorgon and Wheatstone facilities in Western Australia will

Toyota, the world’s biggest carmaker, has halted operations at most of its assembly plants in Japan following a system malfunction. The Japanese car manufacturer suspended operations at 12 of its 14 domestic plants after the glitch left the company unable to order components, a

Shares in embattled Chinese developer Evergrande have fallen by around 80% as they started trading in Hong Kong for the first time in a year and a half. The shares have lost more than 99% of their value in the last three years as Beijing cracked down on property firms. Evergrande is

A Rajshahi-based exporting organization has exported gourmati and katimon varieties of mangoes to Russian markets from Rajshahi for the first time. Air Arabia G9-517 flight departed from Dhaka with 200 kilograms of gourmati and 100 kilograms of katimon for Russia on Saturday morning.

India has imposed a 20% duty on exports of parboiled rice with immediate effect, a move that could further reduce shipments from the world’s largest exporter and lift global rice prices, which are already trading near their highest levels in 12 years. Last month, India surprised

The Directorate of National Consumer Rights Protection (DNCRP) decided to continue to monitor the market strictly so that no unholy businessman can manipulate the price of onion or hoard excessively such essential item showing any excuse. Director General (DG) of the Directorate of

Jewellers hiked gold prices by Tk 2,222 per bhori on Thursday (August 24) which set a new record, with each bhori now priced at Tk 1, 01,244 in Bangladesh.  The new price will be effective from Friday (August 25), said a press release of Bangladesh Jewellers' Association