Thursday, 28 Nov, 2024

Business

Govt to import condensate for reopening private refineries

Twelve private plants that separate the liquid into individual products, such as diesel, petrol and octane have remained closed for several months due to a supply shortage of condensate from local gas fields and a High Court order on ensuring environment-friendly petroleum products.

Finance Minister leaves Dhaka for Geneva

Finance Minister of Bangladesh AHM Mustafa Kamal on Saturday left Dhaka for Geneva to attend the Asia-Pacific Regional Review Meeting on the implementation of IPoA in preparation for the 5th UN Conference on the LDC (UNLDC-5).  The regional review meeting will be held on August 30

Germany ‘needs 400,000 immigrants a year’

Desperate for more workers, Germany will need to allow significantly more immigrants with sought-after skills into the country, the head of the country’s jobs agency said Tuesday, reports Daily Sabah. Issuing an urgent appeal to the government, Detlef Scheele, head of the Federal

E-Orange owner among 3 on 5-day remand

A Dhaka court on Monday placed eorange.shop owners Sonia Mehzabin and two others on a five-day remand each in a Tk 1,100 crore fraud case. Two other accused are -- her husband Masukur Rahman and Operating Officer of the e-commerce company Amanullah. Dhaka Metropolitan Magistrate

Gold price rises by Tk 1,516 per bhori

Bangladesh Jewellers' Association (BAJUS) has decided to increase the price of gold in the domestic market by Tk 1,516 per bhori. The new rate will be effective from Sunday (Aug 22), says a press release. The prices of gold in the local market had been adjusted in line with the

IMF suspends Afghanistan's access to funds

The International Monetary Fund (IMF) has said Afghanistan will no longer be able to access the lender's resources.   The move follows the Taliban's takeover of the country last weekend.   An IMF spokesperson said it was due to "lack of clarity within

Novoair to operate 6 flights to Cox’s Bazar from Friday 

Novoair, one of the private airlines of the country, has decided to operate its six flights daily on Dhaka-Cox's Bazar-Dhaka route from tomorrow. They also announced a holiday package for Cox's Bazar. Novoair will operate daily from Dhaka at 8:30 am, 9:30 am, 12 pm, 1:30 pm,

Rangs Motors Ltd awarded for selling highest number of buses

Rangs Motors Ltd. has recently won the "Best Commercial Vehicle Dealer 2020- 2021" award at the virtual Annual Dealer Conference 2021 hosted by Volvo-Eicher Commercial Vehicles. The company has also earned an award for its excellent in-house competence development process.

bKash introduces reward points with transaction

bKash customers can now earn reward points with transaction to their own accounts. They can avail different offers including cashback using those reward points afterwards.  The more transactions will be made, the more ‘bKash Rewards’ points will be added to account,

Meghna Group owner a symbol of inspiration

There is a story behind how ordinary people become extraordinary. Mostafa Kamal, Chairman & Managing Director of Meghna Group of Industries, is such a person who emerged as an owner of 30 industries from a salt seller. The success of Mostafa Kamal has become a symbol of inspiration

Banks to remain closed on August 1, 4 

Banks will remain closed on next Sunday (Aug 1) and Wednesday (Aug 4) as per the latest instruction of Bangladesh Bank. Besides, the transaction period has been extended by an hour on August 2, 3 and 5 in next week. The central bank’s department of offsite supervision issued a

Banks open after a 5-day break

Banks and financial institutions in Bangladesh opened on Sunday after a five-day break on account of the holy Eid-ul-Azha festival and weekly holidays. All banks will remain open for customers for only three-and-a-half hours daily due to the country-wide 14-day strict lockdown

"Evaly activities and hotline numbers were on, are on"

In response to the news published recently by some media outlets that the hotline of Evaly's office, activities and customer service call center were closed, the ecommerce company has made a statement clarifying their position on the issue.  Evaly has ruled out the

Court issues travel ban on Evaly Chairman, MD

A Dhaka court issued a travel ban on e-commerce platform Evaly's chairperson Shamima Nasreen and her husband managing director (MD) Mohammad Russel. Mahmud Hossain Jahangir, prosecutor of Anti-Corruption Commission (ACC), confirmed the matter on Saturday morning. Metropolitan

Mastercard: India stops payment service provider from issuing cards

India's central bank has barred Mastercard indefinitely from issuing new debit or credit cards to domestic customers. The Reserve Bank of India has accused the company of violating data storage laws. The bank said Mastercard had not complied with rules requiring foreign card

High fuel prices in India poses risk of smuggling from Bangladesh

As petrol and diesel prices have continued to remain high in India, the risk of fuel smuggling to the neighbouring country is rising day by day. Bangladesh government now plans to adjust petroleum fuel prices fearing the smuggling of costly fuel to India due to the price mismatch,

Bashundhara Group MD inaugurates corporate head office of Rongdhanu Group

Bashundhara Group Managing Director Sayem Sobhan Anvir inaugurated the new corporate head office of Rongdhanu Group at Rongdhanu Business Point in Bashundhara Residential Area in the capital on Sunday. Shamim Osman, MP and Rongdhanu Group Chairman Rafiqul Islam were also present on the

Fuel rates touch record high in India

Fuel prices continue to soar across India and touched a record high affecting its people adversely and worsening the situation amid the ongoing pandemic. Fuel costs have been ratcheted up to current levels by the combined effects of rising benchmark Brent prices and numerous tax hikes

11th Social Business Day held

The 11th Social Business Day, hosted by Nobel Peace Laureate Professor Muhammad Yunus, took place from 28 June-2 July 2021, brought together more than 2,300 participants, globally from more than 110 countries ---with over 10,000 viewers on average per day on social media platforms and in

E-commerce guidelines come into force for consumers' sake

Amid growing impact of digital platforms in the country, the Ministry of Commerce on Sunday issued operational guidelines for the e-commerce sector to empower consumers and protect their rights. According to the new guidelines, an agreement must take place between the marketplace