LPG cylinder price drops to Tk 1,885 for June
The government has reduced the price of liquefied petroleum gas for June. The price of a 12kg LPG cylinder has been fixed at Tk 1,885, down by Tk 55 from Tk 1,940. The Bangladesh Energy Regulatory Commission announced the new rates in a statement on Tuesday (June 2). The price of autogas, used in vehicles, has also been reduced to Tk 86.93 per litre from Tk 89.50. The new rates will...
Poor hide preservation deprived many of fair prices: Minister
Commerce Minister Khondaker Abdul Muktadir has said many traders failed to sell sacrificial animal hides at government-fixed prices because of a lack of awareness about proper preservation. He made the remarks while responding to questions from reporters at his office in the Secretariat on Monday (June 1). The minister said rawhide spoils quickly if salt is not applied immediately after...
Octane, petrol, kerosene prices rise by Tk 5 per litre
The government has raised the prices of octane, petrol, and kerosene by Tk 5 per litre for June, while keeping diesel prices unchanged. The Energy and Mineral Resources Division fixed the new prices in a gazette notification issued on Sunday night (May 31). Under the revised rates, diesel will remain at Tk 115 per litre. Octane has been raised to Tk 145 per litre, petrol to Tk 140 and...
Minister explains why fuel prices went up
Information and Broadcasting Minister Zahir Uddin Swapan has said fuel prices were raised to keep domestic rates aligned with the ongoing crisis in the international market. He made the remarks while speaking to reporters at his office in the Secretariat on Monday (June 1), the first working day after the long Eid holiday. Asked about the fuel price hike, the minister said Bangladesh is an...
Padma, Jamuna bridges collect Tk 64cr in Eid tolls
Bangladesh Bridge Authority collected nearly Tk 64 crore in tolls from Padma Bridge and Jamuna Bridge over 10 days of Eid travel. A total of 6,79,997 vehicles crossed the two bridges between May 21 and May 30, the authority said in a press release. Of them, 3,18,515 vehicles crossed Padma Bridge, generating Tk 36,11,95,900 in toll revenue. During the same period, 3,61,482 vehicles...
Jamuna Bridge collects Tk 3.25cr toll from 40,000 vehicles
Nearly 40,000 vehicles crossed the Jamuna Bridge in 24 hours as people from the northern districts headed home to celebrate Eid with their families. A total of 39,919 vehicles crossed the bridge in the 24 hours until midnight on Sunday (May 24), generating Tk 3,25,15,650 in tolls, Jamuna Bridge Site Office Executive Engineer Syed Riaz Uddin said on Monday morning (May 25). Of the vehicles,...
Gold, silver prices rise ahead of Eid
The Bangladesh Jewellers Association (BAJUS) has raised the prices of gold and silver in the local market ahead of Eid, following an increase in the price of pure gold. The new rates came into effect at 10am on Monday (May 25), BAJUS said in a notice. The decision was taken at a meeting of the BAJUS Standing Committee on Pricing and Price Monitoring on Monday morning. The notice was signed...
Indian firms look abroad as growth slows at home
Indian companies are stepping up overseas acquisitions as slowing domestic growth, weak private investment and global uncertainty push them to seek markets, technology and diversification abroad. In late April, Sun Pharmaceutical Industries agreed to acquire New York-listed women’s health and biosimilars company Organon & Co in an all-cash deal valued at $11.75bn. The transaction marked one...
Banglabandha land port to suspend trade for Eid
Import and export activities through Banglabandha land port in Panchagarh will remain suspended for seven days on the occasion of Eid-ul-Azha. The suspension will run from Monday (May 25), to Saturday (May 31). Trade activities are scheduled to resume at 9am on Monday (June 1), as before. Banglabandha Land Port Ltd Manager Abul Kalam Azad confirmed the matter on Monday morning (May 25)....
Oil prices fall on hopes of US-Iran deal
Oil prices fell sharply on renewed hopes that the United States and Iran were moving closer to a deal that could help end the US-Israel war on Iran and reopen the Strait of Hormuz. Brent crude, the global benchmark, fell by more than 4 percent on Sunday, with July futures trading around $98.83 a barrel. Prices remain well above levels seen before the war began, but have eased from recent...
Jamuna Bridge collects Tk 2.96cr in tolls in 24 hours
Traffic through the Jamuna Bridge has doubled compared with normal days as Eid holidaymakers head home, with more than 32,000 vehicles crossing the bridge in 24 hours. A total of 32,649 vehicles crossed the bridge in the 24 hours until midnight on Saturday (May 23), generating Tk 2,96,69,900 in tolls, Jamuna Bridge Site Office Executive Engineer Syed Riaz Uddin said on Sunday morning (May 24)....
EU ambassadors visit Apex’s factory, laud company’s sustainability efforts
A high-level delegation from the European Union visited Apex Footwear Limited’s factory in Shafipur, Gazipur, to observe how global best practices are maintained in Bangladesh’s footwear and leather industry. The delegation, led by EU Ambassador Michael Miller witnessed the facility as part of a broader EU effort to advance industry-wide sustainability. German Ambassador Rüdiger Lotz and...
DSE turnover rises as stocks post strong gains
Stocks ended higher on the first trading day of the week, with the key index posting a strong gain on the Dhaka Stock Exchange. Trading on the DSE rose on Saturday (May 23), while turnover fell on the Chittagong Stock Exchange. According to DSE and CSE data, the benchmark DSEX index rose 64 points to close at 5,328. The Shariah index gained seven points to 1,077, while the DS30 index...
BB announces Tk 60,000cr package to revive closed factories
Bangladesh Bank has announced a Tk 60,000 crore stimulus package to reopen closed industrial units and create new jobs, with the central bank expecting the scheme to generate employment for more than 25 lakh people. Governor Md Mostaqur Rahman announced the package at a press conference at Bangladesh Bank headquarters on Saturday (May 23). He said the initiative would help reopen shuttered...
SpaceX files for IPO that could lift Musk’s wealth above $1tn
SpaceX has unveiled plans to go public in the United States, in a stock market listing that could become the largest initial public offering in Wall Street history. The company, formally known as Space Exploration Technologies, makes rockets, operates the Starlink satellite internet service and has recently absorbed Elon Musk’s artificial intelligence business, xAI. The IPO could begin...
Samsung union suspends strike after tentative AI bonus deal
Samsung Electronics’ largest union has suspended a planned strike after reaching a last-minute tentative pay agreement with the South Korean technology giant. The decision eased concerns about possible disruption at the world’s largest memory chipmaker at a time when demand for artificial intelligence chips has surged. The union, which represents about 48,000 workers, said the planned...
Gold price increases by Tk 2,157 per bhori
The Bangladesh Jewellers Association (BAJUS) has raised gold prices in the local market, setting the price of 22-carat gold at Tk 2,38,120 per bhori. The new rates came into effect at 10am on Thursday (May 21), following a decision by the BAJUS Standing Committee on Pricing and Price Monitoring. The decision was announced in a notice signed by the committee’s chairman, Dr Dewan Aminul...
Stone imports resume through Sonamasjid land port
Stone imports from India through the Sonamasjid land port in Chapainawabganj resumed on Tuesday (May 19) after a suspension of more than two weeks. The decision came after an online meeting between importers and exporters of the two countries, where they agreed to fix the assessment value of stone at $14 per tonne. The hour-long Zoom meeting was held on Monday afternoon and the decision was...
Bangladesh Bank releases redesigned Tk 5 note
Bangladesh Bank has released a redesigned Tk 5 note with new features under the theme “Historical and Archaeological Architecture of Bangladesh”. The note, signed by Finance Secretary Dr Md Khairuzzaman Mozumder, entered circulation on Tuesday (May 19). It is being issued initially from Bangladesh Bank’s Motijheel office and will later be released from other offices of the central...
