Unable to open LCs, seven S Alam factories shut down
An inability to open letters of credit (LCs) since the political changeover on August 5 has resulted in the closure of at least seven enterprises owned by the S Alam Group, including its sugar and edible oil refineries and steel factory.
1w ago
BPC clears foreign dues in just two months
Bangladesh Petroleum Corporation has paid all its dues to foreign suppliers in just two months with the help of seven private banks.
2w ago
2 tankers catch fire during LPG transfer in Bay
Two tankers caught fire during ship-to-ship transfer of liquefied petroleum gas (LPG) at the anchorage off Kutubdia, Chattogram, early yesterday, in the third incident of vessels catching fire in two weeks.
1m ago
Gas crisis shutters four urea factories
Four out of five government-owned urea factories have stopped production due to an acute gas crisis, raising concerns over the availability of enough fertiliser during the ongoing Aman paddy cultivation season and the upcoming Boro paddy season.
2m ago
Tyre prices soar on rising costs for raw materials
Global hikes in tyre and tube-making raw materials rates and a factory rampage at local key manufacturer Gazi Tyres have caused a shortage and price hikes for the auto item used in lightweight two- and three-wheelers like motorbikes and auto-rickshaws.
2m ago
Onion turns Tk 5 cheaper here as India relaxes export rules
Prices of Indian onion are dropping in Bangladesh, as the neighbouring country on Friday withdrew the restriction of “minimum export price” at $550 per tonne and slashed export duty to 20 percent from 40 percent.
2m ago
Edible oil prices rise on global hike: traders
Loose and bottled soybean oil have become costlier in Bangladesh due to price hikes in the global market amid a supply shortage of the key cooking ingredient, according to traders.
2m ago
2 shell companies in Ctg drained Tk 2,343cr from Islami Bank
Islami Bank Bangladesh granted huge loans to various entities from its Chattogram branches. But there’s just one problem: thousands of crores were disbursed to firms that exist only on paper.
2m ago
November 15, 2024
Unable to open LCs, seven S Alam factories shut down
An inability to open letters of credit (LCs) since the political changeover on August 5 has resulted in the closure of at least seven enterprises owned by the S Alam Group, including its sugar and edible oil refineries and steel factory.
November 9, 2024
BPC clears foreign dues in just two months
Bangladesh Petroleum Corporation has paid all its dues to foreign suppliers in just two months with the help of seven private banks.
October 14, 2024
2 tankers catch fire during LPG transfer in Bay
Two tankers caught fire during ship-to-ship transfer of liquefied petroleum gas (LPG) at the anchorage off Kutubdia, Chattogram, early yesterday, in the third incident of vessels catching fire in two weeks.
September 23, 2024
Gas crisis shutters four urea factories
Four out of five government-owned urea factories have stopped production due to an acute gas crisis, raising concerns over the availability of enough fertiliser during the ongoing Aman paddy cultivation season and the upcoming Boro paddy season.
September 19, 2024
Tyre prices soar on rising costs for raw materials
Global hikes in tyre and tube-making raw materials rates and a factory rampage at local key manufacturer Gazi Tyres have caused a shortage and price hikes for the auto item used in lightweight two- and three-wheelers like motorbikes and auto-rickshaws.
September 15, 2024
Onion turns Tk 5 cheaper here as India relaxes export rules
Prices of Indian onion are dropping in Bangladesh, as the neighbouring country on Friday withdrew the restriction of “minimum export price” at $550 per tonne and slashed export duty to 20 percent from 40 percent.
September 10, 2024
Edible oil prices rise on global hike: traders
Loose and bottled soybean oil have become costlier in Bangladesh due to price hikes in the global market amid a supply shortage of the key cooking ingredient, according to traders.
September 3, 2024
2 shell companies in Ctg drained Tk 2,343cr from Islami Bank
Islami Bank Bangladesh granted huge loans to various entities from its Chattogram branches. But there’s just one problem: thousands of crores were disbursed to firms that exist only on paper.
August 25, 2024
BPC struggling to clear unpaid bills amid forex crisis
Six foreign fuel suppliers are piling pressure on Bangladesh Petroleum Corporation (BPC) to clear outstanding dues amounting to nearly half a billion US dollars, but a forex crunch in local banks is proving to be a major barrier to timely payments.
August 17, 2024
150-year-old British ship found in Karnaphuli riverbed
A century-old British merchant ship has been discovered at the bottom of the Karnaphuli River during dredging operations for the Chattogram Port Channel. .The 350-foot coal-powered vessel was found on August 15 in the Dangarchar area between Jetty 6 and 7 and has since been salvaged. .<
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