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
July 30, 2024
Fishing trawlers lying idle for rough sea
Fishers in coastal regions of Bangladesh have yet to begin operations as the sea remains rough due to a low-pressure area in the Bay of Bengal, according to industry people..Besides, this delay could cause losses for fishers as they already had to suspend their activities during an annual
July 28, 2024
Diesel sales jump as curfew eases
As traffic movement on highways resumed following the relaxation of the nationwide curfew imposed by the government, fuel transportation from depots to filling stations started in full swing on Wednesday.
July 24, 2024
Fuel sales drop by 89.3pc
The ongoing curfew, which began on Saturday, has resulted in fewer vehicles plying streets throughout the country. As a result, fuel sales have decreased significantly.
July 14, 2024
Summit’s floating LNG terminal back in Bay after repairs
Summit’s floating LNG terminal returned to the Bay of Bengal near Moheshkhali after repairs from the damages done by Cyclone Remal in May.
March 24, 2024
Flouting recruitment process: Ex-CU VC hired 172 without ads even
Chittagong University recruited 172 employees without any advertisements and recruitment tests during the tenure of immediate past vice chancellor Shireen Akhter.
March 18, 2024
Hijacked MV Abdullah: ‘Beware of what you publish’
The authority or owning firm of the ship, which has been hijacked by Somali pirates, needs to exercise caution while making comments to the media, said a former captain of a vessel who went through the same ordeal.
March 13, 2024
23 Bangladeshis held hostage by ‘Somali’ pirates
Suspected Somali pirates yesterday hijacked a Bangladesh-flagged cargo ship with 23 crew members in the Indian ocean, according to the company that owns the vessel.
February 28, 2024
In a first, diesel to be pumped thru deep sea pipeline
After a long wait, diesel transportation is going to start through the first-ever undersea fuel pipeline
February 22, 2024
Undersea pipeline: Diesel to start flowing to ERL from Feb 29
Diesel transportation from Moheshkhali’s storage tank terminal through the pipeline laid under the sea will finally start on February 29.
November 22, 2023
AL MP appoints foreigner to pvt university post in violation of rules
A Pakistani citizen has been illegally working at a private university in Chattogram for nearly two and a half years after being appointed by a local ruling-party lawmaker, who is also chairman of the board of trustees of the institution
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