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
June 22, 2022
Living in a death trap
On August 18, 2008, 11 people, including five members of the same family, died in a landslide at Matijharna of the city’s Lalakhan Bazar.
June 11, 2022
Sitakunda: Living in a death trap
Unplanned industrialisation in Sitakunda without proper safety measures has made local people live in constant fear especially after the BM container depot disaster.
June 6, 2022
Together in crisis
Right after the news of the deadly explosion at Sitakunda BM Depot broke, around 200 students of Chattogram University head out in two buses, in the middle of the night.
June 1, 2022
Taking care of the strays
Even though pets are taken care of with much affection, the same can’t be said about animals on the street. These strays often suffer from different illnesses, but there’s no one to tend to them.
May 30, 2022
Tyre imports fall on BB curbs
Tyre importers in Bangladesh have been hit hard by the rise in the exchange rate and the doubling of the cash businesses require to pay in advance to open letters of credit to bring in the item.
May 29, 2022
Rice bran oil: Traders fear losing $200cr business for export bar
Local exporters are apprehending losing annual business worth $200 crore for a recent commerce ministry gazette barring rice bran oil export, for which a large number of letters of credit (LC) opened by foreign buyers have been blocked.
May 25, 2022
Dhaka-Ctg fuel pipeline: Construction 50% complete
The installation of a fuel pipeline from Chattogram to Dhaka is progressing at a brisk pace as about half of the work is already complete while the rest is expected to be complete by December, according to project officials.
May 23, 2022
Trial farming of vannamei shrimp to begin in Chattogram
After a long wait, the experimental farming of vannamei is set to begin in the Chattogram region that could pave the way for the commercial production of a shrimp variety that rules the roost in the global market.
April 28, 2022
Spice price shoots up ahead of Eid
With Eid approaching, the spice market has stocked up on consumer goods. However, even though the wholesale market is somewhat stable in terms of the price of spices, retailers are selling the products to consumers at a higher margin.
April 20, 2022
Patiently threaded, diligently made
With Eid approaching, the artisans of the port city’s Bihari Palli, who specialise in zardozi and karchupi work (intricate designs done by hand with beads and metal thread embroidery) are working day and night to straighten out their orders at different boutiques of the region.
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