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
March 9, 2022
Runaway energy prices raise alarm
The runaway fuel oil and gas price in the international markets has already hit Bangladesh’s foreign exchange reserves and intensified pressures on the exchange rate amid the escalation of imports at higher prices.
March 3, 2022
Bangladesh feels the heat of Ukraine invasion
The far-reaching implications of an ongoing rally in oil prices amid Russia’s invasion of Ukraine have already descended on Bangladesh as the state-owned Bangladesh Petroleum Corporation (BPC) is losing Tk 19 crore per day.
February 10, 2022
Now water getting costlier
Water prices in the capital are set to see a sharp rise after Dhaka Wasa yesterday said that it wants the government to approve a “20 percent hike” in tariffs.
February 9, 2022
BPC counts Tk12cr loss daily for higher diesel price
The government is counting a loss of Tk 12.40 crore per day in selling diesel to customers as the price of the most-consumed fuel in Bangladesh is on the rise in the global markets.
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