Oil prices rise on supply concerns, Fed rate cut expectations
Oil prices rise on supply concerns, Fed rate cut expectations

Oil prices climbed on Friday, set for a fourth consecutive weekly gain, fueled by concerns over tightening supply due to U.S. sanctions on Russian oil producers and signals from a Federal Reserve official hinting at potential interest rate cuts, reports Reuters. Brent crude futures rose by 13...

Considering alternatives to manufacturing is a miscalculation
Considering alternatives to manufacturing is a miscalculation

The manufacturing sector has long been the backbone of Bangladeshs economy, fueled by affordable gas and low-cost labor. These factors enabled rapid industrial growth despite the countrys significant investment challenges, including high infrastructure costs and elevated bank interest rates....

VAT hike to have no impact on essential goods prices: Finance Adviser
VAT hike to have no impact on essential goods prices: Finance Adviser

Finance Adviser Dr Salehuddin Ahmedassured that the recent decision to increase VAT on 43 items will not impact the prices of essential goods. He made this remark while speaking to the media following a meeting of the Advisory Council on Government Procurement at the Secretariat on Thursday (Jan...

Gold prices drop, silver remains unchanged effective from Monday
Gold prices drop, silver remains unchanged effective from Monday

Gold prices have dropped once again in the countrys market, with a reduction of Tk 1,050 per bar for high-quality 22-carat gold. Starting Monday, 22-carat gold will be priced at Tk 138,288 per bar, as announced by the Bangladesh Jewelers Association (BAJUS) in a press release on Sunday. BAJUS...

Oil prices edge higher on hopes for more China stimulus
Oil prices edge higher on hopes for more China stimulus

Oil prices edged higher on Thursday in thin holiday trading, driven by hopes for additional fiscal stimulus in China, the worlds biggest oil importer, while an anticipated decline in U.S. crude inventories also provided support. Brent crude futures rose 22 cents, or 0.3%, to $73.80 a barrel by...

IMF expresses concern over commodity prices hike in Bangladesh
IMF expresses concern over commodity prices hike in Bangladesh

The International Monetary Fund (IMF) has expressed concern over the continued rise in commodity prices in the Bangladesh market. For this, the organization has advised the interim government to take effective initiatives to reduce commodity prices. The IMF believes that the Bangladesh economy...

Govt trying to keep prices of essentials tolerable till Ramadan: Dr. Salehuddin
Govt trying to keep prices of essentials tolerable till Ramadan: Dr. Salehuddin

Finance Adviser Dr. Salehuddin Ahmed has said that the government is working to keep the prices of essential commodities within tolerable level in the market until the Holy Ramadan, reports UNB. Were trying to ensure that the prices in the market remain tolerable. But its a tough job. The nature...

Government failed to lower prices of daily necessities: Rizvi
Government failed to lower prices of daily necessities: Rizvi

BNP Senior Joint Secretary General Ruhul Kabir Rizvi on Sunday slammedthe interim government as he thinks it has been failed to take adequate steps to reduce the prices of essential commodities and curb extortion. Its factthat the government is unable to lower the prices of daily necessities,...

Severe food shortages, price spikes in Syria: UN
Severe food shortages, price spikes in Syria: UN

The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) said there are food shortages for staples like bread, oil, and sugar in big cities, including Damascus, Deir Az Zor, and Hama. The price of bread in Idlib and Aleppo cities has increased by 900 percent between November...

Ticket prices for Rahat Fateh Ali Khan's concert in Dhaka revealed
Ticket prices for Rahat Fateh Ali Khan's concert in Dhaka revealed

Pakistani music legend Rahat Fateh Ali Khan is set to perform in Dhaka at a charity concert aimed at helping with the treatment and rehabilitation of those injured in the July uprising. The event will take place at the Army Stadium in Dhaka on December 21. The tickets for the much anticipated...

Thousands of UAE homeowners become 'accidental millionaires' as property prices surge
Thousands of UAE homeowners become 'accidental millionaires' as property prices surge

A significant rise in property prices has transformed thousands of Dubai homeowners into accidental millionaires, according to a recent analysis by global real estate consultancy Knight Frank. The report highlights that nearly one in every five homes in Dubai is now valued at over $1 million, a...

Potato market continues to fluctuate
Potato market continues to fluctuate

The potato market in the country is not facing any visible crisis. While the season for old potatoes is nearing its end, the supply of new potatoes has started. There are now more seasonal potato vendors selling from vans at street corners than before. Despite this, the price of potatoes is still...

Efforts in progress to stabilize market ahead of Ramadan: Commerce Adviser
Efforts in progress to stabilize market ahead of Ramadan: Commerce Adviser

Commerce Adviser Sheikh Bashiruddin has stated that the government is actively working to stabilize the prices of essential commodities, especially in anticipation of the upcoming Ramadan. He called on media professionals to support these efforts. Speaking at a scholarship cheque distribution...

Diesel, kerosene prices fall
Diesel, kerosene prices fall

The government has reduced the prices of some petroleum products, aligning them with international prices. The new prices would be effective from 1 November. As per the updated price list, prices of diesel and kerosene have fallen by Tk0.5 to Tk105 per litre. The prices of octane and...