Corporate

Staff Correspondent: The local sugar market has become volatile, as prices shot up to Tk100-120 a kg, up by Tk10-20 a kg in only four days as refineries cut production.Refiners said they had to cut production by two-thirds amid massive drop in gas supply to their units.Sugar was out of…

Staff Correspondent: Demand for candles has skyrocketed with the recent endemic load shedding in Dhaka as well as across the country. Frequent load shedding, which is causing public sufferings, has, however, revived candle factories – putting smiles on the faces of those involved with this business.Haji Monir, owner of a…

Most life saving drugs out of market Golam Mostafa Jibon: Artificial crisis of life saving medicines has created obstacle in health service as people can’t carry their treatment properly due to lack of medicines and those high prices.According to the Health Economics Unit of the Health Ministry, about 64 percent…

Experts to exporters Industry Desk: Experts urged the exporters in the country not to be worried about fall in shipment. They asked to deal with all the challenges to overcome the prevailed situation.Following Covid-19-driven lockdowns, exporters of the country have been experiencing negative export growth and it became tangible during…

Staff Correspondent: It used to be “anxiety time” for businesses and shippers at Chattogram port who had shipments coming in or going out.In April 2021, over 25,000 imported containers were stuck at transshipment ports in Sri Lanka, Singapore, and Malaysia, holding up or slowing down industries due to raw material…

Staff Correspondent: The Ministry of Commerce has set the price of sugar and palm oil. The price of sugar has been increased by Tk 6 and fixed at Tk 90 per kg for open sugar and Tk 95 for packaged sugar. Palm oil has been reduced by Tk 8 per…

Mahfuja Mukul: The number of insurance companies in the country is more than the demand, the government has approved new insurance companies one after another. Most of these insurance companies are not doing well due to political considerations. Also, the companies are not obeying the law.The companies are recklessly spending…

Golam Mostafa Jibon: Allegation of misappropriating crores of Taka through providing illegal gas connections by violating directives in exchange of bribe has been intensified against Engineer Harunur Rashid Mollah, Managing Director (MD) of Titas Gas Transmission and Distribution Company Limited (TGTDCL).According to Petrobangla, most of the power plants have remained…

Industry Desk: The government has taken a number of measures including exploring new gas wells along with digging the existing ones to meet the increasing demand of energy.“We’ve taken steps to dig different existing gas wells along with discovering new ones to boost energy production against the backdrop of the…

Industry Desk: South Korea with its $10.53 billion apparel market can be a preferred export destination for Bangladesh and the apparel sector expects to hit the $1 billion mark export to Korea in the current fiscal year.South Korea currently sources 34% of its apparel items from China, but due to…