Govt honours 178 businesspersons with CIP cards

The government on Tuesday honoured 178 businesspersons with Commercially Important Person (CIP) cards for their outstanding contributions to the economy of the country in 2016. Among them, 137 received the cards in the export category while 41 cards were awarded...

Oil prices fell more than $1 on Tuesday, dropping for a third session as reports of growing inventory and forecasts of record shale output in the United States stoked worries about oversupply. Concerns over future oil demand amid weakening global economic growth and doubts over the effectiveness of planned production cuts led by the Organization of the Petroleum Exporting Countries (OPEC) also pressured prices, traders said. International benchmark Brent crude oil futures were at $58.78 per barrel at 0722 GMT, down 83 cents, or 1.39 per cent, from their last close. Brent, which has slipped more than 4 per cent in the past three sessions, fell as far as $58.10 a barrel on Tuesday, down more than $1.50 from the...

Trade gap stands at $5.32 billion in Jul-Oct

Merchandise trade gap with the rest of the world stood at $5.32 billion in the first four months of the current fiscal year (FY19). Update data on the balance of payments (BoP) released by Bangladesh Bank on Monday also showed...