Japan has started releasing another portion of its strategic oil reserves in an effort to cushion the impact of rising global prices triggered by the war involving Iran, an official said. Kaname Morimoto of the Ministry of Economy, Trade and Industry said the release of national stockpiles to oil
In a move to mitigate the urgent demand of the country, the Cabinet Committee on Economic Affairs on Thursday approved emergency diesel import proposals amid the unstable Middle East situation. The decision was taken at a meeting of the Cabinet Committee on Economic Affairs for the current fiscal
The Cabinet Committee on Economic Affairs today approved emergency diesel import proposals to meet the country's urgent energy demand amid the unstable global geopolitical situation. The decision was taken at the 29th meeting of the Cabinet Committee on Economic Affairs for the current fiscal year
General members of the Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA) have formally requested the Ministry of Commerce to dissolve the current Board of Directors and appoint a neutral administrator to oversee upcoming elections of the trade body. In an application submit
The Iran war is upending the global LNG outlook as soaring prices, damage to major supplier Qatar's export infrastructure and potential delays to new supply raise doubts about previously expected demand from price-sensitive Asian buyers. Before the war, analysts expected global liquefied natural
France will announce targeted measures in the coming days to address energy price spikes driven by the Iran war, French finance minister Roland Lescure said on Thursday. The government is preparing support for sectors hit hard by rising costs, including trucking companies and fisheries
Trade justice activists and several members of the European Parliament on Thursday made a global call to World Trade Organization (WTO) Members to suspend Israel from enjoying Most-Favoured-Nation (MFN) treatment until Israel ends its illegal occupation of the Occupied Palestinian Territory (OPT) a
Private airlines on domestic routes have raised airfares after a steep increase in jet- fuel prices by the energy regulator, as the Middle East crisis fuels volatility in global oil markets. However, the state-owned Biman Bangladesh Airlines has yet to make any decision on the issue. Kamrul Islam
A total of 54,898 TEUs of containers were handled at Chittagong port during the Eid holidays from March 17 to 23. Of these, 28,961 TEUs were imported and 25,937 were exported. The highest number of 11,861 containers was processed on March 18. The port handled more than 2.5 million MT of cargo duri
Ridesharing app Uber on Wednesday announced the launch of a hybrid subscription model for its Uber Bike drivers in Bangladesh, offering greater flexibility in how they access trips and earn on the platform. The new model provides drivers with the option to choose a subscription format that works b
