Govt exempts edible oils from taxes, VAT until March 31
The government has exempted all edible oils including canola and sunflower oil from duty, tax and VAT until March 31, 2025, aiming to increase market supply...
Tags : Oil
BPA to halt broiler, egg production if syndicates remain
The Bangladesh Poultry Association on Sunday announced that marginal poultry farms across the country would cease production of broiler chickens and eggs starting from January 1, 2025 if the government failed to address their demands and curb influence of corporate syndicates...
Soya bean oil not selling at govt-set price
The price of soya bean oil has remained high despite the government raising it by Tk 8 per litre, while supply inconsistencies of the essential cooking ingredient continued to trouble Dhaka鈥檚 kitchen markets over the week ending Friday.
Oil supply to rise in 2025 despite OPEC cuts: IEA
Oil supply is set to outpace global demand next year even as OPEC+ members extended cuts in efforts to prop up prices, the International Energy Agency said Thursday...
Govt to buy edible oils from controversial S Alam Group
A meeting of the Cabinet Committee on government purchase on Wednesday approved 16 proposals, including two on purchasing edible oils from S Alam Super Edible Oil Ltd, a subsidiary of the controversial S Alam Group...
PSC review on cards after offshore gas exploration bid attracts none
State-owned oil company Petrobangla is considering reviewing the production sharing contract as it failed to attract any international companies in the bidding floated to explore offshore gas...
Oil prices higher on China boost, Syria uncertainty
World oil prices jumped Monday on fresh moves by China to boost its聽economy聽and as traders tracked an uncertain future for Syria and the wider crude-rich Middle East...
Edible oil prices up by Tk 8 per litre
The government has raised the prices of both the soya bean and palm oil by Tk聽8 a litre as per the demand from the businesses to align price with international market rates...
Steps taken to ensure adequate supply of edible oil during Ramadan: CA press secy
Bangladesh interim government chief adviser鈥檚 press secretary Shafiqul Alam on Sunday the interim government has been taking required steps to keep adequate supply of edible oil during the forthcoming holy month of Ramadan, stressing that there is no crisis in the market right now.
Packaged edible oil crisis, high prices affecting consumers
Kitchen markets in Dhaka are in the grip of an edible oil crisis, with chaotic price fluctuations and supply inconsistencies disrupting daily life of low-income consumers, who are already struggling with rising inflation.
58pc oil used at Rajshahi eateries unhygienic: report
About fifty-eight per cent edible oils used at different hotels and restaurants in Rajshahi are harmful to human health, according to a report of the Bangladesh Food Safety Authority published on Monday...
Soil: care for irreplaceable resource
SENEGALESE conservationist Baba Dioum at a meeting of the International Union for Conservation of Nature in New Delhi in 1968 said: 鈥業n the end, we will conserve only what we love; we will love only what we understand; and we will understand only what we are taught.鈥� If we accept the statement to be true, World Soil Day is of paramount importance in conserving soil, a non-renewable resource...
Bangladesh requests Malaysia for supplying palm oil ahead of Ramadan
Bangladesh has requested Malaysia to take necessary measures as early as possible to supply refined palm oil to Bangladesh through the Trading Corporation of Bangladesh under the support of the Malaysian government ahead of the holy month of Ramadan...
Harpoon holds 鈥楬ygiene for all, power for her鈥� campaign
Harpoon, toilet cleaner brand of Quazi Enterprises Limited, is running a campaign titled Hygiene for All, Power for Her to make people aware of hygienic use of toilets...
Hoilett gives Canada win as Mexico lose to Honduras
Junior Hoilett struck an 81st-minute winner as Canada earned a 1-0 victory at Suriname in their CONCACAF Nations League quarter-final on Friday while Mexico fell 2-0 at Honduras.
Prices of potatoes, edible oil increase further
The prices of potatoes and edible oil increased further on the kitchen markets in the Dhaka city over the week ending Friday.
Prices of potatoes, edible oil increase
The prices of potatoes and edible oil continued to rise while those of vegetables and broiler chicken decreased on the kitchen markets in the Dhaka city over the week ending Friday.
ExxonMobil profits dip as it gives back almost $10b to investors
ExxonMobil reported a dip in third-quarter profits Friday on lower earnings from its refining business, but the results were strong enough to enable nearly $10 billion in shareholder distributions...
Oil prices fall, global stocks increase
Oil prices tumbled and global stocks mostly rose Monday on relief that Israel鈥檚 strikes on Iran avoided the country鈥檚 energy infrastructure...
6 injured as oil vessel fire on Dakatia River
At least six crew members were injured when a massive fire erupted on the oil tanker MV Sadia Enterprise in the Dakatia River of Chandpur, following an explosion in its engine room Sunday afternoon...
Six injured as fire breaks out on oil-carrying vessel in River Dakatia
At least six crew members were injured when a massive fire broke out in engine room of the oil tanker MV Sadia Enterprise in the River Dakatia, Chandpur in Bangladesh on Sunday afternoon.
Prices of onions, edible oil, sugar go up despite govt measures
The prices of onions, edible oil, sugar and garlic went up on the kitchen markets in the Dhaka city over the week ending Friday.
Prices of rice, edible oil, broiler go up
The prices of rice, broiler chicken and edible oil increased while that of vegetables and eggs decreased slightly on the kitchen markets in the Dhaka city over the week ending Friday.
Govt gears up measures to contain price increase
The interim government on Tuesday took a number of measures, including starting the open market sales of essential items and waiving duties on eggs and edible oils, to contain the...
Bangladesh鈥檚 traders propose waiving duties on soybean, palm oil
Edible oil traders of Bangladesh on Tuesday proposed waiving the existing 5% import duty on soybean and palm oil and removing all value-added taxes imposed on producers and traders.
Supply chain partly affected
The fires that recently put two Bangladesh-flagged oil tankers out of order have partially affected the petroleum products鈥� supply chain, potentially increasing the freight cost and exposing the already embroiled energy sector to even more uncertainties...
Hong Kong stocks face worst day in 16yrs, oil prices fall
Oil prices fell and global stock markets diverged on Tuesday, with Hong Kong suffering its worst day in 16 years as China held off announcing fresh measures to boost its聽economy.
Oil extends gains, jobs report lifts Wall Street
Oil prices rose further Friday on fears Israel could strike Iranian crude facilities, while global stock markets mostly advanced on signs of continued strength in the US聽economy.
Prices of eggs, broiler chicken keep going upward
The prices of broiler chicken and eggs continued to rise on the kitchen markets of the city over the past three weeks while vegetables also became pricey.聽
Oil prices rise
Oil prices rose and major stock markets mostly retreated Thursday as investors reacted to fears of widening conflict in the Middle East and awaited a key US jobs report...