Iran denounces new US sanctions as 鈥榮ign of hostility鈥�
Iran on Wednesday condemned a new round of US sanctions as a 鈥榗lear sign of hostility鈥� after Washington blacklisted more than 30 people and vessels linked to its oil trade...
Tags : oil
Addressing gaps in sanitation facilities stressed
Speakers including water and sanitation experts, private entrepreneurs, academics, and development partners at the inaugural session of the Toilet Conference 2025 on Tuesday called for addressing gaps in sanitation facilities in the country...
Loan disbursement to CMSME drops by 16pc
Loan disbursements to the Cottage, Micro, Small, and Medium Enterprise (CMSME) sector dropped by 16 per cent in the July-September quarter of FY25 compared to the same period in FY24, due to political turmoil and economic instability during the period...
Bottled soya bean oil in short supply
Bottled soybean oil has nearly disappeared from the Dhaka city鈥檚 shops and markets, including Karwan Bazar, one of the country鈥檚 largest wholesale markets.
Two distributors fined for hoarding soya bean oil
The Directorate of National Consumer Rights Protection on Thursday fined two distributors in Chattogram after it had found evidence of hoarding bottled soya bean oil amid an inadequate supply of the commodity.聽
Hidden threat of mosquito coils
BANGLADESH continues to tackle endemic mosquito-borne diseases. In recent years, the country has witnessed record-breaking dengue outbreaks, with thousands of hospitalisations and deaths reported annually. In fact, October 2024 was supposedly the deadliest month in terms of deaths and cases. According to the Directorate General of Health Services, in 2024...
Time for govt to work as tale of edible oil shortage repeats
THE good old tale of the shortage of edible oil repeats, with Ramadan, the month of fasting for the Muslims, likely to begin at February鈥檚 end. While packed or bottled soya bean oil is reported to have been in short supply, it has started selling for prices higher than the official rate. The situation has pushed up prices of packed, including bottled, and unpacked soya bean...
Soya bean oil crisis hits Dhaka markets
The edible oil market in Dhaka has become unstable as supply of bottled soya bean oil has sharply declined...
NBR imposes 25pc RD on rice bran oil export
The National Board of Revenue has imposed a fresh 25 per cent regulatory duty on the export of crude and refined rice bran oil to increase domestic supply and keep the prices stable...
Bangladesh鈥檚 reliance on Gulf nations under threat
OVER 10 million Bangladeshi migrant workers send home an estimated $22 billion in remittances annually, making it the country鈥檚 second-largest source of foreign exchange after garment exports. More than 60 per cent of this originates from the Middle East, with Saudi Arabia, the United Arab Emirates, Qatar, and Kuwait leading the way. At the same time...
Rice bran oil: meeting demand for edible oil
BOTH rice bran oil and obtained oil from locally produced seeds equally contribute to meet the demand of edible oil. But the rice bran obtained from quantity of paddy produced in a year to produce oil may increase...
Prices of rice, soya bean remain high
The prices of essential kitchen items, including rice, soya bean oil and chicken, remained high in the capital Dhaka over the week ending Friday, causing concerns for consumers.
Shell annual profit drops
British energy giant Shell on Thursday announced a 17-per cent drop in annual net profit owing to weaker oil and gas prices as well as asset write-offs...
Prices of rice, soya bean oil go up
The prices of rice and soya bean oil went up on the kitchen markets in the capital Dhaka over the week ending Friday.
Bangladesh faces challenges in adopting sustainable food system: NPO DG
National Productivity Organisation director general Md Nuruzzaman on Monday said that while Bangladesh has made strides in adopting sustainable food systems, challenges like climate change, soil degradation, and water scarcity remain critical obstacles...
Price of soya bean oil goes up
The price of soya bean oil increased while the costs for some other commodities, including rice, broiler chicken and red lentil, remained high on the kitchen markets in the capital Dhaka over the week ending Friday.
Padma Oil AGM approves 140pc cash dividend
Padma Oil Company Ltd held its 55th annual general meeting virtually presided over by the company chairman, AKM Zafar Ullah Khan, on Saturday...
Child falls into paddy-boiling stove, dies
A 4-year child died after accidentally falling into the fire of a paddy-boiling stove in Dodaria village of Jhapa Union, Monirampur Upazila, Jashore on Saturday...
Prices of rice, broiler go up
The prices of rice and broiler chicken went up while that of vegetables decreased on the kitchen markets in the capital Dhaka over the week ending Friday.
Trump threatens tariffs if EU doesn鈥檛 buy more oil, gas
US president-elect Donald Trump on Friday threatened the European Union with tariffs if the bloc does not reduce its 鈥榯remendous鈥� trade gap with Washington through oil and gas purchases.
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...
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.