Bangladesh Petroleum Corp (BPC) is to sell 170,000 barrels of naphtha to Vitol Asia in May at a premium of $0.12 a barrel to Singapore quotes on a free-on-board (FOB) basis, a company official said on Tuesday.
This is the highest tender bid BPC has received since March last year.
Seven firms had competed for the tender, which opened on Tuesday, for the loading over May 10-12 from Chittagong.
Unipec came up with a discount of $0.38 a barrel while Itochu quoted a discount of $0.59 a barrel.
Other participants included MRI tradin...
The Metropolitan Chamber of Commerce and Industry (MCCI) has recently called for cuts to both individual and corporate tax rates in Bangladesh, as part of its annual 2014/15 pre-Budget submission to the Government.
Due to the cost of living increases suffered by families, while income tax thresholds have not kept pace, the MCCI is recommending that the initial tax-free income level should be increased to Tk. 275,000 (USD3,545) from Tk. 220,000 for individuals.
In addition, to boost business growth and foreign direct investment, the MCCI suggests that the co...
“India has been very sympathetic to our request for detection of the graves of our freedom fighters for reburial on the land they fought for. It will open up a new horizon in our relations,” said Shipping Minister Shahjahan Khan, who previously headed the Liberation War Affairs Ministry.
West Bengal, Assam, Tripura and Meghalaya have begun the painstaking process of locating the fighters’ graves, digging up their remains and shipping them home for burial, the Indian High Commission in Dhaka announced earlier this year. The four border states appointed nodal officers to facilitate the process, according to the commission.
The 4,000 or so fighters who died in combat or went missing in action were scattered in borderland states during the nine-month war. As of January, officials had ...
Prime Minister Sheikh Hasina today asked the concerned authorities to reduce the fare of the newly launched taxicab by 15 percent, showing respect to public opinion.
"Re-fix the first two kilometres' fare at Tk 85 from Tk 100," she said while inaugurating the taxicab service of the Trust Transport Services under the Army Welfare Trust that aims to address the longstanding crisis of quality public transport.
Hasina formally launched the new taxic...
India and Bangladesh will hold the annual railway talks here from today to undertake a complete review of railway cooperation between the two countries and ways and means to improve connectivity and services.
The India-Bangladesh Inter-Governmental Railway Meeting (IGRM) will take on April 21-23 in Dhaka, Indian Embassy here said.
The meeting will undertake a complete review of railway cooperation between the two countries and ways and means to improve connectivity and services.
The two delegations would also discuss freight train operation...
Bangladesh Embassy in Washington DC has observed the historic Mujibnagar Day in a befitting manner on 17 April. The day’s program began in the morning with ceremonial hoisting of the national flag at the Embassy premises by Ambassador Akramul Qader in presence of all the officers and staff members of the Embassy. Messages from the President Mr. Abdul Hamid, and Prime Minister Sheikh Hasina were read out. Special prayers were offered for the eternal peace of the departed souls of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman, his family members, four national leaders , and the valiant freedom fighters and individuals who sacrificed their lives nad honour to achieve the independence of the country and also for continued peace and prosperity of the country.
Unipec came up with a discount of $0.38 a barrel while Itochu quoted a discount of $0.59 a barrel.
Other participants included MRI tradin...
