Govt fixes edible oil price to tame volatility Star Business Report Star Business Report
The government yesterday fixed edible oil prices to tame the volatility in the domestic market and curb price manipulation by a section of unscrupulous traders.
The new price came into effect immediately. The price of loose soybean oil was fixed at Tk 115 per litre at the retail level, said Commerce Minister Tipu Munshi after a meeting with major refiners, importers, traders and wholesalers at the secretariat in Dhaka.
The move came as loose soybean oil was selling at Tk 116-Tk 120 per litre at the retail level in the capital, up 3.5 per cent from Tk 112-Tk 116 a month ago.
Sale of edible oil at fixed prices to be ensured: Tipu | Bangladesh Sangbad Sangstha (BSS) bssnews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bssnews.net Daily Mail and Mail on Sunday newspapers.
Bangladesh, S Korea agree to strengthen commercial ties
Korean Ambassador Lee Jang-keun paid a call on Commerce Minister Tipu Munshi on Wednesday (Feb10) and further discussed strengthening bilateral ties in trade and investment.
Appreciating Korea and Bangladesh’s excellent relations during the past several decades, they agreed to make joint efforts to maximize the yet untapped potential of cooperation between the two countries.
As of 2020, according to Bangladesh Bank, Korea is the fifth largest investor in Bangladesh, after the US, UK, the Netherlands, and Singapore, with 1.17 billion US dollars of total accumulated stock investment. Korea is the largest foreign investor in EPZs with 75 companies operating in the EPZs. Youngone, the operator of KEPZ, is the largest Korean investor in Bangladesh, which employs around 70,000 local workers, said the Korean Embassy.
Tipu urges South Korea to provide duty free trade facilities | Bangladesh Sangbad Sangstha (BSS) bssnews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bssnews.net Daily Mail and Mail on Sunday newspapers.
Staff Correspondent,
bdnews24.com
Published: 07 Feb 2021 03:53 PM BdST
Updated: 07 Feb 2021 03:53 PM BdST
The 26th edition of the Dhaka International Trade Fair will not begin on Mar 17 as originally planned even though the preparations have been made to stage the event at the Bangladesh-China Friendship Exhibition Centre in Purbachal. );
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Commerce Minister Tipu Munshi announced the development during the hand-over ceremony of the new exhibition centre at the Secretariat on Sunday.
“We were preparing for the fair this year. Our preparations were centred on Mar 17 as the starting date. We initially got a consensus on this but because of the coronavirus situation, the prime minister has asked to proceed a bit slowly. I hope we can hold the fair at some point this year,”