Tag: Economy

In a sweeping move to upgrade public infrastructure, Tamil Nadu Chief Minister Vijay has mandated that all future government bus acquisitions must be air-conditioned. Transport Minister Parthiban announced the directive on Sunday, following the recent launch of a Rs 1.27 billion eco-friendly fleet of diesel and CNG buses across the state.

The Bangladesh Energy Regulatory Commission (BERC) has lowered the retail price of furnace oil to Tk 109.10 per litre, reversing two back-to-back price hikes. The decision, approved during a special commission meeting on June 30, comes after a thorough review of international Platts rates, crude oil costs, and US dollar fluctuations between May and late June.

Saudi Arabia's Foreign Minister, Prince Faisal bin Farhan, has arrived in China for a two-day diplomatic visit aimed at addressing the severe economic and security fallout of the ongoing Iran conflict. The trip highlights a growing strategic divergence between Riyadh and Washington, following Saudi Arabia's refusal to grant the US military airspace access for "Project Freedom."

Commercial traffic through the strategically vital Strait of Hormuz has decelerated following targeted attacks on the container ship Ever Lovely and the oil tanker M/T Kiku. While US CENTCOM confirmed retaliatory strikes against Iranian targets after a drone strike, Washington and Tehran have reportedly agreed to a temporary pause in hostilities ahead of scheduled diplomatic talks in Doha.

On June 30, the International Crimes Tribunal (ICT) no. 2 in Dhaka will deliver its judgment against Hasanul Haq Inu (Inu), president of the...