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Steel rod prices see slight rise amid growing demand

Prices of steel rods have increased slightly over the past three months due to a growing demand and a hike in raw material cost on the international market, say stakeholders. Despite this, millers are maintaining cautious strategies, lowering production below capacity to sustain their business while sacrificing their profit margin....

Bhomra land port to close for 9 days for Eid

SATKHIRA, Mar 26 (UNB): Import and export activities at Bhomra land port in Satkhira will remain suspended for nine days beginning on March 29 (Saturday) due to Eid-ul-Fitr and weekly holidays.Abu Musa, general secretary of the Bhomra Customs, Clearing, and Forwarding (C&F) Agents Association, said there will be no import...

Turbine installation at unit 1 complete

FE REPORTThe turbine installation at the first unit of Rooppur Nuclear Power Plant (RNPP) has been completed, resulting in the turbine set placement on the barring gear, according a company statement issued on Tuesday. During the tests, the turbine shaft was rotated at a slow speed. The barring gear ensures...

BIDA introduces ‘Innovation’ category in Investment Award

FE REPORT The Bangladesh Investment Development Authority (BIDA) has announced a new category - Innovation - in its prestigious Excellence in Investment Award to recognise innovation-driven enterprises shaping the country's investment landscape.Firms engaged in innovation-led sectors have been invited to apply online at https://bida.gov.bd/ and https://summit.bida.gov.bd/. The application deadline is...

Tesla to launch in S Arabia as Musk and the kingdom mend relations

RIYADH, Mar 26 (Reuters): Tesla will start sales in Saudi Arabia next month, the electric carmaker said on its website, signalling CEO Elon Musk and the kingdom have healed a rift that dates back to the billionaire's short-lived bid in 2018 to take the company private.Tesla trades in other Middle...

India eyes tariff cut on 55pc US imports to shield its exports

NEW DELHI, Mar 26 (Reuters): India is open to cutting tariffs on more than half of US imports worth $23 billion in the first phase of a trade deal the two nations are negotiating, two government sources said, the biggest cut in years, aimed at fending off reciprocal tariffs.The South...