MJL Bangladesh Invests Tk 350 Crore in LPG Tanker Acquisition

The Bangladesh Energy Regulatory Commission (BERC) has reduced the price of a 12kg LPG cylinder by Tk 28, setting the new retail price at Tk 1,450 for March. Per kg LPG now costs Tk 120.81, down from Tk 123.16. Prices for other cylinder sizes, ranging from 5.5kg to 45kg, have been adjusted accordingly.

The Bangladesh Energy Regulatory Commission (BERC) has increased the price of a 12-kg LPG cylinder to Tk 1,459 for January, up by Tk 4 from the previous price of Tk 1,455. This price hike follows the implementation of new value-added tax (VAT) and tax measures.

TRANSFORM, an impact accelerator led by Unilever, the UK Government, and EY, announced grants of up to BDT 10 million each for two Bangladeshi SMEs focused on climate resilience.

A proposed hike in gas prices by Petrobangla has sparked major concerns among industrialists in Bangladesh, fearing economic harm. Industrial leaders argue that the increase, if approved, could lead to factory closures, job losses, and reduced industrial output, harming economic growth and potentially causing social unrest.

In FY 2023-24, the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) faced operating losses due to reduced trading, fewer IPOs, and increased costs. The DSE's core revenue of Tk 125 crore fell short of expenses, causing a Tk 20 crore loss, while the CSE incurred a Tk 10 crore loss with Tk 31 crore in core revenue.

SK Trims & Industries, a garment accessory manufacturer, experienced significant financial challenges in the first quarter of the 2024-25 financial year. The company reported a net loss of Tk 4.46 crore in the July-September quarter, contrasting with a Tk 4.29 crore profit from the same period last year.