Wednesday, 02 Apr, 2025

Business

Gold price hikes by Tk1,155 per bhori

Jewellers have raised the price of 22 carat gold by Tk1,155 to Tk1.39 lakh per bhori (11.664 grams) due to a hike in the price of pure gold in the local market. The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the

Freeze 68 bank accounts, 16 assets of S Alam, family: Court

A Dhaka court has ordered the freezing of 68 bank accounts and the seizure of 16 immovable properties owned by S Alam Group Chairman Md. Saiful Alam and his family. The Metropolitan Senior Special Judge, Md. Zakir Hossain Galib, issued the order on Tuesday (Jan 14) following a petition

Bangladesh signs MoU with Pakistan for rice import

Bangladesh signed a Memorandum of Understanding (MoU) with Pakistan today (January 14) for the import of rice. The agreement was signed between the Directorate General of Food, Bangladesh, and the Trading Corporation of Pakistan (TCP). Mr. Md. Abdul Khaleque, Director General of the

Global electric car sales rose by 25% in 2024

Electric car sales rose by 25 percent globally last year, surging in China but slowing in Europe, according to figures published Tuesday by the British consultancy Rho Motion. A record 17.1 million battery electric vehicles (excluding plug-in hybrids) were sold last year across the

Pakistan business delegation visits Bangladesh

A high-level business delegation of 30-member from Pakistan has arrived in Dhaka for a five-day visit starting January 11.  The delegation from the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is visiting Bangladesh at the invitation of the Federation of

Necessary reforms to stabilize key commodity markets

While country’s economy is on a path of improvement, the instability in the essential commodity market remains a major challenge for society. The unavailability and price hikes of essential goods are increasing the daily expenses of the general population. Due to high prices, many

JICA to support Forest Department to enhance coastal resilience

The Japan International Cooperation Agency (JICA) has signed an agreement with Bangladesh’s Economic Relations Division (ERD), the Ministry of Environment, Forest, and Climate Change (MoEFCC), and the Bangladesh Forest Department (BFD) to implement a groundbreaking project aimed at

Govt to offer commission to recover laundered money: Governor 

Bangladesh Bank governor Dr. Ahsan H. Mansur today (January 11) said that the government plans to hire international lawyers to recover laundered money.  He also said: "Commission will also be offered as an incentive for recovering large sums of money." Dr. Mansur

Prevent theft, not hike gas prices: Abdul Awal Mintoo

An increase in industrial gas prices will inevitably result in higher consumer prices, warned former FBCCI president Abdul Awal Mintoo.  He urged the government to address illegal gas connections and curb wastage as measures to control the rising fuel subsidy burden. BNP leader

TCB’s Smart Family Card launched

Trade Adviser Sheikh Bashiruddin today (Jan 8) said Trading Corporation of Bangladesh (TCB) from now on will conduct its activities through 'Smart Family Card' instead of paper management. He made the remark during inaugration programme of TCB's Smart Family Card for the

VAT hike to increase pressure on industries

Facing pressure from the International Monetary Fund (IMF), the interim government’s mid-fiscal year decision to raise VAT on 65 items—including medicine, powdered milk, biscuits, juice, fruits, soap, and sweets—has triggered widespread backlash from businesses. 

Turkish trade minister due on Thursday 

Turkish Trade Minister Omer Bolat, along with a large delegation of business representatives, will visit Bangladesh's capital Dhaka on Thursday to explore new cooperation opportunities and strengthen economic ties between the two countries. The visit will focus on potential

Gas prices for new industries to double soon

The government has decided to double gas prices for new connections in industries and captive power plants.  Entrepreneurs will now need to pay over twice the current rates for gas in new factories. A proposal has already been sent to the Bangladesh Energy Regulatory Commission

MDs of 5 more banks sent on mandatory leave

Managing directors (MDs) of five more banks have been sent on mandatory leave for banking reforms, following recommendations from the central bank. The banks affected are Exim Bank, Union Bank, Global Islami Bank, Social Islami Bank, and ICB Islami Bank. According to Bangladesh Bank

BASIC Bank looted collectively 

The BASIC Bank was collectively plundered by the Prime Minister's Office, Ministry of Finance, Bangladesh Bank, and its Board of Directors.  Sheikh Abdul Hye Bacchu, a favourite of the former Prime Minister's family and then-chairman of BASIC Bank, led this looting. At

World food prices fell 2pc in 2024: FAO

World food commodity prices declined by 2.1 per cent in 2024 compared to the previous year, mainly due to falls in cereals and sugar, the FAO said on Friday. Last year, the UN Food and Agriculture Organ­isation’s price index for cereals dropped 13.3 compared to 2023 and its

Sonali Bank breaks record with operating profit growth

Sonali Bank PLC has achieved a record-breaking operating profit of Tk 5,634 crore at the end of 2024, which is Tk 1,788 crore higher than the Tk 3,846 crore reported in 2023. Managing Director and CEO Md. Shawkat Ali Khan disclosed the information during a press conference held on

Bangladesh to buy 1.10cr litres edible oil, 10,000 MTs lentil

The government has approved separate proposals to procure essential commodities, including 1.10 crore litres of edible oil, 10,000 metric tons (MTs) of lentils, and 1,00,000 MTs of fertilizer, to meet the growing demand in the country. The approvals were made during the first meeting

Chattogram port sets record in cargo, container handling

Chattogram Port achieved its highest-ever performance in container and cargo handling, breaking all previous records, according to Port Chairman Rear Admiral SM Moniruzzaman.  The port handled 3.27 million TEUs (20-foot equivalent units) of containers and 123.99 million metric

ACC requests BFIU to freeze bank A/C of eight S Alam units

The Anti-Corruption Commission (ACC) has requested the Bangladesh Financial Intelligence Unit (BFIU) to freeze bank accounts of eight subsidiaries of S Alam Group amid ongoing investigations into allegations of laundering $1 billion to Singapore, the British Virgin Islands, Cyprus, and