Thursday, 01 May, 2025

Business

Touhid urges stronger regional trade through BIMSTEC FTA

Foreign Affairs Adviser Md Touhid Hossain today (April 3) underscored the importance of practical and outcome-driven cooperation among BIMSTEC member states, with a particular focus on accelerating intra-regional trade through the effective implementation of the BIMSTEC Free Trade Area

Bangladesh's trade deficit narrows by 4.41pc in first 8 months 

Bangladesh’s trade deficit has decreased by 4.41% during the first eight months of the current fiscal year (July-February), reflecting a positive shift in the country’s foreign trade balance.  The reduction is largely attributed to a rise in remittance flows and export

Global markets on edge as Trump prepares for ‘Liberation Day’ tariffs

The White House has confirmed that President Donald Trump will roll out new tariffs this week, though it has yet to disclose their full extent, leaving the world bracing for potential economic turmoil.  The uncertainty has fueled fears of a deepening global trade conflict.

New tariffs this week to hit all countries: Trump 

President Donald Trump has announced that new tariffs set to be unveiled this week will apply to all countries, not just those with significant trade imbalances with the United States.  Speaking aboard Air Force One, Trump described the measures as part of America’s

BAJUS urges enhanced security for jewellers during Eid holidays

The Bangladesh Jeweller’s Association (BAJUS) has called on authorities to bolster security for jewellery shops and traders during the upcoming Eid holidays. At a press conference on Friday at BAJUS' headquarters in Dhaka, the association's leaders emphasized the growing

Central bank allows startup companies to invest abroad

The Bangladesh Bank has allowed startup businesses in the country to invest abroad. A circular was issued in this regard on Thursday (March 27) which said, Bangladeshi startups can now send up to 10,000 US dollars or its equivalent in foreign currency to establish a single company

Govt bans travel for 12 factory owners

The government has imposed a travel ban on 12 factory owners for failing to pay workers’ wages and bonuses within the deadline. Brigadier General (Retd.) Dr. M Sakhawat Hossain, Adviser for Shipping and Labour and Employment said this at a press conference at the Ministry of

Workers besiege BGMEA building over unpaid dues

Workers of Roar Fashion Limited in Bhaluka have besieged the BGMEA building in Uttara, Dhaka, demanding unpaid wages and compensation.  However, following the incident several officials of the garment manufacturers' association could not enter the building on Monday (March

BRAC Bank, Bengal Aitken Spence Travels Launch Sri Lanka’s First Medical Tourism in Bangladesh

BRAC Bank has partnered with Bengal Aitken Spence Travels Limited to introduce Sri Lanka’s premium healthcare services to Bangladeshi travellers, marking the launch of the first-ever Sri Lanka Medical Tourism Campaign in Bangladesh. This exclusive initiative offers BRAC

Gold price hits record high again in Bangladesh

Gold prices in Bangladesh have reached a new record, rising again within three days due to an increase in the price of raw gold in the local market. According to the Bangladesh Jewellers Association (BAJUS), the price of the best quality 22-carat gold has been increased by Tk 1,469 per

NBR reduces import duties on fresh fruits again

The National Board of Revenue (NBR) has once again lowered duties on imported fresh fruits to help stabilise domestic prices during Ramadan and beyond. In two separate notifications issued on Monday, the tax authority announced a 5 percent reduction in the supplementary duty (SD) on

Remittance inflow reaches $1.65 billion in 15 days

Bangladesh received $1.65 billion in remittance in the first 15 days of March, which amounts to Tk 20,370 crore, according to Bangladesh Bank data released on Sunday (March 16). On average, expatriates sent $110.41 million per day during this period.  According to the central

Banks cannot give dividends if defaults exceed 10%

Banks will not be allowed to distribute dividends if more than 10% of their total loans become defaulted, according to Bangladesh Bank. Additionally, banks cannot give dividends if they fail to pay penalty interest or fines imposed due to shortfalls in cash reserves or statutory

Bangladesh Bank halts fresh note exchange before Eid

The Bangladesh Bank (BB) has postponed the distribution of fresh currency notes to the public ahead of Eid-ul-Fitr. In a directive issued today, the central bank instructed all branches holding fresh notes to refrain from exchanging them and to keep them in reserve. Banks have been

Gold price surpasses Tk1.5 lakh per bhori again

Jewellers have raised gold prices by Tk3,557 to Tk1,51,900 per bhori (11.664 grams), citing an increase in the price of pure gold in the local market. The Bangladesh Jewellers Association (BAJUS) Standing Committee on Pricing and Price Monitoring made the decision at a meeting on

Markets plunge as Trump confirms tariffs on Canada, Mexico, China

US stock markets tumbled after President Donald Trump confirmed he would proceed with a 25% tariff on goods imported from Canada and Mexico, citing a failure to reach an agreement. The tariffs, long threatened, will take effect on Tuesday. Trump also announced an additional 10% tariff

Soybean oil supply to normalize in two days: Commerce Adviser

The supply of soybean oil will return to normal within the next two days, said Commerce Adviser Sheikh Bashiruddin. He made the remark while speaking to journalists on Monday (March 3) after visiting Mohammadpur Town Hall kitchen market to assess market conditions. Industries Ministry

Tesla shares plummet over 9% amid European sales decline

Tesla's shares tumbled more than 9% after the electric vehicle (EV) giant reported a sharp decline in sales across the European Union and the UK in January. The slump pushed Tesla’s market valuation below the $1 trillion mark for the first time since November 2024.

Gold prices spike to Tk1,54,525 per bhori

Gold prices in Bangladesh have set a new record, with 22-carat gold increased by Tk3,243 to Tk1,54,525 per bhori (11.664 grams). The Bangladesh Jeweller’s Association (BAJUS) Standing Committee on Pricing and Price Monitoring announced the revised rates after a meeting on

Gold prices hit historic high in Bangladesh

Gold prices in Bangladesh have hit a new record, with 22-carat gold increasing by Tk1,470 to Tk1,51,282 per bhori (11.664 grams), marking the highest price ever recorded in the country. The Bangladesh Jeweller’s Association (BAJUS) announced the price adjustment on Monday after a