Monday, 30 Jun, 2025

Business

Gold prices drop

Jewellers in Bangladesh have reduced the price of gold by Tk1,668, setting the new rate at Tk1,72,860 per bhori (11.664 grams), after a decrease in tariffs on pure gold. The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association (BAJUS) made

Google Pay now in Bangladesh

Global digital payment platform Google Pay has officially launched its operations in Bangladesh, with City Bank PLC introducing the service in partnership with Google, Mastercard, and Visa. The inauguration ceremony was held on Tuesday at the Westin Dhaka, where Bangladesh Bank

Evaly CEO gets 3 months jail in cheque fraud

A Satkhira court has sentenced Evaly Chief Executive Officer Mohammad Rassel to three months in jail in a cheque fraud case.  He was also fined equal amount to the value mentioned in the dishonoured cheque. The verdict was delivered by Judge Md Habibur Rahman of Satkhira Joint

Govt to import LNG, 30,000MT fertilizer

The government today approved proposals to import one cargo of LNG and 30,000 metric tons of fertilizer to meet rising national demand. The decision came during the 23rd meeting of the Advisers Council Committee on Government Purchase (ACCGP), chaired by Finance Adviser Dr Salehuddin

No immediate fuel price hike, says Finance Adviser 

Finance Adviser Dr Salehuddin Ahmed said Tuesday (June 17) that Bangladesh has no immediate plans to raise fuel prices, despite the ongoing Iran-Israel conflict which has triggered concerns over global energy markets. He said, “For now, we are observing. If the war continues for

Gold price rises again to Tk 1.74 lakh per bhori

Bangladesh Jewellers Association (BAJUS) on Saturday raised the price of 22-carat gold by Tk 2,193 per bhori (11.664 grams), setting the new price at Tk 1,74,528. BAJUS said the price was adjusted following a rise in the cost of acid gold in the local market. The new rates will take

Mahmud Hasan Khan elected BGMEA President

Mahmud Hasan Khan, Managing Director of Rising Group, has been elected unopposed as President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) for the 2025–2027 term. The BGMEA Election Board announced the results after confirming only one valid

Oil prices surge after Israeli strike on Iran

Global oil prices rose sharply after Israel confirmed it had launched a strike on Iran, marking a significant rise in tensions across the Middle East. Following the news, both major benchmark oil prices—Brent Crude and Nymex light sweet crude—climbed by more than 10%.

Airbus, Menzies Aviation eye strategic partnership with Bangladesh

Global aviation giants Airbus and Menzies Aviation have expressed strong interest in forging long-term partnerships with Bangladesh, offering proposals to modernise the national carrier and manage airport ground services. The offers were made during separate meetings in London on

Claim about lower rawhide prices incorrect: Commerce Adviser

Commerce Adviser Sk. Bashir Uddin today (June 10) said that claims of lower rawhide prices during Eid-ul-Azha are incorrect, assuring that sellers are receiving fair rates. Speaking to reporters after visiting a temporary rawhide preservation center at Zamil Madrasah, he explained that

US and China to hold trade negotiations in London

A fresh round of discussions to address the ongoing trade dispute between the United States and China is scheduled to commence in London on Monday. On Friday, US President Donald Trump revealed that a high-level US delegation, including Treasury Secretary Scott Bessent, Commerce

RMG exports earn $36.55 billion in 11 months

Bangladesh’s ready-made garment (RMG) sector earned $36.55 billion in export revenue during the first 11 months (July–May) of the ongoing 2024–25 fiscal year, marking a 10.20% year-on-year growth. According to the Export Promotion Bureau (EPB), the RMG sector had

Budget FY26: Sanitary napkin prices set to drop

In the proposed FY2025–26 budget, the government has extended the VAT exemption on imported raw materials for sanitary napkin production until 30 June 2030, aiming to reduce prices in the coming fiscal year. Interim Economic Adviser Dr. Salehuddin Ahmed made the announcement

Prices may rise as duties hiked on products

The government in the proposed national budget for the 2025–26 fiscal years has suggested increasing duties and reducing tax exemptions on several products, which may lead to price hikes. Finance Adviser Dr Salehuddin Ahmed made the announcement during his budget speech on Monday

Bangladesh budget proposes price cuts on sugar, soybean oil

Bangladesh’s caretaker government on Monday proposed a reduction in taxes on key food items and daily essentials, including sugar and soybean oil, as part of its national budget for the 2025–26 fiscal year. Finance Adviser Dr Salehuddin Ahmed unveiled the budget in a

Finance Adviser begins presentation of national budget 2025–26

Finance Adviser Salehuddin Ahmed began presenting the national budget for the 2025–26 fiscal year at 3:00pm on Monday (June 2) in a live broadcast on Bangladesh Television.  The proposed budget amounts to Tk 7,90,000 crore, marking the first time in Bangladesh’s

Interim govt approves Tk7.89 lakh crore budget for FY26

The Advisory Council of the interim government has approved a national budget of Tk7,89,999 crore for the 2025–26 fiscal year. The approval came at a meeting chaired by Chief Adviser Muhammad Yunus today. Finance Adviser Salehuddin Ahmed is presenting the budget from 3pm.

Jewellery stores shut down nationwide 

All jewellery stores across Bangladesh have shut down indefinitely starting Thursday, following the arrest of Bangladesh Jewellers Association (BAJUS) Vice President Riponul Hasan. In a statement issued late Wednesday night, BAJUS condemned Hasan’s arrest as "false and

Volvo to cut 3,000 jobs amid global industry struggles

Volvo Cars has announced plans to slash approximately 3,000 jobs, primarily in Sweden, as part of a sweeping cost-cutting initiative aimed at strengthening its financial footing.  The layoffs will affect about 15% of the automaker’s white-collar workforce, the company

Rawhide prices raised before Eid-ul-Azha

The government has increased the prices of salt-applied raw cowhide by Tk 5 per square foot for this year’s Eid-ul-Azha.  In Dhaka, the price has been fixed at Tk 60 to Tk 65 per square foot, while outside Dhaka, it will be Tk 55 to Tk 60. On the other hand, prices of