Tuesday, 01 Apr, 2025

Business

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

$131.22M remittances received in 15 days of February

Bangladesh has received a total of $131.22 million in remittances in the first 15 days of February averaging around $8.74 million per day. The information was published by Bangladesh Bank (BB) on Sunday (February 16). According to BB report, remittance inflows in January averaged

Honda, Nissan end merger talks, but continue EV collaboration

Japan’s second and third-largest automakers, Honda and Nissan, have decided to end merger discussions, despite reaffirming their commitment to working together on electric vehicle (EV) development amid growing global competition. In a joint statement on Thursday, the companies

Probe report submission in BB reserve heist case on April 17

A Dhaka court today set April 17 for the submission of a probe report in the case regarding the 2016 Bangladesh Bank (BB) reserve heist.  Dhaka Additional Chief Metropolitan Magistrate Ziadur Rahman set the date as the investigation agency Criminal Investigation Department (CID)