Bangladesh's foreign exchange reserves have surpassed $20 billion, bolstered by a surge in remittances from overseas workers. Bangladesh Bank’s Executive Director and Spokesperson, Husne Ara Shikha confirmed the matter. As of December 22, she said that the total reserves

Bangladesh in the first 21 days of December, received $2.072 billion in remittances, which is Tk 24,086 crore, according to Bangladesh Bank report. This marks the highest remittance inflow in recent times, with an average daily inflow of $95.58 million during the period. In comparison,

Bangladesh will receive a combined budget support of $1.1 billion from the World Bank and the Asian Development Bank (ADB) by this December, according to the Ministry of Finance. A press release signed by Public Relations Officer Gazi Towhidul Islam confirmed the matter on Sunday (Dec

Finance Adviser Salehuddin Ahmed said market players and regulators are responsible for the ongoing unrest in the country's capital market, not the investors. He said: "The unrest is not caused by investors; rather by those involved in the market and its regulation."

Experts have warned that implementing the International Monetary Fund's (IMF) conditions may cause the total volume of non-performing loans (NPLs) to surpass Tk 5 trillion. This concern stems from the IMF's recommendations to revise NPL classifications and align loan

With a commitment to providing comprehensive facilities to investors and streamlining the process of setting up factories and running businesses, the Bangladesh Economic Zones Authority (BEZA) was established. In 2010, the authority launched a project to develop special economic zones and

The price of gold in Bangladesh has increased again within five days due to a rise in the price of pure gold in the local market. The new prices will be effective from Thursday, December 19. As per the revised rates announced by the Bangladesh Jewellers' Association (BAJUS), the

ONE Bank PLC organized a day long “Annual Risk Conference 2024” for Executives and Officers of CHQ and Branches on Saturday (December 14) at Hotel Holiday Inn, Tejgaon, Dhaka.  The objective of the Conference was to deepen participants' understanding of the diverse

Honda and Nissan are understood to have held exploratory talks about a potential merger to help them compete against electric vehicle (EV) makers, particularly in China. In March, the two Japanese car makers agreed to explore a strategic partnership for EVs. The firms responded to

The country’s largest jewelry exhibition, BAJUS Fair 2025, organized by the Bangladesh Jewellers Association (BAJUS), will take place from February 6 to February 8 at the Noboratri Hall of the International Convention City Bashundhara (ICCB) in Dhaka. According to a press release

The National Board of Revenue (NBR) announced on Monday that it will reduce the import VAT on all types of edible oil to 5% and remove the other taxes until March 31, aiming to ease inflationary pressures during Ramadan. Ramadan is expected to begin in March next year. In a

Bitcoin has surged to a new record high, extending a rally that has seen the cryptocurrency's price rise by more than 50% since Donald Trump's victory in the 5 November election. The world's largest cryptocurrency briefly passed $106,000 (£83,890), before falling back

Pakistan has expressed its interest in importing medicine from Bangladesh. Pakistan High Commissioner to Bangladesh Syed Ahmed Maroof conveyed the message during his meeting with Health Adviser Nurjahan Begum at her office on Sunday (Dec 15). Highlighting Bangladesh’s

The Bangladesh Jewelers' Association (BAJUS) has announced a decrease in gold prices, with the new rates set to take effect from Sunday (Dec 15). As per the announcement on Saturday (Dec 14), the price of 22-carat gold has been reduced by Tk 1,773 per bhori (11.664 grams), bringing

Switzerland has decided to withdraw the Most Favoured Nation (MFN) status granted to India, a move that will have significant tax implications for Indian companies operating in the European nation. This decision comes after an adverse ruling from the Indian Supreme Court regarding a

Oil supply is set to outpace global demand next year even as Opec+ members extended cuts in efforts to prop up prices, the International Energy Agency (IEA) said today. Eight members of the alliance, including Saudi Arabia and Russia, agreed earlier this month to maintain supply cuts

The government has approved separate proposals for purchasing refined fuel oil, crude oil, and a shipment of LNG (liquefied natural gas). The decision was made during the 16th meeting of this year’s Advisers Council Committee on Government Purchase (ACCGP), held at the Cabinet

Some private banks in the country are grappling with severe liquidity crises. Despite receiving financial support from the Bangladesh bank (BB), they remain unable to resolve their challenges, leaving them unable to fulfill customer cash withdrawal demands.  Over the past few

Finance Adviser Dr. Salehuddin Ahmed has called on everyone to fulfill their tax and VAT obligations to contribute to the nation’s development and benefit from government services.  Underscoring the importance of compliance in revenue collection, he also said that

China has launched an antitrust investigation into chip giant Nvidia in what appears to be Beijing’s latest act of retaliation against Washington’s sanctions on Chinese tech companies. Chinese state media said on Monday that the California-based chipmaker was being