Founded in 1985 by Mr. Iftekhar Ahmed Tipu, IFAD Group has become a cornerstone of Bangladesh’s business community. Initially focused on stability and growth, IFAD Group now spans multiple industries, including automobiles, lubricants, industrial compressors, food, toiletries,

Bangladesh Jewellers Association (BAJUS) on Thursday (Nov 21) announced another hike of gold prices in the local market, just two days after the last hike, following a four-time consecutive decrease. The price of 22-carat gold has been raised by Tk1,994 per bhori (11.664 grams) to

Bangladesh’s foreign exchange reserves increased by $61 million in a week reaching $18.49 billion under the IMF’s BPM6 calculation method, according to Bangladesh Bank on Thursday (Nov 21). The total reserves, including various funds, now stand at $24.27 billion. Last

The Center for Policy Dialogue (CPD) has suggested a new pricing model for fuel oil in Bangladesh to ensure energy security and support a transition to sustainable energy. The think-tank proposed using an Artificial Neural Network (ANN)-based pricing system to create a fairer and more

The 10th edition of 'Leathertech Bangladesh 2024,' an international trade show for leather, footwear machinery, shoe materials, chemicals, and accessories, began on Thursday at the International Convention City Bashundhara (ICCB) in Dhaka. The three-day event, organized by ASK

Federal prosecutors in New York charged the Indian tycoon Gautam Adani, one of the world’s richest people, with multiple counts of fraud on Wednesday, accusing him and associates of bribing Indian officials and later lying to investors about the scheme. Mr. Adani, who has amassed

Gas supply will be suspended for 12 hours in several areas in the capital on Thursday (Nov 21) due to pipeline replacement work. Titas Gas authorities published a press release in this regard today.  The gas supply disruption will affect the Lalbagh DPDC sub-station and

Commerce Adviser Sheikh Bashir Uddin has said the government will dismantle the market syndicate activities by increasing product supply and enhancing monitoring measures. For this reason, the import duties on essential items such as rice, edible oil, onions, and eggs were reduced, he

Jewellers in Bangladesh have raised gold prices citing a price hike in the international market. They have inflated the price of gold by Tk2,939 to Tk1,37,449 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

The VAT on edible oil at the import stage has been reduced from 10% to 5% to ensure smooth supply ahead of Ramadan amid rising prices in the market. The National Board of Revenue (NBR) issued a notification in this regard on Tuesday (November 19). This reduced VAT rate will remain

Three cash-strapped banks have received liquidity support of Tk 265 crore under a special arrangement by Bangladesh Bank. The liquidity assistance was provided by Dutch-Bangla Bank, City Bank, Pubali Bank, and Eastern Bank Limited, said Bangladesh Bank spokesperson and Executive

Three-day BAJUS Fair 2025 will begin on February 6 at the Noborattri Hall of the International Convention City Bashundhara (ICCB) in Dhaka. For the fourth time in the country’s history, the Bangladesh Jewellers Association (BAJUS) will organize the nation’s largest jewelry

Syed Ahmed Maroof, the High Commissioner for Pakistan in Bangladesh, today (Nov 18) underscored the growing importance of economic diplomacy in modern international relations. He made the remark while speaking at the Bay of Bengal Conversation 2024, hosted by Dhaka. Addressing the

The appointment of receivers to industrial enterprises in Bangladesh, often as a response to various disputes, has frequently led to detrimental outcomes. Instead of recovering, many well-established industrial groups have deteriorated into struggling entities under such management. In

Bangladesh received $1.2551 billion in remittance during the first 16 days of November, according to data released by Bangladesh Bank on Sunday (Nov 17).  The data shows an average daily remittance inflow of $78.445 million during this period, compared to $79.836 million per day

Default loans in Bangladesh’s banking sector reached Tk2.85 lakh crore by the end of October, marking the highest in the country’s history.  The share of default loans also hit a 16-year high of nearly 17%.  The rise is attributed to regulatory violations

The Korea-Bangladesh Chamber of Commerce and Industry (KBCCI), in collaboration with the Peaceful Unification Advisory Council (PUAC), successfully organized the Annual Art Competition on Saturday (November 16), at Gulshan Club, Dhaka from 10am to 1pm. Like every year, the event

Abdur Rashid, owner of Rashid Agro Food Products Ltd, was arrested in Kushtia town on Saturday afternoon. He was detained in the Mojompur area around 5 pm in connection with a fraud case. Kushtia Model Police Station's Officer-in-Charge (OC) Shihabur Rahman Shihab confirmed the

As the world waits to see how the return of Donald Trump will reshape relations between Washington and Beijing, China has just taken decisive action to entrench its position in Latin America. Trump won the US presidential election on a platform that promised tariffs as high as 60% on

As China and Peru launched South America’s first Beijing-funded port in Chancay, Peru, on Thursday, the United States called on Latin American nations to be vigilant. The $3.5-billion complex, located 80 kilometers north of Lima, is meant to serve as a major hub for Chinese trade