Business

High Street businesses still grappling with the economic fallout of the last autumn’s Budget are “fearful” about what the latest one could bring. “It was a kick in the teeth,” says Katya Milavic-Davies, who owns four Myla and Davis hair salons, as well as the restaurant Llewelyn’s and the cafe Lulus, both in Herne Hill in south London. She says ...

The Bangladesh Trade and Tariff Commission (BTTC) has recommended a fresh price increase for soybean oil, citing sharp rises in import costs and the weakening of the Bangladeshi taka against the US dollar. In a notification issued on Monday, the commission proposed raising the maximum retail price of bottled soybean oil by Tk 9.27 per litre, setting the new recommended ...

Bangladesh Bank (BB) has granted a Letter of Intent (LOI) for establishing a new state-backed bank, United Islami Bank Plc, merging five financially weak Islamic banks. The LOI, issued on Sunday with several conditions, comes after the government formally applied for approval last Wednesday. The proposed merger will consolidate five financially struggled Islamic banks– Social Islami Bank PLC (SIBL), First ...

China has suspended its ban on exporting certain key semiconductor components to the United States, the country’s commerce ministry announced Sunday. According to the ministry, restrictions on dual-use items containing gallium, antimony, and germanium will be lifted until November 27, 2026.

The Asian Development Bank (ADB) will organize a Business Opportunities Seminar (BOS) on November 12, 2025 at the Bangladesh China Friendship Conference Center (BCFCC) in the capital. The BOS will be held in Dhaka with active support from the Economic Relations Division (ERD) in collaboration with relevant government agencies. The BOS will highlight key ongoing and upcoming business opportunities under ...

Bangladesh received remittances worth $584 million in the first five days of November, averaging $116.8 million per day, according to Bangladesh Bank Executive Director and Spokesperson Arif Hossain Khan. He said that the inflow during the same period last year was $421 million, indicating a significant year-on-year increase. On November 5 alone, expatriates sent $123 million in remittances. From July ...

Asian markets rose on Thursday, recouping part of Wednesday’s steep losses as investors cheered a Wall Street bounce sparked by strong US jobs data and easing concerns about the economy. Investor sentiment improved after ADP payroll figures showed US private sector employment jumped far more than expected last month, following an unexpected decline the month before. Separate data also indicated ...

Dhaka Stock Exchange (DSE) has suspended share trading of five Islamic banks that are in the process of merging. The five banks are First Security Islami Bank, Social Islami Bank (SIBL), Exim Bank, Global Islami Bank and Union Bank, according to a DSE notice on Thursday. The country’s two stock exchanges informed the matter to investors this morning. The suspension ...

India’s Adani Power said on Monday it has opted for an international arbitration process to resolve disputes over Bangladesh’s power supply payments. The company led by Indian billionaire Gautam Adani has been at loggerheads with Bangladesh Power Development Board over pending payments for the electricity it supplies as part of a pact that both sides had signed in 2017, reports ...

Inflow of remittances witnessed 15.5 percent (pc) growth, reaching US$10,368 million during the period from July 1 to November 2, 2025, which was $8,980 million during the same period of the previous fiscal year. According to the latest data of Bangladesh Bank (BB) issued on Monday, during the first two days of November 2025, expatriates sent remittances of $219 million, ...