Business

In an unprecedented move, 36 banks, including two foreign lenders, have initiated a coordinated effort to restructure more than Tk26,600 crore in loans extended to City Group, one of Bangladesh’s largest industrial conglomerates. The initiative comes as the group faces mounting financial pressures caused by foreign exchange losses, shrinking working capital, reduced bank support and delays in gas connections for ...

Expressing concern over the excessive and unreasonable taxes imposed on the housing sector in the national budget, REHAB President Dr Ali Afzal has called for policy reforms to make housing more accessible for ordinary people. Dr Ali Afzal, who is also chairman of Krishibid Properties Ltd (KPL) and Glorious Lands and Developments Ltd (GLDL), said the housing sector is not ...

The Bangladesh Jewellers Association (BAJUS) has reduced gold prices by Tk4,374 per bhori, setting the new price of 22-carat gold at Tk228,556 per bhori (11.664 gram), including VAT. The revised rates came into effect from 10:00am on Friday, BAJUS said in a statement. The association said it reviewed the local market after the price of pure gold declined and adjusted ...

Deposits held by Bangladeshis in Swiss banks have increased significantly, rising by 41.49% in a year to reach the second-highest level on record, according to the latest annual report of the Swiss National Bank (SNB). The SNB report, released on Thursday, said deposits linked to Bangladeshis in Swiss banks stood at 834.1 million Swiss francs in 2025, up from around ...

Fifty customers can win TVs, smartphones, smartwatches and earbuds each week by making the highest number of payments through bKash. Under the ‘Payment Champion’ campaign till July 18, 2026, users can win these exciting prizes on bKash payments at merchant points across the country. To qualify for the campaign, customers need to make at least seven transactions between Sunday to ...

The Bangladesh Jewellers Association (BAJUS) has revised gold prices in the local market, reducing the price of the highest-quality 22-carat gold jewellery by Tk9,013 per bhori. In a statement issued on Thursday morning, BAJUS said the new prices took effect from 10:00am on 18 June. Under the revised rates, the price of 22-carat gold jewellery, including VAT, has been fixed ...

Studying abroad in 2026 is no longer just about choosing a country, it is about choosing the right future. For Bangladeshi students, changing visa rules, rising costs, and endless advice can make the process overwhelming. Below, we break down everything that matters, from budget and university choices to visas, scholarships, and deadlines, to help make the decision easier. Below, we ...

Global credit rating agency Fitch Ratings has described Bangladesh’s newly elected BNP government’s 2026-27 national budget as ambitious, warning that persistent weaknesses in revenue collection and slow progress in structural reforms could jeopardise the government’s fiscal targets. In a recent report, Fitch said the credibility of revenue mobilisation would serve as the key test for the proposed budget. The agency ...

Commerce Minister Khandakar Abdul Muktadir on Tuesday said the Ministry of Commerce would be made more dynamic and effective through skilled leadership, coordinated teamwork, and equal opportunities for officials, as newly appointed Commerce Secretary Md Ataur Rahman Khan joined the ministry. Welcoming the new secretary at the ministry’s conference room, the minister expressed confidence that Khan’s academic credentials and previous ...

Bangladesh’s growing dependence on liquefied natural gas (LNG) supplied through Japan is exposing the country to long-term economic and environmental risks, including vulnerability to global energy price volatility and rising greenhouse gas emissions, according to a report by international research group Zero Carbon Analytics (ZCA). The report, released on Tuesday in London, said Japan, one of the world’s largest LNG ...