Business

Bank Asia PLC has launched Bank Asia ZEN, the upgraded version of its mobile banking app, said in a press release. The app was unveiled at Bank Asia Tower on July 8 by the bank’s Managing Director, Sohail R K Hussain, in the presence of members of the senior management team. Previously known as Bank Asia Smart App, the platform ...

An International Monetary Fund (IMF) delegation will visit Dhaka from July 12 to 16 to discuss the framework and conditions of a proposed new loan programme for Bangladesh. According to Finance Ministry sources, the government has sought a new IMF loan package centred on banking sector restructuring, revenue reforms and a revised reform agenda, replacing the previous programme agreed during ...

Bangladesh has introduced major changes to its income tax system that will allow investors in government savings certificates (Sanchayapatra) to claim refunds, if excess tax is deducted from their profit. The reforms, introduced under the Finance Act for FY2026-27, also offer tax discounts for individuals who submit their income tax returns early. Savings Certificate Tax No Longer Final Under the ...

Asian stocks rose sharply on Friday, led by chip and AI firms as investors brushed off concern over the stalled recovery of energy supplies through the critical Strait of Hormuz, with tit-for-tat attacks escalating between the US and Iran. The renewed back-and-forth attacks have further eroded the fragile three-week-old ceasefire, bringing the spotlight back on oil prices and what they ...

Gold prices have been reduced again in the domestic market, with the Bangladesh Jewellers Association (BAJUS) lowering the price of 22-carat gold by Tk3,324 per bhori. As per today’s gold price update, the price of one bhori (11.664 grams) of 22-carat gold, including VAT, has been set at Tk221,966. BAJUS announced the new prices in a statement on Thursday (9 ...

The Bangladesh Energy Regulatory Commission (BERC) has cut the price of Jet A-1 aviation fuel for the fourth consecutive time since May. For July, the price for domestic flights has been reduced to Tk 130.99 per litre from Tk 150.21, a cut of Tk 19.22. Duty- and VAT-free jet fuel for domestic and foreign airlines operating international flights has been ...

The United States on Tuesday re-imposed sanctions on Iranian oil, as a US official warned that Iran’s attacks on vessels in the Strait of Hormuz were “wholly unacceptable” and would be met with consequences. Oil prices were up more than 5 percent following the announcement. The US Treasury had authorized last month Iran oil sales until Aug 21 as part ...

The mountain of defaulted loans has become the banking sector’s most pressing challenge, placing a prolonged strain on the economy. To address the problem, the government is set to establish specialised Distressed Asset Management Companies (DAMCs) to purchase, restructure and dispose of defaulted and written-off loans. Under the proposed framework, DAMCs will be authorised to acquire distressed loans, restructure and ...

Gold prices in Bangladesh have fallen again after two consecutive hikes, with the Bangladesh Jewellers Association (BAJUS) reducing the price of 22-carat gold by Tk3,266 per bhori. Under the revised rates, the price of one bhori (11.664 grams) of 22-carat gold has been fixed at Tk225,290, including VAT. The new prices came into effect from 12:15pm on Monday, according to ...

The National Board of Revenue (NBR) has urged taxpayers across the country to remain vigilant against a group of fraudsters who are impersonating tax officials and attempting to extort money by falsely claiming that taxpayers’ files have been selected for audit. In a press release issued today, the NBR said it has recently observed that fraudsters are contacting taxpayers from ...