Business

Bangladesh Bank (BB) on Thursday purchased US$25 million from two commercial banks through multiple auction methods. According to central bank data, it bought dollars at the rate of Tk122.75. Accordingly, total purchases stood at $101 million in June 2026 and $6,416.50 million in FY 2025-26. Sources said the BB purchased the dollars as part of its strategy to stabilise the ...

The energy regulator has withdrawn this month’s power price hike for residential use of up to 75 units per month, following a plea submitted by the Power Division in this regard. On Thursday, the Bangladesh Energy Regulatory Commission (BERC) announced the withdrawal in a notification. As per norms, the decision would affect the low-income and lower-middle-income households. On Wednesday, the ...

Cuba will suspend Visa and Mastercard transactions starting 6 June, its central bank said on Wednesday, citing sanctions imposed by the United States that in recent days have led a swath of foreign businesses to sever ties with the Caribbean island. Cuba’s central bank said a foreign partner that had previously processed credit card transactions for Cuba had decided to ...

Bangladesh has formally approached the International Monetary Fund for a new financial arrangement aimed at reinforcing its macroeconomic reform efforts, the IMF confirmed on Wednesday. In a statement, IMF Mission Chief for Bangladesh Ivo Krznar said discussions have begun on the policy framework and structural priorities that would underpin the proposed funding package. The request comes as the country reassesses ...

The Bangladesh Energy Regulatory Commission (BERC) has announced a significant increase in electricity tariffs at both wholesale and consumer levels, with the new rates taking effect from 1 June. At a press briefing held on Wednesday (3 June) at the Institution of Engineers, Bangladesh (IEB) in Dhaka, BERC said the wholesale electricity tariff has been raised by 19.85 percent. The ...

MetLife Bangladesh has installed a 104-kilowatt (kW) on-grid solar panel system at its Motijheel head office, aiming to generate up to 10 percent of its electricity demand from renewable energy sources. The initiative marks a significant step in the company’s sustainability journey as it seeks to reduce reliance on conventional power sources and promote environmentally responsible operations, said a press ...

Gold prices in Bangladesh have been reduced by Tk3,266 per bhori, with the price of 22-carat gold now set at Tk234,855, according to the Bangladesh Jeweller’s Association (BAJUS). In a statement issued on Tuesday (2 June) morning, BAJUS said the new prices were fixed considering the overall market situation, particularly a decline in the price of pure gold (tejabi gold) ...

Nvidia has announced a new chip for PCs as it moves into the consumer market for devices integrated with AI technology. “This reinvention of the computer is as big of a deal as the reinvention of the phone into what we now know as the smartphone,” Nvidia’s chief executive Jensen Huang said as he unveiled the RTX Spark chip. Huang ...

State Minister for Power, Energy and Mineral Resources Anindya Islam Amit has said that the government increased fuel prices to align domestic rates with the international market. Speaking to reporters on Monday afternoon, the state minister said the government had no alternative but to take the unpopular decision. He also noted that the fuel price adjustment would have no impact ...

To overcome a distressed economic situation, cope with global pressures, tackle persistently high inflation, address the energy crisis, revive stagnant investment, restore balance to foreign exchange reserves, continue reform programmes, and confront challenges in the weak financial sector, the government has prepared an ambitious budget of Tk9.38 trillion for the 2026–27 fiscal year. The budget not only envisages high expenditure ...