Business

Bangladesh has secured an agreement to import more than 500000 tonnes of muriate of potash fertiliser from Russia in the 2026-27 fiscal year, strengthening agricultural cooperation between the two countries. The deal was signed between Russia’s state trading enterprise Prodintorg and the Bangladesh Agricultural Development Corporation. Officials from both governments attended the signing ceremony, including Russian Ambassador Alexandr Khozin and ...

Oil prices rebounded to $100 on Tuesday while stock markets were mixed and the dollar firmed after US military strikes on Iran deflated hopes of an imminent deal to reopen the Strait of Hormuz. The United States and Iran have been working on an agreement to end the Middle East war and reopen the crucial waterway to tanker and cargo ...

Although banks across Bangladesh are observing a seven-day Eid-ul-Azha holiday from May 25 to 31, selected bank branches remained open on a limited scale to facilitate salary and allowance payments for garment workers and to support import-export activities on Tuesday. Office operations at the designated branches are being conducted from 10AM to 3PM, while customer transactions are allowed from 10AM ...

Bangladesh is set to host its first Trade and Investment Conference 2026 next month, aiming to strengthen economic resilience and attract greater foreign investment ahead of the country’s graduation from Least Developed Country (LDC) status. State Minister for Foreign Affairs Shama Obaed Islam on Sunday chaired a high-level preparatory meeting for the conference, which is scheduled to take place on ...

Bangladesh has seen a strong rebound in remittance inflows in May, with overseas workers sending home 41.31 percent more money in the first 23 days of the month compared with the same period a year earlier, central bank figures show. Data released by Bangladesh Bank indicate that expatriates remitted 2.97 billion US dollars between May 1 and May 23, 2026, ...

Traffic pressure on the Jamuna Bridge and the Dhaka-Tangail Highway has increased significantly as people from Dhaka and surrounding industrial areas head to their hometowns in North Bengal ahead of Eid-ul-Azha. The Jamuna Bridge authority said that from 12:00 am Friday to 12:00 am Saturday (May 23), a total of 32,649 vehicles crossed the bridge. Among them, 16,753 vehicles travelled ...

Eid-ul-Azha is fast approaching, bringing with it a surge in festive economic activity. It is estimated that transactions worth nearly Tk 100,000 crore take place around the festival. However, while most sectors enjoy strong business momentum during Eid, the leather industry once again finds itself in a struggling and vulnerable position. Prices of leather products have increased significantly over the ...

Bangladesh Bank has announced a Tk60,000-crore stimulus package aimed at reviving closed and struggling factories to support production, exports, private sector growth, and employment amid ongoing economic challenges. Of the total package, Tk41,000 crore will be used for refinancing facilities to help reopen factories, while the central bank will provide Tk19,000 crore from its own fund, Governor Md Mostaqur Rahman ...

Human resource professionals, policymakers, academics and industry leaders on Friday stressed the need for greater investment in skilled human resources to support Bangladesh’s long-term economic growth and competitiveness. Eastern University, in collaboration with the Federation of Bangladesh Human Resource Organizations (FBHRO), organised a pre-budget roundtable discussion at the university’s Dhanmondi campus in the capital. Planning State Minister Zonayed Saki attended ...

Gold prices in the country have decreased ahead of Eid-ul-Azha. The price of 22-carat gold has been reduced by Tk2,158 per bhori, setting the new rate at Tk 235,963 per bhori. The new pricing decision was announced by the Bangladesh Jewellers Association in a statement issued on Saturday (23 May). The revised prices came into effect from 10:00 am on ...