Business

Bangladesh’s economy received a dual boost this month as inflation continued its downward trajectory and remittance inflows surged to historic levels, signaling potential relief for household budgets and broader economic stability. According to the latest data released on Monday by the Bangladesh Bureau of Statistics, the country’s general point-to-point inflation eased to 8.48 percent in June, down from 9.05 percent ...

Investment firm Azoria Partners said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange traded fund after Tesla CEO Elon Musk said he was forming a new US political party. Musk made the announcement a day after polling his followers on the X social media platform he owns, declaring, “Today the America Party is formed to ...

The National Board of Revenue (NBR), in partnership with the Finance Division, has introduced the ‘a-chalan’ system, enabling real-time, direct deposit of customs duties and taxes into the government treasury. This new digital platform allows importers, exporters, and C&F agents to pay taxes and duties related to import and export activities online, marking a significant step towards automation at the ...

Asian markets were mixed on Friday as investors treaded cautiously ahead of a looming July 9 tariff deadline set by US President Donald Trump. Despite record gains on Wall Street, sentiment across Asia remained restrained due to ongoing trade uncertainties. Japan’s Nikkei 225 fell 0.6% to 39,762.20, giving up earlier gains. South Korea’s KOSPI dropped 1.2% to 3,078.31, while Hong ...

Vegetable prices remain high in the capital’s markets, despite sufficient supply. The prices of all types of vegetables have increased by Tk 10 to 20 per kg. Meanwhile, prices of chicken and eggs have declined slightly. But, the prices of potatoes and onions remain stable in the markets. While visiting Shantinagar, Malibagh, Shewrapara and Mirpur:2, it was found that though ...

The governments of Bangladesh and Sweden Thursday signed a grant agreement aimed at strengthening Bangladesh’s capacity for natural resource management and enhancing its resilience to climate change. As part of the agreement, Sweden will provide approximately 4.9 million Swedish Krona (about Tk 6.16 crore) in grant funding for a new project titled “Strengthening Capacity of MoEFCC, DoE and BFD for ...

The National Board of Revenue (NBR) has revised its baggage rules to make them more traveler-friendly, allowing expatriates to bring gold bars under certain conditions. The updated regulations, formally titled “Baggage Rules for Non-Tourist Passengers, 2025,” were issued on June 2 and came into effect Wednesday (July 2), according to an NBR press release. NBR spokesperson Al-Amin Sheikh said the ...

Bangladesh received a record-high US$30.32 billion in remittances during the 2024–25 fiscal year, marking a significant 26.8% year-on-year increase compared to the US$23.9 billion received in FY2023–24, according to Bangladesh Bank data. The inflow between July 2024 and June 2025 set a new benchmark as the highest annual remittance in the country’s history. The growth trend was bolstered by rising ...

Bangladesh Jewellers Association (BAJUS) has announced a hike in gold prices effective from July 2, marking the beginning of 2025–26 fiscal year.Bangladeshi cuisine recipes The price of 22-carat gold has increased by Tk 1,890 per bhori, bringing it to Tk 172,126 up from Tk 170,236. In a press release issued on Tuesday, BAJUS stated that the adjustment was made due ...

Liquidators for Malaysia’s sovereign wealth fund 1MDB have sued Standard Chartered Bank in Singapore alleging it enabled fraud that led to more than $2.7 billion in financial losses more than 10 years ago. Standard Chartered on Tuesday said that it emphatically rejected the claims. The move is the latest in a wide-ranging effort to recover money belonging to 1Malaysia Development ...