Business

Asian equities edged lower on Friday, capping off a volatile week marked by optimism over a Middle East ceasefire and booming AI investments, tempered by mounting concerns about a US government shutdown and possible overheating in the tech sector. Despite record highs earlier in the week for some markets—as well as gold and bitcoin—investors are increasingly wary that valuations, particularly ...

Robbers looted around 500 bhories of gold ornaments from a jewellery shop inside Fortune Shopping Mall in the capital’s Malibagh area on Wednesday night, owners claimed. According to Ramna Police Station inspector Tariqul Islam, the robbers entered ‘Shompa Jewelers’ breaking lock of the shutter at night. Later, they robbed the gold ornaments. Owners claimed that around 500 bhories of gold ...

The US dollar rose to its strongest in more than two months in early Asian trading on Wednesday as risks around the US government shutdown intensified, sparking fresh investor worries and boosting demand for safe-haven assets. The dollar index which measures the greenback’s strength against a basket of six currencies, rose 0.3% to as much as 98.91, its highest since ...

Gold prices in the country have increased once again, with the price of 22-carat gold now set at Tk 2,02,195 per bhori (11.664 grams), marking a rise of Tk 1,469 from the previous rate. Bangladesh Jewellers Association (BAJUS) announced the new pricing in a press release issued on Tuesday night, stating that the revised rates will come into effect across ...

A company providing accommodation to asylum seekers has made nearly £187m in profits since being awarded lucrative government contracts, despite allegations of “terrible” conditions at the hotels it uses. Clearsprings Ready Homes is one of three companies with 10-year Home Office contracts to provide accommodation services for asylum seekers. The overall expected costs of these services have increased more than ...

Gold prices have surged past Tk 200,000 mark per bhori (11.664 grams) for the first time in history, following yet another hike within 24 hours. The Bangladesh Jewellers Association (BAJUS) announced on Monday night that the price of 22-carat gold has been increased by Tk 3,150 per bhori, effective from Tuesday (October 11). With the latest adjustment, the price of ...

International gold prices surpassed US$3,900 per troy ounce on the 3rd, with US$4,000 now in sight. On the same day, the three major indices of the New York Stock Exchange also closed at record highs and Bitcoin, a leading cryptocurrency, breached the US$125,000 mark—a record high—on the 5th. A so-called “Everything rally,” where both safe-haven and risk assets are rising ...

British Trade Envoy to Bangladesh Baroness Winterton of Doncaster DBE has arrived in Dhaka on a five-day official visit aimed at deepening the longstanding trade and investment relationship between the UK and Bangladesh. The Trade Envoy’s mission will reinforce the UK’s commitment to supporting Bangladesh’s long-term economic reform agenda and boosting two-way trade and investment for mutual prosperity, said the ...

Islami Bank Bangladesh PLC has regained control of its verified Facebook page around 4:00 pm on Friday (3 October), roughly 12 hours after it was compromised by hackers earlier in the day. Nazrul Islam, Head of Public Relations at Islami Bank, confirmed the recovery. “The page was hacked in the morning. After continuous communication with Facebook authorities, we were able ...

The official Facebook page of Islami Bank Bangladesh was compromised early Friday, with hackers posting a threatening message and altering the page’s profile and cover photos. The group behind the cyberattack, identifying itself as ‘Team MS 47OX’, claimed responsibility in a post published at 5:42 AM. In the message, the group warned that it was monitoring the bank’s activities and ...