Business

The price of gold has been revised downward for the first time in weeks, following four consecutive hikes, according to the Bangladesh Jewellers Association (BAJUS). In a press release issued Tuesday night, BAJUS announced that the price of 22-carat gold has been reduced by Tk 1,668 per bhori (equivalent to 11.664 grams), bringing the new rate to Tk 172,860 per ...

Bangladesh’s foreign currency reserves have seen a significant rise, crossing $27 billion mark, driven by renewed remittance inflows and a recent disbursement from International Monetary Fund (IMF). According to the latest data from Bangladesh Bank, the country’s gross foreign exchange reserves currently stand at $27.30 billion, marking a notable increase from previous levels. When calculated under the Balance of Payments ...

Officially, Google Pay launched in Bangladesh, ushering in a new era of seamless digital transactions for consumers. City Bank customers will be able to add their Mastercard or Visa cards to Google Wallet to use the Google Pay payment mechanism. Ahsan H. Mansur, Governor of Bangladesh Bank, launched the services at a programme held at a hotel in the capital ...

In light of the ongoing global situation, the United Arab Emirates, Kuwait, Bahrain and Qatar have temporarily closed their airspace. For this, schedules of several flight from Dhaka to these destinations have been changed and some flights have been temporarily disrupted. Specially, authorities changed the flights schedules on Sharjah, Bahrain, Kuwait, Doha, Abu Dhabi and Dubai routes. These flights have ...

Bangladesh has made a notable impact at this year’s China-South Asia Expo, demonstrating its growing commitment to regional economic cooperation and trade expansion, report UNB. The country’s significantly expanded presence reflects a strategic push to strengthen partnerships across South Asia and beyond. Compared to previous years, Bangladesh’s participation has seen a sharp increase. “Last year, Bangladesh had fewer than 10 ...

Remittance inflow from overseas Bangladeshis reached nearly Tk 22,700 crore in the first 18 days of June, according to Bangladesh Bank. The country received about 1.86 billion dollars through official banking channels during this period, averaging 103.3 million dollars daily. Since the start of the current fiscal year in July 2024, total remittance has crossed 29.36 billion dollars, up 27.3 ...

In Bangladesh’s thriving garment sector, where sustainability and global competitiveness are increasingly critical, Blue Dream Group stands out as a model of responsible success. With over 16 years of industry experience and a clear commitment to ethical manufacturing, the company has solidified its place as a trusted partner for clients worldwide. Founded in 2010 by visionary entrepreneur KSM Shopnill Chowdhury ...

The government is concentrating on four key priorities to create a more business-friendly environment for investors, said Chowdhury Ashik Mahmud Bin Harun, Executive Chairman of Bangladesh Investment Development Authority (BIDA) and Bangladesh Economic Zones Authority (BEZA), reports BSS. In an interview with BSS at Investment Building in Dhaka, he said the focus areas include accelerating high-impact investment projects, improving and ...

The amount of money deposited in Swiss banks under Bangladesh’s name has surged dramatically, according to the latest data released by the Swiss National Bank (SNB). The central bank of Switzerland published its annual report on liabilities and assets held by Swiss banks for countries worldwide for the year 2024. The report reveals that by the end of 2024, Swiss ...

A “dismal” month for supermarkets led to retail sales falling in May at the fastest pace for more than a year, the UK’s statistics body has said. Sales volumes dropped 2.7% in May, the biggest monthly fall since December 2023, according to the Office for National Statistics (ONS). Food retailers saw lower sales of alcohol and tobacco as households cut ...