Business

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 ...

The Asian Development Bank (ADB) has signed a $30 million sustainability-linked loan facility with Envoy Textiles Limited, marking its first such loan in Bangladesh. The agreement follows ADB’s earlier textile manufacturing project with Envoy in 2022. The financing will support the design and construction of a new automated, energy-efficient spinning unit at Envoy’s manufacturing plant in Jamirdia, Mymensingh, boosting the ...

Asian markets dipped and US futures fell on Wednesday amid growing fears of a government shutdown in Washington, overshadowing optimism over potential interest rate cuts by the Federal Reserve. Gold hovered just below record highs as investors sought safe havens. The political deadlock comes as Democrats and Republicans remain divided on a funding bill to keep the government open beyond ...

Bangladesh’s economy is projected to grow by 4.0% in fiscal year (FY) 2025, rising to 5.0% in FY2026, according to the Asian Development Outlook (ADO) September 2025 released today by the Asian Development Bank (ADB). While garment exports remain a key strength, the subdued growth outlook reflects muted domestic demand amid political transitions, recurrent flooding, industrial labor disputes, and persistently ...

Jaguar Land Rover has said it will resume some production in the “coming days” after a cyber-attack forced the carmaker to suspend operations. Work at its three UK facilities in the West Midlands and Merseyside were halted on 1 September after a cyber-attack the night before. The BBC understands manufacturing will resume first at the engine facility in Wolverhampton on ...

The Korea International Cooperation Agency (KOICA), Korea’s leading development cooperation agency, successfully institutionalized a comprehensive Public-Private Partnership (PPP) with the Bureau of Manpower, Employment and Training (BMET) under the Ministry of Expatriates’ Welfare and Overseas Employment (MoEWOE), 13 local large enterprises, 1 association, and 10 Small and Medium-sized Enterprises (SMEs), and the Bangladesh Engineering Industry Owners Association (BEIOA). The formal ...

The government will underwrite a £1.5bn loan guarantee to Jaguar Land Rover (JLR) in a bid to support its suppliers as a cyber-attack continues to halt production at the car maker. Business Secretary Peter Kyle said the loan, from a commercial bank, would protect jobs in the West Midlands, Merseyside and across the UK. The manufacturer has been forced to ...

Bangladesh has seen a strong rise in remittance inflows, with a 17 percent year-on-year growth recorded during the first 24 days of September, according to data released by the Bangladesh Bank today. During this period, remittances reached US$2,234 million, up from $1,909 million in the same timeframe last year. The upward trend is also evident in the cumulative figures for ...

Edible oil prices have increased in Dhaka’s retail markets, while the prices of rice and vegetables have shown a slight downward trend after months of steady hikes. Traders attribute the changes to adjustments in supply chains, including increased rice imports from India and reduced supplier commissions on oil. A visit to several markets in the capital on Friday morning revealed ...

Prices of loose soybean and super palm oil have gone up in the market without any official announcement from refiners and marketers. Over the past three to four days, the price of these two types of edible oil has increased by around Tk 5 per litre. A market visit to Mohakhali, Tejgaon Colony and Karwan Bazar in Dhaka on Wednesday, ...