Business

Commerce Adviser Sheikh Bashir Uddin on Tuesday said the government is actively working to reduce the existing 20% reciprocal tariff imposed by the United States on Bangladeshi exports to 15%. “There is a collective effort at all levels of the government to bring down the tariff from 20% to 15%,” he said during a press briefing at Secretariat following a ...

The government has reduced the retail price of loose palm oil by Tk 19 per litre following a decline in prices on the international market. However, the price of bottled soybean oil will remain unchanged at Tk 189 per litre. Commerce Secretary Mahbubur Rahman announced the new price at a press conference held at the Ministry of Commerce on Tuesday ...

After introducing new Tk 1,000, Tk 50, and Tk 20 notes, the central bank has decided to release a new Tk 100 banknote into the market on Tuesday (August 12). The information was confirmed in a press release issued on Sunday by the Communications and Publications Department of the central bank, signed by Director Nurunnahar. The new note, predominantly blue, ...

Bangladesh’s gross foreign exchange reserves have risen to $30.25 billion, according to Bangladesh Bank, reflecting a slight improvement in the country’s external financial position. The central bank’s Executive Director and Spokesperson, Arif Hossain Khan, confirmed the figure on Sunday, with official data showing reserves at $30,248.11 million as of August 9—up from $30 billion on August 4 and $30.004 billion ...

The US gold futures market briefly touched an all-time high on Friday before retreating, following uncertainty over whether President Donald Trump’s latest tariff hikes would apply to certain gold bars. US customs authorities issued a July 31 letter, published online Friday, stating that gold bars of one kilogram and 100 ounces (2.8 kilos) should be classified as subject to tariffs. ...

Onion prices have surged by up to Tk 15 per kilogram—a 24 percent jump within a week—putting pressure on consumers. The price hike, typical during August, is driven by adverse weather, a halt in onion imports from India, and reduced supply from key producing regions. In Dhaka’s wholesale market at Karwanbazar, local onions are priced between Tk 70-75 per kg, ...

US President Donald Trump’s media group and Tesla, the electric vehicle giant led by Elon Musk, are part of a growing wave of companies amassing large reserves of bitcoin in a bid to diversify assets, hedge against inflation, and attract crypto-savvy investors. Once seen as a fringe investment, bitcoin has become a strategic financial tool for both tech firms and ...

Continued heavy monsoon rains across Bangladesh have caused significant disruptions in agricultural production and supply chains, leading to sharp increases in the prices of essential food items. Consumers, particularly those from low- and middle-income groups, are feeling the pinch as market prices rise steadily. In Dhaka’s key retail markets, staples including eggs, onions, cooking oil, green chilies, lentils, and various ...

Bangladesh has seen a sharp rise in remittance inflows at the start of August, with expatriates sending US$328 million in the first five days; an 81.6 percent increase compared to $181 million during the same period last year, according to data released by Bangladesh Bank. From July 1 to August 5 of the current fiscal year (FY2025-26), total remittances stood ...

India has strongly criticized US President Donald Trump’s decision to impose an additional 25% tariff on Indian goods, calling the move “unfair, unjustified and unreasonable.” In an official statement issued shortly after the announcement, Ministry of External Affairs (MEA) said the Indian government will take all necessary steps to protect its national interest. “We have already clarified that our energy ...