Business

The country’s annual per capita income rose 1% to US$2,769 in the 2024–25 fiscal year, according to final data released by the Bangladesh Bureau of Statistics (BBS) on Thursday. In local currency, per capita income stood at Tk334,511 in FY25, up from Tk304,102 in the previous fiscal year. In FY24, per capita income was $2,738. The BBS also said the ...

Newly appointed Governor of Bangladesh Bank (BB) Mostaqur Rahman signalled a work-first approach as he assumed office as the country’s 14th governor on Thursday, saying he intends to prove his competence through actions rather than statements. Arriving at the central bank headquarters, Rahman was received by deputy governors and senior officials. Speaking briefly to reporters while entering the building, he ...

On the third day of Ramadan, Sadia realised she had underestimated how quickly household essentials run out during the holy month. The cooking oil she bought just before Ramadan was already halfway finished. The dishwashing liquid needed replacing sooner than expected. Extra guests at iftar meant more cleaning, more laundry, more groceries, and more frequent restocking. Like many urban households, ...

The BNP has formed the government after securing a majority in the recent National Parliament elections. However, even before assuming office, weaknesses in the country’s economy were evident. There has been a slowdown in trade and commerce, a decline in investment and instability in the banking sector. Unchecked high interest rates have further worsened the situation. Confidence in the capital ...

A Memorandum of Understanding (MoU) signing ceremony between Unimass Holdings Ltd. and the Department of Real Estate of Daffodil International University (DIU) was successfully held recently at the International Conference Room in the campus. The event marked a significant step toward bridging academic learning with real-world industry practices in Bangladesh’s real estate sector. The ceremony welcomed distinguished representatives from Unimass ...

A new situation has emerged in global trade after the Supreme Court of the United States declared President Donald Trump’s previously announced retaliatory tariffs illegal. Although the court ruling effectively nullified the earlier tariffs, Trump later issued a new executive order reimposing a 15 percent import tariff on all countries. As a result, the overall situation remains unclear, according to ...

Top business leaders in Chattogram have demanded a business-friendly environment and simplified trade policies to revitalise the country’s stagnant economy following the BNP’s landslide victory in the 13th national parliamentary election. The government, led by Prime Minister Tarique Rahman, began its new journey after the change in power. To breathe life into the private sector, the port city’s entrepreneurs urged ...

A surge in capital gains tax, employers’ National Insurance contributions and a boost in income tax receipts helped buoy the government’s finances last month. An uptick in tax receipts, which far outstripped spending, created a £30.4bn surplus in January. The Office for National Statistics (ONS) said it was the highest surplus in any month since records began in 1993, without ...

The government has formally requested a three-year deferment of Bangladesh’s graduation from the least developed country (LDC) category, sending a letter to the United Nations Committee for Development Policy (CDP). According to officials at the Economic Relations Division (ERD), the letter, signed by ERD Secretary Md Shahriar Kader Siddiqui on Wednesday (18 February), was sent to the CDP under the ...

Bangladesh’s foreign exchange reserves stood at $34.78 billion, according to the latest data from the Bangladesh Bank (BB) released here today. However, according to the International Monetary Fund’s (IMF) BPM-6 accounting method, the reserves stood at $30.06 billion, the BB added.