Business

Standard Chartered is exploring the sale of its Wealth and Retail Banking (WRB) business in Bangladesh as the international lender moves to sharpen its focus on corporate and investment banking, particularly cross-border trade, capital flows and infrastructure financing. The bank said on Thursday that the proposed sale would have no immediate impact on retail customers or employees, with operations continuing ...

The Asian Development Bank (ADB) will provide a $100 million loan to the Palli Karma-Sahayak Foundation (PKSF) to expand access to safe, affordable and disaster-resilient housing for around 40,000 low- and middle-income families in Bangladesh. The financing will be provided under the Inclusive Affordable Housing Finance Project, which will place special emphasis on housing security for women and people living ...

The Bangladesh Energy Regulatory Commission (BERC) has increased the price of jet fuel for both domestic and international flights, with the new rates taking effect from midnight on Wednesday. Under the revised rates, jet fuel for domestic flights will cost Tk 182.71 per litre, up from Tk 165.65 in September. For international flights, the price has been raised to $1.1882 ...

All Q-Cash services have been fully restored at around 30 banks after remaining suspended for two days, the Q-Cash operator IT Consultants PLC (ITC) and several participating commercial banks confirmed on Tuesday night. In a notice posted on social media, ITC said all services under the Q-Cash network were now operating normally, allowing customers to resume transactions as usual. Bank ...

The government is set to sign an agreement with European aerospace giant Airbus on Wednesday for the acquisition of 10 aircraft for Biman Bangladesh Airlines, with the delivery schedule expected to be finalised amid efforts to strengthen the national carrier. A signing ceremony titled ‘Spreading Our Wings Together’ will be held at a hotel in the capital to mark the ...

Shopping malls, markets and shops across Bangladesh will be allowed to remain open until 10PM until October 22 for the upcoming Durga Puja, according to a government decision. The establishments can remain open from 11AM to 10PM during the period, according to a letter issued by the Power Division of the Ministry of Power, Energy and Mineral Resources on Monday ...

The euro fell 0.6% against the US dollar to $1.1164 on Monday (October 5), its lowest level since March 2025, amid concerns over Europe’s public finances and political uncertainty. The decline was driven mainly by growing concerns over France’s fiscal situation and fears that economic pressure could spread to other highly indebted eurozone countries, according to Anadolu. The euro came ...

The price of a 12kg liquefied petroleum gas (LPG) cylinder has risen to 1,837 for October, according to the Bangladesh Energy Regulatory Commission (BERC). BERC announced the new price on Sunday (October 4), raising it by 252 from the September price of 1,585. The new price will be effective from Sunday (October 4). In September, BERC had reduced the price ...

Elon Musk’s estimated net worth jumped by $61 billion in a single day, reaching $979.7 billion and bringing him close to the $1 trillion mark, according to Forbes’ Real-Time Billionaires list. Musk’s wealth surged as shares of SpaceX and Tesla rose sharply on Friday (October 2). SpaceX shares gained more than 7% to $158.84 after several successful launches within 24 ...

Property management is rarely associated with technology in Bangladesh. It is usually a world of landlords, tenants, caretakers, brokers, rent collection and phone calls. But globally, property management is becoming increasingly digital. Modern property management platforms can bring together rent collection, accounting, maintenance, documentation, tenant communication and other services in one system. Instead of depending on paper records, spreadsheets, phone ...