Business

The price of bottled soybean oil has been increased by Tk 14 per liter by edible oil mill owners, raising the retail price from Tk 175 to Tk 189 per liter. The announcement came on Sunday through a press release issued by the Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association. The association stated that the new price has come ...

Bangladesh Investment Development Authority (BIDA) and Bangladesh Economic Zones Authority (BEZA) Executive Chairman, Chowdhury Ashik Mahmud Bin Harun, has announced that an initial investment proposal worth Tk 3,100 crore has been received following the recently concluded investment summit, noting that additional investment proposals are still in pipeline. He made this statement during a press conference held on Sunday at Foreign ...

Business leaders and trade experts at a discussion on US tariffs on Saturday emphasised that strategic negotiations and industrial capacity building are crucial for Bangladesh to navigate tariff-related challenges. They stressed the importance of collective efforts from both the private and public sectors to resolve tariff issues with the United States. The observations came at a discussion titled “US Tariff ...

Bangladesh Bank Governor Dr Ahsan H Mansur stated on Friday that except for inflation, which has yet to come down to a desired level, we are in a comfortable position overall. Speaking at a views-exchange meeting with journalists on Friday at the central bank’s Chattogram office, Dr Mansur said that recovering money laundered abroad is a highly complex and time-consuming ...

The UK economy grew by more than predicted in February and exports to the US increased by £500m as businesses rushed to beat US tariffs. The economy expanded by 0.5%, with the services sector having a strong month, the Office for National Statistics (ONS) said. The better-than-expected figures come as the UK economy braces itself for the impact of tariffs ...

Markets were thrown into turmoil again Friday as renewed fears over U.S. tariffs triggered a broad sell-off in equities and the dollar, while gold surged to a fresh record high. The volatility followed President Donald Trump’s admission that his aggressive global tariff push would come with a “transition cost,” prompting fresh panic among investors already rattled by his economic confrontation ...

Bangladesh’s largest B2B commerce platform ShopUp has entered Saudi Arabia’s startup ecosystem through a merger with Riyadh-based services and marketplace platform Sary, backed by US and Saudi investors, reports Arab News. Both ShopUp and Sary help small businesses buy products in bulk from wholesalers or manufacturers with digital ordering platforms, delivery and financial services. Together they have formed SILQ Group, ...

The International Monetary Fund said Wednesday that it had reached a staff-level deal with Ivory Coast authorities, paving the way towards disbursements amounting to about $740 million. The announcement comes after reviews of the country’s economic reform program and its climate change reform program, the IMF said in a statement. Authorities continue making “great strides” towards objectives that include reducing ...

A “commercial solution” for British Steel is “within reach” according to Culture Secretary Lisa Nandy, as the government considers nationalising the Chinese-owned business. Nandy told the BBC that British Steel – which employs 2,700 people – will “continue to be an important part of our economy for years to come” and an agreement over its future was “achievable and within ...

ASEAN must take “bold” steps to accelerate regional economic integration, according to the bloc’s Secretary-General Kao Kim Hourn, as escalating US tariffs disrupt global trade. Speaking at an investment conference in Kuala Lumpur, he emphasized that ASEAN nations, heavily reliant on the United States as their main export market, have been deeply affected by President Donald Trump’s tariffs. Kao called ...