Business

The International Monetary Fund (IMF) has cut its forecast for Bangladesh’s economic growth to 3.2% for fiscal year 2027, down from the 4.3% projected in April. In its latest World Economic Outlook report, released on Tuesday, the IMF said the global economy was once again proving resilient, “but unevenly so”. The report identified two major transformative forces — geopolitics and ...

The UK economy is forecast to grow by more than previously expected this year before higher energy prices and interest rates hit the economy in 2027, the International Monetary Fund (IMF) said. The organisation’s latest report, which is closely watched by the government, said the UK economy would expand by 1.3% in 2026, up from the 1% it predicted in ...

The World Bank is ready to provide necessary support to Bangladesh as the government works to restore economic stability and implement its development plans, Finance Minister Amir Khasru Mahmud Chowdhury has said. However, no final decision has been made on an additional $10 billion in assistance. The minister made the remarks while speaking to journalists after a meeting with a ...

Chancellor John Healey faces having to find £35bn to avoid cuts to public spending while meeting defence promises in his first Budget, an influential think tank has warned. The Institute for Fiscal Studies (IFS) said that if the government wants to raise defence spending to 3% of national income by 2030 and lift health spending without squeezing other departments, it ...

A high-level delegation of the Military Engineer Services (MES) has praised Walton Hi-Tech Industries PLC for its manufacturing capacity, technological capabilities and research activities, emphasising the importance of prioritising locally made products. Led by Major General Hasan Uz Zaman, Engineer-in-Chief of MES, the delegation visited Walton’s headquarters in Chandra, Gazipur, where it observed the company’s manufacturing facilities, product range and ...

By Matiar Chowdhury:   The Bangladesh Caterers Association (BCA) has shortlisted 48 restaurants from across the United Kingdom for its prestigious Restaurant of the Year 2026 competition, following a rigorous selection process involving hundreds of entries. The winners will be announced at the 19th BCA Awards ceremony on November 1, 2026, at the five-star Park Plaza Westminster Bridge Hotel in ...

Five flights involving Bangladesh and Saudi Arabia have been cancelled following the closure of Riyadh’s King Khalid International Airport after a Houthi attack on October 10. The airport is scheduled to remain closed until 3am Bangladesh time on October 12. Civil Aviation Authority of Bangladesh (CAAB) public relations official Kausar confirmed the cancellations. The affected flights are Saudia SV804/805 and ...

AAUB organises training on outcome-based education to strengthen academic excellence Aviation and Aerospace University, Bangladesh (AAUB), through its Department of Aviation Operation Management (AVOM), organised a day-long training programme on Outcome-Based Education (OBE) to strengthen curriculum development, assessment practices and academic quality assurance. Titled “Training on Outcome-Based Education (OBE): Curriculum, Assessment and Continuous Quality Improvement,” the programme was held at ...

Tax cuts for big banks have deprived the UK government of £6bn in revenues, according to campaigners, who are calling on the chancellor, John Healey, to increase taxes and force lenders to pay their “fair share” in the budget. Calculations by the Trades Union Congress (TUC), which represents unions with more than 5.3 million members across England and Wales, shows ...

The sixth edition of the weekly ‘Super Sale Car Bazar’ began at the International Convention City Bashundhara (ICCB) in Dhaka on Friday, offering buyers and sellers a platform to trade a range of vehicles. The marketplace opened at 11:00am and will remain open until 8:00pm. Launched on 4 September, the event has received encouraging responses from buyers and sellers over ...