Business

Gold prices in Bangladesh have been cut again, with the price of 22-carat gold, the highest quality available in the local market, reduced by Tk 5,481 per bhori (11.664 grams). The new prices came into effect at 10am on Saturday, according to the Bangladesh Jewellers Association (BAJUS). With the latest adjustment, the price of 22-carat gold has been fixed at ...

Scholastica Limited, one of Bangladesh’s prominent English-medium school operators, had total liabilities of Tk730 crore in December 2025, including Tk727 crore in defaulted loans, according to IFIC Bank records. An investigation based on bank records and audit documents also found that more than Tk425 crore was reportedly transferred to a company whose existence could not be verified. The findings have ...

Islami Bank Bangladesh PLC’s fortunes have sharply turned around this year for the second time in its history, according to earnings figures revealed at an internal meeting on Thursday. The bank, once the country’s biggest, saw sharp losses after the forceful takeover by the S Alam group under the Awami League regime. Following the regime’s ouster, it started recouping losses, ...

Japan’s ONODERA User Run Co Ltd. will collaborate with the Centre for Zakat Management (CZM), the Institute of Islamic Social Finance (IISF), and Rahimafrooz to establish a Japanese language and skill development centre in Bangladesh. A memorandum of understanding (MoU) formalising the collaboration was signed in Dhaka on Thursday. The initiative aims to equip young Bangladeshis, particularly those from underprivileged ...

The price of gold has gone up again in the domestic market, with the cost of the best-quality 22-carat gold rising by Tk 2,216 per bhori. The new rates came into effect from 10am Wednesday, according to a press release issued by the Bangladesh Jewellers Association (BAJUS). With the latest adjustment, 22-carat gold will now sell at Tk 223,074 per ...

Saudia Airlines’ flights on the Dhaka-Riyadh route, suspended following attacks by Yemen’s Houthi armed group on several Saudi airports, may resume on Wednesday, October 28, if conditions permit. The Hazrat Shahjalal International Airport authorities said in a statement on Tuesday evening, citing the airline, that flights on the route could resume from Wednesday. Meanwhile, 146 flights between Dhaka and various ...

The government has appointed new managing directors (MDs) and chief executive officers (CEOs) for state-owned Janata Bank PLC, Agrani Bank PLC and BASIC Bank PLC, while reinstating Sonali Bank PLC MD and CEO Md Shawkat Ali Khan. The reversal came seven days after the government issued an order cancelling Shawkat Ali Khan’s contractual appointment for the remainder of his term. ...

Finance Minister Amir Khosru Mahmud Chowdhury on Saturday said the government wants to establish creative industries as a mainstream economic sector and a source of Bangladesh’s soft power on the global stage. “Arts and culture, rural handicrafts, music, films and theatre must be integrated into mainstream economic activities to become key drivers of the country’s future GDP growth and strengthen ...

Property64, an online property marketplace, has launched in Bangladesh, allowing users to list, search and enquire about properties for sale or rent. The platform, available at property64.com, allows property owners, agents and companies to publish listings. Buyers and tenants can contact sellers by phone, WhatsApp or online chat. Listings cover land, flats, houses, commercial properties, businesses, hostels, mess accommodation and ...

Technology, innovation, start-ups and fin-techs could help accelerate the Indo-UAE relations to $200 billion in the next few years, according to a senior Indian diplomat. India’s bilateral trade with the UAE reached $101.25 billion, marking the second consecutive year exceeding the $100 billion milestone. India’s exports to the UAE exceeded $37.35 billion, making the UAE India’s second-largest export destination and ...