Business

Terminated officials of HSBC Bangladesh on Saturday accused the multinational bank for violating local labor laws, misleading the regulatory authority and depriving employees of their rightful financial benefits following the closure of its retail banking operations. The allegations were raised in a press conference, organized by the deprived HSBC officials, at the Economic Reporters’ Forum (ERF) auditorium in the capital’s ...

Bangladesh Navy under the Official Security Assistance (OSA) received five patrol boats from Japan as part of efforts to strengthen security cooperations between the two countries. This is the first OSA project for Bangladesh, which was decided by the government of Japan as OSA FY2023 Project, said Japanese Ministry of Foreign Affairs on Friday adding that this aims to assist ...

The Bangladesh Jewellers’ Association (Bajus) has raised gold prices for the second consecutive day, increasing the price of 22-carat gold by Tk4,374 per bhori to Tk228,556, including VAT. The new rates were announced on Friday after local pure gold prices increased. Under the revised rates, 21-carat gold will cost Tk218,292 per bhori, 18-carat gold Tk187,440 and traditional-method gold Tk153,148, all ...

Bangladesh Energy Regulatory Commission (BERC) on Thursday announced a sharp reduction in the retail price of liquefied petroleum gas (LPG), lowering the price of the widely used 12kg cylinder by Tk357. Under the revised pricing, a 12kg LPG cylinder will now cost Tk1,528, down from the previous rate. The new prices came into effect from 6:00 PM on Thursday. BERC ...

The ninth national pay-scale, with the fully revised basic salary, takes effect from Wednesday (July 1) in two phases, replacing the earlier proposal to introduce the new pay structure in three stages. All the other revised allowances, including house rent and medical allowances, would be introduced from the 2027-28 fiscal year. The basic salary range under the Ninth National Pay ...

The Finance Ministry has approved a legal exemption for Shinepukur Ceramics, a concern of the default-hit Beximco Group, to open a letter-of-credit (LC) with the Sonali Bank. However, Sonali Bank cannot demand any financial assistance from the Ministry of Finance in relation to the loan, nor will the Finance Division under the ministry bear any liability to this end, the ...

A bank holiday is being observed across the country on Wednesday (July 1), with all customer banking services and stock market trading remaining suspended nationwide. According to Bangladesh Bank sources, July 1 is observed as the half-yearly closing date for the banking sector. Scheduled banks use the day to reconcile accounts, prepare half-yearly financial statements and complete other year-end accounting ...

A-Challan is becoming mandatory for depositing all public revenues and other government receipts from Wednesday, July 1, 2026 The government of Bangladesh made this move aiming to bring every receipt into the Treasury Single Account in real time, end manual challans and strengthen public cash management. From the beginning of FY2026-27, no ministry, division, department or subordinate office will be ...

The EUROBIKE-2026 concluded successfully at Messe Frankfurt, bringing together exhibitors, industry professionals, and cycling enthusiasts from across the world from 24 to 27 June. Rangpur Metal represented Bangladesh at the event, highlighting the country’s growing capabilities in bicycle, according to press release on Monday. The company engaged with global buyers, industry stakeholders, and potential partners during the exhibition. The event ...

Global gold and silver prices fell on Monday as expectations of further US Federal Reserve interest rate hikes and geopolitical tensions weighed on precious metals, Reuters reported. Spot gold slipped 0.8 per cent to US$4,057.77 per ounce. US gold futures for August delivery fell 0.6 per cent to US$4,072.20 per ounce. Spot silver dropped 0.9 per cent to US$58.51 per ...