Business

The US Treasury Department authorised the production, delivery and sale of Iranian oil on Monday, a move promised under an agreement reached by Washington and Tehran last week. The general license, announced as the two sides continue talks aimed at reaching a final peace deal, allows the production, delivery and sale of crude oil and petrochemical and petroleum products of ...

The Bangladesh Bank has relaxed regulations governing the remittance of visa and consular fees, allowing foreign embassies and their authorised visa-processing agents in Bangladesh to transfer collected fees abroad through banks without seeking prior approval from the central bank for each transaction. The central bank issued a circular on Monday outlining a formal framework for the overseas remittance of visa-related ...

The government is working to simplify the business startup process and reduce bureaucratic hurdles, with a target of enabling businesses to be launched within 14 days. Commerce Minister Khandaker Abdul Muktadir made the remarks on Monday while speaking as chief guest at a briefing session titled “Aligning Investment, Trade and Decent Work Agenda for Resilient and Inclusive Supply Chains” at ...

The ‘Mirzapore Tea Estate’, owned by Bangladesh’s heritage company Ispahani Tea Limited, has once again won the ‘National Tea Award’ in the Best Tea Estate category based on worker welfare. In addition, Jasmine Akter, a tea worker from Neptune Tea Estate, also owned by Ispahani has received the award for the third time in the Best Tea Leaf Plucker category. ...

Bangladesh on Sunday formally launched the process of formulating its first-ever integrated Civil Aviation Master Plan (CAMP) to guide the sustainable and long-term development of the country’s aviation sector over the next three decades. The formal journey of preparing the national aviation roadmap began with the inauguration of a workshop titled “Civil Aviation Master Planning Overview” at Hotel InterContinental here. ...

The Bangladesh Textile Mills Association (BTMA) on Saturday called on the government to maintain the existing requirement of 30 per cent value addition for importing raw materials against bank guarantees, saying the measure is vital to safeguarding the country’s textile industry. Expressing deep concern over the proposed national budget for the fiscal year of 2026-27, which seeks to withdraw this ...

Gold prices have been reduced once again in the domestic market, with the Bangladesh Jewellers Association (BAJUS) lowering the price of 22-carat gold by Tk2,216 per bhori. Under the revised rates, the price of one bhori (11.664 grams) of 22-carat gold, including VAT, has been set at Tk226,340. BAJUS announced the new prices in a statement on Saturday morning, saying ...

The Bangladesh Restaurant Owners Association (BROA) on Friday placed a seven-point charter of demands at a press conference held at its central office in the capital’s Purana Paltan area on Friday, urging the government to make business-friendly tax policies in the national budget for 2026-27 fiscal year. The association called on the government to introduce a uniform Value Added Tax ...

In an unprecedented move, 36 banks, including two foreign lenders, have initiated a coordinated effort to restructure more than Tk26,600 crore in loans extended to City Group, one of Bangladesh’s largest industrial conglomerates. The initiative comes as the group faces mounting financial pressures caused by foreign exchange losses, shrinking working capital, reduced bank support and delays in gas connections for ...

Expressing concern over the excessive and unreasonable taxes imposed on the housing sector in the national budget, REHAB President Dr Ali Afzal has called for policy reforms to make housing more accessible for ordinary people. Dr Ali Afzal, who is also chairman of Krishibid Properties Ltd (KPL) and Glorious Lands and Developments Ltd (GLDL), said the housing sector is not ...