Business

Commerce Minister Khandakar Abdul Muktadir has urged Turkish businesses to increase investment in Bangladesh’s leather, non-leather, ready-made garment (RMG) and shipbuilding industries. He also called for the removal of customs barriers and reduction of additional tariffs on Bangladeshi products entering the Turkish market to help expand bilateral trade. He made the call during a bilateral meeting with Turkish Trade Minister ...

Oil prices slipped more than 1% on Monday after Iranian and Qatari officials held a third straight day of talks aimed at pushing for a deal to end the US-Israeli war on Iran. Brent crude futures fell $1.59, or 1.40%, to $111.84 a barrel by 0011 GMT while US West Texas Intermediate crude was at $102.56 a barrel, down $1.56, ...

Bangladesh lost an estimated USD$17.5 billion in potential earnings in 2025 due to heat exposure, highlighting the growing economic cost of climate change as rising temperatures increasingly threaten public health, productivity and livelihoods, according to the 2026 Lancet Countdown Report on Health and Climate Change. The country also lost an average of more than 26 billion potential labour hours annually ...

ICC Bangladesh President Mahbubur Rahman has said access to affordable foreign currency financing has become increasingly important for sustaining international trade, industrial production and investment amid Bangladesh’s challenging economic environment. He made the observation while delivering his closing remarks at the ICC Workshop on “Obtaining Import Financing in Foreign Currency–Challenges and Solutions,” jointly organised by International Chamber of Commerce (ICC)- ...

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 ...