Business

Bangladesh’s gross foreign exchange reserves have risen to $30.25 billion, according to Bangladesh Bank, reflecting a slight improvement in the country’s external financial position. The central bank’s Executive Director and Spokesperson, Arif Hossain Khan, confirmed the figure on Sunday, with official data showing reserves at $30,248.11 million as of August 9—up from $30 billion on August 4 and $30.004 billion ...

The US gold futures market briefly touched an all-time high on Friday before retreating, following uncertainty over whether President Donald Trump’s latest tariff hikes would apply to certain gold bars. US customs authorities issued a July 31 letter, published online Friday, stating that gold bars of one kilogram and 100 ounces (2.8 kilos) should be classified as subject to tariffs. ...

Onion prices have surged by up to Tk 15 per kilogram—a 24 percent jump within a week—putting pressure on consumers. The price hike, typical during August, is driven by adverse weather, a halt in onion imports from India, and reduced supply from key producing regions. In Dhaka’s wholesale market at Karwanbazar, local onions are priced between Tk 70-75 per kg, ...

US President Donald Trump’s media group and Tesla, the electric vehicle giant led by Elon Musk, are part of a growing wave of companies amassing large reserves of bitcoin in a bid to diversify assets, hedge against inflation, and attract crypto-savvy investors. Once seen as a fringe investment, bitcoin has become a strategic financial tool for both tech firms and ...

Continued heavy monsoon rains across Bangladesh have caused significant disruptions in agricultural production and supply chains, leading to sharp increases in the prices of essential food items. Consumers, particularly those from low- and middle-income groups, are feeling the pinch as market prices rise steadily. In Dhaka’s key retail markets, staples including eggs, onions, cooking oil, green chilies, lentils, and various ...

Bangladesh has seen a sharp rise in remittance inflows at the start of August, with expatriates sending US$328 million in the first five days; an 81.6 percent increase compared to $181 million during the same period last year, according to data released by Bangladesh Bank. From July 1 to August 5 of the current fiscal year (FY2025-26), total remittances stood ...

India has strongly criticized US President Donald Trump’s decision to impose an additional 25% tariff on Indian goods, calling the move “unfair, unjustified and unreasonable.” In an official statement issued shortly after the announcement, Ministry of External Affairs (MEA) said the Indian government will take all necessary steps to protect its national interest. “We have already clarified that our energy ...

The government has approved the import of 25,000 metric tonnes of refined sugar from Turkey at a cost of Tk 175.98 crore. The approval came during a meeting of the Cabinet Committee on Government Purchase, held on Wednesday at Cabinet Division’s conference room. The meeting was chaired by Finance Adviser Dr. Salehuddin Ahmed. The sugar will be imported through an ...

Tesla has granted Elon Musk an interim pay package worth approximately $29 billion, signaling its determination to retain its high-profile CEO as the company navigates increasing pressure from shareholders, intensifying competition in artificial intelligence, and internal challenges. The electric vehicle maker announced Monday that it would award Musk 96 million Tesla shares as a “good faith” step while it continues ...

For the first time, a plane has landed at the newly constructed third terminal of Hazrat Shahjalal International Airport. The first aircraft to use Terminal 3 is a Boeing 787 Dreamliner of Biman Bangladesh Airlines. The Boeing 787 Dreamliner earned the distinction of being the first plane to land at Terminal 3 on Monday (August 4), using the Passenger Boarding ...