Business

Gold prices in the country have increased once again, with the price of 22-carat gold now set at Tk 2,02,195 per bhori (11.664 grams), marking a rise of Tk 1,469 from the previous rate. Bangladesh Jewellers Association (BAJUS) announced the new pricing in a press release issued on Tuesday night, stating that the revised rates will come into effect across ...

A company providing accommodation to asylum seekers has made nearly £187m in profits since being awarded lucrative government contracts, despite allegations of “terrible” conditions at the hotels it uses. Clearsprings Ready Homes is one of three companies with 10-year Home Office contracts to provide accommodation services for asylum seekers. The overall expected costs of these services have increased more than ...

Gold prices have surged past Tk 200,000 mark per bhori (11.664 grams) for the first time in history, following yet another hike within 24 hours. The Bangladesh Jewellers Association (BAJUS) announced on Monday night that the price of 22-carat gold has been increased by Tk 3,150 per bhori, effective from Tuesday (October 11). With the latest adjustment, the price of ...

International gold prices surpassed US$3,900 per troy ounce on the 3rd, with US$4,000 now in sight. On the same day, the three major indices of the New York Stock Exchange also closed at record highs and Bitcoin, a leading cryptocurrency, breached the US$125,000 mark—a record high—on the 5th. A so-called “Everything rally,” where both safe-haven and risk assets are rising ...

British Trade Envoy to Bangladesh Baroness Winterton of Doncaster DBE has arrived in Dhaka on a five-day official visit aimed at deepening the longstanding trade and investment relationship between the UK and Bangladesh. The Trade Envoy’s mission will reinforce the UK’s commitment to supporting Bangladesh’s long-term economic reform agenda and boosting two-way trade and investment for mutual prosperity, said the ...

Islami Bank Bangladesh PLC has regained control of its verified Facebook page around 4:00 pm on Friday (3 October), roughly 12 hours after it was compromised by hackers earlier in the day. Nazrul Islam, Head of Public Relations at Islami Bank, confirmed the recovery. “The page was hacked in the morning. After continuous communication with Facebook authorities, we were able ...

The official Facebook page of Islami Bank Bangladesh was compromised early Friday, with hackers posting a threatening message and altering the page’s profile and cover photos. The group behind the cyberattack, identifying itself as ‘Team MS 47OX’, claimed responsibility in a post published at 5:42 AM. In the message, the group warned that it was monitoring the bank’s activities and ...

The Asian Development Bank (ADB) has signed a $30 million sustainability-linked loan facility with Envoy Textiles Limited, marking its first such loan in Bangladesh. The agreement follows ADB’s earlier textile manufacturing project with Envoy in 2022. The financing will support the design and construction of a new automated, energy-efficient spinning unit at Envoy’s manufacturing plant in Jamirdia, Mymensingh, boosting the ...

Asian markets dipped and US futures fell on Wednesday amid growing fears of a government shutdown in Washington, overshadowing optimism over potential interest rate cuts by the Federal Reserve. Gold hovered just below record highs as investors sought safe havens. The political deadlock comes as Democrats and Republicans remain divided on a funding bill to keep the government open beyond ...

Bangladesh’s economy is projected to grow by 4.0% in fiscal year (FY) 2025, rising to 5.0% in FY2026, according to the Asian Development Outlook (ADO) September 2025 released today by the Asian Development Bank (ADB). While garment exports remain a key strength, the subdued growth outlook reflects muted domestic demand amid political transitions, recurrent flooding, industrial labor disputes, and persistently ...