Business

Biman Bangladesh Airlines has rescheduled its flights to Toronto, London and Rome, rerouting its operations to avoid Pakistani airspace due to the ongoing situation between Pakistan and India. The revised schedules will remain effective from May 9 to May 31, 2025, the national flag carrier said in an official announcement on Friday, reports BSS. The changes have been made as ...

Japanese electronics giant Panasonic said Friday it was targeting 10,000 job cuts worldwide as part of efforts to boost productivity among its workforce. The group said it planned to “thoroughly review operational efficiency… mainly in sales and indirect departments, and reevaluate the numbers of organisations and personnel actually needed”, reports AFP. “Through these measures, the company will optimise our personnel ...

US President Donald Trump said Thursday he hoped to meet “fantastic” EU chief Ursula von der Leyen, as a trade deal with Britain boosted hopes for other countries’ tariff negotiations, reports AFP. “She’s so fantastic. I hope we’re gonna meet,” Trump told reporters as he unveiled the US-UK trade agreement, his first deal with any country since he unleashed a ...

The Asian Development Bank (ADB) mobilized a record $8.7 billion in nonsovereign cofinancing in 2024, underlining the growing role of private sector engagement in advancing development across Asia and the Pacific. This milestone contributed to a total cofinancing amount of $14.9 billion for the year, complementing ADB’s own investment of $24.3 billion. The year 2024 saw a broad-based growth across ...

Bangladesh’s Purchasing Managers’ Index (PMI) reached 52.9 in April, signaling continued expansion across key sectors of the economy, though at a slower pace, according to data released by the Metropolitan Chamber of Commerce and Industry (MCCI) and Policy Exchange. The overall growth was driven by mixed sectoral performances. While manufacturing, construction, and services all posted slower rates of expansion, the ...

The UK and India have agreed a trade deal that will make it easier for UK firms to export whisky, cars and other products to India, and cut taxes on India’s clothing and footwear exports. The British government said the “landmark” agreement, which took three years to reach, did not include any change in immigration policy, including towards Indian students ...

Malaysia warned on May 7 that tensions between India and Pakistan could potentially disrupt rice imports to the heavily dependent South-east Asian nation, prompting it to look elsewhere for supplies. Tensions between the nuclear-armed neighbours have escalated with India launching strikes on Pakistan following April’s deadly attack on tourists in the Indian-administered side of the contested Kashmir region. Malaysian Agriculture ...

The Bangladesh Jewellers Association (BAJUS) on Monday raised the gold prices by Tk 2,310 per bhori, pushing the cost of 22-carat gold to Tk 171,286. The new rate is set to take effect from Tuesday. The decision was confirmed in a statement issued on Monday by Masudur Rahman, the chairman of the BAJUS Price Determination and Monitoring Committee. This adjustment ...

As Bangladesh’s economy evolves, a new class of local investors is stepping into the spotlight, playing a transformative role in driving growth, innovation and resilience across key sectors. With increased focus on domestic capital, experts and entrepreneurs are calling for greater involvement of local investors in shaping a sustainable economic future, highlighting the importance of security, stability and a conducive ...

The price of 12-kg liquefied petroleum gas (LPG) cylinder has been reduced by Tk 19—from Tk 1,450 to Tk 1,431 for the month of May. The new pricing was announced on Sunday, by the Bangladesh Energy Regulatory Commission (BERC), and will take effect from the evening. Prices for autogas, the LPG variant used in motor vehicles, have also been adjusted. ...