Business

The United States unveiled new port fees on Chinese built and operated ships Thursday, in a bid to boost the domestic shipbuilding industry and curb China’s dominance in the sector. The move — which stems from a probe launched under the prior administration — comes as the United States and China are locked in a major trade war over President ...

The International Monetary Fund (IMF) has expressed its satisfaction with Bangladesh’s recent macroeconomic performance, highlighting the country’s recovery and progress toward stability. During a press conference held at the Bangladesh Bank headquarters, IMF Mission Chief Chris Papageorgiou praised the efforts of the interim government, led by the chief adviser, financial adviser, and governor, for their role in steering the country’s ...

The Bangladesh government is planning to seek US assistance in repaying advance and interest payments on the loan for the Rooppur Nuclear Power Plant, as international sanctions on Russia’s banking system—particularly its exclusion from the SWIFT payment network—have made direct transactions nearly impossible. Financial Adviser Dr. Salehuddin Ahmed shared the information on Thursday following a meeting of the Cabinet Committee ...

The UK’s annual inflation rate eased more than anticipated in March, offering a boost to the Labour government amid global economic uncertainties. According to data released on Wednesday by the Office for National Statistics, the Consumer Prices Index (CPI) fell to 2.6% in March from 2.8% in February. Economists had forecast a more modest decline to 2.7%. The better-than-expected inflation ...

China’s economy expanded at a 5.4% annual pace in January-March, supported by strong exports ahead of U.S. President Donald Trump’s rapid increases in tariffs on Chinese exports, the government said Wednesday. Analysts are forecasting that the world’s second largest economy will slow significantly in coming months, however, as tariffs as high as 145% on U.S. imports from China take effect. ...

The government has increased the price of bottled soybean oil by Tk 14 per litre. As per the new pricing, the retail price of bottled soybean oil jumped to Tk 189 from Tk 175 per litre. Commerce Adviser SK Bashiruddin announced the decision after a meeting on the review of edible oil import, supply, and related issues at the Secretariat. ...

Chairman of National Board of Revenue (NBR) Md Abdur Rahman Khan has announced that the upcoming national budget will place strong emphasis on removing non-tariff barriers to support entrepreneurs and facilitate smoother business operations across Bangladesh. Speaking at a pre-budget meeting held at the Revenue Building conference room in Dhaka on Tuesday, the NBR chief said that creating a business-friendly ...

Bangladesh received US$1.05 billion in remittances during the first 12 days of April, according to the latest data released by Bangladesh Bank. This translates to a daily average of $87.69 million sent by expatriate Bangladeshis, reinforcing the continued significance of remittance as a key pillar of the country’s foreign currency reserves. However, the figure marks a slight decline from the ...

The price of bottled soybean oil has been increased by Tk 14 per liter by edible oil mill owners, raising the retail price from Tk 175 to Tk 189 per liter. The announcement came on Sunday through a press release issued by the Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association. The association stated that the new price has come ...

Bangladesh Investment Development Authority (BIDA) and Bangladesh Economic Zones Authority (BEZA) Executive Chairman, Chowdhury Ashik Mahmud Bin Harun, has announced that an initial investment proposal worth Tk 3,100 crore has been received following the recently concluded investment summit, noting that additional investment proposals are still in pipeline. He made this statement during a press conference held on Sunday at Foreign ...