Business

Bangladesh’s foreign exchange reserves have stood at US$30.87 billion. But, as per the International Monetary Fund (IMF) methodology under the Balance of Payments and International Investment Position Manual (BPM6), Bangladesh’s foreign exchange reserves stood at $25.87 billion, according to the latest data of the Bangladesh Bank (BB) released on Sunday.

Following the government’s decision to permit rice imports, a significant quantity of rice has begun entering Bangladesh through Hili land port in Dinajpur, after a nearly four-month pause. Within the past nine days alone, more than 14,500 metric tons of rice have arrived from India, easing market pressure and resulting in a price drop of Tk 2 to 3 per ...

The UK’s third-largest steelworks has been placed under government control, creating an uncertain future for nearly 1,500 workers in Rotherham and Sheffield. Insolvency courts granted a compulsory winding up order sought by creditors owed hundreds of millions of pounds by Speciality Steels UK (SSUK) – part of the Liberty Steel metals empire of controversial tycoon Sanjeev Gupta. The company, which ...

After a four-month pause, Bangladesh has resumed rice imports from India through Benapole Land Port. On Thursday night, nine trucks carrying a total of 315 metric tonnes (MTs) of rice entered yard No-31 of the port at around 9:30 pm, Shamim Hossain, director of Benapole Port, said on Friday. According to port sources, the last rice import through the port ...

Bangladesh received $1.64 billion in remittances from expatriate workers in the first 20 days of August, according to the latest data from Bangladesh Bank. This brings total remittances for the current fiscal year 2025–26 (July 1 to August 20) to $4.12 billion, marking a 19.6% increase compared to the same period last year, when $3.44 billion was sent. Remittances surged ...

UK government borrowing was lower than expected in July, following a rise in tax and National Insurance receipts. Borrowing – the difference between public spending and tax income – was £1.1bn in July, which was £2.3bn less than the same month last year, the Office for National Statistics (ONS) said. It was the lowest July figure for three years, the ...

Asian stock markets retreated on Wednesday, following a decline on Wall Street led by technology giants like Nvidia, which have benefited from the recent surge in artificial intelligence enthusiasm. Japan’s Nikkei 225 dropped 1.7% to 42,787.28 amid weakness in chip-related stocks. Exports from Japan fell slightly more than expected in July, pressured by higher U.S. tariffs. Key semiconductor equipment makers ...

Prices in the UK rose by 3.8% in the year to July, driven mainly by a jump in the price of air fares and food. That means inflation is at its highest level since January 2024 and still far above the Bank of England’s target of 2%. The cost of eating out, as well as food and non-alcoholic beverages more ...

The Malaysian government will hire 24.68 lakh foreign workers under its calling visa program, with applications open until December 31, 2025. The announcement was made on Tuesday, August 19, by Malaysia’s Home Minister, Datuk Seri Saifuddin Nasution Ismail, and widely reported across Malaysian media. Saifuddin said foreign workers will be recruited across 13 sub-sectors, including agriculture, plantations, and mining. Other ...

Asian markets showed minimal movement on Tuesday, following a muted session on Wall Street and renewed geopolitical attention as US President Donald Trump reported “very good” talks with Ukrainian and European leaders aimed at ending the three-year war in Ukraine. Markets were cautiously optimistic after Trump revealed he had spoken by phone with Russian President Vladimir Putin—just days after the ...