Business

Bangladesh Bank has directed all scheduled banks in the country to ensure a smooth flow of financial transactions during the upcoming Eid-ul-Azha holiday by maintaining sufficient funds in ATM booths. Additionally, several measures have been outlined to guarantee seamless operations for Point of Sale (POS), e-payment gateways, and Mobile Financial Services (MFS). The Payment Systems Department of Bangladesh Bank sent ...

The government has fleshed out its plans for reforming the UK pension industry, including the creation of £25bn “megafunds” which will be instructed to make a portion of their investments locally to help fuel economic growth. The chancellor said the overhaul, designed to follow the example of Australia and Canada’s huge pension investment funds, would also boost people’s pension pots. ...

Bangladesh Bank has undertaken the initiative to print a new series of banknotes across all denominations (Tk1,000, Tk500, Tk200, Tk100, Tk50, Tk20, Tk10, Tk5, and Tk2) under the theme “Historic and Archaeological structures of Bangladesh.” Banknotes of Tk1,000, Tk50, and Tk20 from this new series — signed by Governor Dr Ahsan H Mansur — will be introduced into circulation on ...

A US trade court on Wednesday blocked President Donald Trump’s tariffs from going into effect in a sweeping ruling that the president overstepped his authority by imposing across-the-board duties on imports from nations that sell more to the United States than they buy. The Court of International Trade said the US Constitution gives Congress exclusive authority to regulate commerce with ...

Chinese Ambassador to Bangladesh Yao Wen has said that exporting mangoes to China will not only help expand the bilateral trade volume but reflects the “mutually beneficial and win-win essence of economic cooperation”. Meanwhile, China has also expressed imports of raw animal hides from Bangladesh. “I wish the mangoes a smooth journey to the tables of Chinese consumers and look ...

Asian equity markets advanced on Wednesday, buoyed by a strong Wall Street performance following upbeat US consumer confidence data and a decline in bond yields. Investors also found relief in a delay to fresh US tariffs and signs of easing trade tensions. Markets rebounded after US President Donald Trump announced a postponement of the 50 percent tariffs he unexpectedly proposed ...

Japan has lost its long-held position as the world’s largest creditor nation for the first time in 34 years, falling behind Germany despite its net external assets reaching a record high, officials said Tuesday. According to Japan’s finance ministry, the country’s net external assets stood at 533.05 trillion yen ($3.7 trillion) at the end of 2024 — a 12.9 percent ...

Bangladesh Bank (BB) Governor Ahsan H. Mansur has announced plans to merge six financially distressed banks under temporary government ownership by July, citing widespread irregularities and loan scandals as the primary causes of their deterioration. In an interview with a private television channel, the Governor stated that the banks—First Security Islami Bank, Social Islami Bank, Union Bank, Global Islami Bank, ...

The Supreme Court is poised to rule on the cases of two former City traders jailed for rigging interest rates, amid concerns raised by senior politicians that there may have been a series of miscarriages of justice. If the traders are successful in their application – which is opposed by the Serious Fraud Office (SFO) – it could lead to ...

Commerce Adviser Sk Bashir Uddin on Sunday urged Maldivian entrepreneurs to invest more in Bangladesh. “Bangladesh is producing high-quality construction materials. Due to the production of plywood, pipes, tiles and high-quality glass, Bangladesh has now become one of the sources of these products. Maldives can use these products in its infrastructure construction,” he said, reports BSS. The adviser said this ...