Business

Bangladesh received a record-high US$30.32 billion in remittances during the 2024–25 fiscal year, marking a significant 26.8% year-on-year increase compared to the US$23.9 billion received in FY2023–24, according to Bangladesh Bank data. The inflow between July 2024 and June 2025 set a new benchmark as the highest annual remittance in the country’s history. The growth trend was bolstered by rising ...

Bangladesh Jewellers Association (BAJUS) has announced a hike in gold prices effective from July 2, marking the beginning of 2025–26 fiscal year.Bangladeshi cuisine recipes The price of 22-carat gold has increased by Tk 1,890 per bhori, bringing it to Tk 172,126 up from Tk 170,236. In a press release issued on Tuesday, BAJUS stated that the adjustment was made due ...

Liquidators for Malaysia’s sovereign wealth fund 1MDB have sued Standard Chartered Bank in Singapore alleging it enabled fraud that led to more than $2.7 billion in financial losses more than 10 years ago. Standard Chartered on Tuesday said that it emphatically rejected the claims. The move is the latest in a wide-ranging effort to recover money belonging to 1Malaysia Development ...

Jean Pesme assumed office on Monday (June 30) as the new World Bank Division Director for Bangladesh and Bhutan. He brings extensive development experience to the role, with a proven track record in fostering economic growth, enhancing financial system resilience and promoting inclusivity, according to a press release. A French national and an engineer by training, Pesme joined the World ...

Tomorrow (Tuesday) is bank holiday. And all types of transaction will remain closed. Share markets’ transaction will also closed on this day. But main branches of all banks and some important branches will remain open. According to Bangladesh Bank sources, every year July 1 is considered as the ‘half-year closing’ in the country’s banking sector. At this time, banks prepare ...

Bangladesh’s foreign exchange reserves have crossed $31 billion for the first time in 24 months, buoyed by fresh inflows from multiple international lenders. According to the Bangladesh Bank, the gross reserves stood at $31.31 billion as of June 29 — the highest since June 2023. Under the IMF’s Balance of Payments and International Investment Position Manual (BPM6) method, which excludes ...

The Group of Seven (G7) nations announced on Saturday that they have agreed to exempt US multinational corporations from a global minimum tax imposed by other countries—a major victory for President Donald Trump’s administration, which had lobbied strongly for the exception. According to a joint statement released by Canada, which currently holds the G7 presidency, the deal allows American companies ...

The government has confirmed major concessions to rebel Labour MPs over its planned changes to benefits. People currently receiving personal independence payment (Pip), or the health element of universal credit, will continue to do so. However, the planned cuts will still affect future claimants. What is Pip and how is it changing? Pip is paid to 3.7 million people who ...

The World Food Prize Foundation has recognised prominent Bangladeshi business leader and politician Abdul Awal Mintoo as one of its 2025 Top Agri-Food Pioneers (TAP), honouring his transformative contributions to agriculture and food security in Bangladesh and beyond. Mintoo, the chairman of Lal Teer Seed Limited, has played a pivotal role in reshaping the country’s agricultural sector. His company currently ...

A Singapore-bound Biman Bangladesh Airlines flight made an emergency landing in Dhaka on Friday morning following a technical glitch shortly after takeoff. All 154 passengers and seven crews were safe, officials of Hazrat Shahjalal International Airport (HSIA) said. The Boeing 737-800 aircraft, operating as flight BG 584, departed HSIA at 8:38 AM, and upon reaching an altitude of around 2,500 ...