Business

The government is facing a bigger-than-expected hole in the public finances as it prepares for next month’s Budget. A downgrade to the UK’s productivity performance from the government’s official forecaster could lead to the chancellor facing a £20bn gap in meeting her tax and spending rules, the BBC understands. Rachel Reeves has confirmed both tax rises and spending cuts are ...

After a 22-day government-imposed fishing ban, hilsa (ilish) has returned to Khulna’s markets, though supplies are limited and prices remain elevated. The ban, aimed at protecting mother hilsa and ensuring sustainable production, ended on October 25, allowing fishermen to resume their work. Following this, modest quantities of hilsa began reaching wholesale markets, including Rupsa, Moylapota, Nirala, New Market, Khalishpur Chitrali, ...

Country Director of the Asian Development Bank (ADB) for Bangladesh Hoe Yun Jeong has said that the Manila-based lending agency wants to scale up further its investment against different projects in Bangladesh in the coming years and thus benefit more people. “Our aim is ‘crystal clear’. We want to scale up our investments in projects here and also replicate success ...

The first-ever consignment of wheat from the United States, totaling about 56,959 metric tonnes (MTs), has arrived at Chittagong Port. According to a press release from Ministry of Food issued on Saturday, the shipment arrived on Friday aboard the vessel MV NORSE STRIDE under a government-to-government (G2G) agreement signed between Bangladesh and the United States. Under the Memorandum of Understanding ...

After two straight days of decline, gold prices rebounded by more than 1% on Thursday as investors sought safe-haven assets amid renewed geopolitical tensions. Traders also remained cautious ahead of key U.S. inflation data due on Friday. At 9:21 AM New York time, spot gold was up 1.2% at $4,043.80 per ounce. In the previous session, it had fallen to ...

Afua Kyei, the Bank of England’s chief financial officer, has been named the UK’s most influential black person. The 43-year-old is one of the UK’s most senior finance leaders, in charge of the financial governance of the Bank’s £1 trillion balance sheet and funding reforms. The BoE executive director topped the 2026 Powerlist, which recognises the most powerful people of ...

Gold prices fell again Wednesday while major stock markets around the world mostly declined, weighed down by disappointing corporate earnings and renewed concerns over global trade tensions. In the United States, all three main indices finished lower, with the Dow Jones Industrial Average retreating 0.7 percent to 45,590.41 after hitting a record high the previous day. The S&P 500 fell ...

After two straight days of decline, gold prices rebounded by more than 1% on Thursday as investors sought safe-haven assets amid renewed geopolitical tensions. Traders also remained cautious ahead of key U.S. inflation data due on Friday. At 9:21 AM New York time, spot gold was up 1.2% at $4,043.80 per ounce. In the previous session, it had fallen to ...

After eight straight increases, gold prices have seen their steepest single-day drop of the year, with the price of 22-carat gold falling by more than Tk 8,000 per bhori. In a press release issued Wednesday night, Bangladesh Jewellers Association (BAJUS) announced that the price of 22-carat gold has been slashed by Tk 8,386 per bhori (11.664 grams), bringing the new ...

Dhaka Customs House will remain operational on Friday and Saturday to ease cargo congestion following the recent fire at Dhaka’s Hazrat Shahjalal International Airport. The decision aims to maintain the smooth flow of import, export and business activities during this transitional period. An official order issued on Wednesday confirmed that all customs assessment teams; including the Air Freight Unit and ...