Business

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 ...

Bangladesh’s foreign exchange reserves rose to $30.51 billion on Thursday, marking a significant improvement in the country’s external financial position, according to data from Bangladesh Bank. However, central bank officials noted that under the IMF’s Balance of Payments and International Investment Position Manual (BPM6), the reserves stand at $25.51 billion. Of this, the usable portion is calculated at $19.80 billion. ...

Most global stock markets fell Thursday while oil prices edged higher for a second consecutive day. Investors remained cautious amid fragile Iran-Israel ceasefire developments and fresh remarks from US President Donald Trump suggesting he is preparing to replace Federal Reserve Chair Jerome Powell, raising expectations for interest rate cuts. Market sentiment was also dampened by ongoing uncertainty around the US ...

The price of gold has been revised downward for the first time in weeks, following four consecutive hikes, according to the Bangladesh Jewellers Association (BAJUS). In a press release issued Tuesday night, BAJUS announced that the price of 22-carat gold has been reduced by Tk 1,668 per bhori (equivalent to 11.664 grams), bringing the new rate to Tk 172,860 per ...

Bangladesh’s foreign currency reserves have seen a significant rise, crossing $27 billion mark, driven by renewed remittance inflows and a recent disbursement from International Monetary Fund (IMF). According to the latest data from Bangladesh Bank, the country’s gross foreign exchange reserves currently stand at $27.30 billion, marking a notable increase from previous levels. When calculated under the Balance of Payments ...

Officially, Google Pay launched in Bangladesh, ushering in a new era of seamless digital transactions for consumers. City Bank customers will be able to add their Mastercard or Visa cards to Google Wallet to use the Google Pay payment mechanism. Ahsan H. Mansur, Governor of Bangladesh Bank, launched the services at a programme held at a hotel in the capital ...