Business

Global investors got a harsh reminder of the risks around trade tariffs and US President Donald Trump’s deal-making on Saturday after he threatened fresh tariffs on his biggest trading partners in Europe and Mexico. Trump said in social media posts on Saturday he would impose a 30 percent tariff on imports from Mexico and the European Union starting on Aug ...

Exports of Bangladeshi Ready Made Garment (RMG) showed a healthy growth of 8.84 percent in the last fiscal year (FY25) fetching $39.35 billion despite global headwinds, reports BSS. According to the country-wise export data for Bangladesh for the last fiscal year (FY25) released by the Export Promotion Bureau (EPB), the European Union (EU) was a key market, accounting for 50.10% ...

A Biman Bangladesh Airlines flight, bound for Kathmandu, was halted moments before takeoff at Dhaka’s Hazrat Shahjalal International Airport on Friday following an anonymous bomb threat. The Boeing 737-800 aircraft, carrying 142 passengers and 7 crew, was taxiing on the runway when the airport authorities received a call at 4:26 pm warning of a possible bomb onboard, said airport Executive ...

The second day of the ongoing three-day Bangladesh-US tariff talks concluded on Thursday, with both sides showing progress on key issues while a few matters remain unresolved. The final round of discussions is scheduled to begin today at 9 am Washington DC time. During Thursday’s meeting, Bangladesh’s Commerce Adviser Sk. Bashir Uddin met with US Trade Representative Ambassador Jamieson Greer, ...

Within just eleven months under the interim government, Bangladesh’s foreign currency reserves have surged from under $20 billion in 2024 to over $31 billion by June 2025, marking a significant recovery in the country’s economic outlook. According to the latest data from Bangladesh Bank, gross foreign reserves reached $31.72 billion by July 2, 2025. Net reserves, measured under the IMF’s ...

The tariff rate, which the US has imposed on Bangladeshi goods, is not final yet, said Finance Adviser Dr Salehuddin Ahmed on Tuesday. “The final tariff will be fixed in the one-to-one negotiation with the United States Trade Representative (USTR). That’s why we will have our meeting with them (USTR). He expressed optimism about securing a better outcome in the ...

Bangladesh’s economy received a dual boost this month as inflation continued its downward trajectory and remittance inflows surged to historic levels, signaling potential relief for household budgets and broader economic stability. According to the latest data released on Monday by the Bangladesh Bureau of Statistics, the country’s general point-to-point inflation eased to 8.48 percent in June, down from 9.05 percent ...

Investment firm Azoria Partners said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange traded fund after Tesla CEO Elon Musk said he was forming a new US political party. Musk made the announcement a day after polling his followers on the X social media platform he owns, declaring, “Today the America Party is formed to ...

The National Board of Revenue (NBR), in partnership with the Finance Division, has introduced the ‘a-chalan’ system, enabling real-time, direct deposit of customs duties and taxes into the government treasury. This new digital platform allows importers, exporters, and C&F agents to pay taxes and duties related to import and export activities online, marking a significant step towards automation at the ...

Asian markets were mixed on Friday as investors treaded cautiously ahead of a looming July 9 tariff deadline set by US President Donald Trump. Despite record gains on Wall Street, sentiment across Asia remained restrained due to ongoing trade uncertainties. Japan’s Nikkei 225 fell 0.6% to 39,762.20, giving up earlier gains. South Korea’s KOSPI dropped 1.2% to 3,078.31, while Hong ...