Business

Commerce Adviser Sk Bashir Uddin has said that Trading Corporation of Bangladesh (TCB) would begin sale of commodities across the country from Wednesday (March 5). This programme is already underway in six districts, while 56 more districts will be added to this programme afresh. The Commerce Adviser said this while addressing before the Deputy Commissioners in a virtual meeting regarding ...

Regulated rail fares have gone up in England and Wales by 4.6% and the price of most railcards has risen by £5. The government says fares need to rise so it can invest in the rail system, but Transport Secretary Heidi Alexander acknowledged passengers were “frustrated” by delays and cancellations. Although the government plans to renationalise three rail operators this ...

With the holy month of Ramadan approaching, consumers in Bangladesh are facing contrasting market trends for essential commodities. While bottled soybean oil remains largely unavailable, leading to soaring loose oil prices, the price of dates has significantly dropped due to a surge in imports. Bottled Soybean Oil Crisis Persists Despite increased imports and stable global edible oil prices, consumers are ...

A Bangkok-bound flight of Biman Bangladesh Airlines returned to Dhaka airport after an hour take off due to problems related to reduced cabin pressure. The total number of passengers on the plane is yet to be known. The Biman BG-388 flight, operated by Boeing 737-800 model aircraft from Dhaka to Bangkok, returned from the skies of Myanmar on Friday afternoon. ...

The price of gold has been slightly reduced in the country’s market in the span of four days. The price of 22-carat gold, the highest quality (1 bhori = 11.664 grams), has been decreased by Tk 2,403, bringing it to Tk 150,967 per bhori. This price reduction followed the decline in the price of refined gold in the local market. ...

Non-performing loans (NPLs) in Bangladesh skyrocketed to Tk3.45 trillion by the end of December 2024, accounting for 20.2% of total bank loans, according to data released by Bangladesh Bank on Wednesday (February 26). This marks a staggering increase from Tk1.45 trillion at the end of 2023, reflecting deepening financial distress in the banking sector. Bangladesh Bank Governor Dr. Ahsan H. ...

Expatriate Bangladeshis sent close to $2 billion in remittances during the first 22 days of February in the fiscal year 2024-25, according to data from Bangladesh Bank (BB). The country received a total of $1.93 billion in remittances during this period. State-owned banks accounted for $831.36 million, while 43 private sector banks channeled $1.09 billion. Agrani Bank PLC led the ...

Renowned Banker Adnan Masud has recently joined United Commercial Bank PLC (UCB) as Additional Managing Director (AMD). With over two decades of experience in top-tier global banking institutions across multiple international markets like Malaysia, UAE, India, USA & Singapore, Adnan brings a wealth of expertise in corporate and investment banking, credit, transaction banking, financial institutions and institutional banking. Prior to ...

Masato Kanda officially assumed office as the 11th President of the Asian Development Bank (ADB) on Monday. With nearly four decades of experience in international finance and development policy, Kanda is widely recognised for his forward-thinking leadership and his decisive interventions during periods of market volatility. During his tenure as Japan’s Vice-Minister of Finance for International Affairs, he was instrumental ...

Aarong, the country’s most popular fashion and lifestyle brand, is proud to announce theofficial opening of its new outlet in Noakhali. Aarong, the country’s popular fashion and lifestyle brand, has launched a new outlet at 826 Napiter Pool on Main Road in Noakhali’s Maijdee for shoppers. It was launched on Saturday (February 22) and warmly welcomes shoppers in time for ...