Business

Bangladesh Bank on Sunday officially introduced a redesigned series of banknotes, notably excluding the portrait of Bangabandhu Sheikh Mujibur Rahman, a longstanding feature of the country’s currency. The move follows the recent political developments widely referred to as the “July Revolution.” The central bank began limited distribution of the new Tk 20, Tk 50, and Tk 1,000 notes from its ...

The Forum Panel, led by Mahmud Hasan Khan (Babu), secured a landslide victory in the biennial election of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), winning 31 out of 35 director posts, according to final results announced by the election commission. The election was held simultaneously on Saturday at two centres—Dhaka and Chattogram. Of the Forum’s 31 victories, 25 ...

The government has announced another round of fuel price adjustments, reducing the prices of diesel, petrol, and octane while increasing the price of kerosene. The new rates, effective from June 1, were published in a notification by the Ministry of Power, Energy, and Mineral Resources on Saturday. According to the latest pricing: diesel has been reduced by Tk 2, now ...

A daylong ‘Bangladesh-China Conference on Investment and Trade’ will be held on Sunday (June 1) at “Biniyog Bhaban” (Investment Building) in the city as part of efforts to attract foreign investment. Bangladesh Economic Zones Authority (BEZA) and Bangladesh Investment Development Authority (BIDA) are going to jointly organise the event, reports BSS. Chief Adviser Professor Muhammad Yunus is scheduled to inaugurate ...

Bangladesh Bank has directed all scheduled banks in the country to ensure a smooth flow of financial transactions during the upcoming Eid-ul-Azha holiday by maintaining sufficient funds in ATM booths. Additionally, several measures have been outlined to guarantee seamless operations for Point of Sale (POS), e-payment gateways, and Mobile Financial Services (MFS). The Payment Systems Department of Bangladesh Bank sent ...

The government has fleshed out its plans for reforming the UK pension industry, including the creation of £25bn “megafunds” which will be instructed to make a portion of their investments locally to help fuel economic growth. The chancellor said the overhaul, designed to follow the example of Australia and Canada’s huge pension investment funds, would also boost people’s pension pots. ...

Bangladesh Bank has undertaken the initiative to print a new series of banknotes across all denominations (Tk1,000, Tk500, Tk200, Tk100, Tk50, Tk20, Tk10, Tk5, and Tk2) under the theme “Historic and Archaeological structures of Bangladesh.” Banknotes of Tk1,000, Tk50, and Tk20 from this new series — signed by Governor Dr Ahsan H Mansur — will be introduced into circulation on ...

A US trade court on Wednesday blocked President Donald Trump’s tariffs from going into effect in a sweeping ruling that the president overstepped his authority by imposing across-the-board duties on imports from nations that sell more to the United States than they buy. The Court of International Trade said the US Constitution gives Congress exclusive authority to regulate commerce with ...

Chinese Ambassador to Bangladesh Yao Wen has said that exporting mangoes to China will not only help expand the bilateral trade volume but reflects the “mutually beneficial and win-win essence of economic cooperation”. Meanwhile, China has also expressed imports of raw animal hides from Bangladesh. “I wish the mangoes a smooth journey to the tables of Chinese consumers and look ...

Asian equity markets advanced on Wednesday, buoyed by a strong Wall Street performance following upbeat US consumer confidence data and a decline in bond yields. Investors also found relief in a delay to fresh US tariffs and signs of easing trade tensions. Markets rebounded after US President Donald Trump announced a postponement of the 50 percent tariffs he unexpectedly proposed ...