Business

Bangladesh Bank (BB) Governor Ahsan H Mansur has announced that the dollar rate will be determined by market forces. However, he believes that the rate to remain stable due to strong inflows from exports and remittances. Ahsan H Mansur made the announcement during a virtual briefing.

The International Monetary Fund (IMF) has finally agreed to disburse the next two tranches of its $4.7 billion loan package for Bangladesh, amounting to $1.3 billion, in June. The decision follows a series of meetings held in Washington between Bangladesh Bank Governor Dr Ahsan H Mansur and senior IMF officials, according to the central bank spokesperson. The funds had previously ...

The government has dissolved the National Board of Revenue (NBR), maintaining strict secrecy. The restructuring was enacted through an ordinance early Tuesday. Now, the NBR has split into two separate entities– the Revenue Policy Division and the Revenue Administration Division. The ordinance, approved by the Advisory Council on April 17, was formally issued on Tuesday—25 days after the initial approval. ...

Bangladesh Jewelers Association (Bajus) has reduced the price of gold by Tk 3137 per bhori from Tuesday. According to the new price, the price of a bhori of the good quality 22-carat gold will be Tk 167,623, which was sold at Tk1,70,761 per bhori on Monday. The Bajus notification stated that the price of pure gold (acid gold) has decreased ...

Bangladesh recorded a 13.3% year-on-year increase in remittance inflows during the first 11 days of May, with $922 million sent by expatriates, according to the latest data from Bangladesh Bank (BB). This compares to $814 million received during the same period last year. So far in the current fiscal year (July 2024 to May 11, 2025), total remittances stand at ...

Commerce Adviser Sk Bashir Uddin has said Bangladesh is now a unique example of growth and development in the world, reports UNB. “With extensive socio-economic development, the country now aspires to become an upper middle income country by 2031,” the adviser saud, while speaking at a programme organised on the occasion of “Bangladesh Day” of World Expo 2025 in Japan’s ...

Oil giant Saudi Aramco on Sunday reported a drop of 4.6 in its first-quarter net profits as lower sales and higher operating costs hit the lynchpin of the kingdom’s ambitious economic reform plans, Profits fell due to “lower revenue and other income related to sales as well as higher operating costs,” read a statement published by the Saudi stock exchange. ...

The price of gold has been reduced in the domestic market. The price of the highest quality gold of 22-carat has been lowered by Tk 1050per bhori, bringing the new price to Tk 1,70,761. Bangladesh Jewelers Association (Bajus) informed this through a notification which stated that the price of pure gold (acid gold) has decreased in the local market. As ...

Progressive Knit Alliance, a panel led by Mohammad Hatem, won all 35 directorial posts in the biennial election of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) held on Saturday. As the panel leader, Hatem is set to become the president of BKMEA’s new executive committee. Only one panel fielded candidates for all 35 directorial positions, while three other individuals ...

Bangladesh and Japan today decided to take all effective steps to implement the Economic Partnership Agreement (EPA) expeditiously. The discussion was held when Commerce, Textiles and Jute, and Civil Aviation and Tourism adviser SK Bashir Uddin, held a bilateral meeting with Vice Minister of Japan’s Ministry of Economy, Trade and Industry (METI) Ogushi Masaki at the Japan Pavilion of the ...