Business

Commerce Adviser Sk Bashir Uddin has said that traders raised edible oil prices without notifying the government. ”They did not discuss the matter with the ministry.” Businessmen have raised the price of edible oil in the market without obtaining approval from the ministry, increasing the price of bottled soybean oil by Tk 9 per litre. Bashir Uddin said, “The government ...

Online retailers Shein and Temu are facing increased pressure in the US after two senior politicians pushed for investigations, including into claims of forced labour and intellectual property (IP) theft. In Texas, the state’s Attorney General Ken Paxton launched a probe into allegations of forced labour and the use of unsafe materials at Shein. At a national level, Senator Tom ...

Sammilita Islami Bank PLC; the new entity formed through the merger of five financially distressed Islamic banks, has received its final approval from Bangladesh Bank. The approval was granted on Sunday at a special board meeting chaired by Bangladesh Bank Governor Dr Ahsan H Mansur. The newly formed bank is expected to begin full-scale operations in the first week of ...

The government has raised fuel prices by Tk 2 per litre for Diesel, Octane and Kerosene, with the new rates coming into effect on Monday (December 1). In a statement issued on Sunday, Ministry of Power, Energy and Mineral Resources announced the revised prices: Diesel will now cost Tk104 per litre (up from Tk102), Octane Tk124 (up from Tk122), Petrol ...

Bangladesh Jewellers Association (BAJUS) has announced an increase in gold prices, pushing the price of high-quality 22-carat gold above Tk 2,10,000 per bhori. The price hike, ranging up to Tk 2,403 per bhori, will take effect from Sunday. According to BAJUS, the adjustment aligns local gold rates with the international market, where gold has surged above $4,200 per ounce. The ...

More than 20 lakh taxpayers have filed their income tax returns online, so far, in the current 2025-26 tax year, reflecting a strong and positive response to the National Board of Revenue’s (NBR’s) digital tax services. According to an NBR press release issued here today, the online e-return system, launched on August 4, 2025 by Finance Adviser Dr. Salehuddin Ahmed, ...

UK energy bill payers will hand over £2bn a year in subsidies to EDF, the French company building two nuclear power stations, according to government figures. EDF, owned by the French government, will be entitled to £1bn in annual payments as soon as Hinkley Point C, in Somerset, comes on to the grid in 2030. The sum is due under ...

For Europe, money is as crucial to Ukraine’s survival as weapons and intelligence. But the EU’s most realistic funding solution relies on accessing billions of dollars in frozen Russian assets — the same assets U.S. President Donald Trump has suggested taking control of. An early draft of Trump’s 28-point peace proposal envisioned a reconstruction fund for Ukraine managed by the ...

Bangladesh’s gross foreign exchange reserves surpassed $31.1 billion on Tuesday, buoyed by robust remittance inflows from overseas workers, according to an updated report released by Bangladesh Bank (BB). The central bank reported that remittances for the first 24 days of November totaled $2.34 billion, averaging around $97 million per day. This brings the cumulative remittances for the current fiscal year ...

Heathrow Airport’s plan for a third runway, which involves moving the M25 motorway, has been chosen by the government. Two plans had been under consideration – one from the airport itself, and another from Arora Group, led by hotel tycoon Surinder Arora. Heathrow had proposed a new runway which would be up to 3.5km (2.2 miles) long and require a ...