Business

Bangladesh Bank has relaxed the travel restrictions on employees of banks. Now, there is no legal bar for their visit to foreign countries. Bankers will now be able to go abroad for official and personal reasons without taking permission from the central bank, Bangladesh Bank said in a notice issued on Sunday (January 10). Earlier the central ban issued a ...

Bangladesh Poultry Association (BPA) has placed a set of proposals aiming to protect the country’s poultry industry. In the proposal, BPA suggested formation of a poultry board to ensure a proper system in poultry sector. It also suggested for formulating effective policies at the quickest possible time to stop monopolistic control of corporate organizations, said a BPA press release. The ...

Dr Debapriya Bhattacharya has said that value-added tax (VAT) has been increased ‘inconsiderately’. “We are astonished to see how inconsiderately the value-added tax was increased,” he said while delivering his introductory speech at a symposium titled ‘White Paper and Thereafter: Economic Management, Reforms, and National Budget’ at the Bangabandhu International Conference Centre (BICC) on Saturday. “We did not see any ...

The government has approved separate proposals for procuring one lakh metric tons of rice, two cargos of LNG, 70,000 MTs of fertilizer to meet the growing demand of the country. The decision came at a meeting of the government purchase committee at the Cabinet Division Conference Room at Bangladesh Secretariat on Thursday. Finance Adviser Dr Salehuddin Ahmed was in the ...

The UK economy grew for the first time in three months, driven in part by a boost in trade for pubs, restaurants and the construction industry. Official figures showed an expansion of 0.1% after the economy shrank in each of the two previous months. The return to growth will be a welcome sign for the government after recent turbulence in ...

The Bangladesh Jewelers Association (BAJUS) has announced an increase in gold prices, with the cost of 22-carat gold rising by Tk 1,155 per bhori to Tk 1,39,443. The revised rates will be effective starting Thursday, January 16, according to a press release issued on Wednesday. At the revised rates, 22-carat gold will cost Tk 1,39,443 per bhori (11.664 grams), while ...

US producer prices rose less than expected in December as higher costs for goods were partially offset by stable services prices, suggesting inflation remained on a downward trend after progress had stalled in recent months. The moderation in producer inflation reported by the Labour Department on Tuesday did not change the view that the Federal Reserve would not cut interest ...

Administrator of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Anwar Hossain has emphasised the need for fair pricing to make the industry more sustainable, mentioning that worker welfare is directly impacted by pricing policies. Speaking to a delegation from the Worker Rights Consortium (WRC) at the BGMEA complex on Monday, he pointed out that buyers’ offered prices do not ...

Artificial intelligence presents a “vast potential” for rejuvenating UK public services, Prime Minister Sir Keir Starmer said on Monday. In a speech setting out the government’s plans to use AI across the UK to boost growth and deliver services more efficiently, the Prime Minister said the government had a responsibility to make AI “work for working people”. The AI Opportunities ...

Expatriate Bangladeshis sent $736.61 million remittances during the first eleven days of January in the 2024-25 fiscal year, reports BSS. Of this, remittances through state-owned and specialised banks accounted for $226.78 million, while private banks received $507.33million, according to Bangladesh Bank (BB) data released on Sunday.