BD Global Times
English edition

Business Desk, page 10

851 reports translated from the Bengali original, most recent first. বাংলা সংস্করণ

Previous IMF loan program was 'against public interest': finance minister

Finance and Planning Minister Amir Khasru Mahmud Chowdhury called the previous government's IMF loan program 'entirely against the public interest', saying a new program worth up to $4.5 billion over three years would fully…

Bangladesh led South Asia in FDI growth in 2025: UNCTAD

Bangladesh had the highest growth in foreign direct investment among South Asian countries in 2025, with inflows rising about 45 percent to US$1.78 billion, according to UNCTAD's World Investment Report 2026.

Banks propose new fees on 14 services

The Association of Bankers, Bangladesh has proposed charging fees on 14 currently free services and raising existing charges on many others, which if approved would significantly increase banking costs for depositors, businesses and borrowers.

State bank defaulted loans reach Tk 1.88 lakh crore

Defaulted loans at state-owned banks have risen to about Tk 188,701.75 crore, Finance Minister Amir Khasru Mahmud Chowdhury told parliament, outlining short-, medium- and long-term plans to restore discipline in the banking sector.

Pakistan to buy Bangladeshi jute, supply food products

Pakistan and Bangladesh are set to sign a memorandum of understanding to ease trade in rice, pulses, edible oil and jute, following a high-level meeting at Bangladesh's Industries Ministry, officials said.

Bangladesh Bank's one-time loan 'exit' facility yet to deliver in practice

A one-time 'exit' facility Bangladesh Bank introduced to cut defaulted loans and recover stuck funds is not yet benefiting businesses, with many private banks still undecided on accepting applications, waiving interest or settling loans,…

Poor nations spend more on debt than education, UNESCO warns

Low- and lower-middle-income countries now spend more on servicing debt than on education, UNESCO says, warning of a growing threat to the basic right to schooling - a squeeze also seen in Bangladesh's budget.

Pakistan's rapid population growth fueling a 'silent crisis,' experts warn

Pakistan's fast-growing population has become a serious threat to public health, the environment and the economy, experts warn, saying that without urgent action future generations could be deprived of clean air and safe water.

Ireland's parliament approves ban on goods from Israeli settlements

Ireland's parliament has approved a bill banning imports of goods produced in Israeli settlements in the occupied West Bank and East Jerusalem, the Times of Israel reported, in a largely symbolic but pointed trade…

Today's foreign exchange rates

Exchange rates of major foreign currencies against the Bangladeshi taka on July 11, 2026, according to Bangladesh Bank and commercial banks.

Cash incentive for textile exporters raised to 5 percent

The government has raised the cash assistance for export-oriented garment makers using domestic yarn and fabric from 1.5 percent to 5 percent, a move the textile sector had long demanded.

Airstrikes and a deal both failed - what are Trump's options on Iran?

President Donald Trump's two approaches to Iran - airstrikes and a June deal - have both collapsed amid renewed attacks near the Strait of Hormuz, and analysts say Washington is left with no clear…

Why Bangladesh is set to have South Asia's highest inflation

Bangladesh will have the highest average inflation in South Asia this fiscal year, at a projected 8.8 percent, the Asian Development Bank forecasts, citing energy-price adjustments and persistent food and service inflation.

Strait of Hormuz emerges as a new pressure point for the world economy

With Iran-US tensions rising, the Strait of Hormuz — the waterway through which much of the world’s crude oil and LNG passes — has become far more than a military flashpoint. Prolonged instability there…

Oil prices fall about 2 percent on global market

Oil prices fell about 2 percent on Thursday as fears of weaker global demand outweighed a persistent supply squeeze from the delayed reopening of the Strait of Hormuz. Brent settled at $76.30 and WTI…

Millers reap steep profits from farmers’ hard-grown paddy

Despite a bumper harvest, ample government stocks and a budget cut on rice duties, retail rice prices are not falling. A Jugantor investigation finds a millers’ syndicate roughly doubling the price from mill gate…

Is using "Haji" or "Alhaj" before one's name permissible in Islam? Scholars weigh in

Islamic scholars have addressed a common question about using the title "Haji" or "Alhaj" after performing Hajj, saying the true purpose of worship is seeking God's pleasure, not social recognition.

President gets special permission to withdraw Tk 2 million from merged Global Islami Bank

President Md. Sahabuddin has received special permission from Bangladesh Bank to withdraw funds beyond the limit set for depositors of five merged banks, citing medical needs.

Trade deficit hits $24 billion in 11 months

Bangladesh's trade deficit widened to $23.98 billion in the first 11 months of the last fiscal year, up 24.77% from the same period a year earlier, as export earnings fell while import costs rose,…

Today's foreign currency exchange rates

The Bangladeshi taka's exchange rate against major international currencies for July 8, 2026, with the US dollar at Tk 122.85, as analysts note the gap between open-market and official rates has narrowed.

Abdur Rahman Khan named next World Bank executive director

Recently departed NBR chairman Abdur Rahman Khan is set to become Bangladesh's next executive director at the World Bank, succeeding former ERD senior secretary Sharifa Khan.

US launches powerful airstrikes on Iran

The US began a series of military strikes on Iran in response to attacks on three commercial vessels in the Strait of Hormuz, with CENTCOM saying Iran must pay a "heavy price" for the…

Saudi Arabia offers unprecedented oil price cut for Asian buyers

Saudi Aramco cut its flagship Arab Light crude price for Asian buyers by $11 a barrel for August, the steepest cut in two decades, as normalizing traffic through the Strait of Hormuz and weak…

Chinese official sentenced to death for $325 million in bribes

A court in China's eastern city of Changzhou sentenced former official Yang Yulin, 69, to death for accepting bribes worth 2.2 billion yuan over three decades in Nanjing.

Free dengue testing at government hospitals through December 31

The health ministry has announced free NS1 testing for dengue at government hospitals nationwide through December 31. This year, 7,110 people have been infected with dengue and 19 have died.

Finance minister announces plan to recruit 100,000 health workers

Finance and Planning Minister Amir Khasru Mahmud Chowdhury announced plans to recruit 100,000 health workers nationwide, saying the government is working to narrow the gap between public and private healthcare standards.

Ninth pay scale to be scaled back amid fiscal pressure

The government is moving to trim its earlier ninth national pay scale recommendation amid revenue pressure, budget deficits, debt repayment obligations and high inflation, finance and public administration ministry sources say.

Global oil prices dip as OPEC+ plans further production increase

Global crude oil prices fell on Monday as OPEC+ announced plans to raise production targets from August and shipping through the Strait of Hormuz began to normalize. Brent crude fell 0.58% to $71.70 per…

Remittance surges 38.1% in first five days of July

Bangladesh received $567 million in remittances in the first five days of July 2026, a 38.1% increase over the $411 million received in the same period last year, according to Bangladesh Bank.

Gold prices fall sharply in Bangladesh market

The Bangladesh Jewellers Association has reduced the price of 22-karat gold by Tk 3,226 per bhori to Tk 2,25,290 including VAT, effective Monday morning. The year has seen 87 price adjustments so far —…

Bangladesh Bank allows loan-defaulting company to open import LCs

Bangladesh Bank has granted special permission to Abdul Monem Sugar Refinery Limited to open import letters of credit at 100% cash margin despite the company being a corporate guarantor of a defaulted loan. The…

Bangladesh inflation eases to 9.16% in June as food prices decline

Bangladesh's overall inflation rate fell to 9.16% in June from 9.42% in May, driven primarily by declining food prices, according to the latest data from the Bangladesh Bureau of Statistics.

Actress Poli seeks PM's intervention after alleging vote-buying in film union election

Bangladeshi actress Poli has accused the winners of the Bangladesh Film Artists' Association election of spending large sums of money to influence results, and has appealed to Prime Minister Tarique Rahman for justice.

Iran and Qatar resume maritime trade after 5-month suspension

Maritime trade between Iran and Qatar has resumed after a five-month suspension, with shipping restarting between Iran's Dayyer port and Qatar's Al-Ruwais port following coordination between the Iranian embassy in Doha and Qatari authorities.

Pakistan and Turkey agree on $5 billion bilateral trade target

Pakistan and Turkey pledged to raise bilateral trade to $5 billion and signed five defense-related agreements during a meeting between PM Shahbaz Sharif and President Erdogan in Istanbul on Saturday.

Bangladesh Bank reserve heist investigation report postponed for 96th time

A Dhaka court set August 9 as the new date for submission of the investigation report in the 2016 Bangladesh Bank reserve heist case, marking the 96th postponement.

Islami Bank launches 'Customer Service Month' campaign

Islami Bank Bangladesh PLC launched a 'Customer Service Month' campaign under the slogan 'Building tomorrow's Bangladesh through welfare-oriented banking,' with all branches participating.

Dhaka Stock Exchange welcomes BSEC decision on independent market regulation

The Dhaka Stock Exchange welcomed a landmark order by the Bangladesh Securities and Exchange Commission granting stock exchanges the authority to independently set and enforce market control parameters.

Bangladesh Bank gives four financial institutions three months to repay depositors

Bangladesh Bank has given four struggling financial institutions a three-month window to restructure and repay depositors under the Bank Resolution Act, 2025, warning of resolution proceedings if they fail.

Bangladesh cuts LPG cylinder price by 357 taka after Saudi price drop

The Bangladesh Energy Regulatory Commission reduced the price of a 12-kilogram LPG cylinder from 1,885 to 1,528 taka, effective Thursday evening, citing lower July Saudi contract prices from Aramco.

From waste to fuel: Bangladesh explores energy recovery from garbage

With population growth, rapid urbanization, and rising energy demand, Bangladesh is looking at waste-to-energy technology as a way to address both its mounting garbage crisis and its search for alternative fuel sources.

Husband and wife electrocuted while fishing in Pabna pond

A husband and wife died after being electrocuted while fishing in a pond in Kuchimora Uttarpara village, Ataikula, Pabna Sadar, when an overhead electric wire slipped from a bamboo support and fell into the…

Expatriate alleges brother embezzled over two crore taka of his savings

A South Africa returnee from Daganbhuiyan, Feni, has accused his brother of embezzling 2,17,98,079 taka that he sent home over 14 years of working abroad.

Trump earned over one billion dollars from cryptocurrency in first year as president

President Donald Trump reported more than one billion dollars in cryptocurrency-related earnings in his mandatory annual financial disclosure, with the 927-page document also revealing hundreds of millions in real estate income, legal settlement proceeds,…

Central banks plan to cut dollar reserves and buy gold, OMFIF survey finds

More central banks now plan to reduce their dollar reserves than to increase them for the first time since tracking began, according to a survey of 74 central banks by the London-based Official Monetary…

Banks closed for scheduled holiday on July 1

All scheduled banks in Bangladesh suspended customer transactions on Wednesday for the semi-annual bank holiday, though head offices remained open for administrative and accounting work.

Improving farmers’ livelihoods is the government’s goal: Deputy Speaker

The contribution of marginal farmers is vital to the country’s economy and food security, and the government is working tirelessly to ensure their welfare and fair prices for their produce, Deputy Speaker Barrister Kaiser…

PM urges Banglalink to make smartphones more affordable

Prime Minister Tarique Rahman has urged Banglalink to take steps to deliver affordable smartphones to customers. He made the call when Augie Fabela, chairman of Banglalink's parent company Veon, met him at the Prime…

Teesta Barrage master plan will be implemented at any cost, PM says

Prime Minister Tarique Rahman has said the Teesta Barrage master plan will be implemented at any cost, calling it a national priority. Speaking in parliament during the general discussion on the proposed 2026-27 budget,…

Gold prices cut again

The Bangladesh Jewellers Association (BAJUS) has set new gold prices in the domestic market, cutting the price of gold jewellery by up to Tk 3,266 per bhori, including VAT. The new prices took effect…

Private university taxes to be cut in budget

The 2026-27 budget proposes cutting the corporate tax rate on private universities and medical, dental, engineering and IT-based institutions from 10 percent to 5 percent. The National Board of Revenue says the tax break…

Tax-free income threshold to rise to Tk 4 lakh

The government is set to raise the tax-free income threshold for individual taxpayers from Tk 3,75,000 to Tk 4,00,000 to give ordinary people some relief amid prolonged inflationary pressure. The requirement to submit a…

Government drops 'package VAT' plan for small businesses

The government is stepping back from a much-discussed proposal to impose 'package VAT' at a fixed rate on small businesses. However, the requirement for a Business Identification Number (BIN) to open a current account,…

Ahsan Habib appointed new NBR chairman

Ahsan Habib has been appointed the new chairman of the National Board of Revenue (NBR). He previously served as an NBR member and director general of the Central Intelligence Cell (CIC). A notification issued…

Stocks surge as turnover hits Tk 1,371 crore

Both the index and turnover rose on the Dhaka Stock Exchange (DSE) on the first trading day of the week. On Sunday, shares and mutual fund units of 394 companies changed hands, with total…

12 Chinese firms propose $9.21 billion investment in Bangladesh

Twelve Chinese companies have proposed investments worth $9.21 billion in Bangladesh in the energy, infrastructure, logistics, manufacturing and education sectors, following meetings with Prime Minister Tarique Rahman during his recent visit to China. The…

Bangladesh Bank scraps CAMELS rating for forward-looking risk system

Bangladesh Bank is discontinuing the CAMELS rating system used to assess the financial health and capacity of the country's banks, a decision that took effect formally from January this year. It has introduced a…

ADP implementation falls to 16-year low

Implementation of the Annual Development Programme (ADP) in the first 11 months (July-May) of the current 2025-26 fiscal year has fallen to its lowest level in 16 years, with just 48.23 percent of the…

World Bank gives Bangladesh $1.1 billion

The World Bank is giving Bangladesh about $1.1 billion (about Tk 13,200 crore) in emergency support to ensure food security, protect livelihoods and tackle the impact of volatility in global fertiliser and energy markets.…

Student electrocuted and farmer killed by lightning in separate accidents in Chuadanga

A 16-year-old student died after an electrical fault caused the metal grill of a house to become live in Alamdanga upazila, Chuadanga, on Thursday afternoon. Separately, farmer Nazmul Hossain, 25, was killed by lightning…