BD Global Times
English edition

Business Desk, page 11

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

Secretary committee takes five key decisions to finalise ninth pay scale framework

A secretary committee meeting chaired by Cabinet Secretary Nasimul Gani has taken five key policy decisions to advance Bangladesh's ninth pay scale, which the government aims to make effective from 1 July. The committee…

Oil prices fall back to pre-Iran-war levels as Hormuz Strait shipping normalises

International oil prices have fallen back to roughly where they stood before the Iran war, as shipping through the Strait of Hormuz returns to normal and Middle East supply is expected to increase. Brent…

Two-year-old girl dies from electric shock while playing in Chuadanga

A two-year-old girl died after receiving an electric shock while playing in Gangnee upazila, Chuadanga, on Wednesday morning. The officer-in-charge of Gangnee police station confirmed the child came into contact with a live wire…

Bangladesh Bank raises maximum personal loan tenure from five to eight years

Bangladesh Bank has raised the maximum repayment period for personal loans and consumer-durables financing from five years to eight years, the central bank announced in a circular to all scheduled banks on Thursday. It…

SpaceX sheds over $600 billion in value in three days

SpaceX shares have fallen for three straight days after a strong market debut, wiping out more than $600 billion in market value, after the Elon Musk-led company announced it would sell investment-grade bonds for…

DSE turnover crosses 1,000 crore taka as indices fall

Bangladesh's stock markets ended Sunday lower, with the DSEX down 21 points at 5,639 and the CSE's CASPI down 104 at 15,354. Turnover on the Dhaka Stock Exchange still crossed 1,000 crore taka at…

Alibaba.com expands to Chattogram with new channel-partner office

Springfield Corporation, Alibaba.com's authorised channel partner in Bangladesh, has opened a new office in Chattogram to help local exporters, manufacturers and traders reach Alibaba's global B2B platform, which connects buyers and sellers in about…

Beximco Pharma faces possible delisting from London Stock Exchange

Beximco Pharmaceuticals, the only Bangladeshi company listed on the London Stock Exchange's AIM, faces possible delisting in early July after failing to publish audited financial statements for 2024-25, leaving its GDR trading suspended since…

Government launching online one-stop service for investors, commerce minister says

The government is building a central online 'one-stop window' to make licensing and approvals simpler and faster for investors, Commerce Minister Khondoker Abdul Muktadir said during a meeting with a Japan-Bangladesh Chamber of Commerce…

Jamaat’s Shafiqul Islam Masud warns government over Islami Bank

Jamaat-e-Islami leader Dr Shafiqul Islam Masud said the country’s economy would be at risk if the government failed to take the right decisions over Islami Bank, calling for a board made up of the…

Willful defaulted loans reach Tk 47,380 crore in banking sector

Willful defaulted loans in the banking sector stood at Tk 47,380 crore at the end of March, according to a recent central bank report, which also showed the sector posting a net loss of…

Bangladeshis’ deposits in Swiss banks rise sharply

Bangladeshis’ deposits in Swiss banks rose to an unprecedented degree last year, crossing Tk 12,500 crore — the second-highest on record — with more than Tk 3,600 crore deposited in 2025 alone, according to…

If customs harassment eases, business costs will fall

In a reaction to the proposed budget, an entrepreneur welcomes the cut in source tax on packaging materials but says importers face persistent customs harassment, and questions where the funds to implement a Tk…

Remark launches three-month ‘Double Lakhpati’ campaign for retailers

Skincare, homecare and cosmetics maker Remark HB Limited has launched a ‘Double Lakhpati’ campaign for retailers, in which those buying at least Tk 2,000 of products get a chance to win up to Tk…

Uttara Bank approves 30 percent dividend for 2025

Uttara Bank PLC has approved a 30 percent dividend for shareholders for 2025 — 25 percent as stock dividend or bonus shares and 5 percent as cash — at its 43rd annual general meeting.

Postal service to deliver Rajshahi silk quickly and safely

The Bangladesh Sericulture Development Board, the Silk Industry Owners’ Association and Bangladesh Post Office have agreed to work together to deliver the country’s traditional silk products to customers quickly, safely and efficiently.

Gold prices cut in the domestic market

The Bangladesh Jewellers’ Association has cut domestic gold prices, lowering the price of a bhori of 22-carat gold by Tk 4,374 to Tk 228,556, after two straight increases and one VAT adjustment.

Rice prices leave buyers uneasy despite government assurances

Buyers and sellers say rice prices have risen even as the government insists supply is normal and prices stable. While most goods in the capital’s markets have fallen since before Eid, rice, flour and…

Gold prices fall sharply on stronger dollar, hawkish Fed

Gold prices fell in the international market under the weight of a strong US dollar and the Federal Reserve’s hawkish stance on interest rates, with spot gold down 0.8 percent to $4,174.50 an ounce…

Bangladeshi deposits in Swiss banks climb to second-highest on record

Deposits held by Bangladeshi nationals and banks in Switzerland rose 41 percent from 2025, the Swiss National Bank's annual report showed Thursday, reaching 834.2 million Swiss francs.

DSE index rises, turnover hits 1,197 crore taka

Trading on the Dhaka Stock Exchange ended higher on the week's final session, with the benchmark DSEX up 39.76 points and turnover at 1,197 crore taka.

Government to focus on revenue by raising output, not tax rates

The government is prioritizing domestic resource mobilization by expanding production and industry rather than raising tax rates, the prime minister's finance and planning adviser said.

Bangladesh Bank eases rules on paying charter fees for ships

Bangladesh Bank has relaxed the rules for remitting foreign currency to pay charter fees on leased ships, allowing authorized dealer banks to send the payments abroad to strengthen the domestic shipping sector.

Bangladesh banking sector posts record Tk 1.37 trillion loss

The banking sector recorded a net loss of 1.36 lakh crore taka in 2025, its first sector-wide loss, after hidden defaulted loans surfaced, Bangladesh Bank's annual stability report showed.

South Korea keen to invest in Bangladesh's electronics sector

South Korea has expressed strong interest in investing in Bangladesh's electronics manufacturing and technology sectors, the ambassador said during a meeting in Dhaka on Wednesday.

Bangladesh's garment exports to EU fall 19% in first quarter

Bangladesh's apparel export earnings in the European Union fell 19.26% in the first three months of 2026 from a year earlier, according to EU statistics agency Eurostat.

Oil market will recover gradually after Hormuz reopens, IEA says

The global oil market will return to normal gradually after the reopening of the Strait of Hormuz but could swing into a significant surplus by 2027, the International Energy Agency said.

Unpaid loan interest to be treated as income after three years

A new income-tax provision treats deducted loan interest a company fails to pay within three years as taxable income, the finance minister said.

Bangladesh opens door to billion-dollar tech exports with chip tax breaks

Bangladesh has granted full tax benefits to its export-oriented semiconductor sector through 2031, opening a path to lift annual chip-design export earnings from $6 million to $1 billion within five years.

Sonargaon Textiles shares double in a month, trading halted

The share price of Dhaka-listed Sonargaon Textiles has more than doubled in a month with no specific cause, prompting the Dhaka Stock Exchange to halt trading on Monday.

Berger declares Tk 258 crore in dividends after profit rises

Multinational Berger Paints Bangladesh has declared a 525 percent cash dividend totaling about 258 crore taka after its annual profit rose to 377 crore taka, with foreign shareholders set to receive the bulk.

US ambassador, charmed by Rajshahi mangoes, urges export push

US Ambassador Brent T. Christensen visited Rajshahi's Baneshwar mango market, praised the fruit's freshness and stressed developing cold-chain infrastructure to boost exports.

Commerce ministry to be made more dynamic, minister says

Newly appointed Commerce Secretary Md. Ataur Rahman Khan joined the ministry, with Commerce Minister Khandaker Abdul Muktadir saying his experience would give the ministry fresh momentum.

Bangladesh wins six awards at China-South Asia Expo

Bangladesh won six awards across four categories at the 10th China-South Asia Expo in Kunming, China, including a top organizer prize for its Export Promotion Bureau.

ECNEC approves five projects

ECNEC approved five projects costing Tk 7,003.36 crore at a meeting chaired by Prime Minister Tarique Rahman, with Tk 4,536.10 crore from government funds.

Ashiqur Rahman named Bangladesh Bank executive director

Mohammad Ashiqur Rahman, director of Bangladesh Bank's Chattogram office, has been promoted to executive director and attached to the human resources department at the central bank's head office.

Revenue target may force aggressive tax collection, speakers tell AmCham budget forum

The proposed budget lacks clear revenue-collection guidance and its Tk 6 lakh crore target is unrealistic, speakers said at an American Chamber of Commerce in Bangladesh discussion.

27 ministries, divisions to spend extra Tk 56,000 crore

Allocations for 27 ministries, divisions and other bodies rose by Tk 56,118 crore in the revised budget for the current 2025-26 fiscal year, the finance minister told parliament.

Banking services will run uninterrupted: Islami Bank administrator

The newly appointed administrator of Islami Bank Bangladesh PLC said the lender's banking operations would continue normally and an independent board would be formed.

Islami Bank gets another Tk 2,500 crore in loans

Islami Bank has received another 2,500 crore taka in liquidity support from Bangladesh Bank, though not all of it has yet been used, the acting managing director said.

Fish-farm worker dies of electrocution in Mollahat

A fish-farm worker died after being electrocuted in Mollahat, Bagerhat, on Monday while fixing a water pump, police said.

From five hens to a thriving farm

Mobarak Hossain of Narsingdi turned five Silkie hens bought four years ago into a farm with 22 breeds of poultry, earning Tk 40,000 to Tk 50,000 a month, he said.

Islami Bank's top officials meet central bank governor

Top officials of Islami Bank met Bangladesh Bank Governor Mostakur Rahman on Sunday to brief him on the bank's current situation and business operations, a Bangladesh Bank spokesman said.

Kawsar Ahmed works in digital marketing and online branding

Kawsar Ahmed, who runs the firm MyAdsBD, works in digital marketing and online branding, helping businesses and personal brands reach customers through online platforms.

Budget neglects agriculture

The BNP government's proposed Tk 9.38 lakh crore budget for 2026-27 gives agriculture, food, fisheries and livestock just 3.2 percent of total spending, far too little for a sector tied to half the population,…

India objection stalls extra power import from Nepal

A plan to import an additional 20 megawatts of electricity from Nepal to Bangladesh has stalled after India cited transmission-line capacity limits, so Bangladesh will get only 40 megawatts from June 15.

Bangladesh Bank lends Tk 2,500 crore to Islami Bank to ease cash crunch

Bangladesh Bank has given Islami Bank a special loan of Tk 2,500 crore to ease a cash crunch, according to sources at the central bank and Islami Bank.

New roadmap to build a technology-driven economy

The government has named the ICT and telecom sector a thrust sector in the proposed 2026-27 budget, aiming to build a technology-driven economy.

Consumers and NBR to be under pressure all year

The National Board of Revenue has been set a target of Tk 6.04 lakh crore for the 2026-27 fiscal year, which experts say is unrealistic and will pressure consumers and the board alike.

Gold price rises by Tk 6,590 a bhori

The Bangladesh Jewellers Association has raised the price of gold again, setting one bhori of 22-carat gold at Tk 2,24,940 after an increase of Tk 6,590.

Government committed to deepening Bangladesh-China ties, commerce minister says

Commerce Minister Khandaker Abdul Muktadir said Bangladesh's new democratic government is committed to deepening bilateral ties with China, speaking at the inauguration of "Bangladesh Day" at the China-South Asia Expo in Kunming.

Gold prices fall again on international market

Gold prices fell on the international market on Friday amid inflationary pressure and fears of a possible interest rate hike by the U.S. Federal Reserve.

Islami Bank depositors will face no trouble, governor says

Bangladesh Bank Governor Mostakur Rahman said tools to be deployed within days will let Islami Bank depositors withdraw money at any time, denying any improper intervention in the lender.

TIN to be required for registering motorcycles above 150cc

The 2026-27 budget makes a Tax Identification Number (TIN) mandatory for registering motorcycles above 150cc, within a record Tk 9,38,000 crore budget that lifts development spending to 33.70% of the total.

Gallantry-award freedom fighters' allowance proposed to rise by Tk 5,000

Finance Minister Amir Khasru Mahmud Chowdhury proposed raising the allowance for families of gallantry-award freedom fighters by Tk 5,000 each — to Tk 40,000, Tk 30,000 and Tk 25,000 — while keeping the general…

Tk 7,515 crore proposed for Liberation War Affairs Ministry

The proposed 2026-27 budget allocates Tk 7,515.46 crore to the Ministry of Liberation War Affairs — Tk 6,529.29 crore operating and Tk 986.17 crore development — up from Tk 7,330 crore the previous year,…

Remittance to keep 2.5% incentive; 'Probashi Card' coming

Finance Minister Amir Khasru Mahmud Chowdhury announced a 'Probashi Card' for expatriate Bangladeshis and the retention of the 2.5% cash incentive on remittances — noting monthly remittance hit a record $3.75 billion.

Good news for the country's garment entrepreneurs

The source tax on cash incentives from export earnings may be cut from 10% to 5%, boosting cash flow to the garment sector — though the government will lose about Tk 500 crore —…

Tobacco to become more affordable; government to lose extra revenue, campaigners say

Anti-tobacco groups PROGGA and ATMA say the 2026-27 budget's tiny low-tier cigarette price rise and unchanged bidi/jorda rates will cut real prices — forgoing about Tk 44,000 crore in potential revenue and risking 400,000…

Budget 2026-27: Tk 1,062 crore proposed for Farmer Cards

The country's 55th budget proposes Tk 1,062.50 crore for Farmer Cards covering 42.5 lakh farmers, fish, livestock and salt producers across 100 upazilas — within a record Tk 9,38,000 crore budget with a Tk…