BD Global Times
English edition

Business Desk, page 13

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

Commerce minister urges deeper Bangladesh-China textile partnership

Commerce, Industry and Textiles Minister Khandaker Abdul Muktadir on Thursday said Chinese investment, technology and innovation are vital to making Bangladesh's textile and garment industry more sustainable, eco-friendly and technology-driven.

Commerce minister calls for stronger partnership in technology-driven textiles

Chinese investment, technology and innovation are vital to making Bangladesh's textile and garment industry more sustainable and technology-driven, Commerce, Industries and Textiles and Jute Minister Khondaker Abdul Muktadir said at a Bangladesh-China green textile…

Remittances jump 37.5% in first 13 days of May

Bangladesh received $1.74 billion in remittances during the first 13 days of May, up 37.5% from $1.27 billion in the same period a year earlier, central bank data showed Thursday.

Air India suspends Mumbai-Dhaka direct flights amid fuel crunch

Air India will cancel about 400 international flights a month from June through August, including a temporary suspension of direct Mumbai-Dhaka service, as Middle East conflict drives up jet fuel prices, the carrier said…

Rural Bangladesh faces farm-labor crisis as workers stream into cities

A growing exodus from villages to Dhaka and other cities has left fields short of hands at the height of the boro rice harvest, with farmers paying up to Tk 1,500 a day and…

We have received loans worth Tk 30 crore": Minister for Information

Information Minister Jahid Hossain Spon has said, "We are bearing the burden of a Tk 30 lakh crore loan debt. The flawed economic policies of the previous Awami League government are being borne by…

Bangladesh Bank shuts down 5 financial institutions

Bangladesh Bank's Board of Directors has given preliminary approval for the closure or winding up of five non-bank financial institutions (NBFIs) in the country. The process of closing or winding up these institutions will…

Soaring prices force consumers to cut back on sacrifice animals

The government has set new prices for the skinning of sacrificial animals in view of the upcoming Eid-ul-Azha. In the decision made this time, salt beef skin has been priced at Tk 2 per…

ECNEC approves nine projects worth 36,696 crore taka

The Executive Committee of the National Economic Council approved nine development projects worth about 36,695.72 crore taka on Wednesday with Prime Minister Tarique Rahman in the chair.

Market under the control of brokers and touts; opposition party leaders allege.

Opposition leader and Jamaat-e-Islami Amir Dr. Shafiqur Rahman said that the country's market instability is due to the influence of middlemen and hoarders. On Tuesday (May 12) morning, after inspecting the Shah Ali Paikari…

Bangladesh pressing Turkey to invest in infrastructure projects

Turkish Investors' Interest in Bangladesh is Growing. Many Turkish investors have been visiting Bangladesh to explore investment opportunities and gain insights into the local market. This information was shared in a statement sent out…

Government seeks tea sector's democratization: Finance Minister

Bangladesh's Finance Minister Amir Khasru Mahmud Chowdhury has stated that the government is emphasizing the concept of "democratization of the economy" to involve communities outside the country's mainstream economy in economic activities. He made…

11 banks book profits using deferral relief, eight still report losses

Bangladesh Bank granted 2.63 trillion taka in deferral relief to 19 banks for provisioning shortfalls last year, allowing 11 to show profits while eight still posted big losses, an analysis of 2025 financial reports…

Oil prices rise again in global market

Oil prices in the world market have risen again after U.S. President Donald Trump rejected Tehran's response to Washington's proposal for a ceasefire. On Thursday, the price of Brent crude rose by 3.17 percent…

Islami Bank customers united in Rajshahi to claim four demands

"We can't withdraw our deposited money, profits have also stopped for two years. We are being forced to borrow money to run our households." Angry customers of the unified Islami Banks expressed their frustration…

Depositors withdraw funds as S. Alam Group eyes return to Bangladesh banks

News that the Chattogram-based S. Alam Group could regain ownership of Bangladeshi banks under a new resolution ordinance has alarmed depositors, many of whom are pulling out savings from affected banks burdened by record…

TBC starts special Eid sales from Monday ahead of Eid-ul-Azha

The sale of TCP goods through mobile trucks will start from Monday in anticipation of Eid-ul-Azha. Minister of Commerce Khondker Abdul Muktadir will inaugurate the program in the Agargaon area on Monday. This information…

Bangladesh Bank issues 10 guidelines to detect fake Notes in sacrifice markets

Ahead of the upcoming Eid-ul-Azha, the Bangladesh Bank has issued new guidelines to curb the spread of counterfeit notes in the country's livestock markets. The central bank has provided ten directives to the branch…

Farmer electrocuted while connecting paddy thresher in Gaibandha

A 40-year-old farmer was electrocuted while connecting a paddy threshing machine to a power source in Sadullapur upazila of Gaibandha on Sunday morning, local authorities said.

DAP fertilizer plant resumes production after 18-day ammonia shortage

DAP Fertilizer Co. restarted production at its Anwara plant in Chattogram on May 9 after an 18-day shutdown caused by an ammonia shortage, the company’s managing director said.

Bangladesh industry leaders urge innovation, joint action on energy crisis

With domestic gas output falling by 100 mmcf a year, business leaders and economists called for greater use of LNG, solar power and energy-efficient technology to sustain industry.

Oil, banks, defense firms post record profits as Iran war shakes markets

Multinational firms in energy, banking and defense booked record first-quarter earnings as fighting between Iran, the United States and Israel disrupted global supply chains.

Dhaka kitchen market prices rise again, with vegetables and cardamom up sharply

Most vegetables in Dhaka are now selling for more than 60 taka per kilogram, and the price of cardamom has jumped by up to 400 taka, traders said Friday.

Saudi Arabia posts largest budget deficit since 2018 as Hormuz shutdown hits

Saudi Arabia recorded a 125.7 billion riyal (about $33.5 billion) budget deficit in the first quarter of 2026, its largest since 2018, the finance ministry said.

Pay commission proposes doubling pensions, boosting Boishakhi allowance

DHAKA — The National Pay Commission has recommended doubling monthly pensions for government retirees who earn less than 20,000 taka a month and raising the Boishakhi allowance to 50 percent of basic pay, officials…

Bangladesh to build first PPP solar plant on government land in Feni

Bangladesh will build its first public-private partnership solar power plant on government land in Feni, the country's economic zones authority said Thursday, signing a memorandum of understanding with the state-run power utility to launch…

Bangladesh extends shop hours to 10 p.m. through Eid ul-Adha

DHAKA — Shops and shopping malls in Bangladesh will stay open until 10 p.m. instead of 7 p.m. from May 12 through Eid ul-Adha, the country's shop owners' association said Thursday.

Switzerland warns of power risk as Iran war disrupts gas supply

Switzerland's Federal Electricity Commission warned that the ongoing U.S.-Israel war with Iran has created uncertainty over gas supplies for the coming winter and could threaten the stability of power supplies across Europe.

Bangladesh raises gold price; 22-carat bhori now Tk 244,711

DHAKA — Bangladesh’s gold price has risen again, with the price of a bhori of 22-carat gold raised by Tk 2,216 to Tk 244,711, the Bangladesh Jewellers Association said.

Crude oil prices rise as Iran-US edge toward peace deal

Crude oil prices climbed on global markets Thursday on reports that Iran and the United States are close to a preliminary peace agreement, with U.S. crude futures up about $1 a barrel in early…

Bangladesh regulator orders Vanguard Asset Management to refund fund

The Bangladesh Securities and Exchange Commission has ordered Vanguard Asset Management to return funds to a mutual fund within 30 days for two investments made in violation of securities laws, or face fines.

Dhaka stocks fall as most shares decline

The Dhaka Stock Exchange closed lower as 216 of 391 companies that traded saw share prices fall, with the benchmark DSEX index dropping 18.86 points to 5,248.37.

Crude oil tanker reaches Chattogram, Eastern Refinery to resume full output

After weeks of uncertainty, a tanker carrying 100,000 tonnes of crude oil arrived at Chattogram port Wednesday, clearing the way for Eastern Refinery Ltd. to resume full production.

Bangladesh power board seeks 17-21% wholesale tariff hike

The Bangladesh Power Development Board has formally asked the regulator to raise wholesale electricity tariffs by 17% to 21% to cut the government's mounting subsidy bill.

Bangladesh inflation rises to 9.04% in April on food, housing costs

DHAKA — Bangladesh's headline inflation rose to 9.04% in April from 8.71% in March as food and non-food prices climbed, the Bangladesh Bureau of Statistics said Wednesday.

Pay commission proposes near-doubling of government salaries

DHAKA — A 23-member pay commission led by former finance secretary Zakir Ahmed Khan has recommended that the lowest government basic salary more than double from 8,250 taka to 20,000 taka and the highest…

Auto-rickshaw driver dies fixing dish cable after wife is shocked in Cumilla

A 32-year-old auto-rickshaw driver in Cumilla's Chouddagram died of electrocution while trying to repair a TV dish cable that had moments earlier injured his wife.

Chattogram salt factories work overtime as Eid ul-Adha demand surges

Salt is essential for preserving animal hides, so demand spikes sharply before Eid ul-Adha. Workers at salt factories along Chattogram's Anu Majhi Ghat are putting in long hours to meet the seasonal rush.

Bangladesh adds Tk 35,000 crore to budget for new public pay scale

Bangladesh plans to roll out a new public-sector pay scale in three phases starting fiscal year 2026-27, adding about 35,000 crore taka ($2.9 billion) to the upcoming budget to fund the first stage, finance…

Bangladesh civil servants press for ninth pay scale ahead of budget

A welfare body for Bangladesh’s 22 lakh civil servants will hold rallies across the country in May to push the government to issue a gazette on the ninth pay scale, which the finance ministry…

Why oil prices may fall after the UAE leaves OPEC

The United Arab Emirates' decision to leave OPEC is likely to increase global oil supply and may lead to lower prices, as the UAE plans to set its own production levels from May 1.

OPEC fund announces $1.5 billion aid for war-affected countries

The OPEC Fund for International Development announced a $1.5 billion aid package for developing countries to help them cope with the energy and trade crisis caused by the Iran war.

Customers rally to demand return of laundered Islami Bank funds

Customers and shareholders of Islami Bank held a human chain in Dhaka on Wednesday demanding the return of money laundered from the bank and the repeal of a new banking law.

Family Card scheme will not strain budget, Prime Minister Tarique Rahman says

Prime Minister Tarique Rahman told Parliament on Wednesday that the government's Family Card scheme will not put pressure on the national budget and will instead help reduce inflation.

Iran continues oil exports despite U.S. naval blockade

TEHRAN — Iran has loaded about 4.6 million barrels of crude oil at its export terminals, the maritime analytics firm TankerTrackers reported, indicating exports are continuing despite a U.S. naval blockade.

Power bills at Saidpur Bihari camps run up Tk 660 million in arrears

Years of unpaid electricity bills at Bihari camps in Saidpur, Nilphamari, have piled up to about 66 crore taka, leaving the Northern Electricity Supply Company struggling to collect.

Tea seller dies of electrocution while repairing blender in Gaibandha

A tea seller in Saghata upazila of Gaibandha died of electric shock while trying to repair a blender at home, police said.

ECNEC approves 14 projects worth Tk 13,445 crore

DHAKA — The Executive Committee of the National Economic Council approved 14 projects worth a total of 13,445 crore taka and ordered an inquiry into repeated extensions of road sector projects.

Bus fares raised by 11 paisa per kilometer

The Bangladesh government raised bus fares by 11 paisa per kilometer Thursday after a fuel price hike, with new fares taking effect immediately, the road transport and bridges minister said.

Prime minister announces 10-member committee to address energy crisis

DHAKA — Prime Minister Tarique Rahman on Thursday announced the formation of a 10-member joint committee of the ruling and opposition parties to recommend solutions to the country's ongoing energy crisis.

Chattogram port will not be handed to foreign operators, minister tells parliament

The government has no plan to hand over the Chattogram port to any foreign operator, Shipping Minister Sheikh Rabiul Alam told parliament on Wednesday, although foreign operators may run individual terminals.

Oil prices fall on renewed US-Iran talks

International crude oil prices fell Tuesday on the prospect that peace talks between Iran and the United States could resume, raising hopes for greater supply from the Middle East.

Bangladesh's foreign debt stands at $78 billion, finance minister tells parliament

Finance Minister Amir Khasru Mahmud Chowdhury told parliament Tuesday that Bangladesh has paid off $90.66 million in foreign debt since the current government took office.

Power plant arrears reach 52,300 crore taka, energy minister says

Outstanding bills owed to public and private power plants in Bangladesh have reached 52,300 crore taka, Energy Minister Iqbal Hasan Mahmud told parliament Sunday.

Remittances hit $1.97 billion in first 18 days of April

Bangladesh received about $1.97 billion in remittances during the first 18 days of April, with daily inflows averaging $109 million, the central bank said Sunday.

Government to abolish BIDA, BEPZA, BEZA and three other investment agencies

Bangladesh will dissolve six government agencies including BIDA, BEPZA and BEZA and merge them into a single new body called the Investment Development Authority, officials said.

LPG cylinders sell for 400-500 taka above set price in Chougachha

Traders in Jashore's Chougachha upazila are selling 12-kg LPG cylinders at up to 2,200 taka, well above the government-set rate, prompting consumer complaints.

Bangladesh's only state-run oil refinery shuts amid crude shortage

Eastern Refinery has halted operations because of a crude shortage tied to the Iran-US war, though officials say fuel supplies remain stable.

Iran oil exports surge despite U.S. naval blockade, undermining Washington's plan

Iran's oil exports have climbed sharply despite a U.S. naval blockade, with Tehran using a vast 'ghost fleet' of tankers to ship crude to China and other markets, maritime trackers say.

Furnace oil price raised by 24.59 taka per liter

DHAKA — The Bangladesh Energy Regulatory Commission has raised the consumer price of furnace oil by 24.59 taka per liter, effective from midnight Sunday.