BD Global Times
English edition

Business Desk, page 4

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

1.4 million farmers received agricultural loan waivers: finance minister

Finance Minister Amir Khasru Mahmud Chowdhury told parliament that 1,434,482 farmers who had taken loans of up to 10,000 taka have had their loans, with interest, waived since the current government took office.

Iran forms task force to counter economic war

Iran has formed an 'economic war' task force to address financial problems stemming from the ongoing conflict, semi-official news agency Tasnim reports.

German rocket reaches orbit, opening new chapter in Europe's history

German startup Isar Aerospace launched its first rocket into space Saturday from a site in Arctic Norway.

BPC warns private-sector fuel import, marketing carries serious risk

Bangladesh Petroleum Corporation has submitted a report warning the government against opening refined fuel oil imports and marketing to the private sector, ahead of a new policy.

The dua for removing anxiety and sadness

A hadith-based supplication in which the Prophet sought Allah's protection from anxiety about the future and grief over the past.

Bangladesh's biggest loan defaulters go unpunished as bad debt soars

As Bangladesh's non-performing loans balloon past 6 lakh crore taka, big defaulters keep getting policy relief while small borrowers face swift legal action, exposing a stark two-tier system.

Parliament panel recommends passage of Bank Resolution bill

The Finance Ministry's parliamentary standing committee has recommended passing the Bank Resolution (Amendment) Bill, 2026.

BGMEA pushes for garment workers to join universal pension scheme

BGMEA members and stakeholders discussed bringing garment workers under Bangladesh's universal pension scheme at a meeting in Dhaka.

European Union joins US sanctions program against Iran

The European Union has formally joined a U.S.-led economic pressure campaign against Iran, with Treasury Secretary Scott Bessent saying the effort will continue until Tehran's last financial link to the global system is severed.

From fuel to trade: jute sticks become an extra income source for farmers

Once discarded after the fiber was stripped, jute sticks are now bought and sold commercially across Faridpur for fuel, fencing, betel farming and even charcoal production.

Bangladesh Bank eases foreign payment rules for Hi-Tech Park firms

Companies operating in the country's hi-tech parks can now remit royalty, technical knowledge and technical assistance fees abroad without prior approval, within set limits.

Iran earns $1 billion from oil in 11 days despite conflict

Iran's foreign exchange reserves grew even as its war with the United States continued, according to the semi-official Fars news agency.

Bangladesh Bank to offer collateral-free loans up to 20 lakh taka for young entrepreneurs

The 'Uddog' program, launching first in 64 upazilas across eight districts, will fund half of each package as a bank loan and half as a grant for applicants under 28.

Garment exports earn $7.5 billion in first two months of fiscal year

Export earnings rose 5.12% year-on-year in July-August, with knitwear leading growth after a stronger August offset a weaker July, EPB data show.

Pay scale gazette to be published Sept. 6

Finance Secretary Dr Khairuzzaman Majumder says the Ninth National Pay Scale-2026 notification is set for release Sunday after the draft clears vetting.

Bangladesh Bank buys $50 million as dollar price falls, first purchase in 3 months

The central bank bought dollars from four commercial banks at 122.75 taka each, aiming to put a floor under the exchange rate after a supply-driven price slide.

Government to buy 445 crore taka of oil, lentils for TCB

The purchase of 20 million liters of palm olein and 10,000 metric tons of lentils will replenish stock for subsidized sales to 10 million low-income cardholder families.

Bangladesh Bank issues consolidated guidelines to ease foreign exchange transactions

The central bank consolidated its rules on foreign-currency loans, overdrafts and guarantees into a single one-year circular covering commercial credit, special economic zones and overseas borrowing.

Gold price falls 4,374 taka per bhori

The Bangladesh Jewellers Association cut prices for 22-karat gold, tracking a decline in the global market, effective from 10 a.m. Wednesday.

Government cancels contracts of 3 state bank managing directors

Agrani Bank's Md Anwarul Islam, BASIC Bank's Kamruzzaman Khan and Bangladesh Development Bank's Jashim Uddin will lose the remaining terms of their contractual appointments, per Finance Ministry notifications.

PM outlines LNG import plan to ease energy crisis within two years

Tareque Rahman told parliament a floating LNG terminal off Cox's Bazar could begin supply by December 2028, with additional terminals planned near Payra and Mongla ports.

Government raises bottled soybean oil price by 5 taka a liter

Commerce Secretary Md Ataur Rahman Khan cited rising international transport costs and Middle East tensions, setting the new price at 204 taka per liter.

Bangladesh's defaulted bank loans top 6 lakh crore taka again

Non-performing loans reached 606,555 crore taka by the end of June, or 32.78% of total disbursed credit, despite repeated relief measures for defaulters.

Chuadanga farmer draws attention with Bangladesh's first commercial vanilla crop

Humayun Kabir Faraji, 51, has spent four years cultivating the high-value spice in a climate-controlled greenhouse, hoping to reduce Bangladesh's reliance on imports.

LNG imports now cost more than double

Spot-market prices have more than doubled since the Middle East war began, with the government's LNG subsidy already 43% spent just weeks into the fiscal year.

Sonali Bank in trouble over loans to state sugar mills

With government guarantees expired and roughly 7,000 crore taka at risk of turning bad, Sonali Bank has repeatedly asked the finance ministry for bonds, a new guarantee, or repayment.

India wants to boost trade with Iran despite US sanctions

Modi told Pezeshkian in Bishkek that India wants to diversify trade with Iran even as Washington's 'Operation Economic Outcast' tightens pressure on Tehran's foreign partners.

Hormuz is now the main arena of war, economy and diplomacy

A South Asia Monitor analysis argues Iran long avoided fully closing the Strait of Hormuz because it would hurt its own economy — until the 2026 war changed that calculus.

Major tariff relief on green chili, tomato imports

The government cut import duty on the two staples from 25% to 10% and scrapped a 5% regulatory duty, effective immediately, to stabilize retail prices.

The opposition is parliament's true ornament

As the country's newest parliament sees genuine debate and walkouts for the first time in a decade and a half, the noise itself is a sign democracy is finally breathing.

Administration gives cash, food aid to murdered auto-driver's family

The victim's body was found bound hand and foot 24 hours after he went missing in Natore's Singra; his killers remain unidentified.

Men posing as DB police rob bank agent of Tk 1.2m in Noakhali

Five men in a private car forced the victim into their vehicle at gunpoint, robbed him and dumped him bound near Kabirhat before fleeing.

New pay structure approved, raises of 100-142%

The cabinet-approved structure will roll out basic salary first and allowances a year later, with lower-income grades gaining the most.

Cabinet approves 9th pay scale, to be rolled out in 3 phases

The new pay structure for government employees may take effect from July 1 of the current fiscal year, following a morning meeting between the PM and finance officials.

DCs, UNOs, OCs used to be bribed in past elections: health minister

Sardar Md Sakhawat Hossain told a Manikganj meeting that officials once took millions in bribes around elections and even from doctors' and nurses' transfers, but this year's vote saw none.

Cabinet committee meeting begins, ninth pay scale on agenda

Officials say salaries could rise under the new structure from October, with the July-September gap adjusted as arrears once the gazette is issued.

Tk 20 billion fund for frozen food exports: who qualifies

Bangladesh Bank's new three-year pre-financing fund offers loans at 7 percent to processors and exporters of frozen shrimp, fish and ready-to-cook food.

Government seeks five new sectors to diversify exports

With garments still accounting for 80-85% of export earnings, PM Tareque Rahman has ordered an action plan targeting IT, light engineering, agro-processing and leather.

Bounced check for Ram Temple: donor's account held just 3 rupees

A Chennai woman's 40-million-rupee check for staff welfare bounced after the trust declined her written assurance on how the money would be spent.

Bangladesh Bank profit rises to Tk 260 billion

Economists say the jump reflects distress in the banking sector rather than central-bank success, and warn against letting profit-seeking distort its core mandate.

New pay scale may go before cabinet tomorrow

A finance ministry official says the ninth pay commission's recommendations could raise basic salaries by up to 100 percent, rolled out in two phases.

Laldia terminal a milestone toward trillion-dollar economy: finance minister

Amir Khasru Mahmud Chowdhury said the APM Terminals-built Laldia facility will make Chattogram a genuine regional economic hub, not just Bangladesh's.

India, Uzbekistan sign long-term uranium agreement

Modi and Mirziyoyev also announced visa-free travel for Indians and discussed expanding trade, investment and urban development cooperation.

UNDP to deepen partnership with Bangladesh on investment, trade

Commerce Minister Khondaker Abdul Muktadir and UNDP's Stephen Rodriques discussed cutting logistics costs and boosting MSME capacity.

World Bank: Mideast crisis to cost 600,000 jobs, limit poverty relief to 500,000 this year

A World Bank assessment tied to Bangladesh's budget-support request says 1.2 million fewer people than forecast will escape poverty in 2026 because of the Iran war and its fallout.

Local government elections to be completed this fiscal year: Shahe Alam

The state minister made the pledge after paying tribute at the graves of Ziaur Rahman and Khaleda Zia with Bogura's newly formed Mokamtala upazila BNP leadership.

Rupali Bank holds Dhaka divisional business review meeting

Managing Director Kazi Md Wahidul Islam reviewed July's business progress at branches under Dhaka North and Dhaka South.

Laldia Container Terminal groundbreaking set for Sunday in Chattogram's Patenga

The Danish-backed, $550 million PPP project will expand Chattogram Port's container-handling capacity.

Agriculture modernization project shows 47% progress

The World Bank- and IFAD-funded PARTNER project is rolling out farmer cards, digital services and climate-resilient farming across 495 upazilas.

Flood-ravaged Nepal needs $5 billion to rebuild

Finance Minister Swarnim Wagle tells Reuters the estimate is preliminary, and could be lower than the $9 billion spent after the 2015 earthquake.

Iran hits oil revenue, budget targets despite war

The Petroleum Ministry has transferred $7.5 billion in oil earnings to the central bank, enough to cover expenses through January, Fars reports.

Big drop in gold price in domestic market, here's how much

BAJUS cut 22-karat gold by 7,109 taka per bhori to 240,636 taka, along with lower silver prices, effective Saturday morning.

$2.455 billion in remittances in first 26 days of August

Bangladesh Bank data shows inflows up 22.3% year-on-year, with expatriates sending $115 million on August 25 and 26 alone.

Don't chase money to succeed in law: law minister tells young lawyers

Md Asaduzzaman told UAP law graduates the Bar Council enrollment exam has no room for nepotism, even for officials' own children.

World oil prices keep falling on Hormuz reopening hopes

Iran has entered talks with Qatar to reopen the strait, setting conditions including the withdrawal of the US naval blockade and lifting of sanctions.

Commercial passion fruit cultivation takes root in Kushtia

Farmer Halim Ahmed Bacchu says the climate-resilient fruit costs little to grow and could yield about 1 million taka from a single bigha this season.

Asian markets rise ahead of Fed chair's closely watched speech

Investors hope Kevin Warsh's Jackson Hole address, his first as Fed chairman, will offer clarity on future rate decisions amid still-elevated inflation.

Police return 108 lost mobile phones to owners in Meherpur

SP Uttam Kumar Roy also returned 1.743 million taka recovered from fraud cases at a ceremony at the district police office.

Iran calls on Muslim nations to boost economic cooperation

President Masoud Pezeshkian told an Islamic unity conference in Tehran that only 19% of OIC member states' exports stay within the bloc.

Meherpur holds discussion on building cashless Bangladesh

Bank officials discussed how the Bangla QR system lets customers transact easily and without charges at a Jhenaidah upazila seminar.