BD Global Times
English edition

Business Desk, page 6

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

Iraq seeks special treatment from Iran over Hormuz Strait

Iraqi parliament Speaker Haibat al-Halbousi has called on Iran to give Iraq special consideration for oil exports through the strategically vital Strait of Hormuz, citing the economic toll of recent regional tensions.

Iran earns $7.5 billion from oil sales despite war

Iran earned $7.5 billion in foreign currency from crude oil sales in the first four months of 2026 despite continued Israeli-US military action and international sanctions, according to Iran's semi-official Fars news agency.

UAE suspends all trade, financial dealings with Iran

The United Arab Emirates has suspended all trade, commercial contact and financial transactions with Iran until further notice, citing heightened regional tensions, after accusing Tehran of firing ballistic missiles at shipping in the Gulf,…

ECNEC approves 10 projects worth Tk 9,333 crore, oil tanker purchase stalled

Bangladesh's ECNEC approved 10 development projects worth Tk 93.33 billion, but sent back a project to purchase two oil tankers for Bangladesh Shipping Corporation and a Turag river protection project for further review.

Jamuna Bank signs Tk 10,000 crore agricultural refinancing deal with Bangladesh Bank

Jamuna Bank PLC has joined Bangladesh Bank's Tk 100 billion refinancing scheme to boost food security, agricultural production and the rural economy, offering farmers loans at a maximum 8 percent simple interest.

Bangladesh Bank allows $3.2 million loan release to SS Power

Bangladesh Bank has permitted the release of the remaining $3.2 million tranche of a syndicated foreign-currency loan for power producer SS Power-1 Ltd, waiving a provision of the Bank Company Act to allow Rupali…

Does Bangladesh's government want to expand the use of vetiver grass?

The government has formed a technical committee to explore wider use of vetiver grass, a deep-rooted plant already used worldwide to prevent landslides, riverbank erosion and soil loss, as part of its nationwide canal-excavation…

Garment production down 35% amid energy crisis

Bangladesh's garment industry is under severe strain from an energy crisis, high interest rates and frequent policy shifts, with gas and power shortages cutting factory production by 30 to 35 percent, BGMEA President Mahmud…

Actress Toma Mirza takes up new job

National Film Award-winning actress Toma Mirza has joined a private bank as assistant vice president for brand and communications, while continuing to selectively take on acting roles.

Iran threatens to strike US bases in Europe

Iran is considering striking US military installations in Europe, including in Bulgaria and Cyprus, if its war with Washington escalates further, the Financial Times reports, citing two Iranian government sources, as talks between the…

Commerce ministry starts advance prep to keep Ramadan prices stable

The Commerce Ministry has begun advance preparations to prevent artificial shortages and price spikes in essential goods ahead of next year's Ramadan, as state trading agency TCB moves to procure chickpeas and dates through…

Remittances reach Tk 232 billion in first 17 days of August

Bangladesh received $1.887 billion in remittances during the first 17 days of August, a 32.6 percent jump from the same period last year, Bangladesh Bank spokesperson Arif Hossain Khan said.

New directive on opening bank accounts for foreign workers

Bangladesh Bank has directed banks to open accounts for foreign nationals working in Bangladesh, including A-3 visa holders and other employment-visa categories, provided they hold a valid, up-to-date work permit and complete standard KYC…

Citizens Bank signs agreement with Bangladesh Bank

Citizens Bank PLC has signed a participation agreement with Bangladesh Bank's Agricultural Credit Department-2 under the refinancing scheme for the agriculture and rural sector, allowing its agricultural clients to access low-interest loans.

Want to raise camels? Bangladesh Bank will lend you the money

Bangladesh Bank has added camel farming, fish-fry hatcheries and poultry-chick production to its list of activities eligible for agricultural loans, as it raised its overall farm and rural credit target to Tk 600 billion…

Commerce minister urges swift infrastructure fix for airport cargo handling

Commerce Minister Khandaker Abdul Muktadir has called for urgent construction of temporary and permanent warehouses to resolve long-standing cargo handling problems at the country's airport, as officials review progress on capacity expansion tied to…

Agricultural loan disbursement target set at 600 billion taka

Bangladesh Bank has set a 600 billion taka target for agricultural and rural sector loan disbursement in fiscal year 2026-27, a 53.85 percent increase from the previous year, alongside policy changes aimed at reaching…

Panel recommends up to 100 percent base pay increase for government employees

A secretary-level committee has recommended raising base salaries for government employees across all 20 grades by up to 100 percent, to be implemented in two phases, according to the Prime Minister's Office's e-book marking…

Ninth national pay scale to take effect this year, finance minister says

Finance Minister Amir Khasru Mahmud Chowdhury has said the ninth national pay scale will be implemented this year following further discussion, while Home Minister Salahuddin Ahmed said the government has managed to improve law…

From wedding gowns to miners' boots, Adamjee EPZ drives billion-dollar exports

The Adamjee Export Processing Zone, built on the site of the former jute mill, now employs roughly 80,000 workers across 47 factories producing everything from European bridal gowns to safety footwear, generating over a…

Iran offers $30,000 bounty for capturing or killing US soldier

Iran's army chief, Major General Amir Hatami, has announced a $30,000 reward, funded by public donations, for capturing or killing US military personnel accused of aggression against Iranian territory, a claim that could not…

Idle bank funds hit record high, but entrepreneurs still aren't borrowing

Surplus liquidity in Bangladesh's banking sector surpassed 4 trillion taka for the first time in June even as private-sector credit growth fell to a historic low, as entrepreneurs cite gas and power shortages, high…

Rupali Bank to auction Beximco property over unpaid loan

Rupali Bank is auctioning 26 acres of mortgaged land belonging to Beximco Limited in Gaziupur and Narayanganj to recover a 1.9 billion taka outstanding loan, a move the company's leadership says stems from the…

Lithuania eyes investment in Bangladesh's ICT and fintech sectors

Bangladesh and Lithuania have identified new opportunities for joint cooperation in information technology, cybersecurity, and fintech, following a meeting between Commerce Minister Khandaker Abdul Muktadir and Lithuania's non-resident ambassador to Bangladesh.

Rejected proposal sparks overnight clash between departments at Barisal University

An overnight clash between students of the English and Economics departments at Barisal University left about 20 injured, after a male student accused of harassing a female classmate following a rejected romantic proposal was…

Gas, power hardship will continue two more years, finance minister says

Finance Minister Amir Khasru Mahmud Chowdhury has said Bangladesh's electricity and gas crisis, inherited from the past, cannot be resolved within six months or a year and will require two years, though the government…

New pay scale could be announced any time, PM's principal secretary says

The prime minister's principal secretary, A B M Abdus Sattar, has said a new government pay scale is in its final stages and could be announced at any time, as 1.8 million public employees…

Sammilito Islami Bank holds board meeting

The tenth board meeting of state-owned Sammilito Islami Bank, formed from the merger of five banks, was held recently, chaired by the bank's chairman Kazi Sayrul Hasan, with senior government officials and directors in…

More than 40 countries helped China evade US tariffs, White House report says

A White House report alleges more than 40 countries, including Canada, India, Mexico, Japan, and South Korea, helped China route goods into the US market to evade tariffs, costing tens of billions in lost…

Gas crisis will take two years to resolve, commerce minister says

Commerce Minister Khandaker Abdul Muktadir has said resolving Bangladesh's gas crisis will require roughly two years to build the necessary infrastructure, blaming the shortage on the legacy of the previous government and outlining new…

Gold price falls after three consecutive increases

The Bangladesh Jewellers Association has cut the price of 22-karat gold by 2,158 taka per bhori after three straight increases, citing a decline in the international price of pure gold.

No one will lack healthcare due to poverty, says PM Tareque Rahman

Prime Minister Tareque Rahman has said the government is committed to building a welfare state where no citizen is denied healthcare because of financial constraints, speaking at the inauguration of a new hospital building.

Indian family claims 109-year-old wartime loan from Britain

The descendants of an Indian businessman who lent Rs 35,000 to the British government during World War I are seeking repayment with interest, and the UK's Debt Management Office has requested documentation.

Bangladesh Bank eases import rules, expands trade financing options

Bangladesh Bank has issued a consolidated import policy circular expanding opportunities for imports without letters of credit, longer-term deferred payments for raw materials and capital machinery, supply chain financing and digital trade documentation.

Indonesia to shut more than 750 unproductive state firms

President Prabowo Subianto told parliament that more than 750 loss-making state-owned enterprises will close by the end of the year, and proposed an ad hoc court to examine 30 years of irregularities.

Trade slows at Bhomra land port as imports and exports both fall

Exports through Bhomra fell by more than a million tonnes in a year and revenue collection is far behind target, with traders blaming weak infrastructure at the Satkhira port.

Chilli and egg prices ease but vegetables stay dear in Dhaka markets

Green chilli has fallen to Tk160-200 a kilogram after imports from India rose, but most vegetables remain expensive, with early winter beans selling at up to Tk200 a kg.

Lower fuel prices, not Iran, is Washington's top priority, Vance says

US Vice President JD Vance said keeping oil and gas affordable for Americans is the administration's highest priority in the conflict, ahead of preventing Iran from acquiring nuclear weapons.

Dallas airport to add separate wudu stations for men and women

Dallas-Fort Worth International Airport is installing foot-wash stations in Terminal D restrooms for Muslim passengers, with separate facilities for men and women.

Pakistan marks 79th Independence Day with focus on economy and regional peace

Pakistan's leadership stressed stability, economic and institutional reform and regional and global peace as the country marked its 79th Independence Day.

Major fire at residential building in Maghbazar; many feared trapped

A fire broke out at a mixed-use building in Dhaka's Maghbazar that houses four bank branches and foreign medical students; many people may still be trapped.

Bangladesh receives $1.499 billion in remittances in 12 days

Remittances reached $1.499 billion in the first 12 days of August, up 42.2 percent year on year, while July-August inflows rose 23.4 percent.

ADB pledges support for Bangladesh Bank's financial-sector reforms

The Asian Development Bank said it will continue supporting reforms, restructuring and recapitalization of Bangladesh's banking sector and broader financial stability.

Bangladesh Bank consolidates import foreign-exchange rules

A new Bangladesh Bank circular brings import foreign-exchange rules issued over the past year into one framework, covering letters of credit, payments, advances and online reporting.

Government moves to cut fragrant-rice export quota

Bangladesh is reviewing previously approved fragrant-rice export quotas as domestic demand and prices rise, asking exporters to report actual shipments within three working days.

Government to import five more LNG cargoes in August

Bangladesh will import five more LNG cargoes in August, bringing the monthly total to nine and the total volume to about 28.8 million MMBtu.

Nepal's ousted prime minister returns after Gen-Z movement

Former Nepalese prime minister Sher Bahadur Deuba returned after five months in Singapore, facing political and legal challenges over an ongoing money-laundering investigation.

Load-shedding cripples life and business across Chuadanga

Severe load-shedding — up to 10-12 hours a day in rural areas — has disrupted daily life and stalled farming, business and small industry across Chuadanga amid intense heat.

Central bank's printed-money loans to weak banks cross Tk85,000 crore

Bangladesh Bank's total liquidity support to weak banks, funded by printing money, has crossed Tk85,000 crore (about $7 billion), with roughly Tk17,000 crore given in the past three months alone.

Is caring for one's in-laws obligatory for a wife? What Ahmadullah said

Islamic scholar Shaykh Ahmadullah said caring for one's parents-in-law is not a religious obligation imposed on a daughter-in-law, though treating them well is a virtuous duty.

China's economic architect Zhu Rongji dies at 97

Former Chinese premier Zhu Rongji, a key architect of China's market reforms and WTO entry, has died in Beijing at 97, state media reported.

Government to provide stipends to 256,074 religious leaders and workers

The government is bringing 86,709 religious institutions under a state stipend programme this fiscal year, covering 256,074 religious leaders and workers with a budget allocation of Tk1,100 crore.

AI traffic signals planned at 50 more Dhaka locations

Dhaka plans to install automated AI traffic signals at 50 more locations at an estimated cost of Tk100 crore, or about Tk2 crore per signal including related infrastructure.

Bangladesh negotiating free-trade agreements with 12 countries: commerce minister

Bangladesh is discussing FTAs with 12 countries, including Indonesia and Malaysia, and may begin formal talks with the European Union within a month, Commerce Minister Khandaker Abdul Muktadir said.

Israeli minister celebrates demolition of 26 Palestinian buildings

Israel's far-right finance minister Bezalel Smotrich praised the demolition of 26 Palestinian structures in the occupied West Bank, calling it essential to security and settlement expansion.

Gold prices rise again in Bangladesh market

The Bangladesh Jewellers Association has raised the price of a bhori of 22-carat gold by Tk1,108 after pure-gold prices increased, taking the VAT-inclusive price to Tk235,146.

Halal economy could be a major new area of opportunity: commerce minister

Commerce Minister Khandaker Abdul Muktadir urged Bangladesh to reduce dependence on traditional export products and build a strong, internationally recognised halal ecosystem using the experience of the ASEAN region.

Power situation to improve from this evening

State minister for power, energy and mineral resources Anindya Islam Amit said the country's power situation would improve somewhat from this evening and load-shedding would decrease.

Today is Akheri Chahar Sombha

Akheri Chahar Sombha, the last Wednesday of the Islamic month of Safar, falls today (Wednesday, August 12). Scholars differ over the historical basis and religious observance of the day.

Government drafts policy to open fuel-oil imports to the private sector

The government is drafting a policy to let the private sector import, store, transport, distribute and market refined fuel, aiming for a more secure, uninterrupted supply, the information adviser says.