BD Global Times
English edition

Business Desk, page 7

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

US shifts to economic pressure on Iran after military push falls short

US President Donald Trump is returning to a strategy of tough economic pressure on Iran — tighter sanctions and a naval blockade — after military and diplomatic efforts fell short, US officials say.

Government orders wider solar-power use in government offices

The government has ordered wider use of solar power in government offices, with the Cabinet Division, PMO, Planning Commission and Finance Division to run most of their electricity on solar.

Government forms 27-member national steering committee on creative economy

The government has formed a 27-member National Steering Committee on the Creative Economy, chaired by the finance and planning minister, to approve and review sector roadmaps.

Beyond garments, Bangladesh eyes NZ market for medicines and IT

Bangladesh has taken new steps to expand non-garment exports — pharmaceuticals, IT, jute, leather and textiles — to New Zealand, and to attract NZ investment in agri-tech, dairy processing and the cold chain.

Bangladesh Bank allows cards to pay foreign study costs

Bangladesh Bank has allowed the use of international debit, prepaid and credit cards to pay tuition and other approved education costs for higher studies abroad, easing payments to foreign universities.

Time to rebuild this fragile state, PM Tareque Rahman says at SDG conference

Prime Minister Tareque Rahman says the time has come to rebuild a Bangladesh left fragile by “fascist” rule, aligning national development with the SDGs through a five-year strategic economic framework.

Bangladesh Bank warns lenders on deducting tax at source on deposit interest

Bangladesh Bank has warned banks to deduct tax at source correctly on interest paid on deposits and to deposit it into the state treasury on time, and to properly preserve the records.

42 more loan-defaulter groups tied to money laundering

The Bangladesh Financial Intelligence Unit (BFIU) has identified 42 loan-defaulter groups that laundered money abroad after taking bank loans. Some $221.9 million of laundering by four of them has been traced, and banks have…

Islami Bank files 500-crore-taka embezzlement complaint against Chuppu

Islami Bank Bangladesh PLC has filed a formal complaint with the Anti-Corruption Commission against former president Md Sahabuddin Chuppu, S Alam and 38 others over the alleged embezzlement of 500 crore taka in the…

Trade deficit hits three-year high

Bangladesh's trade deficit has risen to a three-year high of $27.28 billion in FY2025-26, up 34% in a year, as import costs rose sharply and export earnings fell. Strong remittances of a record $35.58…

Green chilli price halves in Benapole markets after India imports resume

Green chilli prices have fallen by half in markets in Jashore's Sharsha, including Benapole, from 300 taka a kg five days ago to 150-180 taka now, after 80 tonnes were imported from India through…

Jashore grower turns white sandalwood 'green gold' into a rooftop enterprise

In Jashore, Sajjad Hossen is raising some 350 rare white sandalwood plants on his rooftop and about 4,000 saplings in a nursery, in what he hopes is the start of a valuable new agricultural…

Reserve-heist probe report delayed for the 97th time, now due 14 September

A Dhaka court has set 14 September for the investigation report in the Bangladesh Bank reserve-heist case, the 97th time the deadline has been pushed back nine years after 81 million dollars was stolen.

4.1 million mothers to get family cards this fiscal year, PM Tareque Rahman says

Prime Minister Tareque Rahman says 4.1 million mothers will receive family cards this fiscal year, including 10,000 to 12,000 families in Banshkhali, during a flood-rehabilitation event in Chattogram.

Foreign banks handle a fifth of Bangladesh's export earnings, central bank says

About 19 percent of Bangladesh's merchandise exports and 13 percent of imports are handled by the nine foreign banks operating in the country, a Bangladesh Bank report shows.

Bangladesh Bank plans interest-free digital loans of up to 5,000 taka for bills

Bangladesh Bank has drafted a policy for small digital loans of 50 to 5,000 taka, repayable within 30 days with no interest but a fixed service fee, to cover urgent needs such as utility…

Tour operators may now sell foreign travel packages in taka, Bangladesh Bank says

Bangladesh Bank has allowed tour operators to sell foreign travel packages in taka and to remit the required amounts to overseas service providers in foreign currency.

Eight international law firms hunt overseas assets of 42 loan-default firms

After Sheikh Hasina's family and 10 industrial groups, eight international law firms are now tracing the overseas assets of 42 firms with more than 200 crore taka in defaulted loans.

Will India’s Gen Z stop buying homes? Economists say the panic is overblown

Analysts argue India’s young generation is resequencing when it buys property, not abandoning it — a shift that reroutes money through renting and markets rather than collapsing housing demand.

Iraq’s oil exports fall 75% amid Hormuz blockade, oil minister says

Oil minister Basem Mohammed Khudair says the blockade of the Strait of Hormuz has cut Iraq’s exports by three-quarters since the U.S.-Israel-Iran war began, with Baghdad now seeking alternative routes.

Reopening 200 closed Chattogram factories could create 1 million jobs

Reopening about 200 closed factories in the Chattogram region could create a million jobs, a concept paper presented to Bangladesh Bank says, with the energy crisis and capital shortage the main hurdles.

Shrimp exports fall 62% in 14 years

Bangladesh's shrimp exports have fallen about 62% in 14 years, to 19,000 tons worth $285.61 million in FY2025-26, as exporters stay tied to bagda while global demand shifts to vannamei.

Green chilli prices ease as Indian imports resume

Green chilli prices have begun falling in Dinajpur's Hili markets as imports from India resume, with local chillies down to Tk 130 a kg from Tk 250 last week, traders say.

US employment fell in July; what it means for the world economy

US employment fell by 23,000 in July against a forecast of 95,000 new jobs, giving a mixed labour-market picture that analysts say could ripple through the global economy, including Bangladesh's garment exports.

An empire of Awami League leaders in Dubai

At least 53 flats, villas, hotel apartments and offices have been traced in Dubai in the names of fugitive banned-Awami League leaders, sources say, as agencies probe alleged money laundering.

SME lending falls, defaults rise

CMSME lending fell 5.15% to about Tk 2.98 trillion in the January-March quarter while the sector’s default rate rose to 26.04%, a Bangladesh Bank report shows.

Administrators to leave five merged banks by 15 August

Bangladesh Bank will withdraw its appointed administrators from the remaining four of five merged banks under United Islami Bank by 15 August, handing full control to the new management.

Bangladesh Bank to place administrators at 5 failing finance firms

Bangladesh Bank will place administrators at five weak non-bank financial institutions being closed, starting Sunday, dissolving their boards. Bad loans at the five range from 93 to almost 100 percent; individual depositors will be…

Gold price cut by 3,266 taka a bhori

The Bangladesh Jewellers' Association has cut the price of gold, lowering the price of 22-carat jewellery by up to 3,266 taka a bhori, effective from Friday morning. A day earlier it had raised the…

Government to pay retirement dues to 75,000 teachers on 15 August

The government will pay retirement and welfare-trust dues to 75,000 MPO teachers and staff across 64 districts on 15 August, with a special 2,000 crore taka allocation. Some 110,000 applications, needing 10,326 crore taka,…

All local government elections within this fiscal year: state minister

The government is working to complete all five tiers of local government elections within the current fiscal year, State Minister for Local Government Mir Shah Alam said in Sylhet. He said a decision on…

A third of bank money looted under AL, 2 crore depositors hit: governor

Bangladesh Bank governor Md Mostakur Rahman said a third of the banking sector's money was looted under the Awami League government, leaving about 2 crore depositors in trouble. He called what is now labelled…

Bank-sector reforms under way, but the crisis is not over

Two years of reforms have brought back reserves, dollar-market stability and remittance and deposit growth, but the banking sector still carries the weight of bad loans, capital shortfalls and provision gaps built up under…

Commercial poultry farms may speed spread of food-poisoning bacteria: study

Modern commercial poultry farms can accelerate the spread of a dangerous bacterium, Campylobacter, linked to food poisoning, blood infection and, in some cases, bowel cancer, an Oxford University study published in PNAS found. Its…

Remittances hit $602 million in first five days of August

Bangladesh received $602 million in remittances in the first five days of August, 83.7 percent more than the same period a year earlier, Bangladesh Bank data show. From 1 July to 5 August, total…

Bangladesh, Australia look to deepen trade and investment ties

Commerce Minister Khondaker Abdul Muktadir and Australian High Commissioner Susan Ryle stressed expanding trade, investment, skills development and research cooperation between the two countries. Bilateral trade stands at about $5.5 billion and is growing.

Gas supply to normalise within 3 days, energy minister says

It will take two to three days for the gas crisis to ease, Power, Energy and Mineral Resources Minister Iqbal Hasan Mahmud Tuku said. Gas transmission would resume from the afternoon once freezing was…

Education Ministry plans new measures to curb school bullying

The Education Ministry plans a mobile assessment app, a learning-management system and anti-bullying initiatives under a World Bank-funded secondary education project.

25 US states sue Trump administration over new tariffs

A coalition of 25 U.S. states has challenged the legality of new Trump administration tariffs targeting 60 trading partners over alleged links to forced labor.

Bangladesh ranks second in global apparel exports for 5th straight year

Bangladesh remained the world's second-largest apparel exporter for a fifth consecutive year, according to the WTO's World Trade Statistical Review 2025. It exported US$38.82 billion in garments, nearly US$2 billion more than Vietnam.

Boardless Islami Bank faces delays in major business decisions

Corporate clients say major decisions at Islami Bank Bangladesh have slowed since its board was dissolved, delaying letters of credit, loan renewals and working-capital approvals. Bank officials say essential operations continue under a one-member…

Bangladesh, South Korea sign CEPA with tariff benefits for 97% of Bangladeshi goods

Bangladesh and South Korea signed a Comprehensive Economic Partnership Agreement granting preferential tariff treatment to 97 percent of Bangladeshi goods in the Korean market and 87 percent of South Korean goods exported to Bangladesh.

Bangladesh receives Tk 35,210 crore in remittances in July

Bangladesh received 286 crore U.S. dollars, equivalent to Tk 35,210 crore, through formal banking channels in July, according to a Bangladesh Bank report.

Kushtia farmer builds commercial dumba sheep operation

A farmer in Mirpur, Kushtia, has expanded a commercial Turkish dumba sheep operation from two animals to 15, drawing visitors and interest from other prospective farmers.

Prime minister issues 3 directives to address energy crisis

Prime Minister Tareque Rahman has issued three directives to expand solar power and increase renewable-energy use as Bangladesh confronts an energy crisis.

PM Tareque Rahman directs solar power for key government buildings

Prime Minister Tareque Rahman has directed that solar panels be installed in phases on the country's key government buildings, part of three directives to expand renewable energy and tackle the energy crisis. PRAN-RFL and…

PM Tareque Rahman orders solar panels on key government buildings

Prime Minister Tareque Rahman has issued three directives to expand renewable energy — installing solar panels in phases on key government buildings, supporting imports of solar-inverter raw materials, and drawing up an economic model…

Government seeks IATA technical help to break airline-ticket syndicate

The government has sought technical support from the International Air Transport Association (IATA) to curb the airline-ticket syndicate, modernise air transport and develop tourism. IATA has offered to help upgrade Biman's technical centre to…

Poland's LPP suspends new Bangladesh garment orders over $40m dues dispute

Poland's clothing brand LPP has suspended new orders and product development in Bangladesh amid a dispute over about $40 million owed to Bangladeshi factories and buying houses by Russian buyer FES Retail, for which…

PM Tareque Rahman calls for greening economic zones, tree-planting in EPZs

Prime Minister Tareque Rahman has called for developing the country's economic zones as green, modern and investment-friendly industrial areas, blending industrialisation with environmental protection. A BEZA board meeting decided to plant 1.25 lakh trees…

Oil slips and gold climbs as Trump pauses fresh Iran strikes

Oil prices fell and gold rose after US President Donald Trump held off on new strikes on Iran, saying he hoped for a quick settlement. Brent crude dropped more than 5 percent to $83.33…

Garment sector faces multi-layered challenges, new FBCCI administrator says

Md Fazlul Haque, the newly appointed administrator of the FBCCI and a former BKMEA president, says the garment industry faces not just a crisis but multi-layered challenges — from weaker global demand and new…

Remittances rise, but pressure builds again in the dollar market

Bangladesh received $2.86 billion in remittances in July, the first month of the 2026-27 fiscal year — higher than the previous month and a year earlier. But rising energy and fertiliser import costs have…

Nepal keeps 'Greater Nepal' map on new coin, ignoring Delhi's objection

Nepal's government has backed away from removing the 'Greater Nepal' map — at the heart of a long-running border dispute with India — from a new one-rupee coin, and will keep it after all,…

Gangs lure European teens into contract killings 'like a video game', BBC finds

A 'violence-as-a-service' network has spread across Europe, with organised crime rings luring minors and teenagers with large sums to use them as contract killers, the BBC has reported. At the top is the Sweden-run…

Bangladesh, Myanmar discuss boosting trade and Rohingya repatriation

Bangladesh and Myanmar have discussed increasing bilateral trade, reopening border trade and speeding up Rohingya repatriation, at a meeting between Commerce Minister Khondkar Abdul Muktadir and Myanmar's ambassador to Bangladesh, Kyaw Soe Moe, at…

After Venezuela, Trump sets sights on Libya's oil

After US forces seized control of Venezuela's oil sector, the Trump administration is now turning its attention to Libya's oil, working through envoy Massad Boulos — the father-in-law of Trump's daughter Tiffany — to…

Green chilli imports to start Monday, prices to ease: agriculture minister

Green chilli imports will begin on Monday, Agriculture Minister Mohammad Amin Ur Rashid has said, expressing hope that the price of green chillies will come down to a tolerable level within two to five…

Mozammel Hossain Khan given additional charge as madrasa education DG

Additional Secretary Md Ubaidul Haque has been removed from the post of director general of the Directorate of Madrasa Education. Muhammad Mozammel Hossain Khan, director (administration and finance) of the directorate, has been given…

Fazlul Haque takes charge as new FBCCI administrator

Md Fazlul Haque, former president of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) and managing director of Plummy Fashions Limited, has formally taken charge as administrator of the country's top trade body, the…