BD Global Times
English edition

Business Desk, page 8

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

Analysis: A 1% minimum tax leaves small entrepreneurs fighting to survive

The recently passed Finance Act 2026 scraps the tax exemption small businesses enjoyed on annual turnover of up to 4 crore taka and imposes a mandatory 1 percent minimum tax on their total sales,…

US special envoy Sergio Gor meets Prime Minister Tareque Rahman in Dhaka

Sergio Gor, the visiting US Special Envoy for South and Central Asian Affairs, has met Prime Minister Tareque Rahman at the Prime Minister's Office in Dhaka's Tejgaon, Deputy Press Secretary Zahidul Islam Roni confirmed.

Trump eyes Libya's oil after seizing Venezuela's, Financial Express reports

After taking control of Venezuela's oil sector, the Trump administration has raised more than $13 billion from that country's oil sales in the first six months of this year and is now turning its…

Bangladesh joins Saudi-led 14-nation maritime defense alliance

Saudi Arabia has announced a 14-nation Multinational Maritime Defense Alliance — including Bangladesh — to secure commercial and energy shipping in the Red Sea, the Bab al-Mandeb strait and the Gulf of Aden, Al…

US and Israel weigh land blockade to squeeze Iran, Telegraph reports

The United States and Israel are discussing a possible land blockade on Iran to intensify economic pressure, after air strikes and prolonged military pressure failed to force Tehran to yield, according to a report…

Today's currency exchange rates against the Bangladeshi taka

The exchange rates of major foreign currencies against the Bangladeshi taka on Friday.

Al-Arafah Islami Bank passes to KDS Group after S Alam era

Bangladesh Bank has handed control of Al-Arafah Islami Bank back to its old owners, the Chattogram-based KDS Group, under high-level government pressure — a move that returned people accused of past irregularities to the…

India opens anti-dumping probe into Bangladeshi PET film

India has begun an anti-dumping investigation into PET film exported from Bangladesh, with a virtual hearing set for August 6, adding another Bangladeshi product to a growing list of trade-remedy actions.

Saudi Arabia readies major operation against Houthis over Red Sea blockade

Saudi Arabia is preparing a major military operation to break a Houthi blockade on its oil exports in the southern Red Sea and is pushing to form a multinational naval coalition, Yemeni sources said.

Bangladesh Bank cuts policy rate for first time in 21 months

Bangladesh Bank has cut its policy (repo) rate by 50 basis points to 9.50 percent, its first cut in 21 months, a move expected to lower bank lending rates for customers.

Bangladesh could capture 12% of global man-made fibre apparel market by 2030, study says

Bangladesh could capture 12 percent of the US$375 billion global man-made fibre apparel market by 2030 with policy reform, more investment and stronger industrial capacity, a Bangladesh Foreign Trade Institute study said.

55 European nations vote to boycott World Cup over FIFA investment plan

Europe's 55 football federations have decided to boycott the World Cup in protest at FIFA's plan to bring private investment into its commercial structure, a decision taken at a virtual UEFA meeting on Thursday,…

One LNG cargo to be imported from Singapore for Tk 950 crore

The cabinet committee on government purchases approved buying the 42nd LNG cargo from Vitol Asia at 22.35 dollars per MMBtu for delivery on 15-16 August.

ADP implementation rate hits record low of 67.52 percent

Spending under the government's annual development programme in 2025-26 was the lowest in the country's history, an IMED report shows.

Deadline extended for card-to-MFS “add money”

Bangladesh Bank has given mobile financial service providers and banks until 31 December to implement its new rules on adding money from cards to MFS accounts.

US bans imports of Chinese humanoid robots

The Trump administration says advanced foreign-made robots and power inverters pose an unacceptable risk to national security. Beijing calls it politicising trade.

Anis Ahmed elected chairman of EBL

The MGH Group founder takes over as chairman of Eastern Bank PLC's board, effective from Monday.

Protest demands arrest of former president over Islami Bank allegations

A customers' forum rallied outside Islami Bank's head office in Motijheel, alleging that the resigned president Md Sahabuddin aided share manipulation at the bank.

Withdrawing cases made mandatory for policy support

Bangladesh Bank has ruled that anyone seeking a stimulus package or other policy support must first withdraw every case filed against the government, the central bank or the bank concerned.

Broker rings at government hospitals to be shut for good, minister says

The health minister, Sardar Md Sakhawat Hossain, says touts who divert patients from government hospitals to private clinics will be stopped permanently.

Gold prices cut again a day after being raised

The jewellers' association BAJUS has cut the price of gold by the same amount it raised it a day earlier, reversing Monday's increase in full.

Government borrows more than 9,000 crore taka from banks in 13 days

The government took a net 9,209 crore taka from the banking sector in the first 13 days of the new financial year, taking its total bank borrowing stock to 6,94,684 crore taka.

AI-based data analysis planned to keep essential supplies stable

The commerce minister, Khandaker Abdul Muktadir, says an artificial intelligence system is being set up to analyse production, imports and international markets and forecast shortages of essential goods.

Titas Gas hiring for 135 posts

Titas Gas Transmission and Distribution PLC has advertised 135 posts in grades 13 to 18. Applications close on 21 August 2026.

Report alleges transfer-for-bribes network in secondary education directorate

An investigative report alleges that transfers and postings in the secondary and higher education directorate are being traded for bribes at set rates, led by its director general. The allegations are unproven and no…

Former deputy governor S K Sur jailed for three years

A Dhaka court has sentenced the former Bangladesh Bank deputy governor Sitangshu Kumar Sur Chowdhury to three years in prison for failing to submit a statement of assets.

First factory in China economic zone to open within 18 months: BEZA chairman

Prime Minister Tarique Rahman wants production to start at the China Economic and Industrial Zone in Anwara within 18 months, the BEZA executive chairman says.

Bangladesh mango festival in Kathmandu showcases export potential

The Bangladesh embassy in Kathmandu has held an exhibition and festival of Bangladeshi mango varieties and mango-based products, drawing about 250 guests.

Sheikh Ahmadullah on income from selling cigarettes

The Islamic scholar Sheikh Ahmadullah says trade in anything Islam forbids consuming is itself not permissible, so income from selling bidis and cigarettes is not lawful.

Iran war has weakened the United States, congressman says

The Republican congressman Thomas Massie says the conflict with Iran has depleted US missile defences and fuel reserves, killed service members, raised consumer prices and added to the national debt.

Gas supply to be restored next week, state minister says

The state minister for power, energy and mineral resources, Anindya Islam Amit, says supply to the national grid should return to normal from next week as the LNG terminal fault is repaired.

Bangladesh needs another $421bn over five years to meet the SDGs

Bangladesh will need about $421bn in additional financing over the next five years to achieve the Sustainable Development Goals, a review of the government's updated SDG financing strategy says.

A market built on sweat, with a crore-taka economy

Jashore's wholesale betel-leaf market turns over crores of taka twice a week and supports thousands of livelihoods, yet after decades it still has no shed, no safe water and no toilets.

Crore-taka bank accounts up by 7,000 in interim government's 18 months

Individual bank accounts holding 1 crore taka or more rose from 33,629 to 40,645 during the 18 months of the interim government — a growth of about 21 percent, Bangladesh Bank data shows.

Defaulted loan accounts have doubled in a year

The number of bank accounts carrying classified loans has more than doubled in a year to about 46 lakh by the end of March, most of them loans of up to 1 crore taka,…

Export target set at 63.4 billion dollars, 15 percent growth expected

The government has set an export target of 63.4 billion US dollars for the 2026-27 financial year — 55.2 billion in goods and 8.2 billion in services — seeking 15 percent growth in both.

Preliminary hajj registration starts Monday; who cannot go

Preliminary registration for the 2027 hajj opens on Monday, 27 July, and runs to 24 September, with a deposit of 3.5 lakh taka; those under 15 and people with certain serious illnesses cannot go.

Import trade halted at Benapole-Petrapole port

Import trade between India and Bangladesh through the Benapole-Petrapole port has stopped over a gate-pass dispute, stranding hundreds of goods-laden trucks at Petrapole.

Akij Group launches commercial helicopter service

Akij Aviation Limited, a concern of the Akij Group, has launched a commercial helicopter service for corporate and business travel, tourism, personal journeys and medical transport, starting with three aircraft.

Fresh bad news on the pay scale as frustration grows

Government employees waiting 11 years for a new pay structure still have no formal announcement on the ninth national pay scale, and the IMF has urged caution on implementing it given the economic situation.

Government working tirelessly to ease public suffering: commerce minister

Commerce, Industries and Textiles and Jute Minister Khandaker Abdul Muktadir MP says a new road project from Ambarkhana to Lakkatura has been taken up to ease traffic congestion in Sylhet city.

‘I cried a lot’: Bhabna

The actress Ashna Habib Bhabna, back home after performing Umrah, has shared the story behind the trip on Facebook and answered those who criticised her for posting pictures of it.

Semiconductors could be the economy's next driving force: prime minister

Prime Minister Tarique Rahman says the semiconductor industry could be Bangladesh's next promising economic sector after ready-made garments, with tax and duty on raw materials withdrawn and a Tk 500 crore annual startup fund…

US imposes new tariffs on 60 countries, including Bangladesh, over forced labour

The United States is imposing new tariffs of 10 to 12.5 percent on about 60 trade partners, including Bangladesh, over alleged failure to curb forced labour; the measure takes effect Friday.

World oil reserves running down fast

With Middle East conflict flaring anew, analysts warn crude could top $150 a barrel as shipping routes falter and global reserves fall by about 1.3 billion barrels in five months.

Pubali Bank to buy land and high-rise for 800 crore taka

Pubali Bank will acquire a 26-storey building under construction, the “Swiss Tower,” along with its land on Tejgaon Link Road for a total of 800 crore taka, a decision taken at its July 22…

US imposes extra tariffs on 60 trade partners, including Bangladesh

The Trump administration has imposed new tariffs of 10 and 12.5 percent on goods from 60 trade partners, including Bangladesh, over alleged laxity in enforcing bans on goods made with forced labour, Reuters reports.

Overall garment exports fall

Bangladesh's ready-made garment export earnings slipped 0.63 percent in the first half of the year to 1,933.57 crore dollars, as negative growth in knitwear outweighed a small rise in woven exports.

Confidence in government primary schools is slipping

Government primary schools in Rajshahi division have lost about 1 lakh 37 thousand pupils in a dozen years while kindergartens and private primaries have grown, in a shift analysts read as a change in…

Iraqi prime minister visits Iran amid US strikes

Iraqi Prime Minister Ali al-Zaidi arrived in Tehran on a two-day official visit amid the continuing conflict with the United States, meeting President Masoud Pezeshkian for talks on de-escalation and gas imports.

Growing tomatoes by the mulching method

Commercial tomato cultivation using the mulching method has begun in Kotchandpur, Jhenaidah, with 7.5 bighas under BARI Hybrid 8 this year and demonstration plots planned for seven farmers.

Creating jobs must be the priority to turn the economy round

Amar Desh editor Dr. Mahmudur Rahman told a Dhaka University seminar that job creation in manufacturing and agriculture must be the top priority if Bangladesh's economy is to recover.

Scrap merchant fees on digital payments including Bangla QR, says Ahsan H Mansur

Former Bangladesh Bank governor Ahsan H Mansur urged the removal of merchant fees on all digital transactions including Bangla QR to popularise going cashless, suggesting the cost be met from the remittance incentive budget.

Probashi Card: who gets it first, the benefits and how it is issued

Probashi Card for Bangladeshis abroad: a Janata Bank debit card, BMET-registered migrants first, dual-currency spending, airport lounges and discounts.

Bangladesh to receive €1.25 million for managing climate displacement

The government and the International Organization for Migration signed a three-year, EU-funded agreement worth €1.25 million to strengthen the management of climate-induced displacement in South Asia.

GRI and BGMEA sign strategic partnership agreement

BGMEA and the Global Reporting Initiative have signed a strategic partnership to advance the “Improving Transparency for Sustainable Business” initiative in Bangladesh's garment sector.

Government moving on a plan to build a $1 trillion economy by 2034

Prime Minister Tarique Rahman said the government is working to make Bangladesh a one-trillion-dollar economy by 2034, prioritising renewable energy, pharmaceuticals, electronics, digital services, agro-processing, textiles, healthcare and logistics.

Commerce minister invites more Thai investment in Bangladesh

Commerce Minister Khandaker Abdul Muktadir called on Thai investors to invest more in Bangladesh's promising sectors, opening the three-day “Top Thai Brands 2026” trade exhibition in Dhaka.

Government working to turn country into a trillion-dollar economy: PM

Prime Minister Tarique Rahman told an FICCI FDI conference the BNP government is working to make Bangladesh a one-trillion-dollar economy by 2034, urging domestic and foreign investors to expand here.

National Bank granted special exemption until 2031

Bangladesh Bank has allowed National Bank PLC to lease Tower-2 of its proposed head office, the NBL Twin Tower, as a commercial property, exempting it from a Bank Company Act provision until December 31,…