BD Global Times
English edition

Business Desk, page 9

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

Islam came to India through Arab traders, not by the sword

Modern historians argue Islam's arrival in India was not a single event in 712 CE but the outcome of centuries of trade, Sufi settlement, politics and agrarian change along the Malabar coast and beyond.

Structural reform and tariff adjustment vital for energy security: World Bank

World Bank country director Jean Pesme said Bangladesh faces significant fiscal pressure from heavy import dependence and a widening gap between supply costs and tariffs, with energy subsidies at about 1.1 percent of GDP.

Government to strengthen reform and accountability in project implementation: Jonayed Saki

State Minister for Planning Jonayed Abdur Rahim Saki said the government has adopted a full action plan to cut project delays, tighten accountability, set a new policy for appointing project directors and revise construction…

Why the salary runs out so fast

Economists say it is not inflation alone: years of high inflation, weak market management, layers of middlemen, high interest rates and falling real incomes mean a basket costing 100 taka four years ago now…

Bank officers can now report director, MD irregularities confidentially

Bangladesh Bank has overhauled internal audit rules, separating audit from compliance and making whistleblower systems mandatory — letting internal auditors report board or MD wrongdoing directly to the central bank without management approval.

Pakistan seeks $10 billion support facility from the US

Pakistan has asked the United States for a $10 billion exchange stabilisation support facility to shore up reserves and steady its economy, Reuters reported, citing a source; the US Treasury declined to comment.

No fuel shortage in the country, energy division says

Bangladesh has 31 days of diesel, 36 of octane, 20 of petrol, 20 of jet fuel and 25 of furnace oil in stock, an energy division joint secretary said, calling shortage rumours an attempt…

Iran poured money into missiles instead of its people for 20 years, Rubio says

At an ASEAN meeting in the Philippines, US Secretary of State Marco Rubio said the US-Israel war had severely damaged Iran's economy and military, claiming Tehran had spent 20 years funding missiles rather than…

Bangladesh Bank makes it easier for freelancers to bring in foreign earnings

Bangladesh Bank has eased foreign-exchange rules for freelancers and individual service exporters — accepting digital proof of income, allowing up to $20,000 inward remittance without a declaration, and permitting a dual-currency freelancer card.

Jashore cotton farmers at risk over disputed seed distribution

About 3,000 cotton farmers in the Jashore region fear a poor harvest, alleging they are being pushed to take a particular company's seeds instead of the variety they want; officials deny the allegation.

BFTI to research global-market risks and economic shifts, commerce minister says

Commerce Minister Khandaker Abdul Muktadir said the Bangladesh Foreign Trade Institute will be built into a strong national think tank, conducting regular research on major economies to guide government policy and private-sector decisions.

Saudi Arabia tops remittance sources for Bangladesh

Five countries — Saudi Arabia, the UK, the UAE, Malaysia and the US — accounted for about 62 percent of Bangladesh's remittances in the first 11 months of 2025-26, with Saudi Arabia the single…

Trump imposes 50% tariff on Canadian goods, reviving trade-war fears

US President Donald Trump imposed a 50 percent tariff on Canadian goods over alleged discrimination on cars, dairy and alcohol; Canada's PM Mark Carney called it a direct USMCA violation as North American trade…

Bangladesh wins big at International Economics Olympiad

Bangladesh won a bronze medal, a global championship and special international recognition at the 9th International Economics Olympiad 2026 in Shenzhen, China, where students from 57 countries competed.

PKSF signs credit-guarantee deals with 11 banks and one financial firm

PKSF signed credit-guarantee deals with 11 banks and one financial firm, enabling up to 2,800 crore taka in guaranteed loans to its partner organizations for small-enterprise financing in 2026-27.

Gold price rises again in Bangladesh

The Bangladesh Jewellers' Association raised the price of 22-carat gold by 1,633 taka per bhori to 221,441 taka, effective Tuesday, after two straight cuts. Gold prices have been adjusted 92 times this year.

685 crore taka project planned to protect Bhola from Meghna erosion

A 685.86 crore taka government project to shield the Shibpur, Dhania and Medua areas of Bhola from severe Meghna River erosion goes to Ecnec on Wednesday for approval, after the Planning Commission trimmed its…

ADB warns of loan fraud using fake websites and Facebook pages

The Asian Development Bank has warned the public against a scam that uses its name, logo and officials' identities on fake websites, Facebook pages and forged IDs to lure people with bogus loans and…

FIFA posts record revenue of $15 billion from the World Cup

FIFA is set to announce record revenue of $15 billion from the World Cup, far exceeding its $11 billion target, driven by hospitality packages and huge ticket demand, The Guardian reports.

ADB warns of fake-loan trap using its name

The Asian Development Bank has warned the public against a fraud ring using its name, logo and forged officials' identities to lure people with loan offers and extract money, stressing that it does not…

World Cup cost the global economy $17 billion in lost productivity

This year's World Cup wiped out about $17 billion in productivity worldwide as fans watched stars like Messi and Mbappé, with the host United States hit hardest, according to a report by the HR…

Bangladesh Bank sets ultimatum for 29 banks to cut bad loans

Bangladesh Bank has set separate targets for 29 high-risk banks to bring down defaulted loans within six months or transfer them to an asset management company, as the country's non-performing loan ratio hits 32.26…

Remittances reach $1.8 billion in 18 days of July

Expatriates sent about $1.8 billion in remittances in the first 18 days of the 2026-27 financial year, up 20.2 percent — $302 million more than the same period last year, Bangladesh Bank data show.

Prospects growing for Bangladeshi food products in Europe, says Unidex ambassador

The reach of Bangladeshi food products in the European market is set to widen if quality, long-term ties and regular market links are ensured, says Forkan Haider Chowdhury, ambassador and adviser to the Netherlands-based…

Temple donation scams on the rise in India

Indian police are investigating the theft of donations at the famous Ram Mandir in Ayodhya — reportedly about 3 crore rupees — with eight people arrested, in the latest scandal to raise questions over…

Politics has become a profitable business, says Dr Iran

Bangladesh Labour Party chairman Dr Mostafizur Rahman Iran said politics has become a profitable business, with honest politicians turning away, in a speech to a party meeting in Barishal.

Today's currency exchange rates in Bangladeshi taka

Today's exchange rates of various foreign currencies against the Bangladeshi taka, with the US dollar at 123.16 taka, the euro at 143.55 taka and the British pound at 166.34 taka.

Jute exports at a three-year high

Jute and jute-product exports rose nearly 8 percent to $880 million in the just-ended 2025-26 financial year, the highest in three years after four years of decline, though still far below the pandemic-era record.

The worst people in society do Awami League: power minister

Power, Energy and Mineral Resources Minister Iqbal Hasan Mahmud Tuku said 'the worst people in society do Awami League,' accusing the party of destroying the handloom industry, at the opening of a handloom training…

Crane and forklift shortage at Benapole port disrupts trade

Imported heavy goods lie in the open at Benapole land port in Jashore as a shortage of cranes and forklifts disrupts import trade, with traders facing long delays and some shifting to other ports.

Iraqi armed group puts $10 million bounty on Trump

The Iraqi armed group Islamic Resistance in Iraq has announced a $10 million bounty on US President Donald Trump, saying it would pay anyone who kills him, after Trump acknowledged a role in the…

Islam came to India through Arab traders, not the sword

Modern historians argue that Islam spread in India not through Muhammad bin Qasim's 8th-century conquest of Sindh but through centuries of trade, Sufi movements and social and economic processes, especially via Arab merchants on…

100% tariff for buying Russian oil

US senators have introduced a revised sanctions bill imposing a 100% tariff on the top five importers of Russian oil and gas, backed by President Trump and aimed mainly at China and India, after…

700,000 people affected by Chittagong floods: finance minister

About 700,000 people have been affected by floods in Chittagong, finance and planning minister Amir Khasru Mahmud Chowdhury said, adding that relief had reached 100,000 people and rehabilitation work had begun.

Israel funding an effort to derail peace talks, Vance alleges

US Vice President JD Vance has alleged that Israel is funding a secret, heavily resourced campaign to sabotage the ongoing US-Iran talks aimed at ending the war, in an interview on Joe Rogan's podcast;…

Trump had his eye on Kharg Island even before becoming president

US President Donald Trump is weighing options to widen the military campaign against Iran, including a plan to seize Kharg Island, the hub through which about 90 percent of Iran's crude is exported; a…

Online tax-return filing may start this month

Online income-tax return filing for individual taxpayers could begin in the last week of July, the National Board of Revenue says, while online corporate return filing — being launched for the first time —…

Islami Bank's Gazipur branch holds customer gathering

Islami Bank Bangladesh PLC's Gazipur Sadar branch held a customer gathering and views-exchange meeting to strengthen ties with customers and take their feedback.

Extra fee for more than three counter cash withdrawals a month?

The Association of Bankers, Bangladesh has proposed charging customers an extra Tk 100 to Tk 300 for withdrawing cash from a bank counter more than three times a month, along with new or higher…

Al-Arafah Islami Bank handed back to its former owners

Bangladesh Bank has returned Al-Arafah Islami Bank to its former owners, adding 14 entrepreneur directors to the board, while keeping its five appointed independent directors in place.

Bangladesh Bank eases foreign-loan rules for fully foreign-owned firms

Bangladesh Bank has relaxed the conditions under which wholly foreign-owned industrial firms may take foreign loans, allowing them to borrow from their parent company, associates and shareholders.

Tk 226 crore in loans waived for 2.3 lakh farmers in the north

In line with the BNP government's election manifesto, the Rajshahi Krishi Unnayan Bank has waived the principal and interest on loans owed by 2,29,933 small and marginal farmers in northern Bangladesh, worth about Tk…

Iran threatens to close all Middle East shipping lanes

Iran's Islamic Revolutionary Guard Corps has threatened to shut every other energy-export corridor that benefits the United States and its allies, after Tehran again closed the Strait of Hormuz and Washington blockaded Iranian ports,…

End the anarchy in the health sector

Editorial: Crores of taka worth of imported medical equipment ending up sold for scrap is a living document of mismanagement, corruption and waste in the health sector — and it must stop.

Gold price cut again in Bangladesh

The Bangladesh Jewellers' Association (BAJUS) has again cut the price of gold, reducing 22-carat gold by Tk 2,158 a bhori to Tk 2,19,808.

Bhomra land port revenue falls over Tk 950 crore short of target

Revenue at Satkhira's Bhomra land port fell more than Tk 950 crore short of its target in 2025-26, collecting Tk 1,114 crore against a Tk 2,064 crore goal, though that was Tk 134 crore…

Pubali Bank inaugurates 14 e-booths in Rajshahi

Pubali Bank virtually inaugurated 14 electronic booths in its Rajshahi region at a 'Cashless Rajshahi' awareness event, in line with Bangladesh Bank's 'One Country, One QR Transaction' drive.

Bangladesh losing pace as Vietnam advances fast

Bangladesh's garment sector grew just 0.89 percent this year against a 4.46 percent global rise, and competitor Vietnam has closed the export-value gap to $1.31 billion, WTO data shows.

Spain the best at passing, France at finishing

Ahead of their World Cup semifinal, the statistics show Spain dominating in passing and possession while France lead in shooting accuracy and finishing.

Monsoon dance festival 'Ghanoghata 2' set for July 17

The Arthi Ahmed Dance Academy will celebrate the monsoon with 'Ghanoghata 2,' an open-air dance festival at Dhaka University's fine arts faculty featuring more than 300 performers aged 3 to 70.

Anupam Kher calls Ram temple theft a 'minor matter'

Actor Anupam Kher's remark dismissing a theft of donations at the Ayodhya Ram temple as a 'very minor matter' has revived an old clip of Naseeruddin Shah calling him a 'joker.'

Country has 34 days' fuel reserves

Bangladesh has about 34 days' fuel-oil reserves, but the government fears a fresh closure of the Strait of Hormuz could push up oil and LNG prices and worsen its import and subsidy burden.

6 merchant banks' registration to be cancelled

The Bangladesh Securities and Exchange Commission has begun cancelling the registration of six merchant banks for long failing to maintain the required net capital, and ordered investigations and explanations from several others.

Gold prices lowered again

The Bangladesh Jewellers' Association has cut gold prices by up to Tk 2,216 a bhori, setting the best-quality 22-carat gold at Tk 221,966 per bhori, effective Monday.

IMF praises government's financial reform, political responsibility

Finance Minister Amir Khasru Mahmud Chowdhury said the IMF had respected the government's financial reform and political responsibility, and had agreed on the basis and sequencing of a new loan program after talks with…

Why aren't banks with high defaulted loans being closed?

The IMF has questioned how some banks with defaulted-loan rates above 80 percent continue to operate and why they are not being put into liquidation, in talks with Bangladesh Bank officials on a new…

War pushes oil prices up, Asian shares down

Oil prices jumped and most Asian share indices fell after reports of intensifying Gulf conflict and Iran's claim that it had again closed the Hormuz Strait, with Brent crude rising 4.1 percent to $79.11…

Remittance up 11.6% in first 11 days of new fiscal year

Remittance inflows rose 11.6 percent in the first 11 days of the new fiscal year, with US$191 million arriving between July 9 and 11 alone, Bangladesh Bank said, a trend economists say will help…

Government exiting 'fascist-era' anti-national programs: finance minister

The finance minister said the government was coming out of programs of the 'fascist era' that went against the national interest, as a new visa policy is drawn up and talks continue with an…

Europe weighs a 'navigation fee' for the Hormuz Strait

European countries are considering a proposal for a voluntary 'navigation fee' for shipping in the Hormuz Strait, as Iran, the United States, Europe and Oman differ over whether any toll should be mandatory and…