Bangladesh’s exports may rise as Trump considers tariffs on China, says top businessman

"The imposition of higher tariffs on Chinese goods by the Trump administration could prompt international businesses and investors to turn to Bangladesh," Ahsan Khan Chowdhury, chairman of Pran-RFL Group, said today

Long-term tax exemption beneficiaries still seeking additional benefits: finance adviser

He also emphasises a shift away from dependency culture 

BFIU asks banks to provide account details of Hasina, Rehana

The anti-money laundering agency also seeks banks details of Bangabandhu Sheikh Mujibur Rahman Memorial Trust 

Stocks up in morning trade  

Total turnover stood at Tk 80.31 crore

BB to keep policy rates unchanged as panel suggests shift from crawling peg

A high-powered panel of the Bangladesh Bank (BB) decided to maintain the policy rate at 10 percent until the inflation comes down to a desired level and also spoke about moving away from the crawling peg and letting market forces determine the US dollar exchange rate.

Offshore gas exploration fails to attract foreign firms

Seven global oil and gas companies purchased tender documents for gas exploration in the Bay of Bengal, but none submitted the papers within the deadline, which ended yesterday.

All sides for 9% raise in minimum garment wage

A state-run annual increment and wage review committee yesterday recommended that the government raise the minimum wage of garment workers by 9 percent.

China probes Nvidia for 'violating' anti-monopoly law

Nvidia is also suspected of violating commitments it made in 2020, the statement said, when it acquired Israeli data center firm Mellanox

China’s inflation weakens as new risks cloud horizon

China’s consumer inflation hit a five-month low in November as fresh food prices pulled back while factory deflation persisted, suggesting Beijing’s recent efforts to shore up faltering economic demand are having only limited impact.

Economy

Economy

NBR conducts drive at resort of ex-DB chief’s relatives

The National Board of Revenue’s (NBR’s) Central Intelligence Cell (CIC) yesterday conducted a drive at “President Resort” in Kishoreganj, around 100km north of the capital.

14h ago

What exactly were global institutions overseeing?

Noted economist Debapriya Bhattacharya raised concerns about the role of global institutions, indicating the International Monetary Fund (IMF) and the World Bank (WB), in assessing Bangladesh's debt sustainability under the previous regime as the country faces increasing pressure from escalating debt servicing obligations.

15h ago

Bangladesh has 1.22cr economic enterprises

There are 1.22 crore economic enterprises across the country, according to the Bangladesh Bureau of Statistics (BBS)..Among them, 76 lakh are business establishments and 46 lakh are economic units, the national statistics agency found during the primary mapping ‍and listing work for the co

17h ago

DSE’s turnover continues to tumble

Stock trading in Bangladesh has slowed in recent months as most investors are not placing fresh bets considering the market’s bleak outlook amid ongoing economic uncertainties. As such, daily turnover of the Dhaka Stock Exchange (DSE) plunged by 5.02 percent to Tk 279 crore yesterday, mark

17h ago

Edible oil prices up by Tk 8 per litre

The government yesterday raised the retail prices of soybean and super palm oils by Tk 8 per litre. Bottled soybean oil price was set at Tk 175, and loose soybean oil and super palm oil at Tk 157.

17h ago

NBR to cut tax exemptions once economy improves: chairman

The government will rationalise tax exemptions once the country’s economic situation improves to some extent, according to National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan.

17h ago

Bangladeshi garment workers at risk from extreme heat: study

Workers in some of the world’s biggest garment manufacturing hubs in Bangladesh, Vietnam, and Pakistan are increasingly exposed to extreme heat as climate change pushes temperatures up, a report found on Sunday, a problem multinational retailers and brands will have to help address.

17h ago

No overnight cure for ailing financial sector

There is no overnight cure for the deep-rooted challenges facing the country’s banking sector, Abdul Awal Mintoo, former president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), said yesterday.

17h ago
Global Economy

Global Economy

China export surge slows as leaders eye economic revamp

Exports jumped 6.7 percent on-year to $312.3 billion last month, China's General Administration of Customs said.

6h ago

ECB to cut rates again amid bleak eurozone outlook

The European Central Bank is expected to cut interest rates again this week amid a darkening outlook, with political turbulence in the eurozone's two biggest economies adding to the troubled picture.

15h ago

Extreme heat puts garment factory workers at risk, study shows

In Dhaka, Hanoi, Ho Chi Minh City, Phnom Penh and Karachi, the number of days with "wet-bulb" temperatures - a measurement that accounts for air temperature as well as humidity - above 30.5 degrees Celsius jumped by 42% in 2020-2024 compared to 2005-2009, researchers at Cornell University's Global Labor Institute found

1d ago

China consumer prices rise at slower rate in November

The consumer price index (CPI), a key measure of inflation, rose 0.2 percent in November year-on-year, down from 0.3 percent in October, the National Bureau of Statistics (NBS) said

1d ago

Chinese premier warns world financial leaders of 'deglobalisation' risks

Premier Li Qiang made the remarks in his opening speech at a summit attended by the top leaders of organisations including the International Monetary Fund, the World Trade Organisation and the World Bank.

1d ago

Rattled by China, West scrambles to rejig critical minerals supply chains

China’s trade restrictions on strategic minerals are starting to hit Western companies where it hurts.

1d ago

UK employers cut growth forecasts as tax hikes weigh on economy

Growth in 2025 is now seen at 1.6 percent, the Confederation of British Industry (CBI) said, down from a projection of 1.9 percent made in June

2d ago

US clean energy, defense to be impacted by China export curbs

Beijing announced this week it would ban exports of gallium, germanium and antimony to the United States, targeting materials used for everything from semiconductors to solar cells

2d ago
Organisation News

Organisation News

Walton gets Tk 350cr orders at ATS Expo

Walton received orders worth around Tk 350 crore from various local and foreign companies at the “Advanced Technology Solution-ATS Expo 2024”, the country’s sole industrial expo organised by tech-giant Walton..SM Mahbubul Alam, managing director of Walton Hi-Tech Industries, provided the d

1d ago

Moynul Islam made president of BCMEA

Moynul Islam, vice-chairman of Monno Ceramic Industries, was selected as the acting president of the Bangladesh Ceramic Manufacturers and Exporters Association (BCMEA) yesterday..The election was held during the 51st board meeting of BCMEA at a hotel in the capital, the association said in

1d ago

Prime Bank Investment honoured with global award

Prime Bank Investment Limited (PBIL) was awarded the “Excellence in Mergers & Acquisitions Advisory – Bangladesh” by Boston Brand Research & Media (BBRM), a globally recognised consulting and media organisation, at the Global Brand Frontier Awards 2024..Supported by renowned institutions s

2d ago

FICCI partners with govt to attract global investors

The Foreign Investors’ Chamber of Commerce & Industry (FICCI) will collaborate with the government to attract international investors and expand business opportunities in the country, its President Zaved Akhtar said at a programme yesterday..He made the remarks during FICCI’s 61st annual g

4d ago

Asif Bhuiyan becomes new CEO of AK Khan & Company

AK Khan & Company Ltd, a Chittagong-based business conglomerate, has appointed Asif Bhuiyan as its new group chief executive officer (CEO)..Before joining AK Khan & Company, Khan held several leadership roles in leading multinationals like LafargeHolcim, Unilever and British American Tobac

4d ago

Bangladesh Travel and Tourism Council elects office bearers

Kazi Wahidul Alam, editor of the Bangladesh Monitor, and Masud Hussain, managing director of Bengal Tours Ltd, were elected as president and secretary respectively of the newly launched Bangladesh Travel and Tourism Council (BTTC)..The election took place at the first general meeting of th

4d ago

Banks asked to provide loan info of Thermax Group

The Bangladesh Bank has asked lenders in the country to provide detailed information on all the loans and liabilities of companies operated by Thermax Group..The banks have been asked to provide the information by Wednesday. There are more than a dozen companies under the group that produc

5d ago

UK's Better Health in Bangladesh achieves milestone in public health

The British High Commission Dhaka and UNFPA Bangladesh, along with key implementing partners, celebrated the successful completion of the £65 million Better Health in Bangladesh (BHB) programme at an event held at Pan Pacific Sonargaon Hotel recently

5d ago
Business Multimedia

Business Multimedia

Food prices stubbornly high despite govt measures

When prices of widely consumed staples like potatoes, edible oil, sugar or onions spike and remain inflated for extended periods, it understandably hits the poor and low-income people where it hurts the most: in their wallet.

Remittance rises 21% in October

Migrant Bangladeshis sent home $2.39 billion in October

Potato price shoots up

The price of potatoes has begun an upward climb in the market

92 thousand crores or more siphoned out in 15 years?

Based on the compilation of media reports on bank scams between 2008 and 2023, CPD said as much as 92 thousand crores of taka have been siphoned out of the banking sector in the last fifteen years

Is Bangladesh going towards a deep economic crisis?

How can Bangladesh avoid the economic crisis to deepen further?

BYD on track to top 2024 sales goal

China’s top electric vehicle maker BYD gained market share as the world’s largest auto market recorded its fastest-growing month in 2024, setting BYD up to exceed its global annual sales goal and overtake Ford and Honda.

17h ago

Rupee tipped to drift lower

The Indian rupee is likely to open slightly lower on Monday as expectations surrounding the incoming Trump administration’s policies keep the dollar well-bid despite heightened hopes of a Federal Reserve rate cut this month.

17h ago

AB Bank launches internet banking app

AB Bank launched an internet banking app named “AB Direct" and introduced four new products in the market..Using the new app, AB Bank’s customers can now enjoy banking services from anywhere and everywhere..Alongside that, four new products, AB Ilham, AB Amani, Kotipoti Deposit Schem

21h ago

Tax cuts yield limited impact on rising commodity prices: NBR chairman

Egg, sugar prices became cheaper to some extent, not other commodities, he says

21h ago

Gold price hiked again, will cost Tk 138,393 per bhori

In July last year, the price of gold crossed the Tk 100,000-mark for the first time.

21h ago

Citizens Bank organises ‘Annual Risk Conference-2024’

Citizens Bank recently organised an “Annual Risk Conference – 2024” at its head office in the capital’s Motijheel..Mohammad Masoom, managing director and chief executive officer of the bank, presided over the conference, the lender said in a press release..Divisional heads, branch ma

21h ago

Midland Bank, Chaldal.Com sign MoU on discount benefits

Midland Bank PLC recently signed a memorandum of understanding (MoU) with chaldal.com, the largest online grocery retail platform in Bangladesh..The online grocery retailer has more than 50,000 subscribers and 200-plus business customers across Dhaka..Iftekharul Alam, chief operating

21h ago

BRAC Bank to provide cash management solutions to Seven Rings Cement

BRAC Bank has signed an agreement with Seven Rings Cement to deliver a suite of comprehensive cash management solutions designed to optimise its financial operations..As part of this collaboration, the cement producer will benefit from the bank’s cutting-edge CORPnet platform, a digital ca

21h ago

No foreign firm shows interest in Bay of Bengal gas exploration

Seven purchased tender documents, but none submitted papers finally

23h ago

Stocks gains in early trade 

Total turnover stood at Tk 63.87 crore. 

1d ago