Friday, 11 Apr, 2025

Business

Trade through Banglabandha land port stays normal

Despite India’s withdrawal of the transshipment facility, trade between Bangladesh, India, Nepal, and Bhutan through the Banglabandha land port has remained unaffected. On April 9, India officially cancelled the transshipment facility, which had previously allowed Bangladesh to

Gold price hits new record in Bangladesh again

The price of gold in Bangladesh has hit a new record once again, rising by Tk 2,403 per bhori (11.664 grams) to Tk 1,59,027.  The Bangladesh Jewellers' Association (BAJUS) announced the new price on Thursday (April 10). The decision was taken by the members of the Standing

Pakistani firm Engro Holdings keen to invest in Bangladesh

Abdul Samad Dawood, Chief Executive Officer of Engro Holdings from Pakistan, met with Bangladesh’s Chief Adviser Professor Muhammad Yunus today at the State Guest House Jamuna, where they discussed potential investment areas in Bangladesh. During the meeting, the Engro CEO shared

Trump eases back from brink of global trade conflict

After days of steadfastly defending his decision to implement extensive "reciprocal" tariffs on numerous countries, Donald Trump and his administration have now stepped back, announcing a pause on the planned tariff hikes.  This shift came after news surfaced that the

Square Pharmaceuticals PLC receives excellence in Investment Award 2025

Square Pharmaceuticals PLC has received the Excellence in Investment Award 2025 under the Local Investment category at the inaugural Bangladesh Investment Summit. The award was presented by the Bangladesh Investment Development Authority (BIDA) in recognition of the company’s

Finnish firms keen to expand business with Bashundhara Group

Finnish companies are looking to broaden their business engagement with Bashundhara Group, focusing on key sectors including engineering, technology, energy, and sustainable development, Finland's ambassador to Bangladesh said on Wednesday (April 9). “Bashundhara Group

India slashes rates as Trump tariffs threaten economic growth

India’s central bank has cut interest rates by 0.25 percentage points, citing growing concerns over the global economic impact of US President Donald Trump’s new tariffs. The Reserve Bank of India (RBI) reduced its key repo rate — the rate at which it lends to

ShopUp, Sary merge to launch SILQ with $110m investment

Gulf-based B2B commerce leader Sary is joining forces with ShopUp, Bangladesh’s most capitalized startup, in a landmark merger aimed at facilitating the entry of Bangladeshi goods into the Saudi market. Both companies specialize in connecting micro, small, and medium-sized

Bangladesh Bank hopeful about release of IMF tranches

A delegation from the International Monetary Fund (IMF) is currently in Dhaka to review the government’s reform progress as part of the fourth and fifth installments of the $4.7 billion loan.  Following a meeting with Bangladesh Bank on Tuesday (April 8), the central

South Korean investors eye major investments in Bangladesh

South Korean investors are poised to make substantial investments in Bangladesh, following the interim government’s recent initiatives to foster a more favourable climate for foreign investment. This development was revealed during a meeting between a delegation of South Korean

Reducing trade deficit top priority, says Commerce Adviser

Commerce Adviser Sk Bashir Uddin said on Tuesday that since Bangladesh’s key focus is on narrowing the trade deficit, steps have already been taken to expand duty-free access for local products in the United States. Sk Bashir Uddin also said that a formal request had been sent to

Foreign investors visit Araihazar Special Economic Zone 

A group of foreign investors visited the Bangladesh Special Economic Zone (BSEZ) in Araihazar, Narayanganj today (April 8), marking the second day of the Bangladesh Investment Summit 2025. As part of the visit, Swedish company Nilorn’s local unit, Nilorn Bangladesh Limited,

European markets tumble as Hong Kong suffers worst drop 

European stock markets opened with steep losses, mirroring a wave of sell-offs across Asia.  Germany’s DAX index plunged nearly 10% in early trading before clawing back some ground, while London’s FTSE 100 dropped close to 6%. In Asia, Hong Kong’s Hang Seng

Bangladesh Investment Summit 2025 kicks off today

The four-day Bangladesh Investment Summit 2025 begins today, spotlighting the country’s dynamic investment landscape and recent economic reforms. Designed to promote Bangladesh’s investment prospects and structural changes in the post-July revolution era, the summit also

Bangladesh records $3.29 billion remittances in March

Bangladesh received a record $3.29 billion in remittances in March, crossing the $3 billion mark in a single month for the first time, according to Bangladesh Bank report.  This is a 65% increase compared to the same month last year. According to the Central Bank, the

Musk proposes US-Europe 'free trade zone'

Elon Musk has voiced support for creating a tariff-free trade zone between the United States and Europe, calling for the elimination of trade barriers to boost economic cooperation. The tech entrepreneur and adviser to US President Donald Trump made the remarks during a video

No worry over US tariff: Khalilur Rahman

Chief Adviser’s High Representative on the Rohingya Issue and Priority Matters, Khalilur Rahman, has said there is no reason for concern over the US tariff issue, assuring that the situation is under control. "We are in contact with the US administration. We are prepared...

US stocks hit hardest week since 2020 as Trump's tariffs take effect

US stock markets have endured their most challenging week since 2020, as the global economy reels from the impact of Donald Trump’s new tariff policies.  All three major Wall Street indexes experienced a drop of more than 5%, marking a significant downturn in market

Touhid urges stronger regional trade through BIMSTEC FTA

Foreign Affairs Adviser Md Touhid Hossain today (April 3) underscored the importance of practical and outcome-driven cooperation among BIMSTEC member states, with a particular focus on accelerating intra-regional trade through the effective implementation of the BIMSTEC Free Trade Area

Bangladesh's trade deficit narrows by 4.41pc in first 8 months 

Bangladesh’s trade deficit has decreased by 4.41% during the first eight months of the current fiscal year (July-February), reflecting a positive shift in the country’s foreign trade balance.  The reduction is largely attributed to a rise in remittance flows and export