Tuesday, 12 Aug, 2025

Business

Bangladesh Bank to reconstruct loans for crisis-hit businesses: Governor

Bangladesh Bank Governor Dr Ahsan H. Mansur has said the central bank is working to restructure loans for businesses affected by the Covid-19 pandemic, economic downturn, and political unrest. Speaking as a special guest at a Centre for Policy Dialogue (CPD) discussion in Dhaka on

BRAC Bank strengthens engagement with remittance recipients across Bangladesh

BRAC Bank recently organised a series of customer engagement programmes with remittance beneficiaries in multiple districts across the country. The sessions, held in remittance-prone districts of Sunamganj, Brahmanbaria, Narsingdi, Chandpur, Sylhet and Cumilla, are part of the

Trump opens the door for crypto, private equity in your 401(k) retirement plan

President Trump on Thursday signed an executive order that could allow millions of Americans saving for retirement through 401(k) accounts to invest in higher-risk private equity and cryptocurrency assets. The executive order doesn't immediately change how people will invest for

Bangladesh’s forex reserves now $30.8 billion

Bangladesh’s foreign currency reserves have risen to USD 30.8 billion, according to Bangladesh Bank on Thursday (August 7). According to the central bank, the net reserves—calculated under the IMF’s Balance of Payments and International Investment Position Manual

12kg LPG cylinder price slashed by Tk91

The Bangladesh Energy Regulatory Commission (BERC) has reduced the retail price of liquefied petroleum gas (LPG) by Tk91 per 12kg cylinder, setting the new price at Tk1,273, effective from Sunday evening (Aug 3). The BERC announced the new price today.  The price of

Tariff impact manageable compared to competitors: BGMEA president

The United States has reduced its reciprocal tariff on imports from Bangladesh from 35 percent to 20 percent, bringing some relief to the country’s export sector amid global trade uncertainties. The announcement was made in a White House statement issued Friday (August 1),

Bangladesh preserves its global competitive position: Khalilur Rahman

National Security Adviser Khalilur Rahman has said that Bangladesh has successfully averted a potential 35 percent retaliatory tariff, calling it welcome news for the country’s garment sector and the millions who depend on it. He said, “We have managed to preserve our

US signals possible reduction in tariffs on Bangladesh

The United States has indicated a possible reduction in the 35% reciprocal tariffs currently imposed on Bangladeshi exports, Commerce Secretary Mahbubur Rahman said on Tuesday (30 July). A productive discussion was held with US officials on 29 July, as outlined in the agenda, he said

Sarah Cooke, Lutfey Siddiqi visit Bangladeshi factory exporting to UK

British High Commissioner to Bangladesh Sarah Cooke and Special Envoy to the Chief Adviser Lutfey Siddiqi today visited Cupcake Exports, a soft toy manufacturer that exports to the UK. During the visit, the High Commissioner and the Special Envoy saw the production of toys and spoke to

Brazil seeks trade and economic agreement with Bangladesh

Gabriel Galípolo, President of Brazil’s central bank, has expressed interest in establishing a trade agreement aimed at enhancing bilateral commercial and economic relations with Bangladesh.  He conveyed this intention following his first official meeting with Dr. Md

Gold prices drop

The price of 22-carat gold will decrease by Tk1,574 per bhori from Friday due to a decline in local market rates, the Bangladesh Jeweller's Association (BAJUS) announced on Thursday. The price cut comes after back-to-back hikes on Wednesday and Thursday. With the new adjustment,

No action to be taken compromising national interest: Adviser

Commerce Adviser Sheikh Bashir Uddin has said that no action will be taken that undermines Bangladesh’s national interest, in light of the United States’ imposition of a 35 percent tariff. He made the remarks on Thursday (July 24) while responding to questions from

Dollar price falls in banks, remains high in open market

Despite the recent decline in the official bank rate for the US dollar, the open market in Dhaka continues to sell the currency at a higher rate, highlighting a growing disparity between institutional and street-level transactions. While the bank exchange rate for the US dollar has

Remittance inflow in Bangladesh rise in July

Bangladesh received USD 1.071 billion (Tk13,173 crore) in remittance during the first 12 days of July, according to data released by Bangladesh Bank (BB) on Sunday (July 13). In the first 12 days of July last year, the country had received USD 948 million in remittance. This means

Trump issues new 30% tariffs on EU and Mexico

In a dramatic escalation of trade policy, U.S. President Donald Trump has announced sweeping 30 percent tariffs on all goods imported from Mexico and the European Union, effective August 1.  The move follows failed negotiations with both blocs to secure broader trade agreements.

Bangladesh-US tariff talks to continue

Bangladesh and the United States have made partial progress in resolving tariff-related issues during the second round of bilateral talks, but several matters remain pending, officials confirmed on Saturday (12 July). The three-day discussions concluded with both sides agreeing to

Commerce adviser, US trade chief hold tariff talks

Commerce Adviser Sk Bashir Uddin met US Trade Representative Ambassador Jamieson Greer at his Washington DC office on Thursday at 11am local time.  They discussed strengthening Bangladesh-US trade ties, commerce, and the ongoing tariff negotiations. Both sides pledged to work

Amirul Haque elected president of cement association

Mohammed Amirul Haque, Managing Director of Premier Cement Mills PLC, has been elected President of the Bangladesh Cement Manufacturers Association (BCMA) for the 2025–2026 and 2026–2027 terms.  He succeeds outgoing president Alamgir Kabir. Amirul Haque is

Bangladesh, US begin 2nd round of tariff talks in Washington

The second round of negotiations between Bangladesh and the United States on the proposed Agreement on Reciprocal Tariff begins today (July 9), with high-level delegations from both countries meeting in Washington DC. The talks, scheduled for July 9–11, follow an official

US pauses tariff hikes, warns of new rates for key trade partners

President Donald Trump has postponed the implementation of steeper tariffs on U.S. imports, providing a temporary reprieve for global trade partners, but he simultaneously unveiled new tariff rates targeting 14 countries—including Japan, South Korea, and Bangladesh. The deferral