Ngozi Okonjo-Iweala, the first woman and first African to run the World Trade Organization, has been reappointed for a second term, the global trade body said Friday. "WTO members today agreed to give incumbent Ngozi Okonjo-Iweala a second term as director-general of the

The Bangladesh Jewellers Association (BAJUS) has decided to reduce gold prices again in the local market, just 24 hours after the last adjustment.  The price of 22-carat gold has been reduced by Tk2,822 per bhori (11.664 grams), setting the new price at Tk137,554. BAJUS

French oil major TotalEnergies has halted investments in the Adani Group after the Indian ports-to-power conglomerate was engulfed in a crisis over an alleged multimillion-dollar bribery scheme. The move, announced Monday, is the first major fallout from United States

The price of gold has been reduced in the local market following three consecutive hikes.  The price of the 22-carat gold, has been decreased by Tk 1,890 per bhori (11.664 grams), to Tk 1,40,376. Bangladesh Jewellers Association (BAJUS) announced the reduction through a press

Although Sheikh Hasina’s government was overthrown following a student-led and public uprising, and Islami Bank has since been liberated from external influence, its leadership remains unchanged.  Muhammad Monirul Moula continues to serve as the bank's Managing Director

Jewellers in Bangladesh have raised gold prices citing a price hike in the international market. They have increased the price of gold by Tk2,823 to Tk1,42,266 per bhori within a day of hiking the price of pure gold in the local market. The Standing Committee on Pricing and

Commerce Adviser Sheikh Bashir Uddin assured that the interim government will make efforts to make essential commodities more affordable ahead of the upcoming Ramadan.  He made the remarks on Saturday (Nov 23) while attending a program organized to provide education allowances to

The International Monetary Fund (IMF) has approved the third review of Sri Lanka’s $2.9bn bailout but warned that the South Asian island nation’s economy remains vulnerable. The global lender said on Saturday that it would release about $333m, bringing total funding to

Shares in billionaire Gautam Adani's conglomerate sunk again Friday after US charges alleging the tycoon paid more than $250 million in bribes to secure lucrative government contracts rattled investor confidence. Wednesday's bombshell indictment in New York accused Adani and

Founded in 1985 by Mr. Iftekhar Ahmed Tipu, IFAD Group has become a cornerstone of Bangladesh’s business community. Initially focused on stability and growth, IFAD Group now spans multiple industries, including automobiles, lubricants, industrial compressors, food, toiletries,

Bangladesh Jewellers Association (BAJUS) on Thursday (Nov 21) announced another hike of gold prices in the local market, just two days after the last hike, following a four-time consecutive decrease. The price of 22-carat gold has been raised by Tk1,994 per bhori (11.664 grams) to

Bangladesh’s foreign exchange reserves increased by $61 million in a week reaching $18.49 billion under the IMF’s BPM6 calculation method, according to Bangladesh Bank on Thursday (Nov 21). The total reserves, including various funds, now stand at $24.27 billion. Last

The Center for Policy Dialogue (CPD) has suggested a new pricing model for fuel oil in Bangladesh to ensure energy security and support a transition to sustainable energy. The think-tank proposed using an Artificial Neural Network (ANN)-based pricing system to create a fairer and more

The 10th edition of 'Leathertech Bangladesh 2024,' an international trade show for leather, footwear machinery, shoe materials, chemicals, and accessories, began on Thursday at the International Convention City Bashundhara (ICCB) in Dhaka. The three-day event, organized by ASK

Federal prosecutors in New York charged the Indian tycoon Gautam Adani, one of the world’s richest people, with multiple counts of fraud on Wednesday, accusing him and associates of bribing Indian officials and later lying to investors about the scheme. Mr. Adani, who has amassed

Gas supply will be suspended for 12 hours in several areas in the capital on Thursday (Nov 21) due to pipeline replacement work. Titas Gas authorities published a press release in this regard today.  The gas supply disruption will affect the Lalbagh DPDC sub-station and

Commerce Adviser Sheikh Bashir Uddin has said the government will dismantle the market syndicate activities by increasing product supply and enhancing monitoring measures. For this reason, the import duties on essential items such as rice, edible oil, onions, and eggs were reduced, he

Jewellers in Bangladesh have raised gold prices citing a price hike in the international market. They have inflated the price of gold by Tk2,939 to Tk1,37,449 per bhori (11.664 grams) due to a hike in the price of pure gold in the local market. The Standing Committee on Pricing and

The VAT on edible oil at the import stage has been reduced from 10% to 5% to ensure smooth supply ahead of Ramadan amid rising prices in the market. The National Board of Revenue (NBR) issued a notification in this regard on Tuesday (November 19). This reduced VAT rate will remain

Three cash-strapped banks have received liquidity support of Tk 265 crore under a special arrangement by Bangladesh Bank. The liquidity assistance was provided by Dutch-Bangla Bank, City Bank, Pubali Bank, and Eastern Bank Limited, said Bangladesh Bank spokesperson and Executive