Syed Ahmed Maroof, the High Commissioner for Pakistan in Bangladesh, today (Nov 18) underscored the growing importance of economic diplomacy in modern international relations. He made the remark while speaking at the Bay of Bengal Conversation 2024, hosted by Dhaka. Addressing the

The appointment of receivers to industrial enterprises in Bangladesh, often as a response to various disputes, has frequently led to detrimental outcomes. Instead of recovering, many well-established industrial groups have deteriorated into struggling entities under such management. In

Bangladesh received $1.2551 billion in remittance during the first 16 days of November, according to data released by Bangladesh Bank on Sunday (Nov 17).  The data shows an average daily remittance inflow of $78.445 million during this period, compared to $79.836 million per day

Default loans in Bangladesh’s banking sector reached Tk2.85 lakh crore by the end of October, marking the highest in the country’s history.  The share of default loans also hit a 16-year high of nearly 17%.  The rise is attributed to regulatory violations

The Korea-Bangladesh Chamber of Commerce and Industry (KBCCI), in collaboration with the Peaceful Unification Advisory Council (PUAC), successfully organized the Annual Art Competition on Saturday (November 16), at Gulshan Club, Dhaka from 10am to 1pm. Like every year, the event

Abdur Rashid, owner of Rashid Agro Food Products Ltd, was arrested in Kushtia town on Saturday afternoon. He was detained in the Mojompur area around 5 pm in connection with a fraud case. Kushtia Model Police Station's Officer-in-Charge (OC) Shihabur Rahman Shihab confirmed the

As the world waits to see how the return of Donald Trump will reshape relations between Washington and Beijing, China has just taken decisive action to entrench its position in Latin America. Trump won the US presidential election on a platform that promised tariffs as high as 60% on

As China and Peru launched South America’s first Beijing-funded port in Chancay, Peru, on Thursday, the United States called on Latin American nations to be vigilant. The $3.5-billion complex, located 80 kilometers north of Lima, is meant to serve as a major hub for Chinese trade

With multiple pressures mounting on businesspeople and industrial entrepreneurs, new investments in the country have slowed significantly. High-interest bank loans, energy shortages, concerns over law and order, among other issues, have paralysed production systems. Additionally, in

The price of gold has been reduced again in the domestic market on Tuesday (Nov 12). The price of 22-carat gold, has been reduced by 2,519 taka per bhori (11.664 grams), setting the new price at 136,189 taka. This decision to lower the price was made during a meeting of the

To eliminate discrimination in the country, business opportunities should be increased, and in the existing situation, a favourable environment should be created to do business well, said businesspersons at an economic conference on Monday. At the “Third Bangladesh Economic

The Bangladesh Bank (BB) and its Financial Intelligence Unit (BFIU) have clarified that they cannot appoint a receiver for any business without following a lengthy and established procedure. Despite recent media reports citing BFIU, claiming that receivers have been appointed for

Eggs will be sold at an affordable price in 13 locations of the two city corporations of Dhaka from today (Nov 10).  Md Alim Akhter Khan, director general of the Directorate of National Consumers’ Right Protection (DNCRP) said this on Saturday (Nov 9) while addressing a

Bangladesh Jeweller’s Association (BAJUS) on Saturday demanded the arrest and exemplary punishment of those who were involved in the murder of a jeweller in Lakshmipur. The miscreants on a motorcycle stabbed a gold trader, Hira Lal Debnath, to death while he was heading home on a

Eggs will be sold at an affordable price in 13 locations of the two city corporations of Dhaka from Sunday (Nov 10).  Md Alim Akhter Khan, director general of the Directorate of National Consumers’ Right Protection (DNCRP) said this today while addressing a programme at the

The Bangladesh power board has issued a fresh letter of credit (LC) worth $173 million (over Rs 1,450 crore) to Adani Power for continuous power supply, according to people aware of the development. The move comes after Adani Power cut electricity supplies by half and threatened to stop

Japanese automaker Nissan on Thursday announced 9,000 job cuts as it slashed its annual sales forecast, saying it was taking urgent measures to tackle "a severe situation". The company reported a 93 percent plunge in net profit in the first half as CEO Makoto Uchida told

The Bangladesh Jewellers Association (BAJUS) announced a reduction in gold prices on Thursday (November 7). According to a press release, jewelers have lowered the price of gold by Tk3,453 to Tk1,38,708 per bhori (11.664 grams) amid a tariff drop on pure gold in the local market.

India's allocation of aid to Bangladesh for 2024-25 has dipped while that to Sri Lanka and Nepal has gone up, as per details shared by the government with a parliamentary panel. In 2023-24, India had budgeted ₹200 crore as aid to Bangladesh but could spend only ₹120 crore and for

Bangladesh is ramping up payments to Adani Power after the Indian conglomerate cut electricity supplies by half, reportedly over an unpaid $800m bill. Two senior government officials told the BBC they are already processing partial payments to Adani, which supplies 10% of the