Oil rose above $80 on Monday on Middle East tensions while equities slid in New York as political and interest rate concerns dented the recent rally. Brent North Sea crude, the international benchmark oil contract, went above $80 per barrel for the first time since late August. Oil

Muklesur Rahman, Chairman of the newly formed Executive Committee of National Bank’s Board of Directors, is tasked with the critical responsibility of reviving the financial stability of the debt-laden bank.  In an interview, Rahman reflects on the banking sector's

The business community has expressed growing insecurity amid ongoing labour unrest and economic instability, calling for the immediate restoration of law and order. At a roundtable organised by the Dhaka Chamber of Commerce and Industry (DCCI), business leaders urged the government to

Nurul Haque Nur, president of a faction of Gono Odhikar Parishad, said that the authorities have to give a portion of the profit to the workers of the respective factories. He said: “The owner will gain sky high while the workers die of hunger, this will not be allowed. There

The culture of loan defaults in the country, which has become widespread, can be significantly curbed through the proper application of Islamic banking. Specifically, it can help prevent fund diversion and money laundering. Islamic banking is operated on the basis of moral principles.

Large industrial groups in the country are comprised of multiple companies, each with several directors. However, if even one director unintentionally becomes a loan defaulter, the entire group of companies is at risk. When a director’s Credit Information Bureau (CIB) report reveals

Oil prices jumped about 4% on Tuesday after Iran fired a salvo of ballistic missiles at Israel in retaliation for Israel's campaign against Tehran's Hezbollah allies in Lebanon. Alarms sounded across Israel and explosions could be heard in Jerusalem and the Jordan River valley

The United Kingdom's (UK) biggest steelworks has shut down production after more than 100 years, leading to thousands of job losses across South Wales. Blast Furnace 4 - the final furnace operating at Tata Steel's plant in Port Talbot - was fully closed down in the afternoon,

Jewellers have lowered the price of gold by Tk1,260 to Tk1,37,448 per bhori (11.664 grams) in the local market amid a tariff drop on ‘pure gold’. The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the decision

After more than a year, India lifted the ban on the export of non-basmati white rice with immediate effect and reduced the export duty on parboiled rice to 10% from 20%, PTI reported quoting an official notification. The ban by one of the world’s largest exporters of rice was

Chief Adviser Professor Muhammad Yunus on Thursday said his government is committed to improving business environment in Bangladesh through reforms, seeking businessmen’s partnership in the country’s new voyage. “No country is perfect. Neither is Bangladesh.

Chinese Foreign Minister Wang Yi has said his country wants to invest in solar panels manufacturing in Bangladesh and further deepen trade and economic ties with Bangladesh. He made the announcement when he called on Bangladesh Chief Adviser Prof Muhammad Yunus on the sideline of the

Jewellers in Bangladesh have raised the price of gold by Tk3,044 to Tk1,38,708 per bhori (11.664 grams), making a new record for the inflating price of the yellow metal in the market. The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association

The permanent office of Bangladesh Jewelers Association (BAJUS) has been inaugurated in Moghbazar of Dhaka on Tuesday (Sep 24). The new adress of this jewellers body (BAJUS) has been inaugurated by its executive committee members. New Address of the BAJUS is - 15, New

A large quantity of gold is entering Bangladesh from Middle Eastern countries and being smuggled into India through 30 border districts. Since Bangladesh has become a safe transit route for smuggling, both domestic and international smuggling networks are using it. This is causing the

Jewellers in Bangladesh have raised the price of gold by Tk2,613 to Tk1,35,664 per bhori (11.664 grams), making a new record for the inflating price of the yellow metal in the market. The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association

A significant price gap between diesel and petrol in Bangladesh and India has allegedly fuelled an ongoing smuggling operation, according to a recent investigation. The difference of Tk22-25 per litre between Kolkata in India and Dhaka in Bangladesh has created an opportunity for

President of China Xi Jinping has announced that China will voluntarily and unilaterally open its market wider, and has decided to give all LDCs having diplomatic relations with China, including 33 countries in Africa, zero-tariff treatment for 100 per cent tariff lines. The

Md Hanif Islam, a resident of Pabna, participated in the “Who will win Repsol Bike” campaign by registering his name through the e-wallet pocket of ABG Bashundhara and was fortunate to win a Repsol bike. Bashundhara Group, one of the country’s leading business

Bangladesh is facing a significant economic crisis due to the rampant gold smuggling from Middle Eastern countries. Both local and international, smugglers use Bangladesh as a transit route, primarily smuggling gold through 30 border districts to India. This illicit trade is costing