China has restricted its trade with Taiwan amid elevated tensions over United States House of Representatives Speaker Nancy Pelosi’s visit to the democratically-ruled island. Chinese commerce and customs authorities said on Wednesday they had halted exports of sand, a key

The Executive Committee of National Economic Council (ECNEC) suspended a Tk 236-crore project of Teletalk on commercial introduction of 5-G services in the capital to save dollars on Tuesday (August 2)  The ECNEC meeting was held at the NEC conference room, where Prime Minister

Remittance inflow increased to a fourteen-month high in July which was around 14 percent higher than the previous month of this year.  Bangladesh received $2.09 billion from the migrants overseas in July which was $1.83 billion in June. Remittance flow to Bangladesh also rose

Bangladesh Jeweler’s Association (BAJUS) has urged buyers to buy gold with hallmarks. The leaders of the organisation made the call from the new member recruitment and exchange meeting of Rajshahi unit at Swarnakar Patti of Saheb Bazar in the metropolitan city on Sunday (July

The world renowned Malabar Gold and Diamonds Company has moved to establish a factory in Bangladesh in a bid to export jwellery items. The factory will be established at Madanpur of Narayanganj beside Dhaka-Chattogram highway. Bangladesh Investment Development Authority (BIDA)

The pressure on Bangladesh’s economy is building, even though the nation’s default risk is low, according to Moody’s Investors Service. “The main message is that although foreign-exchange reserves have dropped lately – this is from high levels, and the

India is seeking to change laws to allow private miners to extract lithium, the key ingredient for batteries used for electric vehicles and energy storage, as the nation aims to be more self-sufficient in green technologies. Prime Minister Narendra Modi’s government wants

The dollar price fell slightly in the kerb market against Taka by three to four compared to the previous day. As per today's rate, one dollar was sold between Tk 107.50 and Tk 108.80. This information was reported from the money changers and open market in Dhaka on Wednesday

Bangladesh Bank (BB) has asked banks to reduce the use of electricity and fuel till next June.  According to the central bank, banks have to reduce the consumption of gas and lubricant by 20 percent and electricity by 25 percent in the next one year starting from July this

Bangladesh received US $1642.75 million (1.64 billion) inward remittance till July 21, according to data from Bangladesh Bank.  It means, on average, the expatriates sent $78.22 million in remittance to the country during July 01-21, the opening month of the fiscal year 2022-23.

The government has made the submission of income tax return proof mandatory for investing more than Tk5 lakh taka in savings certificate and opening an account in post office savings bank. The information came from a circular sent from Debt Management Division of the Bangladesh Bank to

In the open market, Taka devalued further against the dollar. One dollar is now being sold at a rate of Tk 104. On Sunday (July 24), Dhaka's money exchangers and traders sold US dollars between Tk 103 and 50 paisa to Tk 104. Officials of the money exchanger companies said that

Currency values fluctuate all the time, but some changes leave a lasting impression on the banking industry. In the Bretton Woods-era of fixed exchange rates, the 1967 devaluation of the British pound was one such seminal event. It made demand for dollars explode in Asia. Out of that

An agreement to restart grain shipments from Ukraine is set to be signed in Istanbul on Friday, Türkiye’s Communications Directorate has said. Turkish President Recep Tayyip Erdogan and UN chief Antonio Guterres will attend the ceremony at the Dolmabahce Presidential Office,

Russia has resumed pumping gas to Europe through its biggest pipeline after warnings it could curb or halt supplies altogether. The Nord Stream 1 pipeline restarted following a 10-day maintenance break but at a reduced level. On Wednesday, the European Commission urged countries to

Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association earlier announced to reduce the price of bottled soybean by Tk 14 to 185 per liter.  The refiners implemented this decision this morning.  A press release signed by Nurul Islam, The executive officer

The government today (July 20) approved separate proposals for procuring some 50,000 metric tons of wheat and some 30,000 metric tons of granular urea fertilizer to meet the growing demand of the country. The approvals came from the 21st meeting of the Cabinet Committee on Government

Commerce Minister Tipu Munshi on Wednesday (July 20) said the government fixed the merchandise export target for the current fiscal year (2022-23) at $58 billion which is 11.36 percent higher than the real export earnings of the last fiscal year (2021-22). The export target from the

After enjoying a long reign as the king of streaming, Netflix faces a tough fight to keep its crown. It lost almost 1m subscribers between April and July, as the number of people quitting the service accelerated. But that was not as many as the streaming giant had feared. Asked

Sri Lanka is in the midst of a deep and unprecedented economic crisis that has sparked huge protests and seen its president quit after fleeing the country - but other countries could be at risk of similar troubles, according to the head of the International Monetary Fund (IMF).