Tuesday, 22 Jul, 2025

Business

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

US sets 35% tariff on Bangladesh

US President Donald Trump has announced a 35% tariff on Bangladeshi goods, slightly lower than the 37% rate floated three months ago but far higher than the 20% secured by Vietnam under a new trade deal. Trump revealed the decision on his Truth Social account early Tuesday Bangladesh

Food prices ease: Inflation hits 8.48% in Bangladesh

Bangladesh’s overall inflation dropped to 8.48 percent in June 2025, marking the lowest rate in nearly three years, according to the latest data released by the Bangladesh Bureau of Statistics (BBS) on Monday (July 7). The inflation rate was 9.05 percent in May. The last time

Integrity needed from political leaders to prevent financial sector looting

Bangladesh Bank (BB) Governor Dr Ahsan H Mansur on Monday (July 7) said that political interference in the past has exposed the country’s financial sector to risks, and called on political leaders to act with integrity to prevent future looting. He made the remarks during a press

Forex reserve soars to record $31b

Bangladesh's foreign currency reserves crossed the $31 billion mark at the end of June, driven by a record flow of remittance in the 2024–25 fiscal year. Bangladesh Bank (BB) in this regard published data on Tuesday. According to BB country’s current total foreign

BRAC Bank congratulates Banglanews24 on 15th anniv

BRAC Bank has extended warm congratulations to Banglanews24.com, one of the country’s leading online news portals, on its anniversary. A team from BRAC Bank visited the Banglanews24 office on Tuesday morning to offer their greetings.  The team was led by Ikram Kabir, Head

Remittance hits $2.54B in first 28 days of June

Bangladesh received $2.54 billion (Tk 31,233 crore) in remittance during the first 28 days of June, according to data by the Bangladesh Bank (BB) on Sunday (June 29). According to BB the country received $90.69 million in remittance daily during this period. In comparison, the daily

Gold price drops again

Gold prices in the local market have dropped again, with the Bangladesh Jeweller's Association (Bajus) reducing the price of 22-carat gold by Tk2,624 per bhori. With the latest cut, the price now stands at Tk170,236 per bhori, effective from Sunday, Bajus said in a statement last

Gold prices drop

Jewellers in Bangladesh have reduced the price of gold by Tk1,668, setting the new rate at Tk1,72,860 per bhori (11.664 grams), after a decrease in tariffs on pure gold. The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association (BAJUS) made

Google Pay now in Bangladesh

Global digital payment platform Google Pay has officially launched its operations in Bangladesh, with City Bank PLC introducing the service in partnership with Google, Mastercard, and Visa. The inauguration ceremony was held on Tuesday at the Westin Dhaka, where Bangladesh Bank

Evaly CEO gets 3 months jail in cheque fraud

A Satkhira court has sentenced Evaly Chief Executive Officer Mohammad Rassel to three months in jail in a cheque fraud case.  He was also fined equal amount to the value mentioned in the dishonoured cheque. The verdict was delivered by Judge Md Habibur Rahman of Satkhira Joint

Govt to import LNG, 30,000MT fertilizer

The government today approved proposals to import one cargo of LNG and 30,000 metric tons of fertilizer to meet rising national demand. The decision came during the 23rd meeting of the Advisers Council Committee on Government Purchase (ACCGP), chaired by Finance Adviser Dr Salehuddin

No immediate fuel price hike, says Finance Adviser 

Finance Adviser Dr Salehuddin Ahmed said Tuesday (June 17) that Bangladesh has no immediate plans to raise fuel prices, despite the ongoing Iran-Israel conflict which has triggered concerns over global energy markets. He said, “For now, we are observing. If the war continues for