America's gross national debt exceeded US$31 trillion (S$44 trillion) for the first time on Tuesday, a grim financial milestone that arrived just as the nation's long-term fiscal picture has darkened amid rising interest rates. The breach of the threshold, which was revealed in

A Dhaka court today (Oct 04) allowed 30 more working days for Criminal Investigation Department (CID) for submitting its report in the case lodged over Bangladesh Bank (BB) reserve heist that took place in 2016. Dhaka Metropolitan Magistrate Arafatul Rakib passed the order as

The price of bottled soybean oil has been reduced by Tk 14 per litre to Tk 178. The Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association announced the reduction in the price of soybean oil, says a press release on Monday. According to the release, the new rate

Bangladesh’s electronics giant Walton is currently exporting ‘Made in Bangladesh’ labeled Television sets to over 30 countries after meeting the local demand.  With successful market expansion in the European countries, Walton has been exporting TV sets to

Bangladesh Energy Regulatory Commission (BERC) has adjusted the price of liquefied petroleum gas (LPG) reducing by Tk 35 per 12kg cylinder to Tk 1,200.   The new price rate will come into effect from 6pm today, BERC Chairman Abdul Jalil announced at a virtual press

Bangladesh Jeweller's Association (BAJUS) has decided to keep close all jewellery shops across the country on Monday marking the Maha Ashtami. The Hindu community of the country will celebrate the Maha Ashtami on Monday on the third day of the five-day Durga Puja. The

A Dhaka court today (Oct 2) asked the Criminal Investigation Department (CID) to submit its probe report later this year on November 16 in a case filed for a $101m heist from Bangladesh Bank. The fixing of the new date deferred the probe report submission for the 67th time.

Bengal Group of Industries Vice Chairman and President of FBCCI Md Jashim Uddin received prestigious honour from New York State Assembly on September 24. Md Jashim Uddin received the honour at an event “Celebrating 50 years of relations between the United States and

New coins featuring the portrait of King Charles have been revealed, with a 50p carrying his image entering general circulation within weeks. BBC News was given a first glimpse of the 50p and a commemorative £5 Crown which include an image of the King by British sculptor Martin

A global cloud communication company Infobip, and a leader in Omni channel engagement, hosted an exclusive live event ‘Omni channel Customer Experience for Maximizing Business Growth’ at The Westin Dhaka.  The event brought together distinguished industry leaders from

Indian private airlines company Indigo Air is again going to start flights on the Dhaka-Hyderabad route this November. The Authority of Indigo Air informed this in a notification on Wednesday (Sep 28). The company will run flights on this route three days a week, said the

Russia’s war in Ukraine and the lingering effects of the COVID-19 pandemic are dragging down global economic growth more than expected and driving up inflation that will stay high into next year, the Organization for Economic Cooperation and Development said Monday in a darkening

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Md Jashim Uddin has received prestigious "Honor" from New York State Assembly, the lower chamber of the New York State Legislature. Md Jashim Uddin is the very first Bangladeshi business leader,

The country’s jewellers authority has lowered the price of gold by Tk 1,086. The new price of best quality gold now stands at Tk 81,298 per bhori (11.664 grams) in the domestic market. Bangladesh Jewellers Association (BAJUS) said the new price of gold will be implemented from

The government of Bangladesh has formed a committee to meet the challenges of transforming Bangladesh from Least Developed Country (LDC) status and ease of doing business. In this regard, a consultative committee comprising of government and private sector representatives and

The pound has hit an all-time low against the dollar after the bonanza of tax cuts and spending measures in Kwasi Kwarteng’s mini-budget threatened to undermine confidence in the UK. The pound plunged nearly 5% at one point to $1.0327, its lowest since Britain went decimal in

Japan, one of the world's last major holdouts during the pandemic, is dissolving its Covid-19 restrictions and opening the door back up to mass tourism. Beloved for its unique mix of vibrant urban culture and natural beauty, the country is lifting its tight regulations on foreign

The government today (Sep 22) reduced the price of palm oil by Tk 12 to Tk 133 per litre while the price of sugar was reduced by Tk 6 to Tk 89 per kilogram. Senior Secretary of the Ministry of Commerce Tapan Kanti Ghosh today said that the prices of palm oil and sugar have been reduced

The government has decided to procure 1.65 crore litres of soybean oil for the state-run Trading Corporation of Bangladesh (TCB).  The decision was taken today at a meeting of the Cabinet Committee on Government Purchase (CCGP) chaired by Finance Minister AHM Mustafa Kamal.  

The Asian Development Bank (ADB) has slashed its economic growth forecast for Asia’s developing economies, pointing to challenges including China’s “zero COVID” lockdowns, the war in Ukraine and rising interest rates. The Manila-based development bank said on