Breaking / Stocks drop as fresh trade news awaited, oil down on Iran hopes

News that Beijing was suspending some non-tariff countermeasures on US entities for 90 days following the superpowers' weekend truce did little to inject much more enthusiasm
15 May 2025, 05:12 AM Business
Trump: India has offered US a trade deal with no tariffs
The United States is India's largest trading partner, with bilateral trade totalling some $129 billion in 2024
15 May 2025, 08:14 AM Business
Akij Resource plans to launch digital bank
The company will soon apply to introduce “Munafa Digital Bank”
23 October 2025, 13:27 PM Business
ILO ratification demands labour reforms in Bangladesh
The rights groups welcome the move as a long-overdue response to workers’ demands
23 October 2025, 12:59 PM Business
Cheque dishonour case: Evaly’s Rassel, Shamima get 1-yr jail in Ctg
On September 16, 2021, Rassel and Shamima were arrested from their Mohammadpur residence in the capital in a case filed over fraud and embezzlement
2 June 2024, 14:25 PM Business
Tk 127 crore owed to customers: DNCRP forms body to facilitate refunds
The platforms had offered hefty discounts to lure unsuspecting customers to make advance payments of thousands of crores of taka
19 May 2024, 14:16 PM Business

OpenAI hits $500 billion valuation: report

OpenAI has reached a $500 billion valuation after current and former employees sold approximately $6.6 billion worth of shares, according to a recent Reuters report citing a source familiar with the matter. The deal represents a significant increase from the company’s previous $300 billion valuation.
2 October 2025, 05:29 AM Tech & Startup
A tech-based startup for student transport in Bangladesh
22 September 2025, 10:59 AM Tech & Startup
Five new registration services added to Bida OSS
14 September 2025, 18:00 PM Business

Southeast Asia emerges as global data centre hot spot as AI usage rises

With AI-supported innovations such as searches on ChatGPT now requiring at least four to five times more processing capacity compared with traditional internet searches, data centre demand is expected to grow at around 20 per cent a year for the next five to seven years, analysts at Maybank noted in an October report
15 October 2024, 07:33 AM

Inflation may moderate but remain elevated: WB

The WB said Bangladesh's economy is expected to grow by only 4 percent due to the uncertain impact of political protests and the ongoing transition in government
15 October 2024, 05:04 AM

US Fed 'should proceed with more caution' on rate cuts: official

The US central bank kicked off its rate-cutting cycle last month with a large cut of half a percentage-point, noting the progress made in bringing inflation down toward its long-run target of two percent
15 October 2024, 04:53 AM

Oil prices drop on easing fears over Middle East, most markets rise

Both main oil contracts dropped around three percent in early exchanges, after the Washington Post reported that Netanyahu had pledged to target Iran's military rather than its crude and nuclear sector
15 October 2024, 04:44 AM

Implement ban on single-use plastics after 2030

Plastic goods makers in Bangladesh urged the interim government to implement measures to ban single-use plastics after 2030 considering the greater interests of businesspeople and consumers.
14 October 2024, 18:00 PM

Rules eased for export through e-commerce

The Bangladesh Bank (BB) yesterday eased the rules relating to exports through e-commerce platforms to facilitate small value exports under a business-to-consumer process.
14 October 2024, 18:00 PM

Govt cancels CIP awards for 2023

The government has cancelled all activities related to issuing commercially important person (CIP) cards for 2023, according to a circular issued by the Export Promotion Bureau (EPB) yesterday.
14 October 2024, 18:00 PM

UK assets of ex-land minister under NBR scanner

The Central Intelligence Cell (CIC) of the National Board of Revenue (NBR) is looking into allegations of tax evasion and illegal transfer of money abroad, including to the United Kingdom, by former land minister Saifuzzaman Chowdhury.
14 October 2024, 18:00 PM

Uttara Finance spends big despite anomalies

Alleged discrepancies in financial records and subsequent board restructuring and non-payment of dividends to investors over the past five years have done little to dissuade Uttara Finance and Investments from going for lavish expenditures this year.
14 October 2024, 18:00 PM

Amid liquidity crunch, banks offer high rates to lure depositors

Amid a persistent liquidity crunch, some lenders are desperately trying to increase their deposit base by offering higher interest rates to attract customers.
14 October 2024, 18:00 PM

Poorest countries face highest debt burden: WB

The world’s 26 poorest economies are facing the most significant debt burden since 2006, the World Bank announced in a new report published Sunday.
14 October 2024, 18:00 PM

Gold ticks higher

Gold prices edged up on Monday as investors assessed China’s weekend stimulus announcement, while also focussing on US Federal Reserve officials’ comments for further rate cut cues.
14 October 2024, 18:00 PM

NBR forms committees to facilitate border trade

The National Board of Revenue (NBR) has formed committees on border trade cooperation with representatives of related agencies to facilitate faster trade.
14 October 2024, 18:00 PM

Chinese export growth slows sharply

China’s export growth slowed sharply in September while imports remained sluggish, data showed Monday, as authorities wait for recent stimulus measures to perk up weak domestic demand.
14 October 2024, 18:00 PM

Tariffs, tax cuts, energy: What is in Trump’s economic plan?

Republican presidential candidate Donald Trump wants to bring back US manufacturing and lower costs, relying on tariffs to boost US coffers and exert pressure on other countries -- but the reality is less straightforward.
14 October 2024, 18:00 PM

Garment export to US falls 9.16% in Jan-Aug

Data released from the Office of Textiles and Apparel (OTEXA) showed the fall
14 October 2024, 15:23 PM

Only syndicates can’t be blamed for price hikes: commerce adviser

Salehuddin Ahmed visits Dhaka’s Karwan Bazar kitchen market
14 October 2024, 15:07 PM

Banks asked to freeze accounts of Mozammel Babu, his family members

Transactions in their personal and business accounts will also remain suspended for 30 days
14 October 2024, 14:22 PM

Government cancels CIP cards for 2023 

The instruction came from the commerce ministry
14 October 2024, 11:46 AM

Banks asked to freeze accounts of Momtaz Begum

Transactions in her personal and business accounts will remain suspended for 30 days
14 October 2024, 11:18 AM