Bangladesh is ramping up payments to Adani Power after the Indian conglomerate cut electricity supplies by half, reportedly over an unpaid $800m bill. Two senior government officials told the BBC they are already processing partial payments to Adani, which supplies 10% of the

Toyota Motor Corp and Joby Aviation Inc, a company developing electric air taxis for commercial passenger service, on Monday announced the completion of Joby’s first international exhibition flight which took place at Toyota’s Higashi-Fuji Technical Center in Shizuoka. The

The price of gold in Bangladesh has dropped after three consecutive hikes.  Bangladesh Jewelers Association (BAJUS) announced that the new prices will take effect on Tuesday (November 5). The cost of 22-carat gold has been reduced by Tk 1,364 per bhori (11.664 grams) and will

The country is facing stagnant investment due to a combination of challenges, including high interest rates, instability in industrial zones, and a power and energy crisis. These factors have stifled job creation and pushed industrial production to a significant low. Amid efforts to

Bangladesh experienced a decrease in issuing Letters of Credit (LCs) for imports in the first quarter of the 2023-24 fiscal year (July-September).  According to a report by Bangladesh Bank, LC openings dropped by nearly 7%, and LC settlements declined by approximately 2.5%

After slashing the power supply to Bangladesh over non-payment of dues, Adani Power has set a deadline of Nov 7 to switch off the flow of electricity if there is no clarity on settlement of the outstanding amount that adds up to almost $850 million (around Rs 7,200 crore).  Adani

Ethiopian Airlines, Africa's largest airline and a Star Alliance member, is set to make its official entry into Bangladesh with the arrival of its inaugural flight on the new Addis Ababa-Dhaka-Addis Ababa route on next Sunday.   The airline will operate five direct flights

The government has lifted all import and regulatory duties on rice to ensure food security and control prices for the common people. The National Board of Revenue (NBR) issued a Statutory Regulatory Order (SRO) on Thursday. Earlier, the Directorate of Food submitted a report on the

Bangladesh Bank Governor Ahsan H. Mansur has taken charge as the Chairperson of the SAARCFINANCE Network. He will hold this position for the next one year.  His appointment was confirmed at the 46th SAARCFINANCE Governors' Group Meeting held in Washington, D.C., on October

Md Jashim Uddin, the president of the SAARC Chamber of Commerce and Industry, spoke with the media about various topics such as business, politics, and the economy in Bangladesh.  He has also served as the president of FBCCI, the leading business organization in the country, and

The government has announced a reduction in the prices of selected petroleum products, adjusting them to align with international market rates. The new prices will come into effect from November 1. The updated price list reveals a decrease of Tk0.50 for diesel and kerosene, bringing

Another shipment of 231,840 eggs from India cleared Benapole customs on Wednesday night and is expected to reach the local market on Thursday. Imported by Indian firm Hydroland Solution, this marks the second consignment of eggs following the recent tariff reduction on essential

Workers from a garment factory in Dhaka's Kachukhet area staged a protest this morning, demanding an end to layoffs and the reopening of their factory.  The protest quickly escalated as workers clashed with law enforcement, with some protesters throwing bricks and stones at

Jewellers have raised the price of gold by Tk1, 574 to Tk1, 43,525 per bhori (11.664 grams) due to a hike in the price of pure gold in the international market. The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the

Global commodity prices are set to tumble to a five-year low in 2025 amid an oil glut that is so large that it is likely to limit the price effects even of a wider conflict in the Middle East, said the World Bank on Tuesday. In its latest Commodity Markets Outlook (CMO), the bank said

Mir Nasir Hossain, former president of FBCCI, the premier business association of the country's industrialists, is also a former director of Eastern Bank Ltd. In an exclusive interview, he shared his views on the state of trade, the private sector, and the overall economy.  He

The 29th Bangladesh edition of the "Build Series of Exhibitions," a major international event spanning six expos focused on the real estate, construction, and renewable energy sectors, will take place at the International Convention City Bashundhara in Dhaka on November 14.

Summit Group founder Muhammed Aziz Khan allegedly smuggled millions of dollars out of Bangladesh under the patronage of his brother Awami League presidium member Muhammad Faruk Khan over the last 15 years. Aziz Khan has become Singapore’s 41st richest man with wealth worth $1.12

Bangladesh Bank (BB) has found serious irregularities at NRB Commercial (NRBC Bank PLC, including suspicious transactions, misleading information about an entrepreneur director’s identity and discrepancies in shareholding. The central bank has fined the private bank Tk500,000 for

Former president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), Abdul Awal Mintoo, said that those striving to create employment in the country through investment are the ones facing harassment, despite their significant contributions to the economy.