Gold, silver prices rise again
Gold and silver prices have risen in Bangladesh’s domestic market following a rise in precious metal prices. The new rates came into effect on Monday, June 15. The decision was taken at a meeting of the Bangladesh Jewellers Association (BAJUS) Standing Committee on Pricing and Price Monitoring on Monday morning. The association announced the decision later in a statement signed by the...
Budget reflects mandate, faces hurdles: Prof Mustafizur Rahman
The proposed national budget for FY2026-27 reflects the government’s broad political mandate, but its implementation will depend on realistic assumptions and institutional capacity, the Centre for Policy Dialogue has said. CPD Distinguished Fellow Professor Mustafizur Rahman made the remarks on Friday at an event titled “National Budget: CPD’s Review” at Hotel Lakeshore in Gulshan,...
Cut business costs to tame inflation, says finance minister
Finance Minister Amir Khosru Mahmud Chowdhury said on Friday (June 12) that the government's central strategy for taming inflation would be to lower the cost of doing business across the country, as officials defended an inflation target many analysts consider ambitious. Speaking at a post-budget press conference on the proposed national budget for the 2026-27 fiscal year at the Osmani...
Pay rise may curb graft: Finance Minister
Finance Minister Amir Khosru Mahmud Chowdhury has said the proposed adjustment to the pay structure of government employees is expected to help reduce corruption by easing pressure from rising living costs. He made the remark while responding to a question at a post-budget press conference on the proposed national budget for FY2026-27 at the Osmani Memorial Auditorium in Dhaka on Friday....
FY27 budget is inclusive: Finance Minister
Finance Minister Amir Khosru Mahmud Chowdhury has described the proposed budget for FY2026-27 as an inclusive one, saying the government has tried to bring people from all sections of society into its budget planning. Speaking at a post-budget press conference on Friday, the finance minister said the government had put in the required effort to prepare the budget, but the people would...
Budget targets pose big challenge: CPD
Achieving the macroeconomic targets set in the proposed national budget for FY2026-27 will be the biggest challenge for the government, the Centre for Policy Dialogue said on Friday (June 12). CPD Executive Director Fahmida Khatun made the observation while presenting the think tank’s review of the proposed budget at an event titled “National Budget 2026-27: CPD’s Review” at Hotel...
SpaceX raises $75bn in record IPO
Elon Musk’s SpaceX has raised $75 billion ahead of its stock market debut on Friday, in what is expected to be the largest initial public offering in history. In a filing with the US Securities and Exchange Commission, the rocket, satellite and artificial intelligence company said it would sell about 555.6 million shares at $135 each. The pricing gives SpaceX an expected valuation of...
Budget sets Tk 2,500 VAT per bhori gold
Finance Minister Amir Khosru Mahmud Chowdhury on Thursday (June 11) placed the proposed national budget for FY2026-27 in the Jatiya Sangsad, proposing changes to the tax structure for the gold and jewellery industry. According to the budget proposal, the government plans to replace the existing 5 percent VAT on jewellery services with a fixed specific tax of Tk 2,500 per bhori of jewellery....
FY27 Budget: Price up, price down
Finance Minister Amir Khosru Mahmud Chowdhury placed the proposed national budget for FY2026-27 in parliament on Thursday (June 11), with a series of customs duty, VAT and tax measures that could make some goods and services costlier while reducing prices for several essentials, technology products and healthcare items. According to the Finance Bill 2026 and the budget speech, tobacco...
Oil prices climb as Israel-Iran tensions flare again
Oil prices edged higher in Asian trading on Monday after renewed missile exchanges between Iran and Israel heightened concerns over supply disruptions in the Middle East. The global benchmark Brent crude rose 2.6% to US$95.50 a barrel, while US West Texas Intermediate (WTI) crude climbed 2.5% to US$92.75, according to market data. The gains followed Iran’s Islamic Revolutionary Guard...
Bangladesh-born Robin Khuda plans $30bn India investment
Bangladesh-born entrepreneur Robin Khuda has announced plans to invest about US$30 billion in India by 2030 through AirTrunk, the data centre company he founded, as it seeks to capitalise on growing demand for artificial intelligence (AI) and cloud computing infrastructure. The announcement came after meetings between Khuda and Indian Prime Minister Narendra Modi, along with other government...
China bans four New Zealand MPs over Taiwan visit
In a first, China has banned four New Zealand Members of Parliament for a year over their visit to Taiwan, New Zealand's foreign ministry says. The MPs learned of the ban - which the Chinese Embassy said could be reduced or waived with an apology - when they returned from the trip in May, local media reported on Thursday. China claims the self-governed island of Taiwan as its territory, and...
Bangladesh eyes meat exports after meeting Eid demand: Minister
Bangladesh is now fully self-sufficient in producing sacrificial animals, and the government is working to export surplus livestock and meat after meeting domestic demand, State Minister for Fisheries and Livestock Sultan Salauddin Tuku has said. He made the remarks at a press conference on sacrificial animals ahead of Eid-ul-Azha 2026 at the conference room of the Ministry of Fisheries and...
SpaceX targets $1.77tn valuation in record IPO
Elon Musk’s SpaceX is targeting a valuation of nearly $1.77 trillion in what could become the largest initial public offering in history. In a filing with the US Securities and Exchange Commission on Wednesday, the Texas-based rocket and satellite company said it plans to sell about 555.6 million shares at $135 each, aiming to raise about $75 billion. The valuation would place SpaceX...
LPG cylinder price drops to Tk 1,885 for June
The government has reduced the price of liquefied petroleum gas for June. The price of a 12kg LPG cylinder has been fixed at Tk 1,885, down by Tk 55 from Tk 1,940. The Bangladesh Energy Regulatory Commission announced the new rates in a statement on Tuesday (June 2). The price of autogas, used in vehicles, has also been reduced to Tk 86.93 per litre from Tk 89.50. The new rates will...
DSE turnover crosses Tk 1,000cr as stocks rise
The stock market ended higher on Tuesday (June 2), the second trading day after Eid-ul-Azha, with turnover at the Dhaka Stock Exchange crossing Tk 1,000 crore. Turnover increased on the country’s premier bourse, while it fell on the Chittagong Stock Exchange. Market data showed that the DSEX, the benchmark index of the DSE, rose 33 points to settle at 5,406. The Shariah index advanced...
Gold and silver prices fall
The Bangladesh Jewellers Association (BAJUS) has reduced the prices of gold and silver in the local market. The new rates came into effect at 10am on Tuesday (June 2), BAJUS said in a notice. The decision was taken at a meeting of the BAJUS Standing Committee on Pricing and Price Monitoring. The notice was signed by the committee’s chairman Dr Dewan Aminul Islam Shaheen. Under the...
Poor hide preservation deprived many of fair prices: Minister
Commerce Minister Khondaker Abdul Muktadir has said many traders failed to sell sacrificial animal hides at government-fixed prices because of a lack of awareness about proper preservation. He made the remarks while responding to questions from reporters at his office in the Secretariat on Monday (June 1). The minister said rawhide spoils quickly if salt is not applied immediately after...
Octane, petrol, kerosene prices rise by Tk 5 per litre
The government has raised the prices of octane, petrol, and kerosene by Tk 5 per litre for June, while keeping diesel prices unchanged. The Energy and Mineral Resources Division fixed the new prices in a gazette notification issued on Sunday night (May 31). Under the revised rates, diesel will remain at Tk 115 per litre. Octane has been raised to Tk 145 per litre, petrol to Tk 140 and...
