AK Azad plans to cut 10,000 jobs amid rising costs!
AK Azad plans to cut 10,000 jobs amid rising costs!

Industrialist AK Azad, managing director of Ha-Meem Group, has announced plans to reduce the companys workforce by around 10,000 employees, citing rising production costs and mounting pressure in the global market. In a recent media interview, Azad said his group currently employs about 75,000...

Inflation climbs to 9.42%, highest in 16 months
Inflation climbs to 9.42%, highest in 16 months

Inflation accelerated to a 16-month high in May, driven by rising prices of food and non-food items, underscoring persistent cost-of-living pressures despite efforts to stabilise the economy. According to the latest data released by the Bangladesh Bureau of Statistics (BBS) on Sunday,...

FBCCI faces leadership vacuum as election deadlock drags on for 20 months
FBCCI faces leadership vacuum as election deadlock drags on for 20 months

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), the countrys apex business body, has been operating without elected leadership for nearly 20 months, raising concerns among business leaders over the absence of effective representation during a period of mounting economic...

Workers' Majlis demanded Tk 25,000 minimum wage for workers
Workers' Majlis demanded Tk 25,000 minimum wage for workers

Workers Majlis, the labour wing of Bangladesh Khelafat Majlis, on Friday placed a seven-point demand charter, including the introduction of a minimum monthly wage of Tk 25,000 for workers across the country. The demands were announced at a National Labour Representative Convention held at the...

Helpless middle class turns to TCB truck sales amid rising prices
Helpless middle class turns to TCB truck sales amid rising prices

Soaring prices of daily essentials have pushed not only low-income families but also sections of the middle class to rely on subsidized products sold through the Trading Corporation of Bangladesh (TCB) truck sales program. With the prices of eggs, edible oil, vegetables, fish and meat continuing...

Tax burden on ordinary taxpayers rises despite exemptions
Tax burden on ordinary taxpayers rises despite exemptions

In the last fiscal years budget, the government raised the tax burden on ordinary taxpayers, citing an increase in the tax-free income limit by 25,000 taka. However, this nominal rise has had an unintended consequence. Despite high inflation and stagnant wages, even small amounts of taxable income...

Vegetable prices surge in capital amid rain-driven supply squeeze
Vegetable prices surge in capital amid rain-driven supply squeeze

Vegetable prices in the capital have surged following several days of continuous rain, with traders citing supply disruptions while consumers complain of unjustified hikes. Most vegetables are now selling between Tk 60 and Tk 80 per kilogram, with some exceeding Tk 100, placing added strain on...

Inflation rises to 8.8% in Q3 FY26: BB
Inflation rises to 8.8% in Q3 FY26: BB

Bangladeshs inflation rose to an average 8.8% year-on-year in the January-March quarter of FY26, up from 8.3% in the previous quarter, driven mainly by higher food and energy prices, according to Bangladesh Banks latest quarterly report released on Tuesday. The central bank attributed the rise...

Fragile economy amid interim government’s inefficiency
Fragile economy amid interim government’s inefficiency

Prime Minister Tarique Rahman is reportedly struggling to manage a fragile economy burdened by depleted reserves and mounting debt following the tenure of the interim government led by Muhammad Yunus. Yunus, a Nobel laureate known globally for promoting the Three Zeros concept, has faced...

No bus fare hike until official notification issued: transport leaders
No bus fare hike until official notification issued: transport leaders

Transport leaders have instructed that bus fares must not be increased until the government issues an official notification, despite the recent rise in fuel prices. In a statement released on Tuesday (April 21), Secretary General Saiful Alam said all operators must continue to follow the...

Diesel price jumps 15%, yet cheapest in region
Diesel price jumps 15%, yet cheapest in region

Bangladesh has increased diesel prices by 15% in its latest adjustment, yet it continues to offer the lowest rates in South Asia, maintaining a notable price advantage despite volatility in global energy markets. On 20 April, the government raised diesel prices from $0.814 (Tk100) to $0.94...

Jamaat voices concern over fuel price hike
Jamaat voices concern over fuel price hike

Bangladesh Jamaat-e-Islami has expressed deep concern and protest over the governments decision to raise fuel prices, warning of broad economic consequences. In a statement issued Sunday, the partys Secretary General and former lawmaker Mia Golam Parwar criticized the move, citing significant...

Oil prices plunge as Wall Street hits record after Hormuz reopening
Oil prices plunge as Wall Street hits record after Hormuz reopening

Oil prices plunged and U.S. stock markets rallied to record highs on Friday after Iran announced the reopening of the Strait of Hormuz to commercial oil shipments, easing fears of a major global supply disruption. Crude prices dropped sharply in New York, retreating to levels seen at the start...

People face mounting pressure from rising costs
People face mounting pressure from rising costs

Cost, cost, and more cost has become the reality for many people, as rising prices continue to strain daily life, especially for lower- and middle-income households. From essential goods to healthcare, education, transportation, and housingalmost every expense has increased. However, incomes...

No plan to raise edible oil prices immediately: Commerce Minister
No plan to raise edible oil prices immediately: Commerce Minister

Commerce Minister Khandakar Abdul Muktadir on Sunday said there is no immediate plan to increase edible oil prices, stressing the governments focus on maintaining price stability. People are already concerned due to global conflicts and uncertainties. Our priority is to ensure that essential...

Growth may reach 4% in current fiscal year: ADB
Growth may reach 4% in current fiscal year: ADB

The Asian Development Bank (ADB) has projected Bangladeshs economic growth at 4 percent for the current fiscal year, noting that the impact of the Middle East conflict is expected to gradually ease. The forecast was outlined in the latest edition of the Asian Development Outlook (ADO), released...

Stocks mixed, oil steadies on cautious Iran ceasefire optimism
Stocks mixed, oil steadies on cautious Iran ceasefire optimism

Global stock markets were mixed on Friday, while oil prices steadied as investors remained cautiously optimistic that a fragile ceasefire involving Iran would hold. Sentiment was also supported by US inflation data that came in less severe than feared, reports AFP. Uncertainty persists over...

Bangladesh economy set for gradual recovery through FY27: ADB
Bangladesh economy set for gradual recovery through FY27: ADB

Bangladeshs economy is expected to recover gradually over the next two fiscal years, with growth projected to rise to 4.0% in FY2026 and 4.7% in FY2027, up from 3.5% in FY2025, according to the Asian Development Banks Asian Development Outlook (April 2026) released Wednesday. The improved...

Middle East war shock may slow growth, hit trade and incomes
Middle East war shock may slow growth, hit trade and incomes

The ongoing conflict involving Iran, the United States and Israel has shaken global energy markets, raising concerns about a direct economic fallout for Bangladesh, which remains heavily dependent on energy imports. A new assessment by the South Asian Network on Economic Modeling warns that a...

Inflation falls despite rising commodity prices
Inflation falls despite rising commodity prices

After rising for four consecutive months, inflation eased slightly in March. According to official statistics, overall inflation fell to 8.71 percent in March from 9.13 percent in February. However, the situation in the market presents a different picture, as the continued rise in commodity prices...

Inflation declines to 8.71% in March
Inflation declines to 8.71% in March

Inflation fell to 8.71% in March on a point-to-point basis, offering some relief to consumers after several months of upward pressure, according to the latest data released by the Bangladesh Bureau of Statistics. The decline follows a rise to 9.13% in February and marks an improvement from 9.35%...

Gold hits 4-month low as Middle East tensions drive inflation concerns
Gold hits 4-month low as Middle East tensions drive inflation concerns

Gold prices fell sharply on Monday, slipping more than 2% to reach a nearly four-month low, as escalating tensions in the Middle East stoked inflation fears and expectations of rising global interest rates, reports Reuters. As of 0432 GMT, spot gold had dropped 2.7% to $4,366.94 per ounce,...