Gold prices rise again in Bangladesh

Bangladesh Jewellers Association (BAJUS) has raised gold prices again, increasing the price of 22-carat gold by Tk 1,691 per bhori to Tk 2,34,621, including VAT.BAJUS announced the new prices in a notice on Saturday, saying the price of tejabi gold (pure gold) had increased in the local market. Considering the overall market situation, the association revised the prices, which came into effect from 10am today.Under the new rates, one bhori (11.664 grammes) of 21-carat gold has been set at Tk 2,24,065 per bhori, 18-carat gold at Tk 1,92,398 and traditional-method gold at Tk 1,57,172.BAJUS said the new prices will remain effective at all jewellery shops until further notice. However, labour charges will apply depending on the design of the jewellery.As VAT is included in the selling price of gold and silver jewellery, jewellers cannot collect VAT separately from customers. BAJUS's previous rules will remain in place for jewellery exchange and purchase, excluding specified VAT, labour...

5th New York Intl Trade Fair opens, driving US-Bangladesh business ties and B2B matchmaking

Ahammad Parvej KhanThe 5th New York International Trade Fair & Chamber Annual Business Expo 2026 officially opened on Thursday at the Borough of Manhattan Community College (BMCC), Chambers Street, New York.The event brought together a broad gathering of entrepreneurs, investors, exhibitors, chamber representatives, and industry professionals from the United States, Bangladesh, and neighboring countries.The inaugural ceremony featured key addresses by Dr. Ziauddin Ahmed, MD, FASN, President ...

57% insurance firms failing to pay claims unacceptable: Khosru

Finance Minister Amir Khosru Mahmud Chowdhury on Monday said 57 percent of the country's insurance companies are not paying policyholders' claims, calling the situation "deeply frustrating" for the coun...

Prof. Mahboob Ali invited as a volunteer research fellow at INTI Intl University, Malaysia

Business DeskProf. Muhammad Mahboob Ali, Professor of Economics, Bangladesh University of Business and Technology (BUBT) has been invited by INTI International University, Malaysia to be a Volunteer Research Fellow for the period 26th August 2026 to 31st December 2028.Prof Ali said he was honored to have been invited and trusted to do the job. He has kindly requested the consent and agreement of the institution to serve as a voluntary research fellow under the policies of INTI International University. The voluntary fellowship is subject to the university’s approval.According to his Google Scholar profile, Prof. Ali has 4,240+ citations, an h-index of 28 and an i10-index of 105. Since 2021, he has been cited by other authors 2576 times with an h-index of 19 and an i10-index of 53.His...

BNP standing committee set to meet Friday evening

Asif Nazrul blamed for Bangladesh’s T20 World Cup absence

Former Youth and Sports Adviser Asif Nazrul was responsible for Bangladesh’s decision not to participate in the 2026 T20 World Cup, according to a report by a government-appointed investigation committee.The 22-page report was released on Tuesday at a press conference held at the National Sports Council. The three-member committee was formed in March to investigate why Bangladesh did not take part in the tournament.The committee was headed by Dr A K M Oli Ullah, additional secretary of the Administration Wing of the Ministry of Youth and Sports. Its other members were Supreme Court lawyer Barrister Faisal Dastagir and former national captain and current chief selector Habibul Bashar.Speaking at the press conference, Dastagir said the committee had reviewed relevant information, spoken to people involved and examined media reports before reaching its conclusion.“Based on what emerged from the investigation and discussions with the relevant people, the person responsible for Bangladesh not travelling to the World Cup was then Youth and Sports Adviser Asif Nazrul,” Dastagir said. “The government at the time and he are responsible.”He added that Bangladesh should have participated in the World Cup.The report said the committee interviewed 12 people and included summaries of their statements. Those interviewed included Bangladesh’s T20 captain Litton Das and Test captain Najmul Hossain Shanto.From the cricket administration, the committee spoke to former national captain and current Bangladesh Cricket Board president Tamim Iqbal Khan, former B...

Turning investment plans into reality: Implementation is the real challenge

The government’s ambitious plans to improve the cost and ease of doing business, attract foreign investment, diversify exports and promote balanced industrialisation across the country are certa...

From letters to logistics: A new role for postal service

The Directorate of Posts deserves appreciation for turning an old public institution into a potentially important player in the country’s logistics sector. Its Speed Post service, which transported around 400 tonnes of goods in just two months,...

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