local-business
Nagad announces Royal Enfield winner in mega campaign
A S M Noman Sarkar of Cumilla has won a Royal Enfield motorcycle as the mega prize of Nagad’s campaign titled “Asha Aar Fera, Surprise Sera.”
He secured the top prize by participating in the campaign and completing transactions in line with all campaign conditions, according to a press release issued by Nagad on Saturday.
The prize was handed over to the winner at a grand ceremony during the two-day Nagad Carnival held at the International School Dhaka (ISD) grounds.
Nagad Administrator, Md. Motasem Billah presented the motorcycle to the winner.
Nagad to receive remittances thru National Bank
Nagad Additional Managing Director, Shyamal B. Das, Chief Marketing Officer, Simon Imran Hyder, and Chief Commercial Officer, Mohammad Shaheen Sarwar Bhuiyan, also present.
Alongside the mega prize, participants in the campaign won several other rewards, including scooters and iPhones.
In addition, the first customer to make a transaction on Nagad every minute received mobile recharge rewards. Through this process, Nagad distributed thousands of small, medium, and large prizes. Among other notable winners, Sani Bepari from Barishal won an iPhone, while Sohel from Mymensingh won a scooter.
Expressing his excitement, A S M Noman Sarkar, said he first learned about the campaign from Nagad’s Facebook page. “After that, I reactivated my unused Nagad wallet and started making transactions,” he said. Sharing his feelings, he added, “I can’t really put my emotions into words. I feel extremely happy. From now on, I will use Nagad regularly and encourage my friends to do the same.”
The campaign, which began on 26 November last year, saw enthusiastic participation from customers across the country.
Through such initiatives, Nagad continues to demonstrate its commitment to its customers and aims to further strengthen its bond with them through more attractive campaigns in the future.
Nagad hits record Tk 40,000 crore in monthly transactions
4 months ago
Gold price drops by Tk7,640 per bhori in Bangladesh
Gold prices in Bangladesh have been reduced by Tk7,640 per bhori on Friday, following a fresh price revision announced by the Bangladesh Jewellers Association (BAJUS).
The association explained that the decision was taken in view of an overall assessment of the market situation, particularly a fall in the local price of tejabi gold (pure gold).
Under the new rates, the price of 22-carat gold has been fixed at Tk254,450 per bhori (11.664 grams), which comes into effect immediately, BAJUS said in a statement.
According to the revised price list, 21-carat gold will now sell at Tk242,903 per bhori, while 18-carat gold has been priced at Tk208,202 per bhori.
Gold made under the traditional method has been fixed at Tk170,411 per bhori.
Gold Price Shock: Tk16,330 surge hits Bangladesh overnight
In addition to the declared selling price, buyers will have to pay a mandatory 5 percent government VAT and a minimum 6 percent making charge set by BAJUS.
However, the making charge may vary depending on the design and quality of the jewellery.
BAJUS last adjusted gold prices on February 3, when it raised the price by Tk10,906 per bhori, fixing the rate of 22-carat gold at Tk262,090.
So far in 2026, gold prices in the domestic market have been revised around 25 times — increased on 16 occasions and reduced nine times.
Alongside gold, silver prices have also been lowered. The price of 22-carat silver has been reduced by Tk175 per bhori to Tk6,357.
The new rates for 21-carat silver stand at Tk6,065 per bhori, 18-carat silver at Tk5,190 per bhori, and traditional silver at Tk3,907 per bhori.
This marks the 17th adjustment of silver prices in the local market this year, with prices raised 10 times and cut seven times so far.
4 months ago
Policy reforms, ethical business key to competitiveness after LDC graduation: Business leaders
Analysts and business leaders on Thursday said comprehensive policy reforms, stronger institutional efficiency and an uncompromising commitment to ethical business practices are crucial for Bangladesh to sustain its competitiveness in the post-LDC graduation era.
The observations came at a high-level discussion titled “Business Climate in Bangladesh: Issues and Challenges of Ethical Practice”, jointly organised by the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and the International Business Forum of Bangladesh (IBFB) at the FBCCI office in Motijheel.
Presenting the keynote paper, Dr Khondaker Golam Moazzem, Research Director of the Centre for Policy Dialogue (CPD), called for urgent ‘business process re-engineering’ to lower the cost of doing business and enhance the efficiency of government agencies.
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He said streamlining core services such as licensing, registration and customs clearance must go hand in hand with strengthening integrity and accountability among public officials to remove systemic bottlenecks.
During the open discussion, business leaders said creating a genuinely investment-friendly environment requires swift implementation of digitalisation, automation and a fully functional single window system to ensure transparency and predictability.
IBFB Director M S Siddiqui noted that several existing regulatory frameworks remain misaligned with ease-of-doing-business objectives, which can deter both domestic and foreign investment.
Responding to the concerns, Anti-Corruption Commission (ACC) Secretary Mohammad Kaled Rahim acknowledged procedural complexities in the system but reiterated the commission’s commitment to simplifying processes.
He urged members of the business community to report specific instances of harassment or irregularities to the authorities.
Foreign Secretary Dr Md Nazrul Islam said the interim government has already initiated complex institutional reforms, but emphasised that broad-based “behavioural reform” across both public and private sectors has now become a critical priority.
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IBFB President Lutfunnisa Saudia Khan said ethical business practices are the foundation of inclusive growth and a stronger global image for Bangladesh.
She stressed that collective responsibility, transparency and continuous dialogue are as important as legal frameworks in addressing the challenges faced by entrepreneurs.
FBCCI Administrator Md Abdur Rahim Khan assured participants that the private sector’s recommendations would be formally conveyed to the government.
He also urged entrepreneurs to uphold responsible and ethical business conduct.
Former FBCCI directors, general body members, FBCCI Secretary General Md Alamgir, Head of FBCCI International Affairs Wing Md Zafar Iqbal, Adviser of FBCCI Safety Council Brig Gen (retd) Abu Nayeem Md Shahidullah, along with leaders from IBFB and various chambers and trade associations attended the event.
4 months ago
DCCI calls for immediate normalisation of Ctg port operations
Dhaka Chamber of Commerce and Industry (DCCI) on Thursday urged the government to take immediate steps to restore normal operations at Chattogram Port, warning that the prolonged shutdown is severely disrupting trade and could have far-reaching consequences for the national economy.
Describing Chattogram Port as the lifeline of Bangladesh’s trade, the chamber said nearly 92 percent of the country’s import-export activities are handled through the port, with an average clearance of around 260,000 Twenty-foot Equivalent Units (TEUs) per month, or about 9,000 TEUs daily.
However, port operations have remained completely halted since February 4, 2026, leaving around 54,000 containers stranded so far, the DCCI said in a media release.
Due to delays in cargo clearance, businesses are incurring additional costs ranging from Tk 10,000 to Tk 15,000 per day, it said, adding that the situation is having a particularly severe impact on the export sector.
The chamber warned that if the deadlock continues, it could adversely affect the national economy, as exporters face the risk of order cancellations or diversion of purchase orders to competing countries.
While some international buyers have temporarily agreed to extend shipment deadlines, they may seek alternative sourcing destinations if the crisis persists, the release said.
With Ramadan just days away, the DCCI also expressed concern that prolonged delays in clearing imported goods could trigger price hikes in the local market, negatively affecting consumers across all income groups.
The chamber further said the unexpected disruption in cargo handling is likely to push up operational costs across trade and investment activities, placing additional pressure on both businesses and consumers.
Calling for urgent government intervention, the DCCI urged authorities to resolve the issue quickly through discussions with all stakeholders involved in Chattogram Port operations.
Emphasising the port’s critical role as the main driving force of the country’s economy, the chamber stressed the need for coordinated efforts among the business community, the Chattogram Port Authority and other relevant stakeholders to ensure uninterrupted operations.
4 months ago
Gold Price Shock: Tk16,330 surge hits Bangladesh overnight
Gold prices in Bangladesh soared again on Tuesday, climbing a total of Tk16,330 per bhori through two separate hikes announced by the Bangladesh Jewellers Association (BAJUS), pushing the price back above Tk260,000 per bhori.
In a morning notification, BAJUS said it had raised the price of 22-carat hallmarked gold by Tk5,424 per bhori. Later in the afternoon, the jewellers’ body announced another hike of Tk10,906 per bhori, taking the total increase for the day to Tk16,330.
Following the two revisions, the price of 22-carat gold has been set at Tk262,090 per bhori, effective immediately.
BAJUS said the latest price adjustment was made considering the overall market situation after an increase in the price of tejabi gold (pure gold) in the local market.
Under the new rates, 21-carat gold will cost Tk250,193 per bhori, 18-carat gold Tk214,443, while gold under the traditional method has been fixed at Tk175,485 per bhori.
In addition to the selling price, buyers will have to pay a 5 percent government-imposed VAT and a minimum 6 percent making charge set by BAJUS. The making charge may vary depending on the design and quality of jewellery.
Just a day earlier, on Monday, BAJUS had reduced gold prices twice, bringing the price of 22-carat gold down to Tk245,760 per bhori.
Gold prices plunge over 9%: what triggered the fall and where prices may head next
With the latest hike, gold prices have been adjusted 24 times so far this year—raised 16 times and reduced eight times.
Alongside gold, silver prices were also revised. The price of 22-carat silver has been fixed at Tk6,532 per bhori after a reduction of Tk175. The new rates set 21-carat silver at Tk6,240, 18-carat at Tk5,365, and traditional silver at Tk4,024 per bhori.
This marks the 16th adjustment of silver prices this year, with prices increased 10 times and reduced six times.
Gold prices drop by Tk6,590 per bhori in Bangladesh
Meanwhile, in the global market, spot gold prices jumped by more than 6 percent in a single day, rising over USD 280 per ounce to trade at around USD 4,900 per ounce.
4 months ago
Gold prices drop by Tk6,590 per bhori in Bangladesh
Gold prices in Bangladesh have been cut by Tk6,590 per bhori, with the new rates taking effect immediately, the Bangladesh Jewellers Association (BAJUS) said on Monday.
In a morning notice, BAJUS said the decision was taken following a decline in the local price of pure gold (tejabi), prompting a review of the overall market situation.
Under the revised rates, a bhori (11.664 grams) of 22-carat hallmark gold will now cost Tk251,184.
The price of 21-carat gold has been fixed at Tk239,754 per bhori, while 18-carat gold will sell at Tk205,520. Gold made under the traditional method has been priced at Tk168,195 per bhori.
In addition to the selling price, buyers will have to pay a mandatory 5 percent government VAT and a minimum 6 percent wage set by BAJUS. The labour charge, however, may vary depending on the design and quality of jewellery.
BAJUS last adjusted gold prices on the night of February 1, when it reduced the price of 22-carat gold by Tk1,925 per bhori to Tk257,774.
So far in 2026, gold prices have been adjusted 21 times in the local market—raised on 14 occasions and reduced seven times.
Despite the fall in gold prices, silver rates have remained unchanged. According to prices set on January 31, 22-carat silver is currently selling at Tk7,290 per bhori.
Why gold prices hit record highs and what triggered the sudden drop
The price of 21-carat silver stands at Tk6,940, while 18-carat silver is priced at Tk5,949 per bhori. Silver made under the traditional method is trading at Tk4,432 per bhori.
Silver prices have been adjusted 14 times so far this year, with increases on nine occasions and reductions on five.
4 months ago
$3.17 billion received in remittances in January, up 45.1 percent y-on-y
Bangladesh received US $3.17 billion in remittances in January 2026, a growth of 45.1 percent year-on-year.
The expatriates sent inward remittance $2.18 billion in January of 2025, while in January 2026, the volume of remittance is $3.17 billion. It means, Bangladesh received $985 million or 45.1 percent additional remittance in January 2026.
According to data released on Sunday by Arif Hossain Khan, spokesperson for Bangladesh Bank, the country received an average of $102.25 million daily during this period.
The expatriates sent $19.43 billion in seven months till January of fiscal year FY 2025-26, which was 15.96 billion in the previous FY2024-25. This figure marks a significant surge compared to the same period of last year, which saw an inflow of $3.47 billion additional remittance representing an increase by 21.8 percent.
The surge in January follows a record-breaking performance inward remittance in December 2025, which saw $3.23 billion, sent by the expatriates to the country. This was not only the highest monthly total for the current fiscal year but also the second-highest monthly remittance in history.
Monthly remittance breakdown of FY 2025-26.
December: $3.23 Billion (Highest in FY)
November: $2.89 Billion
October: $2.56 Billion
September: $2.69 Billion
August: $2.42 billion
July: $2.47 billion
This upward trend builds on the momentum of the previous FY 2024-25, which set an all-time record with a total of $30.32 billion in remittances.
Economic analysts suggest that the continued growth in formal channel transfers is providing a much-needed boost to the country's foreign exchange reserves and overall macroeconomic stability.
4 months ago
BanglaBiz unveiled as unified platform to ease investment in Bangladesh
Bangladesh Investment Development Authority (BIDA) on Sunday launched BanglaBiz, a unified digital platform bringing all investment promotion agencies (IPAs) under one umbrella to facilitate domestic and foreign investments in Bangladesh.
The platform was formally unveiled at BIDA’s Multipurpose Hall in Agargaon with support from the Japan International Cooperation Agency (JICA).
Chief Adviser’s Special Envoy on International Affairs Lutfey Siddiqi and BIDA Executive Chairman Chowdhury Ashik Mahmud Bin Harun were present at the inauguration.
Speaking at the event, Lutfey Siddiqi said this platform would significantly reduce licensing complexities for businesses; through BanglaBiz, around 1.2 million instances of physical contact related to business and investment licensing could be eliminated annually.
“If the online system is strengthened, physical contacts can be reduced to zero. However, attention must be paid to avoiding server-related complications. Once full online capacity is achieved, offline licensing options will be withdrawn. This will resolve the longstanding hassle of visiting multiple offices for business licences through a single platform,” he said.
Mobile financial service transactions to be restricted for national election
Chowdhury Ashik said investors currently have to submit the same documents to multiple offices, often moving from one ministry to another for months due to paperwork-related complications. “This discourages investment in Bangladesh.”
Ashik also announced that following the launch of BanglaBiz, BIDA will introduce an NRB Desk dedicated to expatriate Bangladeshis, offering them maximum support in investing in the country.
According to BIDA, information on licences and permits is currently scattered across various government laws, policies and portals. BanglaBiz will consolidate these into a single platform, replacing nearly 60 separate government portals related to business services.
At present, obtaining approval to establish a business requires applications to four different government agencies through four separate portals.
Under BanglaBiz, this process will be completed through a single application on one portal. BIDA said the use of e-signatures will ensure that the entire process is completed without any physical contact.
BGMEA honours Hams Garments for achieving world’s highest score for green factories
BIDA has divided the rollout of BanglaBiz into three phases. From the launch phase, entrepreneurs will be able to apply through the platform and start their businesses within three days, with pilot projects initially launched in major cities.
During 2027–28, a unique business ID will be introduced for all businesses through BanglaBiz, alongside artificial intelligence-driven services. By 2029–30, the platform’s services will be expanded to the grassroots level, BIDA said.
4 months ago
Mobile financial service transactions to be restricted for national election
Bangladesh Bank is set to impose strict limits on mobile financial services (MFS) and internet banking transactions ahead of the upcoming national parliamentary elections.
Under the proposed measures, platforms such as bKash, Rocket, and Nagad will see a significant reduction in transaction limits to prevent the misuse of funds during the polls.
According to authoritative sources within the central bank, the restrictions are expected to be in effect from February 8 to February 13. The move aims to curb the illegal flow of money used to influence voters.
The Bangladesh Financial Intelligence Unit (BFIU) has submitted a proposal to the central bank following a request from the Election Commission. While the final figures are subject to minor adjustments, the current plan includes:
· Single Transaction Limit: A maximum of Tk1,000 per transaction.
· Daily Transaction Limit: A total of Tk10,000 per day.
· Frequency: A maximum of 10 transactions per day.
Currently, MFS users can send up to Tk 50,000 daily and Tk300,000 monthly. The temporary restrictions represent a drastic reduction from these standard limits.
The central bank is also considering a temporary suspension of Person-to-Person (P2P) fund transfers via banking apps and internet banking platforms. Popular services such as BRAC Bank’s ‘Astha’, City Bank’s ‘Citytouch’, Islami Bank’s ‘Cellfin’, and Dutch-Bangla Bank’s ‘NexusPay’ may be impacted.
At present, individual customers can transfer up to Tk10 lakh daily through these apps. The BFIU has proposed halting these transfers entirely during the election period to maintain financial integrity.
In addition to digital restrictions, monitoring of physical cash movement has been intensified since January 11.
Cash Transaction Reports (CTR): Banks must report any single or multiple transactions totaling Tk10 lakh or more in a single day to the BFIU.
Reporting Frequency: These reports must now be submitted on a weekly basis.
Penalties: Failure to report or providing inaccurate data will lead to punitive action under the Money Laundering Prevention Act.
When asked about these measures at a recent press conference, Bangladesh Bank Governor Dr. Ahsan H. Mansur stated that the central bank would take action once formal instructions are received from the Election Commission.
"If necessary, Bangladesh Bank will issue a circular to inform all banks, financial institutions, and MFS providers regarding the implementation of these measures," said Dr. Mansur.
Central bank officials warned that if any abnormal transaction patterns are detected in CTRs, the respective banks must take immediate action, or they will face disciplinary measures from the regulator.
4 months ago
BGMEA honours Hams Garments for achieving world’s highest score for green factories
The Bangladesh Garments Manufacturers and Exporters Association (BGMEA) on Saturday accorded a special reception to Hams Garments Limited for becoming the world's top-rated green factory.
The ceremony, jointly organized by BGMEA and Hams Garments Limited, was held at the Nurul Quader Auditorium in the BGMEA Complex, Uttara. During the event, BGMEA Senior Vice President Inamul Haq Khan presented a special memento of honor to Engineer Shafiqur Rahman, Managing Director of Hams Garments Limited.
In his speech, Inamul Haq Khan revealed that Hams Garments Limited set a new world record by scoring 108 out of 110 in the USGBC LEED Platinum certification.
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"This is not just a number; it is currently the highest score achieved by any green factory in the world," said Inamul Haq Khan.
"This success has elevated the prestige of the 'Made in Bangladesh' brand to new heights and created a global benchmark for our apparel sector," he added.
While celebrating the achievement, industry leaders also discussed the practicalities of green manufacturing:
Access to Finance: BGMEA Director Faisal Samad emphasized the need to simplify the availability of the ‘Green Technology Fund’ to help more factories transition to eco-friendly operations.
Fair Pricing: Director Faruque Hassan noted that while Bangladesh continues to break its own records in LEED certification, the global market’s product pricing does not yet fully reflect the high costs and efforts of maintaining these green standards.
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Ananta Ahmed, USGBC Consultant and Managing Director of 360 TSL, highlighted the technical milestones of the project, noting that Bangladesh is no longer just following sustainability trends but is actively setting the global pace.
The achievement further solidifies Bangladesh's position as the global leader in sustainable apparel manufacturing. Key statistics mentioned at the event include:
Total LEED-certified green factories in Bangladesh: 273
Platinum-rated factories: 115
Gold-rated factories: 139
69 out of the world’s top 100 highest-rated green factories are now located in Bangladesh.
Engr. Shafiqur Rahman, Managing Director of Hams Garments, shared the success story of his factory and expressed his gratitude to the BGMEA board. He noted that such recognition would inspire other industrial owners to take bold steps toward sustainable industrialization.
The event was attended by senior BGMEA officials, including Vice President (Finance) Mizanur Rahman, Director A.B.M. Shamsuddin, and representatives from the Institution of Textile Engineers and Technologists (ITET).
4 months ago