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Oil falls as investors await clarity after Iran, Israel halt attacks

2026-06-10 00:00:00

LONDON, June 9 (Reuters): Oil prices fell on Tuesday, erasing most of the previous session's gains, after Iran and Israel said they had halted attacks on each other following an appeal from US President Donald Trump, though both sides warned...

Uttara Bank, Nagad sign agreement to accelerate digital financial services

2026-06-10 00:00:00

Uttara Bank PLC and Nagad have signed an agreement to enhance digital financial services and improve customer convenience through stronger collaboration between banking and mobile financial sectors. An account holder can transfer money from Uttara Bank account to Nagad using...

VAT exemption likely for production, trading

FE REPORT | 2026-06-10 00:00:00

VAT on local corn oil at the production and trading levels is likely to be exempted as the Trading Corporation of Bangladesh (TCB) wants to include the item in the list of its essential items. The move is aimed at...

Bangladesh eyes 100,000 jobs in Russian mkt

2026-06-10 00:00:00

Bangladesh and Russia are working to substantially expand manpower cooperation, with Dhaka proposing an increase in the number of Bangladeshi workers in Russia from the current nearly 10,000 to 100,000 within the next year, reports BSS. Foreign Minister Dr Khalilur...

Employer support vital during life's critical moments: MetLife research

2026-06-10 00:00:00

More than 75 per cent of employees in Bangladesh expect employer support during unexpected financial stress or personal health events, highlighting growing demand for more empathetic and employee-centric workplaces, according to MetLife Bangladesh's 2025 Employee Benefit Trends Study (EBTS).The research...

BB-led panel to settle Tk 9.26b loan dispute between BSL, Agrani Bank

REZAUL KARIM | 2026-06-10 00:00:00

The government has formed a high-powered committee headed by Bangladesh Bank (BB) to determine the actual liabilities of state-owned Bangladesh Services Limited (BSL) and resolve a long-running dispute with Agrani Bank PLC over a hotel renovation loan whose outstanding amount...

No change in bidi prices, taxes

FE REPORT | 2026-06-10 00:00:00

Finance Minister Amir Khasru Mahmud Chowdhury has said that the government has decided to keep bidi prices and tax rates unchanged in the budget for the upcoming fiscal year, meaning there will be no increase in bidi prices.He made the...

President urges Morocco to hire Bangladeshi workers

2026-06-10 00:00:00

President Mohammed Shahabuddin on Tuesday urged Morocco to hire more skilled and semi-skilled Bangladeshi workers in different sectors such as healthcare, agriculture, infrastructure development, ready-made garments, textiles as well as information and communication technology (ICT).The President came up with the...

Exports jump 19.4pc in May: China

2026-06-10 00:00:00

BEIJING, June 9 (AFP): Chinese exports surged almost a fifth last month, official data showed Tuesday, as the world's second-largest economy weathered pressure from the Middle East war.Overseas shipments from the manufacturing powerhouse jumped 19.4 percent from the same period...

BD to join China-South Asia Expo as 'Theme Country'

FE REPORT | 2026-06-10 00:00:00

Bangladesh will participate as the 'Theme Country' in the 10th China-South Asia Expo and the 30th China Kunming Import and Export Fair 2026 beginning in Kunming, Yunnan Province, China, today (Wednesday).The expo will continue until June 16, according to a...

ICAB launches Public Interest Forum

2026-06-10 00:00:00

The Institute of Chartered Accountants of Bangladesh (ICAB) has launched the ICAB Public Interest Forum (PIF), a high-level advisory platform aimed at strengthening stakeholder engagement and providing strategic insights on issues related to the accountancy profession, corporate governance, financial reporting,...

Export of paper, paper products dips after years of growth

SAIF UDDIN | 2026-06-10 00:00:00

After several years of hefty growth, the country's export earnings from paper and paper products declined in recent months due to factors like weaker global demand and supply chain disruptions, insiders have said. According to data available with the Export...

Global stocks get a boost from tech dip-buying

2026-06-10 00:00:00

LONDON, June 9 (Reuters): Global stocks rallied on Tuesday as investors rushed to buy the latest dip in tech stocks, while oil prices fell after Israel and Iran agreed to halt attacks on one another for now.In Europe, the STOXX...

Major Gulf markets rebound

2026-06-10 00:00:00

Major Gulf markets rebounded early on Tuesday after Iran and Israel said they had halted attacks, though Tehran warned the truce would end if Israel kept striking Hezbollah in Lebanon, reports Reuters.The most direct clash between the two countries since...

JANATA BANK'S 'FOUNDATION COURSE FOR OFFICERS'

2026-06-10 00:00:00

Janata Bank Staff College, Dhaka organised a 25-day training programme titled 'Foundation course for officers' (Batch: 6/26) that began on Sunday. Managing Director of Janata Bank Md Muzibur Rahman inaugurated the course. A total of 50 senior officers of the...

BANGLADESH DEVELOPMENT BANK TO COLLECT SUBSCRIPTION FOR UNIVERSAL PENSION SCHEME

2026-06-10 00:00:00

Bangladesh Development Bank PLC has officially launched the collection of subscriptions for the Universal Pension Scheme across its branch network. The bank organised a launching & training programme in its boardroom on Tuesday. Managing Director and CEO Md Jashim Uddin...

PRIME BANK ORGANISES 'PRIME ACADEMIA EMPOWRING YOUTH SEASON 2.0' AT DIU

2026-06-10 00:00:00

Prime Bank successfully organised "PrimeAcademia Empowering Youth Season 2.0" in collaboration with the career development center of Daffodil International University (DIU) and DIU Finance Club at the International Conference Hall, Knowledge Tower, DIU. The programme brought together students, academicians, and...

MIDLAND BANK LAUNCHES WOMEN-CENTRIC SAVINGS SCHEMES

2026-06-10 00:00:00

Midland Bank formally launched new savings products, specifically designed for women, aiming to foster disciplined saving habits and enhance financial security. These deposit pension schemes (DPS) offer affordable monthly installments and convenient digital banking services. The new products-Nari Surokkha DPS,...

OpenAI files for US IPO after Anthropic as AI giants head to public markets

2026-06-10 00:00:00

OpenAI confidentially filed for a US initial public offering recently, the ChatGPT maker said on Monday, joining rival Anthropic in a push toward a stock market listing as it looks to tap into insatiable investor demand for AI shares, reports...

Stocks shrug off floor price removal as broader market holds firm

FE REPORT | 2026-06-10 00:00:00

Stocks ended higher on Tuesday after a one-day break, as investors shrugged off concerns surrounding the withdrawal of floor prices from the last two stocks, with the broader market showing little impact from the regulatory move.The newly formed commission of...

Switch to targeted fuel subsidies could save billions, protect the vulnerable

MOHAMMAD MUFAZZAL | 2026-06-10 00:00:00

Fuel subsidies consume a significant share of government revenue each year, yet the benefits rarely reach those who need them most.The government bears this burden largely due to political pressure, but redirecting subsidy spending could free up funds for targeted...

Good Governance More Urgent Than Banking Sector Reforms

2026-06-10 00:00:00

The banking sector is a cornerstone of Bangladesh's economy, supporting industrialization, trade, agriculture, exports, and infrastructure development. However, over the past decade and a half, rising non-performing loans, weak corporate governance, regulatory shortcomings, and a lack of transparency have raised...

Missing efficiency and scale effect on power pricing

M Rokonuzzaman | 2026-06-10 00:00:00

To reduce subsidies from Tk 56,000 crore to Tk 41,000 crore, the Bangladesh Energy Regulatory Commission (BERC) increased the bulk electricity tariff by 19.85 per cent, or Tk 1.39 per unit, raising it from Tk 7.00 per kWh to Tk...

Education without humanity

2026-06-10 00:00:00

As our cities rise with towering buildings and modern infrastructure, our sense of humanity seems to be declining. We celebrate academic excellence, prestigious degrees, and successful careers, yet often ignore the values that truly define a civilised society.A recent incident...

Save Shitalakkhya

2026-06-10 00:00:00

Once a vital route for trade and transportation, the Shitalakkhya is now struggling to survive. Over the years, factories, dyeing units, brick kilns, warehouses and illegal settlements have rapidly expanded along its banks. Areas such as Fatullah, Signboard, Kanchpur and...

Workers' rights: A small step on the long road ahead

Wasi Ahmed | 2026-06-10 00:00:00

Bangladesh's removal from the list of the world's ten worst countries for workers' rights marks a noteworthy development that deserves cautious appreciation. For the first time since 2017, the country has managed to move out of this group, according to...

Let verdict on Ramisa's case set the tone for justice

2026-06-10 00:00:00

At a time when violent criminals and sex offenders of every hue imaginable were on a rampage and committing crimes as though undeterred by the long arm of the law, the public had every reason to doubt if the brutal...

Moyeen Khan urges women to take up leadership role in greater number

FE REPORT | 2026-06-09 12:00:00

BNP Standing Committee Member Dr Abdul Moyeen Khan on Monday said that while women's participation in Bangladesh's economy and productive sectors has increased significantly over the years, greater efforts are needed to expand their rights, leadership opportunities and representation in...

Open banking: a new era for the banking industry in Bangladesh

ASM Ahsan Habib and Sanjoy Pal | 2026-06-09 12:00:00

Fintech is revolutionising technology everyday not only in Bangladesh, but also around the world. The embracing of technology drives the financial sector to rethink about the service framework with time and cost efficacy. Banking services are currently going through a...

PKSF, CIMMYT explore co-op in agriculture, food security

2026-06-09 00:00:00

Palli Karma-Sahayak Foundation (PKSF) and the International Maize and Wheat Improvement Center (CIMMYT) on Monday discussed potential areas of collaboration to advance Bangladesh's agricultural development, strengthen food security, generate employment and promote agriculture-based enterprises, reports BSS.The discussion was held today...