Remittance hit $3.75 billion in March, the highest on record, giving a respite amid deepening worries over the ripple effect on Bangladesh’s struggling economy due to the US-Israel war on Iran.

Oil tumbled more than 3 percent on Wednesday, reversing earlier gains as persistent Middle East volatility ‌unnerved markets even amid reports the US-Israeli war with Iran could be winding down.

SBAC Bank PLC Chairman Md Moklesur Rahman yesterday said depositors remain safe with the bank and that both the board and management are taking necessary measures to ensure uninterrupted customer service.

A month of war in the Middle East could wipe out all the economic growth that Arab countries achieved last year, and will likely spark a “sharp economic contraction” in Iran, the United Nations said Tuesday.

Bangladesh and Saudi Arabia have discussed expanding manpower export and recognising Bangladeshi skills to strengthen bilateral labour cooperation during a meeting held in Geneva.

In recent weeks, energy has dominated headlines, seminars and market discussions, not only in Bangladesh but across the world. Securing reliable energy resources is critical, as it will determine how economies prosper in the years ahead.

Last operated from Shah Amanat International Airport on Aug 31, 2024

The bank celebrates its 13th anniversary

18 flights cancelled today, says CAAB

In recent weeks, energy has been one of the most discussed topics—whether in the news, seminars, articles, or the global stock market—not just for Bangladesh but for the rest of the world. Securing energy resources is key, as it determines how the economy will prosper in the years ahead.

Migrants sent home $3.75 billion in March this year

Bangladesh’s tax system has traditionally been based on the principle of progressive taxation—an equitable framework where higher-income individuals contribute proportionately more, enabling the state to finance public welfare.

The minister mentioned “three types of challenges” for Bangladesh

The Cabinet Committee on Government Purchase (CCGP) yesterday approved the import of another 2.6 lakh tonnes of fuel oil, as the government moves to safeguard national energy reserves against the backdrop of the US-Israel war on Iran.

Says Debapriya Bhattacharya as next budget must address fuel, debt, and fiscal pressures

Moves planned amid pressure on public finances and low revenue collection

The figure represents nearly a third of the country’s $54.8 billion in total exports recorded in 2023

Gold rose on Tuesday but stayed on track ‌for its biggest monthly drop in more than 17 years as investors flocked to the dollar as the favoured safe haven amid the Middle East war that has raised inflation fears and bets for hawkish monetary policy response.

The National Board of Revenue (NBR) is going to introduce a year-round, quarterly tax return submission system starting from the upcoming fiscal year 2026-27 as part of a comprehensive reform suite designed to drive Bangladesh’s transition into a welfare state, said its Chairman Md Abdur Rahman Khan yesterday.

The Bangladesh Securities and Exchange Commission has approved the issuance of an Orange bond, the first of its kind in the country, by SAJIDA Foundation to raise Tk 158.5 crore to finance women’s economic empowerment and accelerate progress towards gender equality.