Several US restaurant chains including Wingstop and Domino’s reported weaker-than-expected sales growth in the latest quarter, saying that soaring gasoline prices caused by the US-Israeli war on Iran have ​forced their customers to cut back on other spending.

After the onset of the US-Israel war on Iran, some policymakers initially took a firm stance, publicly claiming credit for not adjusting fuel prices to shield consumers from global shocks. They argued that they did not want to pass the burden onto the people.

Mobile operators have called on the National Board of Revenue (NBR) to withdraw value-added tax (VAT) on spectrum and spectrum-related fees, arguing the levy contradicts global norms and undermines investment in the sector.

The 59th annual meeting of the Board of Governors of the Asian Development Bank (ADB) opened yesterday, with its President Masato Kanda urging countries in Asia and the Pacific to “act together to develop together” through stronger cross-border connections to secure the next generation’s future.

Tk 3 lakh crore borrowed during the interim government

Finance minister makes the plea at ADB annual meeting

USTR officials arrive for talks on reciprocal tariff deal implementation and ongoing investigations into overcapacity and forced labour issues

Finance minister made the call at a session of the 59th annual meeting of ADB

Airline restores 96% of its global network in 137 destinations across 72 countries with 1,300 weekly flights

A delegation of the Pakistani trade body is now visiting Bangladesh

Assistant US Trade Representative for South and Central Asia Brendan Lynch will lead the delegation

Aggrieved clients in the Agrabad area also formed a human chain in front of the port city’s World Trade Center later in the day

Last year, the ADB provided $29.3 billion in financial support to the region while implementing reforms to deliver assistance more quickly and at scale

Bangladesh needs a decisive push to mobilise revenue by immediately launching reform measures, accelerating automation, and gradually phasing out existing tax exemptions, said economists and policymakers at an event organised by the National Citizen Party (NCP) yesterday.

Economies with low diversification will face challenges in coming out of the middle-income trap, said the head of the Asian Development Bank Institute (ADBI) yesterday.

The decision was taken at a recent Bangladesh Telecommunication Regulatory Commission meeting

Bangladesh is expected to play an important role in linking South Asia and Southeast Asia, particularly in power grids

Remittance inflow rose 13.6 percent year-on-year to $3.13 billion in April, as expatriates sent more money home ahead of Eid-ul-Azha, the second of the two major Muslim festivals, expected to be observed later this month.

The salt production season in the country usually runs from November to May, with production peaking from April to May due to the intense summer heat

Shipments reach $4b with all top 20 export markets posting positive YoY growth