Sales of electronics and home appliances are witnessing an unusual slowdown even close to Eid-ul-Fitr, with demand for products such as televisions and refrigerators showing only marginal improvement and remaining near regular-day levels instead of the customary festive surge.

Remittance inflows rose sharply in the first two weeks of March ahead of the Eid-ul-Fitr, despite tensions in the Middle East stemming from the US-Israel war on Iran.

Almost all member factories of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) have paid February salaries and Eid bonuses, President of the trade body Mahmud Hasan Khan said yesterday.

Bangladesh’s energy security is under fresh pressure as war in the Middle East disrupts the flow of liquefied natural gas (LNG), a fuel that has become indispensable to the country’s power sector.

Apparel exporter Doreen Garments Ltd has been struggling to collect $678,412 from US-based Zinntex LLC for a shipment delivered two years ago, prompting the supplier to file a lawsuit in an American court.

In a bid to secure supply, the government has confirmed the purchase of seven LNG cargoes from the spot market since the beginning of the US-Israel war on Iran

Iran continues to halt almost all shipping through the Strait of Hormuz, the chokepoint that carries about 20 percent of global oil and liquefied natural gas supplies.

BGMEA also asked members to supply information on their payments and business dealings with this company to the association soon

He said that farmers will receive compensation through insurance if their crops are damaged by floods or other natural calamities

A significant portion of the region’s economy depends on income from expatriates

No BGMEA-listed factory has any unresolved issues regarding February salary payments

Between July and March 14, remittances reached $24.65 billion

137 cancellations since February 28

Bangladesh Bank (BB) has instructed banks, mobile financial service providers, payment service providers and payment system operators to establish a dedicated “Cashless Bangladesh Unit” at their head offices by March 31 to accelerate digital transactions nationwide.

Import and export activities at Burimari Land Port in Patgram upazila of Lalmonirhat will remain suspended for 11 consecutive days starting from March 17.

A nearly tangible sense of urgency permeates the air as workers focus on a variety of tasks. A group of them are cutting leather pieces while others attach soles with glue. Some focus on decorative designs while another group packs finished shoes for delivery.

Bangladesh’s Income Tax Act, 2023 marked an important legislative milestone. It replaced the decades-old 1984 ordinance and reorganised the framework of income taxation. Yet for many taxpayers, individuals and businesses alike, the system still feels complex, compliance-heavy and uncertain.

Motorcycle sales ahead of Eid-ul-Fitr initially surged but have recently slowed as uncertainty in global energy markets -- triggered by the US-Israel war on Iran escalating -- has raised concerns over fuel availability and costs, dampening consumer enthusiasm.

Bangladesh Bank (BB) has removed Md Abdul Jalil, independent director and executive committee chairman of Islami Bank Bangladesh, one of the largest shariah-based banks.

Remittance inflows could slow due to migration disruptions and economic uncertainty in the Middle East amid the US-Israel war on Iran, according to a Bangladesh Bank (BB) quarterly report on remittance published Monday.