Trade and Economy
670 garment factories closed due to worker unrest: BGMEA
BGMEA has reported that extreme unrest has emerged in the country’s three main industrial zones amid workers’ movement over various demands including increase in minimum wage, re-employment of retrenched workers and stopping of blacklisting. As the situation could not be brought under control and workers stopped work and left the factories, 670 garment factories in Mirpur of the capital, Gazipur-Mymensingh and Savar-Ashulia-Zirani regions have closed. As a result, 16,80,572 workers have been forced to return home without working.
12kg LPG cylinder now costs Tk 2,060 after Tk 223 increase
Consumers are set to face further financial pressure as the price of a 12kg Liquefied Petroleum Gas (LPG) cylinder has been increased by Tk 223 to Tk 2,060, adding to their woes amid persistent overpricing in the market.
Gold price rises by Tk3,266 per bhori
Gold prices in Bangladesh have risen again, with the Bangladesh Jewellers Association (BAJUS) increasing the price of 22-carat gold by Tk 3,266 per bhori. The new price, including VAT, stands at Tk 220,858 per bhori.
Govt forms minimum wage board for garment sector
The government has constituted a minimum wage board for readymade garment (RMG) sector comprising representatives from employers, workers, and neutral parties to determine the minimum wage for garments workers.
Wage board to be gazetted Sunday, minister urges workers to return to workplaces
The government would publish a gazette notification on Sunday announcing the formation of a wage board for readymade garment workers, labour and employment minister Ariful Haque Chowdhury said on Saturday.
Gold price falls by Tk 5,482 per bhori
Gold prices have been reduced in Bangladesh for the second consecutive day. The Bangladesh Jewellers Association (BAJUS) has cut the price of 22-carat gold by Tk 5,482 per bhori. Prices of other grades of gold and silver have also been lowered.
Bangladesh to surpass India in per capita GDP this year: IMF
Bangladesh is projected to overtake neighbouring India in nominal per capita gross domestic product (GDP) in 2026, with its per capita GDP expected to reach US$2,886, compared with US$2,749 for India, according to the International Monetary Fund (IMF).
Gold prices drop down further
Bangladesh Jeweller’s Association (BAJUS) on Sunday cut gold prices by Tk 3,324 per bhori, setting the price of 22-carat gold at Tk 220,858, including valued added tax (VAT).
Janata Bank website comes under cyberattack
The website of state-owned Janata Bank has come under a cyberattack despite being taken offline in advance as a precaution following a global cybersecurity alert. The bank’s information technology (IT) team is working to fix security vulnerabilities after signs of spam and malicious activity were detected in at least two places on the website. As a result, the site remained inaccessible until 11:30am on Sunday (October 25), even after banking operations resumed following the holiday break.
Govt to procure 6 cargoes of LNG
Cabinet Committee on Government Purchase (CCGP) has recommended approval of two proposals to purchase six liquefied natural gas (LNG) cargoes from BP Singapore Pte Limited and Qatar Energy Trading LLC.