Finance News: Latest Financial News, Finance News today in Bangladesh

Challenges of post-flood rehab work

The devastation caused by the mid-August flash floods that struck 11 districts in the eastern, central and south-eastern districts of Bangladesh was in a word immeasurable. In fact, it takes months to come up with an accurate figure about the damage done to the lives and livelihoods of people in...

Direct maritime route to China

There is much hype about the new direct seaborne route between Bangladesh's principal port, Chattogram to Ningbo, China (via Shanghai) and Shekou ports. The excitement is understandable for bulk cargo movers (shipping lines), as it involves a route that promises to cut down lead times by at least 10 days...

Refurbishing the dormitories

As public universities are set to reopen for full-fledged academic activities soon, there is an urgent need to repair various damages to the classrooms and dormitories. During the protest movements in July last year, many dormitories and classrooms were damaged and vandalised, and they are yet to be repaired for...

Bangabandhu Satellite: A financial blackhole

The Bangabandhu-1 satellite, once hailed as a flagship project of the Awami League government, has become a significant financial burden on the state. Initially estimated at Tk 29.68 billion, the project was approved by former Prime Minister Sheikh Hasina in 2014, despite reservations from the planning commission. The project's final...

Mitigating Bangladesh's foreign exchange crisis

Bangladesh has recently seen a sharp increase in import bills, primarily due to rising international commodity prices and increased consumption of raw materials. Export earnings have also been affected, particularly due to fluctuations in the global economy and disruptions in value chains. This imbalance has placed significant pressure on the...