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

Remittance up yet reserves static for meeting growing needs

Foreign-exchange reserves of Bangladesh still stay almost static despite a record volume of remittance inflow in recent months as officials say necessary external expenditures are being met. The Financial Express (FE) has observed the trends of the remittance and movement of the forex reserves in recent months. Despite the record...

Equality-based welfare budget coming

Measures are envisaged in the next budget for boosting trade-commerce and investment in private sector alongside taming inflation and raising people's incomes, the finance adviser disclosed Wednesday.The Finance Adviser of the interim government, Dr Salehuddin Ahmed, gave a broad hint that an equality-based people's-welfare budget would be prepared for the...

BD condemns Israeli military aggression in Gaza

The Bangladesh government on Wednesday strongly condemned Israel's renewed military offensive in Gaza, denouncing the heavy civilian toll, including women and children, and expressing deep concern over the worsening humanitarian crisis, reports UNB.This renewed cycle of violence represents a blatant violation of international humanitarian law and a grievous disregard for...

Take preparation for peaceful elections

Chief Adviser Professor Muhammad Yunus on Wednesday directed the authorities concerned to take necessary steps and preparations for holding peaceful elections in the country, reports UNB.Dr Yunus made the directives during a meeting with Home Affairs Adviser Jahangir Alam Chowdhury and other officials concerned.Earlier, on March 17, the Chief Adviser...

OVL gets third extension until Feb 2027

ONGC Videsh Ltd (OVL), an Indian company that has been awarded Bangladesh offshore exploration contracts, has gotten its tenure extended for the third time although it could not delineate any potential hydrocarbon reserve over the past one decade.State-run Petrobangla has already notified the oil- and gas-exploration company of India about...

2024 breaks 175-yr global heat record; poses long-term risk for Bangladesh

2024 has been recorded as the warmest year in the 175-year history of global temperature records, with average temperatures exceeding pre-industrial levels by more than 1.5°C, reports UNB.This alarming revelation comes from the "State of the Global Climate Report" released by the World Meteorological Organization (WMO) on Wednesday.Scientists warn that...