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

Announcement over reform, election process this month, Dr Yunus hints

Chief Adviser Prof. Muhammad Yunus has hinted that an announcement regarding the reform and election process will be made later this month, report agencies. During an interactive session with the envoys of European countries at the Chief Adviser's Office on Monday, Prof. Yunus referred to the Election Reform Commission and...

RMG workers' wage to go up 9.0pc annually

Workers in Bangladesh's main export-earning garment industry finally get a 9.0-percent annual wage hike from the existing 5.0 per cent, following waves of labour unrest.Garment workers will get the enhanced wages from January, Ministry of Labour and Employment (MoLE) adviser of the interim government M Sakhawat Hussain made the announcement...

Dhaka urges India not to interfere in internal affairs

Dhaka raised exception to interference in its internal affairs during an icebreaking consultation Monday with India, where Delhi expressed its "desire to work closely" with Bangladesh's interim government.At the foreign office consultation (FOC) meet held in Dhaka-the first high-level engagement between the two next-door neighbours after the August-5th student-mass uprising...

Elusive indicator of debt-GDP ratio used: Experts

A false narrative of development was created during the previous regime by using an elusive indicator of the debt-to-gross domestic product (GDP) ratio without considering repayment capacity, economists told a programme Monday. They said debt stocks had been presented below the threshold deliberately to rationalise the huge amount of foreign...

No IOC bids for exploration

Not a single international oil company (IOC) did come for bidding, finally, following open tendering by the state-run Petrobangla to attract foreign investment for bay hydrocarbon exploration, said sources."We were surprised to see that not a single IOC did submit bids by the close of bid-submission deadline on Monday," Petrobangla...

28pc NU graduates remain unemployed, finds BIDS study

A study conducted by the Bangladesh Institute of Development Studies (BIDS) has revealed that 28.24 per cent of graduates from colleges affiliated with the National University remain unemployed. The rate is two times higher than that in the Labour Force Survey 2023. According to the Bangladesh Bureau of Statistics (BBS)...

Costly cooking oils get costlier by Tk 8

Costly cooking oils get yet costlier as the government raised maximum retail price of soybean oil by Tk 8.0 a litre to Tk 175, amid a sudden market crisis.Loose soybean-oil MRP has been fixed at Tk 157 a litre, commerce adviser Sheikh Bashir Uddin announced at a press briefing about...

A buyer is seen choosing wool of varied hues and tones

A buyer is seen choosing wool of varied hues and tones from a roadside shop in the capital's Gulistan area on Monday. Woollen warm clothes are in great demand during the winter. — FE Photo by Shafiqul Alam