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

Bangladesh garment export to EU confronting crowding-out effect

Bangladesh's garment export to the European Union faces crowding-out effect as major competitors, hitting US tariff walls, are making forays into the country's largest shipment destination, exporters say. China, Vietnam, Cambodia and Pakistan have incrementally raised their concentration on the European Union (EU) market for a decade while they, mainly...

Well-off banks parking surplus funds into state-guaranteed securities

Standing deposit facility (SDF) interest cut cannot dent affluent banks' reliance on the state-guaranteed securities as they are hugely investing surplus funds in the deposit window despite lower gains.Officials and money-market analysts say the demand on the interbank call-money market dampens due to gradual fall in arbitrary benefits.On the other...

Employers prioritise problem-solving skills over grades

Securing employment based solely on academic results has become increasingly difficult as employers now prioritise problem-solving abilities, said Dr Muhammad Fouzul Kabir Khan, Adviser of the Interim Government for the Ministries of Road Transport and Bridges, Railways, and Power, Energy and Mineral Resources. He made the remarks while addressing the...

Without using the nearby U-loop (seen in the background), vehicles make U-turns

Without using the nearby U-loop (seen in the background), vehicles make U-turns on a busy road through a gap in the road divider near the BTV Bhaban in Rampura area of the city on Saturday, disrupting traffic flow. — FE photo by Shafiqul Alam

'Complete faith and trust in Almighty Allah' to be restored in Constitution, if BNP elected

BNP Standing Committee member Salahuddin Ahmed on Saturday said the phrase "complete faith and trust in Almighty Allah," which was included in the Constitution's preamble and fundamental principles during President Ziaur Rahman's tenure, was later removed.He said the BNP would bring it back into the Constitution if the party forms...

Remittances from US, UAE fall sharply

Bangladesh's two major remittance corridors -- the United States and the United Arab Emirates -- witnessed significant year-on-year (YoY) declines in inflows during the last two quarters, raising concerns over the sustainability of the growth momentum.According to the latest Bangladesh Bank (BB) report, remittances from the UAE dropped to $884.37...