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

Currency swaps rule forex mkt, cushion reserve

Interbank currency swaps under agreements to exchange cash flows at later dates dominate the country's foreign exchange market shielding the forex reserve to a great extent from any pressure.Bangladesh Bank, the central bank of the country, recently prepared a note on it elaborating the nature of the forex market.It said...

Trees on the Abdul Gani Road

Trees on the Abdul Gani Road in the city giving a lush-green look on Wednesday after shedding old leaves with the arrival of summer — FE photo

BD youth jobless rate nearly doubles

Youth unemployment rate nearly doubled in Bangladesh between 1994 and 2017, according to a UN agency report.The unemployment rate increased to 11 per cent in 2017 from 6.0 per cent in 1994, the "State of World Population Report 2019" said. The UNFPA Bangladesh launched the report in Dhaka Wednesday. According...

Dhaka dwellers spend Tk 3.0b on boiling piped water: Study

Dhaka city residents spend over Tk 3.0 billion in gas bill a year on boiling piped water, according to a new study.The study, conducted by the Transparency International Bangladesh (TIB), said some 91 per cent of the surveyed clients of the state-run Dhaka Water Supply and Sewerage Authority (Wasa) boiled...

An electricity pole

An electricity pole as is seen in the photo taken on Wednesday impeding the movement of pedestrians on the footpath at Maghbazar in the city — FE photo

Qualified bidder to get demolition job

Housing and public works minister SM Rezaul Karim said they would appoint a qualified contractor on April 25 to demolish the 15-storey BGMEA building.Briefing media over the process of dismantling the building on Hatirjheel lake, he said it would be razed by applying modern technology, not manually.To this end, the...

News Watch- (18-04-2019)

HC refuses to accept writ over Shab-e-Barat dateThe High Court once again refused to accept a petition seeking its directives to take necessary steps to fix the date of Shab-e-Barat on April 20. The HC bench of Justice FRM Nazmul Ahasan and Justice KM Kamrul Kader passed the order on...