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

Labour unrest inflicts $400m loss on main export industry

Bangladesh's export-earning apparel industry suffered production loss worth US$400 million for labour unrest for over a month since end of August, on the cusp of a regime change.Bangladesh Garment Manufacturers and Exporters Association (BGMEA) came up Saturday with the claim of cost of industrial action and sought preventive actions against...

Search committee soon to reconstitute EC

The interim government is set to form a search committee soon under the existing rules to pick election commissioners, in the run-up to the next polls in a changed milieu.In the post-uprising context, the immediate-past ruling Awami League and allied political parties who participated and were elected in the last...

BD to seek budget-financing credit confirmation

Bangladesh is set to seek confirmation of the committed budget-support credits from the World Bank and the International Monetary Fund (IMF) at the duo's annual meet beginning tomorrow (Monday), as its forex-crunch mitigation is exigent.The Bangladesh delegation to the meeting, headed by Finance Adviser Dr Salehuddin Ahmed, would request the...

Move on to award Chinese firm SPM operation job, 'bypassing tender'

A strong lobby inside the state-run Bangladesh Petroleum Corporation (BPC) is trying to award a Chinese firm the operation and maintenance job of Single-Point Mooring (SPM) system in the Bay of Bengal bypassing tender, it is alleged.If the Chinese firm is awarded the job, it would further reduce transparency of...

Poll timing to be fixed under CA's leadership

Law Adviser Dr Asif Nazrul on Saturday said the election timing will be fixed under the leadership of Chief Adviser Prof Muhammad Yunus as it is a very important policy decision, reports UNB."He (CA) alone has the authority to declare it (election timing)," Prof Asif Nazrul said in a statement,...

Briefing 2024-10-20

Reforms should focus on finding a way to hold brokers to accountStockbrokers play a big role as market intermediaries and so they must be made accountable for investors to regain confidence in the capital market. Talking to the FE, several brokerage firms said public perceptions about brokers were not good...

Thick smoke billows over buildings following an Israeli airstrike on Beirut's

Thick smoke billows over buildings following an Israeli airstrike on Beirut's southern suburbs on Saturday, amid the ongoing war between Israel and Hezbollah. — AFP