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

Job market shrinkage pushes high-skill labour force into low-paid livelihoods

A veritable shrinkage of private-sector job market forces skilled and educated professionals to compromise their hard-earned expertise by accepting low-paid positions in fast-growing informal sectors.Amid rising inflation and diminished job security within a sluggish investment climate, many experienced professionals are grappling with uncertainty in their employment prospects.Market analysts suggest that...

Proviso returns to remove judges for incapacity, misconduct

The provision of the Supreme Judicial Council (SJC) has been restored in the constitution to remove apex court judges for their incapacity or misconduct.The Appellate Division reinstated Article 96 in the Constitution on Sunday. The article was linked to the SJC before the making of the 16th amendment that empowered...

Surokkha site down due to server issue

Government's Surokkha service recipients have been facing great difficulty in accessing the website, which is dedicated to the registration for Covid-19 vaccination and download of certificates.The site has been temporarily down for maintenance, leaving many without access to their vaccine certificates, which are a must to serve various purposes.On 12...

Priority is to repatriate laundered money, says Salehuddin

Finance Adviser Dr Salehuddin Ahmed said on Sunday that bringing back the laundered money from abroad is a priority of the interim government and a taskforce has already been formed in this regard.The government would need some technical assistance to repatriate the money which has been siphoned off from the...

Gas supply improves as spot LNG imports resume

Natural gas supply increased in the last couple of days across the country as Bangladesh started importing liquefied natural gas (LNG) from the spot market after a hiatus of more than three months.State-run Petrobangla is now supplying gas of around 900 million cubic feet per day (mmcfd), which was around...

BGMEA gets administrator

The interim government on Sunday appointed Export Promotion Bureau (EPB) Vice Chairman Md Anwar Hossain as the administrator to the country's apex apparel body, Bangladesh Garment Manufacturers and Exporters Association (BGMEA).The Ministry of Commerce issued a circular in this regard dissolving the Board of BGMEA in line with the provision...

Repo facility likely once a week from November

The central bank is likely to squeeze existing repo facility with allowing cash support against repo once a week from next month in a move to prompt banks manage funds more efficiently.According to officials concerned, the move will not only force commercial lenders to seriously focus on efficient fund management,...

Labourers busy unloading imported fruits at the Badamtali

Labourers busy unloading imported fruits at the Badamtali wholesale market in the capital on Sunday8. The country imports 0.8-1.0 million tonnes of fruits annually. — FE Photo by Shafiqul Alam