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

Rising taka-dollar exchange rate affects trade competitiveness

Businesses lose out as the real effective exchange rate (REER) index rose to 102.97 in October from 100.40 in September that signals a decline in the competitiveness of Bangladesh's currency in international trade, sources say.According to the latest measure for October 2024, prepared by Bangladesh Bank, the central bank, this...

Cabinet approves draft ICT ordinance allowing trial of disciplined services' personnel

A provision for banning political parties missed the all-clear as the council of advisers Wednesday approved a draft ordinance to amend the ICT act to make trial more transparent and international-standard.According to provisions of the amended law, members of the disciplined forces, intelligence agencies and auxiliary forces can be tried...

Govt approves two hard-term loans worth $260m

The interim government on Wednesday approved two hard-term credits worth US$260 million to invest in power transmission, road and terminal development, officials said.The Standing Committee on Non-Concessional Loans (SCNCL) of the government approved the loans at its meeting at the Economic Relations Division (ERD), with Finance Adviser Dr Salehuddin Ahmed...

Armed Forces Day today

The Armed Forces Day will be observed today (Thursday) amid festivity and enthusiasm marking the establishment of the army, navy and air forces during the 1971 Liberation War.The day's programmes will begin with offering special dua after Fajr prayers at mosques in all the cantonments, naval and air force bases...

Exempt five gas exploration projects from feasibility study

The Energy and Mineral Resources Division approached the Planning ministry to exempt five vital gas exploration and development projects from the mandatory third-party feasibility study requirement.The government division reasoned that rapid exploration of gas will help to reduce dependency on imported liquefied natural gas (LNG).The proposed five projects will ensure...

Time ticks down for negotiators at COP29 to find deal to curb warming

BAKU, Azerbaijan, Nov 20 (AP): With time running down, negotiators at the United Nations annual climate talks on Wednesday returned to the puzzle of finding an agreement to bring far more money for vulnerable nations to adapt than wealthier countries have shown they're willing to pay.Pressure was building to drive...