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

Referendum ordinance now ready

Referendum results may be declared based on the vote counts from the majority of polling centres, in case of disruption in any centre, as per a provision of the just-endorsed Referendum Ordinance.The Advisory Council of the interim government in a meeting Tuesday, with Chief Adviser Prof Muhammad Yunus presiding, approved...

Spectrum auction to fetch Tk 2.37 billion per unit

Bangladesh plans to earn Tk 2.37 billion per unit from 700MHz spectrum auction as the government approves the long-awaited financial terms for selling the highly coveted telecommunications backbone. The Finance Division has endorsed the modus operandi, clearing a major regulatory hurdle and setting the stage for releasing a band long...

Short circuit ignites fire, safety neglect to blame

An electrical short circuit ignited the blaze that tore through the cargo village of Dhaka's Hazrat Shahjalal International Airport last month for serious safety lapses, an official investigation concludes.The probe report, exposing years of neglect, dangerous storage practices and the absence of basic fire-safety systems at one of the country's...

Paddy prices slightly lower as import continues, millers dominate market

Paddy prices during the ongoing Aman harvest season are slightly lower than last year’s, with farmers and market observers attributing the decline to continued rice imports and the strong presence of millers in the market.According to the Department of Agricultural Marketing, dry guti swarna paddy is selling for Tk 1,200-1,250...

Exchange rate rise erodes export competiveness

Bangladesh's exports may get costlier to foreign buyers while imports cheaper as the local currency, taka, appears increasingly overvalued in the foreign-exchange basket in real terms. Economists explain that this economic paradox appears for sluggish import demand, weak private-sector credit growth, and stubbornly higher inflation on the economy.Bangladesh Bank's latest...

62m Bangladeshis vulnerable, risk sliding back into poverty: WB

FE REPORTBangladesh's 62 million people -- half of the non-poor population -- are now at risk of falling back into poverty as progress in reducing poverty faces its toughest period since 2016, the World Bank (WB) said on Tuesday.Some 21 million people remain poor in 2025, while another 62 million...