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

Bangladesh gets edge over competitors in US labour tariff on 60 countries

Bangladesh appears set to retain a competitive advantage on the lucrative US apparel market after Washington imposed new labour-related tariff on imports from 60 economies, placing the country on the lowest rung while subjecting several of its biggest rivals to steeper duties.The measures, announced by the Office of the United...

Shahabuddin stands down, Speaker acting President

Wild speculations come true as Mohammed Shahabuddin stands down as President ostensibly to end an odd position in the highest seat of Bangladesh since the fall of Awami League government in an uprising. In tendering his resignation on Friday, he cited serious health complications that he said left him physically...

Indian govt seeks time on youth protesters' minister resignation demand

Leaders of India's youth-led "cockroach" movement said on Friday that the government has sought time until Saturday afternoon to respond on their demand for the education minister's resignation over exam paper leaks, following talks between the two sides, reports Reuters.The talks came hours after activist Sonam Wangchuk ended his 26-day...

Businesses in a bit feel-good mood for comparative advantage

New US tariffs are taken as the lesser of two evils as businesses appear to be in a bit feel-good mood for Bangladesh's comparative advantage over main rivals especially in apparel export to the American market. Talking to The Financial Express immediate after the news went flying on Friday, Sparrow...

Govt plans 100MW skid-mounted, gas-run plant in Bhola

The government has moved to build a 100MW skid-mounted, gas-fired power plant on the Bhola island to utilise the long-stranded natural and diversified energy sources to cope with the mounting energy demand across the country.State-run Bangladesh Power Development Board (BPDB) was set to float a tender soon to select a...

REER rise weighs on export competitiveness

Real effective exchange rate (REER) in Bangladesh rose to a seven-month high of 103.10 by June count, up 0.67 per cent from 102.41 in May, with its domino effect on the country's external trade. According to data released Thursday by Bangladesh Bank, the REER has been on an upward trajectory...