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

Buyers' sourcing switch opens huge global footwear, travel-goods mkt

Buyer's China-plus sourcing strategy for high production costs there and trade redirection fuelled by tariffs and US- China trade spat prompt global buyers to increasingly diversify their footwear-and travel-goods buying sources to elsewhere, including Bangladesh.A rising global demand for such commodities, especially non-leather footwear and luggage bags, manufacturers here are...

Limon's body arrives today

The body of Jamil Ahmed Limon, a Bangladeshi student who was killed in the US state of Florida, is expected to arrive in Dhaka today (Monday), following the completion of legal formalities and repatriation procedures.His body was sent from Orlando International Airport on the evening of May 2. Officials from...

Eid-ul-Azha cattle supply to exceed demand this year

Bangladesh is poised to witness a surplus of sacrificial animals ahead of the upcoming Eid-ul-Azha, as government estimates that a total of around 12.33 million livestock will be available nationwide.Officials shared the projection at an inter-ministerial preparatory meeting convened by the Ministry of Fisheries and Livestock, aimed at assessing demand,...

8 workers killed in truck-pickup collision in Sylhet

SYLHET, May 3 (UNB): At least eight construction workers, including two women, were killed and 10 others injured in a head-on collision between a truck and a pickup van in South Surma upazila of Sylhet on Sunday morning. The deceased were identified as Suruj Ali, 60, son of Fakhrul Ali,...

T-bill yields mixed

Yields on treasury bills showed a mixed trend on Sunday, reflecting banks' growing preference for shorter-term government securities as they navigate excess liquidity and weak private sector credit demand.The shift towards short-tenure instruments highlights cautious liquidity management by banks amid economic uncertainty, even as the government continues to rely on...

Price of 12kg LPG cylinder remains unchanged

The price of a 12kg cylinder of liquefied petroleum gas (LPG) remains unchanged at Tk 1,940 for May.The Bangladesh Energy Regulatory Commission (BERC) announced the decision on Sunday, which would take effect from 6 pm.The LPG prices were adjusted twice last month. On April 2, the price of the 12kg...

Inadequate fuel storage blamed for latest energy crisis

Bangladesh's recent energy crisis was largely driven by inadequate fuel storage capacity and irregular shipment schedules disrupted by global conflicts, officials told a parliamentary committee on Sunday.While authorities have taken emergency measures to stabilise supply, policymakers warned that without stronger infrastructure and better planning, similar disruptions could recur in the...

Probe body formed to investigate ship collision at Ctg port

CHATTOGRAM, May 3 (BSS): A joint investigation committee has been formed to look into the collision between two ships at Chattogram Port.The Department of Shipping and the Port Authority formed the committee following the collision between the ships from Singapore at the outer anchorage of the port on Friday morning.The...