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

RMG annual wage hike impasse drags on

Representatives of the country's readymade garment (RMG)-factory owners and workers on Tuesday failed to come to a consensus over annual wage increment, sources said.At the fourth meeting on the subject held at the labour ministry, factory owners agreed on a 7-percent increment. They had previously proposed a 6 per cent...

CA to hold talks with political, religious leaders

Chief Adviser Prof Muhammad Yunus will hold talks separately with different stakeholders including political parties and student leaders as he seeks national unity. Briefing the media on Tuesday evening, Chief adviser's Press Secretary Shafiqul Alam said there is a possibility of a meeting with political parties at the Foreign Service...

Export earnings grow 16.23pc in Nov

Country's merchandise- export earnings increased 16.23 per cent to US$4.14 billion in November 2024, according to provisional data of Export Promotion Bureau (EPB).The earnings were US$ 3.56 billion in November last year.EPB data also revealed that the overall export trade during the first five months (July to November) of the...

BGMEA seeks continued support from army, law enforcers

Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the apex body for the apparel sector, on Tuesday sought continued support from the Bangladesh Army and members of the law-enforcement agencies to maintain law and order and thus ensure stability in all industries, including the garment sector.The request was made at a...

Tarique Rahman for utmost restraint amid Bangladesh-India tensions

Bangladesh Nationalist Party (BNP) Acting Chairman Tarique Rahman Tuesday called upon all Bangladeshis to show utmost restraint and not fall prey to any provocation amid the tension between Bangladesh and India."Since the fall of autocrat Sheikh Hasina, there is an increase of inflammatory media commentary and political rhetoric against Bangladesh...

2023 employment growth lowest in 12 years: BBS

Bangladesh's economy generated only 0.51 million new jobs in 2023, the lowest employment growth in 12 years and well below the annual average of over 1.12 million since 2013, according to the Bangladesh Bureau of Statistics (BBS). Despite the sluggish job growth, the number of unemployed people fell to its...

Japan-backed energy plan challenged in court

In a groundbreaking legal move, Bangladesh has become the first South Asian country to challenge the legality of a Japan-backed fossil fuel-based power plan with the Supreme Court (SC), marking a historic step towards climate justice. A writ petition has been filed with the SC challenging the legality of the...

Brain-damaging toxicant found in kids' slippers

Filipino toxic watchdog BAN Toxics has called the attention of the public to refrain from buying kiddie plastic slippers sold online after detecting lead, a brain-damaging toxicant.The group purchased the popular kiddie slippers on the online platform Shopee for testing, priced at 45-55 Philippine pesos. The colourful slippers with elastic...

Annual BIDS conference begins Dec 7

The Bangladesh Institute of Development Studies (BIDS) is set to host its four-day flagship event, the Annual BIDS Conference on Development (ABCD) 2024, on December 7-10, reports BSS.The theme of the conference is "Equality, Opportunity, Freedom, and Dignity: Restructuring Institutions for Equitable and Sustainable Development."The conference will take place at...

China bans gallium, germanium exports to US over chip sanctions

China announced Tuesday it is banning exports to the United States of gallium, germanium, antimony and other key high-tech materials with potential military applications.The Chinese Commerce Ministry announced the move after the Washington expanded its list of Chinese companies subject to export controls on computer chip-making equipment, software and high-bandwidth...